JPMorgan rebrands DEI, leaves Net-Zero Asset Managers initiative

JPMorgan rebrands DEI, leaves Net-Zero Asset Managers initiative

The bank said it will swap “equity” for “opportunity” in its DEI policy and that it left NZAM due to the net-zero group’s operational pause.

The Australian insurer QBE has declared its withdrawal from the Net-Zero Asset Owner Alliance. Although he does not mention the developments in the US in the corresponding communication and does not renounce climate protection, the development recalls the fate of the Net-Zero Insurance Alliance, which has already fallen victim to political pressure from the US – as well as other climate initiatives in the global financial sector.

Sumitomo Mitsui exits Net Zero Banking Alliance amid global shifts

Sumitomo Mitsui Financial Group (SMFG), the second-largest bank in Japan, has announced its withdrawal from the Net-Zero Banking Alliance (NZBA), a significant move that marks the first exit by a Japanese bank from this UN-backed initiative. SMFG’s departure from the NZBA aligns with a growing trend among North American banks, who have increasingly distanced themselves from similar climate commitments due to rising political pressures, especiall…

JPMAM, QBE in fresh exits from net-zero finance initiatives

JP Morgan Asset Management’s move comes after it had already quit Climate Action 100+ and its parent had left the Net Zero Banking Alliance

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US-based financial services giant JPMorgan Chase has rebranded its Diversity, Equity, and Inclusion (DEI) strategy to Diversity, Opportunity, and Inclusion (DOI), reflecting what the company calls a more accurate depiction of its approach. While the language shift may seem subtle, the implications are far from minor—especially as businesses across the U.S. recalibrate their DEI efforts under growing political and legal scrutiny. According to JP …

JPMorgan Chase Rebrands Its DEI Program To Diversity, Opportunity & Inclusion

JPMorgan Chase is altering the name of what was formerly its DEI program. As AFROTECH previously told you, JPMorgan Chase seemingly positioned itself with the stance that it would uphold diversity, equity, and inclusion (DEI) efforts despite pressures from the National Legal and Policy Center (NLPC), a conservative nonprofit organization. There has been a sweeping shift with many companies aligning themselves with policies from President Donald …