An analysis looking at inconsistencies between banks’ public climate commitments and their direct and indirect climate lobbying practices noted Goldman failed to publicly support the Inflation Reduction Act.* And Goldman’s 10,000 Small Businesses program attracted attention for reportedly recruiting participants to lobby against increased capital reserve proposals.° Improved Goldman Sachs lobbying disclosure will protect the reputation of Goldman Sachs and preserve shareholder value.
Workplace equityConfirmed
Goldman Sachs erases diversity targets from filing
Goldman Sachs Group Inc. erased diversity targets from a key regulatory filing after President Donald Trump's executive order.
Goldman Sachs Group Inc. erased diversity targets from a key regulatory filing, becoming the latest Wall Street firm to turn away from specific goals for a more representative workforce after an executive order by President Donald Trump.
Climate & energyConfirmed
Goldman Sachs vows not to finance Arctic oil exploration
Goldman Sachs says it won't directly finance Arctic oil-and-gas exploration, new coal-fired power plants (unless they trap carbon), or new mines for coal used in electricity.
Goldman Sachs says it won't directly finance Arctic oil-and-gas exploration, new coal-fired power plants (unless they trap carbon), or new mines for coal used in electricity.
Political spendingConfirmed
Goldman Sachs donates to Trump's inauguration fund
Goldman Sachs donates an unspecified amount to the Trump inauguration fund.
In finance, Citadel founder Ken Griffin also reportedly plans to give $1 million towards Trump's inauguration, and Goldman Sachs and Bank of America will donate unspecified amounts to the fund.
Climate & energyConfirmed
Goldman Sachs raises money for fossil fuel companies
Goldman Sachs said it will continue to raise money for fossil fuel companies and has called for federal policy like a carbon tax to redirect investment away from coal, oil, and gas.
But banks such as Goldman Sachs have said they will continue to raise money for fossil fuel companies and instead have called for federal policy, such as a carbon tax, to encourage investment away from coal, oil, and gas.
Ukraine & RussiaConfirmed
Goldman Sachs Group Inc. acted as a broker to facilitate investor demand for trading Russian-related assets
The documented action involving Goldman Sachs Group Inc. concerns Russian-related assets.
Goldman Sachs Group Inc. and JPMorgan Chase & Co. are among banks that have been acting as brokers to facilitate growing investor demand for ways to trade Russian-related assets.
Policing & prisonsConfirmed
Goldman Sachs donates $250,000 to Los Angeles Police Foundation
Goldman Sachs gave $250,000 to the Los Angeles Police Foundation in 2018.
Goldman Sachs, the Wall Street behemoth that earned a sordid reputation from its role in causing and profiting from the 2008 financial crisis, gave a whopping $250,000 to the Los Angeles Police Foundation in 2018, as well as $15,000 to the NYC Police Foundation.
Workplace equityConfirmed
Goldman Sachs offers DEI initiatives for underrepresented groups
Goldman Sachs offers various initiatives and programs to increase the pipeline of female, Asian, Black, Hispanic, veteran, and disabled employees into senior and revenue-generating roles.
During the Term, Goldman Sachs will strive in good faith to increase corporate- wide the pipeline of female, Asian, black, and Hispanic employees, veterans and individuals with disabilities into roles that have historically been a platform to more senior roles with more revenue-generating potential or leadership opportunities, by offering various initiatives and programs.
Climate & energyConfirmed
Goldman Sachs pulls out of Climate Action 100+
Goldman Sachs' fund division exits Climate Action 100+ amid US political backlash.
(Bloomberg) -- Goldman Sachs Group Inc. is quitting a major climate group for banks, as increasingly complex regulations and US political attacks lead some of the financial industry's biggest firms to rethink such affiliations.
Goldman Sachs’ fund division is to leave investor engagement group Climate Action 100+, joining other financial services companies which have pulled out amid a political backlash in the US.
All six major US banks — JPMorgan Chase, Bank of America, Goldman Sachs, Citigroup, Morgan Stanley and Wells Fargo — have quit the Net Zero Banking Alliance, according to the new study from the Committee to Unleash Prosperity.
From Goldman Sachs to Morgan Stanley, many of the largest banks in the U.S. are quitting an international climate group amid rising political pressure as the nation enters a second Trump presidency.