JPMorgan Latest US Bank to Leave UN-Backed Climate Pledge

JPMorgan joins Morgan Stanley, Citigroup, Bank of America, Wells Fargo, and Goldman Sachs in quitting the Net-Zero Banking Alliance.

JPMorgan Chase CEO Jamie Dimon testifies in Washington on Sept. 21, 2022. Reuters/Elizabeth Frantz/File Photo

JPMorgan Chase & Co. is the latest major financial institution to leave the Net-Zero Banking Alliance.

On Jan. 7, the New York-based financial services company confirmed in a statement its departure from the United Nations-backed alliance.