JPMorgan forms new team in commercial banking unit as part of green push
April 8 (Reuters) - JPMorgan Chase & Co said on
Thursday it has created a new team of bankers, who will work
with companies that produce environmental-friendly goods and
As part of the move, JPMorgan's commercial banking division
named Brian Lehman as the head of the 'Green Economy' team, the
bank said in a statement.
The new unit will support companies that focus on
environmental conservation, and initially target on four sectors
- renewable energy, efficiency technology, sustainable finance,
and agriculture and food technology.
Lehman, who was most recently the head of diversified
financials team within the commercial bank's financial
institutions group, has more than 20 years of experience in
The COVID-19 pandemic has caused a surge in interest in
companies that perform well on environmental, social and
governance (ESG) targets.
Last year, JPMorgan had committed $200 billion to facilitate
transactions that support climate action and sustainable
In March, Citigroup Inc announced a new investment
banking unit that will push for environmental sustainability.
The unit will include the franchises for chemicals, energy and
Larry Fink, the chief executive officer of BlackRock Inc,
the world’s largest asset manager, called for more disclosure
requirements from private companies in sustainability measures
(Reporting by Sohini Podder in Bengaluru; Editing by Rashmi
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