Stop investing in companies tied to genocide

JPMorgan

JPMorgan should adopt a genocide-free investing policy to ensure that investments it makes are not tied to genocide.

Few of us want our personal savings connected to genocide.[1] Even so, JPMorgan, and other investment firms, invest their customers’ money in companies that help fund the ongoing genocide in Sudan.[2] PetroChina and Sinopec, for example, not only support the government of Sudan, but also Syria, Burma and Iran. For years, JPMorgan has been one of world's largest shareholders of PetroChina[3] and Sinopec (aka China Petroleum).[4]

Strangely, JPMorgan opposes genocide-free investing,[5] even though it is well aligned with their stated corporate values. As a signatory to the UN Principles for Responsible Investment, JPMorgan agreed to incorporate social issues such as human rights into investment decision-making processes and “better align investors with broader objectives of society.”[6] JPMorgan claimed it: “supports fundamental principles of human rights across all lines of its business and in each region of the world”;[5] uses “risk management processes and procedures to consider human rights and other reputational issues," [7] but disregards connections to genocide, an inherent risk factor; “fully abides by [U.S. sanctions] restrictions in letter and spirit,”[7] yet for years knowingly made investments that, while legal, were inconsistent with sanctions that prohibited transactions with Sudan and Burma’s petroleum industries.

Shareholders, customers (investors), and potential customers of JPMorgan (and its funds) can send a strong message to draw the line at genocide. You don’t have to be an investor, since investment firms want your business now or in the future.

In addition, JPMorgan shareholders can vote on genocide-free investing which should be on the corporation's proxy ballot for the annual meeting in May 2019!

[1]https://www.investorsagainstgenocide.org/files/KRC-research-results-from-2010-and-2007.pdf

[2]https://www.investorsagainstgenocide.org/files/2014-0716-White-Paper-on-genocide-free-investing.pdf

[3]http://sdinotice.hkex.com.hk/di/NSForm2.aspx?fn=CS20190128E00184

[4]http://sdinotice.hkex.com.hk/di/NSForm2.aspx?fn=CS20180329E00146

[5]https://www.sec.gov/Archives/edgar/data/19617/000001961718000077/jpmc2018definitiveproxy.htm#s2C310866AC1155E4810BAC4F7AEA1E70

[6]https://www.unpri.org/about/the-six-principles

[7]https://www.sec.gov/Archives/edgar/data/19617/000001961712000185/jpmc2012proxystatement.htm