A Report on Sustainability Implementation at Goldman Sachs

This report provides an in-depth analysis of sustainability within the context of business, focusing specifically on Goldman Sachs. It explores the importance of sustainability for organizational success, including competitive advantage, cost reduction, and improved reputation. The report discusses key concepts such as the triple bottom line, cradle-to-cradle design, and Sustainable Development Goals (SDGs). It identifies barriers to achieving sustainability, such as lack of experience, insufficient resources, divergent priorities, and failures in technology innovation. Furthermore, the report outlines sustainability strategies for Goldman Sachs, including addressing climate change, utilizing green bonds, and creating circular business models. It also touches upon the Osterwalder business canvas model. The conclusion emphasizes the importance of sustainability for businesses to improve operating outcomes and create a positive societal impact, suggesting that companies should train their employees to understand and contribute to organizational sustainability.

Sustainability in business

Table of content
INTRODUCTION
MAIN BODY
Key findings
CONCLUSION
REFERENCES
APPENDIX

In organisation, management is mainly concerned with
the sustainability that help them to prioritize
resources allocation and set goals. Sustainability
within private enterprise level ca first be thought of
the primarily in term of the financial sustainability-
which is ability of these private companies to
generate cash flow and profit in order to sustain the
business operation. Sustainable organisations strive
to enhance their net social contribution by managing
environmental and social risk.
INTRODUCTION

Suppliers of the Goldman Sachs include small
and diverse vendor at world wide as it
purchase the goods and services worth around
$265 million from these diverse and small
businesses. As part of company's overall
sustainability program, their vendor diversity
program breaks down the barriers to market
access for diverse and small enterprise to
unlock the commercial opportunities with the
Goldman Sachs.
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Ethical initiatives- They have applied
highest ethical standards to their wok.
Their reputation and future of firm,
rely on their collective commitment to
create value and driving result very
honestly along with integrity.
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Goldman Sachs is an American
multinational financial service
company and investment bank. Its
headquarter is situated in the New
York city. This company was founded
by the Marcus Goldman and Samuel
Sachs. Since respective firm has
began in the 1869 as a family
business, it become leader within the
field of the investing.
Background of chosen business and
importance of the sustainability

According to R Lozano - 2018, Beyond helping the
curb global challenges, the sustainability can
drive success of a business. Nowadays, mostly
investors uses the social, environmental,, and
governance metrics in order to analyze the
organizational sustainable practices (Telford,
2019). Therefore, in relation to the Goldman
Sachs, there are some importance of the
sustainability which are mentioned here,
Importance of the sustainability

 Provide competitive advantage- The sustainability does not detract from
organizational objectives and infusing a company with the purpose that
can help in attract a skilled and motivated workforce that drive the
financial success.
 Reduce cost- Greening a business taken initial investment, but after,
company will save money by prioritizing the sustainability.
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 Improve business reputation- In a
business, reputation management is related
to the Establishment of good image by
aligning messages with the actions. Among
various reputable organizations for the
corporate social responsibility, Goldman
Sachs also come in this list as it is also
practice to bring sustainability in its
organization.
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This concept posits firms must commit to
measuring their environmental and social
impact-in addition to company's financial
performance- rather than a solely
focusing on making profit and standard
bottom line. This can be broken down
into three Ps which are mentioned below:
◦ Profit
◦ People
◦ Planet
Triple bottom line

C2C is about seeing the garbage as eternal resources and doing right things from
beginning. It require the product to be designed that ensure that all the material
can be classified into one of the two cyclical system which are mentioned below;
 Biological cycle
 Technology cycle
In relation to Goldman Sachs, its cradle to cradle goals include
 Material re utilization
 Water efficiency
 Social
 responsibilities
Cradle to Cradle

 It is defined as Sustainable Development Goals, these are a universe call to action
to end the poverty, save the planet and also ensure that people enjoy prosperity and
peace (Georgopoulos and Kaldis, 2019). In relation to Goldman Sachs,
sustainable finance is a process of taking the social and environmental governance
considerations into account when making the investment decision within financial
sectors, leading to a more long term investment in a sustainable economic project
and activities.
SDG's