U.S.-based investment bank JPMorgan has become increasingly vocal about its growing ambition to reduce exposure to climate change risks and foster positive change among its customers, investees, and peers.
The bank has warned of widespread, destructive droughts, wildfires, and higher sea levels, along with negative impacts on economic growth.
But what are its plans for deforestation and how much investment exposure does with companies/sectors tied to deforestation?
In this report, we dive into JPMorgan’s ties to deforestation, vulnerable sectors like Brazilian soy and cattle, and recommended next steps for the bank to walk-the-walk when it comes to setting meaningful climate goals.
