35 Sustainability Report 2021 Climate Transition | Mobilizing Capital Investing for the Future Beyond insights, the global shift to net zero and expansion of more carbon-efficient resources represents an important investment opportunity. We are committed to developing products and solutions that help our clients and investors capitalize on the opportunities presented by these changes. Bloomberg Goldman Sachs Clean Energy Equity Index In February 2021, our Asset Management group and Bloomberg launched a clean energy equity index, building on the strength of our partnership to direct capital and utilize data in the fight against climate change. We jointly recognize the significant global investments necessary for decarbonization — coupled with declining renewable energy costs and ever-increasing technologies for renewable energy. We developed the index using a proprietary approach informed by insights from BloombergNEF (BNEF) analysts, who identify companies that are active and impactful in their respective sectors as well as assess their exposure to clean energy. This data-driven approach selects securities from the broader Bloomberg World Index, based on BNEF estimates of a company’s value attributable to its activities across the clean energy themes of wind energy, energy storage, clean power, networks, digitalization, bioenergy, solar energy, and hydrogen energy. Global Environmental Impact Strategy Goldman Sachs Asset Management has developed an investment product that seeks to keep investors on the right side of disruption by moving beyond backward-looking benchmarks to identify innovative, attractively valued companies aligned with durable secular growth themes. The product in the US focuses on companies that seek to provide solutions to environmental problems aligned with five key themes: clean energy, resource efficiency, sustainable consumption, the circular economy, and water sustainability. Global thematic environmental equity-focused strategies topped $1 billion AUS in 2021. CLIMATE TRANSITION