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 Board of Directors Our Board of Directors (Board) views sustainability as being critically important to Colgate’s overall business and growth strategy and our Board plays an essential role in guiding and overseeing that strategy. Our Board was deeply involved in the development of our strategic plan and received detailed briefings throughout the year on critical aspects of its implementation. As we work to integrate sustainability into all aspects of our business, our Board addresses sustainability in their oversight of the implementation of Colgate’s strategic plan, annual budget, capital expenditures, capital structure and innovation plans and is kept abreast about the Company’s sustainability efforts during reviews of our operating divisions and functions, product categories and competitive and marketplace trends. In further recognition of the importance of ESG matters to Colgate’s continued success, the Personnel & Organization Committee of the Board has determined to add performance measures to the 2022 annual incentive program tied to Colgate’s sustainability and diversity, equity and inclusion progress. Nominating, Governance and Corporate Responsibility Committee Within our Board, the NGCR Committee has responsibility for overseeing our sustainability program, including our 2025 Sustainability & Social Impact Strategy, while the Personnel & Organization Committee has responsibility for overseeing our workplace and human rights practices, including diversity and inclusion and equal opportunity initiatives. The NGCR Committee was reconstituted and renamed in 2020 to heighten the Board’s focus on sustainability (including climate change), social responsibility and corporate citizenship matters. The NGCR Committee receives regular updates from management on sustainability matters, risks and opportu nities, including our actions to preserve the environment and accelerate action on climate change. The NGCR Committee is scheduled to meet quarterly and a sustainability-related topic is typically presented and discussed at each scheduled meeting. It is management’s intention to provide the Board, through the NGCR Committee, with the highlights of our progress against the targets within our 2025 Sustainability & Social Impact Strategy on at least an annual basis. Audit Committee In addition, our Board is kept abreast of sustainability risks through the Audit Committee, which oversees the Company’s enterprise risk management and the implementation of appropriate risk monitoring and management systems. In this capacity, the Audit Committee receives regular updates from members of the Company’s ERM Committee (as discussed in further detail above), which has identified sustainability as a critical risk facing the Company. Please visit Colgate’s Policy Statements for a complete listing of Colgate’s policies. PAGE 19 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT
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