Public Profile

Goldman Sachs

Goldman Sachs Group, Inc., commonly referred to as Goldman Sachs, is a leading global investment banking, securities, and investment management firm headquartered in the United States. Founded in 1869, the firm has established a strong presence in major financial hubs, including New York, London, and Tokyo, serving a diverse clientele ranging from corporations to governments. Goldman Sachs operates primarily in the financial services industry, offering a wide array of products and services, including investment banking, asset management, and securities trading. Its unique approach combines innovative financial solutions with deep market insights, positioning the firm as a trusted advisor in complex financial transactions. With a rich history marked by key milestones, Goldman Sachs has consistently maintained a strong market position, recognised for its expertise and commitment to excellence. The firm’s notable achievements include its role in significant IPOs and mergers, solidifying its reputation as a leader in the global financial landscape.

DitchCarbon Score

How does Goldman Sachs's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.

57

Industry Average

Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.

27

Industry Benchmark

Goldman Sachs's score of 57 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.

97%

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Goldman Sachs's reported carbon emissions

In 2023, Goldman Sachs reported total carbon emissions of approximately 103,009,000 kg CO2e, with Scope 1 emissions at about 92,000 kg CO2e and Scope 2 emissions at approximately 9,252,000 kg CO2e. The majority of their emissions stem from Scope 3, particularly business travel, which accounted for about 79,915,000 kg CO2e. In 2022, their total emissions were approximately 83,933,000 kg CO2e, indicating a significant increase in emissions year-on-year. Goldman Sachs has set a long-term commitment to achieve net zero carbon emissions by 2050. This ambitious target necessitates a substantial increase in investments, estimated at $2–$3 trillion annually in low-carbon infrastructure during the 2030s. The firm aims to address emissions across all scopes, although specific reduction targets for Scope 1 and 2 have not been disclosed. The company has consistently reported its emissions data, demonstrating transparency in its sustainability efforts. As of 2023, Goldman Sachs continues to focus on reducing its carbon footprint while navigating the complexities of its operational emissions.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

2005200620072008200920102017201820192020202120222023
Scope 1
6,915,000
00,000,000
00,000,000
0,000,000
0,000,000
00,000,000
00,000,000
0,000,000
00,000,000
0,000,000
00,000,000
00,000
00,000
Scope 2
200,858,000
000,000,000
000,000,000
000,000,000
000,000,000
000,000,000
00,000,000
0,000,000
0,000,000
0,000,000
00,000,000
0,000
0,000,000
Scope 3
-
-
-
-
-
-
000,000,000
00,000,000
000,000,000
00,000,000
00,000,000
00,000,000
00,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Goldman Sachs's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Goldman Sachs is in US, which has a low grid carbon intensity relative to other regions.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

Goldman Sachs is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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