Building Careers and Skills Technological developments have dramatically changed career pathways, and the pandemic has shined a light on structural barriers that exist in the labor market. In a rapidly evolving economy, our Firm is focused on supporting and developing education, skills training and policy solutions that connect job seekers to well-paying and stable jobs at our Firm and in communities around the world. Building on our efforts to equip workers with in-demand skills, in 2019 we made a $350 million, five-year philanthropic commitment focused on creating economic mobility and career pathways for underserved populations. We are also applying insights from our work in the community to our own hiring, DEI and employee development programs to create more pathways into and across our Firm. This includes identifying certifications, credentials and other training that will prepare employees for changes in technology and business and allow them to compete for new and in-demand roles in our Firm. We are also leveraging local educational institutions to offer employees access to low- or no-cost upskilling and reskilling opportunities that align with those roles and with long-term career goals (learn more on page 32). MENTORING AND WORK EXPERIENCE FOR YOUNG PEOPLE Through The Fellowship Initiative ("TFI"), we provide extensive and hands-on academic, social and emotional support to young men of color in high school. Since launching TFI in 2010 in Chicago and New York and through the end of 2021, we have matched more than 350 high school Fellows with JPMorgan Chase employees, who serve as mentors for about three years. The mentors engage the Fellows in academic and project-based learning activities, college and career planning and leadership development opportunities, all with the goal of helping the Fellows successfully complete high school and prepare for post-secondary pathways. The program has contributed to a 100% admission rate to college among graduating Fellows. In 2020, we committed to grow the program to 1,000 Fellows nationally over the next 10 years – and in 2021, we made progress toward that goal by expanding the initiative to Houston, Oakland, and Washington, D.C. In these cities, we are working with local nonprofits – DiscoverU, Kingmakers of Oakland and Youth Guidance – to deliver the program. In the U.K., our Firm’s Aspiring Professionals Program, run in co llaboration with the Social Mobility Foundation, supports talented young people from low income backgrounds with work experience, mentoring and skills sessions to equip them with skills to succeed in their future careers. Since launching in 2012, 800 young people from 426 different schools have been supported, and 70% of participants have secured a place at a university. Approximately 450 volunteers from the Firm have acted as mentors to the young people since the start of the program, and our Firm has committed to continue to run the program for a further three years and reach an additional 500 young people. HBCU CAREER PATHWAYS INITIATIVE Taking what we have learned from our investments in college- to-career pathway programs that help underserved students succeed, in 2021 we launched a HBCU Career Pathways Initiative. As part of our broader strategy to invest in the success of HBCU students and the institutional capacity of HBCUs, we are collaborating with the United Negro College Fund and individual HBCUs to assess current career pathways and requirements and to develop education and training programs aligned with local industry demand. We are also working to deepen employer engagement with these institutions to better align education and training programs with in-demand skills and credentials, as well as to expand access to work-based experiences for students. The HBCUs in our 2021–2022 Career Pathways cohort include Paul Quinn College, Johnson C. Smith University, Delaware State University, Simmons College and Texas Southern University. In addition, our ABP program has expanded programs and activities that support HBCU student development, employability and access to career pathways at Morehouse College, Spelman College, North Carolina A&T, Florida A&M and Morgan State. The aim of our HBCU collaboration, is to provide career guidance and professional development to 4,000 HBCU students annually. 37 INTRODUCTION ENVIRONMENTAL SOCIAL Feature: Our Commitment to Racial Equity Diversity, Equity & Inclusion Human Capital Inclusive Growth GOVERNANCE ESG REPORT APPENDICES