| How We're Enabling Impact in the Energy Transition JPMorganChase helps our clients navigate the challenges and realize the economic opportunities of the transition to a low-carbon economy. |
| Convening leaders on the low carbon transition In May, we convened CEOs, policymakers, clean-tech pioneers and investors at our second annual Scottsdale Action Forum. What we heard: -
Businesses and investors are adapting strategically, including near-term action and long-term vision. -
A low-carbon future is only achievable if the world can provide affordable and reliable access to energy, food and water. -
Smart, targeted and consistent policy reforms will play a critical role in creating the economic conditions to deploy private capital at scale. -
New ways of working together will be required to meet common goals. The bottom line: Finance can play an important role supporting the transition, but we can't do it alone. Enabling government policy, consistent and targeted reforms and public/private collaboration will all be critical to creating the conditions to make the transition economically viable for our clients. |
| Orange EV showcases American innovation Earlier this month, as a part of Jamie Dimon's annual bus tour, our sustainability team facilitated a conversation with Orange EV and other industry leaders around innovation and community leadership. -
What they're saying: According to Orange EV, with over 1,100 trucks across 37 states, the company saves businesses money, improves reliability and reduces emissions. Why it matters: Orange EV, which operates out of the United States and Canada, is leading on a growing EV and battery sector that seeks to uplift Kansas through job creation + innovation and power the future of transportation. Kansas is one of the states where we're aiming to expand our business, looking to further invest in and promote economic growth. |
| Our approach to environmental sustainability  We are driving impact forward across the three pillars of our environmental sustainability strategy — scaling green solutions; balancing environmental, social and economic needs; and minimizing our operational impact. Scaling Green Solutions: To meet global energy demand and achieve long-term environmental sustainability goals, we help scale clean technologies by offering clients diverse and innovative solutions. -
One example — J.P. Morgan co-led a $5 billion debt deal for Swedish battery maker Northvolt, a key supplier to BMW, Volvo and Volkswagen. Northvolt's battery is believed to be the first made without raw materials sourced from China, including lithium, nickel and graphite. Balancing environmental, social and economic needs: Our initiatives are rooted in how we do business: serving our customers, clients and communities while running a healthy and vibrant company. Examples of this work include helping communities to advance their resilience to climate change, such as our support of ClimateWells. -
Funding provided by First Republic Bank (now acquired by JPMorganChase) will help ClimateWells accelerate and pilot the process for early retirement of low-producing oil and gas wells in the U.S. -
In addition to reducing pollution, the decommissioning process seeks to create jobs and reduce the health impact on local communities from industrial emissions. Minimizing our operational impact: We strive to minimize the environmental impact of our own operations, including piloting net zero-carbon branch designs. -
Our Pico Whittier, CA location is the world's first zero-carbon certified bank branch. In 2023, we opened additional pilots of our zero-carbon branch design in St. Louis, Missouri and Buffalo, New York. |
| Closing thought from Heather Zichal, Global Head of Sustainability: "We do better when the communities we serve do better. And a successful energy transition — towards a future that is low-carbon, energy rich and focused on growth — is a massive opportunity for our firm and our clients. We are proactively seizing opportunities to deploy capital for decarbonization solutions and supporting public policy to create the right environment to facilitate investment." |  | |
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