JPMorgan Chase United States
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Created before Nov 2016 Last update: Feb 25 2021
About JPMorgan Chase JPMorgan Chase is one of the Big Four Banks of the United States (along with Bank of America, Citigroup and Wells Fargo). The firm was formed in 2000 when Chase Manhattan Corporation acquired J.P. Morgan & Co and is headquartered in New York City. JPMorgan Chase operates in more than 60 countries. The bank is a market leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity.
Website http://www.jpmorganchase.com
Headquarters 270 Park Avenue 10017-2070 New York United States
CEO/chair Jamie Dimon CEO & Chairman
Supervisor Federal Reserve
Annual CSR Report 2020 reports Annual report 2020
Ownership listed on London Stock Exchange, NYSE & Tokyo Stock Exchange JPMorgan Chase's shareholder structure can be accessed here.
Complaints JP Morgan Chase does not operate a complaints channel for individuals and communities that may be adversely affected by its finance. However, the bank can be contacted through the following channel via e-mail address: and [email protected]. grievances Stakeholders may also raise complaints via the OECD National Contact Points (see OECD Watch guidance).
Sustainability
Voluntary initiatives JPMorgan Chase has committed itself to the following voluntary standards: Business Environmental Leadership Council (BELC) Carbon Principles Equator Principles Extractive Industries Transparency Initiative Global Reporting Initiative Green Bond Principles International Hydropower Association Principles for Responsible Investment (PRI) RSPO Principles and Criteria for Sustainable Palm Oil Production Soft Commodities Compact Task Force on Climate-related Financial Disclosures UN Guiding Principles on Business and Human Rights UNEP Finance Initiative Wolfsberg Principles World Business Council for Sustainable Development
Investment policies JPMorgan Chase's Environmental, Social and Governance (ESG) information page is available here. Paris-aligned financing commitment Oct 6 2020 | JPMorgan Chase
Environmental and social policy framework Feb 25 2020 | JPMorgan Chase
Modern Slavery Statement Dec 31 2018 | JPMorgan Chase
Code of conduct Jun 30 2018 | JPMorgan Chase
Modern slavery act transparancy statement Dec 31 2017 | JPMorgan Chase
Supplier Code of Conduct Oct 28 2016 | JPMorgan Chase
Human rights May 3 2011 | JPMorgan Chase
Environmental and social risk assessment policy Apr 6 2011 | JP Morgan Chase
BankTrack campaigns and JPMorgan Chase
Human rights
True leader BankTrack has assessed JPMorgan Chase on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. JPMorgan Chase is assessed as a Follower, with a total score of 4/12. Front runner Policy: 2/3 Due dilligence: 2/3 Reporting: 0/3 Remedy: 0/3 Follower For more details, see Banking with Principles? 2016 update. Laggard
Equator Principles
Implementation and reporting The Equator Principles require that adopting banks publicly report on the implementation of the principles. You can find the reporting requirements for EPFIs here.
JPMorgan Chase is reporting on the implementation here.
Contact and complaints The Equator Principles currently lack a formal complaints mechanism. Should you have any concerns or complaints about how the Equator Principles are being applied in a specific project in which JPMorgan Chase is also involved, please get in touch with our Equator Principles team.
Equator Principles Dodgy Deals BankTrack is monitoring the following Equator Principles projects that are co-financed by JPMorgan Chase -note that some files may be on record, no longer updated-:
Projects
Cirebon 2 coal power plant Indonesia Coal Electric Power Generation active
Coastal GasLink pipeline Canada Pipeline Transportation of Natural Gas active
Mozambique LNG Mozambique LNG Terminal | Pipeline Transportation of Natural Gas active Trans Mountain Pipeline Expansion project (TMEP) Canada Pipeline Transportation of Crude Oil active
Atlantic Coast Pipeline United States Pipeline Transportation of Natural Gas on record
Belo Monte dam Brazil Hydroelectric Power Generation on record
Block 31, Yasuni National Park Ecuador Oil and Gas Extraction on record
Dominion Cove Point LNG United States LNG Terminal on record
Long Phu I coal power plant Vietnam Coal Electric Power Generation on record
Tamar Valley Pulp Mill Tasmania (formerly Gunns Pulp Mill) Australia Pulp, Paper and Paperboard Mills on record
Toka Tindung gold mine Indonesia Mining on record
Wink to Webster Pipeline United States Pipeline Transportation of Crude Oil on record
Woodlark Island Kula Gold Project Papua New Guinea Mining on record
Woodside Petroleum’s gas refinery Australia Oil and Gas Extraction on record Good moves
2020
Following Goldman Sachs and JPMorgan Chase announcements, Wells Fargo rejects funding for Arctic drilling Wells Fargo has released an update to its environmental policy ruling out funding for oil and gas projects in the Arctic region, including the Arctic National Wildlife Refuge. The update does not make improvements to the bank’s other oil and gas financing policies. The 2019 Banking on Climate Change report…
JPMorgan Chase Coal and Arctic Policy a step forward but fails to match its climate responsibility as the world’s #1 Fossil Bank Today, JPMorgan Chase has strengthened its restrictions on financing (lending and underwriting) for coal mining and coal power, and ruled out financing new oil and gas development in the Arctic.[1] These policy improvements come amidst growing protests against JPMorgan Chase for its role as by far the world’s…
2019
Banks step away from US private prisons As of June 2019, six banks, Fifth Third Bank, BNP Paribas, SunTrust Bank, JPMorgan Chase, Wells Fargo and Bank of America, have announced that they will no longer finance companies that operate private prison and detention centers, including CoreCivic and GEO Group. Two other banks, U.S. Bank and Barclays,… JPMorgan announces it will stop financing the private prison industry JPMorgan has announced it will no longer invest in GEO-Group and CoreCivic, the two largest private-prison companies, and that it will stop financing the private prison industry as a whole. The industry became a target of protest over Turmp administration immigration policies, including the separation…
2014
Breakthrough: JPMorgan Chase Dropping Mountain Destruction After more than five year of campaign by Rainforest Action Network demanding that JPMorgan Chase and other banks drop MTR financing, in mid April 2014, JPMorgan Chase updated its environmental policy, revealing that it will be ending financial relationships with Mountaintop Removal coal mining companies. RAN will…
More US and European Banks step back from Mountaintop Removal In 2013, BNP Paribas pledged to cut financing for top producers of mountaintop removal coal. In spring 2014, JPMorgan Chase updated its environmental policy committing to aggressively reduce its financing relationships with mountaintop removal coal mining companies. And in April 2014, Royal Bank of Scotland followed suit,…
2011
Wall Street turns its back on Mountaintop Removal coal mining After sustained campaigning by RAN, eight of Wall Street's biggest banks have developed public policies limiting their appetite for investment in mountaintop removal (MTR) coal mining. By 2011, MTR policies or statements had been released by banks including Credit Suisse, JP Morgan Chase, Morgan Stanley and Wells Fargo,…
Related Dodgy Deals
JPMorgan Chase has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.
Projects
Keystone XL pipeline United States active Pipeline Transportation of Crude Oil
Cirebon 2 coal power plant Indonesia active Coal Electric Power Generation
Trans Mountain Pipeline Expansion project (TMEP) Canada active Pipeline Transportation of Crude Oil
Line 3 Pipeline Replacement Project (L3RP) United States target Pipeline Transportation of Crude Oil
Annova LNG Terminal United States active LNG Terminal
Mozambique LNG Mozambique active LNG Terminal | Pipeline Transportation of Natural Gas
EastMed Pipeline - international - active Pipeline Transportation of Natural Gas Coastal GasLink pipeline Canada active Pipeline Transportation of Natural Gas
Tamar Valley Pulp Mill Tasmania (formerly Gunns Pulp Mill) Australia on record Pulp, Paper and Paperboard Mills
Block 31, Yasuni National Park Ecuador on record Oil and Gas Extraction
Mountain top removal coal mining United States on record Coal Mining
Grasberg gold and copper mine Indonesia on record Mining
Bauxite mine Niyamgiri Hills India on record Mining
Toka Tindung gold mine Indonesia on record Mining
Canadian tar sands Canada on record Oil and Gas Extraction
Jaitapur nuclear power plant India on record Nuclear Electric Power Generation
Belo Monte dam Brazil on record Hydroelectric Power Generation
Medupi coal power plant South Africa on record Coal Electric Power Generation
Kusile coal power plant South Africa on record Coal Electric Power Generation
Woodside Petroleum’s gas refinery Australia on record Oil and Gas Extraction
Ostroleka C power plant Poland on record Coal Electric Power Generation | Gas Electric Power Generation
POSCO integrated steel project India on record Iron and Steel Manufacturing
Dominion Cove Point LNG United States on record LNG Terminal
Kaltim Prima Coal mine Indonesia on record Coal Mining
Woodlark Island Kula Gold Project Papua New Guinea on record Mining
Patents on chimpanzees and other animals - international - on record Genetic Engineering
Offshore Detention Centres Australia on record Prisons and Immigration Detention
Mountain Valley Pipeline United States on record Pipeline Transportation of Natural Gas Long Phu I coal power plant Vietnam on record Coal Electric Power Generation
Atlantic Coast Pipeline United States on record Pipeline Transportation of Natural Gas
Wink to Webster Pipeline United States on record Pipeline Transportation of Crude Oil
Companies
EDF France active Biomass Electric Power Generation | Hydroelectric Power Generation | Nuclear Electric Power Generation | Solar Electric Power Generation | Wind Electric Power Generation
Polska Grupa Energetyczna (PGE) Poland active Biomass Electric Power Generation | Coal Electric Power Generation | Coal Mining | Nuclear Electric Power Generation
Wilmar International Singapore active Agriculture for Palm Oil
Adani Group India active Coal Electric Power Generation | Coal Mining | Oil and Gas Extraction
Royal Dutch Shell Netherlands active Oil and Gas Extraction
TotalEnergies France active Gas Electric Power Generation | Oil and Gas Extraction | Pipeline Transportation of Crude Oil | Pipeline Transportation of Natural Gas
Suzano Brazil active Pulp, Paper and Paperboard Mills
Navigator Company Portugal active Pulp, Paper and Paperboard Mills
Energa Group Poland active Biomass Electric Power Generation | Coal Electric Power Generation | Electric Power Distribution | Hydroelectric Power Generation | Wind Electric Power Generation
UPM-Kymmene Finland active Pulp, Paper and Paperboard Mills
JBS Brazil target Beef Industry | Commodities Trading
RWE Germany on record Biomass Electric Power Generation | Coal Electric Power Generation | Coal Mining | Commodities Trading | Nuclear Electric Power Generation | Solar Electric Power Generation | Wind Electric Power Generation
Rio Tinto Australia on record Coal Mining | Mining | Nuclear Electric Power Generation
Vattenfall Sweden on record Biomass Electric Power Generation | Coal Electric Power Generation | Coal Mining | Hydroelectric Power Generation | Mining | Nuclear Electric Power Generation | Solar Electric Power Generation | Wind Electric Power Generation
Eskom South Africa on record Coal Electric Power Generation | Nuclear Electric Power Generation Orano France on record Mining | Nuclear Electric Power Generation
National Thermal Power Corporation (NTPC) India on record Coal Electric Power Generation | Coal Mining | Hydroelectric Power Generation | Wind Electric Power Generation
BHP Billiton Australia on record Coal Mining | Mining | Oil and Gas Extraction
Vedanta Resources United Kingdom on record Mining
ENGIE France on record Coal Electric Power Generation | Hydroelectric Power Generation
Alliant Techsystems United States on record Arms Industry and Trade
Lockheed Martin United States on record Arms Industry and Trade
Textron United States on record Arms Industry and Trade
Korea Electric Power Corporation (KEPCO) South Korea on record Coal Electric Power Generation | Coal Mining | Nuclear Electric Power Generation
Elbit Systems Israel on record Arms Industry and Trade | Aviation | Investigation and Security Services
En+ Group Russian Federation on record Coal Electric Power Generation | Hydroelectric Power Generation
Enbridge Canada on record Oil and Gas Extraction | Pipeline Transportation of Crude Oil | Pipeline Transportation of Natural Gas
Arch Resources United States on record Coal Mining
Alpha Natural Resources United States on record Coal Mining
Felda Global Ventures Holdings Bhd Malaysia on record Agriculture for Palm Oil
IOI Corporation Malaysia on record Agriculture for Palm Oil
Kuala Lumpur Kepong Malaysia on record Agriculture for Palm Oil
Anglo American United Kingdom on record Coal Mining | Mining
Bumi Resources Indonesia on record Coal Mining
Coal of Africa Australia on record Coal Mining
Glencore Switzerland on record Coal Mining Vale Brazil on record Coal Mining | Mining
ZE PAK (Zespół Elektrowni Pątnów-Adamów-Konin) Poland on record Coal Electric Power Generation | Coal Mining
Jindal Steel & Power India on record Coal Mining | Mining
DTEK Ukraine on record Coal Electric Power Generation | Coal Mining | Oil and Gas Extraction
Marubeni Japan on record Coal Electric Power Generation | Mining | Pulp, Paper and Paperboard Mills
Bunge United States on record Agriculture for Food Crops | Agriculture for Palm Oil
Arauco Chile on record Pulp, Paper and Paperboard Mills
EPH Czech Republic on record Coal Electric Power Generation | Coal Mining | Hydroelectric Power Generation | Nuclear Electric Power Generation
Trafigura Singapore on record Commodities Trading | Oil and Gas Extraction
Vitol Switzerland on record Commodities Trading | Oil and Gas Extraction
TC Energy Canada on record Pipeline Transportation of Crude Oil | Pipeline Transportation of Natural Gas
Kinder Morgan United States on record Pipeline Transportation of Crude Oil | Pipeline Transportation of Natural Gas
BAE Systems United Kingdom on record Arms Industry and Trade
CoreCivic United States on record Prisons and Immigration Detention
GEO Group United States on record Prisons and Immigration Detention
Saudi Aramco Saudi Arabia on record Oil and Gas Extraction
Minerva Foods Brazil on record Agriculture for Biofuels | Agriculture for Food Crops | Beef Industry