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Last update: 2016-10-16 15:13:15
Yann Louvel, Climate and Energy Campaign Coordinator
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Goldman Sachs (NYSE: GS) was founded in 1869 and is a leading global financial services firm that is headquartered in New York. It provides an array of financing services, including investment banking, asset management for institutions and high net worth private clients, and investment research.
200 West Street
10282 New York
Mr. Lloyd Blankfein |
Chairman & CEO
Environmental, Social, and Governance Report 2015|
2015 Annual Report
listed on NYSE Euronext
Voluntary initiativesGoldman Sachs has committed itself to the following voluntary standards:
BankTrack campaigns and Goldman Sachs
True leader Front runner Follower Laggard
BankTrack has assessed Goldman Sachs on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. Goldman Sachs is assessed as a Laggard, with a total score of 3/12.
Goldman Sachs sacks coal terminal investment
In January 2014 Goldman Sachs Infrastructure Partners sold off its remaining equity investment in Carrix, the parent company of Pacific International Terminals and SSA Marine that are behind a colossal coal export terminal proposal near Bellingham, Washington. The move comes after coal companies and their proponents have tabled or dropped three out of six proposed coal export terminals in the Pacific Northwest in the last two years. Read more.
Coal India share issue collapses
Coal India Limited's attempt at a public share issue was successfully blocked in late 2013. The Indian government, the company's majority shareholder, hoped toraise USD 3 billion through the sale of 10% of its stake in the world's largest coal miner. Banktrack was part of a coalition of groups including Greenpeace, Rainforest Action Network and urgewald that pressured the banks underwriting the share offer (Deutsche Bank, Credit Suisse, Bank of America and Goldman Sachs) for their involvement with a company with a notorious environmental and human rights record. Read more [external link].