JPMorgan Chase will fully shift to renewable energy by 2020, the US bank announced. The bank will install on-site renewable energy generators, sign power purchase agreements with renewable energy projects and reduce its energy consumption. The bank has property in more than 60 countries that totals approximately 75 million square feet. It also said it has plans to facilitate $200 billion in clean financing through 2025. According to Jamie Dimon, CEO, business must play a leadership role in creating solutions that protect the environment and grow the economy. This global investment leverages the firm’s resources and our people’s expertise to make our operations more energy efficient and provide clients with the resources they need to develop more sustainable products and services, he added. The bank will develop on-site solar-power generation at up to 1400 retail and 40 commercial buildings. The firm will launch a pilot program to install solar panels at Chase branches in California and New Jersey. It will also install large-capacity fuel-cell technology at commercial sites and small-capacity fuel cells at retail sites.
