JPMorgan Chase, the country’s largest bank, is joining BlackRock, Goldman Sachs and State Street, going public with initiatives to address climate change and commit to sustainable investing.
Executives announced at the bank’s Investor Day on Tuesday that JPMorgan Chase will no longer finance oil and gas drilling in the Arctic or mining for coal (the latter by 2024) and will allocate $200 billion by 2025 to finance sustainable projects. By the end of 2020, it expects to use renewable energy for all of its global power needs. Read Full Article - Think Advisor, February 25, 2020