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JPMorgan Chase and Citi joined Bank of America on Thursday in rolling out 13-figure environmental, social and governance (ESG) commitments.
JPMorgan Chase on Thursday said it aims, by 2030, to finance and facilitate $2.5 trillion to address climate change and advance sustainable development. About $1 trillion of that total will be dedicated toward green initiatives that boost renewable energy and clean technologies, the bank said in a press release. Climate change and inequality are two of the critical issues of our time, and these new efforts will help create sustainable economic development that leads to a greener planet and critical investments in underserved communities, JPMorgan CEO Jamie Dimon said Thursday in a statement.
JPMorgan y Citi buscan financiar US$ 3 5 billones en iniciativas verdes
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JPMorgan s $2 5 Trillion Climate Plan Targets Sustainable Development
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NEW YORK (Reuters) - JPMorgan Chase & Co aims to lend, invest and provide other financial services for up to $2.5 trillion of banking business to be done for companies and projects tackling climate change and social inequality over the next decade.
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In a statement on Thursday, JPMorgan said green initiatives will account for $1 trillion of that total - the largest environmental, sustainable and governance (ESG) financing target announced by a U.S. bank to date.
That could mean lending or investing in companies that develop clean-energy technology for the trucking, aviation or industrial manufacturing sectors, the bank’s head of sustainability, Marisa Buchanan, told Reuters in an interview.
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