GoldmanSachsEnvironmentalPolicyFramework.PDFVIP

Goldman Sachs Environmental Policy Framework Goldman Sachs Environmental Policy Framework – 2015 Table of Contents Overview 1 Our Business 3 I. Environmental Market Opportunities 3 A. Advisory, Financing, Investing and Market Making 3 B. Goldman Sachs Asset Management 5 C. Global Investment Research 6 D. Center for Environmental Markets 7 II. Environmental and Social Risk Management 9 A. Process and Scope 9 B. Sector Guidelines 10 C. Cross-Sector Guidelines 12 D. Climate Change Guidelines 13 E. Training 14 Our Operations and Our People 15 I. Our Operations 15 A. Corporate Services and Real Estate 15 B. Technology 16 II. Our People 18 Implementation and Governance 19 Goldman Sachs Environmental Policy Framework – 2015 Overview In November 2005, Goldman Sachs established our Environmental Policy Framework, which articulated our belief in the importance of a healthy environment and our commitment to addressing critical environmental issues. At that time, we were one of the first financial institutions to acknowledge the scale and urgency of challenges posed by climate change. In the decade since, we have continued to build upon our commitment to the environment across each of our businesses. See our 10-Year Milestones for highlights of our progress. Our ten-year juncture offers an opportunity to review progress both within Goldman Sachs and broadly across the market, and identify opportunities for us to do more. Our commitment to helping address critical environmental challenges and promoting sustainable economic growth remains unchanged, while our initiatives and pro