CLIMATE TRANSITION Energy: Eni Italian multinational energy company Eni — considered one of the major global energy players — was the 昀椀rst major energy business to publish a Sustainability-Linked Financing Framework, a昀케rming its commitment to being fully carbon neutral by 2050 and tying those goals to its 昀椀nancing activity. As joint sustainability structuring agent and joint bookrunner, Goldman Sachs 昀椀nanced the 昀椀rst-ever energy SLB for the company as part of its €1 billion, seven-year commitment. Power: Enel Working with Enel, the global energy company and Europe’s largest utility company by market capitalization, provides us with an opportunity to think bigger about driving sustainable global outcomes. In 2020, Goldman Sachs worked with Enel to issue the 昀椀rst bond linked to the UN’s Sustainable Development Goals. Building on that work in 2021, we acted as an active bookrunner on the largest-to-date SLB issuance to help the organization accelerate its sustainability goals. We continue to work with Enel as it builds toward a full range of KPI-linked transactions to help align various 昀椀nancing e昀昀orts and activities with its broader sustainability objectives. Vistra Vistra is an integrated electric power generation and retail company with a diversi昀椀ed generation portfolio, serving more than four million residential, commercial, and industrial customers. By 2030, the company expects to have approximately 90% of its generation capacity comprised of low-to-no carbon-emitting resources. In 2021, we supported the company’s ambition by serving as left lead bookrunner on a $1 billion 7.00% Green Perpetual Preferred Stock o昀昀ering, the 昀椀rst-ever green perpetual preferred stock issuance for a US corporation. This instrument provides Vistra with capital that achieves rating agency equity credit, and the proceeds will be invested toward a range of sustainability initiatives, including its Vistra Zero zero-carbon generation portfolio. Sustainability Report 2021 Climate Transition | Driving Transition 21