J.P.Morgan ESG Presentation Deck

B Energy Mix - Overview We've updated and expanded the boundary of the Oil & Gas Scope 3 target to a broader Energy Mix target to better reflect how our business supports the global energy transition The Global Energy Pathway • The IEA makes clear that any decrease in fossil fuel supply will need to be matched by a corresponding increase in clean energy supply to meet energy demand in order to maintain energy security and affordability Aligned with NZE and Increased Ambitions This expanded Energy Mix target is aligned with the 2050 IEA NZE Scenario. As a result we are now targeting a more ambitious 36% reduction in carbon intensity by 2030 from our 2019 baseline vs. a 15% reduction under the prior Oil & Gas Scope 3 target ४९ JPMORGAN CHASE & CO. Energy Mix Target Decarbonizing Energy Supply Jamie Dimon, Chairman & CEO 2023 Climate Report • A singular focus on fossil fuels will not successfully achieve the necessary transition of the global energy system. Our Energy Mix target recognizes this by considering financing provided to oil and gas, alternative fuels and zero-carbon based electricity generation, including renewables and nuclear Dedicated to Transparency and Engagement "We expect this updated target will not only reflect market actions that are needed to support the transition from fossil fuels to low- or zero-carbon alternatives but will also provide a more holistic representation of decarbonization efforts." Our engagement with investors, clients and NGOs has helped inform this change. We've disclosed further details in our 2023 Climate Report, including the changes in our Oil & Gas financing and Oil & Gas Scope 3 intensity, which contributed to our progress on the Energy Mix target LO 5

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