Goldman Sachs

New York, New York
Diversified Financials

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk


In July 2022, West Virginia placed Goldman Sachs on its Restricted Financial Institutions List for its “boycott of energy companies” according to its ESG policies and publicly available statements. Goldman Sachs is part of the Global Alliance for Responsible Media, which aims to demonetize advertisements and suppress content that “vilifies” individuals based on sexual orientation and gender identity, discusses "debated social issues in a negative or partisan context" or spreads "hate speech". The company was banned in Texas from doing business with the state for violating Texas' law against boycotting the energy and gun manufacturing industries. Goldman Sachs scored a 100 on the 2023 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, Goldman Sachs increases the risk of dividing employees, alienating customers and harming shareholders. The company provides a benefits package for employees which covers travel/lodging costs for an abortion and transgender medical procedures for covered employees and dependents, including children. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. Goldman Sachs forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. The company has funded Planned Parenthood and is a Bronze sponsor of the HRC. Goldman Sachs pledged $10 million to BLM and related causes. Goldman Sachs is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over traditional shareholder obligations. Goldman Sachs is part of Glasgow's Net Zero Alliance and a signatory of Climate Action 100+. For these reasons, Goldman Sachs receives a High Risk rating.

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Board Bias

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CEO of Goldman Sachs

David Solomon

David Solomon


Headquartered in New York, New York, Goldman Sachs is a member of the Fortune 250 operating in the Diversified Financials industry. David Solomon and David Solomon serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $1,113,275 to Republican causes and $962,761 to Democratic causes. Under their tenure, Goldman Sachs currently holds a 'High Risk' risk rating.

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Political Contributions of Leadership:





Shareholder Proposals

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ESG Category
Summary of ResolutionMgmt RecTotal Vote % in Favor
4/26/23GovernanceJohn CheveddenLobbying ReportAgainst35.30%
4/26/23SocialJames McRitchieReport on Pay EquityAgainst30.10%
4/26/23EnvironmentalMack Street 2016 Trust, care of As You Sow, together with co-filer Debriana Berlin Rev Tr and co-filer United Church FundsReport on Climate Transition PlanningAgainst29.90%
4/26/23GovernanceNational Legal and Policy CenterIndependent Board ChairAgainst16.20%
4/26/23EnvironmentalNew York City ComptrollerDisclosure of 2030 GHG Reduction GoalsAgainst12.90%
4/26/23SocialService Employees International Union Master TrustRacial Equity AuditAgainst11.50%
4/26/23EnvironmentalSierra Club FoundationPolicy to Phase Out Fossil Fuel-Related Lending and UnderwritingAgainst6.80%
4/26/23SocialNational Center for Public Policy ResearchReport on Whether the Company's ETF's in China Align with Human Rights CommitmentsAgainst2.40%
4/28/22GovernanceJohn CheveddenSpecial Meetings - Reduce Ownership Req. to 10%Against39.28%
4/28/22GovernanceNational Legal and Policy CenterRequire Independent Board ChairAgainst15.50%
4/28/22EnvironmentalSierra Club FoundationAdopt a Financing Policy Consistant with IEA's Net-zero Emmissions by 2050Against11.19%
4/28/22SocialNational Center for Public Policy ResearchReport on Charitable ContributionsAgainst3.10%
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