Introduction Baxter 2021 Corporate Responsibility Report 3 2030 Corporate Responsibility Goals Corporate Responsibility Commitment Empower Our Patients Protect Our Planet Appendix Champion Our People and Communities Cross-Cutting Commitments From the Chairman , President and CEO In December 2021, Baxter’s ongoing transformation reached a new inflection point as we completed the largest acquisition in our company’s 90-year history. By adding the talent and capabilities of medical technology leader Hillrom, we are creating new opportunities to expand the reach of our combined portfolio across sites of care and global geographies, as well as sparking new potential to make a difference for patients and their clinicians through our rapidly growing connected care capabilities. The strength of the Baxter–Hillrom combination is rooted in the values that our teams bring together, starting with our shared dedication to saving and sustaining lives and emphasis on responsible corporate citizenship. These twin commitments were much in evidence across Baxter throughout 2021, as the healthcare landscape continued to be dominated by the devastating impact of COVID-19. Baxter’s medically essential products have placed us squarely on the front lines of this battle from the start. Our impact in this space was further amplified in 2021, as we partnered in the manufacture of multiple COVID-19 vaccines on a contract basis. The pandemic also remained a key focus of our philan - thropic efforts, as Baxter and the Baxter International Foundation supported a range of institutions and communities in need. As ever, we honor the first responders, clinicians and others throughout the global healthcare ecosystem who give of their hearts and expertise in this continuing fight. In July 2021, Baxter launched our 2030 Corporate Responsibility Commitment and Goals, a decade-spanning framework to create lasting social, environmental and economic value across three critical pillars: Empower Our Patients, Protect Our Planet, and Champion Our People and Communities. Each has a set of clearly stated initiatives, financial support and governance measures to ensure progress and accountability. You can find many noteworthy highlights of our 2021 efforts in the pages that follow. To spotlight just a few, Baxter: • Invested approximately $9 million to implement nearly 200 energy conservation projects across our manufacturing sites globally. We estimate that these projects will save 33,800 megawatt hours of energ y and avoid 8,800 metric tons carbon dioxide equivalent of greenhouse gas emissions annually. • Reduced our water use by 7.7% in water-stressed areas and reduced waste generation by 9%, compared with 2020 and indexed to revenue. • Continued to advance ACT: Activating Change Today, our multidimensional effort to promote racial justice, by investing in scholarship, community engagement and healthcare equity programs, and the attraction and development of diverse talent. • Assessed our ability to report using the Task Force on Climate-related Financial Disclosures (TCFD) framework. • Heightened our philanthropic investments in underserved communities to $52 million in total charitable giving by Baxter and the Baxter International Foundation. Thanks to the focus and determination of our colleagues globally, we continue to be cited routinely as a corporate responsibility leader. Among recent recognition, Baxter ranked in the Top 10 of Newsweek ’s 2021 list of America’s Most Responsible Companies. We are also proud to be included on the S&P Global’s Dow Jones Sustainability Indices (DJSI), including both DJSI World and DJSI North America, each year since their inception (1999 and 2005, respectively). As of this writing, the devastating war in Ukraine is having a tragic human cost; yet the compassion of Baxter employees is again evident in our unrelenting drive to make a difference when crisis strikes. Baxter is now engaged in a multitiered humanitarian response, including, to date, more than $3.5 million in product donations as well as nearly $1 million in direct financial aid—a cash total reflecting, in part, the incredible personal generosity of our employees as matched by the Baxter International Foundation. Regardless of the challenges and uncertainties that inevitably lie ahead, the Baxter team is committed to doing business the right way and in line with our environmental, social and governance priorities. I salute our Baxter employees around the world, whose passion powers our performance as a responsible corporate citizen . JOSÉ (JOE) E. ALMEIDA | Chairman, President and Chief Executive Officer