Introduction Environment Social Governance Appendix Over the last 25 years, we’ve worked hard to create long term value for our A letter from our co-CEOs stakeholders — in particular members, shareholders and the creative community. While we’ve made good progress, there’s still more to do. For example, most of our carbon emissions come from our productions, which At Netflix, we aspire to entertain the world — and to do so sustainably and require a lot of power — often in remote locations — and are still heavily responsibly. You can read the full details of how in our fourth fossil fuel dependent. But we’re investing in the technology innovations Environmental, Social and Corporate Governance (ESG) Report published today that can optimize and electrify this energy use tomorrow. today. But we wanted to highlight three areas upfront: We are excited about the great entertainment coming this year — from First, the environment: The next decade is critical if we’re to manage returning favorites like our Emmy award winning series The Crown climate change sustainably. It’s why Netflix has committed to halving our and recently released hit action sequel Extraction 2, starring Chris emissions by 2030. We will do this by optimizing our energy use, then Hemsworth, to must-watch new films and TV shows such as Heart of electrifying it and decarbonizing the rest. Stone, Rebel Moon, Griselda and 3 Body Problem. Our north stars remain the variety and quality of our entertainment — and, as always, we welcome Second, inclusion: Netflix is becoming more representative of the your feedback. members we serve. We now have offices in over 25 countries. Almost half of our employees are women and, in the US, 50% are from historically excluded ethnic and/or racial backgrounds. We’re also seeing increased representation on and off screen — with significantly more female directors and showrunners, and more people of color in leading roles. Third, governance: Our business model is well proven and Netflix is a leader in streaming entertainment in terms of engagement, revenue and profit. So we’re evolving to a more standard large-cap governance structure, including the phased declassification of our board, the elimination of supermajority voting provisions and changes to our executive compensation program from 2023 onwards. Ted Sarandos Greg Peters co-Chief Executive Officer co-Chief Executive Officer and President of the and President of the Company and Director Company and Director Netflix ESG Report 2022 3