leaving a positive legacy for our world Task Force on Climate-Related Financial Disclosures (TCFD) DISCLOSURE FOCUS AREA RECOMMENDED DISCLOSURE RESPONSE/REFERENCE Governance Disclose the organization’s governance around climate-related risks and opportunities. a) Describe the board’s oversight of climate-related risks and opportunities. Introduction > Corporate Governance > Board Oversight Supplemental Data > ESG Program Structure 2021 Proxy Statement > Corporate Governance > Board Role in Risk Oversight, pgs. 4-5 b) Describe management’s role in assessing and managing climate-related risks and opportunities. Our General Counsel, Chief Risk & Compliance Officer, who reports to the Chief Executive Officer, is the executive sponsor of our ESG program and works with a cross-functional team of experts, including representatives from Growth and Development/Energy Management, Supply Chain and Procurement, Finance, Corporate Strategy, and Legal, Risk & Governance. Supplemental Data > ESG Program Structure Strategy Disclose the actual and potential impacts of climate-related risks and opportunities on the organization’s businesses, strategy and financial planning. a) Describe the climate-related risks and opportunities the organization has identified over the short, medium, and long term. b) Describe the impact of climate-related risks and opportunities on the organization’s businesses, strategy, and financial planning. Ulta Beauty is committed to reducing our energy use and GHG emissions, as evidenced by a $2M investment retrofitting our energy management system and a $5.5M investment in lighting upgrades across 100 stores. Additionally, we purchase renewable energy credits, which in 2021 offset 16% of the company’s FY21 electricity usage. As Scope 3 emissions represent 95% of our footprint, we are exploring ways to reduce these upstream and downstream emissions, such as consolidating shipments, using EPA SmartWay-certified carriers and preparing to conduct due diligence with brand partners and other vendors to better understand their emissions. From a product perspective, aspects of our Conscious Beauty at Ulta Beauty™ initiative contribute to a reduction of the use of natural resources and associated carbon emissions. Learn More: Product > Conscious Beauty at Ulta Beauty™ Environment > Energy & Emissions; Water & Waste > Sending Less to Landfill c) Describe the potential impact of different scenarios, including a 2°C scenario, on the organization’s businesses, strategy, and financial planning. Ulta Beauty has not yet undertaken climate-related scenario analysis, but we anticipate conducting qualitative and/or quantitative analysis in the next two years. 2021 ESG Report 44 Supplemental Data Community Environment Product People Introduction