When Apple Inc. (AAPL) decided to borrow $1 billion through “green bonds” earlier this year to make its operations more energy efficient, it turned to a trio of Wall Street book runners including JPMorgan Chase & Co.
The unsecured 3% notes that the Cupertino, Calif.-based iPhone maker ultimately issued are just one example of the financing alternatives that JPMorgan (JPM) , the largest U.S. lender, can offer clients as it ramps up clean-energy funding by 25%.
Its new target, $200 billion through 2025, is important to corporate clients seeking to curb reliance on fossil fuels as warnings from scientists about the fallout from using them take on heightened urgency.