Score of 91.9/100 qualifies for PaymentCheck Certification
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 14 | 86% | 10% | 4% | 9% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 15 | 86% | 10% | 4% | 12% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 23 | 84% | 11% | 5% | 13% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 23 | 81% | 13% | 6% | 19% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 35 | 73% | 16% | 11% | 27% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 52 | 61% | 15% | 24% | 39% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 27 | 77% | 13% | 10% | 22% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 34 | 67% | 20% | 13% | 29% |
| 01 Dec 2018 - 31 May 2019 | 27 Jun 2019 | 26 | 73% | 17% | 10% | 27% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 33 | 66% | 18% | 16% | 33% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms vary according to the nature of the goods/services that we require but, in general, our standard payment terms for vendors are 30 days from the date of receipt of a valid invoice. There are two notable exceptions to this: (i) for technology vendors, our standard payments terms are 45 days from the date of receipt of a valid invoice; and (ii) for external law firms, we do not specify a contractual payment period, but generally commit to paying law firm invoices within 60 days from the date of receipt of a valid invoice. To the extent that law firm invoices form part of the “percentage of invoices due but not paid within agreed contractual terms” statistic in this report, we have worked on this basis.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No
Maximum contractual payment period agreed
60
If at any time any question, dispute or difference arises between Goldman Sachs and a vendor, such question, dispute or difference should be raised by the vendor to its Goldman Sachs’ contact managing their relationship, who may escalate if necessary. Formal dispute processes are detailed in contracts with vendors.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Goldman Sachs Asset Management International is a leading global investment management firm that is committed to sustainable and responsible investing. They offer a wide range of products and services that cater to the needs of their clients in the UK and internationally.
Their sustainability program is a key focus for the company, as they strive to integrate environmental, social and governance factors into their investment decisions. They also engage with companies to promote sustainability practices and actively monitor their investments for any potential risks.
Goldman Sachs Asset Management International offers a variety of investment products, including mutual funds, exchange-traded funds, and alternative investments. They also provide wealth management services for high net worth individuals and institutional clients.
The company is led by a team of experienced professionals, including Richard Gnodde as the CEO and Sheila Patel as the Chair of the Sustainable Finance Group. They are dedicated to upholding the company's values and driving its success.
For more information on Goldman Sachs Asset Management International and its products and services, you can visit their website at www.goldmansachs.com. Their registered office address is Plumtree Court, 25 Shoe Lane, London, EC4A 4AU, United Kingdom.