JPMorgan Chase & Co
JPMorgan Chase & Co's GHG Emissions Data Preview
In 2023, JPMorgan Chase & Co completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
JPMorgan Chase & Co has also provided a category-level breakdown for 2 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  c | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  c | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  c | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  c | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
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Verified Sources Behind JPMorgan Chase & Co’s Greenhouse Gas (GHG) Emissions Data
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Insights into JPMorgan Chase & Co's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of JPMorgan Chase & Co amounted to 907,773 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a
Compared to 2022, the total operational greenhouse gas (GHG) emissions of JPMorgan Chase & Co increased by 4.08%, suggesting that the company faced challenges in reducing its emissions from its core operations. a c
JPMorgan Chase & Co's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are JPMorgan Chase & Co's Scope 1 emissions?
In 2023, the total Scope 1 emissions of JPMorgan Chase & Co were 115,294 metric tons of CO₂ equivalent (tCO₂e). a
Has JPMorgan Chase & Co reduced its Scope 1 emissions over time?
Since 2018, JPMorgan Chase & Co's Scope 1 emissions have increased by 17.04%, reflecting a rising long-term trend in Scope 1 emissions over time. a d
Compared to the previous year (2022), JPMorgan Chase & Co's Scope 1 emissions increased by 30.2%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a c
What are JPMorgan Chase & Co's Scope 2 emissions?
In 2023, JPMorgan Chase & Co reported Scope 2 greenhouse gas (GHG) emissions of 3,642 tCO₂e using the market-based method and 792,479 tCO₂e using the location-based method. a
Has JPMorgan Chase & Co reduced its Scope 2 emissions over time?
Since 2018, JPMorgan Chase & Co's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 13.85%, reflecting a declining long-term trend in Scope 2 emissions over time. a d
Compared to the previous year (2022), JPMorgan Chase & Co's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that JPMorgan Chase & Co 's emissions have plateaued with no significant change in its energy consumption footprint. a c
What methodology does JPMorgan Chase & Co use for Scope 2 reporting?
In 2023, JPMorgan Chase & Co reported its Scope 2 emissions using the market-based method and using the location-based method. a
JPMorgan Chase & Co's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into JPMorgan Chase & Co's Value Chain Emissions
In 2023, JPMorgan Chase & Co reported 142,955,481 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2023 disclosure of JPMorgan Chase & Co includes a breakdown across 2 of the 15 Scope 3 categories defined by the GHG Protocol, up from 1 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain a
JPMorgan Chase & Co's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are JPMorgan Chase & Co's Scope 3 emissions?
In 2023, JPMorgan Chase & Co reported total Scope 3 emissions of 142,955,481 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 0.18% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.82% came from downstream activities like product use, distribution, and end-of-life treatment. a
Has JPMorgan Chase & Co reduced its Scope 3 emissions over time?
Since 2018, JPMorgan Chase & Co's Scope 3 emissions have increased by 80,960.74%, reflecting a rising long-term trend in Scope 3 emissions over time. a d
Compared to the previous year (2022), JPMorgan Chase & Co's Scope 3 emissions decreased by 15.39%, highlighting the company's efforts to lower indirect emissions from its value chain. a b
What categories of Scope 3 emissions does JPMorgan Chase & Co disclose?
In 2023, JPMorgan Chase & Co reported emissions for 2 out of the 15 Scope 3 categories defined by the GHG Protocol. a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of JPMorgan Chase & Co's Scope 3 emissions?
In 2023, the largest contributors to JPMorgan Chase & Co's Scope 3 emissions were: a
- Investments (Cat. 15): 142,700,000 tCO₂e (99.82%)
- Business Travel (Cat. 6): 255,481 tCO₂e (0.18%)
JPMorgan Chase & Co's Scope 3 Emissions by Categories
Insights into JPMorgan Chase & Co’s GHG Emissions Intensity Compared to Industry Peers
In 2023, JPMorgan Chase & Co reported Scope 1 greenhouse gas (GHG) emissions of 115,294 tCO₂e and total revenues of USD 154,944 millions. This translates into an emissions intensity of 0.74 tCO₂e per millions USD. a
JPMorgan Chase & Co's Scope 1 Emissions Intensity Compared to Peers
How does JPMorgan Chase & Co's GHG emissions intensity compare to its peers?
In 2023, JPMorgan Chase & Co reported a Scope 1 emissions intensity of 0.74 tCO₂e per millions USD. Compared to the peer group median of 0.48 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
Where does JPMorgan Chase & Co rank on GHG emissions intensity within its industry?
In 2023, JPMorgan Chase & Co ranked 18 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
JPMorgan Chase & Co is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into JPMorgan Chase & Co's Total Carbon Footprint
In 2023, JPMorgan Chase & Co reported a total carbon footprint of 143,863,254 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 15.29% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a b c
The largest contributor to JPMorgan Chase & Co's total carbon footprint was Scope 3 emissions, accounting for 99.37% of the company's total carbon footprint, followed by Scope 2 emissions at 0.55%. a