In a recent interview with CNN’s Poppy Harlow, JPMorgan Chase CEO Jamie Dimon discussed his views on the current state of the economy and the importance of social responsibility in business.
Dimon expressed optimism about the economic recovery, citing factors such as low unemployment and strong consumer spending. However, he also cautioned that the recovery is not yet complete, and that there are still challenges ahead, such as inflation and supply chain disruptions.
On the topic of social responsibility, Dimon emphasized the need for businesses to take a broader view of their role in society. He argued that companies should not only focus on maximizing profits, but also on creating value for all stakeholders, including employees, customers, and communities.
Dimon also addressed JPMorgan’s recent announcement that it will no longer finance new coal-fired power plants, as part of the bank’s efforts to address climate change. He argued that while the decision may be difficult for some employees and clients, it is ultimately the right thing to do for the long-term health of the planet.
The interview comes at a time when many companies are facing increased scrutiny over their social and environmental practices, and as the Biden administration pushes for greater corporate accountability. Dimon’s comments suggest that JPMorgan is taking a proactive approach to these issues, and that he sees social responsibility as a key part of the bank’s mission.