(8 May 2025 – Europe) J.P. Morgan has strengthened its commitment to green finance in Europe by naming a new head for a dedicated division aimed at supporting clients in renewable energy and climate technology sectors.
Kai-Christian Nerger has been promoted to the newly created role of Head of Green Economy Banking for Europe, within J.P. Morganās Global Corporate Banking division, according to an internal announcement shared with Reuters on Thursday.
A long-serving executive at the bank with over a decade of experience, Nerger will now oversee efforts to assist European clients in decarbonising their operations and capturing growth opportunities in the expanding green economy.
His background includes roles in J.P. Morganās Diversified Industries as well as its Power and Renewables coverage teams. Most recently, he led advisory for industrial, utility, and green economy clients in Germany, the internal communication revealed.
The appointment comes amid growing scrutiny of climate strategies within the banking sector. While some North American and European banks have moderated their climate-related goals in recent years, both prior to and following the administration change in the United States, J.P. Morgan continues to assert its commitment to energy transition initiatives.
āWe continue to focus on helping clients scale energy transition and climate tech businesses around the world,ā the bank said in the memo.
J.P. Morgan previously withdrew from the Net Zero Banking Alliance that aimed to set stricter climate benchmarks for financial institutions. However, the bank has pledged to mobilise $1 trillion towards climate-related initiatives, with $242 billion already facilitated since 2021 toward this target.