As You Sow, an environmental and corporate social responsibility advocacy group, wanted the lender to issue a report “outlining if and how it intends to reduce the greenhouse gas emissions associated with its lending activities in alignment” with global temperature goals established by the Paris Agreement. The Paris pact has called for maintaining global warming well below 2 degrees Celsius. Read More →
Read MoreIn a clear signal of support for reforming the lending practices of the world's largest private bank to ensure a habitable future planet, 49.6% of shareholders voted in favor of a resolution that asked JPMorgan to craft a plan to better align its operations with the Paris climate agreement's goal of limiting global temperature rise to 1.5°C… The development was also celebrated by Danielle Fugere, president of the nonprofit shareholder advocacy group As You Sow. "Shareholders today sent the message that it is past time for Chase to catch up with its peers, implement a strategy to decarbonize and de-risk its lending portfolio, and help build a more secure future for all," she said. Read More →
Read MoreDanielle Fugere, President of shareholder advocacy group As You Sow, which filed the proposal on carbon emissions disclosure, told DeSmog: “What we are asking them to do is measure, disclose, and set a target to become Paris aligned.” Read More →
Read MoreAs You Sow has introduced a shareholder proxy asking for JPMorgan to commit to aligning its financing with the Paris Agreement on climate change. The bank has asked the SEC for permission to omit that proposal and others related to climate change from consideration during the upcoming proxy season. Read More →
Read MoreJPMorgan still is not addressing its larger oil and gas portfolio, nor is it committing to align with the Paris climate agreement, said Danielle Fugere, president of As You Sow, an investor climate advocacy group. Read More →
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