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Last update: 2016-09-28 11:52:53
Ben Collins, Rainforest Action Network
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JPMorgan Chase is one of the Big Four Banks of the United States (along with Bank of America, Citigroup and Wells Fargo). The firm 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 firm is a market leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity.
270 Park Avenue
10017-2070 New York
Jamie Dimon |
CEO & Chairman
2015 Corporate Responsibility Report|
Annual Report 2015
listed on London Stock Exchange, NYSE Euronext & Tokyo Stock Exchange
Voluntary initiativesJPMorgan Chase has committed itself to the following voluntary standards:
- Business Environmental Leadership Council (BELC)
- Carbon Principles
- Equator Principles
- Extractive Industries Transparency Initiative
- Global Reporting Initiative
- Green Bond Principles
- International Hydropower Association
- Principles for Responsible Investment
- RSPO Principles and Criteria for Sustainable Palm Oil Production
- Soft Commodities Compact
- UN Guiding Principles on Business and Human Rights
- UNEP Finance Initiative
- Wolfsberg Principles
- World Business Council for Sustainable Development
BankTrack campaigns and JPMorgan Chase
True leader Front runner Follower Laggard
BankTrack has assessed JPMorgan Chase on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. JPMorgan Chase is assessed as a Laggard, with a total score of 0.5/12.
Implementation and reporting
JPMorgan Chase is reporting on the implementation here.
Contact and complaints
Equator Principles Dodgy Deals
Breakthrough: JPMorgan Chase Dropping Mountain Destruction
After more than five year of campaign by Rainforest Action Network demanding that JPMorgan Chase and other banks drop MTR financing, in mid April 2014, JPMorgan Chase updated its environmental policy, revealing that it will be ending financial relationships with Mountaintop Removal coal mining companies. RAN will remain vigilant to ensure JPMorgan Chase stays on the path away from MTR.
More US and European Banks step back from Mountaintop Removal
In 2013, BNP Paribas pledged to cut financing for top producers of mountaintop removal coal. In spring 2014, JPMorgan Chase updated its environmental policy committing to aggressively reduce its financing relationships with mountaintop removal coal mining companies. And in April 2014, Royal Bank of Scotland followed suit, updating their environmental policies to prohibit financing to companies who are "significant producers of coal using mountaintop removal (MTR) mining in Appalachia."
Wall Street turns its back on Mountaintop Removal coal mining
After sustained campaigning by RAN, eight of Wall Street's biggest banks have developed public policies limiting their appetite for investment in mountaintop removal (MTR) coal mining. By 2011, MTR policies or statements had been released by banks including Credit Suisse, JP Morgan Chase, Morgan Stanley and Wells Fargo, PNC bank and UBS. The policies were assessed by RAN in the 2011 MTR report card. RAN and others continue to scrutinize implementation of these policies.