Is this our new system of and are we included in it??????????????????
"Attention Fellow JPMorgan Chase Shareholders:
Proposal 5 on the JPMorgan Chase proxy requests that “Board of Directors of JPMorgan Chase (JPM) issue a report disclosing whether and how the Company addresses the potential risks and opportunities related to the social impacts of JPM’s transition finance efforts.”
Why a report on the social implications of transition finance makes sense for shareholders
Climate transition finance is big business. JPMorgan Chase1 has made a $1 trillion commitment to transition finance. Commitments to climate transition finance by competing institutions include $1 trillion by Bank of America,2 and $750 billion by Morgan Stanley,3 among others in the U.S. The world’s largest asset manager, BlackRock, calls the low-carbon transition one of five “mega forces,” “set to spur a massive reallocation of capital as energy systems are rewired,” which “creates major opportunities - and risks - for investors.”4 Another major asset manager, State Street Corp, exclaims that “[t]he energy transition presents what is perhaps a once-in-a-century opportunity for companies and investors…”5