JPMorgan Targets 20% Emissions Cut

April 22, 2008

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JPMorgan Chase says that by increasing energy efficiencies in its facilities worldwide, purchasing energy from renewable sources, and educating employees on energy conservation, the firm aims to cut its global emissions 20 percent by 2012 using 2005 baseline. In addition, the firm will offset 100 percent of all employee air travel.

“Climate change is a global problem that requires global solutions. At JPMorgan Chase, we are doing our part by identifying opportunities to promote environmental sustainability – including our own impact on the environment as well as investments in technology and research that helps our clients and communities,” said the bank’s Jim Fuschetti, managing director of Environmental Affairs, JPMorgan Chase.

JPMorgan Chase is making its 50-story headquarters at 270 Park Avenue in Manhattan more environmentally-friendly.

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