Sustainability

in Practice -
Group
Project
Section-A, Group-12

VANYAA KANSAL- 2021PGP422

ATISHYOPMA CHOUDHARY- 2021PGP077
PATEL MAYANK JAYANTILAL-
2021PGP244 CH V SATYA SANDEEP-
2021PGP093 SUNIL JAMUDA-
2018IPM111
VANYAA KANSAL -
2021PGP422
 3

“
JPMorgan Chase’s Aim:

Creating solutions that protect the

environment and grow the
economy.

”
 Partnered with GE, to Commitment to reduce 4
install energy efficient Green Bond Index Issued $1 billion the firm’s Scope 1 and 2
lighting across Chase (GENIE), covering 455 inaugural Green Bonds GHG
branches. green bonds across 42 with proceeds to fund emissions by 40% by

Milestones to a Low-Carbon Economy

countries. green building and 2030.
Entered 1st Power renewable energy projects.
Purchase Agreement for ESGQ quantitative metrics Sustainable
energy from 100 megawatt help investors pick stocks Announces $200 billion in development target -
wind farm, Texas, to to prioritize ESG factors financing in 2020 to facilitating $2.5 trillion
provide electricity for 13% covering 5,500 stocks advance the objectives of over the next 10 years
of JPMC’ USA’s power globally the to advance climate action,
consumption. UN-SDGs. including $1 trillion for
green initiatives.

2016 2018 2020 Future

2015 2017 2019 2021

New commitments:
Publishes first dedicated Published first Carbon
Environmental, Social
1)source renewable voluntary report on Compass
and Governance
energy for 100 percent of managing climate- Methodology -
the firm’s Report. related risks and target setting and
power needs by 2020 opportunities, guided by measurement process of
2)facilitate $200 billion in recommendations of the clients’ GHGs under
clean financing through Task Force on Paris Agreement-aligned
2025. Climate-related financing commitment
Source: https://www.jpmorganchase.com/impact/sustainability Financial Disclosures
(TCFD).
Environment Data 5
Source:
Company ESG Report
 6

Data Analysis and Review, and the Way Ahead

● In line with the firm’s sustainable development targets upto 2050, it can be noticed that Total
Emissions including Scope 1, 2 and 3 have been reducing consistently over the years. The
maximum decrease is notice in Scope 3 (business travel) in 2020, which is well-justified by the
COVID Aftermath.

● A main point of observation is that in 2020, JPMC was able to completely offset their carbon
emissions to reach a net-zero level - a commendable achievement towards operational
sustainability.

● 2020 has definitely been a significant year with regards to sustainability goals for the firm, as they
again achieved 100% proportion of power use from renewable sources, and the on-site power
generation also increased over the years while the total energy consumption is on a reducing
trend.

● The firm is aligning key sectors of their financing portfolio with the goals of the Paris Agreement,
which aims to limit the average global temperature rise to well below 2.0 degrees Celsius above
pre-industrial levels.

● JPMorgan Chase is firm in its commitment to navigate towards a low-carbon world, while
capitalising on long-term opportunities. They’re also helping their clients execute their strategies,
ATISHYOPMA CHOUDHARY -
2021PGP077
 8

McKinsey Sustainability:
Internal and External Initiatives

Sustainability Practice - Helping Clients Firm Sustainability

Initiatives
Reach net-zero Science-based targets
Working across climate impact to reduce GHG
Decarbonization
industries to reach by 2030 emissions
transformation
net zero by 2050
⅔ global offices achieved
95% renewable green-building certification
electricity (LEED Gold and BREEAM
(target 100% Excellent)
by 2025)
Research on
Sustainable emission-reduction,
Reduce Scope 3
investing & net-zero associated costs
emissions from business
financial institutions and investment
travel by 30% per
needs
employee

Acquisitions & In-House Capabilities
Material Economics is a leading
sustainability consultancy firm,
bringing in 30+ experts specialized
in “circularity”, detailed CO2
abatement strategies, and net-
zero transformations
Vivid Economics, an economics
consultancy with broad
sustainability capabilities, and
Planetrics, a climate analytics
suite to quantify report and
manage climate risk, will help
McKinsey support clients
in navigating the
urgent
implications of climate change
9
McKinsey Sustainability is a client-service platform
with the goal of helping all industry sectors
transform to get to net zero by 2050 and to cut
carbon emissions by half by 2030. McKinsey
Sustainability will invest in the creation of climate
and energy transition thought leadership, building
on its groundbreaking work on carbon cost
curves
Energy Insights leverages
data and technology to
enable organizations across
the energy value chain to
make
well-informed
strategic, tactical, and
operational decisions
 10

Source: McKinsey Social Responsibility Report

2020
Carbon-Reduction Projects

11
 IBM

PATEL MAYANK JAYANTILAL -

2021PGP244
 13

Pursuing efficient emissions capture

● IBM's global environmental management system has long included goal-setting,

and the company has always strived to be honest and authentic in its pursuit of
environmental leadership
● Within five years, they expect their research to produce new technologies for more
efficient carbon dioxide (CO2) capture
● IBM's fourth-generation CO2 emissions reduction target was to cut CO2 emissions
by 40% by 2025; they achieved this objective five years early, cutting CO2
emissions by 56.6%
● These reductions came as a result of a considerable increase in renewable energy
purchases, decreased total energy use (due in part to COVID-19), and a lower
carbon intensity of many of the electric grid regions where IBM consumes
electricity
● In 2021 they made Commitment to get net zero greenhouse gas emissions by
2030
 14
Environment Data

Source:
Company ESG Report
15
American Express

CH V SATYA SANDEEP -
2021PGP093
 17

ESG Mission of AmEx

“Back people and businesses to thrive and create equitable, resilient, and
sustainable communities globally”

- The 2020-21 Environmental, Social and Governance (ESG) Report outlines their
new ESG Strategy Roadmap focused on three core pillars:

1. Promoting Diversity, Equity, and Inclusion (DE&I)

2. Building Financial Confidence
3. Advancing Climate Solutions with new long-term goals and initiatives.
- Advancing Climate Solutions - Commitment to net-zero emissions globally by
2035 with $10M in new philanthropic funding to support initiatives addressing
climate change through 2025.
 18

ESG of Amex

Continued commitment to protecting

the environment and supporting a low-
carbon future. The company remained
carbon-neutral, was powered by
100 percent renewable
electricity and was named to
the 2019
CDP Climate A List,
which recognizes
corporate leaders for
their climate- action
and transparency.
 19

Highlights: 2017-18 Highlights: 2018-19

 20

Highlights: 2019-20 Highlights: 2020-21

“Implementing strong environmental,

social and governance policies and
activities remains a key priority for
American Express. I believe that by
marshalling our collective will,
creativity and resources, we will
emerge stronger and make strides in
making this a better, more just world
for all who inhabit it.”

- Stephen Squerl (Chairman &

CEO)
Infosys

SUNIL JAMUDA -
2018IPM111
 22

Impact on the environment

● In the year 2011, Infosys promised to the United Nations their aim to
become carbon neutral with a decrease in per capita power consumption
to half (taking 2008 as the base year) and utilising 100% renewable
power by 2020.
● Yet, moving towards a carbon-neutral enterprise is no easy task with such
huge numbers of employers and more than 45 million square feet in India
alone. Infosys wanted to move forward with innovation to build a truly
sustainable enterprise.
● Infosys' technique of accomplishing carbon neutrality is based on three
things:
1. decreasing energy utilisation through energy efficiency,
2. changing to renewable energy sources, and
3. balancing emissions that are outside its ability to control.
 23

Impact on the environment

● About 44.6% of the overall power prerequisites are met through

renewable sources, and 100% of food waste can be treated through
biogas and fertilising the soil plants.
● More than 11 million square feet of developed area is LEED Platinum
rated, and there is a 46% abatement in the per capita monthly water
utilisation since 2008.
● Additionally, there has been a 70% decrease in the carbon for the direct
and indirect emissions, with a 19% increase in energy consumption in
contrast with 143% expansion in the employee numbers.
● More than 100,000 rural families have profited directly from Infosys'
Community Offset Program since 2016, while 25,000 families are to profit
by an undertaking on biogas-energised cooking and organic cultivating.
 24

Impact on the environment

● Overall, the carbon offset projects undertaken by Infosys have favourably

impacted 11 out of the 17 Sustainable Development Goals and has also
generated 2400 and counting jobs.
● Current endeavours by Infosys' Community Offset Program are anticipated to
decrease yearly firewood utilisation by 1.2 million tons over the project's
life. The program is assessed to reduce emissions by more than 1 million
tons of carbon dioxide.
● Infosys recently turned carbon neutral in compliance with the PAC
standards, 30 years before the already planned Paris agreement that was
due 2050.
● They also announced the Environmental, Social, and Governance (ESG)
Vision of 2030. The aim is to ensure that 75 percent of the energy used
globally is renewable, measured against 2020 as the baseline.
 25

What has it been doing? Did it work?

It is difficult to say for sure, but it doesn't seem like there was any
reduction in environmental impact. Overall, Infosys's negative impact
on the environment has only grown over the past few years.
 26

Costs and Benefits