53 Sustainability Report 2021 Inclusive Growth | Introduction Launch With GS Acting on data to expand business opportunities We believe the evidence that diversity is good for business is clear, yet only a small percentage of US venture capital goes to diverse teams. Our $1 billion investment strategy, Launch With GS , aims to increase access to capital and facilitate connections for women, Black, Latinx, and other diverse entrepreneurs and investors. Board Diversity Commitment Driving action through our firm In 2020, we committed to ensuring every company we take public in the US or Western Europe includes at least one diverse board member. Last year, we increased the requirement to two diverse board members, specifying that one must be a woman. We have also helped facilitate more than 50 diverse board placements across our clients. Additionally, we have welcomed a third cohort of our Spotlight initiative, which provides a platform as well as exposure and networking opportunities to a select group of talented, diverse board candidates who have not yet served on public boards — providing them with ease of entry to corporate board service. We are also focused on board diversity within Asset Management, where we have influence on the companies in our portfolios. On the public side, our Global Stewardship team promotes greater levels of board diversity through selected proxy voting rules we have established. On the private side, we have improved board diversity across all of our companies we invest in and achieved our 2020 goal to have a diverse director on 100% of controlled portfolio company boards (those where Asset Management owns 50% or greater of the company). In 2021, we made substantial progress on the private side through our requirements that any portfolio company that goes public and any new controlled portfolio company must have two diverse board members, and that a substantial majority of non-controlled portfolio companies have board-level diversity. 10,000 Women and 10,000 Small Businesses Matching the power of capital with philanthropy to maximize impact In 2008, Goldman Sachs launched 10,000 Women — a global initiative that provides thousands of underserved women entrepreneurs around the world with business and management education. To date, 10,000 Women has supported more than 150,000 women from around the world through a network of 100 academic and nonprofit partners and coaching with Goldman Sachs employees. In 2014, in partnership with the International Finance Corporation (IFC), 10,000 Women launched the Women Entrepreneurs Opportunity Facility (WEOF), a first-of-its-kind global facility dedicated exclusively to expanding access to finance for Small and Medium Enterprises (SMEs) managed by women in developing countries. To date, we have reached over 144,000 women entrepreneurs across 42 markets and have mobilized $2.1 billion. Building on the success of 10,000 Women , in 2010, Goldman Sachs launched 10,000 Small Businesses, a program designed to provide entrepreneurs with business education, access capital, and support services. To date, over 12,350 small businesses have graduated from the education program, and over 37,000 have accessed over $1.6 billion in lending capital through our investments in Community Development Financial Institutions (CDFIs). 10,000 Small Businesses expanded to the United Kingdom in 2010 and to France in 2020, serving over 2,000 entrepreneurs across both countries to date. INCLUSIVE GROWTH