J.P.Morgan ESG Presentation Deck

B Energy Mix - Rationale Energy Mix encompasses a broader view of energy supply that better captures the system-wide substitution from oil and natural gas to low-carbon fuels and zero-carbon electricity generation under the IEA NZE scenario 1 GLOBAL ENERGY SUPPLY (EXCLUDING COAL¹) BY SOURCE IN THE IEA NZE AND SDS SCENARIOS Oil² 2 The IEA NZE scenario pathways reflect more reliance on electrification, and in turn zero-carbon power, than the IEA Sustainable Development Scenario ("SDS"). Our IEA SDS aligned target for Oil & Gas End Use was to achieve a 15% reduction by 2030 from our 2019 baseline Aligning this target with the IEA NZE scenario would require an increase to a 29% reduction. In addition, the build-out of zero- carbon power is taking place primarily in the Electric Power sector ENERGY MIX TARGET SUMMARY In conjunction with the change to the IEA NZE scenario, we are expanding the boundary of our Oil & Gas End Use (Scope 3) target - now called Energy Mix - to include zero-carbon power generation activity from our Electric Power portfolio and better capture how our financing is helping to facilitate the substitution of fossil fuels with zero- and low-carbon alternatives We will also maintain our Electric Power target that focuses specifically on the decarbonization of electric grids. Due to the integrated nature of our Energy Mix target, and its partial overlap with our existing Electric Power target, we will include our financing of zero-carbon power generation activities in both targets' calculations, which we believe is consistent with the IEA NZE scenario's treatment of global power generation For additional information and footnotes, please see slide 14 JPMORGAN CHASE & CO. 28% 34% 38% 2019 Activity Focus Scope Metric Scenario 2030 Target Natural Gas 39% 31% 30% 2030 Renewables & Nuclear 72% 17% 11% 2050 L IEA SDS- 49% 29.5 g CO₂/MJ 26% 25% 2030 90% 8% 2% 2050 LIEA NZE J Production and refining of oil and natural gas for end use combustion Production of low-carbon fuels Zero-carbon power generation by Oil & Gas companies NEW Zero-carbon power generation by Electric Power companies Scope 3 CO₂ emissions from end use of energy products g CO₂/MJ IEA NZE with adjustments to exclude coal and non-energy uses of oil 6

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