JP MORGAN CHASE & CO. | Sustainability ROI report at JP MORGAN CHASE & CO.

Status
Filed
AGM date
Previous AGM date
Proposal number
7
Resolution details
Company ticker
JPM
Lead filer
National Center for Public Policy
Resolution ask
Report on or disclose
ESG theme
  • Environment
ESG sub-theme
  • Climate change
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Financials
Company HQ country
United States
Resolved clause
RESOLVED: Shareholders request the Board of Directors issue a report by the next annual meeting, at reasonable cost and omitting proprietary information, assessing whether and to what extent the Company’s sustainability investments referenced in its 2024 Sustainability Report were authorized based on positive Net Present Value (NPV) analysis and are maintained based on quantifiable Return on Investment (ROI) metrics.
Whereas clause
WHEREAS: JPMorgan Chase & Co. ("the Company") has fiduciary duties to prioritize the financial interests of its shareholders. 1 WHEREAS: While the Company asserts that its approach to sustainability is “driven by commercial considerations,” the sheer magnitude of capital allocated to environmental and social objectives requires rigorous financial transparency. 2 WHEREAS: Shareholders should be concerned that the 2024 Sustainability Report emphasizes volume-based metrics (total dollars committed) rather than performance-based metrics (profitability or risk-adjusted expected returns), potentially obscuring whether these initiatives generate shareholder value.
Supporting statement
SUPPORTING STATEMENT: The Company’s 2024 Sustainability Report details massive capital mobilization without apparently providing the requisite financial data to determine if these investments are fully informed by traditional financial metrics. 1. The $2.5 Trillion Sustainable Development Target (SDT): The Company has established a goal to finance and facilitate $2.5 trillion by 2030, having already deployed $900 billion since 2021. In 2024 alone, the Company deployed $226 billion toward this target. While the Company claims these targets “indicate our intent to capture sustainability-related opportunities,” there is no disclosure confirming that this $2.5 trillion portfolio was authorized based on NPV calculations comparable to the Company’s traditional lines of business. And without ROI data, shareholders cannot assess if this volume is driven by genuine market demand or artificial targets detached from economic reality. 2. The Development Finance Portfolio: In 2024, the Company qualified approximately $129 billion toward Development Finance. This capital is directed toward emerging economies to support United Nations Sustainable Development Goals. Financing in emerging markets inherently carries higher risk profiles. The Report notes these transactions are qualified based on “anticipated environmental and socioeconomic impacts,” yet apparently fails to demonstrate that these investments represent the best use of shareholder assets based on traditional financial metrics. 3. The Green Objective: The Company has targeted $1 trillion specifically for “Green” initiatives by 2030, with $68 billion deployed in 2024 for renewable energy and green bonds. The Report states that the Company's approach is “rooted in commercial considerations.” However, “commercial considerations” is a vague standard compared to clear NPV and ROI. Given the political and regulatory pressures to expand green nancing, shareholders require assurance that the authorization of this $1 trillion target was grounded in mathematical proof of value rather than ideological alignment. Absent this report, shareholders are unable to distinguish between prudent business expansion and non-financial social endeavors. We urge a vote FOR this proposal to ensure financial discipline governs the Company’s sustainability strategy.

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