Awards for Excellence 2016
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Also shortlisted: |
Citi |
UBS |
It used to be that corporate social responsibility in financial institutions was limited to the corporate level; firms spent their philanthropic dollars, engaged with local communities and that was it.
Now there is a realization that financial institutions can play a pivotal role in helping to solve the world’s most important issues. Whether it is in interaction with clients, products created by the investment bank, research, or investment policy, CSR is now becoming ingrained in every part of a firm’s activities. Banks are tackling challenges as diverse as neighbourhood regeneration, climate change, youth unemployment, refugee crises, gender or race exclusion in the workplace and healthcare issues.
In a hugely competitive field, in which many banks showed impressive CSR credentials, one bank edges this award for its commitment and innovative approach to facilitating solutions to the world’s most pressing issues: JPMorgan Chase.
The bank has long been at the forefront of philanthropic giving globally, but now, says Peter Scher, who heads up CSR at JPMorgan Chase, data is the key to best put those dollars to work.