Corporate Social Responsibility

By Amavizca Humberto Xin Wang Kanev Ivan Uribe Jose Daniels Vineet Gaitha Wambui

Introduction

Goldman Sachs Bank of America

Financial Services

Agenda
Governance Social Environment Economic Conclusion

Governance

Social

Environment

Economic

Conclusion

Governance
Committee dealing with CSR Corporate ethics code Financial and accounting transparency Roles assumed by the companies top brass

Governance

Social

Environment

Economic

Conclusion

Governance- Goldman Sachs & BOA

No definite CSR committee, roles assumed by the respective corporate governance committee Concretely tailored code of ethics Code of ethics endorsed by the CEO CEO is the chairman of the board

Governance

Social

Environment

Economic

Conclusion

Governance- Goldman Sachs & BOA

Governance Existing CSR committee Embedding a culture of ethics Financial and accounting transparency Chairman & CEO roles Bank of America 25 40 15 0 Goldman Sachs 25 40 15 0

Governance Total
Governance Social

80
Environment Economic

80
Conclusion

Social criteria- Goldman Sachs

Community team work- In 2011 26500 volunteers partnered with 905 NGO Promoting work place sustainability by making business sense and minimizing impact to the environment

Governance

Social

Environment

Economic

Conclusion

Social criteria- Bank of America

BOA volunteers donated 1.5 million hours in 2011 BOA fights hunger by providing 26 million meals to people in need Running together with BOA- True partnership that delivers economic and charitable impact

Governance

Social

Environment

Economic

Conclusion

Social criteria- Goldman Sachs & BOA

Social
Working conditions Social Investment and match program Employee volunterism Diversity Social Total
Governance Social

Bank of America
38 18 18 20 94
Environment

Goldman Sachs
38 18 19 20 95
Economic Conclusion

Environment- Goldman Sachs

Reduce green house emission by 7% Reduce carbon emission to zero by 2020 Increase use of recycled and environmentally save products Purchasing more local products to stop shipping Develop uniform green building standards Get LEED certification Develop environmentally sound procurement practices Incorporate environment criteria into our supplier selection

Governance

Social

Environment

Economic

Conclusion

Environment- Bank of America

Reduce green house emission by 15% from 2011 to 2015 Get LEED certification Expanding and enhancing energy management systems and technology. Increasing computing efficiency in data centers Improving overall equipment efficiency in areas such as HVAC and lighting. Optimizing office space. Identifying and implementing emerging technologies Educating employees on how they can modify their behaviors to support the goal.
Social Governance Environment Economic Conclusion

Environment- Goldman Sachs & BOA

Environment

Bank of America

Goldman Sachs

Environmental fines
Green house emissions Natural resource consumption/savings

40
25 23

40
22 27

Environmental Total
Social Governance

88
Environment Economic

89
Conclusion

Economic- Goldman Sachs

Goldman Sachs initiatives- 10000, womens group, 10000 small business, Goldman Sachs gives program Local development projects- Healthy community fund in New York, to improve healthy food markets in underserved communities Global presence & Job creation- north & South America, Europe, Middle East and Asia. Create jobs Reduction of company donations- reduced from $500 million in 2009 to $8 million in 2011 Employee Compensation- Average of $430K
Social Governance Environment Economic Conclusion

Economic- Bank of America

Corporate social responsibility report in 2011- 2020 initiatives in revitalizing neighborhood, investing in small businesses Committed itself to delivering five fronts- Transparency & clarity in products & services, providing capital to businesses, supporting communities Employee compensation- Pay for performance Global presence & job creation- BOA is a global company with presence in all continents Socially innovative investing strategy- Allows clients to invest in companies that are socially responsible
Social Governance Environment Economic Conclusion

Economic- Goldman Sachs & BOA

Economic Direct economic value generated Total dollar value of corporate donations Bank of America 20 20 Goldman Sachs 25 15

Economic initiatives General compensation Economic Total

Social Governance

20 5 65
Environment Economic

28 8 76
Conclusion

Total score card

Criteria Governance Social Environmental Economic Bank of America 80 94 88 65 Goldman Sachs 80 95 89 76

Total
Social Governance

81.75
Environment Economic

85
Conclusion

Agenda

GOLDMAN SACHS VS BANK OF AMERICA

Social Governance Environment Economic Conclusion

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