JPMorgan Chase & Co.

"JPMorgan Chase & Co. has committed to maintaining carbon neutral operations annually, starting in 2020. Net Zero Tracker
This includes Scope 1 (direct) greenhouse gas emissions from building operations and company-owned aircraft and vehicles; Scope 2 (indirect) emissions from purchased electricity; and partially covers Scope 3 (indirect) emissions associated with business travel. Net Zero Tracker
The company's interim target is to reduce emissions by 40% by 2030 compared to a 2017 baseline. Net Zero Tracker
An interesting fact about their environmental policy is that they allow for traded credits (offsets) from outside their territory/value chain to meet the target. Net …"

Current Score (vs. LY)

38.5 pts (0.0)

Last Update: Dec. 12, 2023

Current Rankings

Global: #109

S&P100: #74

Financials: #18

50.0%

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

27.5%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

41.7%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 84,91169,57081,655
Scope 2 - location-based 755,514660,601692,299
Scope 2 - market-based 6,2804,187556,142
Scope 1-2 - location-based 840,425730,171773,954
Scope 1-2 - market-based 91,191 73,757 637,797
Scope 3 38,33636,169181,004
Total - location-based 878,761766,340954,958
Total - market-based 129,527 109,926 818,801

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 6,203,8714,970,500
Methodology Pre-calculated sector intensity (revenue)Pre-calculated sector intensity (revenue)

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)



Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

JPMorgan Chase & Co. belongs to the sector Financials.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2MKT 40.0 2017 2030

Net Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email


Net Zero Future Commitments

There is no net zero target recorded in our database. Email us to report missing information Email


Net Zero Policy

The company has a net zero policy : every year, carbon emissions will be balanced with carbon offsets, on scope emissions.


Science-based Targets (SBTI)

There is no Science-Based target recorded in our database. Email us to report missing information Email

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for JP Morgan Chase by zerotracker.net: Sept. 4, 2024
Planning to use external offset credits Yes
Separate targets for emission reductions and removals Yes
Conditions on use of offset credits
  • Other conditions
Plans for carbon dioxide removal (CDR) Not Specified

Additional notes: At the time of reporting, the carbon-neutral end target still includes carbon offsets, while the emission reductions interim target does not. However, it is said in the 2023 ESG Report that JP Morgan Chase "plan to continue our efforts to reduce our GHG emissions and address our unabated operational emissions through the purchase and retirement of high-quality carbon credits, as outlined in our GHG Mitigation Hierarchy in page 34. However, going forward, we do not plan to refer to these efforts as "carbon neutrality" given the varying assumptions and debate related to that term." On Carbon Removal: "In 2023, our portfolio included credits from nature-based, hybrid and engineered removal projects, including improved forest management (“IFM”), afforestation, blue carbon, biochar and bio-oil sequestration. By supporting different kinds of carbon removal projects, we aim to help develop the broader market and scale emerging solutions. Over time, we intend to progressively increase procurement of long-term or permanent carbon dioxide removals (“CDR”) with the aim of helping to accelerate and scale the development of related technologies. To that end, in 2023, the Firm signed long-term agreements to purchase over $200 million in high-quality, durable29 CDR. The CDR from these agreements are intended to remove and store approximately 800,000 mtCO2e from the atmosphere and to enable us to match every ton of our unabated Scope 1 direct operational GHG emissions with durable carbon removal by 2030. We remain dedicated to supporting a diverse range of project types, including nature-based projects that contribute to both carbon mitigation and the preservation of natural ecosystems." (P.35, 2023 ESG Report)

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points) 		Max
(points) 		Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 10.0 10.0 0.0
2 Scope 3 emissions are fully reported and externally-verified 5.0 10.0 0.0
3 CDP score demonstrates the level of transparent disclosures 0.0 10.0 0.0
Transparency 15.0 30.0 0.0
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 6.0 10.0 0.0
5 Net Zero targets demonstrate a high-level of emergency 5.0 10.0 0.0
6 Emission reduction targets on a forward-looking basis are ambitious 0.0 10.0 0.0
7 Targets are science-based as validated by SBTi 0.0 10.0 0.0
Commitments 11.0 40.0 0.0
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 5.0 10.0 0.0
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 0.0
10 Implied Temperature Rating by MSCi 7.5 10.0 0.0
Results 12.5 30.0 0.0
Total 38.5 100.0 0.0


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? yes 5.0 / 5.0 5.0 0.0 5.0
Are S1+S2 figures verified by a 3rd-party for the last reporting year? yes 5.0/ 5.0 5.0 0.0 5.0
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? partly 2.5 / 5.0 2.5 0.0 2.5
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? partly 2.5 / 5.0 2.5 0.0 2.5
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? NONE 0.0 / 10.0 0.0 0.0 0.0
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? yes 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include an intermediate target by 2030? 2030 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include all the emissions? NC 0.0 / 4.0 0.0 0.0 0.0
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? Net Zero Policy 5.0 / 5.0 5.0 0.0 5.0
Target year for achieving net zero emissions for S1+S2+S3 combined? NC 0.0 / 5.0 0.0 0.0 0.0
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2? -38.2
0.0 / 5.0 0.0 0.0 0.0
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? NC 0.0 / 10.0 0.0 0.0 0.0
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %): 12.3
Actual (in %): 86.5
5.0 / 5.0 5.0 0.0 5.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
Forward-looking reduction could not be calculated
 0.0 / 5.0 0.0 0.0 0.0
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 1.7°C 7.5 / 10.0 7.5 0.0 7.5
Total 38.5 / 100.0 38.5 0.0 38.5


Available Data Sources

Reporting Year 2021 2021 2020 2020 2020 2019 2019 2018
Source Public Yourstake CDP Public Public Public CDP Public
Publication Year 2022 2022 2021 2021 2021 2021 2020 2021
Scope 1 84,911 84,911 69,570 69,570 81,944 81,655 81,655 83,101
Scope 2 - location-based 755,514 755,514 660,601 660,601 816,056 692,299 692,299 739,458
Scope 2 - market-based 6,280 6,280 4,187 4,187 4,929 556,142 556,142 572,067
Scope 1-2 - location-based 840,425 840,425 730,171 730,171 898,000 773,954 773,954 822,559
Scope 1-2 - market-based 91,191 91,191 73,757 73,757 86,873 637,797 637,797 655,168
Scope 3 38,336 38,336 36,169 36,169 36,169 181,004 213,233 176,356
Total - location-based 878,761 878,761 766,340 766,340 934,169 954,958 987,187 998,915
Total - market-based 129,527 129,527 109,926 109,926 123,042 818,801 818,801 831,524

Sources

Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

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