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Corporate Social Responsibility
News
5.14.2007 - 09:16am ET
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JPMorgan Makes Climate Change Research Publicly Available
(CSRwire) NEW YORK--(BUSINESS WIRE)--May 14, 2007--In an effort to heighten the
awareness and understanding of climate change as it relates to financial
markets, JPMorgan's research department announced today that it is making
its analysis on the subject publicly available on its website: jpmorgan.com/climatechange.
"This is about taking a leadership role on a very significant global
issue," said Nick O'Donohoe, global head of research. "The analysis we
have produced, and will continue to produce, in this area can be helpful
to, not only clients, but academics, researchers, and governments as we
address the growing concern of climate change."
In their environmental research, JPMorgan analysts and economists
focus on economic, legislative and business developments in light of
current and proposed carbon operating constraints. Recent reports include:
Capturing the Gains from Carbon Capture; Global Utilities: Trading Climate
Change; Coal and Carbon Controls; and Liability for Climate Change. Also
available on the website is information and aggregated values for the
JPMorgan Environmental Index - Carbon Beta (JENI-Carbon Beta), the first
high-grade corporate bond index designed to address the risks of global
warming.
JPMorgan's decision to make its environmental research publicly
available underscores the firm's commitment to the issue. In addition to
reducing its own carbon emissions, as set forth in its environmental
policy, the firm raised $1.5 billion of equity for the wind power market
in 2006 and has its own portfolio of investments in renewable energy
totaling $1 billion. The firm is also the lead sponsor for this week's C40
Large Cities Climate Summit in New York to further engage business and
political leaders on climate change.
About JPMorgan Chase
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial
services firm with assets of $1.4 trillion and operations in more than 50
countries. The firm is a leader in investment banking, financial services
for consumers, small business and commercial banking, financial
transaction processing, asset and wealth management, and private equity. A
component of the Dow Jones Industrial Average, JPMorgan Chase serves
millions of consumers in the United States and many of the world's most
prominent corporate, institutional and government clients under its
JPMorgan and Chase brands. Information about the firm is available at www.jpmorganchase.com
Copyright Business Wire 2007
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