Our $2.5 Trillion Sustainable Development Target We believe creating sustainable economic growth is important to the long-term strength and vibrancy of the global economy, and to the health and prosperity of people and communities around the world. As a global financial institution, we are leveraging our capabilities and expertise to provide capital and advice that supports economic growth while helping to address key global challenges. That is why we have set a target to finance and facilitate more than $2.5 trillion over 10 years – from 2021 through the end of 2030 – to advance long-term solutions that address climate change and contribute to sustainable development. Our Sustainable Development Target (the “Target”) aims to grow and strengthen our business activities across three important areas: Green   Accelerating the deployment of solutions for cleaner sources of energy and facilitating the transition to a low-carbon economy. Our goal is to facilitate $1 trillion in this area alone, through a wide range of activities including underwriting green bonds, lending to support construction of sustainable infrastructure and raising capital for innovative clean technology companies. Development Finance Mobilizing capital to advance the United Nations Sustainable Development Goals ("SDGs") in emerging economies . The J.P. Morgan Development Finance Institution ("JPM DFI") works to assess the anticipated development impact of transactions with the goal of attracting institutional investors interested in environmental and socioeconomic impact in developing countries. Community Development Advancing economic inclusion in developed markets. We are working to bolster inclusive growth by supporting areas such as small business, homeownership, affordable housing, education and health care, with a focus on low-to- moderate income ("LMI") individuals and communities, as well as Black, Hispanic and Latino individuals and communities. This includes many of the actions we are taking as part of our five-year, $30 billion Racial Equity Commitment. The Target represents a key aspect of our Firmwide approach to ESG – supporting our clients and customers through financing act ivities that advance sustainable economic growth – and highlights the work of other key initiatives, including our efforts to support the low-carbon transition (see page 12), the work of the JPM DFI (see page 9) and the progress of our $30 billion Racial Equity Commitment (see page 21). This section explains why we developed the Target and how we are organizing to drive its implementation across our business. It also provides an update on our progress and examples of transactions completed in 2021, as well as links to additional information within and beyond this report. Why We Created the Target The Target reflects our recognition of the need for collective action to address the world’s most important challenges and the role that the financial sector can play in mobilizing the capital needed to drive progress. It expands on our prior one-year target – $200 billion to support climate action and sustainable development in 2020 – to a new, 10-year target that extends through the end of 2030, which corresponds with the timeframe we set to meet our initial emission intensity reduction targets within our financing portfolio (see page 12) as well as the current timeframe set by the United Nations for achieving the SDGs. By drawing awareness to the work happening across the Firm to advance sustainable development, the Target is designed to mobilize our efforts and sharpen our focus on key areas that contribute towards solutions for the world’s toughest challenges. EVOLUTION OF OUR SUSTAINABLE DEVELOPMENT TARGET The Target builds on our history of fulfilled commitments to support climate action and sustainability. 2017   Facilitate $200 billion in clean financing by 2025 1 2020   Finance and facilitate $200 billion for climate action and sustainable development in 2020 2 2021 Finance and facilitate more than $2.5 trillion for climate action and sustainable development over 10 years, by the end of 2030 FEATURE 1 Achieved in 2020. 2 Achieved in 2020, by financing over $220 billion in transactions, including more than $55 billion toward green initiatives. 6 INTRODUCTION Message from Our Chairman & CEO Company at a Glance Our Approach to ESG Feature: Our $2.5 Trillion Sustainable Development Target ENVIRONMENTAL SOCIAL GOVERNANCE ESG REPORT APPENDICES