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Goldman Sachs Group Inc
Goldman Sachs Group's GHG Emissions Data Preview
In 2024, Goldman Sachs Group completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Goldman Sachs Group has also provided a category-level breakdown for 2 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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Verified Sources Behind Goldman Sachs Group’s Greenhouse Gas (GHG) Emissions Data
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Insights into Goldman Sachs Group's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofGoldman Sachs Group amounted to171,484metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Goldman Sachs Groupincreased by 1.5%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
Goldman Sachs Group's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Goldman Sachs Group's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Goldman Sachs Group were 14,447 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Goldman Sachs Group reduced its Scope 1 emissions over time?
Since 2019, Goldman Sachs Group's Scope 1 emissions have increased by 14%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2023), Goldman Sachs Group's Scope 1 emissions increased by 4.37%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
What are Goldman Sachs Group's Scope 2 emissions?
In 2024, Goldman Sachs Group reported Scope 2 greenhouse gas (GHG) emissions of 8,784 tCOâ‚‚e using the market-based method and 157,037 tCOâ‚‚e using the location-based method.a
Has Goldman Sachs Group reduced its Scope 2 emissions over time?
Since 2019, Goldman Sachs Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have remained relatively stable, indicating that Goldman Sachs Group's emissions have plateaued with no significant change in its energy consumption footprint.ab
Compared to the previous year(2023), Goldman Sachs Group's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Goldman Sachs Group's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does Goldman Sachs Group use for Scope 2 reporting?
In 2024, Goldman Sachs Group reported its Scope 2 emissions using the market-based method and using the location-based method.a
Goldman Sachs Group's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Goldman Sachs Group's Value Chain Emissions
In 2024, Goldman Sachs Group reported 101,023,819 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Goldman Sachs Group includes a breakdown across 2of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
Goldman Sachs Group's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Goldman Sachs Group's Scope 3 emissions?
In 2024, Goldman Sachs Group reported total Scope 3 emissions of 101,023,819 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 0.09%of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.91%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has Goldman Sachs Group reduced its Scope 3 emissions over time?
Since 2019, Goldman Sachs Group's Scope 3 emissionshave increased by 74,471.18%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Goldman Sachs Group's Scope 3 emissions increased by 32.35%, suggesting that the company faced challenges in reducing emissions across its value chain.a
What categories of Scope 3 emissions does Goldman Sachs Group disclose?
In 2024, Goldman Sachs Group reported emissions for 2 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Goldman Sachs Group's Scope 3 emissions?
In 2024, the largest contributors to Goldman Sachs Group's Scope 3 emissions were:a
- Investments (Cat. 15): 100,934,138 tCOâ‚‚e(99.91%)
- Business Travel (Cat. 6): 89,681 tCOâ‚‚e(0.09%)
Goldman Sachs Group's Scope 3 Emissions by Categories
Insights into Goldman Sachs Group’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Goldman Sachs Group reported Scope 1 greenhouse gas (GHG) emissions of 14,447 tCOâ‚‚e and total revenues of USD 53,507 millions. This translates into an emissions intensity of 0.27 tCOâ‚‚e per millions USD.a
Goldman Sachs Group's Scope 1 Emissions Intensity Compared to Peers
How does Goldman Sachs Group's GHG emissions intensity compare to its peers?
In 2024, Goldman Sachs Group reported a Scope 1 emissions intensity of 0.27 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.22, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Goldman Sachs Group rank on GHG emissions intensity within its industry?
In 2024, Goldman Sachs Group ranked 14 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Goldman Sachs Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Goldman Sachs Group's Total Carbon Footprint
In 2024, Goldman Sachs Group reported a total carbon footprint of 101,195,303 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 32.28% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Goldman Sachs Group's total carbon footprint was Scope 3 emissions, accounting for 99.83% of the company's total carbon footprint, followed by Scope 2 emissions at 0.16%.a