Publication date: March 5, 2024
JPMorgan Chase Commits to Disclosing Clean Energy Financing Ratio

JPMorgan Chase Commits to Disclosing Clean Energy Financing Ratio

JPMorgan Chase will start disclosing the ratio of clean energy to fossil fuel financing, a move agreed upon with New York City pension funds.

Clean Energy

In a landmark agreement, JPMorgan Chase has pledged to disclose its financial involvement in clean energy relative to fossil fuels. This commitment comes after discussions with three New York City pension funds, which together hold $478 million in the bank's shares. This transparency is a significant step for the banking industry, positioning JPMorgan Chase as the first major bank to offer this level of disclosure. The move is expected to shed light on the bank's efforts to support energy transition and could influence other institutions to follow suit.