• Data Privacy & Security • Employee Attraction,  Development & Retention • Employee Health & Safety • Governance Ethics & Compliance • Product Safety • Resilience & Adaptation The Results of our Materiality Assessment priorities Our ESG Foundational Tier 1 • Climate Actio n (focus on energy and emissions) • Community Stewardship • Diversity, Equity & Inclusion • Waste Reduction & Circularity (focus on food waste, plastics, and consumer packaging) Tier 2 • Customer Health & Wellness • Supplier Environmental Stewardship • Supplier Social Responsibility • Sustainable Products & Ingredients Tier 3 • Animal Welfare • Product Marketing & Transparency • Water Stewardship Identifying Our ESG Priorities We analyzed 19 ESG topics specific to our business and industry and worked with stakeholders to better understand where we should focus our efforts. We conducted interviews and surveys with internal business leaders, customers, investors, suppliers, industry groups, and included insights from industry reports and ESG rating agencies. Based on the responses received we aggregated topics into ranked, or "tiered," priorities. We plotted responses into a prioritization matrix, and the ranked results are guiding our new ESG strategy Tier 1 Invest time and resources to set goals, advance our efforts, and regularly report on progress. Tier 3 Develop policies, position statements, and brand standards as needed, and report on activities as appropriate. Foundational Focus on internal excellence to proactively minimize risk and meet or exceed regulatory requirements. Tier 2 Proactively manage performance and report on continuous improvement. Importance to Business Importance to Shareholders 32 Environmental Social Governance Report 2020 33 Future of ESG