JPMorgan Chase & Co

JPMorgan Chase & Co's reported carbon emissions

In 2024, JPMorgan Chase & Co. reported total greenhouse gas emissions of approximately 106,830,000 kg CO2e, comprising 100,024,000 kg CO2e from Scope 1 and 6,806,000 kg CO2e from Scope 2 emissions. The company has set ambitious targets to reduce its emissions, aiming for a 40% reduction in Scope 1 and Scope 2 emissions by 2030, using a 2017 baseline. This commitment aligns with their long-term goal of achieving net-zero emissions across all scopes by 2050. In 2023, the total emissions were approximately 118,936,000 kg CO2e, with Scope 1 emissions at 115,294,000 kg CO2e and Scope 2 emissions at 3,642,000 kg CO2e. The company has consistently worked towards reducing its carbon footprint, achieving a 34% reduction in emissions from a 2005 baseline by 2019. JPMorgan Chase has also committed to specific sectoral targets, including a 29.5% reduction in Scope 3 emissions by 2030, focusing on key sectors such as Oil & Gas, Electric Power, and Aluminum. Their climate strategy is designed to align with the International Energy Agency’s Net Zero by 2050 scenario, demonstrating a proactive approach to sustainability and climate responsibility.