JPMorgan Chase Releases Full Set of 2011-2012 Corporate Responsibility Reports
NEW YORK--(BUSINESS WIRE)-- JPMorgan Chase (NYS: JPM) today announced the release of its full set of corporate responsibility reports, highlighting the firm's global efforts to help grow the economy, strengthen the communities in which it operates, expand educational opportunity, and promote environmental sustainability. These three reports - a firm-wide JPMorgan Chase report, a J.P. Morgan report focused on the firm's activities outside of the U.S., and a summary report - collectively underscore the firm's commitment to its communities around the world.
"We've boosted our efforts across the board to do our part globally to help spur economic growth, strengthen our communities, and to address critical social issues in the places we do business," said Jamie Dimon, Chairman and CEO, JPMorgan Chase. "Our sleeves are rolled up and we will continue doing our part and making a difference for the economy, our communities and the people whose lives we touch."
Over the past two years, JPMorgan Chase continued to partner with the public sector, financing and advising cities, governments and multilateral organizations about financial affairs, as well as governance, growth and sustainability. The firm donated more than $200 million to nonprofit organizations in 2011 and worked with community organizations to help stabilize impoverished neighborhoods, funding programs that provide job training and financial literacy education and support small business entrepreneurs. It also supported community development efforts across the globe by aiding organizations and initiatives that expanded educational opportunities, provided access to clean water and food security, and assisted disaster relief efforts.
JPMorgan Chase's efforts to give back to its communities in 2011 and 2012 went beyond philanthropic works, as it led the way toward global economic recovery and growth:
helped clients raise $430 billion in capital globally and led the market in arranging or lending approximately $440 billion in 1,204 transactions;
expanded existing offices, opened new ones, and hired new employees in Asia, Latin America, Africa and the Middle East; and
provided and raised $68 billion of capital and credit for over 1,200 nonprofit and government entities in the U.S.
Through a $10 million gift to the Brookings Institution, the firm helped launch the Global Cities Initiative, an innovative initiative to help metropolitan areas in the U.S. and around the world gain the data, policy ideas and global connections they need to better compete in the global economy.
The JPMorgan Chase report also illuminates ways the firm honored U.S. military and veterans, helped homebuyers and homeowners in the U.S., continued to increase its lending to small businesses, earning the position of #1 Small Business Administration lender for the second year in a row, and made banking easier for consumers with new easy-to-read disclosures and convenient banking tools.
For more information about corporate responsibility at JPMorgan Chase, or to view the reports, please visit www.jpmorganchase.com/corporateresponsibility.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYS: JPM) is a leading global financial services firm with assets of $2.3 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
JPMorgan Chase & Co.
Jennifer Kim, 212- 622-7068
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