An experienced financial executive, Jesus Fomperosa Perea has held senior leadership roles in several global banking and finance institutions over a long career. Jesus Fomperosa has worked for JPMorgan since 2002 and currently serves as a managing director for the company.
In October 2020, JPMorgan announced it would begin aligning its financing portfolio to help achieve the Paris Agreement goals. These goals aim to limit global average temperatures from increasing over 1.5 - 2.0 Celsius above pre-industrial temperatures. Achieving these goals will help address climate change, one of the most acute problems facing the human race.
The financing portfolio alignment will focus on three sectors: electric power, oil and gas, and automotive manufacturing, since these sectors collectively generate a considerable portion of global emissions. Accurate tracking of emissions per unit of output (carbon intensity) is an integral component of this initiative. Carbon intensity, measured over time with other indicators, will reveal which producers improved their operations.
JPMorgan is developing sector-by-sector 2030 emission targets for the three sectors. Meanwhile, the majority of the bank’s clients have expressed an interest in taking part in the climate change solution. In addition to realigning its portfolio, JPMorgan remains committed to carbon-neutral operations beyond its original promise of renewable energy sourcing for its entire company.
