Sep 25, 2018
Published September 25, 2018 – With sustainability continuing to become a critical and dynamic topic, corporations are increasingly seeking new opportunities with companies who share similar values. Drawing upon the firm’s commitment to providing advisory and capital markets services to companies and projects focused on sustainability, J.P. Morgan’s Sustainable Finance team has been the connective tissue between the lines of business for various initiatives.
“We look for technology that tackles challenges we know exist to transition to a lower carbon economy and we want to help these sustainability-focused companies flourish,” said J.P. Morgan's Head of Capital Strategies for Sustainable Finance Erin Robert.
In July, the Equity Capital Markets team and the Technology and Energy Investment Bank team collaborated with fuel cell technology company, Bloom Energy to lead the company’s $270 million IPO. Bloom also contributed to the firm’s own sustainability initiative: Robert’s team works closely with the firm’s Real Estate department, which examined the applicability of Bloom’s green technology. They pinpointed a data center in Delaware and installed an energy server of fuel cells.
Last year, JPMorgan Chase committed to use 100% renewable energy by 2020.
Kristina Nilsson, who spearheads the firm’s banking coverage across Industrial and Energy Technology, noted, “Companies are developing new technologies and business models to capitalize on a clearly-defined economic and social need."
Beyond the energy sector, transportation has also been undergoing material evolution. In an effort to aid and secure equity financing for electric bus company, Proterra, J.P. Morgan acted as the exclusive placement agent to close the $155 million funding earlier this month.
In July 2017, J.P. Morgan committed to facilitating $200 billion in clean financing by 2025. One year later, the firm has facilitated over $80 billion in clean financing. This investment reflects the firm’s long-standing commitment to advancing sustainable solutions for clients and across our operations.
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