JPMorgan
Chase is committed to building vibrant communities, preserving our
environment and promoting an inclusive culture that benefits our
shareholders, customers, employees, neighbors and future generations.
Corporate citizenship is fundamental to our success as a firm.
Our investment in programs that enable people to live, learn and
thrive helps enhance the quality of the communities we serve. We
contribute our leadership guidance, expertise and financial resources
to help strengthen neighborhoods across the globe.
Inside our firm, we are building an inclusive culture in which
everyone has the opportunity to contribute, develop and succeed
based upon their talents and skills. In an increasingly global economy,
we view the diverse experiences and perspectives of our people as
a critical asset.
Major 2006 Accomplishments
• Invested more than $110 million1 in the communities we
serve by supporting in excess of 2,800 not-forprofit organizations
globally. We carefully select partners that promote economic stability,
improve access to quality education and inspire communities through
the celebration of arts and culture. Our investments span the globe,
positively impacting communities in nearly 500 cities across 33
countries.
• Achieved significant progress toward our 10-year pledge
to invest $800 billion in low- and moderateincome communities in
the U.S. – the largest commitment by any bank focused on mortgages,
small-business lending and community development. In 2006, we committed
$87 billion, with total investment to date of $241 billion in the
third year of the program.
• Played a leadership role in the creation of The New York
Acquisition Fund, along with 15 lenders and in conjunction with
six foundations and the City of New York. The Fund is a $230 million
initiative to finance the acquisition of land and buildings to be
developed and/or preserved for affordable housing.
• Led the effort to raise $1.5 billion of equity for the wind
power market in 2006, with approximately $650 million allocated
to our own portfolio. The firm's renewable energy portfolio now
comprises approximately $1 billion of equity investments in 26 wind
farms since its inception in 2003.
• Trained more than 100 bankers globally to better implement
our environmental and social risk policy as part of our environmental
risk management efforts.
• Completed our U.S. greenhouse gas emissions baseline, increased
our investments in energy efficiency projects and purchased renewable
energy credits (green energy).
• Built upon our commitment to supplier diversity, having
spent in 2006 in excess of $500 million with minority- and women-owned
business enterprises – expenditures that increased even in
light of an overall decrease in provider spending.
2007 and Beyond
• Focus on increasing the social return, reach and impact
of each dollar we invest in the community.
• Build and leverage employee volunteerism to improve our
overall effectiveness and impact across the many neighborhoods we
serve.
• Continue seeking out partners that are best positioned to
help us deliver our mission of building vibrant communities that
enable its members to live, learn and thrive.
• Maintain momentum toward our 10-year, $800 billion commitment
to invest in communities across the U.S.
• Deepen our commitment to environmental awareness and continue
developing financial products that will help our clients reduce
their greenhouse gas emissions.
• Continue our leadership in the area of supplier diversity
while expanding our efforts to do business with other disadvantaged
groups.
• Continue developing at all levels a global pool of diverse
talent to help us serve the unique and diverse needs of our customer
base.
The following capabilities support our interaction with communities
and with each other and guide our efforts to be a responsible corporate
citizen:
