I was speaking with a representative last week, and I found out that Goldman Sachs, is going green by 2020. I was extremely surprised, to be honest. When big companies/firms/banks have CSR, and environmentally sustainable initiatives, they take extremely long to implement and complete. I went to research further regarding this goal and found out that it was actually projected to finish on time. Key features that are being put into daily operations include; Daylight harvesting which has to do with auto light sensors. Occupancy sensors are one of the biggest advances in technology that have been put into buildings. Sustainable materials are replacing original, wasteful office supply products. Every day, there are new actions taken to transcend the company into an environmentally sustainable name. In particular, Goldman Sachs is extremely historic, and to see a more classic company, take these steps, make me wonder how long it is going to take for newer firms and companies to follow in reducing their own carbon footprint.
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It is really amazing to see that big companies like Goldman Sachs are trying to continue the effort to create a sustainable city. The reality is that in order for sustainability initiatives to be enacted certain corporations have to set a precedent. As an extremely reputable company, Goldman Sachs has an obligation to be set a precedent in regard to sustainability initiatives. It is great to see that Goldman Sachs is taking an initiative to help promote these sustainability efforts. Great work Kay!
I love to hear stories like these, especially when it involves companies as large and influential as an organization like Goldman Sachs! There is always so much more that companies as large (if not larger)than GS can do to expand their impact on environmental and social issues. CSR has the opportunity to drive forward the changes we as a society need, and as customers, love to see. I truly hope GS sets a precedent for other companies to follow and by 2020 we see more than one of the worlds best-known banks contribute to an important wave of change.
https://www.bloomberg.com/news/articles/2019-04-03/sorry-wall-streeters-you-now-need-to-earn-your-patagonia-vests
^ Here is an article about Patagonia (every other Baruch student seem to wear it), which creates the product through its corporate sales program. Recently, they launched an initiative to only supply “mission-driven companies that prioritize the planet”.