CFACT’s Greg Neff directed a pointed question to CEO Jamie Dimon at a shareholder meeting on Thursday, May 23, taking aim at JP Morgan’s involvement with the “Net-Zero Banking Alliance” (NZBA). NZBA is a network that represents 40% of the global banking institutions that have come together to commit to financing projects that will transition the world economy to net zero by 2050.

“Agriculture officials from at least 11 states have raised concern about JP Morgan’s involvement with the Net-Zero Banking Alliance (NZBA), saying that the policies promoted by this group will likely lead to food shortages and huge price increases for consumers. Is it wise for this board to step outside its expertise and make commitments to push forward the NZBA’s extreme agenda?” Neff queried.

It was immediately clear that this question had hit a nerve with the CEO. As it was read, Dimon gave a distinct sigh of annoyance and then proceeded to give an abbreviated non-answer that didn’t address a single point made in the query.

The CEO stated, “We dance to our own music here and we report that in our ESG report. Obviously, we care about the environment, farmers, and agriculture.” ESG refers to the controversial Environmental, Social, and Governance score program that has become all the rage on Wall Street in recent years. This scoring system of companies and individuals rates their adherence to many of the Left’s most sacred dogmas.

In addition to the Q&A period, CFACT also used its position as a stock owner in the company to vote on various proposals. The first of note sought to have JP Morgan create a report evaluating potential humanitarian crises being fostered by the forced transition to “green” energy. CFACT voted in favor of it. The second proposal sought to give additional rights to indigenous tribes, or more accurately leftwing organizations acting in the name of indigenous tribes, to veto any funding for fossil fuel projects in the name of environmental racism. CFACT voted against this one. Both proposals were ultimately defeated, landing CFACT a mixed bag of results.

CFACT will continue attending and reporting back on various shareholder meetings in which it holds shares. The broader implications of such engagements touch upon fundamental issues of environmental responsibility and economic viability. By challenging the radical left’s influence, CFACT aims to promote a balanced approach to corporate decision-making.

RELATED ARTICLES:

State Street’s CEO says company backs “all forms of energy” at shareholder meeting

CFACT challenges Ford CEO over EV’s at shareholder meeting

GM’s Barra queried by CFACT at shareholder meeting

BlackRock questioned by CFACT about ESG at shareholder meeting

CFACT challenges Citigroup’s “sustainable financing” during shareholder meeting

CFACT challenges Citigroup’s “sustainable financing” during shareholder meeting

EDITORS NOTE: This CFACT column is republished with permission. ©All rights reserved.