Reported 3 days ago
JPMorgan Chase & Co. has chosen to reject the growing trend of transition finance that many other Wall Street banks are adopting. While transition finance aims to direct funds toward projects reducing carbon emissions, JPMorgan's sustainability lead, Linda French, argues that these frameworks do not guarantee capital movement and can distract from essential financial logic. The bank instead focuses on its Center for Carbon Transition, emphasizing the need for proven economic viability in financing low-carbon initiatives.
Source: YAHOO