JPMorgan Chase issues $1 billion inaugural social bonds
LONDON: JPMorgan Chase & Co. has completed the Firm’s inaugural social bond issuance of $1 billion.
JPMorgan Chase’s inaugural social bond issuance builds on the Firm’s inaugural green bond issuance and will support its longstanding commitment to affordable housing. For example, as part of the Firm’s $30 billion commitment to help advance racial equity and support an inclusive economic recovery through business and philanthropic capital, JPMorgan Chase will help promote and expand affordable housing in underserved communities.
“JPMorgan Chase is committed to using innovative financing strategies to support a sustainable and inclusive recovery,” said Marisa Buchanan, Head of Sustainability at JPMorgan Chase. “With a focus on boosting affordable housing, our inaugural social bond issuance builds on our leadership in the sustainable bond market and our strategy to use our business expertise to create opportunity for underserved communities.”
JPMorgan Chase’s inaugural social bond issuance is part of its firmwide sustainability strategy and was issued in accordance with the JPMorgan Chase & Co. Sustainable Bond Framework. The Framework includes more details on JPMorgan Chase’s sustainable bond issuance strategy and eligible project categories.
