Tag: jpmorgan chase

JPMorgan Chase targets more than $2.5 trillion over 10 years to advance climate action and sustainable development

JPMorgan Chase aims to finance and facilitate more than $2.5 trillion over 10 years – beginning this year through the end of 2030 – to advance long-term solutions that address climate change and contribute to sustainable development. This development is in line with the firm’s Paris-aligned financing strategy and will help accelerate the transition to a low-carbon economy by encouraging actions that set a path for achieving net-zero emissions by 2050.

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Banks and Climate Action: Taking Stock of Recent Commitments

JPMorgan Chase announced in October that it would shape its financing portfolio in three key sectors to align with the Paris Agreement; three days later, HSBC announced its statement of net-zero ambition. This past year has seen a slew of similar statements, including from Barclays in May—making it one of the first banks to announce ambition to go net zero by 2050—and then from Morgan Stanley in September.

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