JPMorgan Chase has signed a five-year agreement to power more than 500 of its offices and branches in New York State with renewable electricity.
It has partnered with Brookfield Renewable, which will supply clean and renewable electricity to power 90% of the bank’s operations.
The power delivered will be tracked in real time using energy tracking technology.
Brookfield Renewable operates one of the world’s largest publicly traded, renewable power platforms, with its portfolio consisting of hydroelectric, wind, solar and storage facilities in North America, South America, Europe and Asia, totalling more than 19,000MW of installed capacity and an 18,000MW development pipeline.
Michael Norton, Global Head of Property Management at JPMorgan Chase said: “Advancing sustainable practices in our own operations is a key component of JPMorgan Chase’s commitment to sustainability and a transition to a low carbon economy.
“This collaboration in a dynamic power market also plays an important role in promoting more green operational practices throughout New York City – the firm’s global headquarters.”