Our Commitment to Racial Equity • Increasing homeownership • Expanding affordable rental housing and support for vit al community institutions • Growing small businesses • Spending more with Black, Hispanic and Latino suppliers • Improving financial health and access to banking • Investing in Minority Depository Institutions and Community Development Financial Institutions • Accelerating investment in employees and building a more diverse and inclusive Workforce By the end of 2021, we had committed or deployed more than $18 billion toward our $30 billion goal. This was largely driven by affordable rental housing preservation and homeownership refinance – areas where we had existing products and processes and could take prompt action to further our efforts. The Firm is building the infrastructure and foundation to make progress on its commitment – and we are taking a thoughtful approach to building long-term, sustainable infrastructure to enable our Firm to accelerate progress and reach more people going forward. There is work still to do – and we know that our dedication to racial equity will extend well beyond the five-year milestone in 2025. We are committed to updating our stakeholders on our progress. FEATURE Structural barriers in the U.S. have created profound racial inequities, which have contributed to a marked and persistent racial wealth gap. These and other inequities are the motivation behind JPMorgan Chase’s $30 billion commitment to help close the racial wealth gap among Black, Hispanic and Latino communities. Informed by data and insights that highlight the challenges and point the way to effective solutions, we are leveraging our resources as a financial institution to direct capital and expand opportunities for Black, Hispanic and Latino communities to build, sustain and pass on wealth. Our five-year commitment, announced in October 2020, brings together our business, policy, data and philanthropic expertise to advance racial equity and promote inclusive growth. It includes lending, equity and philanthropic capital, targeted in key areas: 21 INTRODUCTION ENVIRONMENTAL SOCIAL Feature: Our Commitment to Racial Equity Diversity, Equity & Inclusion Human Capital Inclusive Growth GOVERNANCE ESG REPORT APPENDICES