JPMorgan Chase Commercial Banking announced today the appointment of Eric Cohen as Head of Green Economy. In his new role, Cohen will lead the Green Economy team, driving the bank’s strategy for serving companies advancing decarbonization through transformative technologies.

Cohen joins JPMorgan Chase after more than ten years at Fifth Third Bank, where he most recently served as managing director for the renewable energy finance team, and co-led the firm’s Sustainable Financing & Climate Strategy Council. 

Mike Lister, Head of Energy, Power & Renewables for JPMorgan Chase Commercial Banking, said:

“We know that Eric’s expertise and skillset will catalyze the work that has already been done and inspire creative solutions to best support our world-class clients.” 

Sustainable Finance has emerged as a key focus area for JPMorgan. The company announced a target last year to finance and facilitate more than $2.5 trillion over 10 years to advance climate action and sustainable development. The company recently revealed that it mobilized $285 billion toward sustainable finance and green initiatives, including renewable energy, energy efficiency and sustainable transportation.

JPMorgan Chase’s Green Banking team leverages the bank’s offerings across treasury, credit and investment banking to help green businesses drive sustainable growth, with a focus on sectors including renewable energy, efficiency technology, sustainable finance, agriculture and food technology, and clean energy mobility.

Cohen said:

“Actively developing and scaling projects that facilitate the transition to a low-carbon economy is good business. I’m excited to join this industry-leading team and help deliver value to our clients who are creating the sustainable solutions that will power future growth.”