Oversight Stakeholder engagement At General Mills, we engage with stakeholders to accelerate progress on social and environmental initiatives. Our approach includes open dialogue, collaboration and transparent disclosure. This strengthens our ability to balance business and societal interests; build robust relationships globally across sectors; and ultimately, identify innovative solutions that create shared, sustainable value. We are working to address shared issues — such as health and nutrition, racial equity, climate change and water stewardship — so collaboration is essential to achieving long-term, enduring progress. We work with other companies and organizations to shape standards across the consumer packaged goods industry, which elevates overall sector performance. We engage on issues that are material to our global responsibility strategy and where we can have a substantial positive impact. When engaging with stakeholders, we assess potential alignment on objectives, organizational expertise, capacity, influence and willingness to collaborate. For example, in May 2021 General Mills hosted our first-ever ESG investor event , held virtually. The event included a pre-recorded presentation as well as a live question-and-answer session with management. The engagement reached more than 300 attendees and highlighted the Force for Good pillar of the company’s Accelerate strategy, focusing on how General Mills is regenerating the planet, improving food security, strengthening communities and advancing inclusion among the company’s people and through its brands. The Global Impact Governance Committee, led by our Chairman and CEO and overseen by the Board’s Public Responsibility Committee, is accountable for our global responsibility programs. The Board’s Public Responsibility Committee provides extensive oversight and receives regular updates from the operating teams. Our Chairman and CEO convenes the Global Impact Governance Committee at least three times per year. The purpose of the Committee is to establish, direct and oversee General Mills’ position on matters of significance to the company and its stakeholders concerning corporate social responsibility, environmental and sustainability issues, and philanthropy. Additional details about leadership and governance related to specific global responsibility issues are included in relevant sections of this report. See Corporate Governance to learn more about the company’s broader corporate governance structures and processes, including its Public Responsibility Committee . r This graphic outlines governance and management of global responsibility focus areas at General Mills. Board of Directors’ Public Responsibility Committee Chief Strategy and Growth Officer Global Impact Governance Committee CEO, Chairman of the Board Chief Financial Officer Chief Supply Chain Officer Chief Innovation, Technology and Quality Officer Chief Strategy and Growth Officer Chief Human Resources Officer Group President, North American Retail Chief Communications Officer General Counsel and Secretary Chief Innovation, Technology and Quality Officer Chief Human Resources Officer Global Responsibility Focus Areas Global Impact (sustainability and philanthropy) Health and Nutrition Workplace CEO, Chairman of the Board v This graphic illustrates the range of issues on which we engage with stakeholders. Employees n COVID-19 response n Diversity and inclusion n Employee satisfaction n Training and development NGOs n Packaging n Biodiversity n Human rights n Soil health n Sustainable sourcing n Water stewardship Consumers n Consumer feedback/concerns n Education and responsible marketing n Product needs and preferences Industry associations n Food safety n Public policy n Regenerative agriculture n Sustainable sourcing Customers n Industry partnerships n Product innovation n Sustainability collaboration Suppliers n Animal welfare n Human rights n Regenerative agriculture n Sustainable sourcing Investors n Financial performance n Governance n Social and environmental issues n Sustainability Communites n COVID-19 response n Employee volunteerism n Food security n Racial equity Regulators and public policymakers n Climate change n Food security n Packaging n Water stewardship GENERAL MILLS GLOBAL RESPONSIBILITY 05
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