JPMorgan Chase to Reach 100% Renewable Energy for Global Operations

JPMorgan Chase expects to reach its goal of 100% renewable energy sourcing for global power needs across its buildings, branches, and data centers by the end of this year. The global financial services firm with assets of $2.6 trillion initially set the 100% renewable energy target for 2020 in 2017. JPMorgan Chase’s strategy to get there included: Reducing energy consumption by implementing energy-efficient lighting and other technologies. Deploying onsite renewable energy at retail branches and commercial buildings globally. Executing power purchase agreements (PPAs) to support the development of new renewable energy projects on grids from which the company purchases energy. Purchasing renewable energy certificates (RECs) to cover their remaining electricity supply.