Workers abused at Goldman Sachs, which boasts of being a super-sustainable bank.

To work 110 hours a week. Without ever stopping. Going to bed at 3 a.m. and returning to the office at 8 a.m. Being subjected to psychological pressure every day to achieve ever-higher results. This is what happens to the Goldman Sachs, one of the largest investment banks in the world which has just recently launched its own line of “sustainable” financial products.

WORKER MISTREATMENT AT GOLDMAN SACHS

If not simple greenwashingWe are in a clear case of a double standard. To the outside world, we present ourselves with all the credentials, as a modern and forward-thinking company, aligned with the current trend of riding the sustainability wave. At every level, including through new financial instruments.

Then, inside, the game gets dirty. It's true, it's no longer just marketing, as it's measured on people's skin. And a way of treating workers by Goldman executives is discovered. on the border of slaveryYet work, with respect for its dignity and the conditions that regulate it in the normal world, is one of the 17 sustainable development goals according to the UN agenda.

Goldman Sachs Workers' Slavery Scandal

The scandal on the mistreatment of Goldman workers, which we can imagine is similar in all large international investment banks, was born thanks to the complaint of a group of recent graduates recently hired by the bank.

According to a survey conducted with new hires, 77 percent of them reported "a life of work filled with abuse“, with different forms of psychological pressures e real abuseTo avoid this 21st-century slavery climate, Goldman Sachs workers are demanding that the workweek be shortened to "just" 80 hours. That's a huge amount, though.

GREENWASHING GOLDMAN SACHS

As the abuses reported by employees were coming to light, the investment bank's executives were pompously presenting the first bond from the Goldman Sachs Vanilla Sustainability Benchmark program, reserved for institutional investors, for $800 million. A very clever way to riding the wave of sustainability, at the top of the class, and thanks to this move to boost profits, which in 2020, the horrible year of the pandemic, amounted to 9,4 billion dollars.

For goodness sake: making profits and earnings is the job of bankers, but it is unbearable to think of increasing them with the sustainability cunning two-facedThe one that's good for public opinion and external investors. And the one that's cruel and violent for the poor internal employees.

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