JPMorgan Chase

JPMorgan Chase & Co. is an American multinational banking and financial services holding company headquartered in New York City. It is the largest bank in the United States, the world's sixth largest bank by total assets, with total assets of US$2.5 trillion, and the world's second most valuable bank by market capitalization, after the Industrial and Commercial Bank of China.

Climate Change 2018

STATUS: pending

BE IT RESOLVED:  Shareholders request that JPMorgan Chase prepare a report, omitting proprietary information and prepared at reasonable cost, by September 2018, on the reputational, financial  and climate risks associated with project and corporate lending, underwriting, advising and investing for tar sands production and transportation.  This report should include assessments of:  

• Short- and medium-term risk of portfolio devaluation due to stranding of high cost tar sand assets.
• Whether JPMC’s tar sands financing is consistent with the Paris Agreement’s goal of limiting global temperature increase to “well below 2 degrees Celsius”.
• How tar sands financing aligns with our company’s support for Indigenous People’s rights.
• Reducing risk by establishing a specific policy, similar to that of other banks, restricting financing for tar sands projects and companies.

Filing Documents

• Resolution

Related 2018 Engagements