BLYTHE MASTERS, JPMorgan Chase Investment Bank Managing Director

To start with JPMorgan’s own efforts on its own behalf, we’ve done a number of things recently that range from, for example, ensuring that our new and renovated buildings are LEED certified, which means that they comply to the highest possible standards of efficiency, of energy, power conservation, use of materials and the like.

We’re also very focused on reducing our use of paper and other resources that are a drain on the world’s ability to produce those resources. So, for example, by replacing paper statements with electronic statements or online communications with our millions of individual consumer customers as well as our large corporate customers.

We’re working very hard on managing our emissions footprint. So this relates to the bank’s own use of energy and other activities that leads to the emissions of carbon dioxide and other climate-impacting gases.

And where we can’t entirely eliminate our activity, for example, where we travel. We need our people to be traveling around the world to do business, to meet with clients, but we can’t avoid that. We have sought to offset our activity through the purchase of carbon emissions credits, which represent a reduction in carbon emissions elsewhere, so that we neutralize the footprint, if you will, of our own activities.

So all of these undertakings are the part of an overall policy and set of guidelines or targets that we’ve set ourselves to manage down our own footprint from an environmental point of view.