J.P.Morgan ESG Presentation Deck

B Energy Mix - Rationale While we have expanded our target to include zero-carbon power generation activity from our Electric Power portfolio, we have also increased the ambition of our target • The expansion to Energy Mix, which includes all zero-carbon power generation in our target's boundary, implies a global carbon intensity of 29.5 g CO₂/MJ (or a 33% reduction between 2019 and 2030) under the IEA NZE scenario . Given that our 2019 baseline exceeded the 2019 global level, we are setting an adjusted target of a 36% reduction by 2030 from our 2019 baseline to align with a carbon intensity of 29.5 g CO₂/ MJ required under the IEA NZE scenario 4 BREAKDOWN OF OUR OIL & GAS END USE TARGET UPDATE Adjustment from Original Target Portfolio Baseline to Updated Target Portfolio Baseline¹ (g CO₂/MJ) 66.5 (20.6) 45.9 I'l Oil & Gas End Use Target 2019 Baseline Zero-Carbon Power Generation Inclusion For additional information and footnotes, please see slide 14 Energy Mix Target 2019 Baseline JPMORGAN CHASE & CO. (0.1) Updated Target Portfolio Progress as of December 31, 2022² Changes in Oil & Gas End Use Carbon Intensity (1.6) Changes in Oil & Gas Financing (5.4) Changes in Zero-Carbon Power Financing (15%) 38.8 Energy Mix Progress as of Dec 31, 2022 Updated 2030 Target³ (36%) 29.5 2030 Energy Mix Target 5 KEY OIL & GAS UPDATES • To complement our Energy Mix target, we have increased the ambition of our Oil & Gas Operational (Scope 1 & 2) target from 35% to 45% reduction in emissions intensity by 2030, which aligns with achieving net zero emissions by 2050 • To provide transparency and insight into the emissions footprint of our financing to the Oil & Gas sector, we are also disclosing our absolute financed emissions covering Scope 1, 2 and 3 for upstream, refining, and integrated companies • We are also publishing The Methane Emissions Opportunity, which describes energy security, climate, and business benefits of immediate action to reduce methane emissions and flaring in the Oil & Gas sector, and identifies best-in-class and positive actions companies can consider implementing 8

View entire presentation