12 Sustainability Report 2021 Introduction INTRODUCTION Building on Our Work Over the Past 20 Years 2001 Launched our Urban Investment Group 2005 One of the first US banks to develop an Environmental Policy Framework 2007 Launched GS SUSTAIN, which incorporates ESG criteria into the fundamental analysis of companies to identify long-term outperformers 2014 Expanded green bond market — first century green bond, first green energy market securitization, first Latin America renewable project green bond 2018 Committed to 50% global talent represented by women 2020 Met many of our five-year operational sustainability goals early; inaugurated Launch With GS Black and Latinx Cohort 2008 Launched 10,000 Women initiative 2009 Launched 10,000 Small Businesses initiative; committed to achieving carbon neutrality in our operations by 2020 (achieved in 2015) 2012 Inaugural clean energy financing and investment target set 2015 First of our peers to reach carbon neutrality; set new five year operational impact goals for 2020 2019 Established our Sustainable Finance Group; announced $750 billion by 2030 sustainable finance commitment; set 2025 operational goals 2021 / Year-to-date 2022 • Launched One Million Black Women initiative • Issued $800 million inaugural Goldman Sachs Sustainability Bond • Facilitated more than 50 diverse board placements at client organizations • Deployed over $12 billion through our Urban Investment Group since inception • Committed to align our business with a net zero by 2050 pathway and shared our roadmap for progress