How Goldman Sachs Became Awesome At Recycling
Goldman Sachs is an American investment banking firm that was founded in 1869. They specialize in global investment banking, investment management and various financial services for individuals or corporations alike. It is headquartered in the Lower Manhattan area in New York City and has branches spread across the globe. Goldman Sachs group engages in asset management, merger and acquisition services, and private equity deals. The firm also deals in the United States Treasury security market. As a firm, Goldman Sachs depends on sustainable economies to be able to do business, therefore the importance of addressing environmental issues cannot be over-emphasized in the firm. Because of their dedication to taking care of the environment, Goldman Sachs has a unit called the EMG (Environmental Markets Group), which is specifically dedicated to overseeing the environmental framework of the company. This group develops solutions to climate change, environmental degradation problems and critical environmental issues. The group does its best to ensure that the environmental impact of the operation of the company is always kept at minimum level.
In America, the International Organization for Standardization certified the company for its environmental management programs. Goldman Sachs cafés in New York and New Jersey both hold 3-star ratings for their environmental responsibility. Furthermore, the company hopes to achieve global office operations certification by 2016. One hundred percent of the waste from both the New York and New Jersey offices is diverted from landfills. All of Goldman Sachs car rides in the area were hybrid and eco-friendly vehicles, even the ferries used to transport people between the two offices are designed to have minimum engine sound, low fuel consumption rate and reduced carbon emission in the atmosphere with seats made of eco-friendly textiles.
Goldman Sachs offices have been revamped to have centralized recycling which has doubled the company’s recycle volume and also reduced the cost of disposal. Wastes which are not recyclable are then sent to facilities which convert waste to energy. The company gifts furniture and appliances which are no longer used by it to charity organizations, thereby keeping them out of landfills for a longer time. A good example is when the company had to move its offices in Paris and London. Over 190 metric tons of supplies destined for landfills were gifted to local charities that could still use them.
A quarterly operational cleanup is carried out in the Asian region of the company to encourage waste cleanup and provide a healthy work environment through recycling. About 27 metric tons of waste was collected for recycling in the year 2007 during this cleanup. In a nutshell, Goldman Sachs helps the environment by carrying out recycling operations in various departments including technology, food, paper and office equipment, furniture and more.
Gareth Amon, CEO and Founder of RecyclingQuotes.com, a company that works with Goldman Sachs, states that: “recycling companies are becoming more and more connected to the communities in which they operate. As people become more environmentally conscious, they turn to recycling companies to provide information on the best practices for recycling. As we make recycling more social, it becomes a social responsibility, and we are doing our best to promote green companies to the social communities in which they operate,” added Mr. Amon.
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