The Goldman Sachs Group, Inc. — Ethics Grade F

The Goldman Sachs Group, Inc. receives an overall ethics grade of F (18/100) on CancelCo's corporate accountability database. Sector: Financial Services. Market cap: Large Cap.

Category scores

• labor: 40
• privacy: 40
• consumer: 15
• environment: 30
• humanRights: 45

Documented incidents (3)

• 1MDB Global Bribery (high, 2020) — Paid over $2.9 billion in fines for its role in the looting of the Malaysian state investment fund (1MDB), the largest bribery case in US history.
• Financial Crisis Misconduct (high, 2016) — Settled for $5 billion for misleading investors about the quality of residential mortgage-backed securities sold during the lead-up to the 2008 housing crash.
• Commodity Market Manipulation (medium, 2013) — Accused of hoarding aluminum and zinc in warehouses to drive up prices, artificially inflating costs for consumer products like beer cans.

Documented good deeds

• 10,000 Women Initiative — Global project providing women entrepreneurs with business education, mentoring, and networking opportunities.

Ethical alternatives

• Beneficial State Bank — B-Corp certified bank focused on social equity and environmental restoration.