EXECUTIVE SUMMARY EXECUTIVE SUMMARY CHAIRMAN & CEO LETTER SUSTAINABILITY IN ACTION Our long-standing commitment to sustainability inspires us to set and achieve meaningful environmental, social and governance (ESG) goals and develop innovative products, technologies and services to support our customers on their sustainability journey. We believe the energy transition represents a significant opportunity for ENABLING OUR CUSTOMERS’ SUCCESS long-term profitable growth, leading us to add sustainability as a focus The addition of sustainability as a focus area, together with operational area of our enterprise strategy. excellence, expanded offerings and services, highlights our work to achieve Caterpillar’s and our customers’ climate-related objectives. To demonstrate the importance of transparent climate-related reporting Through investments in technology that facilitate fuel transition, and disclosure, we will further enhance our reporting in our Sustainability operational efficiency and reduced emissions, we are helping our Report released in 2023. This will include our first-ever Task Force on customers reduce their carbon footprint while also meeting their Climate-Related Financial Disclosures (TCFD) report and public disclosure requirements for performance, durability and economic value. of estimated Scope 3 greenhouse gas emissions. In 2021, a number of projects were announced that will allow Caterpillar to contribute to a reduced-carbon future. You can read about several examples of product innovation in our Sustainability Report. G & EXECUTIO OUR VALUES IN ACTION TIN N M Our ESG commitment extends beyond environmental sustainability. We RA OD continue to build a more diverse and inclusive workplace, as outlined in PE E our Diversity & Inclusion Report. We also demonstrate strong corporate O E OPERATIONAL PAR L citizenship through the Caterpillar Foundation, helping build stronger, L EXCELLENCE T OP N more resilient and sustainable communities around the world. PE ER S We are building on our legacy of providing products and services that EXPANDED PROFITABLE SERVICES advance sustainable progress and improve standards of living, supporting OFFERINGS GROWTH our customers throughout the energy transition as they build a better, more sustainable world. SUSTAINABILITY OU CUSTOMERS N R V TIO Jim Umpleby ALUES IN AC Chairman & CEO 3