At
JPMorgan Chase, corporate responsibility is about what we do
every day in our businesses and how we do it. We are committed
to managing our businesses to create value for our consumer
and corporate clients as well as our shareholders, communities
and employees and to being a responsible corporate citizen.
Our commitment to corporate responsibility extends to every
facet of our business – in both good economic times and bad.
We are proactively assisting customers and clients as well as
supporting efforts to achieve financial market stability throughout
these unprecedented economic times. As we look to the future,
we remain committed to doing business in a responsible way,
to being responsible stewards of shareholder capital and to
being a good corporate partner to our communities across the
globe.
Major 2008 Accomplishments
• Took numerous steps to help stabilize the U.S. financial
system, including significantly enhancing mortgage modification
and home foreclosure prevention efforts and ongoing lending
to consumers, businesses, municipalities and not-forprofits
as well as acquiring Bear Stearns and Washington Mutual.
• Invested more than $450 billion in low and moderate-income
communities in the first five years of our 10-year, $800 billion
public commitment and also earned the highest possible rating
of "Outstanding" in our latest Community Reinvestment Act examination.
• Brought financial services to microfinance enterprises
via advisory services and principal investing. Sponsored Grameen
Foundation’s Bankers without Borders, a new program linking
private sector talent with the microfinance sector.
• Spent over $1 billion with diverse suppliers for the
first time in our history.
• Committed to reducing our greenhouse gas emissions 20%
by 2012. Began program that will purchase carbon credits to
offset 100% of the carbon dioxide resulting from employee global
air travel.
• Have $2.4 billion invested in renewable energy projects
and raised another $3.4 billion from other institutions for
investment. Portfolio includes interests in 54 wind farms as
well as several solar projects that together can power close
to 1.5 million U.S. homes annually.
• Adopted and published the JPMorgan Chase Human Rights
Statement in support of the fundamental principles of human
rights.
• Strategically invested more than $100 million1 and contributed
thousands of employee volunteer hours in high-need neighborhoods
across the U.S. while supporting hundreds of not-for-profits
that are strengthening communities we serve in 28 other countries.
The following capabilities support our interaction with communities and with each other and guide our efforts to be a responsible corporate citizen:
