Thread by @jpmorgan

Climate change and inequality are two of the most critical issues of our time, and business has an important role in addressing them.

[THREAD] 👇

Today we are announcing more than $2.5 trillion over 10 years to advance long-term solutions that tackle climate change 🌎 and further sustainable development. jpmorganchase.com/news-stories/j…

This new effort will focus on 3 objectives:

🌿 Advancing green initiatives
🏦 Supporting development finance
🏡 Driving community development

1️⃣ Advancing green initiatives: Renewable energy and clean technology.

This includes $1 trillion for #GreenInitiatives that support climate action, with the goal of accelerating the deployment of solutions for cleaner energy sources and the transition to a low-carbon economy.

This focus helps set a path for achieving net-zero emissions by 2050 and complements our Paris-aligned financing strategy.
jpmorganchase.com/ir/news/2020/a…

2️⃣ Supporting development finance: A focus on supporting socioeconomic development and quality of life in developing countries.

By originating and structuring transactions, we will mobilize capital 💵 to advance the United Nations SDGs in emerging economies.

This effort furthers the objective of the J.P. Morgan Development Finance Institution.
jpmorgan.com/solutions/cib/…

3️⃣ Driving community development: Advancing economic inclusion in developed markets.

We will continue our efforts on small business financing 💼, home lending 🏠 and affordable housing, education 📚 and healthcare 🩺.

This includes our recent $30 billion commitment to advance #RacialEquity.
jpmorganchase.com/impact/path-fo…

Business, government and community leaders must work together 🤝 to get the world on a more sustainable path.

Today’s announcement is part of our continued efforts to bring together the best of our company to advance climate action, sustainable development and economic inclusion, and help improve the world 🌎 for generations to come.
jpmorganchase.com/impact/sustain…