Goldman Sachs

Goldman Sachs logo

Goldman Sachs is a leading global investment banking, securities, and asset and wealth management firm that provides a wide range of financial services. It is one of the largest investment banks in the world, offering services in investment banking, securities underwriting, asset management, and more.

Positive signals

Morningstar's sustainability analysis as of June 2025 confirms that Goldman Sachs maintains a moderate ESG risk profile, with no recent escalation in controversy level, reflecting ongoing efforts to manage ESG-related risks.

Sustainalytics' ESG Risk Rating for Goldman Sachs as of September 2024 highlights the company's active management of industry-specific material ESG risks, with ongoing monitoring of its exposure and risk mitigation strategies.

According to the Upright Project's Net Impact Model, Goldman Sachs has a net impact ratio of 27.5%, indicating an overall positive sustainability impact, with the most significant positive value created in the categories of taxes, distributing knowledge, and societal infrastructure.

Goldman Sachs launched a biodiversity bond fund in March 2025, which excludes investments in companies with significant revenues from coal, oil, and other controversial fossil fuel activities, and applies ongoing monitoring to ensure compliance with sustainable investment criteria.

Fitch Ratings affirmed Goldman Sachs' credit rating at 'A' with a stable outlook in May 2025, citing the firm's strategic execution on long-term goals, business model diversification, and recovery in financial performance, which are relevant to governance and risk management.

Concerns

Layoff of employees

The Upright Project's analysis highlights that Goldman Sachs causes negative impacts primarily in the categories of scarce human capital, greenhouse gas emissions, and waste, indicating ongoing environmental and social challenges.

Goldman Sachs' ESG risk profile, as assessed by Sustainalytics in September 2024, notes exposure to material ESG risks in areas such as greenhouse gas emissions, waste, and scarce human capital, with the highest controversy level in the last three years impacting its ESG Risk Rating.