EXECUTIVE SUMMARY SUSTAINABILITY GOVERNANCE SUSTAINABILITY CATERPILLAR RESTRUCTURES BOARD TO FURTHER SUSTAINABILITY GOVERNANCE 2021 EMPHASIZE SUSTAINABILITY AND ESG GOVERNANCE 2022 Sustainability oversight is conducted at Caterpillar’s highest levels, Caterpillar Board of Directors beginning with our board of directors. Given the importance Caterpillar Board of Directors of sustainability, the board restructured its committees, effective June 8, 2022, and created the new Sustainability and other Public Public Policy Policy Committee (SPPC). Among other responsibilities, the SPPC will Sustainability and other and Governance Committee have oversight over climate and sustainability. Public Policy Committee Management’s sustainability governance includes our Chief Executive Chief Executive Officer Officer (CEO) and all executive officers who report directly to the CEO, Chief Executive Officer including the Chief Sustainability & Strategy Officer. Executive Office Read more about our Corporate Governance Executive Office SHAREHOLDER ENGAGEMENT AND RESPONSIVENESS Caterpillar values the diverse perspectives and input of our shareholders. Through regular, ongoing shareholder engagement, we hear their interest in how Caterpillar is addressing and reporting on climate change, as well as how our company is contributing to a reduced-carbon future. We have responded to shareholder feedback by taking and announcing several key actions, including: • Disclosing our estimated Scope 3 GHG emissions data beginning in 2023; • Committing to utilize the TCFD framework to further enhance our sustainability reporting beginning in 2023; • Incorporating ESG performance into the 2022 incentive plan for executive officers; • Creating a new executive leadership position of Chief Sustainability & Strategy Officer, reporting directly to the Chief Executive Officer; and • Launching our annual Diversity and Inclusion Report, which also includes a link to the disclosure of our EEO-1 report. 5