J.P. Morgan

InfluenceMap Score
D+
Performance Band
54%
Organisation Score
48%
Relationship Score
Sector:
Financials
Head​quarters:
New York, United States
Brands and Associated Companies:
J.P. Morgan, J.P. Morgan Asset Management, Chase
Official Web Site:
Wikipedia:

Climate Lobbying Overview: JP Morgan & Chase Company (JP Morgan) appears to have low but mixed engagement with climate change policy. The company has issued top-line support for climate policy through joint public statements, but InfluenceMap found limited evidence and disclosure of the company's recent climate policy positions and engagement.

Top-line Messaging on Climate Policy: JP Morgan accepts the science of climate change in its 2019 Climate-Related Risks report. In the company’s 2020 ESG Report, JP Morgan was unclear if supported IPCC-demanded emissions reductions. In a 2021 Center for Climate and Energy Solutions joint letter, JP Morgan supported national policies to combat climate change in the US and advocated for the US reentry into the Paris Agreement.

Engagement with Climate-Related Regulations: JP Morgan appears to disclose positions on a limited number of specific climate policies. In November 2021, The Guardian reported a company spokesperson stated support for a carbon tax. The company has supported a carbon tax framework in the United States through the Climate Leadership Council in its 2020 Annual Report. The company appears to have very limited disclosure on its positions toward, or engagement with, various strands of climate policy on its corporate website and does not disclose any policy engagement in its 2021 CDP Disclosure.

Positioning on Energy Transition: Although JP Morgan appeared to support the transition to a low-carbon economy in an April 2021 company news release, the company has opposed transitioning the energy mix away from fossil fuels. In March 2022, CEO Jamie Dimon reportedly advocated for a new “Marshall Plan” to boost domestic production of oil and gas in a meeting with President Biden. In November of 2021, The Guardian reported that a company spokesperson stated “the solution is not as simple as walking away from fossil fuels.” Mother Jones reported in April 2021 that JP Morgan advocated for policymakers to provide financial support to the oil and gas industry during the COVID-19 pandemic. The company stated that “the world will need to continue to use fossil fuels for the foreseeable future” in its 2021 Environmental and Social Policy Framework. In its 2020 ESG Report, JP Morgan stated that “currently there are not adequate, commercially available low carbon energy solutions for all of the world’s energy needs” and “industries that produce and consume these resources cannot be abandoned completely.”

Industry Association Governance: JP Morgan discloses memberships to multiple industry associations on its 2020 Political Engagement Report, but does not provide any details in its 2021 CDP response. The company is a member of both the US Chamber of Commerce and Business Roundtable, as well as the California Chamber of Commerce, where a JP Morgan executive sits on the Board of Directors. JP Morgan has not published a review of its alignment with its industry associations.

QUERIES
DATA SOURCES
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12NSNANANANA
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11NSNA11NA
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-11NSNA-2-2NA
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0NA-2NANANANA
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Strength of Relationship
STRONG
 
 
 
 
 
 
 
WEAK
 
22%
 
22%
 
71%
 
71%
 
28%
 
28%
 
68%
 
68%
 
49%
 
49%
 
52%
 
52%
 
55%
 
55%
 
57%
 
57%

How to Read our Relationship Score Map

In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.