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
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