J.P.Morgan ESG Presentation Deck

B Energy Mix - Rationale We believe this updated target better captures the shift in fuel mix of the global energy complex, and balances the trade-offs between fossil-fuel based and zero- or low-carbon energy sources to achieve net zero emissions by 2050 3 PROGRESS TOWARD OUR PORTFOLIO-WEIGHTED AVERAGE ENERGY MIX CARBON INTENSITY TARGET IS DEPENDENT ON THREE FACTORS: 2 INCREASE FINANCING OF ZERO-CARBON POWER GENERATION 4 Solar Natural Gas Wind REDUCTION IN OIL & GAS SECTOR SCOPE 3 INTENSITY Shift from oil to: JPMORGAN CHASE & CO. Hydro Biofuels 8 Hydrogen 3 DECREASE IN OIL & GAS SECTOR FINANCING Biomass Zero-carbon power D Nuclear 0 Implementation of Carbon Capture Utilization and Storage (CCUS) Geothermal 7

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