Stocks
US Banks Fall Behind Global Peers on Renewable Financing
Global banks are struggling to meet their net zero targets by 2030, according to data from BloombergNEF. The energy supply ratio for global banks dropped marginally in 2025 compared to the previous year, but US banks moved in the opposite direction.
JPMorgan Chase saw its energy supply ratio decline to 0.63:1 in 2025 from 0.69:1 in 2024. This means that for every dollar JPMorgan lends to fossil fuels, it only lends $0.63 to renewable energy sources.
The data suggests that global banks are lagging behind in their efforts to transition to a more sustainable financing model. The net zero ratio target of 1:1 is still out of reach for many banks, including JPMorgan Chase.