2021 Environmental Social & Governance Report

ASSET AND WEALTH MANAGEMENT
J.P. Morgan AWM is a global leader in asset and wealth 
management services, which serves institutional, ultra-high 
net worth, high net worth and individual clients through its 
AWM businesses. With combined overall client assets of 
$4.3 trillion and assets under management ("AUM") of 
$3.1 trillion as of December 31, 2021, we are one of the largest 
asset and wealth managers in the world.
Asset Management
J.P. Morgan Asset Management believes that consideration of 
financially material ESG factors can be an important part of 
the investment process.
We define ESG integration as the systematic inclusion of ESG 
issues in investment analysis and investment decisions. In 
actively managed assets deemed by J.P. Morgan Asset 
Management to be ESG integrated under our governance 
process, we systematically assess financially material ESG 
factors in our investment decisions with the goals of reducing 
risk and improving long-term returns. ESG integration does not 
change a strategy’s investment objective, exclude specific types 
of companies or constrain a strategy’s investable universe.
In addition, we offer sustainable investment solutions to clients 
seeking to generate long-term returns and contribute to 
sustainable outcomes. For example, in 2021, we launched 20 
new sustainable funds, including a range of regional 
sustainable equity and climate-focused funds that expand 
clients’ opportunities to support and capitalize on the transition 
to a low-carbon, sustainable economy, including areas such as 
renewable energy, recycling, and sustainable transport.
Our Asset Management Global Sustainable Investing team is a 
dedicated group that focuses on sustainable investing topics 
in partnership with our investment professionals globally. 
They provide global sustainable investing research and 
insights on thematic ESG issues including climate change that 
can be applied across asset classes – they work with clients to 
build and implement sustainable investing solutions and they 
oversee our stewardship activities. In 2021, we added 
individuals with dedicated expertise in climate science to our 
Sustainable Investing team and are working to leverage new 
tools, including enhanced research and scenario analysis, to 
enable us to further consider climate risks and potential 
opportunities in our engagement, stewardship and 
investment processes.
We directly engage with selected investee companies on ESG 
topics. In 2021 we engaged over 1,300 companies on ESG 
issues. We also express our views through our proxy voting 
activity. In March 2022, we published our 
2021 Investment 
Stewardship Report
 outlining our global engagement, voting 
and stewardship activities including climate-related 
engagement activities.
In 2021, to further support our clients' climate-aware 
investing, we became a signatory to the NZAM initiative, an 
international group of asset managers committed to 
supporting investing aligned with the goal of net zero 
greenhouse gas emissions by 2050 or sooner, in line with 
global efforts to limit warming to 1.5 degrees Celsius. This 
commitment includes: engaging with clients to accelerate the 
global low-carbon transition to net zero within their 
portfolios, setting interim targets within the next 12 months 
for assets that we determine could be appropriately managed 
in line with net zero pathways, continuing to accelerate our 
corporate engagement and stewardship, and policy advocacy 
consistent with net zero ambitions. Thoughtful governmental 
policy, investments in low-carbon technologies and 
collaboration between the public and private sectors are all 
prerequisites for transitioning to a low-carbon world, 
J.P. Morgan Asset Management is pleased to play its part in 
identifying solutions by working with clients to develop 
products and solutions consistent with a net zero ambition.
Global Private Bank
We also continue to expand our sustainable investment 
offerings through J.P. Morgan Global Private Bank, which 
provides clients with access to multiple sustainable 
investment strategies across equities, fixed income, 
alternatives and multi-asset portfolios. In 2021, we saw record 
inflows in sustainable investment portfolios and strategies 
and grew total sustainable AUM 60% from the prior year.
In March 2021, we closed our new Global Impact Fund with 
over $150 million in commitments. The Fund offers a 
diversified portfolio of impact private investment funds 
constructed with the intent to advance progress toward 
specific United Nations SDGs. 
Launched in 2019, our Sustainable Equity Strategy invests in 
equity funds with a preference toward funds that consider 
ESG factors in their investment process and focus on 
sustainable themes, based on our internally defined criteria. 
In 2021, the strategy grew to more than $1.5 billion in AUM.
We also continue to see enhanced client interest in thematic 
investing, particularly in relation to climate change. In 
response, we are further expanding our range of available 
strategies and funds. For example, we have added new fund 
options focused on companies leading the clean energy 
transition, based on the expectation that they will deliver 
returns as decarbonization trends accelerate across key 
industries and markets.
We continue to invest in tools and solutions to help clients 
achieve their sustainable investing goals and to further raise 
their awareness and understanding of sustainable investment 
trends and opportunities. For example, in June 2021 we 
acquired OpenInvest, a values-based investing financial 
technology company. In the future, using proprietary 
technology and insights, OpenInvest’s platform will unlock a 
personalized and engaging end-to-end client experience 
including the ability to personalize portfolios to align with 
clients’ values and preferences, and sophisticated sustainability 
reporting to help clients understand how their investments are 
supporting their goals and impacting the world.
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INTRODUCTION
ENVIRONMENTAL
Advancing Climate and 
Sustainability Solutions
Operational Sustainability
SOCIAL
GOVERNANCE
ESG REPORT APPENDICES

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