diff --git a/.changes/unreleased/Security-20240222-152445.yaml b/.changes/unreleased/Security-20240222-152445.yaml
new file mode 100644
index 00000000000..5c92c452ab0
--- /dev/null
+++ b/.changes/unreleased/Security-20240222-152445.yaml
@@ -0,0 +1,6 @@
+kind: Security
+body: Update Jinja2 to >= 3.1.3 to address CVE-2024-22195
+time: 2024-02-22T15:24:45.158305-08:00
+custom:
+  Author: QMalcolm
+  PR: CVE-2024-22195
diff --git a/core/setup.py b/core/setup.py
index 9ab55d39be1..7fff5dfcab0 100644
--- a/core/setup.py
+++ b/core/setup.py
@@ -46,7 +46,7 @@
         "console_scripts": ["dbt = dbt.cli.main:cli"],
     },
     install_requires=[
-        "Jinja2==3.1.2",
+        "Jinja2>=3.1.3,<4",
         "agate>=1.6,<1.7.1",
         # temporarily pinning click for mypy failures: https://github.com/pallets/click/issues/2558
         "click<9",