JPMorgan Chase & Co.
CEF Lead Executives
-
BRIAN DIMARINO
Managing Director, Deputy Director of Global Sustainability
Brian leads the development and implementation of the Firm’s global operational sustainability strategy and manages its commitments to carbon neutrality, GHG, water, and paper reductions, and transition to electric vehicles. His team is responsible for calculating, mitigating, and offsetting, via RECs and carbon credits, the Firm’s ~1mm metric tons of annual emissions. Brian has helped develop novel, de-risked power purchase structures and long-term complex carbon credit transactions totaling millions of megawatt hours of renewable electricity and millions of tons of CO2. Prior to his current role, Brian held other Corporate Finance positions, including serving as CFO of the JPMorgan Chase Americas Real Estate Portfolio. He previously spent eight years in the J.P. Morgan Private Bank’s Planning and Analysis team, ultimately standing up and leading its Business Analytics team. Brian joined JPMorgan Chase in 2006 after graduating from the State University of New York at Albany. He holds a Bachelor of Business Administration degree with concentrations in Finance and Management as well as a Certificate of Sustainable Business Strategy from Harvard Business School.
-
TAYLOR WRIGHTList Item 2
VP, Operational Sustainability
Taylor oversees the firm’s operational sustainability strategy, including target setting and reporting on performance. She also supports employee engagement and internal communications on sustainability. Prior to joining the Operational Sustainability team, Taylor was part of the Sustainability team within Corporate Responsibility, where she led the firm’s environmental, social and governance reporting efforts and sustainability communications. Taylor has been with JPMorgan Chase since 2014. She began her career as a rotational analyst in a leadership development program, where she served in several roles across the Consumer & Community Banking business. Upon completion of the program, she joined Business Banking Strategy, where she focused on defining and executing the strategic roadmap for digital account opening. Taylor holds a B.S. in Business from Miami University in Oxford, Ohio.
-
JACQUELINE (JACKIE) LYONS
VP, Sustainability
Jackie leads sustainability and climate strategy at a corporate level for the firm. Jackie focuses her time on JPMorgan Chase’s notable sustainability commitments & initiatives, climate disclosures, and engaging with stakeholders on a wide range of sustainability topics. The Sustainability team – led by the Global Head of Sustainability – works across the firm on topics such as ESG reporting, policy engagement, operational sustainability, sustainable finance and environmental and social risk management. Jackie previously spent nearly a decade in Commercial Banking, tailoring lending and treasury solutions for nonprofit clients on the east coast. Her clients included a range of environmental, conservation, and social justice organizations, as well as healthcare and higher education institutions. She spent three years in Washington, D.C., helping to drive JPMorgan Chase’s expansion into the D.C. market. Jackie spends the majority of her time in New York City and Washington, DC. She holds a Bachelor’s in Business Administration in Finance and Economics from Pace University in New York. In her spare time, she enjoys competitive horseback riding and exploring the outdoors.
-
ERIN ROBERTList Item 1
Head of Capital Strategy, Sustainable Finance
Erin Robert is Head of Impact Finance. She previously was Head of Capital Strategies and Executive Director, Sustainable Finance. She leads the firm’s client engagement efforts in the sustainability space and partners across business lines to enhance sustainability and ESG-themed product offering. Erin previously spent 10 years in J.P. Morgan’s Corporate and Investment Bank in various roles across Markets and Investment Banking. She began her career in Public Finance, where she structured debt financings for municipal utilities, and most recently headed the Commodities Structuring team for the Americas, deploying capital to corporate clients through asset-based financings. She is a board member of Part of the Solution, a Bronx, New York based organization that helps move low-income individuals and families from crisis to stability and, ultimately, self-sufficiency.
Sustainability Goals
Sustainability Goals
2025 Goals
- Generate 70% of its renewable energy with on-site systems
- Transition its entire owned fleet of vehicles to electric
- Reduce office paper use by 90% (2017 baseline)
- Purchase 100% of paper from certified sources by the end of 2021
- Facilitate $200 billion in financing that supports climate action and efforts to advance the United Nations SDGs
- Hire 300 Black and Latinx advisors and serve more Black and Latinx clients
2030 Goals
- Reduce GHG emissions from its buildings, branches, and data centers by 40% (2017 Baseline)
- Reduce emissions tied to its financing to three additional sectors: iron & steel; cement; and aviation
- Cut Scopes 1 and 2 emissions produced per metric ton of crude steel by 31%
- Cut Scope 1 and 2 emissions per ton of cementitious product by 29%
- Cut Scope 1 emissions for aviation (per Revenue Tonne Kilometers) by 36%
- Reduce global water consumption by 20% (2017 baseline)
- Carbon Reduction Targets for its lending portfolio:
- Auto Manufacturing: Reduce carbon intensity from the manufacturing of new vehicles and tailpipe emissions by 41% (2019 baseline)
- Electric power: Reduce carbon intensity from electric power generation by 69% (2019 baseline)
- Oil and Gas: Reduce operational carbon intensity by 35% and 15% in end-use carbon intensity (2019 baseline)
- Finance over $2.5 trillion through the end of 2030 to advance long-term solutions that address climate change and contribute to sustainable development
2050 Goals
- Reach net-zero emissions across its lending and investment portfolios with the Net-Zero Banking Alliance
Additional Goals (No Timeline)
- Divert 100% of e-waste from landfill
- Invest $350 million globally to help grow Black, Latinx, and women-owned businesses
Past Goals Achieved
- Achieve carbon neutrality across its operations (Goal met in 2020)
- Source renewable energy for 100% of global power needs (Goal met by 2020)
Latest Sustainability Reporting
Highlights
- Financed and facilitated approximately $197 billion toward its $2.5 trillion Sustainable Development Target, with $70 billion toward green, $87 billion toward development finance and $40 billion toward community development. This brings the total to $482 billion since 2021;
- Met goals to source renewable energy to meet 100% of global power needs annually and achieve operational carbon neutrality;
- Reduced Scope 1 and 2 emissions by 17% since 2017
- Diverted 100% of e-waste from landfills and purchased 100% of paper from certified sources;
- Launched the Carbon Assessment Framework to monitor progress toward JPMorgan Chase’s portfolio-level emissions intensity reduction targets;
- Published net-zero aligned portfolio-level emission intensity targets for three new sectors: Iron & Steel, Cement, and Aviation;
- Began process of implementing an internal price on carbon;
- In 2022, served as lead underwriter for a $350 million Green Bond issued by The Nature Conservancy — the biggest green bond issuance to date by a conservation NGO;
- At the end of 2022, reached nearly $29 billion of progress toward its five-year $30 billion Racial Equity Commitment, established in 2020;
- Received an overall score of 97.1%, scoring in the top 20 of Fortune 500 companies for political disclosure and accountability by the CPA-Zicklin Index of Corporate Political Disclosure and Accountability.
(Nov 2023)
Highlights
- Sets 2030 targets for Shipping (33% reduction of Scope 1 tank-to-wake CO2 emissions) and for Aluminum (25% reduction of intensity of Scope 1 and 2 emissions), both from a 2021 baseline.
- Updated its emissions intensity reduction targets for Oil & Gas Operational, Electric Power, and Auto Manufacturing to align with the International Energy Agency’s (IEA’s) Net Zero Emissions (NZE) by 2050 Scenario.
- Modified its Oil & Gas End Use (Scope 3) target to a new “Energy Mix” target, to better show how the company’s financing correlates with the emissions performance of the transitioning energy supply sector. This target also aligns with the IEA’s NZE Scenario and aims for a 36% reduction in emissions intensity by 2030.
- Published absolute financed emissions for eight sectors of its financing portfolio for the first time.
- Continued development and expansion of its Carbon Assessment Framework, a methodology to assess clients’ decarbonization plans and how they will affect the progress of the company’s net zero targets.
Recent News
2024
New York City (NYC) reached agreements with JPMorgan Chase, Citi, and Royal Bank of Canada for the banks to regularly disclose their "Energy Supply Ratio" (financing ratio of low-carbon energy to fossil fuels) and their underlying methodology. The agreements come after successful shareholder engagements by the NYC Comptroller and three of NYC’s pension funds (who also have Energy Supply Ratio shareholder engagements with three more banks outstanding). (April 2024)
JPMORGAN CHASE / STATE STREET / BLACKROCK — The investment arms of JPMorgan Chase and State Street withdrew from the climate-focused investor network Climate Action 100+, while BlackRock transferred membership to its international arm, BlackRock International. These actions remove nearly $14 trillion of total assets from the coalition. (Feb 2024)
2023
Impact Disclosure Taskforce — This network of financial institutions and industry participants is developing voluntary guidance to help corporate entities and sovereigns measure and disclose their efforts to reduce major gaps to achieving the Sustainable Development Goals (SDGs). The guidance will help entities set targets to address developmental challenges most relevant to them and to monitor and report progress against those targets. The Taskforce plans to release the Guidance for public consultation in April 2024. The Taskforce includes CEF members JPMorgan Chase and Bank of America, and is being observed by the International Sustainability Standards Board (ISSB). (Dec 2023)
Set two new net-zero aligned targets for Shipping (33% reduction of Scope 1 tank-to-wake CO2 emissions) and for Aluminum (25% reduction of intensity of Scope 1 and 2 emissions). It also updated its emissions intensity reduction targets (for Oil & Gas Operational, Electric Power, and Auto Manufacturing) to align with the International Energy Agency’s (IEA’s) Net Zero Emissions (NZE) by 2050 Scenario, and modified its Oil & Gas End Use (Scope 3) target to a new “Energy Mix” target, expanding this to include zero carbon power generation, aligning it with IEA’s NZE Scenario, and aiming for a 36% reduction in emissions intensity by 2030. (Nov 2023)
JPMORGAN ASSET MANAGEMENT — The asset management unit of JPMorgan Chase issued a Principal Adverse Impact (PAI) indicator statement, voluntarily complying with the new EU rule requiring fund managers to report their social and environmental impact (even though the firm had fewer 500 employees based in EU countries). Reporting from Bloomberg noted other “peer” firms did not voluntarily report. (Aug 2023)
Will spend over $200 million in CO2 removal credits to sequester 800,000 metric tons of CO2. The bank signed purchase agreements with several carbon removal projects, including:
- 450,000 metric tons with CO280 Solutions over 15 years (30,000 tons/year);
- 25,000 metric tons with ClimeWorks over 9 years, one of the largest purchases of CO2 removal services via direct air capture and storage; and
- 28,500 tons with Charm Industrial over 5 years.
JPMorgan Chase also committed $75 million to carbon removal pooling company Frontier, which includes $50 million for the bank’s operational emissions and $25 million to help clients meet emissions targets. (May 2023)
The Open for Business Coalition, made up of 34 global companies, denounced anti-LGBTQ legislation passed by Uganda's parliament last week, warning it would curb investment flows, deter tourists, undermine companies’ ability to hire a diverse workforce, and damage the country's economy. The legislation criminalizes identifying as gay, lesbian, bisexual, transgender or queer, and imposes the death penalty for “aggravated homosexuality.” The coalition includes CEF members Dow, Google, JP Morgan Chase, Mastercard, McKinsey & Co., Meta, Microsoft, and Unilever. (April 2023)
The United Airlines Ventures Sustainable Flights Fund — United Airlines, along with five corporate partners, launched this first-of-its-kind investment vehicle to support start-ups focused on accelerating the research, production, and technologies associated with Sustainable Aviation Fuel (SAF). The fund starts with more than $100 million in investments from United and its inaugural partners: Air Canada and CEF Members Boeing, GE Aerospace (GE), JPMorgan Chase, and Honeywell. Customers can also donate to the fund when buying a ticket (with the first 10,000 receiving 500 United Miles). (Feb 2023)
Expanded its targets to reduce emissions tied to its financing to three additional sectors: iron & steel; cement; and aviation. Specifically, by 2030, the bank aims to cut Scopes 1 and 2 emissions produced per metric ton of crude steel by 31%, Scope 1 and 2 emissions per ton of cementitious product by 29%, and Scope 1 emissions for aviation (per Revenue Tonne Kilometers) by 36%. (Jan 2023)
JUST CAPITAL — Released its JUST 100 list for 2023 in collaboration with CNBC. Of 951 large public companies, 100 were scored for their just business behaviors, such as paying a fair living wage, protecting workers’ health, and minimizing pollution (based on the polling of 3,002 Americans). Of the top 10, five were CEF members, including Bank of America (#1), Microsoft (#3), Hewlett Packard Enterprise (#7), Apple (#8), and JPMorgan Chase (#10). In total, 23 CEF member companies were included in the 2023 JUST 100 list. (Jan 2023)
2022
RUBICON CARBON — Launched as a new carbon credit platform to scale and provide easier access to high-integrity emissions reduction solutions by vetting projects and their credits. Rubicon received an initial capital commitment of $300 million from CEF member TPG, with a total capital commitment target of $1 billion. As part of its launch, Rubicon also formed a coalition of corporate sustainability leaders to help guide its platform and product development, including CEF members Bank of America, Dow, GE, Honeywell, J.P. Morgan, JetBlue, McKinsey & Co., and TD Bank. (Dec 2022)
Six of the largest U.S. banks will participate in a Federal Reserve pilot climate scenario analysis exercise in early 2023 to better understand and measure climate-related financial risks. The exercise is strictly for information-gathering purposes; it will have no capital or supervisory implications. The six participating banks include CEF members
Bank of America, JPMorgan Chase, Morgan Stanley,
and Wells Fargo, as well as Citigroup and Goldman Sachs. (Oct 2022)
MORE »
BLACKROCK / FORD / GOLDMAN SACHS / JPMORGAN CHASE / MORGAN STANLEY — Will disclose the race and gender of individual directors in deals reached with New York City (NYC) pension officials. The move is intended to demonstrate the companies’ alignment of hiring practices with their stated commitments on diversity and inclusion. Taking another view, NextEra Energy is urging its shareholders to vote against a resolution filed by the NYC pension funds for similar disclosures, noting by proxy statement that "The imposition of a prescriptive matrix by individual director can promote a check-the-box approach to refreshment, thus increasing the risk of bypassing a well-qualified candidate." The company already publishes details about the skills of individual directors, and infographics showing overall diversity statistics about the board. (May 2022)
2021
JPMORGAN CHASE & CO. / EDF / CLEARTRACE — Will partner to match 100% of electricity consumed by JPMorgan Chase & Co.’s UK office operations with renewable energy in real time. Blockchain technology from
ClearTrace, a carbon-accounting software company, will track energy production and consumption. (Nov 2021)
MORE »
Financial Services Taskforce (FSTF) — The industry subgroup of
HRH The Prince of Wales’ Sustainable Markets Initiative released a
new
Net Zero Practitioner’s Guide to help the
banking industry consistently and transparently support their clients’ net-zero transition.
11 FSTF banks—including CEF members
Bank of America and
JPMorgan Chase & Co.—provided input for the guide, which includes
key recommendations
for
methodologies, target-setting,
and external engagement. (Oct 2021)
MORE »
Climate Action 100+ —
The group of
615 investors managing $60 trillion in assets released a new
report through IIGCC detailing their expectations for electric utility companies’ net-zero transitions. They called on utilities to target
net-zero emissions by 2035 in developed countries and by 2040 in developing countries, as well as a minimum 50% emission reduction by 2030. They also expect companies to
commit to providing a “just” net-zero transition.
Climate Action 100+ investors include CEF members BlackRock, Fidelity Investments, J.P. Morgan Asset Management
(JPMorgan Chase & Co.’s asset management division), and
TD Asset Management
(of TD Bank Group).
(Oct 2021)
MORE »
Global Head of Diversity, Equity & Inclusion Brian Lamb says the company is
urging its 100 largest suppliers to increase spending with Black- and Hispanic-owned businesses, and may revisit contracts with suppliers that fail to do so. 40% of the 100 suppliers have formally agreed to increase spending. “Some
$6.2 billion will be directed to diverse businesses, including minority-owned businesses, over the next three years,”
Business Insider
reports. (Oct 2021)
MORE »
Joined the
Net-Zero Banking Alliance, committing to reaching net-zero emissions across its lending and investment portfolios by 2050,
setting science-based 2030 targets,
and annually reporting
on its absolute emissions and emissions intensity. (Oct 2021)
MORE »
Pledged to
share several patents related to how it efficiently ventilates and cools its data centers, as part of its joint
Low Carbon Patent Pledge
with CEF members
Facebook, Hewlett Packard Enterprise, and
Microsoft (launched in April). (Oct 2021)
MORE »
Taskforce on Scaling Voluntary Carbon Markets (TSVCM) — The taskforce has formed an
independent Board of Directors to govern voluntary carbon markets, with
22 members
representing 12 countries (40% in the Global South); the NGO, academic, corporate, and financial sectors; Indigenous people; and local communities.
The Board will be supported by TSVCM’s founding sponsors, an Executive Secretariat, an Expert Panel, a Senior Advisory Council, and a
Member
consultation group of 250 organizations (including CEF members
Bank of America, BlackRock, BloombergNEF, Bloomberg Philanthropies, Boeing, Chevron, Delta, Google, JPMorgan Chase & Co., Microsoft, Morgan Stanley, Siemens,
and Unilever). (Sept 2021)
MORE »
MORE 2 »
The World Green Building Council (WorldGBC) updated its
Net Zero Carbon Buildings Commitment with new requirements for tackling embodied carbon. Starting January 1, 2023, businesses must account for the whole-life impact of all new buildings and major renovations by 2030, as well as track and report business activities influencing indirect reductions of whole-life carbon emissions. The WorldGBC Corporate Advisory Board includes CEF members
Google, JPMorgan Chase & Co., and
Siemens.
(Sept 2021)
MORE »
32 companies that have prioritized their workers during the COVID-19 pandemic
(e.g., by establishing safety practices, disclosing demographic details to drive racial equity, worker benefits)
have outperformed companies on the Russell 1000 by 8.6%, according to a JUST Capital
ranking of companies “leading for their workers” by industry. CEF members
BlackRock, Chevron, Comcast, Dow, Ford, JPMorgan Chase & Co., Lockheed Martin, McKesson,
and Procter & Gamble are among the 32 companies featured. (Sept 2021)
MORE »
Climate Action 100+ — The group of 617 global investors managing over $55 trillion in assets
released a
set of expectations
laying out necessary actions for the food and beverage sector to achieve net-zero emissions in line with the Paris Agreement goals. Climate Action 100+ investors include CEF members BlackRock, Fidelity Investments, J.P. Morgan Asset Management,
and
Wells Fargo Asset Management.
(Aug 2021)
MORE »
Announced
plans to add an ESG tag to its derivatives, wherein clients can “consider ESG in every step of their financial risk management,” according to Tom Prickett at JPMorgan in London. (Aug 2021)
MORE »
Completed its
second green bond issuance of $1.25 billion. It plans to allocate an amount equal to the bond’s net proceeds
to fund green projects.
(Aug 2021)
MORE »
Climate Action 100+
— A group of 545 global investors managing over $52 trillion in assets released a sector strategy with key expectations for steel producers and other steel value chain stakeholders to align with Paris Agreement decarbonization goals. The strategy was published by the Institutional Investors Group on Climate Change (IIGCC). Climate Action 100+ investors include CEF members BlackRock, Fidelity Investments,
and
J.P. Morgan Asset Management.
(Aug 2021)
MORE »
53 global investors managing over $14 trillion of assets released a
statement,
through the
Institutional Investors Group on Climate Change (IIGCC), calling on companies to disclose a net-zero transition plan, identify the director leading the plan, and provide a way for investors to vote on progress against the plan annually.
The 53 investors include
Fidelity International, J.P. Morgan Asset Management,
and
BNP Paribas Asset Management.
(Aug 2021)
MORE »
Sustainable Aviation Buyers Alliance
— The alliance of companies, spearheaded by
RMI
and the
Environmental Defense Fund,
will
pilot a sustainable aviation fuel certificate (SAFc) this year, created to enable air transport customers to invest in high-quality SAF. The companies—Boston Consulting Group, Boeing, Deloitte, JPMorgan Chase, Microsoft, Netflix,
and Salesforce—will share takeaways and insights to be put in a future usage guide. (July 2021)
MORE »
Will partner with Credit Suisse Group AG to develop a new investment strategy focused on sustainable nutrition,
investing in public companies that address the connection between health, nutrition, climate, and biodiversity. (July 2021)
MORE »
RE100 — The RE100 companies, which are committed to 100% renewable electricity, now have an electricity demand greater than that of the U.K. or Italy and are on track to save CO2 emissions equal to burning over 118 million tons of coal per year. RE100 members include
CEF Members:
3M, Apple, Bank of America, Bloomberg, Dell Technologies, Ecolab, Facebook, General Motors, Google, Hewlett Packard Enterprise, HP Inc., Johnson & Johnson, JPMorgan Chase & Co., Mastercard, McKinsey & Co., Microsoft, Morgan Stanley, PepsiCo, Procter & Gamble, Siemens AG, TD Bank Group, Trane Technologies, Unilever,
and Visa.
(July 2021)
MORE »
Will buy fintech startup OpenInvest,
which offers ESG investment management products and allows financial advisers to build, manage, and report on their ESG portfolios. (July 2021)
MORE »
Care Economy Business Council — A new coalition of over 200 businesses advocating for comprehensive US care infrastructure and workplace policies to help people, particularly women, reenter the workforce. Led by advocacy organization Time’s Up, companies engaged include JPMorgan Chase and McDonald’s. (May 2021)
Achieved carbon neutrality across its operations in 2020.
(May 2021)
MORE
»
Announced 2030 carbon reduction targets for its lending portfolio, guided by a new Carbon Compass methodology designed in alignment with the goals of the Paris Agreement. Targets span 3 industries (May 2021):
- Auto Manufacturing: Reduce carbon intensity from the manufacturing of new vehicles and tailpipe emissions by 41% (2019 baseline). It plans to work with clients to help accelerate the transition to EVs, and over time, quantify and address emissions from the automotive supply chain.
- Electric power: Reduce carbon intensity from electric power generation by 69% (2019 baseline). It plans to help accelerate the power sector’s shift to low- and zero-carbon sources.
- Oil and Gas: Reduce operational carbon intensity by 35% and 15% in end-use carbon intensity (2019 baseline). It plans to assist clients in addressing end-use emissions, including by shifting to lower-carbon fuels and exploring other business diversification strategies.
Announced new climate targets for its operations (May 2021):
- Reduce GHG emissions from its buildings, branches, and data centers by 40% by 2030 (2017 baseline)
- Generate 70% of its renewable energy with on-site systems by 2025
- Transition its entire owned fleet of vehicles to electric by 2025
- Reduce global water consumption by 20% by 2030 (2017 baseline)
- Reduce office paper use by 90% by 2025 (2017 baseline) and purchase 100% of paper from certified sources by the end of 2021
- Divert 100% of e-waste from landfill
Second Chance Business Coalition — A cross-sector coalition of 29 large US employers committed to expanding second chance hiring and advancement practices for people with criminal records. Co-chaired by JPMorgan Chase CEO Jamie Dimon and Eaton CEO Craig Arnold, members include Bank of America, Cisco, GM, JPMorgan & Chase, Mastercard, McDonald’s, Microsoft, P&G, PepsiCo, and Visa. (May 2021)
Sustainable Aviation Buyers Alliance
(SABA)
—
A new alliance launched by RMI and Environmental Defense Fund to accelerate aviation decarbonization by driving investment in sustainable aviation fuel (SAF), catalyzing new SAF production and technological innovation, and supporting member engagement in policy-making. Founding companies involved include
Boeing, BCG, Deloitte, JPMorgan Chase, Microsoft, Netflix,
and Salesforce.
(April 2021)
MORE »
Announced it facilitated over $220 billion in sustainable development transactions in 2020, including over $55 billion towards green initiatives. (April 2021)
UNITED AIRLINES — Announced that at least 50% of the students in its United Aviate Academy will be women and people of color as it seeks to train 5,000 new pilots by 2030. It has partnered with JPMorgan Chase to offer scholarship opportunities. (April 2021)
Announced a goal to finance over $2.5 trillion through the end of 2030 to advance long-term solutions that address climate change and contribute to sustainable development including (April 2021):
- $1 trillion for green initiatives to accelerate the deployment of solutions for cleaner sources of energy and facilitating the transition to a low-carbon economy
- Capital to support socioeconomic development and quality of life, and advance the U.N. SDGs in emerging economies
- Small business financing, home lending and affordable housing, education and healthcare, and its recent $30 billion commitment to advance racial equity
Member companies of the Partnership for Renewable Energy Finance (PREF)—including Amazon, Bank of America, BlackRock, Google, JPMorgan, Morgan Stanley, and Wells Fargo—sent a letter to Texas officials opposing 3 energy-related bills, fearing they will upend the economics of wind and solar power in the state. (April 2021)
CEO Jamie Dimon said the business sector should be a “responsible community citizen” in his annual shareholders letter and noted that “companies have an extraordinary capability to help...not just with funding but with developing strong public policy, which can have a greater impact on society.” (April 2021)
Launched a specialized Green Economy team to provide dedicated banking services and expertise to companies producing environmentally-friendly goods and services or focusing on environmental conservation. The new team will initially focus on 4 industry sectors: renewable energy, efficiency technology, sustainable finance, and agriculture and food technology. (April 2021)
Companies across the country—including Apple, BlackRock, Bank of America, Cisco, Facebook, JPMorgan Chase, Microsoft, and UPS—denounced the state of Georgia’s new law overhauling state election procedures over concerns it will restrict voter access and disproportionately disenfranchise people of color. Dozens of Black executives have called on companies to stand up for racial justice by fighting a wave of similar restrictive voting bills being advanced by Republicans in at least 43 states. (April 2021)
J.P. MORGAN WEALTH MANAGEMENT — Committed to hiring 300 Black and Latinx advisors by 2025 and serving more Black and Latinx clients. It will form partnerships with Historically Black Colleges and Universities (HBCUs), develop initiatives to promote internal mobility, and provide resources to allow diverse employees to grow their careers over time. (April 2021)
JPMorgan Chase & Company announced a new five-year, $350 million global commitment to help grow Black, Latinx, and women-owned businesses. It will also invest an additional $42.5 million to its “Entrepreneurs of Color Fund.” The investments are part of its $30 billion commitment announced in October 2020 to uplift underserved communities. (March 2021)
2020
JPMorgan Chase will align its financing activities with the goals set out by the Paris Agreement. The firm also committed to reaching carbon neutrality in its operations beginning in 2020. In addition, the firm launched the “Center for Carbon Transition” to provide clients with access to sustainability-focused financing, research, and advisory solutions. (October 2020)
JPMorgan Chase's CEO Jamie Dimon joined others on the Board of Directors of the Business Roundtable to create a special committee to advance racial equity and justice solutions. (June 2020)
JPMorgan Chase committed $50 million to address the immediate public health and long-term economic challenges from the COVID-19 pandemic. (March 2020)
JPMorgan Chase is on track to achieve its 2025 goal to facilitate $200 billion to advance the objectives of the SDGs by the end of 2020. The company also announced new financing restrictions that aim to stop project financing for new coal-fired power plants, stop lending to companies deriving the majority of their revenues from the extraction of coal and phase out “credit exposure” to these companies by 2024, and stop financing new oil and gas development projects in the Arctic. (March 2020)
MORE »
JPMorgan Chase launched the J.P. Morgan Development Finance Institution, a development-oriented financing organization to boost private investment in emerging markets including Indonesia, Turkey, Mexico and Egypt. The organization aims to finance development activities -- such as funding for infrastructure like bridges and wind farms or microfinance lending to entrepreneurs -- valued at more than $100 billion annually from investment banking transactions alone, with additional contributions from its markets businesses. (January 2020)
Ranked #8 on Fortune's “World’s Most Admired Companies” list, which ranks companies based on their performance against nine criteria, including investment value, quality of management, products, social responsibility, ability to attract talent, and more. (Jan 2020)