JPMorgan Chase Commercial Banking announced the launch of a new Green Economy specialized industry team. The new team will provide dedicated banking services and expertise to companies that produce environmentally-friendly goods and services or focus on environmental conservation.
According to JPMorgan Chase, the Green Economy team will initially focus on four industry sectors, including renewable energy, efficiency technology, sustainable finance, and agriculture and food technology, utilizing their expertise to help clients address operational challenges and fuel the growth of green businesses at large. The team will leverage the breadth of JPMorgan Chase’s offerings across treasury, credit and investment banking, as well as providing community-minded financial solutions for clients, including green and environmental bonds.
The Green Economy team launch follows JPMorgan Chase’s announcement in October 2020 of a commitment to align its financing activities with the goals of Paris Agreement, aiming to help clients navigate the challenges and capitalize on the long-term economic and environmental benefits of transitioning to a low-carbon world.
Doug Petno, CEO of Commercial Banking at JPMorgan Chase, said:
“Sustainability, including the need to address climate change, is important to JPMorgan Chase and many of our clients. We’re excited to launch our Green Economy team, which will expand our capabilities to meet the changing needs of our clients and support the growth of industries and companies that will help make the world a better place for us all.”
The team will be led by Brian Lehman, who has been appointed Head of Green Economy. Lehman joined the bank in 2013, most recently serving as Head of Corporate Client Diversified Financials Group.
“The path to a more sustainable future heavily depends on our actions today. At JPMorgan Chase, we’ve seen a growing number of clients and industries whose foundations are built upon reducing greenhouse gas emissions. Our Green Economy banking team will not only deliver industry-specific advice, solutions and services to help green enterprises grow, but will also use our leadership position to promote a more sustainable world.”