Goldman Sachs

Goldman Sachs reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 22 Kt (+8.4/+60% y-o-y). Carbon intensity also was up at 0.4 t (+0.1/+33% y-o-y).

Goldman Sachs's Scope 3 emissions was down at 24 Kt (-5.5 /-18.8% y-o-y). The rate of decline has slowed compared to the trend since 4Q'18 (CAGR -35.8%).

The company is committed to reducing Scope 1 + 2 by 50% by 2036 from a base year 2013, which it appears to have already achieved as of 2021. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to achieving net zero for all Scopes by 2030, which translates into the estimated reduction of -5.1 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.