Despite having pledged to reach net-zero emissions, major members of Net Zero Asset Managers hold billions of dollars' worth of fossil-fuel stocks, including those in โcarbon bombโ projects, while marketing their funds as green and sustainable.
Despite claiming a commitment to sustainability, the world's largest investment fund continues to invest heavily in fossil fuels through its โgreenโ funds โ prompting accusations of greenwashing.
While promoting โParis-alignedโ green investing, JP Morgan's โgreenโ funds have funneled over $4 billion to the fossil-fuel majors, betraying the firmโs promises and undermining efforts to achieve net zero.
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