11 LEADERSHIP LETTERS Dear Stakeholders, This past year has made clear that COVID-19 has fundamentally changed our world, further accelerating the need for companies to make a positive impact on the environment and in our communities. At The Estée Lauder Companies, we take that responsibility seriously, and, in fiscal 2021, we worked hard to continue developing long-term solutions to help protect our planet, drive inclusion and equity, and put people at the heart of everything we do—all while meeting our business objectives. I am filled with immense pride for our employees and our business, both of which continue to thrive despite extraordinary circumstances. The work of social impact and sustainability only succeeds when employees lead the way as ambassadors and agents of change. Not only have our employees delivered on this charge, they’ve done so with resilience, tenacity, and compassion. As evidence of this, employee giving was near an all-time high in fiscal 2021. Our employees enthusiastically participated in charitable opportunities, taking advantage of Company matching programs in support of racial equity initiatives, COVID-19 and disaster relief efforts, and environmental causes. And, they continued to deepen their knowledge of social impact and sustainability issues. Our investment in embedding and upskilling is perhaps most evident in the launch of the Beauty Inspired, Values Driven Interactive Learning Guide. The guide helps ensure that no matter what part of the business someone touches, or what language they speak, employees have access to information on the Company’s social impact and sustainability programs and can find meaningful ways to get involved. I’ve been humbled by the incredible dedication, goodwill, and skill shown by the teams and partners that fuel our company’s positive impact in the world. It will take all of us—from our unique portfolio of beloved brands to our employees to our leaders at every level—to accomplish the change that we know we’re capable of. Because together, we can accomplish anything. Thank you for your support of The Estée Lauder Companies. NANCY MAHON Senior Vice President, Global Corporate Citizenship and Sustainability The Estée Lauder Companies Inc. NANCY MAHON NANCY MAHON LETTER FROM LETTER FROM In fiscal 2021, we continued to support our employees facing financial hardships due to COVID-19 through further contributions to the ELC Cares Employee Relief Fund, which was started at the beginning of the pandemic.