JPMorgan Chase & Co

JPMorgan Chase & Co. reported its 2024 Scope 1 emissions at about 100,024,000 kg CO2e and its Scope 2 (market-based) emissions at approximately 6,806,000 kg CO2e.

The company has set several climate commitments, including a long-term goal to achieve net-zero emissions across all scopes by 2050. JPMorgan Chase & Co. also aims to reduce its Scope 1 and 2 (location-based) greenhouse gas emissions by 40% by 2030, using a 2017 baseline. Additionally, the company is targeting a 45% absolute reduction in Scope 1 and Scope 2 emissions by 2030, from a 2019 baseline, and a 29.5% reduction in Scope 3 emissions by 2030 from a 2019 baseline, aligning with the International Energy Agency’s Net Zero by 2050 scenario.

In sector-specific intensity targets, JPMorgan Chase & Co. aims for a 45% reduction in carbon intensity for its Oil & Gas sector by 2030 from a 2019 baseline, and a 69% reduction in carbon intensity for its Electric Power sector by 2030 from a 2019 baseline. The company also targets a 25% reduction in the intensity of Scope 1 and 2 GHG emissions for the Aluminum sector by 2030 from a 2021 baseline. JPMorgan Chase & Co. is also committed to removing and durably storing one tonne of CO2 for every tonne of unabated direct operational emissions by 2030.