Sustainability Report 2021 Inclusive Growth | What to Expect Next 86 BlocPower Founded in 2012, BlocPower is a Black-led, privately held company that partners with utility companies and governments to identify, finance, and upgrade building energy systems in urban areas. Goldman Sachs provided a loan to BlocPower to finance the acquisition and installation of electric heating and cooling systems and expansion of broadband service across multifamily buildings in New York City, specifically focused on low- and moderate-income neighborhoods. In addition to more cost-efficient and energy-efficient heating and cooling systems, residents in the buildings BlocPower retrofits will benefit from improved air quality and increased temperature control. The retrofits are also expected to help BlocPower customers avoid fines related to limits on greenhouse gas emissions, including those produced by on-site fuel combustion of oil and gas boilers. PosiGen PosiGen, a portfolio company of a firm with whom clients of Imprint have invested in the past, is a provider of renewable energy and efficiency solutions for low- to moderate-income families. PosiGen’s solutions include solar rooftop photovoltaic (PV) and energy efficiency upgrades, such as duct sealing, CFL light bulbs, and programmable thermostats, among others. PosiGen also provides education programs for homeowners that are aimed at reducing overall energy spend. Rooftop solar and other sustainable technologies have had lower relative rates of penetration for these families, given high up-front costs and perceived financing risks for a lower-income population. PosiGen employs proprietary methods to underwrite creditworthiness instead of adhering to a FICO score cutoff, which may help the company provide its products to more households than would receive them under traditional credit writing. Los Angeles Clippers Goldman Sachs led the financing for the Los Angeles Clippers’ arena, the Intuit Dome. The project will fund social and environmental programs in the City of Inglewood, including a $100 million Community Benefits Package as part of the Arena Development Agreement. The project will provide funds for affordable housing, first-time renters’ assistance, emergency support, capacity building for housing-focused nonprofits. Additional funds will go toward the installation of 1,000 electric charging units in the city, and the arena is being built to be fully electrified and operates a zero-waste program using composting and recycling technologies. INCLUSIVE GROWTH We expect that our work to support an inclusive transition, in partnership with our clients, the public sector, and broader stakeholders, will continue to be an important area of focus for our firm as we look forward. As we look toward the future, we also look to learn from our recent experience deploying capital and financing solutions for companies that are driving progress toward both inclusive growth and climate-related goals.