JPMorgan Chase Climate Goals

JPMorgan Chase's climate impact comes mostly from the emissions of the companies it finances. This page covers its net-zero financing goal, its $2.5 trillion sustainability target, and what changed in 2025. Last updated October 2026.

JPMorgan Chase's Climate Goals at a Glance

• Financing target: finance and facilitate $2.5 trillion by the end of 2030 for sustainable development, including $1 trillion for green initiatives.
• Net zero: JPMorgan Chase set sector targets for 2030 to align its financing with net zero by 2050.
• 2025 change: it left the Net-Zero Banking Alliance in January 2025.
• Carbon removal: JPMorgan Chase is a member of Frontier, the buyer coalition for permanent carbon removal.

Net Zero by 2050: Sector Targets

In 2021 JPMorgan Chase announced it would align its financing with net zero by 2050 and set 2030 targets for high-emitting sectors. Its 2023 climate report expanded an oil and gas end-use target into an Energy Mix target that includes zero-carbon power generation, aligned with the IEA's net-zero scenario.

The $2.5 Trillion Sustainable Development Target

JPMorgan Chase aims to finance and facilitate $2.5 trillion over ten years, to the end of 2030, to advance climate action and sustainable development, with $1 trillion of that for green initiatives.

Leaving the Net-Zero Banking Alliance

In January 2025 JPMorgan Chase left the Net-Zero Banking Alliance, part of a wave of departures by large US banks.

Carbon Removal and Frontier

JPMorgan Chase is a Frontier member. In 2023 Frontier signed $47 million of carbon removal offtakes on behalf of JPMorgan Chase, Stripe, H&M Group and others, with the direct air capture companies CarbonCapture and Heirloom. Learn more in our Direct Air Capture guide.

Sustainable Finance

The bank finances renewable energy, clean transport and climate-resilient infrastructure, and advises clients on transition plans and climate risk.

Transparency and Reporting

JPMorgan Chase publishes annual sustainability and climate reports covering financed emissions targets and progress.

Challenges and Opportunities

• Gaps in client emissions data.
• Balancing client relationships, returns and climate alignment.
• A changing policy environment for climate-aligned finance.

Frequently Asked Questions About JPMorgan Chase's Climate Goals

What is JPMorgan Chase's climate target?

To align its financing with net zero by 2050, with 2030 sector targets, and to finance and facilitate $2.5 trillion for sustainable development by the end of 2030.

Did JPMorgan Chase leave the Net-Zero Banking Alliance?

Yes, in January 2025.

Does JPMorgan Chase buy carbon removal?

It is a Frontier member, and Frontier signed removal offtakes on its behalf in 2023.

How does JPMorgan Chase compare with other banks?

Compare with Morgan Stanley.

Sources

JPMorgan Chase Sustainability, Fintech Global: JPMorgan departs NZBA and ESG Today: Frontier deals.