CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT SUSTAINABILITY MANAGEMENT Materiality Approach To assess Colgate’s sustainability performance, we had First, we examined a large number of internal and external sources for information regarding to first develop a framework upon which to judge our sustainability practices, including the United Nations Sustainable Development Goals (UNSDGs), Global progress. This process began in 2019, when we conducted 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) a Sustainability Impact Assessment, also known as a and Environmental, Social and Governance rating tools such as S&P Global, Corporate Sustainability materiality analysis. 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 risks and opportunities. We also asked our employees where Colgate could make We received nearly 8,000 responses 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 from employees in over 100 countries. 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. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 11
Colgate Palmolive Sustainability & Social Impact Report Page 11 Page 13