AI Content Chat (Beta) logo

Courtesy of Rivian Automotive, Inc. SUPPORTING CONSUMER ADOPTION OF ELECTRIC VEHICLES Heightened awareness of climate change has accelerated the automotive industry’s transition to EVs and there has been a corresponding increase in interest for many consumers. JPMorgan Chase is responding by helping consumers understand and navigate this new segment and access financing to support their purchases. The EV landscape is complex and evolving quickly, and information and guidance can be scattered and hard to find or understand for consumers. In response, Chase Auto is making investments in a new digital resource center to deliver guidance, insights and education information for first-time EV buyers. We are also working to increase financing to support EV adoption, including entering into private label relationships with EV manufacturers to provide flexible financing options to consumers. For example, in 2021 we launched a partnership with the EV company Rivian to offer private label financing as part of its effort to reimagine the vehicle purchase process. Beginning with the credit application on Rivian's website, customers can self-select a retail financing structure that best fits their needs. BUILDING COMMUNITY RESILIENCE TO CLIMATE CHANGE Climate change is having a disproportionate impact on many vulnerable communities, leaving them with diminished resources and a weakened ability to cope, respond and adapt. JPMorgan Chase has deployed philanthropic capital to communities around the world to support initiatives that help communities advance their resilience to climate change. Since 2019, we have committed over $13 million in grants to advance resilience to climate change, including over $5 million in 2021. We supported initiatives with local organizations around the world. Examples of programs we have supported include: • Training and Placing Underserved Individuals in Green Jobs. We are supporting Louisiana Green Corps in provid - ing workforce training and enhanced certifications to 80 unemployed and low-income individuals, to help them secure immediate opportunities in the water management and green infrastructure industries, from young adults to individuals in mid-career experiencing economic repercussions of the COVID-19 pandemic. The program includes intensive training in basic construction skills and resilience-enhancing technologies. • Mobilizing Communities to Protect Biodiversity and Combat Drought. Through a grant to The Nature Conser - vancy, we are supporting the Greater Cape Town Water Fund’s efforts to train local community members to remove invasive plants in priority source water areas in South Africa. The project aims to provide a green workforce devel - opment pipeline to combat unemployment, protect biodiversity and safeguard water. 16 INTRODUCTION ENVIRONMENTAL Advancing Climate and Sustainability Solutions Operational Sustainability SOCIAL GOVERNANCE ESG REPORT APPENDICES

JPMorgan Chase & Co ESG Report Page 17 Page 19