2021 Environmental Social & Governance Report

SPURRING COMMUNITY AND ECONOMIC DEVELOPMENT IN EMERGING MARKETS 
The United Nations SDGs provide goals for all countries – developed and developing – to alleviate poverty and 
inequality, improve health and education and spur economic growth and employment, all while tackling climate change 
and working to preserve natural ecosystems. Achieving these goals will require unprecedented levels of investment in 
community and economic development, particularly in emerging economies.
Our Firm launched the JPM DFI in 2020 to mobilize capital towards sustainable development in emerging markets. By 
assessing transactions with anticipated development impact, the JPM DFI seeks to expand the market for development 
finance and attract capital to transactions that offer both potential financial returns and advance the SDGs. In 2021, the 
JPM DFI assessed transactions to have anticipated development impact for a total combined amount of $117 billion.
JPM DFI also acts as development finance structuring agent for a diverse set of corporate and sovereign transactions, 
which involves assisting clients to measure, manage and communicate the development impact of their transaction with 
investors and other stakeholders. 
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Excludes transactions that overlap with Green, representing a total combined amount of $7 billion
Fostering Mongolia’s Healthcare, Transport Infrastructure
and Technology Sectors
In June 2021, the Government of Mongolia issued a $1 billion sovereign bond, where JPM DFI acted as 
joint bookrunner and development finance structuring agent. The Government of Mongolia plans to 
use the proceeds from the issuance of the bond to improve the country’s healthcare, transport 
infrastructure and technology sectors, addressing key development gaps in the region. In particular, 
the proceeds of the bond are expected to address these challenges by:
• 
Building a second branch of the National Cancer Center to improve early detection and improve 
diagnostic and treatment capacity; 
• 
Promoting sustainable public transportation in Ulaanbaatar, increasing the capacity of the public 
transport system by procuring 1,500 electric buses, which are also expected to reduce fuel costs 
by 65% and improve access for people with disabilities; 
• 
Issuing citizens and registered organizations digital signatures; and 
• 
Introducing platforms that incorporate and advance new technologies for government services, 
including a nationwide unified and integrated address information system. 
The JPM DFI mapped the transaction to SDGs #3, #11 and #16, associated with ensuring healthy lives, 
fostering sustainable cities and communities and promoting inclusive societies for sustainable development. 
For more information on the JPM DFI, see the 2021 Annual Report. 
Ulan Bator, Mongolia
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INTRODUCTION
ENVIRONMENTAL
SOCIAL
Feature: Our Commitment
to Racial Equity
Diversity, Equity & Inclusion
Human Capital
Inclusive Growth
GOVERNANCE
ESG REPORT APPENDICES

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Strengthening Financial Health and Wealth Creation
Access to relevant, useful and affordable financial services is a critical foundation 
for achieving financial stability. However, nearly 7.1 million households in the U.S. 
are “unbanked” – meaning no one in the household has a checking or savings 
account – according to the FDIC. The FDIC found that not having sufficient money 
to meet minimum balance requirements was the most common reason households 
cited for being unbanked. Additionally, access to financial services is not equally 
distributed: Black, Hispanic and Latino households represent 64% of the country’s 
unbanked, despite the fact that they make up only 32% of the U.S. population.
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JPMorgan Chase is leveraging our reach and expertise to expand access to 
banking, develop products that meet the needs of low- and moderate-income 
consumers and provide financial health education and other resources and tools 
that help people become financially resilient and, ultimately, build wealth. We are 
also supporting a federal wealth and savings agenda to pilot portable benefits, 
incentivizing savings policies to help families build emergency savings, and seeding 
baby bonds to build wealth.