22 Sustainability Report 2021 Climate Transition | Driving Transition Driving ESG Product Innovation Through Transaction Banking We aim to build a smarter and greener treasury — and by partnering with our clients, we support both their sustainability objectives and our own. Our Transaction Banking Services team introduced an innovative product that links yield to ESG goals — complementing our existing suite of ESG-related finance solutions. Xylem Xylem, a leading water technology company, aims to use 100% process water recycling at all major facilities by 2025. Our Transaction Banking team launched a new ESG-linked Demand Deposit Account — the first of its kind in this space. By linking the yield Xylem earns on its deposits to this recycling goal, the solution encourages the company to focus on its sustainability targets and drive positive outcomes with even broader impact. Advancing Toward a Lower- carbon Future Replacing fossil fuels with lower-carbon alternatives has the potential to make a significant impact on both emissions and energy resource stability. Biofuels, which are widely viewed as low- emitting assets, can help meet increasing energy needs globally. Goldman Sachs has supported a number of transactions geared toward expanding capacity and driving innovation across biofuels development. Restaurant Technologies Innovative, sustainable culinary products and processes have moved to the forefront of the restaurant industry, a prime example being the renewable diesel produced from cooking oil. When Restaurant Technologies — the leading provider of cooking oil management and back-of-house hood- and exhaust-cleaning solutions — was set to have a portion of its business acquired by ECP, Goldman Sachs served as financial advisor to Restaurant Technologies and helped the company with positioning the used cooking oil (UCO) portion of its business within the renewable diesel feedstock market landscape. This helped ensure Restaurant Technologies could create an ESG-friendly process of providing recycled cooking oil for its customers. CLIMATE TRANSITION