Commentary

Is JPMorgan showing leadership on emissions targets? Let’s hope not

The bank’s latest retreat on climate change is not to be imitated by others

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JPMorgan’s latest move, disclosed in its recent sustainability report for 2024, is to drop its target to cut emissions from its own operations by 40% by 2030 Photo: Sergey Nivens/Getty Images

David Wighton is a columnist at Financial News

The decision by JPMorgan in January to withdraw from the Net Zero Banking Alliance was seen as a serious blow to the finance industry’s efforts to combat climate change. 

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