INCLUSIVE GROWTH 4 Power of Data Nova Credit Nova Credit, a portfolio company of a 昀椀rm with whom clients Data can help to provide critical information to of Imprint have invested, is a borderless credit bureau that not only identify 昀椀nancing and knowledge gaps in helps newcomers to the US apply for 昀椀nancial services using need of further investment but also to empower their international credit histories from countries that include companies and their customers to make informed Australia, Brazil, Canada, India, Mexico, Nigeria, South Korea, and the UK. Historically, American underwriters have been decisions and act on new insights. unable to access international credit data, thus rendering newcomers to the US “credit invisible” upon arrival, which Esusu often prevents them from accomplishing basic tasks, such as Esusu, a leading 昀椀nancial technology company, reports securing an apartment lease, cell phone plan, credit card, or on-time rental payments data to credit bureaus on behalf of student loan. landlords, with the aim of helping renters access a meaningful credit-building opportunity. Our partnership began in 2019, JUST Muni Racial Equity Framework when we funded a pilot rent-reporting program implemented In an e昀昀ort to evaluate more municipalities for racial equity by Esusu and the Credit Builders Alliance demonstrating practices, Goldman Sachs joined JUST Capital to develop how rent reporting can improve credit scores. In 2021, we a municipal racial equity engagement framework. Goldman expanded our partnership, extending Esusu’s rent-reporting Sachs and JUST Capital, along with BlackRock, Lord Abbett, data opportunity to thousands of residents in Goldman Sachs Morgan Stanley Investment Management, and Vanguard, properties nationwide. worked together to initiate an open, constructive, and voluntary dialogue with municipal issuers on critical issues surrounding racial equity and inclusion. The framework’s long-term goal is to build a broad partnership that includes “Credit is the building block of 昀椀nancial stability, municipal issuers, asset managers, and underwriters and opportunity, and resiliency in this country. Esusu improves transparency in a segment of the market where and Goldman Sachs are working together to help disclosure has been historically limited. renters access the same credit-building bene昀椀ts that homeowners have utilized for generations. Leveraging Machine Learning to Determine This partnership, our 昀椀rst with a major 昀椀nancial Long-term Growth institution, is groundbreaking for us because We believe that companies that can e昀昀ectively attract, we can scale across the Goldman Sachs real deploy, and retain high-quality employees are better estate investment portfolio and its extensive positioned for long-term growth. Our Quantitative Equity housing footprint while advocating for our shared business deploys Natural Language Processing (NLP) commitment to removing systemic housing techniques to extract insights from the written portions of inequalities that negatively impact the 昀椀nancial well- employee reviews on Glassdoor, in addition to analyzing the being of under-resourced communities.” numerical ratings. Our NLP algorithms treat each word, or set of words, in a review as a unique variable and then seek to identify which variables are best distinguished between ABBEY WEMIMO AND SAMIR GOEL positive and negative reviews. This approach enables us to Co-founders, Esusu use employee satisfaction data to determine the long-term growth potential of a business. Sustainability Report 2021 Inclusive Growth | De昀椀ning and Executing on Our Strategy 69