JP Morgan Chase 2006 Annual Report Download - page 22

JPMorgan Chase is committed to
building vibrant communities,
preserving our environment and
promoting an inclusive culture
that benefits our shareholders,
customers, employees, neighbors
and future generations. Corporate
citizenship is fundamental to our
success as a firm.
Our investment in programs that
enable people to live, learn and
thrive helps enhance the quality
of the communities we serve. We
contribute our leadership guidance,
expertise and financial resources
to help strengthen neighborhoods
across the globe.
Inside our firm, we are building
an inclusive culture in which every-
one has the opportunity to con-
tribute, develop and succeed based
upon their talents and skills. In
an increasingly global economy,
we view the diverse experiences
and perspectives of our people as
a critical asset.
MAJOR 2006 ACCOMPLISHMENTS
•Invested more than $110 million in the communities we serve by supporting in excess of 2,800 not-for-
profit organizations globally. We carefully select partners that promote economic stability, improve
access to quality education and inspire communities through the celebration of arts and culture. Our
investments span the globe, positively impacting communities in nearly 500 cities across 33 countries.
•Achieved significant progress toward our 10-year pledge to invest $800 billion in low- and moderate-
income communities in the U.S. – the largest commitment by any bank focused on mortgages,
small-business lending and community development. In 2006, we committed $87 billion, with total
investment to date of $241 billion in the third year of the program.
•Played a leadership role in the creation of The New York Acquisition Fund, along with 15 lenders and
in conjunction with six foundations and the City of New York. The Fund is a $230 million initiative to
finance the acquisition of land and buildings to be developed and/or preserved for affordable housing.
•Led the effort to raise $1.5 billion of equity for the wind power market in 2006, with approximately
$650 million allocated to our own portfolio. The firm's renewable energy portfolio now comprises
approximately $1 billion of equity investments in 26 wind farms since its inception in 2003.
•Trained more than 100 bankers globally to better implement our environmental and social risk policy as
part of our environmental risk management efforts.
•Completed our U.S. greenhouse gas emissions baseline, increased our investments in energy efficiency
projects and purchased renewable energy credits (green energy).
•Built upon our commitment to supplier diversity, having spent in 2006 in excess of $500 million with
minority- and women-owned business enterprises – expenditures that increased even in light of an
overall decrease in provider spending.
2007 AND BEYOND
•Focus on increasing the social return, reach and impact of each dollar we invest in the community.
•Build and leverage employee volunteerism to improve our overall effectiveness and impact across the
many neighborhoods we serve.
•Continue seeking out partners that are best positioned to help us deliver our mission of building vibrant
communities that enable its members to live, learn and thrive.
•Maintain momentum toward our 10-year, $800 billion commitment to invest in communities across the U.S.
•Deepen our commitment to environmental awareness and continue developing financial products that
will help our clients reduce their greenhouse gas emissions.
•Continue our leadership in the area of supplier diversity while expanding our efforts to do business
with other disadvantaged groups.
•Continue developing at all levels a global pool of diverse talent to help us serve the unique and diverse
needs of our customer base.
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CORPORATE CITIZENSHIP