Introduction Environment Social Governance Appendix Sustainability Strategy Sustainability in Our Operations and Value Chain Netting Remaining Emissions to Zero Sustainability in Storytelling Climate Risk OPPORTUNITIES Opportunity Type Description Time Horizon Business Strategy Resource Energy efficiency in our operations. Short Term Netflix conducts energy efficiency audits across our operations Efficiency and long term lease facilities in order to reduce energy costs and emissions from inefficiencies in our built environment. Learn more in our Sustainability in Our Operations and Value Chain section. Energy Optimization and electrification of our vehicle Short Term Netflix is exploring various ways to optimize fleet use with our Source fleet across our operations, productions and in suppliers and switching from fossil fueled transportation to EVs. our supply chain. EVs are more efficient and many models have lower total cost of ownership versus gas-powered vehicles. We anticipate that this integration of these practices and technologies will result in net cost and operational savings over the next decade. Learn more in our Sustainability in Our Operations and Value Chain section. Products and Supporting entertaining and Medium Term Learn more in our Sustainability in Storytelling section. Services scientifically-informed content that raises environmental awareness. METRICS AND TARGETS While the assessment was a useful exercise, the climate risks we identified were all mapped to risk mitigation strategies already in place Refer to our public climate targets and Scope 1, 2 and 3 or underway. The output of this climate risk assessment was also used greenhouse gas emissions data above. Measuring our performance as an input into our enterprise risk management (ERM) assessment. against these targets over time helps to inform our climate risk When evaluated using our ERM methodology, no standalone assessment process, in particular our transition risks. climate-related risks were identified as significant for the company. Netflix ESG Report 2022 35