AT&T and Shareholders We sustain long-term business performance by maximizing network reliability and security, and by constantly innovating to maintain and grow our customer base. Employees We empower our people to deliver on our corporate purpose and advance their careers, while fostering a diverse, equitable and inclusive workforce. Customers and Communities We leverage our network for positive social impact, providing critical connectivity, helping bridge the digital divide and supporting disaster response and recovery. Suppliers We extend our ESG efforts throughout our supply chain, helping lead industry practice and enhance resilience for our business and others. Environment We’re enhancing operational resilience on our way to carbon neutrality and are helping customers reduce emissions through smart connectivity solutions. Our purpose We create connection – with each other, with what people need to thrive in their everyday lives and with the stories and experiences that matter. Key inputs The resources that we rely upon to create value. Outcomes The value we create through our operations and actions. ESG approach We integrate ESG issues into our operations and use our platform to drive positive impact. What we do We create new and exciting customer experiences that connect people with who and what they love. How we create value W i r e l e s s • 5 G • I n t e r n e t & fi b e r • B u s i n e s s s o l u t i o n s • P u b l i c s e c t o r & F i r s t N e t W a r n e r M e d i a • H B O M a x N e t w o r k • T e c h n o l o g y & i n n o v a t i o n • A T & T L a t i n A m e r i c a Network The physical infrastructure that supports our world-leading communications network. Brand and Intellectual Capital Our brand, our reputation and our capacity for innovation. Employees Our ~202,600 employees, located across 50 states and 63 countries. Customers and Communities Our millions of customers and the local communities where we live and work. Suppliers Our supply chain of more than 20,000 suppliers across the globe. 5 Environment The energy, water and other natural resources that we use to create and preserve value. Financial Financial resources available to us, and the strength of our balance sheet. E N T E R T A I N C O N N E C T W i r e l e s s • 5 G • I n t e r n e t & fi b e r • B u s i n e s s s o l u t i o n s • P u b l i c s e c t o r & F i r s t N e t W a r n e r M e d i a 8 • H B O M a x N e t w o r k • T e c h n o l o g y & i n n o v a t i o n E N T E R T A I N W H A T W E D O E S G A P P R O A C H C O N N E C T Social Impact Environmental Impact ESG Operational Integration E N T E R T A I N C O N N E C T W H A T W E D O E S G A P P R O A C H Social Impact Environmental Impact ESG Operational Integration ESG material topics We regularly assess and prioritize the material ESG risks and opportunities impacting AT&T, as well as issues where AT&T significantly impacts external stakeholders (page 42). page 30 page 26 page 20 page 12 page 6 OVERVIEW HOW WE CREATE VALUE OVERVIEW AT&T AND SHAREHOLDERS CUSTOMERS AND COMMUNITIES EMPLOYEES SUPPLIERS ENVIRONMENT GOVERNANCE GOALS SUMMARY KPI s AT&T ESG SUMMARY REPORT 2022 AT&T ESG SUMMARY REPORT 2022 4 5