JP Morgan sets emissions targets for industries

American multinational bank JPMorgan Chase & Co. has set targets in an effort to cut emissions tied to its finance and dealmaking in several sectors, including iron and steel, aviation, and the cement sectors. A major funder to the fossil fuel industry, JPMorgan’s climate efforts are keenly watched by investors and campaigners.

The emissions targets set by the bank include:

  • For iron and steel, emissions will be cut by 31% by 2030
  • For aviation, the cut will be 36%
  • For cement, the target is a 29% cut

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