Goldman Sachs | Accelerating Transition
Our Approach to Climate – Video
Decarbonization in the real economy
Priority Sectors Targeted
Oil – Gas – Power and Auto Manufacturing
Our Approach to Climate
The firm’s approach to accelerating climate transition is focused on those areas where Goldman Sachs can have a material impact, including working with clients to decarbonize their businesses and help drive progress towards net zero ambitions, engaging partners and broader stakeholders for impactful innovation and collaboration, and managing the firm’s own climate related risks.
In our latest Taskforce on Climate-related Financial Disclosures (“TCFD”) report, Accelerating Transition, we share an interim roadmap for how we aim to deliver on our long-term commitment to align with a net zero by 2050 pathway.
We describe how we are leveraging the full breadth of our business to help drive the low-carbon transition efforts of our clients through the development of new commercial capabilities and innovative climate solutions
We also acknowledge that in addition to opportunities, the impacts of climate change present risks that have the potential to impact our business in a variety of ways. We are continuously assessing and managing the risks posed by climate change to our business through proprietary models that leverage the latest science and industry best practices on stress testing, and are further integrating climate into our firmwide business and risk practices more broadly
Introduction to New Interim Business Goals for 2030
We remain committed to support the goals of the Paris Agreement, which includes aligning our business with a net zero by 2050 pathway. In this year’s TCFD report: Accelerating Transition, we share an initial set of targets for 2030 for three sectors: Oil & Gas, Power and Auto Manufacturing*, representing sectors where we see opportunities to partner with our clients to help drive decarbonization in the real economy.