CONTENTS LETTER FROM NOEL WALLACE LETTER FROM ANN TRACY 2025 SUSTAINABILITY STRATEGY SUSTAINABILITY HIGHLIGHTS SUSTAINABILITY MANAGEMENT SUSTAINABILITY GOVERNANCE DRIVING SOCIAL IMPACT HELPING MILLIONS OF HOMES PRESERVING OUR ENVIRONMENT Net Zero Carbon Targets Colgate is committing to the following Net Zero carbon and other climate-related targets: By 2025, it is our goal to: • Reduce Scope 3 emissions from Purchased Goods and Services by 20% against a 2 020 baseline • Reduce Scope 1 and 2 GHG emissions in operations by 20% against a 202 0 baseline • Avoid GHG emissions from consumer use by 20% against a 2016 baseline • Red uce manufacturing energy intensity by 25% against a 2010 baseline By 2030, it is our goal to: • Reach 100% renewable electr icity in global operations • Reduce Scope 3 GHG emiss ions from Purchased Goods and Services by 42 % against a 2020 baseline • Reduce Scope 1 and 2 GHG emissions in operations by 42% against a 202 0 baseline By 2040, it is our goal to: • Reach Net Zero carbon emissio ns across the value chain • Reduce Scope 1, 2 and 3 e missions* by 90% against a 2020 baseline Our Net Zero targets were established to be compliant with SBTi’s Net Zero Carbon Standard with the SBTi’s review and approval anticipated in 2022. We have also incorporated guidance from the Climate Action 100+ Net Zero Benchmark, which assesses the performance of companies against the initiative’s three high-level goals: emissions reduction, governance and disclosure. Colgate's Net Zero Carbon Pathway This graphic shows our estimated decarbonization glide path towards Net Zero by 2040. * excludes Scope 3 Categories 2, 9, 11 & 12 per SBTi Net Zero Standard Scope 3 Purchased Goods and Services All other Scope 3 Scope 1 & 2 MT CO 2 e 1 2 3 4 5 6 7 8 20402035203020252020 2040 2035 2030 2025 2020 PAGE 59 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT