Commitment and Leadership Within our firm and across our broader ecosystem of partners, we have a range of tools designed to advance inclusive growth. However, mobilizing these resources begins with leadership and commitment, which allow us to drive progress in key areas with an aim toward long-term impact. Driving Diversity We identify opportunities with our clients, partners, and companies in which we invest to prioritize diversity among teams, brokers, and boards. Board Diversity Initiative In 2020, we announced that we would take a company public in the US or Western Europe only if it had at least one diverse board member, founded on the belief that diverse leadership at companies leads to stronger performance and better governance. Building on that commitment, we increased this requirement last year to two diverse board members, one of whom must be a woman. We have helped facilitate more than 50 diverse board placements across our clients. Goldman Sachs Asset Management Stewardship Our Global Stewardship Team seeks to promote best practices in ESG and corporate governance at portfolio companies through proxy voting, direct engagement, and industry collaboration. For more information on how Goldman Sachs Asset Management engages with hundreds of companies around the world, please review our Stewardship Report . Promoting Board Diversity We use our voice as shareholders through proxy voting — encouraging greater levels of board diversity at our portfolio companies. Since 2019, we voted against directors at all-male boards in the US, and we are pleased to see that 68% of the 250 companies we voted against in 2019 have since added at least one woman director¹. In 2020, we made our approach global and voted against 898 companies for not having at least one woman director. Twenty-seven percent of these companies now have at least one woman director². In 2021, we updated our US proxy voting policy to consider the composition of boards across race, ethnicity, and sexual orientation, as well as gender, while globally we continued to push for gender representation. We voted against directors at 1,172 companies in 2021 due to lack of board diversity. 5 As part of this initiative, we continue to elevate diverse talent through our networks in the firm, including individuals with relationships across Investment Banking, Private Wealth Management, and Ayco as potential candidates, in addition to external networks. Sustainability Report 2021 Inclusive Growth | Defining and Executing on Our Strategy 1, 2—Figures as of December 31, 2021. 3—McKinsey & Company: “ Closing the tech gender gap through philanthropy and corporate social responsibility .” September 2018. INCLUSIVE GROWTH Trader Interactive In 2017, Goldman Sachs Private Equity group saw an opportunity to support Virginia-based Trader Interactive in its mission to digitalize the search and purchase of non-automobile motor vehicles through its online marketplaces. At this time, Trader Interactive — led by CEO Lori Stacy — was already a diverse company, with 43% of leadership positions held by women (compared to the average 11% in senior leadership roles within technology and media 3 ). Aligned on the importance of diversity in ideas and perspectives, Goldman Sachs has, over the years, advised on recruiting candidates with diverse backgrounds at the executive level, while Trader Interactive prioritized diversity, equity, and inclusion to differentiate their company as the employer of choice and as an innovator in the traditionally male-dominated vehicle and technology sector. By creating an inclusive workplace with 83% diversity at the executive level, Trader Interactive benefits from an engaged employee base — resulting in more stimulating discussions, increased innovation, and less turnover. 70