Introduction Environment Social Governance Appendix Sustainability Strategy Sustainability in Our Operations and Value Chain Netting Remaining Emissions to Zero Sustainability in Storytelling Climate Risk We approach these four levers using an OED framework — i.e., first Sustainability in optimizing energy use, then electrifying it and decarbonizing the rest. Our Operations ● Optimize (O): We are conducting energy efficiency audits, including for our stages, studios and offices, so we can optimize and Value Chain vehicle fleet operations, right-size vehicles and mobile power and give preference to more efficient equipment. Climate Transition Plan ● Electrify (E): We are working to electrify the equipment that uses the most fuel, like vehicles, buildings and generators. Where available, we use electric motors, which are more To meet these objectives we are focused on four key levers: efficient and because electricity is more easily decarbonized. We’ve successfully piloted the use of mobile batteries and Energy Efficiency: Identifying cost-effective efficiency hydrogen-battery powered generators in lieu of fossil-fuel improvements for energy used in our offices and studios; powered generators in our productions. And we are also replacing fossil-fuel vehicles with electric, plug-in hybrid and hybrid vehicles. Vehicle Electrification: Transitioning from vehicles that use fossil fuels to fully electric and/or hydrogen powered alternatives; ● Decarbonize (D): When optimization and electrification aren’t possible, we decarbonize the remaining emissions by installing Clean Mobile Power: Using alternatives to diesel generators on and purchasing renewable energy. This means matching productions; and renewable electricity to any grid-connected power that isn’t carbon-free and shifting to lower-carbon or zero-carbon fuel options when that isn’t possible. Last year, we procured Renewable Energy: Using renewable electricity and fuels. renewable electricity to match our global electricity demand and we’re exploring more direct investments. Netflix ESG Report 2022 13