Our Approach to Environmental Sustainability BIODIVERSITY AND NATURAL CAPITAL Natural capital refers to the stock of natural resources, including soil, air, water and living things that provide valu- able goods and services for society and the broader economy, and that are critical to supporting physical and economic health. Over-exploitation of natural capital is threatening bio- JPMorgan Chase helps our clients navigate the challenges and realize the economic These eforts are guided by the three pillars of our environmental sustainability diversity and compromising the ability of ecosystems to miti- opportunities of the transition to a low-carbon economy. We believe helping our cli- strategy—scaling green solutions, meeting needs responsibly and minimizing our gate climate change. INTRODUCTION ents fnance and accelerate their transition objectives creates positive environmen- operational impact—all of which is underpinned by our ongoing focus on account- The Firm recognizes the need for advancements in policies, tal benefts and generates long-term fnancial return for our shareholders. We also ability, transparency and engagement, which helps us continue to evolve and data and disclosure to enable accurate valuation of natural ENVIRONMENTAL strive to minimize our own carbon footprint and the impact our corporate ofces, remain responsive to stakeholder interests. capital and the identifcation and management of nature-re- bank branches and data centers may have on the environment. lated risks and opportunities for our clients, operations and Our Approach to Environmental business strategy. We continue to foster ongoing engagement Sustainability with internal and external stakeholders in regards to cli- Scaling Green Solutions OUR APPROACH TO ENVIRONMENTAL SUSTAINABILITY mate-related matters and emerging nature and biodiversity Meeting Needs Responsibly issues. In 2022, we joined the Taskforce on Nature-related Minimizing Our Operational Impact 1 2 3 Financial Disclosures (“TNFD”) Forum and look forward to con- tinuing to engage with the TNFD as it fnalizes its framework. SOCIAL SCALING GREEN SOLUTIONS MEETING NEEDS RESPONSIBLY MINIMIZING OUR OPERATIONAL IMPACT We recognize nature is important for efective climate action Focusing our eorts to meet client needs Using our capital and expertise in a way that Minimizing the environmental impact of and support our clients’ eforts that aim to protect natural GOVERNANCE and on scaling solutions the world will need is consistent with meeting economic and our own operations, including in our build- capital, for example, through our Green Bond underwriting for long-term environmental sustainability societal needs ings, branches and data centers (see page 15). We have also directed resources to promote APPENDICES biodiversity conservation by selecting nature-based carbon removal ofsets for our operational emissions that we are not yet able to eliminate (see page 21), and we have published research that explores the fnancial impact of biodiversity loss and strategies to address deforestation and nature decline in the global food system. The Firm also manages certain E&S risks, which may include nature-related risks, in our lines of business. For more infor- mation on how we manage risk in our business, see page 56. 12