JPMorgan Investors Reject Scrutiny of Climate, Diversity Support

JPMorgan Chase investors on Tuesday voted against proposals pressing the financial institution on its climate and human rights commitments.

One bid, brought by the Maryknoll Sisters of St. Dominic, said the bank’s asset management arm has supported fewer climate-related proposals than its peers, putting it “far behind other investment firms.” JPMorgan’s asset management practice votes on proxy proposals on behalf of its clients, including bids related to climate change that could influence corporate policies. The proposal received 7.8% of investor support.

JPMorgan in 2023 voted for only 15 climate resolutions out of 65, the bid said. The proponents of the ...