GLOBAL PRIVATE BANK SUSTAINABLE INVESTING CCB EV AUTO LENDING INTRODUCTION We continue to expand our Sustainable Investing oferings through J.P. Morgan As automakers accelerate eforts to transition to electric vehicles (“EVs”), many con- CASE STUDY ØRSTED Global Private Bank, which provides high-net-worth clients with access to a sumers are evaluating them for the frst time. JPMorgan Chase is responding by breadth of strategies across equities, fxed income, alternatives and multi-asset helping consumers understand and navigate this new segment and access fnancing When Ørsted was formed, the result of a merger among six Dan- ENVIRONMENTAL ish energy companies, including Danish Oil & Natural Gas, their portfolios. In addition, and to further our response to the growing client interest to support their purchases. in sustainability-themed investing, we have expanded our range of available the- The EV landscape is complex and evolving quickly, and information can be hard to power and heat production mix was 85% fossil fuel—mostly Our Approach to Environmental coal—as well as oil and gas production and exploration assets in Sustainability matic strategies and funds. For example, in 2022, we added a growth equity cli- fnd or understand for consumers. The Chase Auto EV Education Center, a website, Scaling Green Solutions mate solutions investment fund focused on decarbonization, energy efciency, helps consumers learn about, fnd and purchase electric and hybrid vehicles, includ- the North Sea. Over a decade ago, their leadership decided to resource conservation and emissions management. ing information about charging, battery range and maintenance. become a renewable energy company. The company has Meeting Needs Responsibly reported reduction of its carbon emissions by 89% since 2006 Minimizing Our Operational Impact We have invested in tools and solutions to help clients achieve their Sustainable We are also working to increase fnancing to support EV adoption, including enter- Investing goals. In June 2021, we acquired OpenInvest, a values-based investing and reported that the share of green energy in their energy ing into private label relationships with EV manufacturers to provide fexible fnanc- generation rose to 90% by the end of 2021. Throughout the SOCIAL fnancial technology company to expand our toolkit of diagnostic capabilities, ing options to consumers. reporting, and solutions to help clients to align their investments with their val- stages of their transition, as part of a relationship spanning ues. In the frst quarter of 2022, and as part of OpenInvest capabilities, we more than 20 years, JPMorgan Chase has provided, and contin- GOVERNANCE Supporting Our Clients ues to provide, Ørsted with diversifed services across our frm launched sustainability reporting for J.P. Morgan’s Sustainable Equity Strategy managed by the Private Bank. to meet their needs as they make their energy transition. JPMor- APPENDICES We continue to broaden our eforts to support the climate- and sustainability-re- gan Chase led Ørsted’s initial public ofering (“IPO”), advised on We aim to keep our clients up to date on the latest trends by publishing Sustainable lated banking needs of wholesale clients, from early-stage and small companies the sale of their upstream oil and gas activities, and provides Investing insights, with topics including ESG risks and opportunities; the economic through to multinationals and other large corporations. We deploy our capital and further services including, but not limited to, cash management, importance of megatrends such as circular economy biodiversity and agricultural expertise to assist clients working to transition their business model and operations tax equity, and, recently, acted as joint bookrunner for a green technology; and how to think about sustainable investing alongside charitable giving. to reduce emissions. As we expand our capabilities across our lines of business, we bond of approximately $2 billion equivalent in September 2022. are able to provide clients with increasingly diverse and innovative solutions, while helping to grow the market for green and sustainable fnancing. 14