Synopses of JP Morgan � PAGE �1�
Running head: SYNOPSES OF JP MORGAN CHASE
Synopses of JP Morgan Chase
MMPBL/590 - Strategies for Competitive Advantage
University of Phoenix�
Synopses of JP Morgan Chase
Remote Environment: Social Factors
JP Morgan Chase practices societal analysis to assess the environmental risks associated with cultural and climate change that could inadvertently affect their financial investments. "The social factors that affect a firm involve the beliefs, values, attitudes, opinions, and lifestyles of persons in the firm's external environment, as developed from cultural, ecological, demographic, religious, educational, and ethnic conditioning" (Pearce & Robinson, 2004). This company has become an advocate for investing in the recent trend of environmental effects of greenhouse gas emissions associated with global warming. "While there remains uncertainty regarding the severity of impacts, we believe that it is appropriate to adopt a precautionary approach to climate protection by working to reduce greenhouse gas emissions today" (JP Morgan Chase, 2010, p.
JP Morgan Chase tower
English: Jp morgan chase houston
JP Morgan Chase Tower1). The frequent use of energy from daily activities supplied and demanded for basic human consumption as well as energy production organizations has caused an effect on the environmental ozone. Because of the large number of greenhouse gases contributing to global warming, JP Morgan Chase believes it is their social responsibility to contribute to the cause of reducing the level of greenhouse gas emissions with their environmental committee. "While there remains uncertainty regarding the severity of impacts, we believe that it is appropriate to adopt a precautionary approach to climate protection by working to reduce greenhouse gas emissions today" (JP Morgan Chase 2010, p. 1). In an attempt to make the public more aware of the environmental effects of greenhouse gases, JP is dedicated to investing in alternative energy solutions. "We believe we cannot accomplish significant reductions alone; we need the support of...