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Goldman SachsUnited States

Active

This profile is actively maintained
Last update: 2024-12-17 00:00:00
Goldman Sachs' head office in New York. Photo: Z4dude via Wikimedia Commons (CC BY SA 3.0)

Active

This profile is actively maintained
Last update: 2024-12-17 00:00:00
Bank info
BankTrack campaigns
All
About
Website http://www.goldmansachs.com/
Headquarters
200 West Street
10282 New York
United States
CEO/chair David M. Solomon
Chairman and CEO
Supervisor
Federal Reserve
Ownership
listed on NYSE

Goldman Sachs' shareholder structure can be accessed here.

Goldman Sachs was founded in 1869 and is an American 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.

Sustainability
Commitments
Policies
Voluntary standards

Goldman Sachs's most important sustainability commitments can be found at the website sections listed below.

Links

Sustainability

Sector guidelines

2024-06-28 00:00:00

Environmental & Social Due Diligence Guidelines

Bank policy
2024-06-28 00:00:00 | Goldman Sachs
2022-08-25 00:00:00

Anti-bribery program

Bank policy
2022-08-25 00:00:00 | Goldman Sachs
2022-05-04 00:00:00

Code of business conduct and ethics

Bank policy
2022-05-04 00:00:00 | Goldman Sachs
2022-04-22 00:00:00

Modern Slavery and Human Trafficking Statement

Bank policy
2022-04-22 00:00:00 | Goldman Sachs
2022-03-30 00:00:00

Corporate Social Responsibility Policy

Bank policy
2022-03-30 00:00:00 | Goldman Sachs
2022-01-25 00:00:00

Sector Guidelines: General Industries, Agriculture/Soft Commodities, Metals & Mining, Oil & Gas, Power Generation

Date listed represents date as accessed on website
Bank policy
2022-01-25 00:00:00 | Goldman Sachs
2022-01-20 00:00:00

Vendor code of conduct

Bank policy
2022-01-20 00:00:00 | Goldman Sachs
2021-06-23 00:00:00

Carbonomics: Introducing the GS net zero carbon models and sector frameworks

Bank policy
2021-06-23 00:00:00 | Goldman Sachs
2020-02-11 00:00:00

Environmental policy framework

Bank policy
2020-02-11 00:00:00 | Goldman Sachs
2020-01-31 00:00:00

Statement on Policy Engagement and Political Participation

Bank policy
2020-01-31 00:00:00 | Goldman Sachs
2018-05-07 00:00:00

Statement on ESG & Impact investing

Bank policy
2018-05-07 00:00:00 | Goldman Sachs Asset Management
2012-04-30 00:00:00

Anti-money laundering program

Bank policy
2012-04-30 00:00:00 | Goldman Sachs
2011-08-03 00:00:00

Human Rights Statement

Bank policy
2011-08-03 00:00:00 | Goldman Sachs
Goldman Sachs has committed itself to the following voluntary standards:
Banking Environment InitiativeTags:
Carbon Disclosure ProjectTags: carbon | climate change | greenhouse gas emissions
Extractive Industries Transparency InitiativeTags: oil and gas | mining and processing | transparency
Green Bond PrinciplesTags: bond issuance | investment | sustainable development
ISO 14001Tags: transparency
Principles for Responsible Banking (PRB)Tags: climate change | corporate social responsibility | finance | sustainable development | United Nations | Voluntary Standards
Principles for Responsible Investment (PRI)Tags: corporate social responsibility | sustainable development | United Nations
Task Force on Climate-related Financial Disclosures (TCFD)Tags: corporate social responsibility | finance
Taskforce on Nature-related Financial Disclosures (TNFD)Tags: corporate social responsibility | finance
Wolfsberg PrinciplesTags: finance | corruption
Dodgy Deals

Goldman Sachs is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Goldman Sachs's link to these deals.

Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Blog
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Global LNG fleet’s annual CO₂e emissions soar past 12 billion tonnes while orderbooks shrug off overcapacity warning

LNG shipping giants continue to ramp up vessel orders despite stranded asset risks, potential decades of carbon lock-in, and a mounting emissions toll
2025-05-13 | Seoul | Solutions for Our Climate
Blog
BankTrack news BankTrack blog Partner news Partner blog

Nippon Steel’s coal focus a risk for investors

2025-05-08 | Tokyo | SteelWatch
BankTrack news BankTrack blog Partner news Partner blog

Big banks abandoned a voluntary climate alliance. Now, critics are calling for new laws.

Environmental groups say state and international policymakers must step up to stop fossil fuel financing.
BankTrack mentioned
2025-03-03 | Grist
Blog
BankTrack news BankTrack blog Partner news Partner blog

Wells Fargo becomes first major US bank to abandon its net-zero commitment

Sierra Club calls move cowardly and shortsighted
2025-02-28 | San Francisco | Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

The world’s biggest climate finance coalition is in crisis. Is it worth saving?

BankTrack mentioned
2025-02-19 | Climate Home News
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: "At Great Cost: The companies building nuclear weapons and their financiers”

2025-02-18 | ICAN, PAX
Blog
BankTrack news BankTrack blog Partner news Partner blog

Seven underwriters of “war bonds” instrumental in enabling Israel’s assault on Gaza, new research finds

Banks have underwritten Israeli government-issued bonds to the value of $19.4 billion since October 7th, 2023
2025-02-14 | BankTrack, PAX, Profundo
BankTrack news BankTrack blog Partner news Partner blog

These seven banks have supplied Israel’s genocide in Gaza to the tune of $20bn

Seven US and European investment banks have been propping up Israel’s brutal genocide in Gaza to the tune of nearly $20bn. And a certain notorious company in particular is dripping in bankrolling complicity: Goldman Sachs.
BankTrack mentioned
2025-02-14 | The Canary
BankTrack news BankTrack blog Partner news Partner blog

RBC Quits Climate Group as Canadian Banks Follow Wall Street

2025-01-31 | BNN Bloomberg
Blog
BankTrack news BankTrack blog Partner news Partner blog

The NZBA’s moment of truth

With 11 major US and Canadian banks leaving the Net Zero Banking Alliance (NZBA), it’s a pivotal moment for the initiative to finally live up to its promise - or die trying
2025-01-21 | Nijmegen | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Do NZBA exits mark the end of bank co-ordination on climate?

It is make or break for the industry-led, UN-convened Net-Zero Banking Alliance
BankTrack mentioned
2025-01-10 | The Banker
BankTrack news BankTrack blog Partner news Partner blog

Six big US banks quit net zero alliance before Trump inauguration

Exodus from target-setting group is attempt to head off ‘anti-woke’ attacks from rightwing politicians, say analysts
2025-01-08 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Financiële wereld schroeft groene ambities terug met oog op Trump

BankTrack mentioned
2025-01-07 | Het Financieele Dagblad
BankTrack news BankTrack blog Partner news Partner blog

Goldman Sachs faces backlash after backing out of global coalition — here's what it had to say

Goldman Sachs' departure appears to have kicked off a wave of other banks ditching NZBA membership.
BankTrack mentioned
2025-01-06 | The Cool Down
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks urged to refuse MUFG’s call to finance Papua LNG

2024-12-18 | ActionAid Australia, Centre for Environmental Law and Community Rights (CELCOR), Friends of the Earth Japan, Japan Center for Sustainable Environment and Society (JACSES), Jubilee Australia Research Centre, Market Forces, Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Demand for UN & Climate Banking Alliance to enforce commitments following Goldman Sachs exit

Climate and community groups have written to the United Nations and the NZBA following Goldman Sachs’ exit from the alliance and backsliding by Morgan Stanley.
2024-12-18 | Stand.earth
Blog
BankTrack news BankTrack blog Partner news Partner blog

Frontline communities urge investors not to buy new ArcelorMittal bonds due to human rights, environmental and climate concerns

2024-12-16 | BankTrack, Fair Steel Coalition
BankTrack news BankTrack blog Partner news Partner blog

Goldman Sachs quits global climate coalition for banks

Biggest bank to leave the Net-Zero Banking Alliance
2024-12-06 | London | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks and investors’ unrestricted finance for LNG is fueling a future climate bomb

2024-12-05 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Most large banks still failing to implement UN human rights principles, new BankTrack benchmark finds

Despite gradual progress, banks show little action in addressing impacts, protecting vulnerable groups and supporting affected communities.
2024-11-27 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

The LNG emissions crisis at sea is perpetuated by these banks

2024-10-24 | Stand.earth
Blog
BankTrack news BankTrack blog Partner news Partner blog

LNG shipping emissions: A growing climate crisis

2024-10-10 | Stand.earth
Blog
BankTrack news BankTrack blog Partner news Partner blog

Sierra Club finds major US banks are climate laggards, recommends steps to meet net-zero commitments

Largest US banks committed to net-zero emissions by 2050, not yet on track to make it happen
2024-10-09 | Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Energy supply financing ratios: the next milestone in banks’ climate strategy

The energy supply financing ratio is a key indicator that synthesizes two major challenges in limiting global warming to 1.5°C: the phase-out of fossil fuels and the development of sustainable alternatives.
2024-10-07 | Reclaim Finance
BankTrack news BankTrack blog Partner news Partner blog

World’s biggest banks pledge support for nuclear power

Names including Bank of America, Morgan Stanley and Goldman Sachs boost COP28 goal of tripling capacity by 2050
2024-09-23 | Financial Times
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks must overhaul climate targets to deliver emissions cuts, new analysis finds

Reclaim Finance is urging banks to rethink their targets, and in particular to jettison the widely used “financed emissions” and “facilitated emissions” targets.
2024-09-19 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack set to publish 2024 Global Human Rights Benchmark in November

50 of the world’s largest banks were invited to provide feedback on draft assessments of their human rights disclosures
2024-07-23 | Nijmegen, Netherlands | Giulia Barbos – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks fail to substantially respond to communities impacted by ArcelorMittal on climate and human rights concerns

2024-07-18 | BankTrack, Fair Steel Coalition, Reclaim Finance, SteelWatch
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banking on Nippon Steel is a high risk bet on climate chaos

Financiers of Nippon should be wary of the steel company's coal-expansion plans
2024-06-21 | Cherry Achando – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Biggest banks finance more carbon pollution than emissions of Italy, Germany, France and UK combined

New report by ReCommon exposes carbon pollution financed by the world’s biggest banks ahead of G7 finance ministers meeting
2024-05-21 | Rome, Italy | ReCommon
BankTrack news BankTrack blog Partner news Partner blog

Wall Street Banks Fund the Destruction of Our Indigenous Land | Opinion

2024-05-20 | Newsweek
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks financed fossil fuels by $6.9 trillion dollars since the Paris Agreement; $705 billion provided in 2023 alone; JPMorgan Chase, Mizuho, and Bank of America are worst 3 funders

Annual Banking on Climate Chaos report with an updated methodology offers comprehensive look at who’s bankrolling the climate crisis
2024-05-13 | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

Top 6 U.S. Banks Financed Fossil Fuels with $1.8 trillion Since the Paris Agreement; Chase, Citi, & Bank of America Top the List Worldwide

BankTrack mentioned
2024-05-12 | Public now
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks fall for ArcelorMittal’s shiny claims and finance its dirty flames

Don’t be fooled by ArcelorMittal's “low carbon” sponsorship of the Olympic Games
2024-05-08 | Julia Hovenier – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

New study: Financing for industrial livestock undermines U.S. banks’ climate commitments

Bank of America, Citigroup, and JPMorgan Chase responsible for more than half of the $134 billion in financing examined in the report
2024-04-10 | Washington D.C. | Friends of the Earth, Profundo
Blog
BankTrack news BankTrack blog Partner news Partner blog

The banks financing dirty steel

The world’s major banks continue to support the largest and most polluting steel producers
2024-03-26 | Paris, France | Reclaim Finance
BankTrack news BankTrack blog Partner news Partner blog

Banks under pressure to reveal data comparing green and fossil fuel spending

Criticism sparks agreement by banks to develop a ratio showing whether a bank’s fossil fuel financing is outstripping the amount it is investing in clean energy
BankTrack mentioned
2024-03-25 | The Banker
BankTrack news BankTrack blog Partner news Partner blog

UK banks urged to end finance to company behind Rosebank oil field development

BankTrack mentioned
2024-03-20 | The Independent
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks financing company behind controversial Rosebank oil field despite climate pledges

HSBC, Lloyds, NatWest and BNP Paribas are financing major North Sea oil expander Ithaca Energy, despite pledges to stop propping up new fossil fuel projects
2024-03-20 | London | BankTrack, #StopRosebank
Blog
BankTrack news BankTrack blog Partner news Partner blog

We’re calling on banks to do their part to stop POSCOs coal expansion

Unless POSCO scraps its relining plans, banks should rule out future finance for the Korean steelmaker
2024-02-27 | BankTrack, Solutions for Our Climate
Blog
BankTrack news BankTrack blog Partner news Partner blog

Coal Havens - Asia’s biggest banks still open for coal business after COP28

The largest banks in India and Indonesia – global hotspots of the coal industry's growth – have no coal exclusion policy
2024-01-23 | Will O'Sullivan – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

POSCO is relining coal-based steel furnaces to prolong their lifetimes. This jeopardises its financiers' climate commitments.

Financiers of POSCO should be wary of capital expenditures that are misaligned with climate commitments
2023-12-18 | Julia Hovenier – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

The NZBA’s 2023 Progress Update shows some member banks’ targets are not consistent with their commitments

2023-12-13 | Nijmegen | Quentin Aubineau – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

67 organisations call on banks to cease financing metallurgical coal

Banks risk stranded assets & climate catastrophe in steel lending without metallurgical coal exclusions
2023-12-07 | Nijmegen | BankTrack, Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

The financial institutions behind the worst fossil fuel bonds in 2023

2023-11-16 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Investing in Extinction - How the global financial sector profits from traditional medicine firms using threatened species

2023-10-23 | Environmental Investigation Agency
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Major global banks are financing deadly US coal plants thanks to loopholes in their climate commitments

Banks continue to fund utility parent companies, despite policies to restrict loans to coal plants
2023-09-01 | Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

UN warns Aramco and its financiers over their role in driving climate-fuelled human rights violations

2023-08-26 | ClientEarth
Blog
BankTrack news BankTrack blog Partner news Partner blog

Decarbonization: steel not making the cut

Analysis by Reclaim Finance shows that few financial institutions have steel targets, and that those that have been adopted are riddled with flaws
2023-08-23 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

New research shows eight major banks responsible for majority of US$ 20 billion in financing for oil and gas companies destroying the Amazon

Banks including JPMorgan Chase, Itaú Unibanco and Banco Santander financed deals directly traced to activities in Peru, Colombia, Brazil and Ecuador
2023-07-25 | Belem, Brazil | Stand.earth
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: US banks’ role in capital markets reveals a hidden pipeline for fossil fuel financing

Wall Street banks quietly raise billions for polluting companies through underwriting activities
2023-07-24 | New York | Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Investing in Bitcoin’s climate pollution

Greenpeace USA’s groundbreaking report exposes BlackRock, Fidelity, Vanguard, Citigroup, JPMorgan Chase, Goldman Sachs, Visa, Mastercard, and American Express for ignoring the climate catastrophe caused by their Bitcoin investments and products.
2023-07-11 | Greenpeace USA
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks committed to net zero still funding North Sea oil expansion by Equinor

Over 60 organisations have written to Equinor's biggest bankers warning them not to fund the company's controversial Rosebank oil field due to climate risks.
2023-07-04 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

US banks and climate-related policy: How the sector engages on sustainable finance and real economy climate policies

New report from InfluenceMap
2023-06-29 | InfluenceMap
Blog
BankTrack news BankTrack blog Partner news Partner blog

One silver lining in otherwise disappointing shareholder season at big US banks

Unprecedented levels of support for proposals calling on banks to disclose how they plan to meet their climate commitments
2023-06-09 | Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

Barclays, Morgan Stanley lead banks nearing CO2 disclosure deal

Banks face new reporting era as capital markets are targeted. NatWest among few banks agreeing to 100% disclosure standard.
2023-05-16 | Bloomberg
BankTrack news BankTrack blog Partner news Partner blog

Wall Street’s biggest banks failing key ESG test in fresh study

JPMorgan, BofA, Citi are listed as falling short in analysis. Study also singles out Goldman, Morgan Stanley and Wells Fargo
2023-04-13 | Bloomberg
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Canadian bank RBC the #1 financier of fossil fuels, world’s biggest banks continued to pour billions into fossil fuel expansion

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
2023-04-13 | San Francisco | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

Global banks pledged to cut emissions – but still invest billions in US gas exports

Many banks promised to work toward net-zero emissions – but their targets explicitly exempt liquefied natural gas projects
2023-04-06 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Climate resolutions on tap for bank shareholder season

Activist stakeholders are ramping up pressure on big lenders to curb fossil fuel lending.
2023-04-05 | Climate Wire
Blog
BankTrack news BankTrack blog Partner news Partner blog

Who dares to finance Eni and Exxon’s dangerous Rovuma gas plans in Mozambique?

Two banks made clear they will avoid financing Rovuma LNG, but plenty remain in the frame.
2023-03-20 | BankTrack, Justiça Ambiental (JA!)/Friends of the Earth Mozambique, Les Amis de la Terre France, ReCommon
BankTrack news BankTrack blog Partner news Partner blog

Qatar’s gas output increase could cause catastrophic global heating, report says

If Qatar exploits all its reserves it will add 50bn metric tons of CO2 to atmosphere, more than entire annual emissions of whole world
BankTrack mentioned
2022-12-08 | The Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

Exposed: Western banks funding Qatar’s carbon bombs

US$ 20 trillion estimated damage linked to massive gas expansion by hosts of 2022 World Cup
2022-12-08 | Henrieke Butijn – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

New human rights assessment of banks shows slow progress and lack of action to address key gaps on reporting and remedy

BankTrack’s 2022 Global Human Rights Benchmark finds reporting at a standstill, remedy still lacking and no clear leaders
2022-11-17 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

These U.S. banks are financing climate chaos through fossil fuel expansion

An overview of RAN's new report, Wall Street’s Dirtiest Secret: How fossil fuel expansion depends on big bank finance
2022-11-10 | Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

JPMorgan Chase and 5 other U.S. megabanks behind one-third of global funding to expand coal, oil and gas

Potential emissions from already developed fields take the world well past 1.5°C of warming, Rainforest Action Network says
2022-11-09 | MarketWatch
Blog
BankTrack news BankTrack blog Partner news Partner blog

Leaders or laggards? Report analyzes net-zero pledges of US banks

Commitments, actions from 6 biggest banks fall far short of what’s needed for global climate goals
2022-11-02 | New York | Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

US banks: Financing coal expension, ignoring climate emergency

2022-09-19 | Reclaim Finance
BankTrack news BankTrack blog Partner news Partner blog

Santos announces refinancing of syndicated debt facilities

Santos announced it had executed documentation to amend and extend its two syndicated bank loan facilities totalling US$1.25 billion.
2022-08-30 | Santos
Blog
BankTrack news BankTrack blog Partner news Partner blog

Jackdaw shows once again Shell is failing on climate. So why are its bankers failing to act?

2022-07-19 | The Hague, The Netherlands | Sumeyra Arslan – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks have arranged US$2.7 trillion in bonds for fossil fuel companies

2022-07-12 | Australia | The Sunrise Project
BankTrack news BankTrack blog Partner news Partner blog

As peak hurricane season looms, banks bolster cozy relationship with fossil fuel industry

2022-07-12 | Louisiana, USA | Louisiana Illuminator
BankTrack news BankTrack blog Partner news Partner blog

Global banks ignore Amazon's indigenous voices at their peril

2022-06-23 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

What’s next in the growing movement to push banks on climate action?

Surveying the financial landscape as AGM season winds down in the US
2022-06-06 | Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Climate groups call on Shell’s bankers to stop Jackdaw gas field

UK government’s regulatory approval opens the door for Shell to move ahead with the Jackdaw field
2022-06-03 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Aandeelhoudersactivisme gaat niet snel genoeg

BankTrack mentioned
2022-05-02 | Het Financieele Dagblad (FD)
Blog
BankTrack news BankTrack blog Partner news Partner blog

This shareholder season, big banks are feeling the heat on climate

2022-04-19 | Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Gulf Coast communities fighting the massive buildout of fracked gas exports

A Banking on Climate Chaos 2022 case study
2022-04-05 | BankTrack, Rainforest Action Network, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

NGOs reveal top international companies, banks, and investors that fuel Russia's war machine

2022-04-04 | Berlin | urgewald, Ecodefense
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
2022-03-30 | San Francisco, Bemidji, Nijmegen, Oakland, Paris, Sassenberg, Washington DC | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club, Urgewald
BankTrack news BankTrack blog Partner news Partner blog

Largest U.S. banks to face shareholder votes on climate change

2022-03-29 | American Banker
BankTrack news BankTrack blog Partner news Partner blog

Goldman first Wall Street group to announce Russia exit plans

2022-03-10 | The Financial Times
BankTrack news BankTrack blog Partner news Partner blog

Climate Groups Press Banks, Asset Managers to Sever Russian Ties

The activists are referring to the financiers as the “Putin 100.”
2022-03-04 | Bloomberg Green
Blog
BankTrack news BankTrack blog Partner news Partner blog

At least $132 billion in finance for fossil fuels is locking Africa out of a Just Transition, shows new report

African countries kept in fossil fuel stranglehold by Overseas money
2022-03-03 | BankTrack, 350.org Africa, AFIEGO, Africa Coal Network, Alerte Congolaise pour l’Environnement et les Droits de l’Homme (ACEDH), Alliance for Empowering Rural Communities (AERC), Centre for Alternative Development (CAD), Environment Governance Institute (EGI), Friends of the Earth Ghana, Friends of the Earth Mozambique, Friends of the Earth Togo, Innovation for the Development and Protection of the Environment (IDPE), Laudato Si, Lumière Synergie pour le Développement (LSD), Milieudefensie, Oil Change International, Save Okavango (SOUL), Solidarité pour la Réflexion et Appui au Développement Communautaire (SORADEC), Synergie de Jeunes pour le Développement et les Droits Humains (SJDDH), Women Environmental Programme Nigeria, WoMin, Zimbabwe Environmental Law Association (ZELA)
Blog
BankTrack news BankTrack blog Partner news Partner blog

Goldman Sachs latest US bank to set 2030 emissions targets

but without ruling out fossil fuel expansion or committing to absolute emissions reductions
2021-12-16 | Rainforest Action Network, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks failing to address severe human rights impacts transparently, finds BankTrack research

Findings reinforce the need for regulators to ensure access to effective remedy for people affected by bank finance
2021-12-14 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

New Report: US banks and investors responsible for roughly the emissions of Russia

CAP and Sierra Club look at “financed emissions” to offer novel view of Wall Street's carbon footprint
2021-12-14 | Washington | Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Meet the banks funding the owners of the Cambo oil field

New research shines a spotlight on the banks backing Shell and Siccar Point Energy
2021-10-29 | #StopCambo
Blog
BankTrack news BankTrack blog Partner news Partner blog

Goldman Sachs joins peers in Net-Zero Banking Alliance, but has no plan for phasing out fossil fuel finance

With this news from Goldman Sachs every big US bank has now pledged net-zero financed emissions by 2050
2021-10-26 | New york | Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

Banks due at UK’s ‘Green’ Investment Summit ‘financed £700 billion in fossil fuels since Paris Agreement’

Citi, JPMorgan and Barclays among “world’s biggest financiers” of oil, gas and coal at government summit on green future.
2021-10-18 | DeSmog
BankTrack news BankTrack blog Partner news Partner blog

‘Wreckers of the Earth’: 300 London-based companies destroying the planet

2021-10-14 | Corporate Watch
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks and biodiversity: are banks moving towards Kunming?

As China hosts the first part of the UN Biodiversity Conference, banks are called upon to support its goals
2021-10-14 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks and investors pouring billions into Arctic oil & gas bonanza despite climate pledges – report

How banks, investors and insurers are driving oil and gas expansion in the Arctic
2021-09-23 | Paris | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Fossil Banks No Thanks demands banks commit to end fossil fuel finance before Glasgow Climate Summit

210+ groups support urgent call to action
2021-09-23 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

New bank links to Myanmar junta and atrocities found

19 international banks together invest over US$65 billion in shares of companies with ties to the Myanmar military junta
2021-07-28 | BankTrack, Justice For Myanmar
Blog
BankTrack news BankTrack blog Partner news Partner blog

Report: Global banks fail for financing, investment in oil & gas in Amazon rainforest

Banks remain highly exposed to risk of fueling corruption, human rights violations, and environmental harms despite commitments
2021-07-08 | San Francisco | Amazon Watch, Stand.earth
Blog
BankTrack news BankTrack blog Partner news Partner blog

Nine international banks invest over US$24 billion in companies linked to Myanmar regime and atrocities

Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, JPMorgan Chase, UBS, Credit Suisse, Morgan Stanley, Bank of America, Wells Fargo and BNP Paribas among the top banks investing in companies linked to the Myanmar military junta
2021-05-27 | BankTrack, Justice For Myanmar
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks called upon to take action to protect biodiversity ahead of UN Biodiversity Conference in Kunming

Civil society organizations urge banks to adopt stringent “No Go” policy for biodiversity rich areas
2021-05-26 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banking on Climate Chaos 2021: World’s 60 largest banks have poured USD 3.8 trillion into fossil fuels since Paris Agreement

Even amidst the global economic downturn, fossil fuel financing numbers were higher in 2020 than 2016
2021-03-24 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

Kerry to Wall Street: Put your money behind your climate PR

2021-03-12 | Politico
BankTrack news BankTrack blog Partner news Partner blog

Big banks make a dangerous bet on the world’s growing demand for food

While banks and asset managers are promising to divest from fossil fuels, they are expanding investments in high-carbon foods and commodities tied to deforestation.
2021-03-07 | Inside Climate News
BankTrack news BankTrack blog Partner news Partner blog

Goldman Follows Rivals in Setting Net-Zero Emissions Targets

Company signs UN’s Principles for Responsible Banking; Bank in 2019 targeted $750 billion for ‘climate transition’
2021-03-04 | Bloomberg
Blog
BankTrack news BankTrack blog Partner news Partner blog

Goldman Sachs latest major bank to issue ‘Net Zero by 2050’ climate goal without key details to get there

This means that Wells Fargo is now the only major U.S. bank that has not made a similar commitment
2021-03-04 | BankTrack, Rainforest Action Network, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Over 260 organisations call on banks not to finance Total’s East African Crude Oil Pipeline

With a final investment decision nearing, African and International organisations warn banks against joining $2.5 billion loan for a “manifestly irresponsible” project • New stopeacop.net campaign website launched.
2021-03-01 | International | BankTrack, 350.org Africa, AFIEGO, Inclusive Development International, IUCN NL
BankTrack news BankTrack blog Partner news Partner blog

Western banks provide billions in backing for firms driving tuna species to collapse

2020-09-28 | Unearthed
Blog
BankTrack news BankTrack blog Partner news Partner blog

US banks are getting the message: Arctic drilling is bad business

2020-08-20 | Ben Cushing, Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

Goldman Sachs pays $3.9bn to settle 1MDB corruption scandal

2020-07-24 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Corporate Backers of the Blue: How Corporations Bankroll U.S. Police Foundations

2020-06-18 | LittleSis
BankTrack news BankTrack blog Partner news Partner blog

Sustainable Finance Targets Matter More Than Ever: Three Lessons for Banks

2020-04-30 | Responsible Investor
Blog
BankTrack news BankTrack blog Partner news Partner blog

Global finance sector failing to apply conservation criteria to pulp and paper funding

2020-03-21 | New York/Amsterdam | Environmental Paper Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banking on Climate Change – Fossil Fuel Finance Report Card 2020

New report reveals global banks funneled USD 2.7 trillion into fossil fuels Since Paris Climate Agreement, with financing on the rise each year 
2020-03-18 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Report: The five biggest financiers of new Amazon oil boom

BlackRock, Goldman Sachs, Citigroup, HSBC, and JP Morgan Chase defy their own commitments by backing dangerous oil and gas extraction in the western Amazon
2020-03-12 | Oakland, California | Amazon Watch
Blog
BankTrack news BankTrack blog Partner news Partner blog

Following Goldman Sachs and JPMorgan Chase announcements, Wells Fargo rejects funding for Arctic drilling

2020-03-02 | San Francisco | Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Davos financial players pump US$1.4 trillion into fossil fuels: new Greenpeace report

Banks, insurers and pension funds are as culpable for the climate emergency as the fossil fuel industry - especially those at the World Economic Forum Annual Meeting
2020-01-21 | Greenpeace
BankTrack news BankTrack blog Partner news Partner blog

Goldman Sachs curbs new lending on coal and Arctic oil

2019-12-16 | Bloomberg
BankTrack news BankTrack blog Partner news Partner blog

Goldman Sachs to stop financing new drilling for oil in the Arctic

2019-12-16 | The Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

Goldman Sachs adopts strongest fossil finance policy by a major US Bank

Bank rules out thermal coal and Arctic oil projects, commits to exit coal mining
2019-12-15 | San Francisco | Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

Bank of America, Goldman and SocGen singled out for ‘human rights failings’

Pressure group says four out of five banks are ‘failing’ on human rights — though Citi, Barclays and Dutch bank ABN Amro win praise
BankTrack mentioned
2019-11-26 | Financial News
Blog
BankTrack news BankTrack blog Partner news Partner blog

4 out of 5 banks failing on human rights, new BankTrack Human Rights Benchmark shows

Lloyds, Bank of America, Goldman Sachs and Société Générale among the poorest performers in BankTrack ranking, alongside Canadian and Chinese banks
2019-11-26 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Saudi Aramco IPO: climate change fears cause banks to miss out on millions in fees

BankTrack mentioned
2019-11-21 | The Independent
Blog
BankTrack news BankTrack blog Partner news Partner blog

Failure of Aramco IPO gives a black eye to bank CEOs and a warning to investors

2019-11-20 | London, UK | BankTrack, 350.org, Earthworks, Friends of the Earth US, Global Witness, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, ShareAction, Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

Banks set to cash in on the Saudi Aramco IPO want you to know they’re still serious about climate change

BankTrack mentioned
2019-11-14 | Fortune
BankTrack news BankTrack blog Partner news Partner blog

Banks fail to stop financing fossil fuel industry

2019-11-09 | The Financial Times
BankTrack news BankTrack blog Partner news Partner blog

Western banks funding Saudi Aramco IPO betraying climate change promises

2019-11-05 | Newsweek
BankTrack news BankTrack blog Partner news Partner blog

Aramco IPO: These are the banks and advisers on world's biggest sale

2019-11-03 | Bloomberg
BankTrack news BankTrack blog Partner news Partner blog

Banks warned over Saudi Aramco by environmental groups

2019-10-17 | The Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

Environmental groups warn banks against climate and human rights implications of underwriting Saudi Aramco offering

2019-10-17 | Nijmegen, the Netherlands
BankTrack news BankTrack blog Partner news Partner blog

Money to burn

More than 300 banks and investors back six of the world’s most harmful agribusinesses to the tune of $44bn
2019-09-23 | Global Witness
Blog
BankTrack news BankTrack blog Partner news Partner blog

Revealed: major banks and investors including Barclays, JPMorgan Chase, Goldman Sachs, Morgan Stanley, BlackRock are pouring money into global forest destruction

New investigation by Global Witness uncovers for the first time a truly global picture of major financial players driving $44 billion into companies directly or indirectly involved in deforestation in the Brazilian Amazon, the Congo Basin and Papua New Guinea.
2019-09-23 | Global Witness
Blog
BankTrack news BankTrack blog Partner news Partner blog

Rio Grande Valley: Big banks urged not to back high risk fracked-gas export terminals

2019-08-14 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

1MDB: Malaysia files charges against 17 current and ex-Goldman Sachs bosses

2019-08-09 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

ESG pioneer to lead Goldman Sach’s new sustainable finance group

2019-07-29 | City Wire Selector
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack 2019 Human Rights Benchmark: criteria and scope announced

2019-06-25 | Nijmegen | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

US banks pledged to fund renewable energy, but they still spend way more on fossil fuels

2019-03-28 | Mother Jones
Blog
BankTrack news BankTrack blog Partner news Partner blog

RWE plans destruction of ancient German forest

Top bankers of Europe's biggest CO2 emitter revealed in Fossil Fuel Finance Report Card 2019
2019-03-21 | Greig Aitken – BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Global Banks, Led by JPMorgan Chase, Invested $1.9 Trillion in Fossil Fuels Since Paris Climate Pact

2019-03-20 | Desmogblog.com
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banking on Climate Change – Fossil Fuel Finance Report Card 2019

World's top banks have poured $1.9 trillion into fossil fuel financing since the Paris Agreement was adopted, with financing on the rise each year
2019-03-20 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

Malaysia Blames Goldman Sachs for Stolen Billions

2019-01-14 | The New York Times
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks massively financing fossil fuels unclear about future of ... fossil fuels

Few banks acknowledge relation between fossil fuels and climate breakdown
2018-12-20 | Nijmegen
Blog
BankTrack news BankTrack blog Partner news Partner blog

New briefing paper on RWE – Europe’s worst polluter – for investors, insurers and banks

2018-12-16 | Beyond Fossil Fuels
Blog
BankTrack news BankTrack blog Partner news Partner blog

Gwich’in Leaders travel to New York to tell banks: Defend the Arctic Refuge

2018-10-29 | Bernadette Demientieff
BankTrack news BankTrack blog Partner news Partner blog

Alaska Natives Call on Banks to Protect the Arctic National Wildlife Refuge From Drilling

2018-10-26 | Earther
Blog
BankTrack news BankTrack blog Partner news Partner blog

New coal report finds troubling loopholes in existing bank policies

Analysis shows broad compliance with credit exposure reduction commitments – but six biggest US banks still increased coal financing In 2017
2018-08-16 | Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

U.S. court order stops some work on Mountain Valley natural gas pipeline in West Virginia

2018-06-25 | Reuters
BankTrack news BankTrack blog Partner news Partner blog

Think the big banks have abandoned coal? Think again

2018-05-28 | The New York Times
Blog
BankTrack news BankTrack blog Partner news Partner blog

Report finds major banks ramped up fossil fuel financing to $115 billion in 2017

Despite 2017 being the costliest year on record for weather disasters, new report reveals that banks increased extreme fossil fuel financing last year, led by a more than doubling in lending to tar sands companies and pipelines.
2018-03-28 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

Banks told they're lagging on response to climate change risks

2018-02-15 | Bloomberg
Blog
BankTrack news BankTrack blog Partner news Partner blog

Big banks complicit in massive tar sands destruction and pollution through hundreds of billions in financing

2017-11-02 | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Financiers of pulp and paper industry projects will cause environmental and social harm, says new report

2017-08-01 | Mandy Haggith – Environmental Paper Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Energy Transfer: Which banks continue to support the company behind DAPL?

2017-04-06 | Alison Kirsch - Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Financing of coal industry expansion by top banks undermining Paris Agreement

2016-11-14 | Marrakech, Morocco | BankTrack, Friends of the Earth France, Market Forces, Rainforest Action Network, urgewald
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report finds banks betting on climate change

Seventh annual bank finance Report Card reveals major banks poured hundreds of billions into extreme fossil fuels
2016-06-14 | Nijmegen, San Francisco | BankTrack, Rainforest Action Network, Sierra Club and Oil Change International
BankTrack news BankTrack blog Partner news Partner blog

Goldman Criticized for `Half-Measures' on Cutting Coal Support

2015-11-03 | Bloomberg
BankTrack news BankTrack blog Partner news Partner blog

Goldman Sachs Targets $150 Billion in Clean-Energy Deals by 2025

2015-11-02 | Bloomberg
BankTrack news BankTrack blog Partner news Partner blog

Goldman Bets on Being Green

2015-11-02 | The Wall Street Journal
BankTrack news BankTrack blog Partner news Partner blog

Goldman Sachs Sells Colombian Coal Mines to Murray Energy

2015-08-13 | The Wall Street Journal
BankTrack news BankTrack blog Partner news Partner blog

EU lobby register: still failing to deliver real transparency

2015-01-27 | Economic Voice
Blog
BankTrack news BankTrack blog Partner news Partner blog

Climate breakthrough as string of banks dump coal financing

2015 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Call for banks to divest from APRIL

Social conflict and environmental destruction are rife in its operations
2014-12-10 | Nijmegen | BankTrack, Mandy Haggith – Environmental Paper Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks not yet living up to UN human rights principles, finds BankTrack

New research finds inadequate reporting on human rights impacts, and failure to establish mechanisms to allow complaints.
2014-12-02 | Geneva | BANKTRACK
Blog
BankTrack news BankTrack blog Partner news Partner blog

'Record year' for bank coal financing as latest UN climate warning looms

2014-10-29 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

RAN Applauds Move by U.S. Banks to Reject Australian Coal Port

Abbot Point coal export project presents dire threat to climate and to the Great Barrier Reef
2014-10-27 | San Francisco | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Report Finds Top Banks Moving Away From Coal: Citigroup and Barclays seen as laggards

Fifth annual coal finance report shows JPMorgan Chase and Wells Fargo end financing for mountaintop removal coal
2014-04-17 | San Francisco | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack calls for strengthening of Green Bond Principles

Combatting climate change needs real commitments instead of loose guidelines - Banks must urgently curb fossil fuel financing
2014-04-14 | Nijmegen | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Goldman Sachs Sacks Coal Export Investment

2014-01-10 | RAN
Blog
BankTrack news BankTrack blog Partner news Partner blog

Goldman Sachs sacks coal terminal investment

Coal sector loosing appeal to Wall Street investors
2014-01-07 | San Fransisco | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Goldman Sachs sacks coal terminal investment

2014 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Five banks made £2.2 billion from food speculation in 2010-2012

2013-11-05 | London | World Development Movement
BankTrack news BankTrack blog Partner news Partner blog

Goldman and Deutsche back India Coal despite their environmental standards

2013-10-01 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Coal India to Investors: What’s a Few Billion Tons of Coal Between Friends?

2013-09-24 | RAN blog
BankTrack news BankTrack blog Partner news Partner blog

Coal India to Investors: What’s a Few Billion Tons of Coal Between Friends?

2013-09-24 | RAN
Blog
BankTrack news BankTrack blog Partner news Partner blog

Greenpeace and Rainforest Action Network call out Bank of America for major stake in Coal India deal

Human rights abuses and widespread deforestation overlooked while banking giant aids world’s largest coal mining company
2013-09-04 | San Francisco | Greenpeace and Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

Ignoring Human Rights Abuses and Coal’s Uncertain Future, Big Banks Line Up for Piece of World’s Largest Coal Miner

2013-09-04 | RAN
BankTrack news BankTrack blog Partner news Partner blog

India picks seven banks for 5 percent stake sale in Coal India: sources

2013-08-29 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

Big banks warned to steer clear of Coal India share offer

2013-08-23 | India | Ashish Fernandes
Blog
BankTrack news BankTrack blog Partner news Partner blog

New Coal Finance Report Card Exposes Risk of Extreme Energy Investments

Banks pump $20 billion into coal despite U.S. coal industry decline and escalating climate impacts
2013-04-29 | San Francisco | Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

Seven of Bloomberg’s Top Ten “Greenest Banks” Are Climate Killers

2013-04-10 | RAN
Blog
BankTrack news BankTrack blog Partner news Partner blog

Coal India share issue collapses

2013 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Banks Look to Burnish Their Images by Backing Green Technology Firms

2012-06-10 | The New York Times
BankTrack news BankTrack blog Partner news Partner blog

Environmental groups rate banks based on support of coal

2012-05-01 | United States of America | The State journal
Blog
BankTrack news BankTrack blog Partner news Partner blog

US banks risk public health and climate by financing coal

RAN and sierra club detail the “filthy five” banks in third annual “coal Finance report rard”
2012-05-01 | San Francisco, USA | Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

Why I Am Leaving Goldman Sachs

2012-03-14 | New York | The New York Times
Blog
BankTrack news BankTrack blog Partner news Partner blog

Bankrolling Climate Change

NGOs present groundbreaking research on banks’ involvement in coal financing
2011-11-30 | Durban | urgewald, Earthlife, BankTrack and groundWork
Blog
BankTrack news BankTrack blog Partner news Partner blog

Worst EU Lobbyists 2010 revealed- RWE, Goldman Sachs and ISDA

2010-12-02 | Brussels | Friends of the Earth Europe et.al.
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack calls upon banks to Close the Gap on investment policies

New report evaluates quality of investment policies of 49 banks; more policies in place, overall quality below what is required
2010-04-27 | Nijmegen, the Netherlands | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Goldman Sachs charged with $1bn fraud over toxic sub-prime securities

2010-04-16 | London | The Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

Top financial institutions invest over US$43 billion in producers of cluster bombs

Activists call on governments and financial institutions to stop explosive investments
2010-04-14 | Geneva, Switzerland | Netwerk Vlaanderen/ IKV PaxChristi
Blog
BankTrack news BankTrack blog Partner news Partner blog

Equator Principles: Action, not words needed

BankTrack calls upon Citi, new chair of Equator Principles to take bold steps forward
2010-03-15 | Nijmegen, The Netherlands | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Goldman Sachs addressing environmental and social issues

2005-11-22 | San Fransisco | Friends of the Earth US
Resources
Documents
Links
2025-05-08 00:00:00

Letter from BankTrack and Mars se Drine to Goldman Sachs on Jadar project

Correspondence
2025-05-08 00:00:00 | BankTrack and Mars se Drine
2024-10-10 00:00:00

Banking on a climate shipwreck

Exposing the role of global banks in the expansion of maritime fossil gas
NGO document
2024-10-10 00:00:00 | Stand.earth
2024-10-01 00:00:00

NZBA 2024 Progress Report

Other document
2024-10-01 00:00:00 | NZBA
2024-07-17 00:00:00

Response Tracking – Letter to 20 banks on ArcelorMittal, sent June 10th 2024

NGO document
2024-07-17 00:00:00 | BankTrack
2024-06-28 00:00:00

Environmental & Social Due Diligence Guidelines

Bank policy
2024-06-28 00:00:00 | Goldman Sachs
2024-06-10 00:00:00

Letter from BankTrack to Goldman Sachs on Risks of Goldman Sach's relationship with ArcelorMittal

Correspondence
2024-06-10 00:00:00 | BankTrack
2024-05-21 00:00:00

UNSUPERVISED - The carbon pollution of the world’s largest banks

NGO document
2024-05-21 00:00:00 | ReCommon
2024-05-13 00:00:00

Banking on climate chaos 2024

Fossil fuel finance report 2024
BankTrack publication
2024-05-13 00:00:00 | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance & Sierra Club
2024-05-06 00:00:00

Annual report 2023

Annual report
2024-05-06 00:00:00 | Goldman Sachs
2024-05-02 00:00:00

Sustainability Report 2023

Other bank document
2024-05-02 00:00:00 | Goldman Sachs
2024-03-19 00:00:00

Open letter signed by 81 CSOs to financiers Ithaca Energy about Rosebank oil and gas field

NGO document
2024-03-19 00:00:00 | BankTrack, Stop Rosebank
2024-01-23 00:00:00

Coal Havens

The banks and loopholes keeping coal finance alive in Asia
BankTrack publication
2024-01-23 00:00:00 | BankTrack
2024-01-22 00:00:00

Letter from BankTrack, Both ENDS and 12 other CSOs to Vale's investors on Brumadinho disaster 5th anniversary

Correspondence
2024-01-22 00:00:00 | BankTrack, Both ENDS and 12 other CSOs
2023-12-21 00:00:00

Goldman Sachs 2023 TCFD Report

Other bank document
2023-12-21 00:00:00 | Goldman Sachs
2023-12-07 00:00:00

Letter from BankTrack to Goldman Sachs on Ending support for metallurgical coal

Correspondence
2023-12-07 00:00:00 | BankTrack
2023-11-29 00:00:00

Letter from BankTrack to Goldman Sachs on posco relining plans

Correspondence
2023-11-29 00:00:00 | BankTrack
2023-10-03 00:00:00

CSR report 2022

Annual report
2023-10-03 00:00:00 | Goldman Sachs
2023-07-04 00:00:00

Letter from BankTrack and 60 civil society groups to 20 bank financiers of Equinor on Equinor's proposed North Sea field Rosebank

Letter to financiers of Equinor on their client's ownership of Rosebank
Correspondence
2023-07-04 00:00:00 | BankTrack and 60 civil society groups
2023-05-23 00:00:00

Why banks should account for their full share of facilitated emissions

Banks are making progress on setting net-zero targets but most focus on lending and only a handful include capital markets facilitation – funding activities where banks do not provide capital themselves but play a critical role in facilitating access to it. Capital markets are a vital source of funding and will be key in delivering the low-carbon transition. In 2021 alone, global bond and equity issuances stood at US$26.8 trillion. This memo outlines why the industry-organised Partnership for Carbon Accounting Financials should include a 100% weighting for capital market facilitation.
NGO document
2023-05-23 00:00:00 | ShareAction
2023-04-28 00:00:00

2022 Sustainability Report

Other bank document
2023-04-28 00:00:00 | Goldman Sachs
2023-04-13 00:00:00

Banking on Climate Chaos 2023

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
BankTrack publication
2023-04-13 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, Urgewald
2023-04-03 00:00:00

Annual report 2022

Annual report
2023-04-03 00:00:00 | Goldman ?Sachs
2023-01-27 00:00:00

Background briefing: Just 7% of global banks' energy financing goes to renewables, new data shows

BankTrack publication
2023-01-27 00:00:00 | Profundo for Sierra Club, Fair Finance International, BankTrack, Rainforest Action Network
2022-11-17 00:00:00

BankTrack Global Human Rights Benchmark 2022

BankTrack publication
2022-11-17 00:00:00 | BankTrack
2022-11-15 00:00:00

Who is financing fossil fuel expansion in Africa?

BankTrack publication
2022-11-15 00:00:00 | Urgewald, BankTrack, 350.org Africa, Africa Coal Network & Oilwatch Africa, et al.
2022-11-09 00:00:00

Wall Street's Dirtiest Secret

How fossil fuel expansion depends on big bank finance
NGO document
2022-11-09 00:00:00
2022-10-17 00:00:00

Task Force on Climate-related Financial Disclosures Report 2021

Other bank document
2022-10-17 00:00:00 | Goldman Sachs
2022-08-25 00:00:00

Anti-bribery program

Bank policy
2022-08-25 00:00:00 | Goldman Sachs
2022-06-30 00:00:00

TCFD 2021 report

Other bank document
2022-06-30 00:00:00 | Goldman Sachs
2022-06-03 00:00:00

Letter from BankTrack, 350.org, Bank on our Future and Uplift to 25 banks on Shell's proposed Jackdaw gas field

Correspondence
2022-06-03 00:00:00 | BankTrack, 350.org, Bank on our Future and Uplift
2022-05-04 00:00:00

Code of business conduct and ethics

Bank policy
2022-05-04 00:00:00 | Goldman Sachs
2022-05-02 00:00:00

CSR report 2021

Annual report
2022-05-02 00:00:00 | Goldman Sachs
2022-04-22 00:00:00

Modern Slavery and Human Trafficking Statement

Bank policy
2022-04-22 00:00:00 | Goldman Sachs
2022-03-30 00:00:00

Banking on Climate Chaos 2022

Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021
BankTrack publication
2022-03-30 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, urgewald
2022-03-30 00:00:00

Corporate Social Responsibility Policy

Bank policy
2022-03-30 00:00:00 | Goldman Sachs
2022-03-29 00:00:00

Annual report 2021

Annual report
2022-03-29 00:00:00 | Goldman Sachs
2022-01-25 00:00:00

Sector Guidelines: General Industries, Agriculture/Soft Commodities, Metals & Mining, Oil & Gas, Power Generation

Date listed represents date as accessed on website
Bank policy
2022-01-25 00:00:00 | Goldman Sachs
2022-01-20 00:00:00

Vendor code of conduct

Bank policy
2022-01-20 00:00:00 | Goldman Sachs
2021-12-14 00:00:00

Wall Street's carbon bubble: the global emissions of the US financial sector

NGO document
2021-12-14 00:00:00 | Sierra Club, Center for American Progress
2021-12-14 00:00:00

Actions speak louder: Assessing bank responses to human rights violations

BankTrack publication
2021-12-14 00:00:00 | BankTrack
2021-09-23 00:00:00

Drill, baby, drill

How banks, investors and insurers are driving oil and gas expansion in the Arctic
NGO document
2021-09-23 00:00:00 | Reclaim Finance
2021-07-08 00:00:00

Banking on Amazon destruction

NGO document
2021-07-08 00:00:00 | Amazon Watch & Stand.earth
2021-06-23 00:00:00

Carbonomics: Introducing the GS net zero carbon models and sector frameworks

Bank policy
2021-06-23 00:00:00 | Goldman Sachs
2021-06-08 00:00:00

CSR Report 2020

Annual report
2021-06-08 00:00:00 | Goldman Sachs
2021-05-25 00:00:00

The Big Smoke

The global emissions of the UK financial sector
NGO document
2021-05-25 00:00:00 | Greenpeace and WWF
2021-03-23 00:00:00

Annual report 2020

Annual report
2021-03-23 00:00:00 | Goldman Sachs
2021-03-04 00:00:00

Goldman Sachs Update on Our 2030 Sustainable Finance Commitment

Other bank document
2021-03-04 00:00:00 | Goldman Sachs
2021-02-25 00:00:00

Open Letter from over 260 civil society organisations to banks on EACOP

NGO document
2021-02-25 00:00:00 | 263 CSOs
2020-09-24 00:00:00

Fracking Fiasco: The banks that fueled the U.S. shale bust

NGO document
2020-09-24 00:00:00 | Rainforest Action Network
2020-07-01 00:00:00

CSR report 2019

Annual report
2020-07-01 00:00:00 | Goldman Sachs
2020-05-19 00:00:00

Annual report 2019

Annual report
2020-05-19 00:00:00 | Goldman Sachs
2020-03-18 00:00:00

Banking on Climate Change - Fossil Fuel Finance Report 2020

BankTrack publication
2020-03-18 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club
2020-02-11 00:00:00

Environmental policy framework

Bank policy
2020-02-11 00:00:00 | Goldman Sachs
2020-01-31 00:00:00

Statement on Policy Engagement and Political Participation

Bank policy
2020-01-31 00:00:00 | Goldman Sachs
2019-12-31 00:00:00

Climate-Related Risks & Opportunities Report

Other bank document
2019-12-31 00:00:00 | Goldman Sachs
2019-12-10 00:00:00

Letter from BankTrack to Goldman Sachs on the bank's progress on its fossil fuel finance since COP24

Correspondence
2019-12-10 00:00:00 | BankTrack
2019-10-31 00:00:00

Anti-Bribery Program

Other bank document
2019-10-31 00:00:00 | Goldman Sachs
2019-09-23 00:00:00

Money to Burn

How iconic banks and investors fund the destruction of the world’s largest rainforests
NGO document
2019-09-23 00:00:00 | Global Witness
2019-08-13 00:00:00

Letter from Goldman Sachs to BankTrack on comments on 2019 Human Rights Benchmark

Correspondence
2019-08-13 00:00:00 | Goldman Sachs
2019-06-24 00:00:00

CSR report 2018

Annual report
2019-06-24 00:00:00 | Goldman Sachs
2019-05-21 00:00:00

Fool's Gold

The financial institutions bankrolling Europe’s most coal-dependent utilities
NGO document
2019-05-21 00:00:00 | Europe Beyond Coal
2019-05-09 00:00:00

Annual General Meeting Shareholder Briefing Goldman Sachs

BankTrack publication
2019-05-09 00:00:00 | BankTrack
2019-04-01 00:00:00

Annual report 2018

Annual report
2019-04-01 00:00:00 | Goldman Sachs
2018-10-16 00:00:00

Letter from BankTrack and 120 organisations to Goldman Sachs on Demands FBNT campaign

Correspondence
2018-10-16 00:00:00 | BankTrack and 120 organisations
2018-08-31 00:00:00

Banking on coal mining

U.S. banks’ performance against their policies since 2015
NGO document
2018-08-31 00:00:00 | Rainforest Action Network
2018-05-07 00:00:00

Statement on ESG & Impact investing

Bank policy
2018-05-07 00:00:00 | Goldman Sachs Asset Management
2018-04-30 00:00:00

CSR report 2017

Annual report
2018-04-30 00:00:00 | Goldman Sachs
2018-04-30 00:00:00

Annual report 2017

Annual report
2018-04-30 00:00:00 | Goldman Sachs
2018-02-28 00:00:00

How banks contribute to human rights violations: responses to the Business & Human Rights Resource Centre

NGO document
2018-02-28 00:00:00 | Business & Human Rights Resource Centre
2017-05-15 00:00:00

Annual Report 2016

Annual report
2017-05-15 00:00:00 | Goldman Sachs
2017-03-31 00:00:00

Environmental, social and governance report 2016

Annual report
2017-03-31 00:00:00 | Goldman Sachs
2016-07-14 00:00:00

2015 Annual Report

Annual report
2016-07-14 00:00:00 | Goldman Sachs
2016-07-14 00:00:00

The Goldman Sachs Business Principles

Other bank document
2016-07-14 00:00:00 | Goldman Sachs
2016-06-14 00:00:00

Shorting the Climate

Fossil Fuel Finance Report Card 2016
BankTrack publication
2016-06-14 00:00:00 | BankTrack, Rainforest Action Network, Sierra Club, Oil Change International
2016-06-02 00:00:00

Green Paper, Red Lines

Requirements for pulp and paper industry finance
BankTrack publication
2016-06-02 00:00:00 | BankTrack, Environmental Paper Network
2015-05-06 00:00:00

Annual Report 2014

Annual report
2015-05-06 00:00:00 | Goldman Sachs
2015-05-06 00:00:00

Selected Highlights from the 2014 ESG Report

Annual report
2015-05-06 00:00:00 | Goldman Sachs
2015-05-04 00:00:00

The end of coal?

2015 Coal Finance Report Card
BankTrack publication
2015-05-04 00:00:00 | BankTrack, Rainforest Action Network, Sierra Club
2015-02-16 00:00:00

Tycoon-controlled oil palm groups in Indonesia - Executive Summary

NGO document
2015-02-16 00:00:00 | TuK, Profundo
2015-01-27 00:00:00

Complaint against Goldman Sachs regarding their misleading entry in the EU lobby register

NGO document
2015-01-27 00:00:00 | FoEE, CEO, Lobbycontrol
2015-01-27 00:00:00

New and Improved? Why the EU Lobby register still fails to deliver

NGO document
2015-01-27 00:00:00 | ALTER-EU
2014-12-10 00:00:00

Letter from EPN to Banks investing in April on APRIL

Correspondence
2014-12-10 00:00:00 | EPN
2014-10-29 00:00:00

Banking on Coal 2014

BankTrack publication
2014-10-29 00:00:00 | BankTrack
2014-07-14 00:00:00

Selected Highlights from 2013 ESG Report

Annual report
2014-07-14 00:00:00 | Goldman Sachs
2014-04-17 00:00:00

Coal Finance Report Card 2014

Extreme Investments; Extreme Consequences
BankTrack publication
2014-04-17 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack
2014-04-09 00:00:00

Letter from BankTrack to signatory banks on Green Bond Principles

Correspondence
2014-04-09 00:00:00 | BankTrack
2014-01-01 00:00:00

Annual Report 2013

Annual report
2014-01-01 00:00:00
2013-09-23 00:00:00

Coal India: Running on Empty?

NGO document
2013-09-23 00:00:00 | Greenpeace India
2013-04-29 00:00:00

Coal Finance Report Card 2013

Extreme investments - US Banks and the Coal Industry
BankTrack publication
2013-04-29 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack
2012-12-19 00:00:00

Dirty Profits

Report on Companies and Financial Institutions Benefiting from Violations of Human Rights
NGO document
2012-12-19 00:00:00 | Facing Finance
2012-06-20 00:00:00

Worldwide investments in Cluster munitions, a shared responsibility

NGO document
2012-06-20 00:00:00 | IKV Pax Christi & FairFin
2012-05-01 00:00:00

Coal Finance Report Card 2012

Dirty Money, U.S. Banks at theBottom of the Class
BankTrack publication
2012-05-01 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack
2012-04-30 00:00:00

Anti-money laundering program

Bank policy
2012-04-30 00:00:00 | Goldman Sachs
2011-10-23 00:00:00

The hunger-makers

How Deutsche Bank, Goldman Sachs and Other Financial Institutions Are Speculating With Food at the Expense of the Poorest
NGO document
2011-10-23 00:00:00 | FoodWatch
2011-08-03 00:00:00

Human Rights Statement

Bank policy
2011-08-03 00:00:00 | Goldman Sachs
2011-05-25 00:00:00

Goldman Sachs Cluster Munitions Investments

Other document
2011-05-25 00:00:00 | Netwerk Vlaanderen & IKV Pax Christi
2010-09-20 00:00:00

Transition to a low-carbon economy

Other bank document
2010-09-20 00:00:00 | Tracy Wolstencroft, the head of GS Environmental Markets Group
2010-04-27 00:00:00

Close the Gap

Benchmarking investment policies of international banks
BankTrack publication
2010-04-27 00:00:00 | BankTrack
2010-04-01 00:00:00

Goldman Sachs cluster munitions investments

Other document
2010-04-01 00:00:00 | Netwerk Vlaanderen, IKV PAX Christi
2010-02-26 00:00:00

Crossing the Rubicon: our investment framework for the next decade

Other bank document
2010-02-26 00:00:00 | Goldman Sachs
2009-10-01 00:00:00

Goldman Sachs cluster munitions financing

Other document
2009-10-01 00:00:00 | Netwerk Vlaanderen et. al.
2009-10-01 00:00:00

Worldwide investments in CLUSTER MUNITIONS, a shared responsibility

NGO document
2009-10-01 00:00:00 | Netwerk Vlaanderen, et. al.
2008-11-05 00:00:00

Aandelen in klimaatverandering / Shares in climate change (in Dutch, with English summary)

NGO document
2008-11-05 00:00:00 | Milieudefensie
2008-01-11 00:00:00

Profiles of U.S. Banks

NGO document
2008-01-11 00:00:00 | Ceres
2007-12-20 00:00:00

Alternative energy- a global survey

Other bank document
2007-12-20 00:00:00 | Goldman Sachs
2007-10-24 00:00:00

The biggest cause of climate change: Coal-fired power plants

NGO document
2007-10-24 00:00:00 | Rainforest Action Network (RAN)

Goldman Sachs controversies

EPN assessment of policies against 14 minimum criteria - Goldman Sachs

Environmental Paper Network (EPN) evaluated the policies of 68 major financiers of the pulp and paper industry against 14 absolute minimum criteria that all financial institutions should require their clients, investments and business partners to respect in order to reduce social and environmental risks.

Sustainable Finance Page

Accountability
Grievances
Response tracking

Goldman Sachs does not operate a complaints or grievances channel for individuals or communities that may be adversely affected by the bank's finance.

Stakeholders may raise complaints via the OECD National Contact Points (see OECD Watch guidance).

This page evaluates Goldman Sachs's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
East African Crude Oil Pipeline (March 2021)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank responded stating that it "cannot share details of specific engagements or internal conversations".
Action
0
Out of 1
Rationale for score
There is no evidence that the bank has engaged with its client regarding the adverse human rights impact requiring them to take action or details on whether the bank itself took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored measures taken by its client to address the impacts associated with the project.
Myanmar: Equity exposure to companies linked to the military regime (October 2021)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank responded, noting that it was in fact not exposed to one company recorded in the research, Bharat Electronics, and confirming that the data source used had been engaged and confirmed and addressed the error. However the bank did not comment on the exposure our research indentified to 16 other companies with ties to the Myanmar junta.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or investee companies or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information available about whether the bank monitored progress.
More info
New bank links to Myanmar junta and atrocities found, July 28, 2021
UN human rights complaint regarding Saudi Aramco and its financiers (July 2023)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank did not respond.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored progress.
More info
, ClientEarth, UN warns Aramco and its financiers over their role in driving climate-fuelled human rights violations, June 2023
ArcelorMittal steel impacts (June 2024)
0
0
0
n/a
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank's confirms that the information has been shared with relevant departments, but the response neither acknowledges its link to the impact, nor ArcelorMittal.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
n/a
Rationale for score
The impact was not raised over a year ago and therefore is not scored on monitoring progress.
More info
See the summary of bank responses here. See this bank's response here.

Average
75%
0
0
0
0
Banks and Climate

Banks and Climate

The 2024 Banking on Climate Chaos report showed that Goldman Sachs provided US$ 184.927 Billion in financing to the fossil fuel industry between 2016 and 2023. In 2023 only, Goldman Sachs provided US$ 9.33 Billion for oil, gas and coal companies expanding fossil fuels. Find further details on Goldman Sachs fossil fuel portfolio and how it compares to other large banks globally on Fossil Banks No Thanks and in the Banking on Climate Chaos report.

Fossil fuel finance data Goldman Sachs

Banking on Climate Chaos fossil fuel finance data

Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of Goldman Sachs’ fossil fuel policy below.

Assessment of Goldman Sachs coal policy in the Coal Policy Tool

Assessment of Goldman Sachs oil and gas policy in the Oil and Gas Policy Tracker

Banks and Human Rights

Banks and Human Rights

BankTrack assessed Goldman Sachs in its 2024 Global Human Rights Benchmark, where it achieved 4 points out of 15 and was ranked as a “follower”.

The bank scored 0.5 out of 3 points on the new “specific rights indicators”, which assess how banks address human rights defenders, Indigenous Peoples’ right to Free, Prior and Informed Consent and environmental rights in their policies and practices.

In addition, Goldman Sachs scored 0 out of 3 on how it responds to alleged human rights violations linked to its finance, which were raised by civil society organisations. More information is detailed in the “Accountability” section of this profile.

The BankTrack Human Rights Benchmark

The table below shows BankTrack's assessment of how Goldman Sachs has implemented the UN Guiding Principles on Business and Human Rights. Please click on 'expand all details' and 'explanation' for further information on the methodology.

Our policy assessments are always a work in progress. We very much welcome any feedback, especially from banks included in the assessments. Please get in touch at humanrights@banktrack.org.

Global Human Rights Benchmark 2022

BankLast update
Country
Score
Ranking
Details
Goldman Sachs
USA
2.5
Laggard 2.5
0
United States
Score
Laggard
2.5
Explanation

Goldman Sachs's human rights policies, processes and reporting were assessed as part of the BankTrack Global Human Rights Benchmark 2022. The bank is assessed as a Laggard, with a total score of 2.5 out of 14.

Policy: 1.5/3
Due dilligence: 1/5
Reporting: 0/3
Remedy: 0/3


Response Tracking:
The bank was also assessed on its responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations, for which it received an average score of 0/3. See the Response Tracking section of this profile for more details.

Explanation
Laggard
Follower
Front runner
Leader
0 - 3 points
3.5 - 6.5 points
7 - 10 points
10.5 - 14 points
For more details see this page.

Global Human Rights Benchmark 2024

BankLast update
Country
Score
Ranking
Details
Goldman Sachs
USA
4
Follower 4
0
United States
Score
Follower
4
Explanation

Goldman Sachs's human rights policies, processes and reporting were assessed as part of the BankTrack Global Human Rights Benchmark 2024. The bank is assessed as a , with a total score of 4 out of 15.

Policy: 1.5/3
Due dilligence: 1.5/5
Reporting: 1/4
Remedy: 0/3

Specific rights: 0.5/3

Response Tracking:
The bank was also assessed on its responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations, for which it received an average score of 0/3. See the Response Tracking section of this profile for more details.

Explanation
Laggard
Follower
Moderate achiever
Leader
0 - 3 points
3.5 - 7 points
7.5 - 10.5 points
11 - 15 points
For more details see this page.
Banks and Nature

Banks and Nature

Goldman Sach’s policies for forest-risk sectors (beef, soy, palm oil, pulp and paper, rubber and timber) have been assessed by the Forests & Finance coalition, achieving an overall score of  5.1 out of 10 and ranking it as a front runner. Goldman Sach achieved a score of 1.2 out of 10 specifically for its policies related to the beef sector and 6.1 out of 10 for its policies related to the palm oil sector.  In addition, BankTrack and the Environmental Paper Network have assessed Goldman Sachs’s policies related to the pulp and paper sector.

Between 2016 and 2022, Goldman provided USD 753 million in credit to companies operating in these forest-risk sectors and held investments amounting to USD 80 million as of 2022. For more information, see the links below.

Forests & Finance

Banks and beef

Banks and palm oil

Banks and pulp & paper

Forest & Finance Policy Assessment 2022: Overall scores

BankLast update
Country
Score
Ranking
Details
Goldman Sachs
2022-09-21
USA
5.1
Front runner 5.1
0
United States
Profile
Score
Front runner
5.1
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Goldman Sachs' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Goldman Sachs' profile.

Explanation

A bank can obtain a total of 10 points for the quality of its policies. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Forest & Finance Policy Assessment 2022: Beef

BankLast update
Country
Score
Ranking
Details
Goldman Sachs
2022-09-21
USA
1.2
Follower 1.2
0
United States
Profile
Score
Follower
1.2
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Goldman Sachs' profile.

Explanation

A bank can obtain a total of 10 points for the quality of its beef policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Forest & Finance Policy Assessment 2022: Palm Oil

BankLast update
Country
Score
Ranking
Details
Goldman Sachs
2022-09-21
USA
6.1
Front runner 6.1
0
United States
Profile
Score
Front runner
6.1
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to palm oil. Weighted scores are based on the scope of ABN AMRO's relevant policies, taking into account what types and how much finance the bank provides to companies active in the palm oil industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Goldman Sachs' profile.

Explanation

A bank can obtain a total of 10 points for the quality of its palm oil policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.
Tracking the NZBA

Tracking the Net Zero Banking Alliance

Goldman Sachs left the Net Zero Banking Alliance (NZBA) on 6 December 2024. Before that, as a NZBA member it had committed to reduce its financed emissions to net zero by 2050; within 18 months of joining the alliance set interim targets for 2030 (or sooner) for high emission priority sectors, and within 36 months set further sector targets; set new intermediary targets every 5 years from 2030 onwards; annually publish data on emissions and progress against a transition strategy including climate-related sectoral policies; and take a robust approach to the role of offsets in transition plans. BankTrack will keep track of Goldman Sachs and other ex-NZBA member banks' climate action in a specific section of the NZBA tracker. 

 

Tracking NZBA banks commitments

Banks and Russia

Banks and Russian Aggression in Ukraine

BankTrack is keeping track of the public response of Goldman Sachs to Russia's illegal invasion of Ukraine. Goldman Sachs has publicly condemned the war. Goldman Sachs is considered by Leave-Russia.org to be "suspending" its operations in Russia. We consider its exposure to Russia as limited, with over $650m of financial assets. Goldman Sachs supports the Russian fossil fuel industry through investments, loans and underwriting. For further details, see the table linked below.

Bank responses to Russia's invasion of Ukraine

Banks and Steel

Banks and Steel

Partner organisation Reclaim Finance’s 2023 report on metallurgical coal financing showed that Goldman Sachs provided US$ 3.8 billion in loans and underwriting to developers of new metallurgical coal between 2016 and 2022. Find further details on Goldman Sachs’s metallurgical coal financing and and how it compares to other large banks globally in the report.

Reclaim Finance tracks the metallurgical coal policies of financial institutions, including banks, in their Coal Policy Tool. BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of Goldman Sachs’s metallurgical coal policy below.

According to a report by Reclaim Finance, between 2016 and June 2023, Goldman Sachs provided $11.5 billion in finance to the fossil-steel industry, making it the 5th largest financier worldwide. Find further details on Goldman Sachs steel financing and how it compares to other large banks globally in the report. 

Metallurgical Coal Financing: Time to call it off 2023

Coal policy tool

Steeling our future: The banks propping up coal-based steel

Good Moves

Good moves

Year:

2020

Following Goldman Sachs and JPMorgan Chase announcements, Wells Fargo rejects funding for Arctic drilling

Wells Fargo has released an update to its environmental policy ruling out funding for oil and gas projects in the Arctic region, including the Arctic National Wildlife Refuge. The update does not make improvements to the bank’s other oil and gas financing policies. The 2019 Banking on Climate Change report…

2019

Goldman Sachs adopts strongest fossil finance policy by a major US Bank

Today, Goldman Sachs announced the strongest fossil finance restrictions of any major U.S. bank, though it still lags behind its leading global competitors. It also remains far from alignment with what is needed to limit climate change to 1.5 degrees Celsius. Goldman Sachs has ruled out direct finance for new or expanding…

2015

Climate breakthrough as string of banks dump coal financing

In May, Bank of America and Crédit Agricole became the first major banks to announce plans to stop financing coal mining. These announcements marked a hugely significant win and a breakthrough moment in the fight to end financing for the coal industry. The second half of 2015, in the run-up to the…

2014

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…

2013

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…
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