Goldman Sachs Group

"Goldman Sachs Group has set a net zero target for its operations and supply chain by 2030. Net Zero Tracker
Additionally, the company has pledged to achieve net zero in its financing activities by 2050. Net Zero Tracker
An interesting fact about Goldman Sachs's environmental policy is that the company achieved carbon neutrality across its operations and business travel in 2015. Net Zero Tracker
However, this target has not yet been institutionalised and the company's leadership is not formally accountable for its delivery. Net Zero Tracker
In addition, you can check out the net-zero commitments and data for the relevant …"

Current Score (vs. LY)

54.0 pts (4.0)

Last Update: Dec. 12, 2023

Current Rankings

Global: #56

S&P100: #38

Financials: #6

80.0%

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

37.5%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

50.0%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 12,1669,64712,673
Scope 2 - location-based 143,797141,583166,249
Scope 2 - market-based 10,1484,2839,109
Scope 1-2 - location-based 155,963151,230178,922
Scope 1-2 - market-based 22,314 13,930 21,782
Scope 3 23,80229,295135,473
Total - location-based 179,765180,525314,395
Total - market-based 46,116 43,225 157,255

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 2,648,6762,532,900
Methodology Pre-calculated sector intensity (revenue)Pre-calculated sector intensity (revenue)

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)



Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

Goldman Sachs Group belongs to the sector Financials.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2MKT 50.0 2013 2036

Net Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2S3MKT 100.0 2020 2030 Note that all the scope 3 emissions categories are not fully covered

Net Zero Future Commitments

Scope Scope 3 Coverage Target Year Comments
S1S2S3LOC PARTLY 2030
S1S2S3MKT FULL 2050

Net Zero Policy

The company has a net zero policy : every year, carbon emissions will be balanced with carbon offsets, on OTHER scope emissions.


Science-based Targets (SBTI)

There is no Science-Based target recorded in our database. Email us to report missing information Email

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for Goldman Sachs by zerotracker.net: Sept. 4, 2024
Planning to use external offset credits Yes
Separate targets for emission reductions and removals No
Conditions on use of offset credits
  • No conditions specified
Plans for carbon dioxide removal (CDR) Not Specified

Additional notes: "The firm purchases third-party verified carbon offsets (avoidance and/ or removal) with emission claims that are tracked on the registries of Verra, Green-e, Gold Standard or other similar platforms. For YE 2023, credits are sourced from a variety of projects" - Sustainability report 2023 (pg70). Projects include: REDD, Afforestation, Cooking Stoves, N20 Abatement

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points) 		Max
(points) 		Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 10.0 10.0 0.0
2 Scope 3 emissions are fully reported and externally-verified 5.0 10.0 0.0
3 CDP score demonstrates the level of transparent disclosures 9.0 10.0 0.0
Transparency 24.0 30.0 0.0
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 10.0 10.0 4.0
5 Net Zero targets demonstrate a high-level of emergency 5.0 10.0 0.0
6 Emission reduction targets on a forward-looking basis are ambitious 0.0 10.0 0.0
7 Targets are science-based as validated by SBTi 0.0 10.0 0.0
Commitments 15.0 40.0 4.0
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 5.0 10.0 0.0
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 0.0
10 Implied Temperature Rating by MSCi 10.0 10.0 0.0
Results 15.0 30.0 0.0
Total 54.0 100.0 4.0


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? yes 5.0 / 5.0 5.0 0.0 5.0
Are S1+S2 figures verified by a 3rd-party for the last reporting year? yes 5.0/ 5.0 5.0 0.0 5.0
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? partly 2.5 / 5.0 2.5 0.0 2.5
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? partly 2.5 / 5.0 2.5 0.0 2.5
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? A- 9.0 / 10.0 9.0 0.0 9.0
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? yes 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include an intermediate target by 2030? 2030 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include all the emissions? yes 4.0 / 4.0 0.0 4.0 0.0
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? Net Zero Policy 5.0 / 5.0 5.0 0.0 3.3
Target year for achieving net zero emissions for S1+S2+S3 combined? 2050 0.0 / 5.0 0.0 0.0 0.0
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2? -30.9
0.0 / 5.0 0.0 0.0 0.0
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? NC 0.0 / 10.0 0.0 0.0 0.0
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %): 17.4
Actual (in %): 91.1
5.0 / 5.0 5.0 0.0 5.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
Forward-looking reduction could not be calculated
 0.0 / 5.0 0.0 0.0 0.0
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 1.3°C 10.0 / 10.0 10.0 0.0 7.5
Total 54.0 / 100.0 50.0 4.0 45.8


Available Data Sources

Reporting Year 2021 2021 2020 2020 2020 2019 2019 2019 2018
Source Public Yourstake Public CDP Public Public Public CDP Public
Publication Year 2022 2022 2022 2021 2021 2022 2021 2020 2021
Scope 1 12,166 12,166 9,647 9,418 9,418 12,673 12,673 12,673 11,565
Scope 2 - location-based 143,797 143,797 141,583 141,583 187,418 166,249 166,249 166,249 141,583
Scope 2 - market-based 10,148 10,148 4,283 4,283 4,283 9,109 9,109 9,109 16,284
Scope 1-2 - location-based 155,963 155,963 151,230 151,001 196,836 178,922 178,922 178,922 153,148
Scope 1-2 - market-based 22,314 22,314 13,930 13,701 13,701 21,782 21,782 21,782 27,849
Scope 3 23,802 23,802 29,295 625,195 29,295 135,473 135,473 1,404,464 139,893
Total - location-based 179,765 179,765 180,525 776,196 226,131 314,395 314,395 1,583,386 293,041
Total - market-based 46,116 46,116 43,225 608,896 42,996 157,255 157,255 1,386,246 167,742

Sources

Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

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