In conversation with Marisa Buchanan, Deputy Global Head of Sustainable Finance, JPMorgan Chase & Co., and Jane Gilbert, Chief Resilience Officer, City of Miami, on what it means to be a resilient city and how the private sector can support cities’ efforts.
As a company with clients and operations around the world, JPMorgan Chase is in a unique position to leverage our expertise to promote sustainable business practices and help clients capitalize on opportunities created by the transition to a more sustainable global economy. In 2017, we announced two new commitments aimed at advancing sustainable solutions for our clients and within our operations.
JPMorgan Chase will source renewable energy for 100 percent of its global power needs by 2020. The firm has offices and operations in more than 60 countries across over 5,500 properties, covering approximately 75 million square feet — about 27 times the square footage of the office space at the Empire State Building.
of JPMorgan Chase’s global power needs will be renewable energy by 2020
capacity on-site solar installation is being developed at the firm’s largest single-tenant office, equivalent of 3,280 homes
new lightbulbs are being used to retrofit our branches with LED lighting
of our lighting energy consumption will be cut down, that’s equivalent to removing 27,000 cars from the road
JPMorgan Chase will finance client projects and companies to facilitate new energy, transportation, waste management, water treatment and technology innovations:
For example, in 2017 we provided $900,000 in support for innovative, community-based sustainable infrastructure projects in Detroit, which will also help boost the city’s continued economic recovery. Our support will help advance The Nature Conservancy’s work with the City of Detroit and other partners to create a first-of-its-kind Special Purpose District for stormwater management, akin to a Business Improvement District.
We are also working with Jefferson East to accelerate the incorporation of green building and stormwater management practices into the development of commercial spaces that aid minority small business owners. In addition, we are supporting Eastside Community Network’s efforts to utilize open green space on the Mack Avenue commercial corridor to reduce stormwater runoff and help small businesses develop green infrastructure that can mitigate their drainage fees.
In addition, we are making our own facilities in Detroit more energy efficient by retrofitting over 70 percent of Chase branches in the city with LED lights and new building management systems.