2 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 re 33 A Responsible Sourcing We and Human Rights 34 Human Rights Across Our Value Chain y rshe 38 Where We Source Our Ingredients e 39 Responsible Sourcing H 43 Our Progress Welcome to Our 48 3 The Big Picture E nvironment 80 Youth 2021 ESG Report 4 A Message From Michele Buck 49 Acting on Climate Change 81 The Heartwarming Project Hershey’s purpose is to “Make More Moments 5 Spotlight 2021 52 Employees Acting for Change 84 Our Shared Goodness Legacy — of Goodness” for our consumers for many 6 Our ESG Priorities 53 Making Progress on Packaging Milton Hershey School generations to come. Integral to achieving that 7 Progress Against Our Priority Goals 54 Protecting Water Supplies 85 Our Progress is our holistic sustainability strategy: our Shared 9 Awards and Recognition 55 Our Journey to Understand Goodness Promise. It guides how we empower Our Water Impact the remarkable people who make and sell our 86 brands, interact with farming communities 56 Innovating Waste Solutions Community 10 that grow our ingredients, deliver on our Our Company 57 Our Progress 87 Values With Impact — How Hershey commitments to consumers, customers and 11 Corporate Governance Makes a Difference external stakeholders, protect the environment 13 Materiality 88 Showing up for Our Communities and support children and youth. 62 Our People 2021 was a testament to the fortitude and 14 Our Snacks Portfolio 89 Being a Good Neighbor 15 Nutrition, Innovation, Choice 63 Stronger Together 90 A Culture of Giving Back perseverance of The Hershey Company, and Transparency 64 Keeping People Safe allowing us to ultimately thrive. We continued 92 Our Progress to deal with the global impacts of the COVID-19 16 Excellence in Food Safety 65 Providing a Caring Employee Experience pandemic and the need to address systemic 17 Marketing Responsibly 67 Accelerating DEI Efforts at Hershey racism in the U.S. This was the year we hit the 18 Staying Agile Through Change 68 2021: Living DEI at Hershey 93 About This Report ground running with ambitious new inclusion 69 More Pathways to JOIN goals. A majority of Hershey employees in 19 Our Progress manufacturing and retail roles continued 71 More Pathways to GROW to work in-person while our corporate staff 73 More Pathways to REACH OUT began a more hybrid approach. The ongoing 20 Cocoa 74 Our Progress need for flexible work environments for all 21 Cocoa For Good employees meant they needed more support than ever before. In addition, the economic 22 Deeply Committed to consequences of the pandemic made delivering Responsibly Sourcing Cocoa our supportive resiliency programs to cocoa 23 Accountability, Transparency communities more essential than ever. and Due Diligence in Cocoa We stepped up to every challenge, facing them 24 Working to Eliminate Child Labor with flexibility, adaptability, compassion and 26 Prevention Is the Priority resilience. As we overcame issues, we were 27 Lifting up Rural Livelihoods constantly reminded: we are stronger together. By putting people first and focusing on what 29 Fighting Deforestation matters most, we ended 2021 stronger and 31 Our Progress ready for the future.