We no longer support this browser. Using a supported browser will provide a better experience.
Please update your browser.
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.
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
In October 2020, JPMorgan Chase announced our commitment to align key sectors of our financing portfolio with the goals of the Paris Agreement. Our commitment towards Paris-alignment is an important step toward accelerating the low-carbon energy transition and encouraging near-term actions that will set a path for achieving net-zero emissions by 2050. By working directly with clients to develop and finance their transition strategies and goals, we will help them navigate the challenges and opportunities of decarbonization and the energy transition, while also helping accelerate new technologies and business strategies.
Our commitment means we are measuring the emissions of our clients in key sectors of our financing portfolio (our “financed emissions”) and are setting reduction targets for these sector portfolios that are Paris-aligned. To start, we have developed intermediate Paris-aligned targets to reduce the carbon intensity in our Oil & Gas, Electric Power and Auto Manufacturing portfolios by 2030.
Introducing Carbon CompassSM
To set our targets and measure and track progress against them, we developed Carbon CompassSM. We built this methodology to incorporate, but also expand on, existing approaches to define robust, decision-useful and science-based metrics and targets on a sector-by-sector basis. Learn more about our targets, methodology and process here.
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:
Starting in 2020, the firm pledged to achieve and maintain carbon neutral operations annually. Our commitment includes Scope 1 direct emissions from the operation of our 5,500 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 will continue to support the development of renewable energy, including by installing on-site renewable energy systems and executing long-term renewable energy procurement agreements.
Responsible resource and waste management are also key components of our sustainability strategy. Our focus is on reducing our water and waste footprint, coupled with responsible disposal of the waste we produce.
