Diversity and Inclusion

Our people are our greatest asset – we say it often and with good reason. It is only with the determination and dedication of our people that we can serve our clients, generate long-term value for our shareholders and contribute to the broader public.

At the crux of our efforts is a focus on cultivating and sustaining a diverse work environment and workforce, which is critical to meeting the unique needs of our diverse client base and the communities in which we operate.

We are committed to making progress toward racial equity, advancing gender equality, and increasing representation at every level of our firm.
 

Our Commitment

Our commitment to creating and sustaining a diverse work environment is absolute. We share our reasons for this commitment and our aspirations:

For the Firm
We strive for excellence. To achieve it, we must have the best people, and the best people are drawn from the broadest pool of applicants. The people we need can be found only by looking across the full spectrum of race, color, religion, creed, sex, age, national origin, citizenship status, disability, qualified veteran status, genetic information, marital status, sexual orientation and gender identity.

For Our People
Ours is a culture of teamwork. For our groups to excel, all members must feel that they are operating in an inclusive environment that welcomes and supports differences, and that encourages input from all perspectives. Our people have the right to expect a workplace in which the richness of their lives and experience is welcomed and valued by their team and by the firm.

For Our Clients
Their interests always come first. To continue providing our clients with creative ideas and solutions for operating effectively in a complex global economy, we must be fully capable of dealing with different cultures in an informed and nuanced manner. Experience has shown us that we can best serve our clients’ interests by tapping the insights, talents and judgments of a diverse workforce.

Fostering Inclusion

Diversity and Inclusion at Goldman Sachs

Sustaining a work environment where our people feel comfortable bringing their full selves to work and are empowered to reach their full potential continues to be a priority. As a firm, we believe that having the best team positions us to meet the needs of our clients – and to have the best team, our people must bring a range of perspectives to the table and reflect the diversity of the communities where we live and work.

Over the years, the firm’s diversity efforts have evolved from raising broader awareness and delivering an array of programs to a more deliberate, data-driven and targeted approach. We have made some progress, but we have significant work to do. To drive progress for our firm towards our aspirational goals, we have a range of initiatives in place to increase diverse representation at all levels and foster inclusion, including:

Recruiting the best, most diverse talent

We continue to search for talent in new places and in new ways, from leveraging technology (e.g., HireVue video interviews and Virtual Insight Webinar Series for students to learn about financial services and to prepare for interviews) engaging with a broader range of candidates and offering early-pipeline programs designed to engage and attract people who may not otherwise look to pursue a career in financial services (e.g., Africa Recruiting InitiativeDiverse Abilities) – to partnering with numerous external organizations to help us improve our diversity recruiting efforts. Established programs like our Veterans Integration Program and the Returnship® program are also examples of initiatives that have become a practice adopted across many industries.

Contributing to an inclusive environment

Attracting and hiring diverse talent is essential, but it is only one component of our approach. We offer a number of programs designed to help our people contribute to an inclusive environment, including learning opportunities such as Blindspot: Hidden Biases of Good People, a program that helps our vice presidents and above explore unconscious thinking and its impact on decision-making, and Subtle & Significant, which explores how everyday actions can send “micro-messages” and reinforce, or erode, meritocracy in the workplace.

Focusing on retention

Programs such as our Black Analyst and Associate Initiative, the Hispanic/Latino Analyst Initiative and the Women’s Career Strategies Initiative are examples of the firm’s efforts to support the advancement and retention of diverse talent. Diversity committees and governance councils exist in every region to help ensure top-down support of our efforts while also driving accountability for important people processes and decisions.

Inclusion Networks

Employee inclusion networks and interest forums, which are open to all professionals at Goldman Sachs, develop programs that support our firm’s diversity and inclusion strategy.

They offer training and educational programs, create networking forums, host leadership conferences, and sponsor client events. We have developed and support over 80 inclusion networks and interest forums globally, including the following:  

  • Asian Professionals Network
  • Disability Interest Forum
  • Firmwide Black Network
  • Firmwide Hispanic/Latino Network
  • Informal Religious Support Groups
  • Lesbian, Gay, Bisexual and Transgender (LGBT) Network
  • Veterans Network
  • Women’s Network
  • Working Parent Forum

These groups provide an opportunity for our people to share concerns and feedback, and to develop professional relationships with those from other business units and divisions. Additionally, they help our people to identify opportunities for professional development and advancement to help them achieve their full potential.

Diversity Awards

Read About Diversity Awards

 

Our Aspirational Hiring Goals

 

Gender Pay Gap Report

As a global firm, the advancement of women in the workplace is top of mind for us.  We have made progress over the years. Yet we have significant work to do.

2019 Goldman Sachs UK Gender Pay Gap Report 

2018 Goldman Sachs UK Gender Pay Gap Report 

2017 Goldman Sachs UK Gender Pay Gap Report  

 

UK Women in Finance Charter

As a global firm, the advancement of women in the workplace is top of mind for us. We are focused on making measurable change with respect to our gender diversity at all levels with a particular focus on senior management.

As one of the initial steps toward our goals, in 2018 we signed the UK Women in Finance Charter. We are committed to ensuring that women represent at least 30 percent of our senior talent (vice president and above) by 2023. We have made progress and are on track.

Although progress has been made, we acknowledge that more needs to be done. We  continue to hold ourselves accountable for fostering a working environment in which all individuals can achieve their full potential and advance to the most senior levels of the firm.

Our participation in the UK Women in Finance Charter is one part of this commitment.

Our Second Year as a Signatory

We are pleased with the progress we have made in our second year as a signatory of the UK Women in Finance Charter. We believe we are on track to meet our Charter goal by 2023.

The progress we have achieved through this particularly challenging year can be attributed to the deliberate efforts we have made and continue to make in a number of key areas, as outlined in our EMEA Diversity and Inclusion 2020 Report.

Consistent and persistent effort will be required to sustain our progress in the coming years. This is work we remain committed to.

 

UK Race at Work Charter

At Goldman Sachs, we have long been committed to promoting inclusion, diversity, and equity. Yet there is more to be done.

In December 2019, we signed the UK Race at Work Charter delivered by Business in the Community. As part of our signatory status, we committed to 5 key actions to drive ethnic minority representation and inclusion in our workplace.

We are focused on promoting the representation of ethnically diverse groups across all areas of the firm. It requires attention at the earliest stages of hiring and ensuring we have robust retention initiatives throughout an employee’s career life-cycle. It is vital that we have a diverse group of people who bring a broad range of experiences, capabilities and perspectives to our organisation – it just makes good business sense.

Our First Year as a Signatory
We are pleased with the progress we have made in our first year, some highlights include the following:

  • Appointed Richard Gnodde, CEO of Goldman Sachs International, as our executive sponsor for our participation in the charter
  • Expanded our firmwide aspirational goals to include increased representation of Black talent at the Vice President level
  • Extended our EMEA Vice President Sponsorship Initiative to include Asian and LGBTQ+ talent as well as women and Black talent
  • Partnered with best practice organisations through the Goldman Sachs Fund for Racial Equity to support their focus in addressing racial equity, structural inequity and economic disparity
  • Launched a range of resources and initiatives to further awareness and dialogue on racial equity including a firmwide reverse mentoring programme for senior leaders, our Ally Guide and  ‘Divisional Dialogues’

Read read more about how we are making progress towards racial equity and supporting our employees and communities. For more on our broader D&I efforts, please see our EMEA 2020 D&I Report.   

When Women Lead

Goldman Sachs believes when women lead, everything changes. In today’s world, gender equality is an economic imperative and supporting women’s economic empowerment and leadership opportunities will drive growth for our clients, our communities, our people, and our shareholders.    

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Making Progress Toward Racial Equity

At Goldman Sachs, we have long been committed to promoting inclusion, diversity, and equity. Yet there is more to be done. That is why we are investing in the power of Black communities, supporting Black businesses, and recognizing the power of an inclusive workforce. As a firm focused on sustainable and inclusive growth, we are channeling the power of capital to drive economic prosperity for more people. 

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Launch With GS

Launch With GS is our $500 million investment strategy grounded in our data-driven thesis that diverse teams drive strong returns. Through Launch With GS, Goldman Sachs aims to increase access to capital and facilitate connections for women, Black, Latinx and other diverse entrepreneurs and investors.

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Vendor Diversity

Our Vendor Diversity Program gives us a platform to engage with small and diverse enterprises around the world. We strive to engage vendors that reflect the diversity of the communities where we live and work and of the clients we serve, and we look for vendors that can bring a range of perspectives to help us discover creative, effective solutions.

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