8 Environmental 2. OUR CARBON FOOTPRINT AND BOUNDARIES Our Carbon Footprint - In the past year, we measured our greenhouse gas (GHG) emissions, also known as carbon footprint, following the GHG Protocol for 2021 4 . Our Independent Accountants, Ernst & Young (EY), reviewed our 2021 Scope 1, 2 and 3 greenhouse gas emissions ( their report here ). This exercise helped us understand where our largest sources of emissions lie and the biggest opportunities we have to reduce them. Netflix’s footprint was 1.53 million metric tons (MTCO2e) in 2021, covering Scopes 1, 2, and 3. From 2020 to 2021, the Scope 1 footprint increased due to an increase in film and TV productions after 2020, a year where the Covid-19 pandemic resulted in delayed productions that were finished in 2021. We present the footprint and our target progress in three separate tables throughout this report: • Table 1: 2021 Greenhouse Gas Inventory below shows our 2019, 2020, and 2021, greenhouse gas corporate inventory per the WRI/WBCSD Corporate Greenhouse Gas Accounting Protocol. • Table 2: 2021 SBT Emission Reductions Summary Table (on page16) shows our quantified reductions from the range of measures we have put in place over the past 12 months to track progress towards our science-based target 5 . • Table 4: 2021 Carbon Credit Portfolio (on page 20) shows the carbon credits we purchased and retired in 2021. We reduced emissions through several measures in 2021 (e.g. using cleaner fuels or driving EVs instead of gas cars), and avoided future emissions by changing several areas of our operations that were dependent on fossil fuels (e.g. using natural gas heating systems instead of all electric heat pumps). The following table shows Netflix’s annual carbon footprint totals. We calculated these totals using market-based and location- based emissions accounting methods defined by the GHG Protocol Scope 2 Guidance. Location-based figures are calculated based on the emissions intensity of the locations where the electricity consumption occurs. The market-based method incorporates electricity procurement decisions that are chosen, including electricity supply from utilities and contractual instruments such as renewable energy certificates (RECs). 4 Netflix’s greenhouse gas (GHG) emissions reporting is consistent with the operational control approach as set out by the GHG Protocol Corporate Accounting and Reporting Standard: Revised Edition (2004). The organizational and operational boundary applies to the global company including its subsidiaries, the office and studio facilities we own and operate (e.g. Netflix Albuquerque Studios, USA) as well as facilities we lease from others but over which we have meaningful operational control (e.g. corporate and studio offices and stages). 5 There is no reporting guidance from the SBTi on tracking progress towards science based targets on an annual basis, so we use standard greenhouse gas accounting methodologies per the Corporate Accounting and Reporting Standard by The Greenhouse Gas Protocol. Our internal audit team validates our greenhouse gas accounting methodologies and we engage EY to perform limited assurance over our greenhouse gas emissions.