Code of Business Conduct and Ethics

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"Code of Business Conduct and Ethics"

"Our Integrity Is Integral\r\nThe success of the firm is determined not solely by the deals we make or clients we acquire, but also by the everyday actions and behaviors of our most critical asset: our people.\r\nThat’s why we’ve designed a Code of Conduct to empower our people to show up for the firm, our clients, and each other with integrity – and, as a result, continue to drive the business forward.\r\n"

Our Integrity Is Integral
The success of the firm is determined not solely by the deals we make or clients we acquire, but also by the everyday actions and behaviors of our most critical asset: our people.
That’s why we’ve designed a Code of Conduct to empower our people to show up for the firm, our clients, and each other with integrity – and, as a result, continue to drive the business forward.

"Our Core Values\r\nOur core values, which capture the spirit of our 14 Business Principles, combine over 150 years of experience, resulting in actionable practices that inform our decision-making every day.&nbsp;\r\n<a href=\"/content/dam/gs/gscom/investor-relations/corporate-governance/corporate-governance-documents/code-of-business-conduct-and-ethics.pdf#page=5\">Learn More</a>\r\n \r\nOur People \r\n\r\nOur people set Goldman Sachs apart. The firm’s success relies on our ability to create a safe, inclusive, and respectful workplace where everyone is empowered to grow and excel.\r\n<a href=\"/content/dam/gs/gscom/investor-relations/corporate-governance/corporate-governance-documents/code-of-business-conduct-and-ethics.pdf#page=8\">Learn More</a>\r\n \r\nOur Firm\r\nWe apply the highest ethical standards to our work. Our reputation, and the future of the firm, rely on our collective commitment to creating value and driving results honestly and with integrity.\r\n<a href=\"/content/dam/gs/gscom/investor-relations/corporate-governance/corporate-governance-documents/code-of-business-conduct-and-ethics.pdf#page=16\">Learn More</a>\r\n \r\nOur Clients\r\nOur clients’ interests always come first. We protect their privacy and take pride in the fact that they choose to do business with us.\r\n<a href=\"/content/dam/gs/gscom/investor-relations/corporate-governance/corporate-governance-documents/code-of-business-conduct-and-ethics.pdf#page=25\">Learn More</a>\r\n \r\nOur Communities\r\nThe work we do at Goldman Sachs affects the world beyond our walls. Our actions, both as a collective and as individuals, have the power to impact our firm’s reputation and our communities’ prosperity.\r\n<a href=\"/content/dam/gs/gscom/investor-relations/corporate-governance/corporate-governance-documents/code-of-business-conduct-and-ethics.pdf#page=32\">Learn More</a>\r\n&nbsp;\r\n<h5>The firm’s Code of Business Conduct and Ethics links to various internal resources, policies and procedures. Effective February 22, 2024, the Code was updated to modify language to further emphasize individual accountability and the firm’s three lines of defense structure, as well as certain changes to more accurately reflect the firm’s underlying policies and procedures.</h5>\r\n"

Our Core Values
Our core values, which capture the spirit of our 14 Business Principles, combine over 150 years of experience, resulting in actionable practices that inform our decision-making every day.&nbsp;
<a href="/investor-relations/corporate-governance/corporate-governance-documents/code-of-business-conduct-and-ethics.pdf#page=5">Learn More</a>
 
Our People 

Our people set Goldman Sachs apart. The firm’s success relies on our ability to create a safe, inclusive, and respectful workplace where everyone is empowered to grow and excel.
<a href="/investor-relations/corporate-governance/corporate-governance-documents/code-of-business-conduct-and-ethics.pdf#page=8">Learn More</a>
 
Our Firm
We apply the highest ethical standards to our work. Our reputation, and the future of the firm, rely on our collective commitment to creating value and driving results honestly and with integrity.
<a href="/investor-relations/corporate-governance/corporate-governance-documents/code-of-business-conduct-and-ethics.pdf#page=16">Learn More</a>
 
Our Clients
Our clients’ interests always come first. We protect their privacy and take pride in the fact that they choose to do business with us.
<a href="/investor-relations/corporate-governance/corporate-governance-documents/code-of-business-conduct-and-ethics.pdf#page=25">Learn More</a>
 
Our Communities
The work we do at Goldman Sachs affects the world beyond our walls. Our actions, both as a collective and as individuals, have the power to impact our firm’s reputation and our communities’ prosperity.
<a href="/investor-relations/corporate-governance/corporate-governance-documents/code-of-business-conduct-and-ethics.pdf#page=32">Learn More</a>
&nbsp;
<h5>The firm’s Code of Business Conduct and Ethics links to various internal resources, policies and procedures. Effective February 22, 2024, the Code was updated to modify language to further emphasize individual accountability and the firm’s three lines of defense structure, as well as certain changes to more accurately reflect the firm’s underlying policies and procedures.</h5>

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