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 Business Resilience We acknowledge that the impact of climate change poses potential short-, medium- and long-term risks to our business. As we accelerate the decarbonization of our value chain to help limit global temperature rise to 1.5°C, our teams are building climate resilience into our global business activities. We are continuing to assess our climate impact, risks and opportunities and to integrate our sustainability strategy across our organization while creating a healthier future for all people, their pets and our planet. | | | Climate Scenario Analysis High / Moderate / Low Carbon Price Scenarios Low Climate C hange Scenario Moderate Climate C hange Scenario High Climate C hange Scenario P olicy and Legal Reputation Market Technolo gy Transitional Risks Physical Risks Acute Progressive Business Risks R evenue Cost Assets Liabilities PAGE 66 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT Climate-Related Scenario Analysis Climate-related scenario analysis is a tool that helps assess an organization's financial exposure to climate change, both for physical and transition risks under different climate futures. Colgate engaged with a third-party expert to conduct a climate-related scenario analysis to better understand how clim ate change may impact our business and what type of actions can be taken to avoid climate risks or capture opportunities. The analysis covered the potential impacts of both physical risks, such as hurricanes or droughts, and the transitional risks, such as carbon pricing, regulatory requirements and impacts on Colgate’s reputation. For more information on the key findings of the climate-related scenario analysis conducted, please see our report aligned with the TCFD recommendations. The information collected through this process will help us prioritize our risk management activities, inform our strategy, create ca pacity to set an internal carbon price, better assess the return on investment for sustainability related capital investments, align with new public reporting and disclosure frameworks and respond in a more complete way to investor requests about the potential climate risks to our business model. We are continuing our work to conduct further climate scenario analyses, including pilot projects to quantify and monetize the clim ate and water risks.