Building Careers and Skills HBCU Career Pathways Initiative: Since the initiative began in 2020, we have committed nearly $7 million to the creation of high-quality career pathways to prepare JPMorgan Chase is supporting job-seekers by equipping them with the tools and students at historically Black Colleges and Universities (“HBCUs”) for high-wage, in- skills they need to grow, advance and be ready for the future of work. We do this by demand careers. The commitment has included over $3 million in philanthropic capital supporting and developing certifcation programs, skills training and policy solutions provided directly to five HBCUs and over $3.5 million to the United Negro College Fund that connect job seekers to well-paying and stable jobs at our Firm and in communi- to provide capacity building and long-term strategic planning support to eight HBCUs. ties around the world, with a focus on young, minority and non-traditional job seek- Our HBCU Career Pathways Initiative is supporting the formation of co-op programs, ers. In 2019, we made a $350 million, fve-year philanthropic commitment focused the hiring of success coaches to support students' career navigation, the expansion of on creating economic mobility and career pathways for underserved populations. university-employer relationships, the creation of work-based learning and internship INTRODUCTION We are also applying insights from our work in the community to our own hiring, DEI opportunities for students, the development of high-quality data science and employee development programs to create more pathways into and across our programming, and the preparation of students for careers in financial services. ENVIRONMENTAL Firm. This includes identifying certifcations, credentials and other training that will Support for Community Colleges and Non-Traditional Students: With open admis- prepare employees for changes in technology and business, and allow them to com- sions policies and lower costs relative to other institutions, community colleges play SOCIAL pete for new and in-demand roles in our Firm. an important role in helping to bridge the wealth gap and create pathways to eco- nomic mobility by providing economically and demographically diverse communities Feature: Our Racial Equity 2022 HIGHLIGHTS with access to education and career opportunities. In 2019, JPMorgan Chase com- Commitment mitted $125 million in philanthropic capital to strengthen the capacity of community Inclusive Growth Mentoring and Work Experience for Young People: Through The Fellowship Initia- colleges across the U.S. Additionally, the Firm continues to emphasize the value of tive (“TFI”), we engage young men of color in high school in academic and proj- skills in addition to educational degrees, with more information on our skills-based Diversity, Equity and Inclusion ect-based learning activities, college and career planning and leadership develop- hiring on page 44. JPMorgan Chase is working to create career pathways to prepare students at HBCUs for high-wage, in demand careers. Human Capital ment opportunities, all with the goal of helping them successfully complete high Pictured: Dallas, Texas school and prepare for college and career success. In 2022, TFI served over 600 Fel- Career Readiness Programs: In 2020, JPMorgan Chase announced the Global Career GOVERNANCE lows across seven U.S. cities—New York City, Chicago, Los Angeles, Dallas, Houston, Readiness Initiative, a $75 million, fve-year global initiative to expand access to turing, education, and business that are aligned with local labor market trends and Oakland, and Washington D.C.—and since its inception in 2010, over 600 JPMorgan economic opportunity for young underserved people by supporting pathways and employer demand. JPMorgan Chase also invests in career readiness initiatives out- APPENDICES Chase employees have volunteered and matched to be mentors with TFI Fellows to policy solutions that better prepare them for the future of work. As part of this ini- side the U.S. In 2022, JPMorgan Chase launched four new career readiness initiatives provide coaching, academic support and leadership development. In the U.K., our tiative in the U.S., the Firm is providing $7 million over fve years, beginning in 2020, in India, Brazil, France and Italy. These initiatives aim to support broad systems Firm’s Aspiring Professionals Programme, run in collaboration with the Social Mobil- to six U.S. cities—Boston, MA; Columbus, OH; Dallas, TX; Denver, CO; Indianapolis, IN; change by scaling innovative solutions and developing high-impact approaches to ity Foundation, supports talented young people from low income backgrounds with and Nashville, TN, to foster collaboration, infrastructure building, and systems-level inform policy reforms. In 2022, the Firm also renewed its collaboration with the work experience, mentoring and skills sessions to equip them with skills to succeed change between local school districts, higher education institutions, and business Organization for Economic Cooperation and Development Directorate for Education in their future careers. Since launching in 2010, over 800 young people have been communities. As a result, each city is developing high-quality career pathways in and Skills to conduct analyses of efective and equitable career readiness policies supported, 86% of which began full-time employment 15 months after graduation. industries like healthcare, information technology, engineering, advanced manufac- and programs for students, and disseminate them globally with policy makers. 31