JPMorgan Asset Management Shifts Strategy to Exit Climate Pact

JPMorgan Asset Management Exits Climate Action 100+ Group Amid Strategy Shift

LONDON – In a significant move, JPMorgan Asset Management (JPMAM), the investment arm of the leading U.S. banking giant JPMorgan Chase & Co, announced its departure from Climate Action 100+, an influential investor coalition dedicated to pressing major companies on climate change initiatives. This decision comes after a period of "significant investment" in JPMAM's investment stewardship capabilities and the development of its sustainable investing team.