| Website | http://www.jpmorganchase.com |
| Headquarters |
270 Park Avenue
10017-2070 New York
United States
|
| CEO/chair |
Jamie Dimon CEO & Chairman |
| Supervisor | |
| Ownership |
listed on London Stock Exchange, NYSE & Tokyo Stock Exchange
JPMorgan Chase's shareholder structure can be accessed here. |
JPMorgan Chase is one of the Big Four Banks of the United States (along with Bank of America, Citigroup and Wells Fargo). The bank 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 offers investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity.
JPMorgan Chase's most important sustainability commitments can be found at the website sections listed below.
JPMorgan Chase is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of JPMorgan Chase's link to these deals.
The Dark Side of US LNG is the result of a field mission to the United States to uncover the strong and growing ties between Italy, and in particular Italy's largest banking group, Intesa Sanpaolo, and the American liquefied natural gas (LNG) sector. Interviews by ReCommon. Filming, editing and music: Carlo Dojmi di Delupis. www.recommon.org
JP Morgan Chase does not operate a complaints channel for individuals and communities that may be adversely affected by its finance. However, customers can contact the bank at corporate.responsibility@jpmchase.com whereas stakeholders may raise complaints via the OECD National Contact Points (see OECD Watch guidance).
This page evaluates JPMorgan Chase's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
The 2024 Banking on Climate Chaos report showed that JPMorgan Chase provided US$ 430.926 Billion in financing to the fossil fuel industry between 2016 and 2023. In 2023 only, JPMorgan Chase provided US$ 19.312 Billion for oil, gas and coal companies expanding fossil fuels. Find further details on JPMorgan Chase fossil fuel portfolio and how it compares to other large banks globally on Fossil Banks No Thanks and in the Banking on Climate Chaos report.
Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assesments. Find further details on their assessment of JPMorgan's fossil fuel policy below.
The purpose of the False Solutions Tracker is to give a clear overview of energy technologies that fall under banks' individual sustainable finance commitments. The tracker lists 11 energy technologies that are usually associated with the energy transition and the decarbonisation of the economy. These technologies are defined here and classified in three categories:
Real solutions: Technologies that deliver on a Just Transition towards Energy Democracy. BankTrack considers these technologies as real solutions only if and when they do deliver Energy Democracy.
Solutions under strict conditions: Energy technologies that could be real solutions if they deliver on a Just Transition towards Energy Democracy but that could also be false solutions. This is the case of hydrogen and hydropower. On one hand, fossil-free and green hydrogen could be a real solution under certain conditions. However, fossil-based hydrogen and nuclear hydrogen are always false solutions. On the other hand, hydropower lifespan extension could also be a real solution under strict conditions while hydropower expansion is a false solution.
False solutions: Energy technologies that are not aligned with a just transition towards Energy Democracy.
For each one of the 11 energy technologies, the tracker indicates if it is included in bank's individual sustainable finance commitments:
For Real solutions:
For solutions under strict conditions and for false solutions:
BankTrack assessed JPMorgan Chase in its 2024 Global Human Rights Benchmark, where it achieved 2.5 points out of 15 and was ranked as a “laggard”.
The bank scored 0 out of 3 points on the new “specific rights indicators”, which assess how banks address human rights defenders, Indigenous Peoples’ right to Free, Prior and Informed Consent and environmental rights in their policies and practices.
In addition, JPMorgan Chase scored 0.38 out of 3 on how it responds to alleged human rights violations linked to its finance, which were raised by civil society organisations. More information is detailed in the “Accountability” section of this profile.
The table below shows BankTrack's assessment of how JPMorgan Chase has implemented the UN Guiding Principles on Business and Human Rights. Please click on 'expand all details' and 'explanation' for further information on the methodology.
Our policy assessments are always a work in progress. We very much welcome any feedback, especially from banks included in the assessments. Please get in touch at humanrights@banktrack.org.
JPMorgan Chase’s policies for forest-risk sectors (beef, soy, palm oil, pulp and paper, rubber and timber) have been assessed by the Forests & Finance coalition, achieving an overall score of 2.1 out of 10 and ranking it as a follower. JPMorgan Chase achieved a score of 1.7 out of 10 specifically for its policies related to the beef sector and 5.6 out of 10 for its policies related to the palm oil sector. In addition, BankTrack and the Environmental Paper Network have assessed JPMorgan Chase’s policies related to the pulp and paper sector.
Between 2016 and 2022, JPMorgan Chase provided USD 6,937 million in credit to companies operating in these forest-risk sectors and held investments amounting to USD 217 million as of 2022.
BankTrack has also assessed JPMorgan Chase’s policies related to the wood biomass sector and found that biomass is not mentioned in its policies and no safeguards or exclusions are in place for wood biomass. For more information, see the links below.
A bank can obtain a total of 10 points for the quality of its policies. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:
A bank can obtain a total of 10 points for the quality of its beef policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:
A bank can obtain a total of 10 points for the quality of its palm oil policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:
JPMorgan Chase left the Net Zero Banking Alliance (NZBA) on 7 January 2025. Before that, as a NZBA member it had committed to reduce its financed emissions to net zero by 2050; within 18 months of joining the alliance set interim targets for 2030 (or sooner) for high emission priority sectors, and within 36 months set further sector targets; set new intermediary targets every 5 years from 2030 onwards; annually publish data on emissions and progress against a transition strategy including climate-related sectoral policies; and take a robust approach to the role of offsets in transition plans. BankTrack will keep track of Goldman Sachs and other ex-NZBA member banks' climate action in a specific section of the NZBA tracker.
BankTrack is keeping track of the public response of JPMorgan Chase to Russia's illegal invasion of Ukraine. JPMorgan Chase did not publicly condemn the war. JPMorgan Chase is considered by Leave-Russia.org to be "scaling back" its operations in Russia. We categorise its exposure to Russia as moderate. JPMorgan Chase supports the Russian fossil fuel industry through investments, loans, and underwriting. For further details, see the table linked below.
As part of the Net Zero Banking Alliance (NZBA), JPMorgan Chase is required to set interim targets for 2030 for high emission priority sectors. For JPMorgan Chase, this includes its lending to the steel sector. You can see JPMorgan Chase’s iron and steel decarbonisation targets, and its progress towards meeting them in our NZBA steel targets compliance tracker:
Partner organisation Reclaim Finance’s 2023 report on metallurgical coal financing showed that JPMorgan Chase provided US$ 5.9 billion in loans and underwriting to developers of new metallurgical coal between 2016 and 2022. Find further details on JPMorgan Chase’s metallurgical coal financing and and how it compares to other large banks globally in the report.
Reclaim Finance tracks the metallurgical coal policies of financial institutions, including banks, in their Coal Policy Tool. BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of JPMorgan Chase’s metallurgical coal policy below.
According to a report by Reclaim Finance, between 2016 and June 2023, JPMorgan Chase provided $11.8 billion in finance to the fossil-steel industry, making it the 4th largest financier worldwide. Find further details on JPMorgan Chase's steel financing and how it compares to other large banks globally in the report.
