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Stock impact report

JPMorgan debuts carbon reduction goals for clients [Reuters]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Reuters
JPMorgan debuts carbon reduction goals for clients By Elizabeth Dilts Marshall 2 Min Read NEW YORK, May 13 (Reuters) - JPMorgan Chase & Co on Thursday set out mid-term, carbon reduction goals for clients, as banks face pressure to align their financing activities with their climate change commitments. The U.S. bank is asking clients in the electric power and auto industries to meet carbon intensity reduction goals and for oil and gas clients to meet operational and end-use carbon intensity reduction goals by 2030. “We are taking steps to address the emissions of the clients we finance,” Marisa Buchanan, JPMorgan’s global head of sustainability, told Reuters. She said the targets signal the bank’s expectations that its clients operate responsibly and take the steps necessary to invest in a lower carbon future. JPMorgan is asking electric power and automakers to reduce their direct carbon emissions, such as those produced from their buildings, plus emissions from companies that provide Show less Read more
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