Earth Day Every Day
As a firm, we depend on strong and sustainable economies and communities to survive and thrive. We take seriously our responsibility for environmental and social stewardship and are committed to leveraging our people, capital and ideas to further effective market-based solutions that help address critical environmental issues.
That’s why environmental sustainability is an important part of our work and our everyday lives at Goldman Sachs. Our efforts include:
Financing and investing in clean energy. Since 2006, our firm has financed over $24 billion and co-invested nearly $4 billion in clean technology and environmentally beneficial projects, including solar and wind power generation. Last year, we extended our long-standing commitment to support renewable energy by setting a target of $40 billion in financings and capital investments over the next decade to companies that promote clean technology alternatives.
Finding market-based solutions. Our Environmental Markets Group (EMG) coordinates and oversees the implementation of our environmental policy framework and works closely with each business area to ensure our people, capital and ideas are effectively leveraged. EMG provides guidance on environmental issues, develops training and resources, and engages with a variety of stakeholders to inform and strengthen Goldman Sachs’ environmental efforts. EMG also works with transaction teams in conducting environmental, social and governance reviews across our business selection decisions. This helps us more effectively manage risks, better serve the interests of our clients and yields greater benefit for the environment and broader society.
EMG also manages the Center for Environmental Markets which conducts independent research with partners to explore and develop public policy options and tools for creating market-based solutions to environmental challenges.
Promoting energy-efficiency and reducing our carbon footprint. Goldman Sachs has one of the world’s largest green building portfolios, including energy-efficient data centers and over 4.1 million square feet of commercial office property that were certified by the Council for Leadership in Energy and Environmental Design (LEED). It’s just one part of our effort to reduce our firm’s carbon emissions to zero by 2020. The firm has also taken up the Mayor's Carbon Challenge in New York City.
To learn more about our work promoting environmental sustainability, read our latest Environmental, Social and Governance Report.