JPMorgan Chase & Co

JPMorgan Chase & Co. reported its 2024 Scope 1 emissions as 100,024,000 kg CO2e and Scope 2 (market-based) emissions as 6,806,000 kg CO2e. The company has not yet reported its Scope 3 emissions data for 2024. For 2023, the financial institution recorded Scope 1 emissions of 115,294,000 kg CO2e and Scope 2 (market-based) emissions of 3,642,000 kg CO2e. No Scope 3 emissions were reported for 2023.

In 2022, JPMorgan Chase & Co. disclosed Scope 1 emissions of 88,553,000 kg CO2e, Scope 2 (market-based) emissions of 702,968,000 kg CO2e, and Scope 3 emissions from business travel of 156,845,000 kg CO2e.

JPMorgan Chase & Co. has set several climate commitments, including a long-term goal to achieve net-zero emissions by 2050 across all scopes, aligning with a 1.5 degrees Celsius global temperature rise scenario. The company also aims for a 40% absolute reduction in Scope 1 and Scope 2 greenhouse gas emissions by 2030, using a 2017 baseline. More specifically, from a 2019 baseline, they aim to reduce Scope 1 emissions by 45% and Scope 2 emissions by 45% by 2030. Additionally, the company targets a 29.5% reduction in Scope 3 emissions by 2030 from a 2019 baseline. JPMorgan Chase & Co. is also working towards reducing the carbon intensity in key sectors of its financing portfolio, targeting a 45% reduction in carbon intensity for its Oil & Gas sector and a 69% reduction for its Electric Power sector by 2030, both from a 2019 baseline. The company also states a target to remove and durably store one tonne of CO2 for every tonne of unabated direct operational emissions by 2030.