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 Pulp and Paper Packaging Our commitment to responsibly source pulp and paper materials is based on our recognition that over half of the world’s forests have been lost. This has not only led to biodiversity loss and social instability, but also to the worsening of climate change. Deforestation of High Conservation Value and High Carbon Stock forests, such as tropical rainforests and peatlands, has been especially devastating to endangered animal species and has led to significant release of carbon emissions. Our efforts are guided by the pulp and paper packaging section of our No Deforestation Policy , which outlines our expect ations for how we source these materials. The guiding principles that underpin our approach include: • N o illegally harvested wood • No exploitation of peop le or local communities • N o deforestation of High Conservation Value (HCV) areas • No sourcing o f wood from forests that were converted to plantation s or non-forest uses T o mitigate risks in our supply chain and ensure that we are sourcing our pulp and paper products in alignment with our valu es, we seek to maximize the use of recycled content products wherever possible. We conduct an annual risk assessment process for all paper and pulp packaging suppliers and the materials they source to Colgate, and we utilize Forest Stewardship Council certified materials to further support our approach to sourcing sustainable paper-based packaging. Through our partnership with the Rainforest Alliance, we conduct an annual paper-based packaging supply risk assessment, which helps us to identify sources of high risk within our supply chain and the implementation of actions to mitigate sustainable sourcing risk. Ta l l ow Tallow, a cattle byproduct, is a key ingredient in bar soap production. Colgate sources tallow from suppliers in North America, Latin America and Europe. For tallow sourced from Brazil, we take steps to ensure that the tallow is responsibly sourced and does not originate from cattle ranches located in the Amazon. We require that our suppliers follow environmental and social guidelines set forth by the Brazilian Institute of Environment and Natural Resources and that cattle operations conform with the Minimum Criteria for Industrial Scale Cattle Operations in the Brazil ian Amazon Biome. To learn more about our actions and progress against our work on beef (tallow), please see the Beef (Tallow) section of our No Deforestation Policy . Partnerships An important element of our sustainability strategy is our engagement and collaboration with external partners, which complement our strong internal capabilities. These partnerships help us achieve our ambitions to source sustainably and to strive for Net Zero deforestation. PAGE 83 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT