2021 Environmental Social & Governance Report

participate in the “Business Development Support Model” 
process which will provide training, skills development, 
mentorship for entrepreneurs and access to legal and business 
planning assistance, to support job creation and economic 
growth. J.P. Morgan South Africa aims to support over 500 
early-stage businesses and to stimulate the creation of at least 
1,000 net permanent jobs over the next eight years.
Over the program's eight-year period, the Abadali Grant will 
also extend grants of 40 million rand ($2.64 million 
equivalent) towards support programs developing Black 
entrepreneurs into sustainable businesses.
SMALL BUSINESS POLICY AGENDA
We are advancing 
policy reforms
that promote access to capital and other support 
for underserved entrepreneurs. Informed by the JPMorgan Chase Institute’s data-
driven insights and the expertise of the JPMorgan Chase PolicyCenter, we support 
increased resources for the SBA Microloan program and modifying restrictions on 
SBA program participation for justice-involved individuals. Additional items on our 
policy agenda include maintaining support for the Department of Treasury’s CDFI 
Fund and improving procurement programs and policies to provide greater 
opportunity for underserved small business owners.
41
INTRODUCTION
ENVIRONMENTAL
SOCIAL
Feature: Our Commitment
to Racial Equity
Diversity, Equity & Inclusion
Human Capital
Inclusive Growth
GOVERNANCE
ESG REPORT APPENDICES

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2
4
8
10
12
11
9
1
5
13
6
3
3
7
2
4
3
1
5
Carver Bancorp
Carver State Bank and 
Citizens Trust Bank
CityFirstBroadway
29
First Independence Bank
Harbor Bank of Maryland
6
8
7
10
9
Industrial Bank
Liberty Bank
M&F Bank
Optus Bank
Rio Bank and Unity 
National Bank
12
11
13
State-based
City-based
Southern Bancorp
Sunstate Bank
Unity National Bank