Goldman Sachs GS SUSTAIN: ESG of the Future Exhibit 13: Emissions intensities for publicly listed corporates based on our revenue-allocation method are higher in emerging markets Publicly traded company Scope 1+2 emissions intensities, tons of CO2 per $ of revenue allocated to country of sales, 2019. Sorted from highest (left) to lowest (right); domestic emissions intensity reflects in-country emissions intensity from companies headquartered in-country -- 1,600 nue Developing Economies e 1,400 Developed Economies of rev Domestic emission intensity n 1,200 m 1,000 erage v tonCO2 per $ A800 , ed ight e 600 IntensityW mission 400 E +2 200 1 Scope 0 l a ae ia a a aia y i nly n d e cabii s sia ceia nd coeyda gal i re tesria c UK nd IndChiland embUAE ilantintralxirwawangiumItandsanyt panand RusonePolChin e Turk Braz Spa gaporm AusalanFranJaIrel h Afri Ara Gre M CanaNoTaiBel erlae Swede t di Ind Coloth KoreThaArgeAus Portu NethSinGed Sta Switzerla SouSau Sou Unit New Ze South Africas domestic emissions intensity is implied at about 1,980 tonCO2 / $ mn Source: Thomson Reuters, FactSet, Bloomberg, Re“nitiv, United Nations, Company data, Goldman Sachs Global Investment Research Overall emissions intensity by country does not fully overlap with corporate emissions intensity by country. When looking at country-level emissions per dollar of GDP, the ranking/positioning of countries is not consistent with those with highest/lowest corporate emissions. As an example, the US and India both have similar levels of overall emissions per dollar of GDP (about the global average) even as Indias corporate emissions intensity is among the highest and the USs corporate