Environmental, social and governance issues In 2021, we partnered with Pivot Strategies to conduct an update of our ESG issues assessment, last done in 2018. We started this process by developing a list of issues to be evaluated based on: n Results of our 2018 assessment n Peer company ESG disclosures n Internal issues management prioritization n Input from General Mills experts and leaders n Key reporting disclosure frameworks n Stakeholder and consumer research Based on this review and analysis, we created and distributed a survey to more than 80 external and internal stakeholders to assist us with assessing these issues. External stakeholders included NGOs, industry associations, investors, academic institutions, customers, suppliers and peer companies. Internal stakeholders included subject matter experts and leaders from across the company, mostly director-level and above and with significant experience within General Mills. Stakeholders were asked to assess the relative impact of each issue based on two dimensions: external impact (the impact that General Mills has on society and the environment from each issue) and internal impact (the impact of each issue on the company’s performance and enterprise value, considering factors such as revenue, expenses, reputation, risk, capital investment, market access and financial reporting impacts). The results of the survey were aggregated, and each issue was placed on a matrix based on its relative impact on the two dimensions. This ESG issues assessment and prioritization will help guide our strategy and reporting and has enhanced our understanding of what stakeholders feel are currently the most impactful issues for our company to address. We recognize that all of the issues assessed are important and interconnected, and do not view this assessment in isolation, but rather in conjunction with our broader business strategy and priorities. For definitions and boundaries for each of these issues, please refer to the Appendix . n Climate change n Food safety and quality n Health and nutrition n Ingredient sourcing n Packaging n Regenerative agriculture n Biodiversity n Board and executive oversight n Diversity, equity and inclusion n Ethics and compliance n Hunger and food security n Regulatory compliance n Responsible marketing and labeling n Responsible sourcing n Talent management n Transparency n Waste n Water stewardship n Workplace safety n Animal welfare n Community giving and engagement n Deforestation n Human rights n Privacy and data security n Public policy List of issues for ESG issues assessment External survey Internal survey ESG issues assessment process ESG issues matrix Results of 2018 assessment Industry peers External disclosure frameworks Other stakeholder and consumer research General Mills leaders and experts Impact on General Mills’ performance/value General Mills’ impact on people, environment and economy HIGH MODERATE HIGH MODERATE Tier 3 issues Tier 1 issues Tier 2 issues TIER 1: Priority issues core to General Mills’ strategy and performance TIER 3: Issues of importance with focused strategies TIER 2: Significant issues to our business GENERAL MILLS GLOBAL RESPONSIBILITY 04