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JP Morgan Commits $200 Billion for Sustainability, To Stop Lending to Coal Companies

The bank said It hopes to phase out credit exposure to coal and drilling companies by 2024

March 3, 2020

/ Nithin Thomas
/ Finance and M&A, Other,
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U.S.-based JP Morgan Chase, one of the world’s largest banking institutions, announced that it has committed $50 billion (~₹3.59 trillion) towards green initiatives as part of a larger $200 billion (~₹14.37 trillion) commitment towards the United Nations Sustainable Development Goals (SDGs).

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Nithin Thomas

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bankClimatedevelopmentFinancingJPMorganSustainable
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