JP Morgan Chase 2008 Annual Report Download - page 38

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2008 Highlights and Accomplishments
• Took numerous steps to help stabilize
the U.S. financial system, including sig-
nificantly enhancing mortgage modifica-
tion and home foreclosure prevention
efforts and ongoing lending to consumers,
businesses, municipalities and not-for-
profits as well as acquiring Bear Stearns
and Washington Mutual.
•Invested more than $450 billion in low-
and moderate-income communities in
the first five years of our 10-year, $800
billion public commitment and also
earned the highest possible rating of
"Outstanding" in our latest Community
Reinvestment Act examination.
• Brought financial services to micro-
finance enterprises via advisory
services and principal investing.
Sponsored Grameen Foundation’s
Bankers without Borders, a new
program linking private sector
talent with the microfinance sector.
• Spent over $1 billion with diverse
suppliers for the first time in our history.
• Committed to reducing our greenhouse
gas emissions 20% by 2012. Began
program that will purchase carbon
credits to offset 100% of the carbon
dioxide resulting from employee global
air travel.
• Have $2.4 billion invested in renewable
energy projects and raised another
$3.4 billion from other institutions for
investment. Portfolio includes interests
in 54 wind farms as well as several
solar projects that together can power
close to 1.5 million U.S. homes annually.
• Adopted and published the JPMorgan
Chase Human Rights Statement in
support of the fundamental principles
of human rights.
• Strategically invested more than $100
million and contributed thousands of
employee volunteer hours in high-need
neighborhoods across the U.S. while
supporting hundreds of not-for-profits
that are strengthening communities we
serve in 28 other countries.
At JPMorgan Chase, corpo-
rate responsibility is about
what we do every day in
our businesses and how we
do it. We are committed to
managing our businesses
to create value for our con-
sumer and corporate clients
as well as our shareholders,
communities and employees
and to being a responsible
corporate citizen.
Our commitment to corporate responsibility
extends to every facet of our business – in
both good economic times and bad. We are
proactively assisting customers and clients
as well as supporting efforts to achieve
financial market stability throughout these
unprecedented economic times. As we look
to the future, we remain committed to doing
business in a responsible way, to being
responsible stewards of shareholder capital
and to being a good corporate partner to
our communities across the globe.
Corporate Responsibility