$1 Billion Inaugural Social Bond Issuance In 2021, JPMorgan Chase issued its $1 billion inaugural social bond and allocated an amount equal to the net proceeds of that issuance to finance or refinance the creation, rehabilitation or preservation of 223 affordable housing projects across the United States. The affordable housing projects span 36 states and represent 22,911 affordable housing units. This inaugural social bond issuance builds on our Firm’s leadership in the sustainable bond market as well as our engagement with diverse suppliers, with the co-managers for the bond offering consisting solely of Minority and Women- Owned Business Enterprise and Service-Disabled Veteran-Owned Business firms. More information on the use of proceeds and expected impact metrics can be found in our Social Bond Annual Report . PHILANTHROPIC AND FLEXIBLE CAPITAL FOR INNOVATIVE HOUSING SOLUTIONS In 2021, we made a five-year, $400 million commitment that includes low-cost loans, equity and grants targeted to nonprofits and other organizations working to improve housing affordability and stability for Black, Hispanic and Latino households. This includes launching a new initiative with the Urban Institute to identify, test and scale affordable housing solutions to better serve Black, Hispanic and Latino households. We are also collaborating with the Center for Community Investment to drive local systems change and promote equitable housing in Chicago, Washington D.C., Los Angeles, Miami, New Orleans and Seattle. As part of the $400 million commitment, we approved funding for $20.4 million to eleven nonprofits working to test and scale models to improve household stability and housing affordability. To help stabilize households, the organizations are providing eviction prevention support, rental assistance, access to legal services and resources for small landlords. To help increase the supply of affordable housing and homeownership, the organizations are advancing single-family housing production, launching specialized mortgage products, and increasing the capacity of community land trusts and other shared financial equity programs. HOUSING REFORMS POLICY AGENDA Regulatory and policy changes are needed to both address systemic discrimination in housing and encourage more effective models for boosting access to and supply of affordable homes. In 2021, the JPMorgan Chase Policy Center released data- driven policy recommendations to improve household stability weakened by the COVID-19 pandemic, including: • Reduce preventable evictions by establishing eviction diversion programs, enhancing eviction protections, such as right to counsel, that protect tenants from unlawful eviction and helping develop a balanced and predictable evic - tion process; • Increase housing availability by removing barriers to affordable rental housing production and expanding funding to boost the supply of affordable homes for purchase; • Protect economically vulnerable families from losing their homes in heirs' prop - erty partition sales and tax lien sales with due process protections in state property laws; and • Standardize the collection and tracking of state- and local-level eviction data to better inform policy decisions. Another key policy focus area is working to reform the residential appraisal process to advance fair housing and address housing discrimination. JPMorgan Chase is actively engaging with industry partners and regulators to find ways to address gaps in the residential appraisal process, including establishing new anti-bias training requirements for appraisers, allowing equal access to valuation data and techniques, and promoting national standards that will allow for responsible expanded use of Alternative Valuation Methods. In addition, in 2021 our Firm donated $3 million to the Appraiser Diversity Initiative, a collaboration between the Appraisal Institute, National Urban League, Fannie Mae and Freddie Mac aimed at attracting diverse entrants into the residential appraisal field. Our Firm is also providing mentors for trainees in the Appraiser Diversity Pipeline Initiative. This initiative, led by the Appraisal Institute and Fannie Mae, is designed to attract new people in the field, help trainees overcome common barriers to entry and foster diversity. AdvancingCities AdvancingCities is JPMorgan Chase’s $500 million, five-year initiative to invest in solutions that bolster the long-term vitality of the world’s cities and the communities within them that have not benefited from economic growth. As part of the initiative, launched in 2018, our Firm is making large-scale investments in “signature cities”, including; Greater Paris, Chicago, Detroit, Greater Washington Region and the San Francisco Bay Area. Through the AdvancingCities Challenge our Firm holds an annual competition to identify and seed innovative ideas for tackling community development challenges. In 2021, we invited community organizations to apply for up to $5 million to support collaborative, sustainable solutions focused on wealth creation and economic success for Black and Latina women, which is foundational to building more equitable communities. One of the winners was The Advancing Early Education Collaborative in Washington, D.C., a partnership to increase access to education, skills, and training opportunities, as well as wealth building and capacity building for early childhood educators and the centers that employ them. Another was the Prioritizing Black and Latina Women’s Economic Rise in Baltimore, Maryland, a collaboration working to create a continuum of wealth building for Black and Latina women real estate developers in West Baltimore. 44 INTRODUCTION ENVIRONMENTAL SOCIAL Feature: Our Commitment to Racial Equity Diversity, Equity & Inclusion Human Capital Inclusive Growth GOVERNANCE ESG REPORT APPENDICES