JPMorgan Chase Commercial Banking launched a green economy specialized industry team, which will provide dedicated banking services and expertise to companies that produce environmentally-friendly goods and services or focus on environmental conservation.
JPMorgan Chase Commercial Banking named Brian Lehman the head of green economy. Lehman, who will build a dedicated team of bankers to serve the segment, has more than 20 years of client-facing experience and knowledge of sustainable finance. He most recently led the diversified financials team within JP Morgan Chase Commercial Banking’s financial institutions group.
“The path to a more sustainable future heavily depends on our actions today,” Lehman said. “At JPMorgan Chase, we’ve seen a growing number of clients and industries whose foundations are built upon reducing greenhouse gas emissions. Our green economy banking team will not only deliver industry-specific advice, solutions and services to help green enterprises grow, but will also use our leadership position to promote a more sustainable world.”
The new green economy team will initially focus on four industry sectors: renewable energy, efficiency technology, sustainable finance, and agriculture and food technology. Leveraging JPMorgan Chase’s offerings across treasury, credit and investment banking, the green economy team will help clients address operational challenges and fuel the growth of green businesses at large. In addition to offering traditional banking services, the team will focus on providing community-minded financial solutions for clients, including green and environmental bonds.
“Sustainability, including the need to address climate change, is important to JPMorgan Chase and many of our clients,” Doug Petno, CEO of commercial banking at JPMorgan Chase, said. “We’re excited to launch our green economy team, which will expand our capabilities to meet the changing needs of our clients and support the growth of industries and companies that will help make the world a better place for us all.”
Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!