Introduction Environment Social Governance Appendix Sustainability Strategy Sustainability in Our Operations and Value Chain Netting Remaining Emissions to Zero Sustainability in Storytelling Climate Risk Sustainability Strategy Our Public Climate Targets The science is clear — the next decade is critical if we are to Key is decarbonizing our operations and value chain, which manage climate change sustainably. In March of 2021, we set two includes the making of our films and series. To help us meet this near-term climate targets aligned with consensus climate science challenge, we created an advisory group, including scientists and that can be measured in years, not decades: other experts. This group is unpaid and entirely independent (full list available at sustainability.netflix.com). Reduce our emissions by roughly half by 2030; and Bring our remaining net emissions from 2022 onwards to zero, in support of global net zero goals, by investing in nature-based solutions that retain and capture carbon. When we first set our emissions targets, we aligned to the Science Based Targets Initiative (SBTi) standard for Scope 3 “supplier 5 engagement” targets . After working to improve our Scope 3 data, 6 we submitted an upgraded quantitative “intensity” target aligned to current SBTi standards for validation in 2022. The new target, which has now been approved by the SBTi, is to reduce Scope 3 emissions 7 55% per million USD of value added by 2030. 5 Netflix previously had a science-based target to engage 70% of suppliers to set their own science-based targets. 6 Netflix’s Intensity Scope 3 target was approved by SBTi on Feb 27, 2023 (see “Companies Taking Action” on the SBTi website). Our validated Scope 1 and 2 target remains unchanged from 2021. Netflix ESG Report 2022 10 7 “Value Added” is a term used by SBTi. For Netflix, this is synonymous with “Gross Profit,” derived from subtracting “Cost of Revenues” from “Total Revenue” for the business, per our public financial statements.