The Goldman Sachs Group — Ethics Grade D

The Goldman Sachs Group receives an overall ethics grade of D (28/100) on CancelCo's corporate accountability database. Sector: Financial Services. Market cap: Large Cap.

Category scores

• labor: 20
• privacy: 50
• consumer: 30
• environment: 40
• humanRights: 45

Documented incidents (3)

• 1MDB Bribery Scandal (high, 2020) — The bank paid billions to settle charges that its employees bribed foreign officials in Malaysia and Abu Dhabi to secure roles in bond offerings.
• Gender Pay Gap Lawsuit (medium, 2023) — Settled a long-running class-action lawsuit alleging systematic pay and promotion discrimination against female employees.
• Junior Banker Overwork (medium, 2021) — A leaked 'Working Conditions Survey' from junior analysts revealed 100-hour work weeks and 'inhumane' conditions during the pandemic.

Documented good deeds

• Targeted Social Investment — Committed $10 billion in direct investment capital and $100 million in philanthropic support to impact the lives of one million Black women.

Ethical alternatives

• Beneficial State Bank — Committed to community development and fair lending without predatory practices.