JP Morgan Chase & Co.

Emissions Details

Scope 1 Emissions

71,523 tonnes (2007)

Scope 2 Emissions

915,346 tonnes (2007)

8.8% reduction vs 2005

Reduction is currently being achieved through:
> Energy efficiency projects (buildings, data centers)
> Purchase of renewable energy credits. Purchased 127,000 MWh of wind energy in 2007.
> Reduction of energy consumption through employee awareness
> Building several green bank branches and seeking Leadership in Energy and Environmental Design certification for the renovation of world headquarters.

Emissions have not been verified

Climate Change Strategy Details

> Investments in Renewables - JPMorgan's wind portfolio includes 26 wind farms in 13 states with 2,035 MW of installed capacity
> Corporate Research - Published a series of reports concerning business and environmental linkages, including legal and regulatory risks related to climate change, and issues and opportunities in biofuels and the ethanol market. In addition, JPMorgan launched the JPMorgan Environmental Index-Carbon Beta (JENI-Carbon Beta), the first high-grade corporate bond index designed to address the risks of climate change in a rigorous way.
> Carbon markets - In the building phase of the Carbon Markets in the EU and in the US.  Among the leaders with respect to secondary market transactions in the EU and a front runner in the US, establishing ahead of legislation.
> Public Policy Dialogue - Working to advance public policy dialogue on climate change and the need to reduce greenhouse gas emissions through a market-based US federal policy on climate change