13 The Hershey Company | 2021 ESG Report The Big Picture Our Company Cocoa Responsible Sourcing and Human Rights Environment Our People Youth Community About This Report Our Company Materiality We routinely conduct materiality assessments to ensure that Hershey focuses on the issues that are of greatest importance to our stakeholders and works effectively to meaningfully address them. Our latest materiality assessment was completed in 2020. Assessment Process We also recognize that investors and other stakeholders are interested in what Hershey Major Food safety We align our materiality methodology with the is doing on topics identified as material by Global Reporting Initiative (GRI) Standards. the Sustainability Accounting Standards Board Child labor Responsible This consists of interviews, surveys and (SASB). Our SASB report can be found on Forced sourcing workshops with key internal and external our website. Business operations and labor Climate stakeholders across our value chain, including supply chain resilience change Hershey managers across different functions, Workplace health and safety Ethical investors, NGOs, think tanks, suppliers and Stakeholder Engagement business industry associations. Our relationships and ongoing dialogue with Human rights Farmer The resulting findings identified a total stakeholders are an important part of our Deforestation livelihoods of 33 issues, which cover impacts to our people, Board’s ESG commitment. We engage in Ecosystems and biodiversity the planet and our business; with 11 being the continuous dialogue throughout the year Water Packaging most material: with NGOs, customers, investors, government Emerging regulation Racial and social injustice and plastics officials and other stakeholders to discuss for sustainability • Business operations and supply our ESG performance. Additionally, feedback Sustainable agriculture Diversity, equity and inclusion chain resilience from our employees is sourced via our Employee attraction, Nutrition Waste • Child labor Business Resource Groups (BRGs), Green retention and development and health Ingredients and product • Climate change Teams, surveys and ad hoc through direct Transparent Responsible marketing transparency engagement with the company’s Global policy and and labeling Women’s empowerment • Deforestation Sustainability team. We remain committed lobbying Energy • Farmer livelihoods to fostering transparent dialogue with Consumer expectations on sustainability • Food safety stakeholders as our ESG programs evolve. Animal welfare Labor relations • Forced labor Air pollution Supporting communities The future • Human rights Influence on stakeholder decisions and assessments of retail • Packaging and plastics Data protection • Responsible and ethical business and privacy • Responsible sourcing Please note that all 33 issues identified on the matrix are important and interconnected and should not be considered in isolation. For a full list of definitions for each of our Significant material topics, see pages 35 – 38 in our 2020 GRI Report. Significant Impact on economy, environment and society Major