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JPMorgan Financed $285 Billion in Climate, Sustainability Effort

  • Progress included $106 billion toward green initiatives
  • The firm committed last year to $2.5 trillion over 10 years
A solar farm in India.

A solar farm in India.

Photographer: Dhiraj Singh/Bloomberg

JPMorgan Chase & Co. said it financed and facilitated $285 billion last year toward its $2.5 trillion, 10-year commitment to initiatives that combat climate change and advance sustainable development. 

The progress last year included $106 billion for green initiatives including renewable energy, energy efficiency and sustainable transportation, the New York-based firm said in a report Tuesday. JPMorgan also achieved carbon neutrality for its own operations for the second consecutive year in 2021 through energy-efficiency initiatives, sourcing renewables and purchasing energy-attribute certificates and carbon offsets.