Finance
JPMorgan Plans to Set Climate Targets for Financing Portfolio
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JPMorgan Chase & Co. is planning to set emissions targets for its financing portfolio, joining other massive banks in bringing climate goals to its lending activity.
The biggest U.S. bank will establish goals to be achieved by 2030 for each each industry in its portfolio, starting with oil and gas, automotive manufacturing and electric power, according to a statement Tuesday. It will begin announcing the targets next year.