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 58 is higher than 98% 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 company has set ambitious targets to reduce its greenhouse gas emissions, aiming for a 40% reduction in Scope 1 and Scope 2 emissions by 2030, using a 2017 baseline. Additionally, JPMorgan Chase has committed to achieving net-zero emissions across all scopes by 2050, aligning with the Paris Agreement's goals. In 2022, the company reported Scope 1 emissions of approximately 88,553,000 kg CO2e and Scope 2 emissions of about 5,050,000 kg CO2e (market-based). The previous year, 2021, saw Scope 1 emissions at approximately 84,911,000 kg CO2e and Scope 2 emissions at around 6,280,000 kg CO2e (market-based). This indicates a consistent effort to monitor and reduce emissions over the years. JPMorgan Chase's climate commitments include a near-term target to reduce Scope 1 and Scope 2 emissions by 40% by 2030, as well as a commitment to net-zero emissions by 2050. The company is also focusing on sector-specific targets, including a 29.5% reduction in Scope 3 emissions by 2030, which encompasses indirect emissions from its value chain. These initiatives reflect JPMorgan Chase's dedication to sustainability and its role in the transition to a low-carbon economy.
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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.
