JPMorgan Chase Commercial Banking has set up a specialised team focused on providing green economy dedicated banking services and expertise.
The new green economy team will initially focus on four industry sectors of renewable energy, efficiency technology, sustainable finance and agriculture and food technology.
The team will “leverage the full breadth” of JPMorgan Chase’s offerings across treasury, credit and investment banking to help clients “address operational challenges and fuel the growth of green businesses at large”.
JPMorgan Chase Commercial Banking has named Brian Lehman as the head of the green economy team.
Lehman, who will build a dedicated team of bankers to serve the segment, has more than 20 years of client-facing experience and deep knowledge of sustainable finance.
Lehman said: “The path to a more sustainable future heavily depends on our actions today.
“At JPMorgan Chase, we’ve seen a growing number of clients and industries whose foundations are built upon reducing greenhouse gas emissions.
“Our Green Economy banking team will not only deliver industry-specific advice, solutions and services to help green enterprises grow, but will also use our leadership position to promote a more sustainable world.
“Sustainability, including the need to address climate change, is important to JPMorgan Chase and many of our clients,” said Doug Petno, CEO of Commercial Banking at JPMorgan Chase.
“We’re excited to launch our green economy team, which will expand our capabilities to meet the changing needs of our clients and support the growth of industries and companies that will help make the world a better place for us all.”