"Investors and JPMorgan Chase Reach Agreement to Uphold Indigenous Peoples’ Rights" April 17, 2025

United Church Funds (UCF), in collaboration with the Investor Advocates for Social Justice (IASJ), has reached an agreement with JPMorgan Chase, marking significant progress in advancing Indigenous rights within the financial sector...

UCF has withdrawn a 2025 shareholder proposal that called on JPMorgan to evaluate the effectiveness of the company's policies, practices and performance indicators in respecting the rights of Indigenous Peoples...

Over the past several months, UCF and IASJ...engaged in multiple dialogues with JPMorgan to underscore the importance of Indigenous rights in both project-specific and general corporate financing. Through sustained, good-faith engagement, the parties reached an agreement that marks a meaningful step toward greater transparency....

The disclosure states that the company will consider free, prior and informed consent where risks are identified before proceeding with transactions that may have material implications for Indigenous Peoples...JPMorgan will consider a range of internationally recognized principles when assessing risks related to Indigenous Peoples.

JPMorgan will identify and evaluate risks related to Indigenous Peoples, and, where appropriate, engage with companies, and may require them to address these concerns prior to moving forward with financing or transactional support....

Similar proposals remain on the proxy statements at Citigroup and Wells Fargo and will go to a vote at their respective upcoming annual meetings on April 29, 2025.