Sustainable investing

You have the power to change the world with your investments. Sustainable investing is now a widely used strategy for achieving financial returns as well as environmental, social and governance-related (ESG) goals. But the space is evolving and new opportunities arise all the time. We are here to help. We have analytical tools to gauge how your current portfolio aligns with your values, and a team who can help you set your goals, select the right products and execute your sustainable investing strategy.

Today, a growing number of investors are integrating their values and missions with their financial objectives. They’re putting their wealth to work for the issues they believe in. But to do so effectively takes experience, resources and ingenuity.

Decoding the Elements of Sustainable Investing

Sustainable investing is an increasingly viable means to align your investments with your social or environmental goals. But what’s the best way for you to go about it? Here, Jessica Matthews, Global Head of Sustainable Investing for J.P. Morgan Private Bank, describes four key pathways that can help you clearly and simultaneously achieve both imperatives.

Ms. Matthews: Sustainable investing has been an area of increasing interest to clients in the past couple years with investors who view investments as a way that they can further align with their philanthropic or social or environmental goals. So what is sustainable investing? Investors hear a whole litany of different terms that can be somewhat confusing: the so-called alphabet soup of impact investing, ESG, SRI, responsible investing, MRI.

We at J.P.Morgan use the term sustainable investing as the broad umbrella term to describe approaches that align with financial and social and environmental goals, and four different areas or approaches that can be used either individually or in concert across the entire portfolio.

The first is exclusionary screening or negative screening where investors can choose a specific issue area or sector that they'd like to exclude from the portfolio, like tobacco, weapons, or gambling.

The second is environmental, social and governance integration or ESG integration. This is where investors can choose to align their portfolio with ESG principles, and that can be done in a way that is both aligned with investors' values, so investors might want to choose the best actors along environmental standards, or it might really be from a more risk-mitigation or return-enhancing standpoint. For example, an investor might say, "We're worried about climate change and we'd like to be thinking about exposures in our portfolio."

The third is thematic investing, and as it sounds, investors might chose a specific issue area or theme that they want to tilt the portfolio towards. This can include funds that are environmentally focused, gender-diversity funds, or community development funds, all with a specific theme or issue area that a client is driving towards.

The last is impact investing, and this is primarily found in the private capital markets. And an important distinguishing feature of impact investing is that the investments are made with intentionality. That means intentionality towards creating a certain social or environmental outcome.

So how do we work with clients? Pulling it all together, there are several different steps we take if a client indicates that they'd like to explore a sustainable investing portfolio. Often the first step is actually just starting with education. Clients really want to bring us in to help them level set and understand what the space looks like and what these different approaches are that they could take. Second, we work with clients to develop their goals, asking several key questions like what are you trying to accomplish with your sustainable investing program?

And are there certain issue areas that you want to tilt towards or perhaps remove from the portfolio? And with implementation, we're really seeking to customize a portfolio along the lines of those goals that those clients described to us.

We can do this across the entire portfolio, or if clients desire, we can just do it in certain parts of the portfolio in a more incremental way. But ultimately, our goal is to work with clients to implement both their financial objectives and their social and environmental objectives, and we really feel like we can do this in concert with each other.

We feel like we're well positioned at J.P.Morgan to help you achieve your sustainable investing goals. Please feel free to call your J.P.Morgan advisor for more information.

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Opinions expressed are those of the speakers and may differ from those of other J.P. Morgan employees and affiliates. Neither J.P. Morgan nor any of its affiliates can represent that the statements or opinions expressed today will materialize.

This is not an investment research video. The views and strategies described may not be suitable for all investors. This video is not intended as personal investment advice or as a solicitation or recommendation. If you are considering any investment or strategy, you should speak with your J.P. Morgan representative before investing. Past performance is no guarantee of future results.

Please read important information at the end of the presentation.

INVESTMENT PRODUCTS:

• NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE

On screen:

A JPMorgan Chase and Company logo appears. Next, Jessica Matthews, a woman with dark hair and brown eyes, stands by a wall-sized window overlooking a tree and a city street.

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Jessica Matthews. Global Head of Sustainable Investing, J.P. Morgan Private Bank.

Ms. Matthews:

Sustainable investing has been an area of increasing interest to clients in the past couple years with investors who view investments as a way that they can further align with their philanthropic or social or environmental goals. So, what is sustainable investing? Investors hear a whole litany of different terms that can be somewhat confusing: the so-called alphabet soup of impact investing, ESG, SRI, responsible investing, MRI.

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A forest of evergreens appears, along with text.

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THE RANGE OF TERMINOLOGY:

Environmental, Social, and Governance (ESG)

Responsible Investing

Impact Investing

Socially Responsible Investing (SRI)

Green Investing

Community Investing

Mission Related Investing (MRI)

Values Based Investing

Double/Triple Bottom Line Investing

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A close-up of Ms. Matthews.

Ms. Matthews:

We at J.P. Morgan use the term sustainable investing as the broad umbrella term to describe approaches that align with financial and social and environmental goals -

Text on screen:

Sustainable Investing - Investment approaches that incorporate financial as well as social and environmental objectives.

Ms. Matthews:

And four different areas or approaches that can be used either individually or in concert across the entire portfolio. The first is exclusionary screening or negative screening where investors can choose a specific issue area or sector that they'd like to exclude from the portfolio, like tobacco, weapons, or gambling.

Text on screen:

Exclusionary Screening - Avoid investing in companies and sectors that do not align with your values.

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ESG Integration - Integrate environmental, social and governance issues into your investing approach.

Ms. Matthews:

The second is environmental, social and governance integration or ESG integration. This is where investors can choose to align their portfolio with ESG principles, and that can be done in a way that is both aligned with investors' values, so investors might want to choose the best actors along environmental standards, or it might really be from a more risk-mitigation or return-enhancing standpoint.

On screen:

Trees tower over a clear river. Next, a large wall of solar panels.

Ms. Matthews:

For example, an investor might say, "We're worried about climate change and we'd like to be thinking about exposures in our portfolio."

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Thematic Investing - Investing according to your interest in specific sectors or innovations

Ms. Matthews:

The third is thematic investing, and as it sounds, investors might chose a specific issue area or theme that they want to tilt the portfolio towards.

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A montage shows: a massive dam; young girls working together on computers; and construction workers building a house.

Ms. Matthews:

This can include funds that are environmentally focused, gender-diversity funds, or community development funds, all with a specific theme or issue area that a client is driving towards.

Text on screen:

Impact Investing - Invest in specific companies, organizations or funds that are doing work you want to support

Ms. Matthews:

The last is impact investing, and this is primarily found in the private capital markets. And an important distinguishing feature of impact investing is that the investments are made with intentionality. That means intentionality towards creating a certain social or environmental outcome.

On screen:

In a J.P. Morgan building, an executive looks over a report. Next, a client consults with an advisor in a spacious office, overlooking a metropolitan city. Next, two men in business suits shake hands. Next, a group of executives meet in a conference room. Then, a close-up of Ms. Matthews.

Ms. Matthews:

So how do we work with clients? Pulling it all together, there are several different steps we take if a client indicates that they'd like to explore a sustainable investing portfolio. Often the first step is actually just starting with education. Clients really want to bring us in to help them level set and understand what the space looks like and what these different approaches are that they could take. Second, we work with clients to develop their goals, asking several key questions like what are you trying to accomplish with your sustainable investing program?

Text on screen:

What are you hoping to accomplish through your sustainable investing program?

Ms. Matthews:

And are there certain issue areas that you want to tilt towards or perhaps remove from the portfolio?

Text on screen:

What areas in the sustainable investing space would you be interested in exploring?

Ms. Matthews:

And with implementation, we're really seeking to customize a portfolio along the lines of those goals that those clients described to us.

On screen:

In a stylish corporate lobby, two J.P. Morgan executives shake hands with two clients. Then, a close-up of Ms. Matthews.

Ms. Matthews:

We can do this across the entire portfolio, or if clients desire, we can just do it in certain parts of the portfolio in a more incremental way. But ultimately, our goal is to work with clients to implement both their financial objectives and their social and environmental objectives, and we really feel like we can do this in concert with each other. We feel like we're well positioned at J.P. Morgan to help you achieve your sustainable investing goals. Please feel free to call your J.P. Morgan advisor for more information.

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J.P. Morgan.

IMPORTANT INFORMATION ABOUT YOUR INVESTMENTS AND POTENTIAL CONFLICTS OF INTEREST

Conflicts of interest will arise whenever JPMorgan Chase Bank, N.A. or any of its affiliates (together, “J.P. Morgan”) have an actual or perceived economic or other incentive in its management of our clients’ portfolios to act in a way that benefits J.P. Morgan. Conflicts will result, for example (to the extent the following activities are permitted in your account): (1) when J.P. Morgan invests in an investment product, such as a mutual fund, structured product, separately managed account or hedge fund issued or managed by JPMorgan Chase Bank, N.A. or an affiliate, such as J.P. Morgan Investment Management Inc.; (2) when a J.P. Morgan entity obtains services, including trade execution and trade clearing, from an affiliate; (3) when J.P. Morgan receives payment as a result of purchasing an investment product for a client’s account; or (4) when J.P. Morgan receives payment for providing services (including shareholder servicing, recordkeeping or custody) with respect to investment products purchased for a client’s portfolio. Other conflicts will result because of relationships that J.P. Morgan has with other clients or when J.P. Morgan acts for its own account.

Investment strategies are selected from both J.P. Morgan and third-party asset managers and are subject to a review process by our manager research teams. From this pool of strategies, our portfolio construction teams select those strategies we believe fit our asset allocation goals and forward-looking views in order to meet the portfolio's investment objective.

As a general matter, we prefer J.P. Morgan-managed strategies. We expect the proportion of J.P. Morgan-managed strategies will be high (in fact, up to 100 percent) in strategies such as, for example, cash and high-quality fixed income, subject to applicable law and any account-specific considerations.

While our internally managed strategies generally align well with our forward-looking views, and we are familiar with the investment processes as well as the risk and compliance philosophy of the firm, it is important to note that J.P. Morgan receives more overall fees when internally managed strategies are included. We offer the option of choosing to exclude J.P. Morgan-managed strategies (other than cash and liquidity products) in certain portfolios.

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In the United States, bank deposit accounts and related services, such as checking, savings and bank lending, may be subject to approval are offered by JPMorgan Chase Bank, N.A. Member FDIC.

JPMorgan Chase Bank, N.A. and its affiliates (collectively “JPMCB”) offer investment products, which may include bank-managed accounts and custody, as part of its trust and fiduciary services. Other investment products and services, such as brokerage and advisory accounts, are offered through J.P. Morgan Securities LLC (“JPMS”), a member of FINRA and SIPC. JPMCB and JPMS are affiliated companies under the common control of JPM. Products not available in all states.

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END

IMPORTANT INFORMATION ABOUT YOUR INVESTMENTS AND POTENTIAL CONFLICTS OF INTEREST

Conflicts of interest will arise whenever JPMorgan Chase Bank, N.A. or any of its affiliates (together, “J.P. Morgan”) have an actual or perceived economic or other incentive in its management of our clients’ portfolios to act in a way that benefits J.P. Morgan. Conflicts will result, for example (to the extent the following activities are permitted in your account): (1) when J.P. Morgan invests in an investment product, such as a mutual fund, structured product, separately managed account or hedge fund issued or managed by JPMorgan Chase Bank, N.A. or an affiliate, such as J.P. Morgan Investment Management Inc.; (2) when a J.P. Morgan entity obtains services, including trade execution and trade clearing, from an affiliate; (3) when J.P. Morgan receives payment as a result of purchasing an investment product for a client’s account; or (4) when J.P. Morgan receives payment for providing services (including shareholder servicing, recordkeeping or custody) with respect to investment products purchased for a client’s portfolio. Other conflicts will result because of relationships that J.P. Morgan has with other clients or when J.P. Morgan acts for its own account.

Investment strategies are selected from both J.P. Morgan and third-party asset managers and are subject to a review process by our manager research teams. From this pool of strategies, our portfolio construction teams select those strategies we believe fit our asset allocation goals and forward-looking views in order to meet the portfolio's investment objective.

As a general matter, we prefer J.P. Morgan-managed strategies. We expect the proportion of J.P. Morgan-managed strategies will be high (in fact, up to 100 percent) in strategies such as, for example, cash and high-quality fixed income, subject to applicable law and any account-specific considerations.

While our internally managed strategies generally align well with our forward-looking views, and we are familiar with the investment processes as well as the risk and compliance philosophy of the firm, it is important to note that J.P. Morgan receives more overall fees when internally managed strategies are included. We offer the option of choosing to exclude J.P. Morgan-managed strategies (other than cash and liquidity products) in certain portfolios.

IMPORTANT INFORMATION

Purpose of This Material

This material is for information purposes only. The information provided may inform you of certain products and services offered by J.P. Morgan’s wealth management businesses, part of JPMorgan Chase & Co. (“JPM”). The views and strategies described in the material may not be suitable for all investors and are subject to risks. This material is confidential and intended for your personal use. It should not be circulated to or used by any other person, or duplicated for non-personal use, without our permission. Please read this Important Information in its entirety.

Legal Entity and Regulatory Information

In the United States, bank deposit accounts and related services, such as checking, savings and bank lending, may be subject to approval are offered by JPMorgan Chase Bank, N.A. Member FDIC.

JPMorgan Chase Bank, N.A. and its affiliates (collectively “JPMCB”) offer investment products, which may include bank-managed accounts and custody, as part of its trust and fiduciary services. Other investment products and services, such as brokerage and advisory accounts, are offered through J.P. Morgan Securities LLC (“JPMS”), a member of FINRA and SIPC. JPMCB and JPMS are affiliated companies under the common control of JPM. Products not available in all states.

In the United Kingdom, this material is issued by J.P. Morgan International Bank Limited (JPMIB) with the registered office located at 25 Bank Street, Canary Wharf, London E14 5JP, registered in England No. 03838766. JPMIB is authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. In addition, this material may be distributed by JPMorgan Chase Bank, N.A. (“JPMCB”), Paris branch, which is regulated by the French banking authorities Autorité de Contrôle Prudentiel et de Résolution and Autorité des Marchés Financiers or by J.P. Morgan (Suisse) SA, which is regulated in Switzerland by the Swiss Financial Market Supervisory Authority (FINMA).

In Hong Kong, this material is distributed by JPMCB, Hong Kong branch. JPMCB, Hong Kong branch is regulated by the Hong Kong Monetary Authority and the Securities and Futures Commission of Hong Kong. In Hong Kong, we will cease to use your personal data for our marketing purposes without charge if you so request. In Singapore, this material is distributed by JPMCB, Singapore branch. JPMCB, Singapore branch is regulated by the Monetary Authority of Singapore. Dealing and advisory services and discretionary investment management services are provided to you by JPMCB, Hong Kong/Singapore branch (as notified to you). Banking and custody services are provided to you by JPMIB and/or JPMCB Singapore Branch. The contents of this document have not been reviewed by any regulatory authority in Hong Kong, Singapore or any other jurisdictions. You are advised to exercise caution in relation to this document. If you are in any doubt about any of the contents of this document, you should obtain independent professional advice.

In Australia, JPMCB (ABN 43 074 112 011/AFS Licence No: 238367) is regulated by the Australian Securities and Investment Commission and the Australian Prudential Regulation Authority. JPMS is a registered foreign company (overseas) (ARBN 109293610) incorporated in Delaware, U.S.A. Under Australian financial services licensing requirements, carrying on a financial services business in Australia requires a financial service provider, such as JPMCBNA and JPMS, to hold an Australian Financial Services Licence (AFSL), unless an exemption applies. JPMS is exempt from the requirement to hold an AFSL under the Corporations Act 2001 (Cth) (Act) in respect of financial services it provides to you, and is regulated by the SEC, FINRA and CFTC under U.S. laws, which differ from Australian laws. Material provided by JPMCBNA and/or JPMS in Australia is to “wholesale clients” only. The information provided in this material is not intended to be, and must not be, distributed or passed on, directly or indirectly, to any other class of persons in Australia. For the purposes of this paragraph the term “wholesale client” has the meaning given in section 761G of the Act. Please inform us immediately if you are not a Wholesale Client now or if you cease to be a Wholesale Client at any time in the future.

With respect to countries in Latin America, the distribution of this material may be restricted in certain jurisdictions. Receipt of this material does not constitute an offer or solicitation to any person in any jurisdiction in which such offer or solicitation is not authorized or to any person to whom it would be unlawful to make such offer or solicitation. To the extent this content makes reference to a fund, the Fund may not be publicly offered in any Latin American country, without previous registration of such fund’s securities in compliance with the laws of the corresponding jurisdiction. Public Offering of any security, including the shares of the Fund, without previous registration at Brazilian Securities and Exchange Commission–CVM is completely prohibited. Some products or services contained in the materials might not be currently provided by the Brazilian and Mexican platforms.

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Aligning sustainable investments with your values

How do you want to put your investment dollars to work for social good? Maybe you want to avoid companies whose products you don’t support. Or that aren’t doing what they should to protect the environment. Maybe you want to help companies that support the empowerment of women and girls.

Or maybe you don’t know exactly what impact you want to have.

Whatever your priorities are, we can work with you to create an investment strategy that aligns your sustainable investment objectives and your risk and return expectations. You can choose from a range of investing approaches, alone or in concert:

Exclusionary screening: Avoid investing in companies or sectors whose products or business practices do not align with your values or meet other standards.
Environmental, social and governance (ESG) integration: Actively integrate ESG issues into investment due diligence and financial analysis.
Thematic investing: Invest in companies that target specific issue areas or themes, such as water, clean energy and gender diversity.
Impact investing: Invest in companies or projects to generate positive social and/or environmental impact alongside financial return.

Our robust sustainable investing platform spans asset classes, and allows you to support a range of social and environmental themes and issues areas, including water, clean energy, healthcare, infrastructure, urbanization, faith-based, and gender lens.

With priorities established and investments selected, we’ll work with you to set a timeline you’re comfortable with. You may prefer to gradually transition your portfolio to sustainable investments, or perhaps you’re ready to jump right in. Either way, we’ll establish a prudent implementation plan that works for you over the long run. One that takes into account your preferences, risk tolerances and overall sustainable investing goals.

There’s often a misperception that you have to sacrifice returns if you want your investments to be aligned with your values. But with the right tools and advice, you can achieve both your financial and sustainable investing goals.

Jessica Matthews, Global Head of Sustainable Investing for J.P. Morgan Private Bank

Corporate Social Responsibility

At J.P. Morgan, we practice what we preach. We show our commitment to creating positive societal change through corporate initiatives in communities across the globe and advancing sustainability both for our clients and in our own operations. We integrate environmental, social and governance (ESG) considerations into the policies and principles that govern our entire company.

It’s a far-reaching commitment. We have:

Underwrote $10.6 billion in green and bonds with a sustainable use of proceeds
Facilitated $100.3 billion in clean financing with a goal of $200 billion in 2025
Committed or arranged over $21 billion in financing for wind, solar and geothermal energy projects in the U.S. since 2003

*Source: 2018 Environmental, Social and Governance Report, J.P. Morgan Chase & Co.

In addition to our sustainability efforts, we’ve received various accolades and awards** that include:

Best Private Bank for ESG/Social Impact Investing (U.S., Peru, and Bahrain) in the 2019 Euromoney Survey
2018 Energy Star Partner of the Year For energy efficiency initiatives that protect the environment
2019 Careers & the disabled Top 10 provider of positive work environment
2018 Named to Fortune’s CHANGE THE WORLD LIST for leadership toward social good

Get started with sustainable investing

J.P. Morgan’s sustainable investing team has the resources you need to get started – or take the next step – with a sustainable investing strategy. We look forward to learning more about how you would like to make an impact.

**Awards or rankings are not indicative of future success or results. Published information is generally based exclusively on material prepared and/or submitted by the recognized recipient. To learn about selection criteria, contact the issuing third-party, non-affiliated organization(s).

Investing Capital for Good

We’ve made a commitment to our clients, to our shared sustainability goals, and to making a positive impact on the communities we serve. Learn more about our initiatives.