Goldman Sachs Asset Management

Goldman Sachs Asset Management provides investment management and advisory services to a wide range of clients.

CCI Score

2.28

April 18

Latest Event

SEC Charges Goldman Sachs Asset Management for ESG Lapses

Goldman Sachs Asset Management agreed to pay a $4 million fine imposed by the SEC for failing to follow its ESG investment policies, marking a regulatory enforcement action against its commitment to sustainable and socially responsible practices.

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OBJECTOR

Goldman Sachs Asset Management is currently rated as an Objector.

0 to +9 CCI Score

These companies deliberately avoid direct involvement with authoritarian practices. While they do not actively challenge oppressive regimes, they maintain a neutral stance to ensure they are not complicit in supporting such systems.

Latest Events

OCT

01

2023

SEC Charges Goldman Sachs Asset Management for ESG Lapses
-42.82

Goldman Sachs Asset Management agreed to pay a $4 million fine imposed by the SEC for failing to follow its ESG investment policies, marking a regulatory enforcement action against its commitment to sustainable and socially responsible practices.
-50

Business Practices and Ethical Responsibility

March 29

The SEC fine of $4 million for failing to adhere to ESG guidelines undermines Goldman Sachs Asset Management's ethical responsibility and accountability in sustainable investment practices. This violation raises concerns about the company's commitment to environmental, social, and governance standards, which are vital for protecting marginalized communities and promoting equitable business conduct.

SEC charges Goldman Sachs Asset Management with not following ESG investments policies
OCT

01

2023

Goldman Sachs Asset Management Publishes Responsible Sourcing Code
64.23

Goldman Sachs Asset Management detailed its Vendor Code of Conduct outlining expectations for ethical business practices, labor and human rights (including paying living wages and promoting inclusivity), environmental stewardship, and rigorous due diligence to mitigate risks such as modern slavery in its supply chain.
+70

Labor Relations and Human Rights Practices

March 29

The published Vendor Code of Conduct emphasizes fair labor practices, living wages, and inclusive workforce policies, representing a proactive stance on labor relations and protection of human rights in the supply chain.

Responsible Sourcing & Supply Chain Management
+80

Supply Chain Ethics

March 29

The company’s supply chain policy incorporates comprehensive due diligence processes, vendor risk screening, and sustainability measures that ensure vendors adhere to environmental and social standards, reflecting strong ethical sourcing practices.

Responsible Sourcing & Supply Chain Management
APR

21

2023

Statement on Modern Slavery and Human Trafficking
59.38

Goldman Sachs Asset Management released a comprehensive PDF statement outlining the measures taken to assess and mitigate risks of modern slavery and human trafficking throughout its business operations and supply chain. The statement details robust vendor management frameworks, enhanced due diligence, mandatory training for employees, and continuous monitoring efforts to ensure compliance with human rights standards.
+75

Labor Relations and Human Rights Practices

March 29

The statement emphasizes respect for human rights and outlines clear policies, training programs, and proactive measures to protect workers against modern slavery and human trafficking. This reflects a strong commitment to upholding labor rights and ethical business practices.

Statement on Modern Slavery and Human Trafficking
+70

Supply Chain Ethics

March 29

The document provides detailed information on vendor and supply chain management policies designed to prevent unethical sourcing practices, including forced labor and human trafficking. This proactive approach in ethical sourcing and due diligence contributes to positive labor conditions.

Statement on Modern Slavery and Human Trafficking
JAN

01

2023

Goldman Sachs Settles Case Over Alleged Abuse of Intern
-55.63

Goldman Sachs Group Inc. reached a settlement with a former intern who alleged a culture of hazing involving physical violence, embarrassing nicknames, and forced drinking bouts, raising concerns over the company’s labor practices and treatment of young employees.
-70

Labor Relations and Human Rights Practices

March 29

The settlement follows allegations of a toxic work culture characterized by physical violence, demeaning practices, and coercive behavior toward an intern. This reflects poorly on the company's labor relations and human rights practices, particularly in a context where worker protection and dignity are essential.

Goldman Sachs Settles Case Over Alleged Abuse of Intern
JAN

20

2009

Goldman Sachs' Entrenched Political Influence
-13.78

The article details Goldman Sachs’ longstanding revolving door into U.S. political power, describing how former executives have held key roles in multiple administrations—from the Treasury to high-ranking advisory positions—raising concerns about the firm’s undue influence on public policy and democratic accountability.
-70

Executive Political Engagement

March 29

The article outlines how numerous former Goldman Sachs officials have transitioned into influential government roles under different administrations (such as during the Bush and Obama eras). This revolving door arrangement raises significant concerns about corporate interference in public policy and the undermining of transparent political processes.

Does Goldman Sachs Have Too Much Political Influence?