JPMorgan Chase & Co
Primary Climate Goal
JPMorgan Chase & Co's target annual Scope 1 + 2 emissions for 2030 should be equal to 405 Kt = 40% * 675 Kt, according to the company's stated climate goal.
In order to achieve this goal, JPMorgan Chase & Co would need to reduce its emissions at least by 33 Kt per annum over the period from 2021 to 2030:
33 Kt = ( 405 Kt - 74 Kt ) / (2030 - 2020)
This translates into a +45% increase in 2021.
The projected range shown on the chart is based on the Exerica's algorithm which takes account of both the company's stated goal and its past performance.
JPMorgan Chase & Co aims to reduce Scope 1 + 2 by 40% by 2030 from a base year 2017
This target is most likely outdated and the company appears to have already achieved it
Science Based Targets initiative In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
GHG emissions and Carbon intensity
Scope 1 + 2 GHG emissions (in tons of CO2e) divided by the company's Revenues (in USDm) for the same period
JPMorgan Chase & Co reported gross GHG emissions (Scope 1 + 2 before carbon offsets) for the twelve months ending 31 December 2020 at 74 Kt (-564 /-88.4% y-o-y). Also positively, carbon intensity plunged to 0.6 t (-4.9 /-89.1% y-o-y).
JPMorgan Chase & Co's Scope 3 emissions plummeted to 36 Kt (
The company is committed to reducing Scope 1 + 2 by 40% by 2030 from a base year 2017, which it appears to have already achieved as of 2020. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.