- Data limitations and lack of available decarbonization pathways in some sectors.
- Challenges in the timely availability of data inputs to calculate carbon intensity.
- Inconsistencies in the measurement, management, and reporting of emissions data in some sectors (e.g., methane emissions in Oil & Gas).
JPMorgan Chase & Co.
Carbon Emissions & Sustainability Report
CO₂ Emissions
Not available
2023
Renewable Energy
100% (electric power needs)
of total energy
Water Usage
Not available
2023
Waste
Not available
2023
Energy Use
2.0M MWh (2023)
2023
📊 Emissions Breakdown (2023)
Scope 1
Direct emissions
115.3K mtCO2e (2023)
Scope 2
Electricity
792.5K mtCO2e (2023 location-based)
Scope 3
Supply chain
255.5K mtCO2e (2023 Category 6 - business travel)
📈 Historical Emissions
2023
Not available
2022
Not available
2021
Not available
2020
730.2K MtCO2e (Scope 1 and 2 location based)
2019
637.8K MtCO2e
2018
Not available
✅ Key Environmental Achievements
- Financed and facilitated $66 billion in support of its $1 trillion Green objective in 2023, bringing the cumulative total to $242 billion since 2021.
- Reduced Scope 1 and Scope 2 (location-based) GHG emissions by 12% from 2017 baseline.
- Sourced renewable electricity for 100% of its global electric power needs annually since 2020.
- Signed long-term agreements to purchase over $200 million in high-quality, durable carbon dioxide removal (CDR) to offset unabated Scope 1 emissions.
🎯 Future Goals
🔜 Short-term
- Reduce Scope 1 and Scope 2 (location-based) GHG emissions by 40% by 2030 vs. a 2017 baseline.
- Source 100% renewable electricity for global electric power needs annually.
- Satisfy at least 70% of renewable electricity with on-site generation and long-term renewable electricity contracts by the end of 2025.
📅 Medium-term
- Finance and facilitate $1 trillion to support climate solutions by 2030.
🔭 Long-term
- Align key sectors of financing portfolio with net zero emissions outcomes.
🌱 ESG Focus Areas
Climate ChangeEnvironmental SustainabilityGovernance