Sustainability Report 2021 Climate Transition | Meeting the Net Zero Challenge in Asia Featured Global Industry Partnerships and Memberships To unlock the financial sector’s full capacity to aid in the global climate transition, participants will need to overcome significant data, analytic, and economic gaps. Addressing these challenges will require significant innovation and coordination across the financial sector — and we are leaning in. OS-Climate Goldman Sachs is the founding US bank member of OS- Climate, a cross-industry coalition and open-source platform for climate data and analytical tools that will be critical for clients to achieve their net zero ambitions. This collaborative nonprofit platform will develop open-data and open-source analytics for climate risk management and climate-aligned finance and investing. We look to contribute our expertise in climate risk, product development, and financial reporting to support better tools to help all companies, asset managers, and investors more consistently and effectively evaluate progress against decarbonization goals. GFANZ Net Zero Banking Alliance The Net Zero Banking Alliance is a UN-sponsored and bank- led platform that develops standards for bank commitments to net zero. As an alliance member, Goldman Sachs remains committed to partnering with our clients, industry peers, and policymakers to deliver in the transition to net zero. Sustainable Markets Initiative (SMI) Launched by Prince Charles at the World Economic Forum in 2020, SMI aims to create global engagement, inspire change, and accelerate investments toward sustainable markets. Flagship initiatives include “Terra Carta,” a charter that provides a roadmap to 2030 for businesses to put nature, people, and the planet at the heart of global value creation driven by the private sector. Last year, Goldman Sachs joined the SMI Financial Services Taskforce, which brings together executives from the world’s largest banks to work on meaningful and actionable plans to help accelerate a global transition to a sustainable future. UN Principles for Responsible Banking The UN Principles for Responsible Banking is a platform for partnering with the financial sector to deliver on the Paris Agreement goals. As a member, Goldman Sachs acknowledges the broad, collaborative industry effort required to address climate change. Using this platform to collaborate with our clients, peers, and broader stakeholders, we are committed to setting business-related climate goals. Rocky Mountain Institute and Center for Climate-Aligned Finance We are a founding partner of the Center for Climate-Aligned Finance, which was established by the RMI in July 2020 to help the financial sector transition the global economy toward a zero carbon, 1.5°C future. With deep partnerships in finance, industry, government, and civil society, the center works to develop decarbonization agreements within high-emitting sectors, build global frameworks for climate alignment, and support financial institutions in decarbonizing their lending and investing. 2021 was also a landmark year for sustainable finance regulation in the US and across the world. As we continue to support our clients as they look to adapt to these developments and also assess potential impacts of public policy on our own business, we engage with policymakers and industry associations on issues of importance to our firm, our clients, and the global communities in which we work. We remain focused on advocating for core principles across issues of importance to us and our clients, including carbon pricing and thoughtful policy, which support the private sector’s role in helping to drive the climate transition. CLIMATE TRANSITION 41