JPMorgan Dismisses Wall Street's Transition-Finance Craze
JPMorgan Chase & Co. is distancing itself from the transition-finance trend, which involves allocating capital to activities aimed at reducing carbon emissions. While other major banks like Wells Fargo and Citigroup are developing frameworks for such investments, JPMorgan's Linda French argues that labeling assets as 'transition' does not necessarily attract capital, as investors prioritize economic viability over definitions. This stance comes amid challenges in the climate finance sector, where green investments have underperformed compared to broader market indices.
