Providing Sustainable Solutions In combination with our low-carbon transition strategy, we also continue to grow a range of sustainability-focused financing and investing solutions across the Firm. ASSET AND WEALTH MANAGEMENT J.P. Morgan AWM is a global leader in asset and wealth management services, which serves institutional, ultra-high net worth, high net worth and individual clients through its AWM businesses. With combined overall client assets of $4.3 trillion and assets under management ("AUM") of $3.1 trillion as of December 31, 2021, we are one of the largest asset and wealth managers in the world. Asset Management J.P. Morgan Asset Management believes that consideration of financially material ESG factors can be an important part of the investment process. We define ESG integration as the systematic inclusion of ESG issues in investment analysis and investment decisions. In actively managed assets deemed by J.P. Morgan Asset Management to be ESG integrated under our governance process, we systematically assess financially material ESG factors in our investment decisions with the goals of reducing risk and improving long-term returns. ESG integration does not change a strategy’s investment objective, exclude specific types of companies or constrain a strategy’s investable universe. In addition, we offer sustainable investment solutions to clients seeking to generate long-term returns and contribute to sustainable outcomes. For example, in 2021, we launched 20 new sustainable funds, including a range of regional sustainable equity and climate-focused funds that expand clients’ opportunities to support and capitalize on the transition to a low-carbon, sustainable economy, including areas such as renewable energy, recycling, and sustainable transport. Our Asset Management Global Sustainable Investing team is a dedicated group that focuses on sustainable investing topics in partnership with our investment professionals globally. They provide global sustainable investing research and insights on thematic ESG issues including climate change that can be applied across asset classes – they work with clients to build and implement sustainable investing solutions and they oversee our stewardship activities. In 2021, we added individuals with dedicated expertise in climate science to our Sustainable Investing team and are working to leverage new tools, including enhanced research and scenario analysis, to enable us to further consider climate risks and potential opportunities in our engagement, stewardship and investment processes. We directly engage with selected investee companies on ESG topics. In 2021 we engaged over 1,300 companies on ESG issues. We also express our views through our proxy voting activity. In March 2022, we published our 2021 Investment Stewardship Report outlining our global engagement, voting and stewardship activities including climate-related engagement activities. In 2021, to further support our clients' climate-aware investing, we became a signatory to the NZAM initiative, an international group of asset managers committed to supporting investing aligned with the goal of net zero greenhouse gas emissions by 2050 or sooner, in line with global efforts to limit warming to 1.5 degrees Celsius. This commitment includes: engaging with clients to accelerate the global low-carbon transition to net zero within their portfolios, setting interim targets within the next 12 months for assets that we determine could be appropriately managed in line with net zero pathways, continuing to accelerate our corporate engagement and stewardship, and policy advocacy consistent with net zero ambitions. Thoughtful governmental policy, investments in low-carbon technologies and collaboration between the public and private sectors are all prerequisites for transitioning to a low-carbon world, J.P. Morgan Asset Management is pleased to play its part in identifying solutions by working with clients to develop products and solutions consistent with a net zero ambition. Global Private Bank We also continue to expand our sustainable investment offerings through J.P. Morgan Global Private Bank, which provides clients with access to multiple sustainable investment strategies across equities, fixed income, alternatives and multi-asset portfolios. In 2021, we saw record inflows in sustainable investment portfolios and strategies and grew total sustainable AUM 60% from the prior year. In March 2021, we closed our new Global Impact Fund with over $150 million in commitments. The Fund offers a diversified portfolio of impact private investment funds constructed with the intent to advance progress toward specific United Nations SDGs. Launched in 2019, our Sustainable Equity Strategy invests in equity funds with a preference toward funds that consider ESG factors in their investment process and focus on sustainable themes, based on our internally defined criteria. In 2021, the strategy grew to more than $1.5 billion in AUM. We also continue to see enhanced client interest in thematic investing, particularly in relation to climate change. In response, we are further expanding our range of available strategies and funds. For example, we have added new fund options focused on companies leading the clean energy transition, based on the expectation that they will deliver returns as decarbonization trends accelerate across key industries and markets. We continue to invest in tools and solutions to help clients achieve their sustainable investing goals and to further raise their awareness and understanding of sustainable investment trends and opportunities. For example, in June 2021 we acquired OpenInvest, a values-based investing financial technology company. In the future, using proprietary technology and insights, OpenInvest’s platform will unlock a personalized and engaging end-to-end client experience including the ability to personalize portfolios to align with clients’ values and preferences, and sophisticated sustainability reporting to help clients understand how their investments are supporting their goals and impacting the world. 14 INTRODUCTION ENVIRONMENTAL Advancing Climate and Sustainability Solutions Operational Sustainability SOCIAL GOVERNANCE ESG REPORT APPENDICES