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CLIMATE TRANSITION Accelerating Innovation The level of e昀昀ort required to enact While we know that driving change in the short term is a systemic change extends beyond any critical input to mitigating the impact of a changing climate, we also take an expansive view — leveraging our resources one business, organization, government, and 昀椀nancial expertise to help scale emerging innovation NGO, or individual. We must work across sectors that will be critical to driving economy- wide decarbonization e昀昀orts. We support companies that together, using our respective insights, face unique transition-related challenges today, while also innovation potential, and perspectives to supporting emerging markets and sectors that are evolving connect points of leverage so that we’re the way business will be done in the future. collectively driving real and meaningful shifts at the system level. Sustainability Report 2021 Climate Transition | Accelerating Innovation 27

Goldman Sachs sustainability report - Page 27 Goldman Sachs sustainability report Page 26 Page 28