2021 Environmental Social & Governance Report


INVEST IN MINORITY DEPOSITORY INSTITUTIONS AND COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS


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INVEST IN MINORITY DEPOSITORY INSTITUTIONS AND COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS
• 
Invest up to $50 million (later increased to $100 million) –in the form of capital 
and deposits to Black, Hispanic and Latino-owned or -led Minority Depository 
Institutions ("MDIs") and CDFIs.
• 
Invested more than $100 million of equity in 15 diverse-owned or -led MDIs and CDFIs that collectively serve more than 89 communities in 19 states and the District 
of Columbia.
22
INTRODUCTION
ENVIRONMENTAL
SOCIAL
Feature: Our Commitment
to Racial Equity
Diversity, Equity & Inclusion
Human Capital
Inclusive Growth
GOVERNANCE
ESG REPORT APPENDICES


Our 2025 Commitment
Progress through December 31, 2021
GROW SMALL BUSINESSES
• 
Provide an additional $2 billion for 15,000 small business loans to Black
Hispanic and Latino communities.
• 
Building the infrastructure and foundation to help small businesses grow through new programs, products and hiring, including: 
• 
Hired 25 diverse senior business consultants to provide free one-on-one coaching for business owners in 14 U.S. cities.
• 
Mentored more than 1,000 small businesses.
• 
Hosted educational events, community workshops and business training sessions with more than 28,000 participants.
• 
Through government relief programs, business owners sought relief and liquidity from the U.S. Small Business Administration ("SBA"), including the Paycheck 
Protection Program ("PPP") and Economic Injury Disaster Loans ("EIDLs"). While PPP loans are not part of the Firm’s Racial Equity Commitment, JPMorgan Chase 
was the #1 PPP lender on a dollar basis – over the life of the program, we funded more than 400,000 loans for more than $40 billion. More than 30% of those loans 
went to businesses in majority-minority census tracts.
• 
While small business lending volume through 2021 is below 2019 levels, the Firm expects to make progress against the $2 billion small business lending commitment 
in the years ahead.

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