SUSTAINABILITY MANAGEMENT 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 Materiality Approach To assess Colgate’s sustainability performance, we had to first develop a framework upon which to judge our progress. This process began in 2019, when we conducted a Sustainability Impact Assessment, also known as a materiality analysis . We received nearly 8,000 responses from employees in over 100 countries. First, we examined a large number of internal and external sources for information regarding sustainability practices, including the United Nations Sustainable Development Goals (UNSDGs), Global Reporting Initiative (GRI), United Nations Global Compact (UNGC, as a LEAD company), Sustainability Accounting Standards Board (SASB), Task Force on Climate-related Financial Disclosures (TCFD) and Environmental, Social and Governance rating tools such as S&P Global, Corporate Sustainability Assessment (CSA), CDP, Institutional Shareholder Services (ISS), JUST Capital, Sustainalytics and Morgan Stanley Capital International (MSCI), ESG Ratings, in addition to peer-reviewed scientific research, industry reports, consumer insights data and employee feedback. We then assessed the interrelations between these sustainability-related topics and our business through the lenses of r isks and opportunities. We also asked our employees where Colgate could make the biggest impact, held in-depth interviews with Colgate subject matter experts, function leads and senior leaders to align our findings with business priorities and analyzed data from our consumers to identify trends in the market. We received nearly 8,000 responses from employees in over 100 countries. The result was the initial "Sustainability Impact Matrix" presented here, updated for 2021 and aligned with our 2025 Sustainability & Social Impact Strategy. PAGE 11 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT
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