JPMorgan ‘Expects’ Criticism Over DEI, Links to ESG Groups (1)

JPMorgan Chase faces risks to its business from pushback over its diversity, equity, and inclusion policies, the bank said in a regulatory filing Friday.

The megabank said in its 10-K annual report to shareholders that it “expects that it will continue to be criticized by activists, politicians, and other members of the public concerning business practices or positions taken by JPMorgan with respect to matters of public policy.” The filing specifically cited DEI, which was not among risks mentioned in any annual report since the company ramped up its diversity initiatives in 2021.

The disclosure comes as companies have ...