Goldman Sachs Group, Inc. — Ethics Grade C-

Goldman Sachs Group, Inc. receives an overall ethics grade of C- (38/100) on CancelCo's corporate accountability database. Sector: Financial Services. Market cap: Large Cap.

Category scores

• labor: 50
• privacy: 55
• consumer: 25
• environment: 30
• humanRights: 40

Documented incidents (2)

• 1MDB scandal (high, 2020) — Paid $2.9B to settle charges for its role in the 1MDB Malaysian corruption scandal that embezzled $4.5B from a sovereign fund.
• ESG fund greenwashing (medium, 2022) — SEC fined Goldman $4M for ESG investment fund failures, not following stated ESG criteria in portfolio construction.

Documented good deeds

• 10,000 Small Businesses program — Invested $750M to provide education and capital to small business owners. 13,000+ graduates.

Ethical alternatives

• Triodos Bank — Transparent ethical bank. Only finances sustainable enterprises. Full loan book disclosure.