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Select an assessment year:

  • Overall approach
    2/10
    • Overarching commitment on deforestation
      0/6
      No overarching commitment
      0/6
    • Deforestation as a business risk
      2/2
      Yes
      2/2
      Is the financial risk recognised by the financial institution reputational, financial, material, etc.?: Reputational, operational (for companies), financial

      How is awareness shown?: Statement on deforestation/conversion showing understanding of risks to the financial institution
      "Climate change, deforestation and habitat loss, water quality and availability, waste, and the impact of development on communities and, especially, indigenous peoples, are just some of the threats that create risks for society and businesses, if they are not appropriately addressed. [...]  An important component of the firm’s risk management process is assessing our clients’ approach to, and performance on, E&S matters. Failing to appropriately manage E&S issues can directly impact our reputation, our clients’ operations and long-term economic viability, and the communities and environment in which we and our clients operate."
    • Target to reduce emissions in scope 1/2
      Yes
      0/0
      Type of climate target: Net-zero emissions

      What is the target date for the financial institution to achieve their climate target?: 2050
      "In October 2020, JPMorgan Chase announced our commitment to align key sectors of our financing portfolio with the goals of the Paris Agreement. Our commitment towards Paris-alignment is an important step toward accelerating the low-carbon energy transition and encouraging near-term actions that will set a path for achieving net-zero emissions by 2050."
    • Company must have anti-corruption policy
      0/2
  • Commodity score
    25/90
    • Beef & Leather
      5/90
      • Commitment Strength
        0/31
        • Commodity-specific deforestation financing policy
          0/9.6
          • Commitment details
            No commitment
            0/8
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must be legally operated
          0/4.6
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must monitor operations
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must conduct risk assessments
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must specify a cut-off date
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        5/27
        • Company must ensure Free, Prior and Informed Consent
          5.4/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            "For transactions where we can identify that the use of proceeds may have the potential to impact Indigenous Peoples, we expect our clients to demonstrate alignment with the objectives and requirements of IFC Performance Standard 7 on Indigenous Peoples, including with respect to circumstances requiring Free, Prior and Informed Consent. These objectives include: [...] Securing the Free, Prior and Informed Consent of the Affected Communities of Indigenous Peoples when the circumstances described in Performance Standard 7 are present; and • Respecting and preserving the culture, knowledge and practices of Indigenous Peoples"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "For transactions where we can identify that the use of proceeds may have the potential to impact Indigenous Peoples, we expect our clients to demonstrate alignment with the objectives and requirements of IFC Performance Standard 7 on Indigenous Peoples, including with respect to circumstances requiring Free, Prior and Informed Consent. These objectives include: [...] Securing the Free, Prior and Informed Consent of the Affected Communities of Indigenous Peoples when the circumstances described in Performance Standard 7 are present; and • Respecting and preserving the culture, knowledge and practices of Indigenous Peoples"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "For transactions where we can identify that the use of proceeds may have the potential to impact Indigenous Peoples, we expect our clients to demonstrate alignment with the objectives and requirements of IFC Performance Standard 7 on Indigenous Peoples, including with respect to circumstances requiring Free, Prior and Informed Consent. These objectives include: [...] Securing the Free, Prior and Informed Consent of the Affected Communities of Indigenous Peoples when the circumstances described in Performance Standard 7 are present; and • Respecting and preserving the culture, knowledge and practices of Indigenous Peoples"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "For transactions where we can identify that the use of proceeds may have the potential to impact Indigenous Peoples, we expect our clients to demonstrate alignment with the objectives and requirements of IFC Performance Standard 7 on Indigenous Peoples, including with respect to circumstances requiring Free, Prior and Informed Consent. These objectives include: [...] Securing the Free, Prior and Informed Consent of the Affected Communities of Indigenous Peoples when the circumstances described in Performance Standard 7 are present; and • Respecting and preserving the culture, knowledge and practices of Indigenous Peoples"
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "For transactions where we can identify that the use of proceeds may have the potential to impact Indigenous Peoples, we expect our clients to demonstrate alignment with the objectives and requirements of IFC Performance Standard 7 on Indigenous Peoples, including with respect to circumstances requiring Free, Prior and Informed Consent. These objectives include: [...] Securing the Free, Prior and Informed Consent of the Affected Communities of Indigenous Peoples when the circumstances described in Performance Standard 7 are present; and • Respecting and preserving the culture, knowledge and practices of Indigenous Peoples"
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Reporting and Implementation
        0/31
        • Commitments must be timebound
          No
          0/5
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          No
          0/2
        • Monitoring and non-compliance process
          No
          0/5
        • Engagement with non-compliant companies
          No
          0/5
        • Reporting on implementation of the policy
          No
          0/6
        • Ethical product in portfolio
          No
    • Palm oil
      33/90
      • Commitment Strength
        17/31
        • Commodity-specific deforestation financing policy
          6/9.6
          • Commitment details
            Zero-net deforestation
            5/8
            Commitment details
            Zero-net deforestation
            5/8
            "J.P. Morgan is an adopting bank of the Soft Commodities Compact1 (‘the Compact’), a voluntary initiative led by The Consumer Goods Forum and The Banking Environment Initiative.2 The Compact promotes sustainable soft commodity supply chains in the banking industry by committing banks to helping achieve zero net deforestation by 2020 in their financing of sectors such as palm oil, timber products and soy." "The Framework requires that clients demonstrate a commitment to the responsible practice framework that pertains to the relevant soft commodity (e.g. Forest Stewardship Council (FSC), Roundtable on Sustainable Palm Oil (RSPO), Roundtable on Responsible Soy (RTRS), etc.). [...] Commitment is defined, for example, as active membership of or adherence to the relevant framework or organization, a credible, time-bound plan for certification to the relevant standard and/or evidence (e.g., via public reporting) of progress toward certification."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "J.P. Morgan is an adopting bank of the Soft Commodities Compact1 (‘the Compact’), a voluntary initiative led by The Consumer Goods Forum and The Banking Environment Initiative.2 The Compact promotes sustainable soft commodity supply chains in the banking industry by committing banks to helping achieve zero net deforestation by 2020 in their financing of sectors such as palm oil, timber products and soy." "The Framework requires that clients demonstrate a commitment to the responsible practice framework that pertains to the relevant soft commodity (e.g. Forest Stewardship Council (FSC), Roundtable on Sustainable Palm Oil (RSPO), Roundtable on Responsible Soy (RTRS), etc.). [...] Commitment is defined, for example, as active membership of or adherence to the relevant framework or organization, a credible, time-bound plan for certification to the relevant standard and/or evidence (e.g., via public reporting) of progress toward certification." "We define ‘customers’ as clients of J.P. Morgan’s Corporate and Investment Bank (CIB) that we have an active banking relationship with and/or that have gone through the Firm’s client onboarding process."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "J.P. Morgan is an adopting bank of the Soft Commodities Compact1 (‘the Compact’), a voluntary initiative led by The Consumer Goods Forum and The Banking Environment Initiative.2 The Compact promotes sustainable soft commodity supply chains in the banking industry by committing banks to helping achieve zero net deforestation by 2020 in their financing of sectors such as palm oil, timber products and soy." "The Framework requires that clients demonstrate a commitment to the responsible practice framework that pertains to the relevant soft commodity (e.g. Forest Stewardship Council (FSC), Roundtable on Sustainable Palm Oil (RSPO), Roundtable on Responsible Soy (RTRS), etc.). [...] Commitment is defined, for example, as active membership of or adherence to the relevant framework or organization, a credible, time-bound plan for certification to the relevant standard and/or evidence (e.g., via public reporting) of progress toward certification."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "J.P. Morgan is an adopting bank of the Soft Commodities Compact1 (‘the Compact’), a voluntary initiative led by The Consumer Goods Forum and The Banking Environment Initiative.2 The Compact promotes sustainable soft commodity supply chains in the banking industry by committing banks to helping achieve zero net deforestation by 2020 in their financing of sectors such as palm oil, timber products and soy." "The Framework requires that clients demonstrate a commitment to the responsible practice framework that pertains to the relevant soft commodity (e.g. Forest Stewardship Council (FSC), Roundtable on Sustainable Palm Oil (RSPO), Roundtable on Responsible Soy (RTRS), etc.). [...] Commitment is defined, for example, as active membership of or adherence to the relevant framework or organization, a credible, time-bound plan for certification to the relevant standard and/or evidence (e.g., via public reporting) of progress toward certification."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "J.P. Morgan is an adopting bank of the Soft Commodities Compact1 (‘the Compact’), a voluntary initiative led by The Consumer Goods Forum and The Banking Environment Initiative.2 The Compact promotes sustainable soft commodity supply chains in the banking industry by committing banks to helping achieve zero net deforestation by 2020 in their financing of sectors such as palm oil, timber products and soy." "The Framework requires that clients demonstrate a commitment to the responsible practice framework that pertains to the relevant soft commodity (e.g. Forest Stewardship Council (FSC), Roundtable on Sustainable Palm Oil (RSPO), Roundtable on Responsible Soy (RTRS), etc.). [...] Commitment is defined, for example, as active membership of or adherence to the relevant framework or organization, a credible, time-bound plan for certification to the relevant standard and/or evidence (e.g., via public reporting) of progress toward certification."
        • Companies must be legally operated
          0/4.6
          • Commitment details
            No commitment
            0/3
            Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must monitor operations
          5.4/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            Type of policy: Assurance mechanism

            Certification scheme (if applicable): RSPO
            "Palm oil: We require an Enhanced Review for transactions that involve palm oil production. The Roundtable on Sustainable Palm Oil (RSPO) Principles and Criteria for Sustainable Palm Oil Production is the framework for our assessments, although we are cognizant that other standards are under development. As outlined in the RSPO Principles and Criteria #5, environmental impact assessments include consideration of impacts on soil and water resources, air quality, greenhouse gases, biodiversity and ecosystems and local communities. Stakeholder consultation has a key role in identifying environmental impacts, and our Enhanced Review will assess the client’s level of attention to these issues."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Palm oil: We require an Enhanced Review for transactions that involve palm oil production. The Roundtable on Sustainable Palm Oil (RSPO) Principles and Criteria for Sustainable Palm Oil Production is the framework for our assessments, although we are cognizant that other standards are under development. As outlined in the RSPO Principles and Criteria #5, environmental impact assessments include consideration of impacts on soil and water resources, air quality, greenhouse gases, biodiversity and ecosystems and local communities. Stakeholder consultation has a key role in identifying environmental impacts, and our Enhanced Review will assess the client’s level of attention to these issues."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Palm oil: We require an Enhanced Review for transactions that involve palm oil production. The Roundtable on Sustainable Palm Oil (RSPO) Principles and Criteria for Sustainable Palm Oil Production is the framework for our assessments, although we are cognizant that other standards are under development. As outlined in the RSPO Principles and Criteria #5, environmental impact assessments include consideration of impacts on soil and water resources, air quality, greenhouse gases, biodiversity and ecosystems and local communities. Stakeholder consultation has a key role in identifying environmental impacts, and our Enhanced Review will assess the client’s level of attention to these issues."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Palm oil: We require an Enhanced Review for transactions that involve palm oil production. The Roundtable on Sustainable Palm Oil (RSPO) Principles and Criteria for Sustainable Palm Oil Production is the framework for our assessments, although we are cognizant that other standards are under development. As outlined in the RSPO Principles and Criteria #5, environmental impact assessments include consideration of impacts on soil and water resources, air quality, greenhouse gases, biodiversity and ecosystems and local communities. Stakeholder consultation has a key role in identifying environmental impacts, and our Enhanced Review will assess the client’s level of attention to these issues."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "Palm oil: We require an Enhanced Review for transactions that involve palm oil production. The Roundtable on Sustainable Palm Oil (RSPO) Principles and Criteria for Sustainable Palm Oil Production is the framework for our assessments, although we are cognizant that other standards are under development. As outlined in the RSPO Principles and Criteria #5, environmental impact assessments include consideration of impacts on soil and water resources, air quality, greenhouse gases, biodiversity and ecosystems and local communities. Stakeholder consultation has a key role in identifying environmental impacts, and our Enhanced Review will assess the client’s level of attention to these issues."
        • Companies must conduct risk assessments
          5.4/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            "Where a client is involved in a sensitive sector, activity or location, in accordance with JPMorgan Chase policies and standards, or where we identify additional issues during a standard E&S Review, an Enhanced Review will be required. This process may entail sector/issue specific due diligence questions including a determination of whether a client holds specific sector certifications, direct client engagement, site visits and risk mitigation plans [...] Palm oil: We require an Enhanced Review for transactions that involve palm oil production. The Roundtable on Sustainable Palm Oil (RSPO) Principles and Criteria for Sustainable Palm Oil Production is the framework for our assessments, although we are cognizant that other standards are under development. As outlined in the RSPO Principles and Criteria #5, environmental impact assessments include consideration of impacts on soil and water resources, air quality, greenhouse gases, biodiversity and ecosystems and local communities. Stakeholder consultation has a key role in identifying environmental impacts, and our Enhanced Review will assess the client’s level of attention to these issues."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Where a client is involved in a sensitive sector, activity or location, in accordance with JPMorgan Chase policies and standards, or where we identify additional issues during a standard E&S Review, an Enhanced Review will be required. This process may entail sector/issue specific due diligence questions including a determination of whether a client holds specific sector certifications, direct client engagement, site visits and risk mitigation plans [...] Palm oil: We require an Enhanced Review for transactions that involve palm oil production. The Roundtable on Sustainable Palm Oil (RSPO) Principles and Criteria for Sustainable Palm Oil Production is the framework for our assessments, although we are cognizant that other standards are under development. As outlined in the RSPO Principles and Criteria #5, environmental impact assessments include consideration of impacts on soil and water resources, air quality, greenhouse gases, biodiversity and ecosystems and local communities. Stakeholder consultation has a key role in identifying environmental impacts, and our Enhanced Review will assess the client’s level of attention to these issues."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Where a client is involved in a sensitive sector, activity or location, in accordance with JPMorgan Chase policies and standards, or where we identify additional issues during a standard E&S Review, an Enhanced Review will be required. This process may entail sector/issue specific due diligence questions including a determination of whether a client holds specific sector certifications, direct client engagement, site visits and risk mitigation plans [...] Palm oil: We require an Enhanced Review for transactions that involve palm oil production. The Roundtable on Sustainable Palm Oil (RSPO) Principles and Criteria for Sustainable Palm Oil Production is the framework for our assessments, although we are cognizant that other standards are under development. As outlined in the RSPO Principles and Criteria #5, environmental impact assessments include consideration of impacts on soil and water resources, air quality, greenhouse gases, biodiversity and ecosystems and local communities. Stakeholder consultation has a key role in identifying environmental impacts, and our Enhanced Review will assess the client’s level of attention to these issues."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Where a client is involved in a sensitive sector, activity or location, in accordance with JPMorgan Chase policies and standards, or where we identify additional issues during a standard E&S Review, an Enhanced Review will be required. This process may entail sector/issue specific due diligence questions including a determination of whether a client holds specific sector certifications, direct client engagement, site visits and risk mitigation plans [...] Palm oil: We require an Enhanced Review for transactions that involve palm oil production. The Roundtable on Sustainable Palm Oil (RSPO) Principles and Criteria for Sustainable Palm Oil Production is the framework for our assessments, although we are cognizant that other standards are under development. As outlined in the RSPO Principles and Criteria #5, environmental impact assessments include consideration of impacts on soil and water resources, air quality, greenhouse gases, biodiversity and ecosystems and local communities. Stakeholder consultation has a key role in identifying environmental impacts, and our Enhanced Review will assess the client’s level of attention to these issues."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "Where a client is involved in a sensitive sector, activity or location, in accordance with JPMorgan Chase policies and standards, or where we identify additional issues during a standard E&S Review, an Enhanced Review will be required. This process may entail sector/issue specific due diligence questions including a determination of whether a client holds specific sector certifications, direct client engagement, site visits and risk mitigation plans [...] Palm oil: We require an Enhanced Review for transactions that involve palm oil production. The Roundtable on Sustainable Palm Oil (RSPO) Principles and Criteria for Sustainable Palm Oil Production is the framework for our assessments, although we are cognizant that other standards are under development. As outlined in the RSPO Principles and Criteria #5, environmental impact assessments include consideration of impacts on soil and water resources, air quality, greenhouse gases, biodiversity and ecosystems and local communities. Stakeholder consultation has a key role in identifying environmental impacts, and our Enhanced Review will assess the client’s level of attention to these issues."
        • Companies must specify a cut-off date
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        3/27
        • Company must ensure Free, Prior and Informed Consent
          3.4/5.6
          • Commitment details
            Encouraged
            2/4
            Commitment details
            Encouraged
            2/4
            "For transactions where we can identify that the use of proceeds may have the potential to impact Indigenous Peoples, we expect our clients to demonstrate alignment with the objectives and requirements of IFC Performance Standard 7 on Indigenous Peoples, including with respect to circumstances requiring Free, Prior and Informed Consent. These objectives include: [...] Securing the Free, Prior and Informed Consent of the Affected Communities of Indigenous Peoples when the circumstances described in Performance Standard 7 are present; and • Respecting and preserving the culture, knowledge and practices of Indigenous Peoples"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "For transactions where we can identify that the use of proceeds may have the potential to impact Indigenous Peoples, we expect our clients to demonstrate alignment with the objectives and requirements of IFC Performance Standard 7 on Indigenous Peoples, including with respect to circumstances requiring Free, Prior and Informed Consent. These objectives include: [...] Securing the Free, Prior and Informed Consent of the Affected Communities of Indigenous Peoples when the circumstances described in Performance Standard 7 are present; and • Respecting and preserving the culture, knowledge and practices of Indigenous Peoples"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "For transactions where we can identify that the use of proceeds may have the potential to impact Indigenous Peoples, we expect our clients to demonstrate alignment with the objectives and requirements of IFC Performance Standard 7 on Indigenous Peoples, including with respect to circumstances requiring Free, Prior and Informed Consent. These objectives include: [...] Securing the Free, Prior and Informed Consent of the Affected Communities of Indigenous Peoples when the circumstances described in Performance Standard 7 are present; and • Respecting and preserving the culture, knowledge and practices of Indigenous Peoples"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "For transactions where we can identify that the use of proceeds may have the potential to impact Indigenous Peoples, we expect our clients to demonstrate alignment with the objectives and requirements of IFC Performance Standard 7 on Indigenous Peoples, including with respect to circumstances requiring Free, Prior and Informed Consent. These objectives include: [...] Securing the Free, Prior and Informed Consent of the Affected Communities of Indigenous Peoples when the circumstances described in Performance Standard 7 are present; and • Respecting and preserving the culture, knowledge and practices of Indigenous Peoples"
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "For transactions where we can identify that the use of proceeds may have the potential to impact Indigenous Peoples, we expect our clients to demonstrate alignment with the objectives and requirements of IFC Performance Standard 7 on Indigenous Peoples, including with respect to circumstances requiring Free, Prior and Informed Consent. These objectives include: [...] Securing the Free, Prior and Informed Consent of the Affected Communities of Indigenous Peoples when the circumstances described in Performance Standard 7 are present; and • Respecting and preserving the culture, knowledge and practices of Indigenous Peoples"
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
            Commitment details
            No
            0/4
            Does the financial institution ask the company to protect the health and safety of its own operations or its supply chain workers?: No
            "As outlined in this document, we have a robust E&S Risk Management process that analyzes the potential social impacts of our corporate lending, advisory and capital markets transactions. The process prohibits any transactions where there is evidence of the use of modern slavery or child labor (see Section II. D. Prohibited Transactions)."
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Reporting and Implementation
        14/31
        • Commitments must be timebound
          Required
          5/5
          Commitments must be timebound
          Required
          5/5
          What is the deadline for the portfolio companies to become compliant with the policy?: 2020

          What is the length of time the portfolio companies are given to meet their time-bound plans?: not defined 
          "J.P. Morgan’s Framework reflects the broad intent of the Soft Commodities Compact and requires enhanced due diligence for certain types of transactions, including those that involve palm oil, soy and timber products. The Framework requires that clients demonstrate a commitment to the responsible practice framework that pertains to the relevant soft commodity (e.g. Forest Stewardship Council (FSC), Roundtable on Sustainable Palm Oil (RSPO), Roundtable on Responsible Soy (RTRS), etc.). [...] Commitment is defined, for example, as active membership of or adherence to the relevant framework or organization, a credible, time-bound plan for certification to the relevant standard and/or evidence (e.g., via public reporting) of progress toward certification." "J.P. Morgan is an adopting bank of the Soft Commodities Compact1 (‘the Compact’), a voluntary initiative led by The Consumer Goods Forum and The Banking Environment Initiative.2 The Compact promotes sustainable soft commodity supply chains in the banking industry by committing banks to helping achieve zero net deforestation by 2020 in their financing of sectors such as palm oil, timber products and soy."
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          "JPMorgan Chase adopted its first comprehensive Environmental and Social Risk Governance Policy (E&S Risk Policy) in 2005. That same year, we published our first Environmental and Social Policy Framework (E&S Framework) to articulate the tenets of that policy and how the firm approaches E&S issues across our business. As our efforts have evolved, we have updated our E&S Framework to reflect current practice, including our standards and processes."  
        • Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          "Approach to transactions where adherence to our policies is not clearly determinableIn the context of more complex transactions, where the degree of adherence with a particular policy is not clearly determinable, the transaction would be subject to additional due diligence procedures. Where due diligence procedures cannot practicably resolve a potential policy issue within the required timeframe, we may pursue one of the following options:We may require the commissioning of an independent technical report to establish the data required to make a full determination regarding adherence, and if necessary, a remediation plan to address areas of concern. Such measures may be reflected in legal documentation relating to a transaction.The transaction may be subject to active monitoring to ensure that at the next available opportunity (typically a subsequent transaction with the client) an update is obtained on the outstanding areas of concern. Failure to address these issues within an acceptable timeframe may result in internal escalation.The transaction may be escalated to the relevant internal Reputation Risk Committee, which may result in the transaction being declined.Where client relationships are longstanding, the preferred approach is to proactively engage clients and highlight expectations that outstanding issues are addressed in advance of any transaction."
        • Engagement with non-compliant companies
          Engage with non-compliant companies without a time-bound threat of divestment
          2.5/5
          Engagement with non-compliant companies
          Engage with non-compliant companies without a time-bound threat of divestment
          2.5/5
          "We may require the commissioning of an independent technical report to establish the data required to make a full determination regarding adherence, and if necessary, a remediation plan to address areas of concern. Such measures may be reflected in legal documentation relating to a transaction.The transaction may be subject to active monitoring to ensure that at the next available opportunity (typically a subsequent transaction with the client) an update is obtained on the outstanding areas of concern. Failure to address these issues within an acceptable timeframe may result in internal escalation.The transaction may be escalated to the relevant internal Reputation Risk Committee, which may result in the transaction being declined.Where client relationships are longstanding, the preferred approach is to proactively engage clients and highlight expectations that outstanding issues are addressed in advance of any transaction."
        • Reporting on implementation of the policy
          No
          0/6
        • Ethical product in portfolio
          No
    • Soy
      30/90
      • Commitment Strength
        12/31
        • Commodity-specific deforestation financing policy
          6.3/9.6
          • Commitment details
            Zero-net deforestation
            5/8
            Commitment details
            Zero-net deforestation
            5/8
            "J.P. Morgan is an adopting bank of the Soft Commodities Compact (‘the Compact’), a voluntary initiative led by The Consumer Goods Forum and The Banking Environment Initiative.2 The Compact promotes sustainable soft commodity supply chains in the banking industry by committing banks to helping achieve zero net deforestation by 2020 in their financing of sectors such as palm oil, timber products and soy. [...] Minimum requirements for customersJ.P. Morgan’s Framework reflects the broad intent of the Soft Commodities Compact and requires enhanced due diligence for certain types of transactions, including those that involve palm oil, soy and timber products. The Framework requires that clients demonstrate a commitment to the responsible practice framework that pertains to the relevant soft commodity [...] Roundtable on Responsible Soy (RTRS)" 
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "J.P. Morgan is an adopting bank of the Soft Commodities Compact (‘the Compact’), a voluntary initiative led by The Consumer Goods Forum and The Banking Environment Initiative.2 The Compact promotes sustainable soft commodity supply chains in the banking industry by committing banks to helping achieve zero net deforestation by 2020 in their financing of sectors such as palm oil, timber products and soy. [...] Minimum requirements for customersJ.P. Morgan’s Framework reflects the broad intent of the Soft Commodities Compact and requires enhanced due diligence for certain types of transactions, including those that involve palm oil, soy and timber products. The Framework requires that clients demonstrate a commitment to the responsible practice framework that pertains to the relevant soft commodity [...] Roundtable on Responsible Soy (RTRS)" 
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "J.P. Morgan is an adopting bank of the Soft Commodities Compact (‘the Compact’), a voluntary initiative led by The Consumer Goods Forum and The Banking Environment Initiative.2 The Compact promotes sustainable soft commodity supply chains in the banking industry by committing banks to helping achieve zero net deforestation by 2020 in their financing of sectors such as palm oil, timber products and soy. [...] Minimum requirements for customersJ.P. Morgan’s Framework reflects the broad intent of the Soft Commodities Compact and requires enhanced due diligence for certain types of transactions, including those that involve palm oil, soy and timber products. The Framework requires that clients demonstrate a commitment to the responsible practice framework that pertains to the relevant soft commodity [...] Roundtable on Responsible Soy (RTRS)" 
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "J.P. Morgan is an adopting bank of the Soft Commodities Compact (‘the Compact’), a voluntary initiative led by The Consumer Goods Forum and The Banking Environment Initiative.2 The Compact promotes sustainable soft commodity supply chains in the banking industry by committing banks to helping achieve zero net deforestation by 2020 in their financing of sectors such as palm oil, timber products and soy. [...] Minimum requirements for customersJ.P. Morgan’s Framework reflects the broad intent of the Soft Commodities Compact and requires enhanced due diligence for certain types of transactions, including those that involve palm oil, soy and timber products. The Framework requires that clients demonstrate a commitment to the responsible practice framework that pertains to the relevant soft commodity [...] Roundtable on Responsible Soy (RTRS)" 
          • Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            "J.P. Morgan is an adopting bank of the Soft Commodities Compact (‘the Compact’), a voluntary initiative led by The Consumer Goods Forum and The Banking Environment Initiative.2 The Compact promotes sustainable soft commodity supply chains in the banking industry by committing banks to helping achieve zero net deforestation by 2020 in their financing of sectors such as palm oil, timber products and soy. [...] Minimum requirements for customersJ.P. Morgan’s Framework reflects the broad intent of the Soft Commodities Compact and requires enhanced due diligence for certain types of transactions, including those that involve palm oil, soy and timber products. The Framework requires that clients demonstrate a commitment to the responsible practice framework that pertains to the relevant soft commodity [...] Roundtable on Responsible Soy (RTRS)" 
        • Companies must be legally operated
          0/4.6
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must monitor operations
          5.3/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            Certification scheme (if applicable): RTRS

            Type of policy: Assurance mechanism
            "We require companies involved in soy production to conform to the Roundtable on Responsible Soy (RTRS)."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "We require companies involved in soy production to conform to the Roundtable on Responsible Soy (RTRS)."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We require companies involved in soy production to conform to the Roundtable on Responsible Soy (RTRS)."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We require companies involved in soy production to conform to the Roundtable on Responsible Soy (RTRS)."
          • Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            "We require companies involved in soy production to conform to the Roundtable on Responsible Soy (RTRS)."
        • Companies must conduct risk assessments
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must specify a cut-off date
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        5/27
        • Company must ensure Free, Prior and Informed Consent
          5.4/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            "For transactions where we can identify that the use of proceeds may have the potential to impact Indigenous Peoples, we expect our clients to demonstrate alignment with the objectives and requirements of IFC Performance Standard 7 on Indigenous Peoples, including with respect to circumstances requiring Free, Prior and Informed Consent. These objectives include: [...] Securing the Free, Prior and Informed Consent of the Affected Communities of Indigenous Peoples when the circumstances described in Performance Standard 7 are present; and • Respecting and preserving the culture, knowledge and practices of Indigenous Peoples"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "For transactions where we can identify that the use of proceeds may have the potential to impact Indigenous Peoples, we expect our clients to demonstrate alignment with the objectives and requirements of IFC Performance Standard 7 on Indigenous Peoples, including with respect to circumstances requiring Free, Prior and Informed Consent. These objectives include: [...] Securing the Free, Prior and Informed Consent of the Affected Communities of Indigenous Peoples when the circumstances described in Performance Standard 7 are present; and • Respecting and preserving the culture, knowledge and practices of Indigenous Peoples"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "For transactions where we can identify that the use of proceeds may have the potential to impact Indigenous Peoples, we expect our clients to demonstrate alignment with the objectives and requirements of IFC Performance Standard 7 on Indigenous Peoples, including with respect to circumstances requiring Free, Prior and Informed Consent. These objectives include: [...] Securing the Free, Prior and Informed Consent of the Affected Communities of Indigenous Peoples when the circumstances described in Performance Standard 7 are present; and • Respecting and preserving the culture, knowledge and practices of Indigenous Peoples"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "For transactions where we can identify that the use of proceeds may have the potential to impact Indigenous Peoples, we expect our clients to demonstrate alignment with the objectives and requirements of IFC Performance Standard 7 on Indigenous Peoples, including with respect to circumstances requiring Free, Prior and Informed Consent. These objectives include: [...] Securing the Free, Prior and Informed Consent of the Affected Communities of Indigenous Peoples when the circumstances described in Performance Standard 7 are present; and • Respecting and preserving the culture, knowledge and practices of Indigenous Peoples"
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "For transactions where we can identify that the use of proceeds may have the potential to impact Indigenous Peoples, we expect our clients to demonstrate alignment with the objectives and requirements of IFC Performance Standard 7 on Indigenous Peoples, including with respect to circumstances requiring Free, Prior and Informed Consent. These objectives include: [...] Securing the Free, Prior and Informed Consent of the Affected Communities of Indigenous Peoples when the circumstances described in Performance Standard 7 are present; and • Respecting and preserving the culture, knowledge and practices of Indigenous Peoples"
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Reporting and Implementation
        14/31
        • Commitments must be timebound
          Required
          5/5
          Commitments must be timebound
          Required
          5/5
          What is the deadline for the portfolio companies to become compliant with the policy?: 2020

          What is the length of time the portfolio companies are given to meet their time-bound plans?: not defined
          "J.P. Morgan’s Framework reflects the broad intent of the Soft Commodities Compact and requires enhanced due diligence for certain types of transactions, including those that involve palm oil, soy and timber products. The Framework requires that clients demonstrate a commitment to the responsible practice framework that pertains to the relevant soft commodity (e.g. Forest Stewardship Council (FSC), Roundtable on Sustainable Palm Oil (RSPO), Roundtable on Responsible Soy (RTRS), etc.). [...] Commitment is defined, for example, as active membership of or adherence to the relevant framework or organization, a credible, time-bound plan for certification to the relevant standard and/or evidence (e.g., via public reporting) of progress toward certification." "J.P. Morgan is an adopting bank of the Soft Commodities Compact1 (‘the Compact’), a voluntary initiative led by The Consumer Goods Forum and The Banking Environment Initiative.2 The Compact promotes sustainable soft commodity supply chains in the banking industry by committing banks to helping achieve zero net deforestation by 2020 in their financing of sectors such as palm oil, timber products and soy."
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          "JPMorgan Chase adopted its first comprehensive Environmental and Social Risk Governance Policy (E&S Risk Policy) in 2005. That same year, we published our first Environmental and Social Policy Framework (E&S Framework) to articulate the tenets of that policy and how the firm approaches E&S issues across our business. As our efforts have evolved, we have updated our E&S Framework to reflect current practice, including our standards and processes."  
        • Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          "Approach to transactions where adherence to our policies is not clearly determinableIn the context of more complex transactions, where the degree of adherence with a particular policy is not clearly determinable, the transaction would be subject to additional due diligence procedures. Where due diligence procedures cannot practicably resolve a potential policy issue within the required timeframe, we may pursue one of the following options:We may require the commissioning of an independent technical report to establish the data required to make a full determination regarding adherence, and if necessary, a remediation plan to address areas of concern. Such measures may be reflected in legal documentation relating to a transaction.The transaction may be subject to active monitoring to ensure that at the next available opportunity (typically a subsequent transaction with the client) an update is obtained on the outstanding areas of concern. Failure to address these issues within an acceptable timeframe may result in internal escalation.The transaction may be escalated to the relevant internal Reputation Risk Committee, which may result in the transaction being declined.Where client relationships are longstanding, the preferred approach is to proactively engage clients and highlight expectations that outstanding issues are addressed in advance of any transaction."
        • Engagement with non-compliant companies
          Engage with non-compliant companies without a time-bound threat of divestment
          2.5/5
          Engagement with non-compliant companies
          Engage with non-compliant companies without a time-bound threat of divestment
          2.5/5
          "We may require the commissioning of an independent technical report to establish the data required to make a full determination regarding adherence, and if necessary, a remediation plan to address areas of concern. Such measures may be reflected in legal documentation relating to a transaction.The transaction may be subject to active monitoring to ensure that at the next available opportunity (typically a subsequent transaction with the client) an update is obtained on the outstanding areas of concern. Failure to address these issues within an acceptable timeframe may result in internal escalation.The transaction may be escalated to the relevant internal Reputation Risk Committee, which may result in the transaction being declined.Where client relationships are longstanding, the preferred approach is to proactively engage clients and highlight expectations that outstanding issues are addressed in advance of any transaction."
        • Reporting on implementation of the policy
          No
          0/6
        • Ethical product in portfolio
          No
    • Timber, Pulp & Paper
      31/90
      • Commitment Strength
        14/31
        • Commodity-specific deforestation financing policy
          6.4/9.6
          • Commitment details
            Zero-net deforestation
            5/8
            Commitment details
            Zero-net deforestation
            5/8
            "J.P. Morgan is an adopting bank of the Soft Commodities Compact (‘the Compact’), a voluntary initiative led by The Consumer Goods Forum and The Banking Environment Initiative.2 The Compact promotes sustainable soft commodity supply chains in the banking industry by committing banks to helping achieve zero net deforestation by 2020 in their financing of sectors such as palm oil, timber products and soy. [...] Minimum requirements for customersJ.P. Morgan’s Framework reflects the broad intent of the Soft Commodities Compact and requires enhanced due diligence for certain types of transactions, including those that involve palm oil, soy and timber products. The Framework requires that clients demonstrate a commitment to the responsible practice framework that pertains to the relevant soft commodity [...]  Forest Stewardship Council (FSC)" 
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "J.P. Morgan is an adopting bank of the Soft Commodities Compact (‘the Compact’), a voluntary initiative led by The Consumer Goods Forum and The Banking Environment Initiative.2 The Compact promotes sustainable soft commodity supply chains in the banking industry by committing banks to helping achieve zero net deforestation by 2020 in their financing of sectors such as palm oil, timber products and soy. [...] Minimum requirements for customersJ.P. Morgan’s Framework reflects the broad intent of the Soft Commodities Compact and requires enhanced due diligence for certain types of transactions, including those that involve palm oil, soy and timber products. The Framework requires that clients demonstrate a commitment to the responsible practice framework that pertains to the relevant soft commodity [...]  Forest Stewardship Council (FSC)" 
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "J.P. Morgan is an adopting bank of the Soft Commodities Compact (‘the Compact’), a voluntary initiative led by The Consumer Goods Forum and The Banking Environment Initiative.2 The Compact promotes sustainable soft commodity supply chains in the banking industry by committing banks to helping achieve zero net deforestation by 2020 in their financing of sectors such as palm oil, timber products and soy. [...] Minimum requirements for customersJ.P. Morgan’s Framework reflects the broad intent of the Soft Commodities Compact and requires enhanced due diligence for certain types of transactions, including those that involve palm oil, soy and timber products. The Framework requires that clients demonstrate a commitment to the responsible practice framework that pertains to the relevant soft commodity [...]  Forest Stewardship Council (FSC)" 
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "J.P. Morgan is an adopting bank of the Soft Commodities Compact (‘the Compact’), a voluntary initiative led by The Consumer Goods Forum and The Banking Environment Initiative.2 The Compact promotes sustainable soft commodity supply chains in the banking industry by committing banks to helping achieve zero net deforestation by 2020 in their financing of sectors such as palm oil, timber products and soy. [...] Minimum requirements for customersJ.P. Morgan’s Framework reflects the broad intent of the Soft Commodities Compact and requires enhanced due diligence for certain types of transactions, including those that involve palm oil, soy and timber products. The Framework requires that clients demonstrate a commitment to the responsible practice framework that pertains to the relevant soft commodity [...]  Forest Stewardship Council (FSC)" 
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "J.P. Morgan is an adopting bank of the Soft Commodities Compact (‘the Compact’), a voluntary initiative led by The Consumer Goods Forum and The Banking Environment Initiative.2 The Compact promotes sustainable soft commodity supply chains in the banking industry by committing banks to helping achieve zero net deforestation by 2020 in their financing of sectors such as palm oil, timber products and soy. [...] Minimum requirements for customersJ.P. Morgan’s Framework reflects the broad intent of the Soft Commodities Compact and requires enhanced due diligence for certain types of transactions, including those that involve palm oil, soy and timber products. The Framework requires that clients demonstrate a commitment to the responsible practice framework that pertains to the relevant soft commodity [...]  Forest Stewardship Council (FSC)" 
        • Companies must be legally operated
          2.5/4.6
          • Commitment details
            Companies own operations - Required
            1.5/3
            Commitment details
            Companies own operations - Required
            1.5/3
            "JPMorgan Chase will not provide lending, capital markets or advisory services to companies that collude with or are knowingly engaged in illegal logging."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "JPMorgan Chase will not provide lending, capital markets or advisory services to companies that collude with or are knowingly engaged in illegal logging."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "JPMorgan Chase will not provide lending, capital markets or advisory services to companies that collude with or are knowingly engaged in illegal logging."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "JPMorgan Chase will not provide lending, capital markets or advisory services to companies that collude with or are knowingly engaged in illegal logging."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "JPMorgan Chase will not provide lending, capital markets or advisory services to companies that collude with or are knowingly engaged in illegal logging."
        • Companies must monitor operations
          5.4/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            Type of policy: Assurance mechanism; Commitment to monitor or audit operations or suppliers

            Certification scheme (if applicable): FSC
            "Timber: We prefer Forest Stewardship Council (FSC) certification when we finance forestry projects that impact high conservation value forests, unless a comparable assessment process underpins a conservation plan. For operations that are not already certified, we require certification within five years and will introduce operators to credible experts who can help establish a rigorous, time-bound, step-wise approach to achieve this goal. We periodically review the merits of the different internationally accepted forestry certification standards to better understand evolving best practices. "
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Timber: We prefer Forest Stewardship Council (FSC) certification when we finance forestry projects that impact high conservation value forests, unless a comparable assessment process underpins a conservation plan. For operations that are not already certified, we require certification within five years and will introduce operators to credible experts who can help establish a rigorous, time-bound, step-wise approach to achieve this goal. We periodically review the merits of the different internationally accepted forestry certification standards to better understand evolving best practices. "
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Timber: We prefer Forest Stewardship Council (FSC) certification when we finance forestry projects that impact high conservation value forests, unless a comparable assessment process underpins a conservation plan. For operations that are not already certified, we require certification within five years and will introduce operators to credible experts who can help establish a rigorous, time-bound, step-wise approach to achieve this goal. We periodically review the merits of the different internationally accepted forestry certification standards to better understand evolving best practices. "
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Timber: We prefer Forest Stewardship Council (FSC) certification when we finance forestry projects that impact high conservation value forests, unless a comparable assessment process underpins a conservation plan. For operations that are not already certified, we require certification within five years and will introduce operators to credible experts who can help establish a rigorous, time-bound, step-wise approach to achieve this goal. We periodically review the merits of the different internationally accepted forestry certification standards to better understand evolving best practices. "
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "Timber: We prefer Forest Stewardship Council (FSC) certification when we finance forestry projects that impact high conservation value forests, unless a comparable assessment process underpins a conservation plan. For operations that are not already certified, we require certification within five years and will introduce operators to credible experts who can help establish a rigorous, time-bound, step-wise approach to achieve this goal. We periodically review the merits of the different internationally accepted forestry certification standards to better understand evolving best practices. "
        • Companies must conduct risk assessments
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must specify a cut-off date
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        3/27
        • Company must ensure Free, Prior and Informed Consent
          3.4/5.6
          • Commitment details
            Encouraged
            2/4
            Commitment details
            Encouraged
            2/4
            "For transactions where we can identify that the use of proceeds may have the potential to impact Indigenous Peoples, we expect our clients to demonstrate alignment with the objectives and requirements of IFC Performance Standard 7 on Indigenous Peoples, including with respect to circumstances requiring Free, Prior and Informed Consent. These objectives include: [...] Working to maintain the full respect for the human rights, dignity, aspirations, culture and natural resource-based livelihoods of Indigenous Peoples throughout the development process [...]Establishing and maintaining an ongoing relationship based on informed consultation and participation with the Indigenous Peoples affected by a project throughout the project’s life- cycle [...] Securing the Free, Prior and Informed Consent of the Affected Communities of Indigenous Peoples when the circumstances described in Performance Standard 7 are present"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "For transactions where we can identify that the use of proceeds may have the potential to impact Indigenous Peoples, we expect our clients to demonstrate alignment with the objectives and requirements of IFC Performance Standard 7 on Indigenous Peoples, including with respect to circumstances requiring Free, Prior and Informed Consent. These objectives include: [...] Working to maintain the full respect for the human rights, dignity, aspirations, culture and natural resource-based livelihoods of Indigenous Peoples throughout the development process [...]Establishing and maintaining an ongoing relationship based on informed consultation and participation with the Indigenous Peoples affected by a project throughout the project’s life- cycle [...] Securing the Free, Prior and Informed Consent of the Affected Communities of Indigenous Peoples when the circumstances described in Performance Standard 7 are present"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "For transactions where we can identify that the use of proceeds may have the potential to impact Indigenous Peoples, we expect our clients to demonstrate alignment with the objectives and requirements of IFC Performance Standard 7 on Indigenous Peoples, including with respect to circumstances requiring Free, Prior and Informed Consent. These objectives include: [...] Working to maintain the full respect for the human rights, dignity, aspirations, culture and natural resource-based livelihoods of Indigenous Peoples throughout the development process [...]Establishing and maintaining an ongoing relationship based on informed consultation and participation with the Indigenous Peoples affected by a project throughout the project’s life- cycle [...] Securing the Free, Prior and Informed Consent of the Affected Communities of Indigenous Peoples when the circumstances described in Performance Standard 7 are present"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "For transactions where we can identify that the use of proceeds may have the potential to impact Indigenous Peoples, we expect our clients to demonstrate alignment with the objectives and requirements of IFC Performance Standard 7 on Indigenous Peoples, including with respect to circumstances requiring Free, Prior and Informed Consent. These objectives include: [...] Working to maintain the full respect for the human rights, dignity, aspirations, culture and natural resource-based livelihoods of Indigenous Peoples throughout the development process [...]Establishing and maintaining an ongoing relationship based on informed consultation and participation with the Indigenous Peoples affected by a project throughout the project’s life- cycle [...] Securing the Free, Prior and Informed Consent of the Affected Communities of Indigenous Peoples when the circumstances described in Performance Standard 7 are present"
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "For transactions where we can identify that the use of proceeds may have the potential to impact Indigenous Peoples, we expect our clients to demonstrate alignment with the objectives and requirements of IFC Performance Standard 7 on Indigenous Peoples, including with respect to circumstances requiring Free, Prior and Informed Consent. These objectives include: [...] Working to maintain the full respect for the human rights, dignity, aspirations, culture and natural resource-based livelihoods of Indigenous Peoples throughout the development process [...]Establishing and maintaining an ongoing relationship based on informed consultation and participation with the Indigenous Peoples affected by a project throughout the project’s life- cycle [...] Securing the Free, Prior and Informed Consent of the Affected Communities of Indigenous Peoples when the circumstances described in Performance Standard 7 are present"
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Reporting and Implementation
        14/31
        • Commitments must be timebound
          Required
          5/5
          Commitments must be timebound
          Required
          5/5
          What is the deadline for the portfolio companies to become compliant with the policy?: 2020

          What is the length of time the portfolio companies are given to meet their time-bound plans?: not defined
          "J.P. Morgan’s Framework reflects the broad intent of the Soft Commodities Compact and requires enhanced due diligence for certain types of transactions, including those that involve palm oil, soy and timber products. The Framework requires that clients demonstrate a commitment to the responsible practice framework that pertains to the relevant soft commodity (e.g. Forest Stewardship Council (FSC), Roundtable on Sustainable Palm Oil (RSPO), Roundtable on Responsible Soy (RTRS), etc.). [...] Commitment is defined, for example, as active membership of or adherence to the relevant framework or organization, a credible, time-bound plan for certification to the relevant standard and/or evidence (e.g., via public reporting) of progress toward certification." "J.P. Morgan is an adopting bank of the Soft Commodities Compact1 (‘the Compact’), a voluntary initiative led by The Consumer Goods Forum and The Banking Environment Initiative.2 The Compact promotes sustainable soft commodity supply chains in the banking industry by committing banks to helping achieve zero net deforestation by 2020 in their financing of sectors such as palm oil, timber products and soy."
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          "JPMorgan Chase adopted its first comprehensive Environmental and Social Risk Governance Policy (E&S Risk Policy) in 2005. That same year, we published our first Environmental and Social Policy Framework (E&S Framework) to articulate the tenets of that policy and how the firm approaches E&S issues across our business. As our efforts have evolved, we have updated our E&S Framework to reflect current practice, including our standards and processes."  
        • Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          "Approach to transactions where adherence to our policies is not clearly determinable. In the context of more complex transactions, where the degree of adherence with a particular policy is not clearly determinable, the transaction would be subject to additional due diligence procedures. Where due diligence procedures cannot practicably resolve a potential policy issue within the required timeframe, we may pursue one of the following options: We may require the commissioning of an independent technical report to establish the data required to make a full determination regarding adherence, and if necessary, a remediation plan to address areas of concern. Such measures may be reflected in legal documentation relating to a transaction. The transaction may be subject to active monitoring to ensure that at the next available opportunity (typically a subsequent transaction with the client) an update is obtained on the outstanding areas of concern. Failure to address these issues within an acceptable timeframe may result in internal escalation. The transaction may be escalated to the relevant internal Reputation Risk Committee, which may result in the transaction being declined. Where client relationships are longstanding, the preferred approach is to proactively engage clients and highlight expectations that outstanding issues are addressed in advance of any transaction."
        • Engagement with non-compliant companies
          Engage with non-compliant companies without a time-bound threat of divestment
          2.5/5
          Engagement with non-compliant companies
          Engage with non-compliant companies without a time-bound threat of divestment
          2.5/5
          "Approach to transactions where adherence to our policies is not clearly determinable. In the context of more complex transactions, where the degree of adherence with a particular policy is not clearly determinable, the transaction would be subject to additional due diligence procedures. Where due diligence procedures cannot practicably resolve a potential policy issue within the required timeframe, we may pursue one of the following options: We may require the commissioning of an independent technical report to establish the data required to make a full determination regarding adherence, and if necessary, a remediation plan to address areas of concern. Such measures may be reflected in legal documentation relating to a transaction. The transaction may be subject to active monitoring to ensure that at the next available opportunity (typically a subsequent transaction with the client) an update is obtained on the outstanding areas of concern. Failure to address these issues within an acceptable timeframe may result in internal escalation. The transaction may be escalated to the relevant internal Reputation Risk Committee, which may result in the transaction being declined. Where client relationships are longstanding, the preferred approach is to proactively engage clients and highlight expectations that outstanding issues are addressed in advance of any transaction."
        • Reporting on implementation of the policy
          No
          0/6
        • Ethical product in portfolio
          No
  • Commitment strength
    11/31
    Avg. score
  • Reporting and Implementation
    10/31
    Avg. score
  • Social considerations
    4/28
    Avg. score

Profile

JP Morgan Chase and Co. are a global financial services firm headquartered in the US serving private, corporate and institutional clients. Their services include corporate finance, investment banking, wealth management, investments and retail banking services. As of 2017, the firm's total assets amount to over 2.5 trillion USD, with more than 900 billion USD worth of loans.

HQ
HQ 
United States
Financial institution type
Financial institution type 
Bank

How we assess the Forest 500

Investors and lenders need to adopt and implement strong deforestation policies that ensure their investments are not funding the destruction of forests.

All assessments use policies published on financial institution websites, some links may have changed or been removed since the time of assessment.

Disclaimer

This assessment has been carried out following the methodology developed for the Forest 500 project, available here. Please see our disclaimer applicable to all information contained within this site and our terms and conditions for use of data presented on this site.

All assessments use policies published on company and financial institution websites, and while we endeavor to keep them updated some links may have changed or been removed since the time of assessment.

Please contact us with any concerns or feedback about this or other assessments included in the Forest 500.