In the Iron & Steel sector, our 2030 target, which includes Scope 1 and 2 emissions, is 1.010 tonnes of carbon dioxide equivalent per tonne of crude steel. From a 2020 baseline of 1.454 tonnes of carbon dioxide equivalent per tonne of crude steel, this implies a 31% reduction in carbon intensity by 2030. This is a new target, so no progress numbers are shown for this sector.

In the Cement sector, our 2030 target, which includes Scope 1 and 2 emissions, is 460.0 kilograms of carbon dioxide equivalent per tonne of cementitious product. From a 2020 baseline of 647.8 kilograms of carbon dioxide equivalent per tonne of cementitious product, this implies a 29% reduction in carbon intensity by 2030. This is a new target, so no progress numbers are shown for this sector.

In the Aviation sector, our 2030 target, which includes Scope 1 (tank-to-wake) emissions, is 625.0 grams of carbon dioxide per revenue tonne kilometer. From a 2021 baseline of 972.6 grams of carbon dioxide per revenue tonne kilometer, this implies a 36% reduction in carbon intensity by 2030. This is a new target, so no progress numbers are shown for this sector.

In the Oil & Gas sector, we have set two 2030 targets. Our first target, an operational target which includes Scopes 1 and 2 emissions, is a 35% reduction in operational carbon intensity from the 2019 baseline (revised) of 5.4 grams of CO₂ equivalent per megajoule. Progress against our first Oil & Gas target, as of June 30, 2022, was flat at 5.4 grams of CO₂ equivalent per megajoule. This is a 0% change from our portfolio baseline.

Our second Oil & Gas target, an end use target which includes Scope 3 emissions from the combustion of oil and natural gas, is a 15% reduction in end use carbon intensity from the 2019 baseline of 66.5 grams of CO₂ equivalent per megajoule. Progress against our second Oil & Gas target, as of June 30, 2022, was 67 grams of CO₂ equivalent per megajoule. This is a +1% increase from our portfolio baseline.

In the Electric Power sector, our 2030 target is to reduce Scope 1 emissions carbon intensity to 115.4 kilograms of CO₂ per megawatt-hour, which is a 69% reduction from the 2019 baseline of 375.6 kilograms of CO₂ per megawatt-hour. Progress against our Electric Power target, as of June 30 2022, was 294.8 kilograms of CO₂ per megawatt-hour. This is a -22% decrease from our portfolio baseline.

In the Auto Manufacturing sector, our 2030 target is to reduce Scopes 1, 2 and 3 emissions carbon intensity to 92.3 grams of CO₂ equivalent per kilometer, which is a 41% reduction from the 2019 baseline of 157.8 grams of CO₂ equivalent per kilometer. Progress against our Auto Manufacturing target, as of June 30 2022, was 141.5 grams of CO₂ equivalent per kilometer. This is a -10% decrease from our portfolio baseline.

 

Maintain carbon neutral operations annually. Target achieved.

Source renewable energy for 100% of our global power needs annually. Target achieved.

Divert 100% of e-waste from landfills. Target achieved;

Purchase 100% of our paper from certified sources. Target achieved.

Reduce Scope 1 and Scope 2 greenhouse gas emissions by 40% by 2030 versus a 2017 baseline. As of year-end 2021, 17% progress achieved.

Satisfy at least 70% of our renewable energy goal with on-site renewable energy and off-site long-term renewable energy contracts by 2025. As of year-end 2021, 23% progress achieved.

Reduce global water use by 20% by 2030 versus a 2017 baseline; As of year-end 2021, 8% progress achieved.

Reduce office paper use by 90% by 2025 versus a 2017 baseline. As of year-end 2021, 55% progress achieved.”

 # JPMorgan Chase utilizes an operational control approach to establish boundaries for our greenhouse gas inventory. This includes owned and leased facilities for which we control the energy usage.
 # Scope 1, 2, and 3 emissions were verified for 2017, 2018, 2019, 2020, and 2021. Water withdrawal has been verified for 2018, 2019, 2020, and 2021. Some sources of emissions have been excluded as they have been found to be de minimis, accounting for less than 5% of total Scope 1 and Scope 2 emissions.
 # Scope 1 emissions include emissions from corporate air travel and owned vehicle fleet.
 # Includes Scope 1 and 2 location based GHG emissions; mtCO2e/mmUSD revenue.
 # Scope 3 emissions include business travel (air, rail, car, and hotel stays for 2020 and 2021, air and rail travel in 2019, and only air travel in 2017 and 2018).
 # Contractual instruments include applicable Energy Attribute Certificates (EACs), Renewable Energy Credits (RECs) from PPAs, UK renewable energy guarantees of origin (REGOs) and renewable supply contracts