Goldman Sachs recognizes that an effective environmental policy framework must first begin with a focus on minimizing the impact of our own operations. Accordingly, we will make efforts to ensure that our facilities and business practices adopt leading-edge environmental safeguards. We will disclose the environmental impact of our operations, and reduce those impacts, wherever practical.
Goldman Sachs has committed to reducing indirect greenhouse gas emissions from its leased and owned offices by 7% by 2012, using 2005 as the baseline. As part of this commitment, we have developed green building standards for use in all new construction and major renovation projects in our facilities around the world, including our new global headquarters at 200 West Street in New York City, scheduled to open in late 2009, which will be LEED Gold certified. We are also reducing our environmental footprint and have established environmentally responsible procurement practices for our products and services. For additional details on Goldman Sachs’ direct impact please refer to our Environmental Report.