JPMorgan Chase & Co
JPMorgan Chase & Co., often referred to simply as JPMorgan, is a leading global financial services firm headquartered in the United States. Established in 2000 through the merger of J.P. Morgan & Co. and Chase Manhattan Corporation, the company has a rich history dating back to the 19th century. With a strong presence in North America, Europe, and Asia, JPMorgan operates across various sectors, including investment banking, asset management, and consumer banking. The firm is renowned for its comprehensive range of services, including commercial banking, financial transaction processing, and wealth management. What sets JPMorgan apart is its commitment to innovation and technology, enabling it to deliver tailored financial solutions to clients. As one of the largest banks in the world, JPMorgan Chase consistently ranks among the top financial institutions, recognised for its stability and leadership in the industry.
DitchCarbon Score
How does JPMorgan Chase & Co's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
JPMorgan Chase & Co's score of 56 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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JPMorgan Chase & Co's reported carbon emissions
In 2023, JPMorgan Chase & Co. reported significant carbon emissions, totalling approximately 115,294,000 kg CO2e for Scope 1, 3,642,000 kg CO2e for Scope 2 (market-based), and 255,481,000 kg CO2e for Scope 3 emissions related to business travel. The total emissions for Scope 1 and 2 combined were about 118,936,000 kg CO2e. The company has set ambitious targets to reduce its greenhouse gas emissions. Specifically, JPMorgan Chase aims to achieve a 40% reduction in Scope 1 and Scope 2 emissions by 2030, using a 2017 baseline. This commitment is part of a broader strategy to align with the Paris Agreement and achieve net-zero emissions across all scopes by 2050. In previous years, emissions data showed a consistent focus on reducing carbon footprints, with notable reductions in Scope 1 and 2 emissions from 2012 to 2022. For instance, in 2022, Scope 1 emissions were reported at approximately 88,553,000 kg CO2e, while Scope 2 emissions (location-based) were about 783,616,000 kg CO2e. JPMorgan Chase's climate commitments are cascaded from its parent company, ensuring alignment with corporate sustainability goals. The company is actively working to implement strategies that support the transition to a low-carbon economy, including setting specific reduction targets for various sectors, such as a 45% reduction in carbon intensity for the Oil & Gas sector by 2030 from a 2019 baseline. Overall, JPMorgan Chase & Co. is making significant strides in addressing its carbon emissions and is committed to long-term sustainability through rigorous reduction targets and alignment with global climate goals.
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| 2010 | 2011 | 2012 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 91,999,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 |
| Scope 2 | 1,227,396,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 137,804,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
JPMorgan Chase & Co is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
