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JPMorgan, Citi Pledge Trillions Toward Climate, Sustainability

  • Goal for JPMorgan includes $1 trillion for green solutions
  • U.S. banks boost efforts to fight climate change amid pressure
Signage on a Chase bank branch in San Francisco, California.
Photographer: David Paul Morris/Bloomberg
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JPMorgan Chase & Co. set a goal to finance $2.5 trillion in initiatives that combat climate change and advance sustainable development over the next 10 years, while Citigroup Inc. said it would back $1 trillion of similar efforts by 2030.