JPMorgan Chase

WePay
New York, New York
Banks, Diversified Financials

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

JPMorgan Chase has terminated business with conservative customers and reserves the right to terminate business with partners who violate the company's vague Code of Conduct. JPMorgan Chase has canceled multiple legal industries and high-profile accounts, including Lt. Gen. Michael Flynn (USA). In July 2022, West Virginia placed JPMorgan Chase on its Restricted Financial Institutions List for its “boycott of energy companies” according to its ESG policies and publicly available statements. In May 2023, Oklahoma placed JPMorgan Chase on its Restricted Financial Companies List for its boycott of energy companies. JPMorgan Chase scored a 100 out of 100 on the 2023-2024 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, JPMorgan Chase increases the risk of dividing employees, alienating customers and harming shareholders. JPMorgan Chase provides a benefits package for employees which covers travel/lodging costs for an abortion and transgender medical procedures for covered employees and dependents, including children. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. JPMorgan Chase forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. JPMorgan Chase is a signatory of the Gender & Diversity KPI Alliance, appearing to prioritize diversity over merit in its business structure through the establishment of gender and racial targets for its leadership composition and its support of DEI in its hiring and promotions. The company is a platinum partner of the Human Rights Campaign (HRC), a titanium sponsor of Out & Equal, and a founding corporate partner of the LGBT Chamber of Commerce. It is part of Glasgow's Net Zero Alliance and is a signatory of Climate Action 100+, committed to carbon neutrality by 2040. JPMorgan is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over traditional shareholder obligations. JPMorgan Chase's CEO, Jamie Dimon, signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace. The company is a member of the MCCA, indicating its focus on recruiting, retaining, and promoting employees based on race. JPMorgan Chase is a signatory of the Institutional Limited Partners Association’s Diversity in Action Initiative, committing itself to specific actions that advance DEI within the governance and policies of the organization and the private equity industry more broadly. For these reasons, JPMorgan Chase receives a High Risk rating.

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Board Bias

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CEO of JPMorgan Chase

James Dimon

James Dimon

Summary:

Headquartered in New York, New York, JPMorgan Chase is a member of the Fortune 250 operating in the Diversified Financials industry. James Dimon and James Dimon serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $304,514 to Republican causes and $3,010,755 to Democratic causes. Under their tenure, JPMorgan Chase currently holds a 'High Risk' risk rating.

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Political Contributions of Leadership:

$304,514

$3,010,755

Republican

Democrat

Shareholder Proposals

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Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
5/16/23GovernanceJohn CheveddenSpecial shareholder meeting improvementAgainst34.90%
5/16/23EnvironmentalAs You SowReport on Climate Transistion PlanningAgainst34.80%
5/16/23GovernanceKenneth SteinerIdependent Board ChairmanAgainst34.50%
5/16/23SocialJames McRitchieReport on Congruence of Political and Electioneering ExpendituresAgainst31.60%
5/16/23EnvironmentalThe Comptroller of the City of New YorkAbsolute GHG reduction goalsAgainst12.40%
5/16/23EnvironmentalSierra Club FoundationFossil Fuel Phase OutAgainst8.10%
5/16/23EnvironmentalHarrington InvestmentsMandate to Oversee Animal Welfare Impact and RiskAgainst3.40%
5/16/23SocialDavid BahnsenReport on Ensuring Respect for Civil LibertiesAgainst2.30%
5/17/22GovernanceJohn CheveddenSpecial Meetings - Reduce Ownership Req. to 10%Against46.52%
5/17/22GovernanceKenneth SteinerRequire Independent Board ChairAgainst39.61%
5/17/22EnvironmentalSierra Club FoundationReport on Setting Absolute Contraction Targets for GhG Emissions in Line with Net-zero CommintmentsAgainst15.30%
5/17/22EnvironmentalMercy Investment ServicesAdopt Fossil Fuel Financing Policy Consistant with IEA's Net-zero 2050 ScenarioAgainst9.97%
5/17/22GovernanceNational Legal and Policy CenterDisclose Director Skills and Qualifications Including Ideological PerspectivesAgainst4.09%
5/17/22GovernanceNational Center for Public Policy ResearchAmend Certificate of Incorporation to Become a Public Benefit CorporationAgainst0.74%
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