JP Morgan Chase 2009 Annual Report Download - page 46

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Corporate Responsibility
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
consumer, small business
and corporate clients, as
well as our shareholders,
communities and employ-
ees, and to being a respon-
sible corporate citizen.
2009 HIGHLIGHTS AND ACCOMPLISHMENTS
• Investedmorethan$573billioninlow-and
moderate-income families and communities in
therstsixyearsofour10-year,$800billion
CommunityDevelopmentcommitmentand
also earned the highest possible rating
of Outstanding in our latest Community
ReinvestmentActexamination.
• Providedinexcessof$690millioninnancing
for the construction or preservation of more
than5,500unitsofaordablehousingand
made investments in low-income communities
through our New Markets Tax Credits.
Recognized leader in supporting community
development financial institutions.
• Demonstratedoursupportforimpactinvesting
through our principal investment and place-
ments activity in the microfinance sector,
through our research on microfinance issues,
and as a founding sponsor of the Global Impact
InvestingNetwork.Expandedcommitment
to Grameen Foundation’s Bankers without
Borders®, an innovative program bringing
private sector talent to the microfinance sector.
• Launchedtheinnovativephilanthropiccampaign,
Chase Community Giving, engaging more than
2 million Facebook users in helping to direct
over$5milliontosmallandlocalcharities.
• Strategicallycontributedmorethan$100million
in high-need neighborhoods across the globe
while supporting thousands of not-for-profits
charged with strengthening the communities we
serve. Multiplied the impact of our philanthropic
investments through active partnership with
employee volunteers, community leaders, and
other private and public funders.
• Continuedenergyeciencyprogramstomeet
our20%greenhousegasreductiontarget.
Bought 100,000 carbon credits to oset emis-
sions from employee air travel. Increased num-
ber of branches built to smart and responsible
constructionpracticestomorethan90,includ-
ing13LEEDcertiedbranches.Signicantly
increased procurement of paper from certified
responsiblymanagedsourcesfrom8%oftotal
volumetoover69%andcontinuedeortsto
eliminate paper statements across the firm.
• Reviewedmorethan180nancialtransactions
to determine and, where possible, mitigate
adverse environmental and social impacts.
• Maintainedmorethan$1billioninannual
spend with diverse suppliers despite a
reduction in firmwide spend.
We do our best to manage and operate our company with a
consistent set of business principles and core values. First
and foremost, this means always trying to do the right thing.
2009 charitable contributions*
Artsandculture
Education
Community
development
Employee
programs
Other
* Percentages include charitable giving from
JPMorgan Chase & Co. and the JPMorgan Chase Foundation
0
100
200
300
400
500
600
700
$800
$70
$154
$241
$335
$504
$573
200920082007200620052004
First six years of cumulative spend of our 10-year,
$800 billion commitment to invest in low- and
moderate-income families and communities
(in billions)
42%
26%
16%
12%
4%