JPMorgan Chase

Investors Against Genocide sought to engage with JPMorgan, including submitting and defending shareholder proposals for genocide-free investing. Ultimately, that engagement failed. JPMorgan was not interested in having a genocide-free investing policy and consistently opposed genocide-free investing shareholder proposals. Investors Against Genocide is no longer engaging JPMorgan.

JPMorgan, along with many financial institutions, has invested in the handful of foreign oil companies which helped to fund the government of Sudan’s deadly campaign of violence against millions of its citizens. JPMorgan does not have a genocide-free investing policy and has been one of the world’s largest owners of shares of PetroChina, one of those oil companies. These investments, while legal, are inconsistent with U.S. sanctions explicitly prohibiting transactions relating to Sudan and Syria’s petroleum industries.

JPMorgan’s current policies are not addressing their investments tied to genocide. Despite having adopted a variety of policies addressing social concerns and being a signatory to the UN Principles for Responsible Investment, JPMorgan continues to have large holdings in PetroChina, including increasing its holdings in 2018.

Genocide-free investing was on the JPMorgan ballot in 2018, 2013, 2012, and 2011. Read more about the 2018 and earlier proxy voting here.

  • Has a genocide-free investing policy
  • Divested from PetroChina
  • Voted for GFI shareholder proposal