- High dependence on fossil fuels for global energy needs (over 80%).
- Rising energy demand and geopolitical conflicts impacting energy security and affordability.
- High inflation increasing input costs and complicating supply chains.
- Potential doubling of electricity consumption from data centers, generative AI, and cryptocurrencies by 2026.
- Scrutiny of sustainability commitments and divergence in client preferences and regulatory approaches.
The Goldman Sachs Group, Inc.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, The Goldman Sachs Group, Inc. disclosed greenhouse gas emissions of 23.1K tCO2e/year (Scope 1 & 2 market) + 79915 tCO2e/year (Scope 3 Category 6). By scope: Scope 1: 13.8K tCO2e/year; Scope 2: 164.4K tCO2e/year (location and market); Scope 3: 79.9K tCO2e/year (Category 6). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
23.1K tCO2e/year (Scope 1 & 2 market) + 79915 tCO2e/year (Scope 3 Category 6)
2023
Renewable Energy
100% (electricity)
of total energy
Water Usage
918.5K m3/year
2023
Waste
2.7K tons/year (business waste)
2023
Energy Use
493.5K MWh/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 13.8K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 164.4K tCO2e/year (location and market) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 79.9K tCO2e/year (Category 6) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 23.1K tCO2e/year (Scope 1 & 2 market) + 79915 tCO2e/year (Scope 3 Category 6) |
| 2022 | 24.5K tCO2e (market scope 1 & 2) |
| 2021 | 46.1K tCO2e/year (Scopes 1 & 2 (market) and Scope 3: Category 6) |
| 2019 | 157.3K tCO2e (net) |
| 2015 | 382.0K tCO2e |
| 2014 | 254.3K tCO2e/year (Scope 1 & 2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Achieved approximately $302 billion in Climate Transition commercial activity since 2019.
- Reduced energy use intensity for offices by 42% from the 2017 baseline.
- Reduced global water withdrawal by 11% from the 2017 baseline.
- Reduced global business waste by 40% from the 2017 baseline.
- Sourced renewable electricity equivalent to 100% of global electricity consumption.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Achieve net zero emissions by 2030 in operations and supply chain.
📅 Medium-term
- Achieve 2030 sectoral targets in Energy, Power, and Auto Manufacturing (specific targets detailed in report).
- Spend $1.5 billion with small and diverse vendors globally between 2023 and 2025.
🔭 Long-term
- Align financing activities with a net zero by 2050 pathway.
🌱 ESG Focus Areas
Climate TransitionInclusive Growth