Introduction Environment Social Governance Appendix Sustainability Strategy Sustainability in Our Operations and Value Chain Netting Remaining Emissions to Zero Sustainability in Storytelling Climate Risk Alignment with ISO NetZero Guidelines Netflix’s Sustainability Strategy is music to our ears. We are Our sustainability strategy is aligned with the ISO Net Zero Guidelines (IWA 42:2022) developed by the International delighted to see Netflix apply the same positive disruption Organization for Standardization, which recently published a to sustainability that they’ve applied to their business, upping testimonial about Netflix. These guidelines, which are designed to the ambition for achieving near-term net zero targets and be universally applicable, were developed with input from over harnessing the power of storytelling to educate and 11 1,200 global experts from 100+ countries , and among other entertain citizens. criteria, require: Christiana Figueres, Emissions Reduction: Taking immediate action to maintain the climate at 1.5 degree celsius — i.e., approximately halving global Diplomat and Architect of the U.N. Paris Agreement emissions by the end of the decade and achieving global net zero by 2050 at the latest. Counterbalancing Residual Emissions: Investing in nature-based 12 solutions that retain and capture carbon from the atmosphere, The Carbon Trust, a respected think tank, found these ISO Net 13 proportional to a company's “residual” emissions . Learn more Zero Guidelines to be the most comprehensively aligned to to the about how we are aligned in our carbon credit investments here. goals of COP27. Wider Impact: Engage value chain stakeholders, collaborate and share knowledge, and participate in relevant advocacy on behalf of bringing global emissions to zero and promoting a just transition. Learn more about how we are aligned on the broader societal impact here. 11 Including participants from the Greenhouse Gas Protocol, SBTi, UN Framework Convention on Climate Change, and UN Race to Zero teams. 12 We are working with ISO to ensure understanding this element of their guidelines because of the limited volume of high quality carbon removal credits available today, and the IPCC’s latest report shows that the mitigation options with the greatest potential global contribution to net emission reduction by 2030 are “avoidance” projects. Netflix ESG Report 2022 13 12 The ISO Net Zero Guidelines define residual emissions as: Emissions that remain on an annual basis after all efforts to reduce along a 1.5 °C pathway within value-chain or boundary emissions have been implemented.