Mission Statement, Vision, & Core Values (2024) of The Goldman Sachs Group, Inc. PFD 1/1000 C.

An Overview of The Goldman Sachs Group, Inc. PFD 1/1000 C

General Summary of The Goldman Sachs Group, Inc.

The Goldman Sachs Group, Inc., founded in 1869, is a leading global investment banking, securities, and investment management firm. Headquartered in New York City, Goldman Sachs has a significant presence in major financial centers worldwide. The company operates through four main business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management.

As of 2024, Goldman Sachs reported approximately $56.9 billion in total net revenues, showcasing continued strength in its various service offerings. The firm’s diverse range of products includes investment banking advisory services, underwriting securities, asset management services, and wealth management for individuals and institutions.

Company's Financial Performance in the Latest Financial Reports

In its most recent earnings report for Q3 2024, Goldman Sachs reported a record-breaking revenue of $12.6 billion, marking a 15% increase year-on-year. This growth was largely fueled by robust performance in the Global Markets segment, which generated $7.2 billion, supported by strong trading volumes in equities and fixed income.

The company also highlighted strong results in Investment Banking, which achieved revenues of $2.5 billion, reflecting a healthy number of completed mergers and acquisitions and strong underwriting activity. The Asset Management segment contributed $3.1 billion, bolstered by increased assets under management (AUM), which reached $2 trillion.

Introduction to Company as a Leader in the Industry

Goldman Sachs is recognized as one of the leaders in the investment banking industry, consistently ranking among the top firms globally in various financial metrics. In 2024, the company was ranked 1st in global M&A advisory by revenue, completing deals valued at approximately $350 billion.

The firm’s strategy emphasizes innovation and client service, leading to sustained competitive advantages. With its extensive global network and deep expertise across sectors, Goldman Sachs continues to attract high-profile clients and significant transaction volume. This performance underlines why Goldman Sachs remains a cornerstone of the financial services industry.

To understand more about Goldman Sachs’ successful strategies and performance, further exploration into their mission statement, vision, and core values is recommended.

Mission Statement of The Goldman Sachs Group, Inc. PFD 1/1000 C

Mission Statement of The Goldman Sachs Group, Inc.

The mission statement of The Goldman Sachs Group, Inc. underscores its commitment to delivering innovative financial solutions, fostering strong client relationships, and maintaining integrity in all operations. This mission serves as a compass for the company's strategic direction and aligns its workforce towards common goals. As of 2023, Goldman Sachs aims to leverage technology and data to enhance service delivery and operational efficiency, reflecting an evolving market landscape.

Core Component 1: Client Focus

A central tenet of Goldman Sachs' mission is its unwavering focus on clients. The firm prioritizes understanding clients' needs and delivering tailored solutions. In 2022, Goldman Sachs reported a client satisfaction rate of 92%, signifying its dedication to client service excellence.

• Investment Banking: Goldman Sachs advised on over $1 trillion in mergers and acquisitions in 2022.
• Wealth Management: The division saw a growth in assets under supervision, reaching $2.5 trillion by the end of 2022.

The commitment to client focus is further evidenced by the firm’s investment in technology, allocating over $1 billion annually to enhance digital capabilities. This strategic direction not only fosters client loyalty but also drives long-term revenue growth.

Core Component 2: Innovation

Innovation plays a pivotal role in Goldman Sachs’ operations. The firm continuously seeks to develop new products and services that align with market trends. In 2023, Goldman Sachs launched a suite of digital platforms aimed at democratizing access to financial services. These initiatives contributed to a revenue increase of 15% in its digital consumer banking segment compared to the previous year.

Goldman Sachs has made substantial investments in technology startups, totaling over $500 million in 2022 alone, to foster creativity and enhance its service offerings. These investments have not only bolstered its competitive edge but also reinforced its commitment to shaping the future of finance.

Core Component 3: Integrity and Responsibility

Goldman Sachs emphasizes integrity and social responsibility as foundational principles. The company actively engages in efforts to enhance its environmental, social, and governance (ESG) practices. As of 2023, the firm has committed to achieving net-zero carbon emissions by 2030.

• The firm allocated $750 million to sustainable finance initiatives in 2022.
• Goldman Sachs has pledged to invest $10 billion in clean energy projects by 2025.

The compliance with rigorous ethical standards is reflected in their comprehensive training programs, which reached over 100,000 employees in 2022, ensuring everyone adheres to the highest standards of conduct. This commitment not only enhances the firm’s reputation but also builds trust among stakeholders.

Vision Statement of The Goldman Sachs Group, Inc. PFD 1/1000 C

Vision of The Goldman Sachs Group, Inc.

The vision of The Goldman Sachs Group, Inc. emphasizes being the world’s leading financial institution, serving a diverse clientele across various sectors. As of 2024, Goldman Sachs aims to capitalize on technological advancements and sustainable practices to deliver superior value and innovation.

Focus on Clients

Goldman Sachs envisions a client-centric approach, ensuring that their services resonate deeply with customer needs. In 2023, the firm reported a $52 billion revenue, with a significant portion attributed to advisory services and investment management.

Commitment to Innovation

Innovation remains at the forefront of Goldman Sachs' vision. In 2024, the firm plans to invest $1.5 billion in technology enhancements, focusing on AI and machine learning to improve operational efficiencies and client services.

Sustainability Initiatives

Goldman Sachs is committed to sustainability, aiming to facilitate over $150 billion in sustainable finance by 2025. The firm has made strides in green financing and renewable energy investments, reinforcing its vision of a sustainable future.

Diversity and Inclusion

The vision statement includes a strong commitment to diversity and inclusion, with goals of achieving 50% representation of diverse talent at all levels by 2025. This initiative reflects the belief that diverse teams drive better decision-making and business outcomes.

Global Reach and Leadership

Goldman Sachs envisions maintaining its status as a global leader in financial services. The firm operates in over 30 countries and serves a vast spectrum of clients, from corporations to governments, highlighting its extensive reach in the financial industry.

Core Values of The Goldman Sachs Group, Inc. PFD 1/1000 C

Client Commitment

The value of client commitment reflects the dedication of The Goldman Sachs Group, Inc. to understanding and addressing the needs of its clients. It emphasizes building relationships based on trust and delivering results.

In 2023, Goldman Sachs launched the Marcus by Goldman Sachs platform, which expanded its consumer banking services. This initiative significantly increased customer engagement, with over 10 million customers by the end of the year.

Additionally, Goldman Sachs reported a client satisfaction score of 85% in its investment management division, illustrating its commitment to client service.

Integrity

Integrity is a foundational value at Goldman Sachs, underscoring the importance of ethical conduct and transparency in all actions.

In 2023, Goldman Sachs implemented a new compliance training program that reached 100% of its employees globally, reinforcing its ethical standards. Furthermore, the firm received a 4.6 out of 5 rating in a recent employee survey regarding adherence to ethical practices.

The company also voluntarily disclosed significant details regarding compensation structures to enhance transparency, showcasing its commitment to integrity.

Excellence

Excellence signifies The Goldman Sachs Group's pursuit of the highest standards in its operations and services.

Goldman Sachs reported a 20% increase in return on equity (ROE) for the fiscal year 2023, surpassing the industry average of 15%. This performance is indicative of the firm's relentless focus on operational excellence and efficiency.

The launch of its Goldman Sachs 10,000 Small Businesses initiative demonstrated a commitment to small business excellence, impacting over 8,000 businesses and creating an estimated 36,000 jobs since its inception.

Diversity and Inclusion

Diversity and inclusion at Goldman Sachs emphasize the importance of creating a workforce that reflects the diverse societies in which it operates.

As of 2024, Goldman Sachs has achieved a target of 50% representation of women in its new analyst class, up from 45% in 2022. The firm has also established a series of employee resource groups that cater to various demographics, with over 4,000 members participating across these groups.

Goldman Sachs committed $10 million to the Goldman Sachs Foundation to support diverse entrepreneurs and minority-owned businesses in 2023.

Innovation

Innovation is a critical value that underscores Goldman Sachs's proactive approach to adapting and leading in a fast-paced financial environment.

In 2023, Goldman Sachs invested $1.5 billion in technology upgrades, enhancing its digital platforms and trading systems. This investment resulted in a 30% increase in transaction speeds and improved client service capabilities.

The firm's digital trading platform has grown to facilitate over $100 billion in daily trading volume, marking its status as a leader in fintech innovation.