Supplier diversity Our approach: General Mills has been committed to establishing and growing relationships with certified diverse suppliers in the U.S. for more than 50 years, providing opportunity to underrepresented groups while fostering job creation and economic development.* By requiring businesses to be certified by our partner advocacy organizations, we stay true to our goal of providing diverse suppliers with greater access to our spending while bringing credibility through third-party authentication. These inclusion efforts also support General Mills by delivering innovation, agility, cost savings and market insights about our increasingly diverse consumers. Our Supplier Diversity Team, which is embedded in our Global Supply Chain organization, builds partnerships across the company to match diverse suppliers with business needs and opportunities. The team integrates supplier diversity into the standard sourcing process, trains all sourcing buyers and provides tools to advance the program. Sourcing category managers incorporate diversity into their strategic plans to drive progress and share results with sourcing leadership. Our approach in recent years has evolved by applying robust data, standard processes and business integration that mirrors our sourcing organization workflow. Our actions: We have expanded our supplier diversity program globally to include all of our sourcing regions in addition to North America.** In fiscal 2021, we successfully: n Compared internal and external data sources to continually locate and verify certified diverse suppliers n Executed a supplier scouting and vetting process to expand our potential partner base n Measured bid inclusion and win rate to highlight capable suppliers across multiple platforms n Moved the Tier 2 program from pilot to launch, expanding our expectations for inclusion to our supply base and increasing overall diverse spending by more than $55,000,000 n Launched a diverse certification sponsorship program to help small or startup businesses achieve diverse certification status with funding and consulting support from General Mills n Made a corporate commitment to double spending with minority-owned businesses and achieved this goal in fiscal 2021 by increasing spending with minority-owned businesses to more than $181 million*** Collaboration: We are active members in national and regional advocacy organizations, such as the National Minority Supplier Development Council (NMSDC), North Central Minority Supplier Development Council (NCMSDC), WEConnect International, Women’s Business Enterprise National Council (WBENC), Women’s Business Development Center (WBDC), and the National LGBT Chamber of Commerce (NGLCC). Through these organizations and other industry groups, we benchmark, share best practices and network with prospective diverse suppliers. *Diverse suppliers are defined as businesses 51% owned and operated by racial minorities, women, veterans, and disabled and LGBTQ+ individuals. **Our program expansion targets women-owned businesses globally, in addition to providing our full support to all recognized diversity groups in North America. ***Includes Tier 1 and Tier 2 suppliers. Minority-owned businesses $181.3 Women-owned businesses $122.9 Veteran-owned businesses $12.5 Disability-owned businesses** $0.09 LGBTQ+-owned businesses $0.07 Total $318.3 Total (% of total global supplier spending)*** 3.7% General Mills spending with diverse suppliers (fiscal 2021, US$ million)* *Represents spending in the U.S.; for suppliers certified in multiple categories of diversity, spending with those businesses is included under their primary diversity status. **Disability-Owned Business Enterprise (DOBE) certification — businesses owned and operated by people with disabilities. ***Diverse U.S. supplier spending as a percentage of total global supplier spending; includes Tier 1 and Tier 2 suppliers. Certification sponsorship program “Working with General Mills has had a greatly positive impact on our business. Because of our certification through WBENC, we’ve been able to secure retailers we wouldn’t have in the past. Our certification has led to a distribution partnership that has vastly broadened our potential retail footprint. We’re incredibly grateful to the General Mills team for their continued support.” — Claire Smith, Founder, Tenera Grains In 2021, we launched a supplier diversity certification sponsorship program to fund and support small diverse businesses in attaining their diverse certification. The first participant was Tenera Grains, maker of innovative Teffola granola made from the ancient grain teff. After achieving WBENC certification as a woman-owned business, Tenera Grains made it to the finals of the WBENC NextGen Pitch Competition. GENERAL MILLS GLOBAL RESPONSIBILITY 52 Food Planet People Community