J.P.Morgan ESG Presentation Deck slide image

J.P.Morgan ESG Presentation Deck

A Summary In our 2023 Climate Report, we share a number of updates about what we're doing to engage with clients on their transitions and address our financed emissions This table summarizes the key new updates in the report and what they mean Topic Financing Other Area Energy Mix Target Absolute Emissions Disclosure Alignment to Net Zero by 2050 New Net Zero Aligned Targets Financing Decisions Governance Strategy JPMORGAN CHASE & CO. 2022 Climate Report Oil & Gas End Use (Scope 3) target, which did not consider alternative energy sources No disclosure Electric Power, Auto Manufacturing, Oil & Gas aligned to an older scenario 6 sectors with targets Disclosed our Carbon Compass SM methodology by sector and included capital markets activity 2023 Climate Report Changed our "Oil & Gas End Use" target to a new "Energy Mix" target, which includes zero-carbon energy sources Absolute financed emissions disclosure for eight sectors of our financing portfolio All targets now align to IEA NZE 8 sectors with targets Consolidated our Carbon Compass SM methodology into a single document and expanded it to encompass our 2 new sectors What and Why did we change? To better reflect how we support the world's energy system transition by including our financing of alternatives to fossil fuels in our target To provide more transparency on our progress and comparable information To align sector-based targets with the latest science-based climate scenarios Added 2 new sectors with net zero aligned targets to reflect how we are expanding our work with aluminum and shipping clients on decarbonization To clarify how we include climate considerations in making business decisions using our Carbon Assessment Framework, and key choices and considerations when designing our metrics and targets Enhanced disclosure on our Firmwide Environmental Committee to provide further details on management of ESG- and climate-related matters across the Firm Updated language of our strategy pillar (previously "Meeting Needs Responsibly" and now called "Balancing Environmental, Social and Economic Needs") to add clarity of this important pillar of our environmental sustainability strategy 4
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