How We Developed the Target In setting the Target, we took into account the Firm’s breadth, scope and geographic reach, spanning the globe and encompassing activities across both our retail and wholesale business segments. We prioritized areas that are important to global sustainability and inclusive growth and where we believe our capabilities and expertise can help drive progress. We also concentrated on topics that are important to our stakeholders, including customers and clients, employees, communities and shareholders. This led to the Target’s three areas of focus, each of which combines a clear need and business opportunity that we believe our Firm is well positioned to address. In the development of the Target's criteria and methodology, we also took into account international best practices and industry standards, such as the SDGs, the International Capital Market Association’s Green and Social Bond Principles and the International Finance Corporation’s Anticipated Impact Measurement and Monitoring framework. How We Are Driving Progress We are mobilizing resources and expertise throughout the Firm to drive progress toward our goals. This includes deploying both new and existing teams to enhance our capabilities and realize opportunities across our wholesale and consumer business segments, as well as across other corporate functions. For example, CCB’s Community and Affordable Home Lending business is helping expand our support for sustainable homeownership, and our growing network of Community Center branches is advancing a new model for how we support diverse entrepreneurs and their communities. Elsewhere, we are investing in resources such as CB’s Green Economy and Community Development Banking teams, CIB’s ESG Solutions team and Center for Carbon Transition ("CCT"), and the JPM DFI, each of which play a key role in collaborating with our global network of bankers and product specialists to deliver strategic services and facilitate financing at scale. For the Target, we have established a robust governance process designed to provide accountability for how we quantify and track our progress over time. This includes a cross-line-of-business and functional group responsible for approving the quantification approach, documentation and reporting associated with transactions that contribute toward the Target. Together, these actions support strategic decision-making within and across our businesses as we work to drive continued progress through 2030. Progress to Date In 2021, our Firm financed and facilitated approximately $285 billion towards the Target. Across our three objectives, 41% went towards development finance, 37% towards green, and 22% towards community development. In this section we discuss our progress in each objective through December 31, 2021. To learn more about our criteria for determining what business activity is eligible to count toward our Sustainable Development Target and how we account for the value of transactions, see Our Approach to Our Sustainable Development Target . 3 3 Our approach to measuring our progress for the Target builds off the criteria and methodology we developed for our $200 billion commitment in 2020. For the Target, we made methodological adjustments from the 2020 commitment in two main areas: 1) Development Finance, driven by refinements in the JPM DFI’s methodology as explained in its latest annual report; and 2) Community Development, with the inclusion of small business and housing-related loans and investments for Black, Hispanic and Latino individuals and communities, largely consistent with our Racial Equity Commitment. TOTAL $285B 11% $2.5T TARGET 2021 2030 TOTAL $285B Green $106B37%37% Community Development $61B22% Development Finance $117B41% Corporate & Investment Bank | Investment Banking $133B47% Including capital raising in debt and equity markets; underwriting of sustainable bonds (i.e., green, social and sustainability bonds); municipal and not-for-profit bonds; initial public o ff erings (IPOs); follow-on o ff erings (FPOs); private placements and advisory services, including mergers and acquisitions (M&A) Corporate & Investment Bank | Markets $101B36% Including certain emission contracts and investments in tax credit vehicles in alternative energy (e.g., solar and wind projects) Consumer & Community Banking $35B12% Including support for small businesses, home ownership and consumer adoption of electric vehicles Commercial Banking $15B5% Including a ff ordable housing, retrofitting, rehabilitating or constructing accredited energy-e ff icient buildings (e.g., LEED, Energy Star) SUSTAINABLE DEVELOPMENT TARGET 7 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