JPM · News · 20260922N

Climate Risk in Debt Markets

JPMORGAN CHASE & CO · 2026-09-22 · Importance 17 · Surprise 24

JPMorgan’s global head of climate advisory, Sarah Kapnick, said debt markets have materially changed how they view and price climate-related physical risks. The shift was described relative to conditions five years earlier. Increasing incorporation of physical climate risk into financial assessments may affect credit pricing, underwriting, and risk-management practices. The report did not disclose a specific JPMorgan dollar commitment or quantified exposure.

Key facts

• JPMorgan's global head of climate advisory, Sarah Kapnick, said there has been a significant change in how debt markets view and price climate-related physical risks compared to five years ago. source