J.P.Morgan Shareholder Engagement Presentation Deck

D Climate We are committed to our climate strategy and realizing the sizable economic opportunities that the transition presents for our Firm and our clients Key Aspects of Our Carbon Assessment Framework NEW CLIMATE ACTIONS IN 2022 Published the Firm's 2022 Climate Report. The report provides updates on how we measure and make progress toward previously established targets for the Oil & Gas, Electric Power and Automotive Manufacturing sectors • Announced 2030 emissions intensity-reduction targets for three new sectors - Iron & Steel, Cement and Aviation ● Announced intent to share more details on our approach to absolute-based metrics in 2023, including disclosure of absolute financed emissions in key sectors of our financing portfolio • Hosted an investor event, The Business of Climate: Opportunities, Risks and Targets at JPMorgan Chase, discussing the Firm's climate strategy and progress • Disclosed our Carbon Assessment Framework ("CAF"), an assessment methodology for our clients' emissions and decarbonization plans which is used as one factor in our decision-making on new transactions for in-scope clients in our targeted sectors (see graphic to right) PROPOSAL 6: FOSSIL FUEL PHASE OUT ● The Firm set a target to finance and facilitate $1 trillion toward green initiatives, including supporting activities like renewable energy, clean technology, and sustainable transportation An abrupt withdrawal from financing new oil and natural gas projects would increase energy security risks Adopting the proposal could reduce certain energy clients' access to capital when seeking to finance green and transition activities • The requested policy would restrict management's ability to make the best business judgments on which companies and projects to finance, and would not be in the interests of the Firm's long-term shareholder value JPMORGAN CHASE & CO. Quantitative Assessment Current Carbon Intensity Forecasted Carbon Intensity Historical Carbon Intensity Reduction Lowest Client is scored relative to JPMorgan Chase's portfolio Client is scored relative to JPMorgan Chase's 2030. interim target Client is scored based on the 2-year change in its carbon intensity Quantitative Score (1-5) Bucket 1 The Board of Directors recommends that shareholders vote AGAINST the following climate-related proposals PROPOSAL 9: REPORT ON CLIMATE TRANSITION PLANNING . We have taken voluntary action to disclose our climate approach and progress on a regular basis, informed by the Task Force on Climate-related Financial Disclosures (TCFD) Qualitative Assessment CLIENT CARBON ASSESSMENT FRAMEWORK SCORE Bucket 2 Bucket 3 Bucket 4 The Firm's 2022 Climate Report includes detailed reporting of our prog on our three initial 2030 targets, established three new targets aligned with Net Zero, described our approach to climate risk management, and the use of our CAF for in-scope clients across lending and capital markets activities Holistic view of the client's plans to achieve. its decarbonization plans • The requested report would prescribe the content of our climate-related communications and would not necessarily be in the interests of long-term shareholder value This includes strategic actions taken by clients to drive progress toward decarbonizing their business Qualitative Score (1-5) Bucket 5 Highest PROPOSAL 12: ABSOLUTE GHG REDUCTION GOALS We intend to disclose absolute financed emissions in key sectors of our financing portfolio in 2023 Management determined that the optimal approach for supporting our clients' transitions right now is carbon intensity targets which better balance accelerating emission reductions with fostering economic growth, and more effectively consider energy security Adoption of absolute targets in addition to intensity targets is not practical, and could risk transferring carbon intensive banking and emissions elsewhere The requested report would interfere with management's ability to pursue its strategy, monitor and respond to developments, and is not in the interests of long-term shareholder value 10

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