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JPMorgan Chase is committed to advancing sustainable solutions for its clients and within our operations. We are applying our capital, data, expertise, and other resources to help address climate change and promote long-term, innovative solutions for a more sustainable future. Our approach is reflected in an expanding suite of sustainability-focused initiatives across our firm.

Paris-Aligned Financing Commitment
Paris-Aligned Financing Commitment
We’ve committed to align key sectors of our financing portfolio with the goals of the Paris Agreement. We’ve developed Carbon CompassSM – our methodology for measuring the GHG emissions of our clients and setting Paris-aligned targets to reduce the carbon intensity of our sector portfolios over time.

Sustainable Development Target
Sustainable Development Target
We aim to facilitate $2.5 trillion to address climate change and contribute to sustainable development, including $1 trillion for green initiatives over 10 years – from 2021 through the end of 2030. In 2021, our Firm financed and facilitated approximately $285 billion towards this Sustainable Development Target.

Operational Commitments
Operational Commitments
We’ve set a number of targets to drive progress on operational sustainability, including our commitment to be carbon neutral across our operations.
Paris-Aligned Financing Commitment
A key aspect of JPMorgan Chase’s environmental sustainability strategy is how we engage with clients that operate in carbon-intensive industries, with the goal of helping accelerate the low-carbon transition and set a path toward global achievement of net-zero emissions by 2050.
We committed in October 2020 to align key sectors of our financing portfolio with what we consider to be the primary goals of the Paris Agreement, which aims to limit the global average temperature rise to well below 2 degrees Celsius, and ideally to 1.5 degrees Celsius, above pre-industrial levels. To meet our commitment we are setting portfolio-level emissions intensity reduction targets in select sectors that are aligned to science-based emissions reduction pathways.
Introducing Carbon CompassSM
In May 2021, we became the first large U.S. bank to establish 2030 portfolio-level emission reduction targets, which we set for three sectors: Oil & Gas, Electric Power and Auto Manufacturing. We also published our Carbon CompassSM methodology detailing our approach. In December 2022, we expanded Carbon CompassSM with targets for three additional sectors: Iron & Steel, Cement and Aviation.
Over time, we aim to expand this work to address additional carbon-intensive sectors, in alignment with global climate goals and evolving best practices for the financial sector, and to further engage with our clients on their decarbonization journeys. Learn more about our targets, methodology and process here.
Sustainable Development Target
JPMorgan Chase set a target to finance and facilitate more than $2.5 trillion over 10 years – from 2021 through the end of 2030 – to advance long-term solutions that address climate change and contribute to sustainable development. In 2021, our Firm financed and facilitated approximately $285 billion towards the Target. Across our three objectives, 41% went towards development finance, 37% towards green, and 22% towards community development. In this section we discuss our progress in each objective through December 31, 2021.
Read more in the 2021 ESG Report.
Our Sustainable Development Target aims to grow and strengthen our business activities across three important areas:
- Green: Accelerating the deployment of solutions for cleaner sources of energy and facilitating the transition to a low-carbon economy. Our goal is to facilitate $1 trillion in this area alone, through a wide range of activities including underwriting green bonds, lending to support construction of sustainable infrastructure and raising capital for innovative clean technology companies.
- Development Finance: Mobilizing capital to advance the United Nations Sustainable Development Goals ("SDGs") in emerging economies. The J.P. Morgan Development Finance Institution ("JPM DFI") works to assess the anticipated development impact of transactions with the goal of attracting institutional investors interested in environmental and socioeconomic impact in developing countries.
- Community Development: Advancing economic inclusion in developed markets. We are working to bolster inclusive growth by supporting areas such as small business, homeownership, affordable housing, education and health care, with a focus on low-to moderate income ("LMI") individuals and communities, as well as Black, Hispanic and Latino individuals and communities. This includes many of the actions we are taking as part of our five-year, $30 billion Racial Equity Commitment.
To learn more about the criteria for determine what business activity is eligible to count towards the target, see Our Approach to Our Sustainable Development Target.
Operational Commitments
JPMorgan Chase is committed to minimizing the environmental impact of our operations. To drive progress on our operational sustainability objectives, we’ve set a number of targets:
2021 Progress
Starting in 2020, the firm committed to achieve and maintain carbon neutral operations annually. Our commitment includes Scope 1 direct emissions from the operation of our more than 6,000 corporate buildings, retail bank branches and data centers, and company-owned aircraft and vehicles, Scope 2 indirect emissions from purchased electricity and Scope 3 indirect emissions associated with business travel.
As part of our operational carbon neutrality commitment, in 2020 we achieved our goal to source renewable energy for 100% of our global power needs. We met our goal by generating and purchasing renewable energy and corresponding Energy Attribute Certificates in an amount equivalent to the total megawatt hours of electricity that our firm consumed globally throughout the year. We aim to continue to support the development of renewable energy, including by installing on-site renewable energy systems and executing long-term renewable energy procurement agreements. To build on our commitment to carbon neutral operations, in 2021 we announced a new target to reduce our Scope 1 and Scope 2 (location-based) emissions by 40% by 2030 versus a 2017 baseline.
Responsible resource and waste management are also key components of our sustainability strategy. We are focused on reducing our water and waste footprint, along with appropriately managing the waste we generate.
2021 Environmental Data