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CLIMATE -RELATED RISKS & OPPORTUNITIES

Goldman Sachs 2019 TCFD ReportCLIMATE -RELATED RISKS & OPPORTUNITIESG oldman Sachs 2019 TCFD Report203 INTRODUCTION04 GOVERNANCE07 STRATEGY ADVANCING THE OPPORTUNITY 07 LEVERAGING THE BREADTH OF OUR BUSINESSES 09 PUBLIC POLICY AND INDUSTRY ENGAGEMENT 09 OPERATIONAL BEST PRACTICES10 RISK MANAGEMENT 11 CLIMATE -RISK SCENARIO ANALYSIS 12 COMPREHENSIVE RISK MANAGEMENT APPROACH14 METRICS AND TARGETS17 THE PATH FORWARDCONTENTSG oldman Sachs 2019 TCFD Report3 Introduction At Goldman Sachs, we have long recognized the urgency of CLIMATE change and have worked to harness market solutions to help address the challenge. We also believe in the importance of providing greater transparency on our approach to managing CLIMATE -RELATED RISKS and OPPORTUNITIES across our business and operations.

Climate change risks and opportunities are integrated across relevant areas of our businesses. As part of their responsibilities, the following three divisions/functions play a specific role in managing climate-related risks and opportunities and ensuring that we continue to advance our insights and expertise.

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  Risks, Opportunities, Managing

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