Colgate Palmolive Sustainability & Social Impact Report

2021 | 84 pages

2 0 2 1 SUSTAINABILITY AND SOCIAL IMPACT REPORT are reimagining a healthier future for all people, their pets and our planet.

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR CONTENTS STRATEGY HOMES ENVIRONMENT PAGE 02 PAGE 04 PAGE 06 PAGE 10 PAGE 16 Letter Letter 2025 Sustainability Sustainability from Noel from Ann Sustainability Management Governance Wallace Tracy & Social Impact P A G E Materiality P A G E About This P A G E Board of Strategy 11 Approach 14 Report 19 Directors P A G E Stakeholder P A G E Business 13 Engagement 20 Integrity PAGE 21 PAGE 41 PAGE 52 Driving Social Impact Helping MILlions of Homes Preserving Our Environment P A G E WE Inspire Our People P A G E Design Sustainable P A G E Eliminate P A G E Water 22 to Make a Difference 42 Products 53 Plastic Waste 72 Stewardship P A G E WE Create a More P A G E Build Sustainable P A G E Accelerate Action P A G E Drive Sustainable 32 Inclusive World 48 Habits for Life 57 on Climate Change 79 Sourcing P A G E WE Help Children, Their Families P A G E Foster Lifelong Relationships P A G E Lead with Zero 35 and Communities Thrive 50 Between Pets and People 70 Waste Facilities 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 01

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR A WELCOME STRATEGY HOMES ENVIRONMENT LETTER FROM NOEL WALLACE, Working at Colgate allows each of us to serve a purpose bigger than ourselves—to reimagine a healthier future for all people, their pets and our planet. This purpose is shared by Colgate People around the world CHAIRMAN, and it guides our ambitions to drive social impact by being a best-in-class employer and a responsible corporate citizen, to help people develop habits that improve their health and their homes, and to preserve PRESIDENT and enhance our environment. AND CEO Colgate People know that we have a unique opportunity to shape a better world. The Colgate brand is found in more homes than any other—more than 58% of households—which provides a world of opportunity for us to make a difference through innovation, education and partnership. Innovation to Achieve Breakthroughs Innovation can move the needle. Our first-of-its- across our product portfolio, you see large and reduce our use of plastic and cut plastic waste, kind recyclable toothpaste tube aims to make small reinvention: toothpaste tabs in metal tins, which is a top priority for our team. Innovating plastic tubes part of the circular economy, not just mouthwash in aluminum cans, just-add-water to find a better way has also helped us reduce for our toothpaste, but for all toothpaste tubes. We tablets for liquid hand soap and concentrated gels the energy we use in our operations by 37%, cut proudly support transparency and are working for dish liquid, toothbrushes with handles made greenhouse gas emissions by 38% and reduce our to educate consumers about our recyclable from bamboo or designed with replaceable brush use of water 52%, all since 2002. toothpaste tubes by inviting them to learn more at heads that use 80% less plastic than our similarly colgate.com/goodness. And everywhere you look sized toothbrushes. All of these changes help us 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 02

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Education to Rally Change And our new oral health literacy campaign to new infrastructure at scale. That partnership led empower people to Know Y to another benefit: it connected us with Algramo, our OQ™—to understand We know that about 80% of our environmental and improve their oral health quotient—calls which helped us experiment with a refillable model footprint occurs when people use and dispose out the links between oral health and overall for our Softsoap liquid hand soap. of our products, so we seek opportunities to health and well-being, so people take action for a encourage better habits. Our Save Water campaign healthier future. To conclude, our purpose to reimagine a healthier encouraging people to turn off the tap when future for all brings extra meaning to our work for brushing has contributed to the avoidance of Partnership to Power Progress sustainability and social impact. Innovation is key approximately 206 billion gallons of water since to our progress, education is essential for building 2016, plus 10.8M metric tons of greenhouse gas The world’s challenges are daunting, and no momentum for change and partnership makes emissions from the energy needed to treat, heat company can go it alone. So while innovation and both far more powerful. I invite you to review our and pump water. And recently, when we introduced education are two ways we get things done, it's progress and plans in the pages of this report. our breakthrough recyclable toothpaste tube under partnership that amplifies their impact. Examples the Colgate brand in the U.S., we included a bold are many. The reach of BSBF in 80+ countries is "Recycle Me!" message to build awareness among only possible through partnership with schools, consumers, and begin changing their behavior. retailers, dental professionals and others. Our decision back in 2019 to share our recyclable tube We also know that education holds a key to better technology encouraged the transition for other ed over 1.4 billion children toothpaste companies. And to advance recycling, we health. We’ve reach and their families with our Bright Smiles, Bright joined eight other companies as original investors Noel Wallace Futures® (BSBF) oral health education program. in funds with the Closed Loop Partners to support CHAIRMAN, PRESIDENT AND CHIEF EXECUTIVE OFFICER 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 03

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR A WELCOME STRATEGY HOMES ENVIRONMENT LETTER FROM ANN TRACY, Post the 2021 United Nations Climate Change Conference (COP26), my four Gen Z kids still say that our CHIEF planet is in trouble, and they’re still counting on us to do something about it. Young people—and increasingly consumers of all We are focused on innovating our packaging homes through our Hill’s Food, Shelter & Love™ SUSTAINABILITY ages—expect the companies they support to take to use more recycled plastic, less plastic or no program. We invite you to learn more about our on the burning issues of the day: climate change, plastic at all as we work toward our target to have progress towards our 2025 Sustainability & Social plastic waste and water scarcity, as well as health, 100% recyclable, reusable or compostable plastic Impact Strategy through this newly designed OFFICER education and diversity, equity and inclusion. At packaging by 2025. A great example is the progress interactive report. Colgate-Palmolive, we are focused on solving big we have made to implement the first tube to be problems. We are proud that our Colgate brand is in recognized by external recycling authorities as While we are proud of our progress so far, we more homes than any other, and tackling these issues recyclable across all of our toothpaste brands. Part recognize there is much more work to be done. And starts at home. We see that as our superpower, and of our mission is to educate consumers about our this work cannot be done without collaboration with we have a big responsibility to use our global reach recyclable toothpaste tubes, encouraging them to our consumers, suppliers, retailers, communities to help the people who buy and use our products live check locally since their community may not yet and, most importantly, Colgate People. We are more healthy and sustainable lives. accept tubes for recycling and inviting them to learn working to fully embed sustainability into our growth more on our website. We are also excited to hear strategy and across all facets of our business. We are pleased to report our progress in 2021, that other major brands have pledged to move to Together we will tackle these problems and inspire the first year of our 2025 Sustainability & Social a recyclable tube by 2025 so that approximately people to live more sustainably. Together, we will Impact Strategy. Our Strategy consists of three 75% of the 20 billion tubes will become recyclable. smile, because we are reimagining a healthier future Key Ambitions with 11 actions and associated We’re working with our suppliers to ensure we have for all people, their pets and our planet. measurable targets. These actions are designed strong responsible sourcing programs in place, to manage both risks and opportunities for our helping to reduce emissions and water use in our . business and to bring our purpose to life: WE are value chain. Finally, in the communities where we Colgate, a caring, innovative growth company live and work, we have reached over 1.4 billion reimagining a healthier future for all people, their children and their families with our Bright Smiles, Ann Tracy pets and our planet. Bright Futures® oral health education program and CHIEF SUSTAINABILITY OFFICER helped to find over 12 million shelter pets forever 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 04

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR SUSTAINABILITY STRATEGY HOMES ENVIRONMENT & SOCIAL IMPACT STRATEGY $17.4B Worldwide Net Sales in 2021; products MORE THAN 12M pet adoptions through Hill’s Food, HIGHLIGHTS marketed in over 200 countries Shelter & Love™ program since 2002 $301M REACHED children and their 206B GALLONS Rolling out the first-of-its-kind families with oral recyclable toothpaste tube and shared invested in 1,500 energy OVER 1.4B health education of water saved and 10.8 million metric tons the technology at over 50 sessions saving projects since 2011 since 1991 of CO2e avoided from Save Water campaign TARGETING NET ZERO 100% RENEWABLE REACHED MORE THAN 500,000 carbon emissions across our value chain by 2040 energy target by 2030 people in communities, schools and clinics to gain access to safe water services 27 LEED About Colgate-Palmolive certifications globally Colgate-Palmolive Company (together with our subsidiaries, “we,” “us” “our” the “Company” or “Colgate”) is a caring, innovative growth company reimagining a healthier future for all people, their pets and our planet. We seek to deliver sustainable, profitable growth and superior shareholder returns, as well as to provide Colgate People with an innovative and inclusive work environment. We do this by developing and selling products globally that make people’s and their pets’ lives healthier and more enjoyable and by embracing our sustainability and social impact and diversity, equity and inclusion (DE&I) strategies across our organization. 26 TRUE ZERO WASTE We operate in more than 80 countries, and our products are marketed in more than 200 countries and territories. As of December 31, 2021, we had approximately 33,800 employees based in over 100 countries. Headquartered in New York City, Colgate operates through two product segments: Oral, Personal and Home Care and Hill's Pet certified facilities globally across 5 continents Nutrition, and six divisions around the world: North America, Latin America, Europe, Asia Pacific, Africa/Eurasia and Hill’s Pet Nutrition. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 05

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT SUSTAINABILITY STRATEGY 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 06

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT COLGATE’S 2025 SUSTAINABILITY & SOCIAL IMPACT STRATEGY With the Colgate brand in more homes than any other, we are presented with great opportunities and new challenges as we work to integrate sustainability into all aspects of our business and create positive social impact. We are determined to position ourselves for further growth as we act on our 2025 Sustainability & Social Impact Strategy, based on our three Key Ambitions: Driving Social Impact: Helping Millions of Homes: Preserving Our Environment: We are committed to helping to ensure the well- We are empowering people to develop healthier We are accelerating action on climate change and being of all people and their pets, building an habits by choosing sustainable products that reducing our environmental footprint, working with equitable and inclusive culture and creating improve their lives and homes, from oral and our partners and operations to eliminate waste, meaningful opportunities for all people to succeed personal care to pet nutrition and home care. decrease plastic usage, save water and conserve inside and outside of Colgate. natural resources. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 07

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT For each Key Ambition, we have a set of dedicated actions and targets: DRIVING SOCIAL IMPACT WE Inspire Our People WE Create a More WE Help Children, Their Families to Make a Difference: Inclusive World: and Communities Thrive: We motivate and enable our people to reach their We will ensure all Colgate People feel they belong We advance the health and well-being of children, full potential and perform at their best every day by and are supported to achieve their potential. We their families and communities by investing in valuing people for their contributions and sharing will drive representation across all organizational innovations that empower them for healthy and in the success we create together. levels with a focused, consistent effort and a goal to bright futures. achieve parity with labor force availability. HELPING MILLIONS OF HOMES Design Sustainable Build Sustainable Foster Lifelong Relationships Products: Habits for Life: Between Pets and People: We will innovate our products to help our We will help people build more sustainable habits We want to help every pet find a forever home consumers live more sustainable lives. We intend by offering better products, information choices and by supporting our global shelter partners with to improve the environmental footprint of all education. Our target is to provide 100% ingredient resources and premium nutrition. Our ambitious products we market and develop. transparency, promote water conservation goal is to find adoption homes for 15 million shelter awareness with messaging to 100% of our global pets through the Hill's Pet Nutrition Food, Shelter & consumers and guide consumers on recycling for Love™ program. 100% of our products in all markets. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 08

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT PRESERVING OUR ENVIRONMENT Eliminate Plastic Waste: Accelerate Action on Climate Change: Lead with Zero Waste Facilities: We will design and deliver zero plastic waste We've targeted Net Zero carbon emissions across We will operate high-efficiency, low-impact, zero solutions for Colgate-Palmolive products. We aim our growing business, including our own operations, waste facilities and achieve 100% zero waste to eliminate one third of our new plastics and suppliers and consumers. Our goal is to achieve Net operations. achieve 100% recyclable, reusable or compostable Zero carbon by 2040 and 100% renewable electricity plastic packaging by 2025. for our global operations by 2030. Water Stewardship: Drive Sustainable Sourcing: We will work for water resilience across our value chain, protecting ecosystems and supporting water access. We will engage all of our key suppliers in order to Our goal is to achieve Net Zero water at our manufacturing sites in water-stressed areas by 2025 and across all support our goal to source sustainably and strive for sites by 2030. Net Zero deforestation, prioritizing palm and soy. Sustainability Bond To further our ambitious 2025 Sustainability & Social Impact Strategy, in November 2021, we issued EUR 500 million of eight-year notes at a fixed coupon rate of 0.300% (the Sustainability Bond). We will allocate an amount equal to the net proceeds from the Sustainability Bond to finance or refinance, in part or in full, new and existing projects and programs with distinct environmental and/or social benefits, as described in our Sustainable Financing Framework available on our website. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 09

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT SUSTAINABILITY MANAGEMENT 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 10

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT SUSTAINABILITY MANAGEMENT Materiality Approach To assess Colgate’s sustainability performance, we had First, we examined a large number of internal and external sources for information regarding to first develop a framework upon which to judge our sustainability practices, including the United Nations Sustainable Development Goals (UNSDGs), Global progress. This process began in 2019, when we conducted Reporting Initiative (GRI), United Nations Global Compact (UNGC, as a LEAD company), Sustainability Accounting Standards Board (SASB), Task Force on Climate-related Financial Disclosures (TCFD) a Sustainability Impact Assessment, also known as a and Environmental, Social and Governance rating tools such as S&P Global, Corporate Sustainability materiality analysis. Assessment (CSA), CDP, Institutional Shareholder Services (ISS), JUST Capital, Sustainalytics and Morgan Stanley Capital International (MSCI), ESG Ratings, in addition to peer-reviewed scientific research, industry reports, consumer insights data and employee feedback. We then assessed the interrelations between these sustainability-related topics and our business through the lenses of risks and opportunities. We also asked our employees where Colgate could make We received nearly 8,000 responses the biggest impact, held in-depth interviews with Colgate subject matter experts, function leads and senior leaders to align our findings with business priorities and analyzed data from our consumers to from employees in over 100 countries. identify trends in the market. We received nearly 8,000 responses from employees in over 100 countries. The result was the initial "Sustainability Impact Matrix" presented here, updated for 2021 and aligned with our 2025 Sustainability & Social Impact Strategy. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 11

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Sustainability Impact Matrix The matrix highlights our key sustainability issues, and demonstrate our commitment to responsible categorized by the impact on our stakeholders and business practices. Additional detail on each of the our business and aligned with the three Key Ambitions issues and our actions to address them is provided of our 2025 Sustainability & Social Impact Strategy: throughout the content of the website. Driving Social Impact, Helping Millions of Homes and Preserving Our Environment. These issues also The “materiality” thresholds of the guidelines intersect with the following GRI Standards and define and disclosure frameworks that help inform the the content of this report: Economic Performance, sustainability risks and opportunities disclosed in Materials, Energy, Water, Emissions, Eﬄuents and this sustainability and social impact report may Waste, Products and Services, Compliance, Transport, differ from the concept of “materiality” (as defined T C Environmental Health and Safety, Training and A by the U.S. federal securities laws or the rules and MP Education, Diversity and Equal Opportunity, Local I regulations of the U.S. Securities and Exchange ER Communities, Public Policy and Service Labeling. D Commission (SEC)) that guides our disclosure of L O sustainability matters in our SEC filings, including EH K A Colgate is managing risks and opportunities related in our Annual Report on Form 10-K. Consequently, T S to these issues through the implementation of the use of the term “material” in this report should our 2025 Sustainability & Social Impact Strategy. not be interpreted in the same manner as the use Through our Enterprise Risk Management process, of “material” in our SEC filings, including in Item 1A, we focus on sustainability as a critical risk, “Risk Factors” in our Annual Report on Form 10-K. including the environmental and social impact risk of plastic waste, climate change and water scarcity and access, as well as on deforestation. These BUSINESS IMPACT same issues also provide an opportunity to drive innovation and growth, strengthen brand reputation 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 12

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Stakeholders Method of Engagement Non-governmental associations Direct inquiries and feedback on an ongoing basis, virtual and in-person meetings, participation in boards, advisory councils and partnership programs and reporting and disclosure expectations. Industry trade associations Ongoing participation in sustainability steering and working groups. Local communities and Direct inquiries and feedback, virtual and in-person meetings and engagement with local communities and schools, including through our Bright Smiles, Bright Futures oral health community groups education program. Media Direct inquiries and feedback. About This Report We recognize that transparency is important, and thus, this report provides sustainability information relevant to a broad range of stakeholders, including consumers, customers, investors, non-governmental organizations (NGOs) and our own employees. We acknowledge the importance of data verification and obtain third-party assurance for our primary environmental and social key performance indicators (KPIs): percentage of products with an improved sustainability profile, number of TRUE Zero Waste certified sites, manufacturing carbon reduction per ton (of production), manufacturing energy reduction per ton (of production), manufacturing water consumption per ton (of production), waste-to-landfill per ton (of production), outbound logistics carbon per ton (of goods shipped), number of hours worked, number of lost-time incidents, number of recordable incidents and number of occupational fatalities. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 14

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Unless otherwise indicated, this report includes dollars. The report provides data for Colgate’s For inquiries, please visit Colgate’s Consumer environmental, health and safety (EHS) data from fiscal year 2021 along with historical information Affairs site at www.colgate palmolive.com. 100% of our manufacturing sites and technology and more recent updates where indicated. We centers around the world, but does not include data issue our report on an annual basis; our previous In an effort to address stakeholders’ informational (1) from contract manufacturers. Certain information report focused on fiscal year 2020. demands, we are publishing our first report aligned relates to our broader value chain. Supplier with the Task Force on Climate-related Financial Responsible Sourcing Assessment program This report has been prepared in accordance with Disclosures Report (TCFD) recommendations data includes selected contract manufacturers, the GRI Standards: Core option. The alignment and our first report aligned to the Sustainability warehouses and suppliers; our greenhouse gas of this year’s report to the GRI framework can Accounting Standards Board (SASB) standards. and water footprints include additional data from be found in our GRI Content Index. There are no These reports are or will be made available on upstream and downstream in our value chain; significant changes in the scope of our report or the our website. and progress on our Policy on No Deforestation key sustainability issues identified. Please see our includes selected suppliers. Financial information 2021 GRI Content Index for more details. is presented on a consolidated basis and in U.S. Cautionary Statement on Forward-Looking Statements All statements in this report that are not historical, including targets for and projections for future results, the expected achievement and effect of our sustainability strategies and initiatives, including our 2025 Sustainability & Social Impact Strategy, and the amounts and timing of their expected impact are “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and the rules, regulations and releases of the U.S. Securities and Exchange Commission (SEC). Forward- looking statements generally can be identified by words such as “believes,” “expects,” “estimates,” “intends,” “plans,” “strives,” “may,” “could,” “projects,” “should,” “will,” “continue,” “targets” and other similar expressions, and are based on management’s views and assumptions as of the date they were made. This report is issued as of April (1) Although we do not include the local operating 18, 2022 and except as required by law, we undertake no obligation to update these statements as a result of new information and we make no representation, express or results of our subsidiaries in Venezuela and implied, that the information is still accurate or complete. We caution that such forward-looking statements are not guarantees of future performance and that actual events Pakistan in our Consolidated Financial Statements, or results may differ materially from these statements due to a number of factors. Information about factors that could impact our business and cause actual results to vary, data from these locations are included in the calculations in this report. Our EltaMD, Filorga, possibly materially, from these forward-looking statements, can be found in this report and in our filings with the SEC, including the information set forth under the captions hello and PCA SKIN businesses are not included in “Risk Factors” and “Cautionary Statement on Forward-Looking Statements” in Colgate’s Annual Report on Form 10-K for the year ended December 31, 2021 for the year ended calculations referenced throughout this report, but December 31, 2021 and subsequent Quarterly Reports on Form 10-Q. are consolidated for financial reporting purposes after their respective date of acquisition. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 15

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT SUSTAINABILITY GOVERNANCE 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 16

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT SUSTAINABILITY GOVERNANCE We view sustainability as critically important to our overall and Net Zero Carbon Transition roadmap covering Scope 1, 2, and 3 greenhouse gas (GHG) emissions. Our CSO also helps shape th business and growth strategy. We have a team of people e Company’s supply chain strategy, which may be impacted by climate-related responsible for assessing and monitoring sustainability issues, issues. Colgate’s CSO is responsible for providing our Board of Directors (Board), through the Nominating, Governance and Corporate Responsibility Committee (NGCR Committee), with quarterly updates on led by our Group President, Growth and Strategy, a member sustainability issues, risks and opportunities, including our progress against our science-based climate of our leadership team who reports to our Chairman of the targets and other action plans to achieve our sustainability objectives. Board, President and CEO, and our Chief Sustainability Officer (CSO), who reports to our Chief Supply Chain Officer and has Our CSO also leads our Sustainability Steering Committee, which makes strategic decisions related to accountability to our Group President, Growth and Strategy. sustainability, monitors climate-related issues and works to integrate our sustainability and social impact strategy into our broader organization and to measure and meet our sustainability targets and key performance indicators (KPIs). The Sustainability Steering Committee meets quarterly and is composed of members of senior management, including Colgate’s Chief of Staff, Group President, Growth and Strategy, Chief Financial Officer, Chief Legal Officer and Secretary, CSO, Chief Technology Officer, Chief Human Resources Officer, Chief Communications Officer, Chief Supply Chain Officer and Chief Investor Relations This team has responsibility for our overall 2025 Sustainability & Social Impact Strategy and Officer and SVP, Mergers & Acquisitions. The members of the Sustainability Steering Committee were monitors progress against our sustainability targets, including our science-based targets related chosen due to their broad expertise and insight into every function of Colgate’s business. The Sustainability to climate change. Within our CSO’s team, the Worldwide Director of Global Sustainability Fellow Steering Committee has reviewed our climate strategy and is informed of our progress against our is responsible for our climate strategy and leads the planning and execution of our Climate Action sustainability goals, including our science-based targets related to climate change. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 17

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Our sustainability efforts span all aspects of our business, including supply chain, research and development, marketing, innovation, customer development and people development. Networks of senior leaders in each division and local champions support on-the-ground sustainability efforts, communications and reporting. Our ESG Moreover, to integrate sustainability tracking and disclosures into our business strategy, operations and employee review process, our global sustainability initiatives are among the individual objectives used to determine the compensation for many of our senior managers, including the CSO. The incentive compensation Reporting Task of many of our managers (e.g., CSO, Chief Procurement Officer, facility managers, energy managers, sustainability managers) is determined, in part, by the degree of our achievement against our sustainability goals, including climate-related initiatives. Force was Our Enterprise Risk Management (ERM) Committee, which includes Colgate’s Chairman, President and CEO, Chief Financial Officer, Chief Human Resources Officer, CSO, Chief Investor Relations Officer and SVP, Mergers & Acquisitions, Chief Legal Officer and Secretary, Chief Supply Chain Officer, Vice President and Corporate formed in 2021 Treasurer and other members of Colgate’s senior management, monitors current and emerging risks facing our Company and has identified sustainability, including as it relates to climate change, as a critical risk facing the Company. Risks identified by the ERM Committee are assigned risk sponsors who are responsible for to address overseeing the management of the risk and reporting back to the ERM Committee on the risk landscape and the Company’s mitigation efforts. The Group President, Growth and Strategy is the risk sponsor for sustainability risk, including as it relates to climate change. ERM Committee members provide the Board and its the increasing committees with regular updates on risks facing the Company. Our ESG Reporting Task Force was formed in 2021 to address the increasing demands for additional ESG disclosure from our stakeholders. Through the ESG demands for Reporting Task Force, management is kept abreast of climate disclosure-related issues to guide the Company on its ESG reporting. The ESG Task Force is composed of representatives from the Company’s investor relations, legal, supply chain, sustainability and finance functions. The ESG Reporting Task Force’s sponsors include additional ESG the Company’s Chief of Staff, Group President, Growth and Strategy, Chief Financial Officer, Chief Legal Officer and Secretary, Chief Investor Relations Officer and SVP, Mergers & Acquisitions, Vice President and Assistant Controller and CSO, all of whom serve on the Sustainability Steering Committee. The ESG Reporting Task disclosure Force meets on an as-needed basis and meets with the sponsors quarterly. from our stakeholders. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 18

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Board of Directors Our Board of Directors (Board) views sustainability as being critically important to Nominating, Governance and Corporate Responsibility Committee Colgate’s overall business and growth strategy and our Board plays an essential role in Within our Board, the NGCR Committee has from management on sustainability matters, guiding and overseeing that strategy. Our Board was deeply involved in the development responsibility for overseeing our sustainability risks and opportunities, including our actions to of our strategic plan and received detailed briefings throughout the year on critical program, including our 2025 Sustainability & Social preserve the environment and accelerate action on aspects of its implementation. As we work to integrate sustainability into all aspects of Impact Strategy, while the Personnel & Organization climate change. The NGCR Committee is scheduled our business, our Board addresses sustainability in their oversight of the implementation Committee has responsibility for overseeing our to meet quarterly and a sustainability-related of Colgate’s strategic plan, annual budget, capital expenditures, capital structure and workplace and human rights practices, including topic is typically presented and discussed at each innovation plans and is kept abreast about the Company’s sustainability efforts during diversity and inclusion and equal opportunity scheduled meeting. It is management’s intention reviews of our operating divisions and functions, product categories and competitive and initiatives. The NGCR Committee was reconstituted to provide the Board, through the NGCR Committee, marketplace trends. In further recognition of the importance of ESG matters to Colgate’s and renamed in 2020 to heighten the Board’s focus with the highlights of our progress against the continued success, the Personnel & Organization Committee of the Board has determined on sustainability (including climate change), social targets within our 2025 Sustainability & Social to add performance measures to the 2022 annual incentive program tied to Colgate’s responsibility and corporate citizenship matters. Impact Strategy on at least an annual basis. sustainability and diversity, equity and inclusion progress. The NGCR Committee receives regular updates Audit Committee In addition, our Board is kept abreast of sustainability risks through the Audit Committee, which oversees the Company’s enterprise risk management and the implementation of appropriate risk monitoring and management systems. In this capacity, the Audit Committee receives regular updates from members of the Company’s ERM Committee (as discussed in further detail above), which has identified sustainability as a critical risk facing the Company. Please visit Colgate’s Policy Statements for a complete listing of Colgate’s policies. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 19

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT DRIVING SOCIAL IMPACT 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 21

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT DRIVING SOCIAL IMPACT We are committed to ensuring the well-being of those we serve, building a culture of inclusivity and creating meaningful Inspire Our People opportunities for all people to succeed inside and outside of Colgate. to Make a Difference Employee Development We are committed to Colgate having Maximizing Our Human Potential An important element of our strategy is to provide an innovative, equitable and inclusive environment that a diverse, equitable and inclusive attracts the very best employees and enables them to maximize their potential. We are working to achieve this in several ways. First and foremost, we are committed to Colgate having a diverse, equitable and inclusive workplace and culture. We are convinced that such an environment is a necessary precondition for workplace and culture. creativity, engagement and productivity. In addition, we must sharpen our team’s focus, empower them to take initiative and experiment, and provide them with the technical skills needed in our increasingly digital workplace and world. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 22

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Attracting Top Talent Promoting a Learning Mindset We believe our people are crucial to our ongoing business success, so we aim to recruit, develop Our learning strategy has four primary components: that address leadership, as well as technical and retain strong and diverse talent. A key tool for this is our presence and visibility on social fostering a continuous learning environment, skills that equip them to succeed in our fast- media platforms, where potential employees learn about Colgate and find opportunities they upskilling our team, focusing on digital tools and moving, collaborative and diverse environment. seek to pursue. Our social media framework strengthens Colgate’s employer branding and digital approaches and using data rigorously to measure An important element of this system is learning presence, which results in a healthy candidate pipeline. In 2021, more than two million people results. By focusing on these four pillars, our communities, where our team can share learnings visited our career site. team is equipped to address the challenges of a and collaborate with each other on their development. global customer base, integrate new technologies Once potential employees engage with us, we can demonstrate that not only do we offer good into their everyday work and track the results of In 2017, we launched our learning portal, MindSpark, employment, fair compensation and advancement opportunities, but also that our diverse our efforts, ensuring that we address the most where team members access a wide variety of backgrounds enable us to respond in an authentic manner to candidates’ interests and aspirations. important issues. content, including leadership and functional content, This holistic engagement, paired with our dedication to diversity in gender and ethnic recruitment, with curated elements designed to broaden their ensures that we hire talented people who will drive innovation at Colgate and reflect the Building the capabilities of our team so they can learning horizons. The most-used learning content communities in which we live and work. perform well in their day-to-day work, drive covers skills such as Digital, Digital Commerce, business objectives and develop personally is Analytics, Leadership, Diversity & Inclusion and a top priority. We do this by offering a portfolio Ethical Behavior. of innovative and blended learning solutions Measuring Our Progress We regularly measure the impact of our learning efforts. Since 2020, we have collected data from more than 45,000 surveys, including surveys on pre- and post-application of learning experiences. The average Net Promoter Score (NPS) of all Colgate courses has consistently exceeded the industry average of 63%. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 23

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Focusing on Digital IQ Recognition for Our Efforts The approach to digital capability building started with a digital maturity study that allowed us to In 2021, we continued to be recognized for our training programs. We earned nine awards, including two understand the stage of digital maturity of Colgate relative to other companies and confirmed areas Gold medals, three Silver medals, and four Bronze medals, from the Brandon Hall Group, which recognizes of our strategy that needed capability development. In 2021, we conducted a Digital IQ assessment organizations that have successfully deployed learning programs with measurable results. The Gold with 3,000 digital practitioners that gave us visibility into the specific skill areas that needed to medals were in the categories of Best Advance in Learning Technology (for our ATLAS program) and Best be addressed and allowed for the formulation of tailored regional plans and personalized skill Learning Innovation for our curriculum on Selling and Negotiation Skills. plans for our employees. The upskilling initiative included broad scale (all salaried and clerical employees) and multi-level approaches, from experiential C-suite sessions to hands-on practical boot camps for digital practitioners. The learning continues with access to ongoing curated digital learning content provided through MindSpark by leading digital providers, such as Dot Native and Circus Street. Based on this approach, learners are awarded badges and certificates for lessons attended. We established an upskilling regimen for our teams in 2021 and made meaningful progress in our digital upskilling efforts, surpassing our training goal by 10% (based on the number of people successfully upskilled). Another element of our focus on digital content is an in-application digital adoption platform (WalkMe) for our customer development teams, a module of their business planning tool ATLAS. ATLAS is a platform to effectively plan, monitor and analyze volume and investment to drive real- time decision-making and deliver profitable revenue growth. WalkMe is an embedded learning application that maximizes and accelerates the impact of a digital transformation strategy by driving user adoption of digital applications and tools. Using the WalkMe tool, we were able to reduce training time from three days of live workshops and 11.5 hours of e-learnings to just three hours of virtual training supplemented by optional “drop-in” sessions. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 24

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Building a Coaching Culture Engaging Employees Ongoing coaching is a key element of our performance management process. In 2021, we Colgate Connect is our global survey to assess deployed surveys to all employees, including in our continued our partnership with BetterUp, a leading provider of virtual coaching. BetterUp key drivers of employee engagement. We also use manufacturing plants, to listen and adjust what we provided 495 Colgate leaders with personalized leadership training to accelerate their individual shorter pulse surveys to gather more targeted and were doing in response to the pandemic. We have effectiveness and development. Not only do the participants experience high-quality coaching, timely data at various moments of the employee used the results from these surveys to amend our they, in many cases, become champions of coaching within Colgate. journey—at the completion of the recruitment approach to hybrid- and remote-working scenarios process, during the onboarding process and when and to guide our employees as they navigate the In 2021, we continued offering the global learning program “Becoming a People Manager” that leaving Colgate—to engage people and improve new working paradigm. We plan to deploy another we launched in 2020. 187 new people managers completed the program, and we are committed employee experience. Colgate Connect survey in 2022. to having all new and existing Colgate People managers participate and leverage this learning content to enable their teams to reach their full potential and perform at their best. This data has proven to be extremely valuable. From the 2018 Colgate Connect survey, we learned Our ongoing Colgate Leadership Challenge for talented, early-in-career employees provides that our people wanted to learn more about career participants with exposure and interaction with senior management, a greater understanding opportunities at Colgate. Our European team and connection to the global organization, personal leadership skills training and an opportunity to took the lead and used design thinking to create work on an important strategic issue for the business. the “Build Your Best Future” program, which we activated globally in 2020 and continued this past year. During the COVID-19 pandemic, we 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 25

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Employee Health and Wellness At Colgate, holistic well-being is an organizational priority. We want our people to bring The well-being of our approximately 33,800 washing, contract tracing, enhanced cleaning their best selves to work, every day. It is a key component of our 2025 Sustainability & employees demands both a macro and micro view. procedures, respiratory hygiene and education. We Social Impact Strategy and an expression of living our Company’s purpose as a caring, We are building a supportive culture and a suite of have instituted virtual tours of our manufacturing innovative growth company reimagining a healthier future for all people, their pets and meaningful programs and services that addresses facilities to ensure they have continued to adhere to our planet. the diverse needs of Colgate People, while COVID-19 health and safety protocols. creating individual solutions to unique situations. Unfortunately, the COVID-19 pandemic continues to We also engaged in community outreach to educate challenge us. employees and their families about the dangers of COVID-19. We provided kits to improve their During the COVID-19 pandemic, the health, safety, packed with hand sanitizer, rapid tests safety and well-being of our employees and their and more. Through our vaccination education and families has been and remains our first priority. awareness programs, we identified regions with We have implemented additional health and higher vaccination hesitancy and targeted medical safety measures consistent with government professionals in those locations to communicate recommendations and/or requirements to help the health benefits of vaccines. For areas with less We want our people to bring their best ensure employee safety in our offices, production access to vaccinations, we worked with external facilities, warehouses and technology centers. groups, such as International SOS, for outreach. selves to work, every day. These measures may include: health and temperature screening, social distancing and personal protective equipment protocols, hand 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 26

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Encouraging Holistic Well-being At Colgate, our perception of well-being goes beyond physical health. It is a core component of our This work encompasses hundreds of efforts across our business and communities. One important component workforce strategy, and is seen as a key influence in attaining business goals. For our people to of this work is our annual Live Better campaign. This encourages our employees to focus on their overall well- bring their best selves to work each day, we must meet their needs across multiple, interdependent being and the well-being of their loved ones. dimensions of well-being. As an employer, Colgate plays a key role in making that happen by supporting (among other things): Live Better • Physical well-being: providing access to comprehensive health care, safety programs, ysical activity opportunities. The Live Better campaign is designed to get people to engage and participate in their own well-being, be nutritious food and ph it physical, financial or emotional. The program has a global architecture, but we encourage our people to • Emotional well-being: supporting a positive sense of self, life/work balance, emotional make it their own to accommodate regional differences. resilience and coping skills and access to mental health care and counseling. To that end, Colgate requires each location to have In the spring of 2022, we will be holding a Global • Social well-being: fostering social connections with colleagues in an inclusive environment. an Employee Assistance Program, a service with Mental Wellness Summit, bringing together dozens counselors and access to direct advice. The Company of our HR and benefits professionals for two • Purpose well-being: ensuring one’s work feels meaningful and important, goal-setting provides global assistance, yet encourages regions days to share our learnings both internally and exercises, many learning opportunities and recognition throughout the year. to have local assistance as well. Educational externally and to plan our ongoing efforts to care materials are available in local languages, and for our employees in this important space. • Inclusive well-being: offering same-sex partner benefits and parental leave. while that can be helpful, nothing is better than a human to turn to when you are in need. • Financial well-being: providing appropriate compensation, supporting retirement planning and offering guidance to manage financial challenges and changes, such as childcare, college expenses, disability, care for aging parents and relocation. Financial Well-being • Environmental well-being: contributing to local communities where we work and live and We offer webinars and other formal education on financial wellness, and we also provide access to financial supporting initiatives toward healthier futures for all people, their pets and our planet. consultants for employees who may need advice on their individual needs. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 27

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Environment, Health and Safety Colgate’s value of Caring is aligned with our EHS Guiding Principles to ensure that we handwashing, respiratory hygiene and cleaning We continue to maintain a robust EHS Management protect the health and safety of all our employees and any individuals who access our and disinfection. We have modified and will System and EHS Global Standards. The EHS sites, minimize our impact on the environment, strive to consider sustainable product continue to modify preventive measures in Management System contains key provisions for solutions and minimize global impacts in all operations. Colgate People around the certain circumstances based on direction from our requirements including self-assessments world are committed to maintaining healthy and safe working conditions in our facilities health ministries, external experts and prevailing and inspection, management of change, training, and to keeping our business operations environmentally sound. COVID-19 case statistics and rates. documentation and EHS leadership expectations. We annually evaluate our EHS Management Our Executive Crisis Management Team (ECMT), System with a third-party vendor to ensure it is which provides global direction and guidance to our the equivalent of benchmark consensus standards, In 2020, we modified our Health Incident Management Plan (HIMP) to address COVID-19 and establish division and site leaders, and our People Relations such as ISO 45001:2018 or ISO 14001:2015. Sites measures to protect our workforce, visitors, contractors and temporary employees. These measures sub-team have worked together to ensure the are required to develop appropriate programs to may include temperature/symptom screening at entrances, social distancing and masks, protection of our people, operations and business comply with Company standards and applicable throughout the pandemic. The People Relations regulatory requirements. We maintain an EHS Audit team addresses issues including employee Program that is executed by our employees and communication, training, technical management a third-party provider. During 2021, we continued of COVID-19 employee cases, coordination of with the virtual audit process we began in 2020. functional responsibilities related to COVID-19 and Our operations are evaluated annually to ensure space and site management. These teams are occupational health exposures are well-controlled. still actively managing pandemic-related issues, Any identified exposures are managed using maintaining focus on risk reduction, leadership at the hierarchy of controls. Closure of previously all levels and culture and engagement. In 2021, identified exposures is verified by a global third- we created a team focused on assessing global party industrial hygiene provider and tracked in a vaccine access. The team worked with external global data system. providers and health ministries to support vaccine access for our employees. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 28

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT 2021 Global Safety Performance Our 2021 safety results are similar to 2020 for total The goal for 2025 is to strive for zero harm recordable rate (TRR). TRR was 0.22 (92 recordable and zero serious incidents. At Colgate, senior incidents, 10 of which were work-related COVID-19 leadership is involved when there is a serious cases), and our lost workday case rate (LWCR) was injury. They participate in sessions on how to Total Recordable Rate Lost Workday Case Rate 0.05 (22 lost workday incidents). During 2021, we proactively prevent critical risks from, among other unfortunately experienced a fatality involving an things, electricity, machines and heights, with a employee from a joint venture. This occurred as a focus on establishing the most effective protective 0.48 result of a chemical release during plant start-up. controls. They also participate in ongoing risk 0.5 This incident has been reviewed with support from assessments to determine if effective controls are 0.40 a third-party provider, and action plans have been in place to mitigate potentially negative outcomes. 0.39 developed for all affected locations. 0.4 0.35 0.32 S 0.28 In addition, we experienced 14 accidents, R 0.27 OU 0.3 ranging from fractures to hospitalizations, that H K 0.22 0.20 0.22 we consider “serious” according to the Colgate WOR 0.19 Accident/Incident Reporting and Recordkeeping 000 0.2 , Standard. Serious incidents also include work- 00 2 0.11 R 0.10 0.10 related fatalities. Colgate accident statistics E 0.09 0.08 P 0.08 0.06 include employees, temporary workers and 0.1 0.05 0.05 0.05 0.05 contractors. For serious accidents, we also report contractor and visitor incidents. 0.0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 29

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT 2021 Safety Highlights In addition to these efforts, below are some of In 2021, Colgate People focused on learning from each other to improve safety. The ultimate goal is to reduce serious injuries and, to that end, we emphasized the need for risk assessment and the ways we improved our EHS systems and mindfulness while working. We also delved deep to understand how our people think about the ways in which work is actually performed so that we could offer ways to ensure we operationalize safety. We took pains to avoid “blame and shame,” as we believe it is more impactful to offer procedures in 2021: education, understand how and why an incident happened and identify plans to ensure it does not happen again. Partnership with Mount Sinai Health System In the past, we have emphasized establishing and communicating appropriate controls to reduce We engaged with the Mount Sinai Health System to stay abreast of developments with COVID-19 and other and mitigate critical risks and serious incidents and fatalities. In 2021, we made this expectation health-related issues of concern. Mount Sinai communicates regularly with our ECMT and members of our part of our EHS Management System and Audit Program. EHS team and hosts periodic webinars where participants can suggest topics and submit questions. It has been an effective way to educate Colgate People about how to stay healthy. Our annual Safety Week is typically an all-inclusive event to share best practices and refresh our commitment to our robust health and safety culture—a key tenet of our EHS Guiding Principles. In 2021, COVID-19 restrictions resulted in a different approach, with each site holding their own set of activities aligned with their own culture to reinvigorate our shared value of caring. Our Hill’s Etten-Leur plant in The Netherlands used gamification to activate Safety Week. Employees created a personal hero avatar to compete in safety battles to test their knowledge on emergency response, engage in treasure hunts, identify potential improvements and work together to create a safer and more sustainable workplace. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 30

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Occupational Health Reducing Noise, Dust and Chemical Exposures Having established Occupational Medical Standards designed to assess medical surveillance Colgate strives to reduce noise, dust and chemical exposures at our facilities. Our goal is to decrease the requirements for employees potentially exposed to chemical, physical and/or biological agents, number of people who must wear hearing protection or use chemical cartridge respirators to reduce their we have a formal 2025 target to reduce jobs with chemical exposure. The Occupational Medical exposure below the applicable acceptable limits. We have included this metric as an element of our 2025 Standards work in concert with the Colgate Industrial Hygiene Standards, and our sites are target to strive for zero harm. required to adhere to all applicable local legislative requirements. Critical Risk Top 10 Schneider Electrical Assessments Virtual Training In 2019, Colgate launched an enterprise-wide integrated EHS risk reduction strategy to minimize In 2021, we continued to look closely at the safety Our sites in Latin America and North America risks that have been linked to adverse events and outcomes. The program focuses on EHS issues of our electrical systems, including their capacity, modified classroom courses to be delivered as and management system elements that have been linked to serious outcomes historically. The resilience and obsolescence. As the electric virtual sessions on key topics for salaried and program challenges our sites globally to assess the state of the current programs, assess risk standard requires a third-party assessment every clerical employees. One such session that was and controls in place and ensure the process is sustainable. Wherever possible, sites are expected five years, we contracted with Schneider Electric, particularly well received was our health and to increase efforts to mitigate risk through engineering, substitution and/or elimination. Despite a trusted energy management and sustainability safety engineering training. Due to the success the pandemic, most sites are on track toward closing the required elements. consulting firm, to look at redundancy, resilience of this modular health and safety engineering and condition of our systems to help us identify training, our Europe and the Asia-Pacific Divisions Our global sites are working on a multi-year plan to ensure that robust systems and controls are upstream impacts, as well as traditional elements plan to emulate the program in 2022. Latin America in place to address and mitigate potential risks. Updates are reported quarterly to a corporate related to safe electrical work practices. Although also has quarterly events linked to significant tracking system and presented at budget and business reviews. COVID-19 has delayed some project completion and risks, where they start with input from executives obstructed many recommendations from being and then evaluate their gaps and improvement implemented, some sites are in the process of strategies. monitoring and modernization upgrades based on their reports. The remaining sites will be assessed in 2022. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 31

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Create a More Inclusive World Creating a Culture that Values Diversity, Equity and Inclusion Our Strategy for Diversity, Equity and Inclusion We are clear and transparent about our intentions to advance diversity, equity and inclusion (DE&I) at Embracing diverse voices everywhere, Colgate, and have three ambitions: advocating for equity and fostering an inclusive 1. Strive to ensure our team reflects the diversity of the world we serve by increasing diverse work environment are not just things we do; representation across our organization, supply chain and partnerships. they reflect who we are, what we value and how we think. They guide our work and our 2. Foster a corporate culture where everyone belongs, feels included and has the tools to drive their interactions with each other every day. This own success. helps us run our business better and serve our 3. Leverage our global reach to advocate for diversity and help underserved communities thrive. communities by forming relationships built on trust, respect and communication. We believe we are most successful when our employees Our DE&I strategy is based on four pillars, each with their own goals and objectives: 2022 can be their authentic selves at work and have DIVERSITY, EQUITY AND INCLUSION REPORT • People: Implement policies, learning experiences • Supplier Diversity: Support minority- and the tools to engage in honest dialogue with each are working other about their experiences and challenges. and processes that promote awareness, empathy, women-owned suppliers to promote the to create a advocacy and opportunity. success of diverse businesses owners. more inclusive company and world. To learn more about how we are creating a culture • Community: Be an ally for positive change. • Communication: Promote dialogue around that celebrates everyone, please see our 2022 diversity, equity and inclusion to advance the Diversity, Equity & Inclusion Report here. culture change needed to achieve our purpose. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 32

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Advancing DE&I at Colgate Below are some of the ways we championed DE&I at Colgate in 2021: Enabling Conversations on Diversity Creating a culture where everyone feels included and can be their authentic selves requires honest and direct communication. Employees need to be able to discuss sensitive or personal issues productively while remaining respectful of different, and sometimes opposing, perspectives. This is why we work to ensure Colgate People have the proper training to approach these exchanges with a common foundation of empathy and respect, with the ultimate goal of better understanding one another. In 2021, we made great strides in encouraging and normalizing conversations around diversity and inclusion. Our research and development organization internally developed and administered a three-session training program titled “Let’s Talk About Race” for our managers. This program is designed to help managers understand how to create an inclusive environment, and productively discuss issues involving race while remaining sensitive to people’s experiences. Training on Unconscious Bias and Allyship We strive to provide an inclusive environment that accepts people of different religions, ethnicities, abilities, sexual orientations, socioeconomic backgrounds, genders and more. Accomplishing this starts with educating ourselves so we can understand each other’s differences and the role we all play in creating a sense of belonging. In 2021, we instituted mandatory allyship and unconscious bias training for all salaried and clerical employees at Colgate, with 100% compliance, to help our employees better understand DE&I concepts and embed allyship as a daily practice. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 33

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Promoting Diverse Leaders We believe our people are crucial to our ongoing our management levels. We are making progress development programs and intentional focus, business success and aim to recruit, develop in our diversity representation among our senior we are committed to making progress across all and retain strong and diverse talent. As a truly leadership, particularly for women globally organizational levels of leadership to maintain a global company with approximately 70% of our net and Hispanics and Asians in the U.S. We are robust pipeline of internal candidates. sales generated from markets outside the U.S. in working toward our ambition of full labor force 2021, we believe it is especially important for our representation in the U.S. among all major ethnic Learn more about how we are taking action in leadership to have diverse perspectives. We are groups so that Colgate People can see themselves Colgate-Palmolive's 2022 Diversity, Equity working to increase diversity representation at across all organizational levels. Through & Inclusion Report. Ensuring Pay Equity Colgate has long been committed to pay equity and its role in fostering a diverse and inclusive workplace. We pay all Colgate People at a level commensurate with their role, work location, individual performance and experience, irrespective of gender, race, ethnicity or any other category protected by law. Consistent with these values, Colgate conducts an annual U.S.-based pay analysis for gender and race. Acknowledging that comparing pay based on race/ethnicity is challenging on a global basis, in 2020, Colgate also conducted a global gender-based pay analysis. Our results confirm that in the United States, Colgate has achieved statistical pay equity for gender and race. Globally, there is a less than 1% unexplained difference in pay between women and men, and we are committed to continuing our work to close that gap. We will be updating these results in 2022 to ensure we remain on track for pay equity. Supplier Diversity In 2021, based on our 2025 Sustainability & Social Impact Strategy, we created a Supplier Diversity plan that dovetails with Colgate’s overall DE&I goals and drives our sites around the world to engage with more companies that are owned and operated by minorities, women, veterans, members of the LGBT community and people with disabilities. Our goal is to work with suppliers who represent the communities in which we live and work and partner with them to enable their success. To further this goal and enhance our supplier diversity program, we created a position for a Director of Supplier Diversity in 2021. Supplier diversity is an intrinsic part of Colgate’s business strategy. It is as important for Colgate People to see themselves in our suppliers as it is for consumers who expect our business to support their own values. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 34

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Help Children, Their Families and Communities Thrive A Bright Future to Smile About Our Curriculum The cornerstone of BSBF is our award-winning educational curriculum. Developed by global experts, the In 2021, we celebrated 30 years of Bright Smiles, multicultural and inclusive materials illustrate how to maintain a healthy mouth and body and are presented Bright Futures® (BSBF), our flagship corporate social in 30 languages each year. In several countries, the program materials are part of the permanent school responsibility initiative. This program educates curriculum. During 2021, we began to actively align our BSBF educational materials with STEM curriculum young people on the relationship and importance and health education standards to extend the reach and impact of our engagement. We believe that BSBF of oral health and well-being and provides access not only improves health outcomes, but may improve reading, math and social-emotional development to dental care and the products and tools to skills as well. implement healthy habits. Through meaningful partnerships with retailers, governments and other In 2021, as COVID-19 curtailed in-person education, we worked directly with teachers to ensure children key stakeholders, we have reached over 1.4 billion had access to the resources of our program through digital means. We engaged teachers as our partners children and their families in more than 80 countries to learn from them and to find additional ways to reach our audience. We also added the ability to around the world since the program was established measure the outcomes of our students’ oral health education to determine just how much their new- in 1991. BSBF continues to promote health equity found knowledge improved their lives. Moving forward, we intend to broaden BSBF’s focus to include and optimal health and well-being by engaging with overall health and well-being. children and families in the communities where they are born, live, work, learn, play and pray. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 35

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Key initiatives and program components drive Bright Smiles Kids Awards In February 2021, Bright Smiles, Bright Futures® launched the Bright Smiles Kids Awards, a first-ever the award-winning BSBF program: virtual program celebrating National Children’s Dental Health Month. Groups of children across the nation were encouraged to become champions of their own health and submit a video showcasing their creativity. The Bright Smiles Kids Awards received entries from schools and organizations featuring children singing, • In-School: We partner with local schools, Ministries of Health and Ministries of Education dancing, cooking, coding, participating in skits and puppet shows and creating art projects. We voted for and to organize health education classes and provide products as the tools for behavior celebrated our winners at an engaging live and virtual event, where our National Award Winners took home implementation. grant prizes to support their organizations. The event was so full of energy and enthusiasm that we look • Community Relations: In some countries, BSBF is mobile. In the United States, BSBF has nine forward to relaunching the program in 2022. mobile dental programs supported by a fleet of eight mobile dental vans, which travel to rural and urban communities to provide oral health education, free dental screenings and treatment referrals to underserved children. The vans travel to over 1,000 towns and reach more than ten million children and families in a typical year. • Integrated Marketing Communications (IMC)/Trade Partner: We leverage customer relationships to drive excitement and incremental merchandising support in participating stores. • Professional Partnerships: We partner with government health agencies, non-profit organizations (NPOs) and dental associations to expand the reach of oral care education around the world. • Digital: Educational resources are provided online, including downloadable teachers’ guides, story books, wall posters, family take home brochures, videos, songs and oral health games. • Employee Engagement: Our employees are often involved in BSBF programs, engaging with National Winner: the community or teaching their families about oral health. Imhotep Academy, Atlanta, GA 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 36

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Engaging Our Employees in BSBF Meanwhile, with many schools still adjusting to operational difficulties caused by COVID-19, we took the opportunity to evaluate BSBF to determine how it contributes to health priorities as defined by the United Our employees ensure programs are tailored to local markets and provide the resources, staff Nations Sustainable Development Goals. BSBF has been making contributions to help countries reach those and partnerships needed to make a lasting impact. For example, we partner with Brazil’s Ministry designated goals. During the ongoing pandemic, we explored ways to reach even more children who are of Health to train “Community Health Agents” to teach oral care and handwashing education in the underserved, using technology to deliver our message. We focused on and supported teachers who could community. Over 35,000 agents have been trained since the program’s inception in 2014, reaching best address the social elements of health and created content for them to incorporate into their lessons. over 14 million people in 27 cities. In some of the countries where BSBF works, there are no dentists, and often not even enough doctors. The Our Results one reliable source for health care, including health promotion and disease prevention, is nurses. In 2021, BSBF focused additional resources on these vital health care practitioners through advanced partnerships, Each year, we strive to reach over 60 million children in nearly 300,000 schools around the world. enabling them to actively engage and incorporate oral health into overall health education. We have been In 2021, the U.S.-based BSBF mobile community program was able to reach more than 50 million working with Sigma Theta Tau International Honor Society of Nursing—whose mission is to “develop nurse children and families with onsite and virtual van visits that focused on the importance of oral health, leaders anywhere to improve health care everywhere”—on educating nurses on oral health for children and balanced nutrition and hand washing. We are proud of this program that builds shared value for developing a curriculum to reach nurses globally. both us and society, enabling us to make a significant impact in the communities where we live and work while engaging with consumers to build our brand value and empowering children and families From teaching two billion children healthy oral care habits by 2025 to creating access to good oral hygiene across the globe to achieve healthy and bright futures. practices, Colgate initiatives move us toward that goal. At Colgate, we’re committed to leveraging clinical research, collaborating with partners and developing innovative products and technology to achieve a zero- cavity, healthier future for all. 2021 Highlights For the first time in its history, the World Health Assembly has approved a resolution that urges Looking Forward Member States to “address key risk factors of oral disease…a shift from the traditional curative approach toward a preventive approach that includes promotion of oral health….” Colgate will One of our future goals is to bring more oral health education to more girls in primary and secondary education continue to shift BSBF to align with the World Health Organization’s framework, which requires systems. We believe that better-educated young women grow up to be healthier mothers, with healthier children. longer and impactful engagements. Studies show that girls’ health and safety transforms communities. We would also like to expand our model so that it is not exclusively directed at children. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 37

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Partnerships Community Engagement and Giving An important element of our 2025 Sustainability & Social Impact Strategy is our engagement Taking actions to support, elevate and improve the communities we serve is essential to fulfilling and collaboration with external partners, which complement our strong internal capabilities. our purpose of reimagining a healthier future for all people, their pets and our planet. We provide These strategic partnerships are important to us to help us achieve our ambition to improve financial and in-kind donations to nonprofit organizations around the world, and our people children’s dental hygiene. They include: contribute their time and talent through Colgate-sponsored volunteer activities. • Alliance for a Cavity-Free Future (ACFF) • World Federation of Public Health Colgate’s focus areas include: • American Dental Association (ADA) Associations (WFPHA) • Championing healthy smiles and healthy skin • U.S. Soccer Foundation • ADA Foundation • Creating educational pathways for diverse • Hip Hop Public Health (HHPH) and underrepresented students and Colgate • Global Child Dental Fund 2021 Charitable • International Association of Dental professions (dentistry, dermatology and skin • National Dental Association (NDA) care and veterinary science) Students (IADS) Contributions: • Save the Children • School-Based Health Alliance (SBHA) • Providing Food, Shelter & Love for pets everywhere • Hispanic Dental Association • The National Council of Negro * $47.5 million • Promoting environmental stewardship; omen, Inc. • Hispanic Federation W • Championing optimism • Global Child Dental Fund • Providing disaster relief and emergency care in • The Links, Incorporated Colgate communities * Cash and in-kind contributions to charitable organizations, including spending for the Bright Smiles, Bright Futures® program in Colgate’s 20 largest subsidiaries (by oral care sales). 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 38

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Below are some of the actions we took in 2021 to fulfill our purpose: Championing Healthy Smiles and Healthy Skin In 2021, we sponsored the Skin Cancer Foundation's mobile skin cancer screening program, Destination Healthy Skin. From August to November, the Destination Healthy Skin RV traveled to 21 destinations around the U.S. Volunteer dermatologists screened nearly 1,000 people and identified 195 potential skin cancer and precancers, including ten suspected melanomas. We gave out more than 6,000 EltaMD sunscreen samples. Colgate Women’s Games We believe one of the best ways to drive social impact and to help young people in our communities thrive is by supporting girls and encouraging them to pursue education. One way we accomplish this is by sponsoring the Colgate Women’s Games, the longest-running amateur track and field competition for girls and young women in the U.S. Each year, thousands of girls participate in the (Head Coach of the Jeuness Track Club and Chief Women’s Games sponsored the Sisters on Track competition, where finalists compete for trophies of Officials, Colgate Women's Games), star in the Impact Campaign. The campaign encourages girls and receive education grants. The 2020–2021 new documentary, Sisters on Track. The athletes and young women to register for the 47th Annual season of Colgate Women’s Games was suspended and their coach met at Colgate Women’s Games Colgate Women’s Games as a way to bring the due to COVID-19 safety risks, but is back on track for and the program is featured prominently in the film’s themes to life and focuses on empowering its 47th season beginning in April 2022. film, underscoring how it instills a strong sense girls across three lanes of impact: Athletics, of personal achievement and self-esteem in Mentorship and Education. Colgate Women’s Games athletes, the Sheppard young women while championing the importance sisters and their mentor and coach, Jean Bell of mentorship and education. In 2021, Colgate Learn more at colgatewomensgames.com 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 39

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Health and Hygiene CARE Packages Advancing Education Opportunities In 2021, Colgate partnered with CARE to provide Access to continuing education plays a large role in developing and improving people’s lives, which is why health and hygiene CARE packages to over 25,000 Colgate is focused on providing these types of opportunities for underserved communities. In 2021, we people as we worked together to stop the spread of continued our longstanding support for the United Negro College Fund (UNCF) by sponsoring, for the second COVID-19. Together we provided strategic grants in year, the UNCF Virtual Walk for Education, where funds raised will assist UNCF's mission of supporting five countries to provide and distribute important Historically Black Colleges and Universities. health care items. The contents of these packages varied by region, but included kits with supplies Prep for Prep is an organization whose mission is to develop future leaders by creating access for young for personal hygiene, COVID-19 prevention and people of color to first-rate educational, leadership development and professional opportunities. In 2021, prevention of gender-based violence, in addition to Colgate’s Chairman, President and CEO, Noel Wallace, and other Colgate executives, presented “Leading in other medical supplies. Uncertain Times: Lessons for Future Leaders” to students in the program. Colgate has been a partner for Prep for Prep student internships since 1994. Inclusive Oral Health Products Know Your OQ Campaign In partnership with Penn Dental Medicine, we In 2021, we started a conversation around how oral health affects people’s overall well-being, and how are working to create a more inclusive and they can take charge of their oral health, known as the KnowYourOQ campaign. This campaign is designed accessible world of dentistry. In celebration of to promote greater understanding and provide education on how oral health is linked to both physical and the International Day of Persons with Disabilities, mental health, and what simple steps everyone can take to have a healthy mouth. In the same way that we donated a selection of hum™ Smart Rhythm people may know their IQ or EQ for their cognitive and emotional intelligence, Colgate wants people to Sonic Toothbrushes, which, with the support of an know their oral health quotient and understand how they can improve their oral care routine. As part of this app, help patients properly brush their teeth by initiative, starting in 2022, Colgate will commit $100 million over the next five years to address this global providing feedback on the duration and frequency health crisis affecting nearly half the world’s population, and help to ensure oral health is integrated into of their brushing. broader public health strategies and responses. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 40

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT HELPING MILLIONS OF HOMES 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 41

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT HELPING MILLIONS OF HOMES We are empowering people to develop healthier habits by choosing People Driven Innovation sustainable products that improve their lives and homes, from oral and personal care to pet nutrition and home care. We deliver on our promise each and every day with our culture of innovation. This culture is driven by our global team of diverse thinkers who bring their experience and technical know- how to the job every day. Hundreds of Global Technology specialists across seven Global Technology Centers are dedicated to advancing Colgate’s innovation and growth through their creative, problem-solving approach to their work, their willingness to experiment and their commitment to our mission. Design Sustainable Our teams are: • Knowledgeable about our brands • Curious about technology Products • Passionate about discovery • Constantly improving, learning and evolving Our ambition is to help people in millions of homes around the world live happy and Our scientists and engineers are a diverse group of chemists, biologists, clinicians, flavor and fragrance healthy lives. To do this, we are committed to developing and delivering products that specialists, packaging engineers, information specialists and analysts. They are experts in their fields, people trust and to enable a healthier and more sustainable future for everyone. Central yet we encourage them to step out of their lanes, to think about a problem from a different perspective to this ambition is providing products that contain safe ingredients, are less impactful to and engage with their colleagues from different disciplines. All team members are encouraged to spend the environment, require less packaging and improve the health and well-being of our 5–10% of their time outside their main focus area, which leads to sparks of creativity and insights that customers and the planet. can completely change how we think about a particular problem. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 42

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Global Innovation for Global Challenges Improving the Sustainability Profile of Our Products While our central research and development headquarters is based in Piscataway, New Jersey, we also have Technology Centers located around the world. In addition to being co-located in Providing safe, high quality and more sustainable products is the most important goal of our these centers, our packaging engineers are located at several of our larger production sites product innovation process. This effort is motivated primarily by our commitment to provide to ensure innovation is brought to life. This large global reach enables us to better understand safe, healthy and less impactful product choices to our customers and their families, and by consumers in different markets. It also helps us spot new trends and growth opportunities, consumer interest in these products. some driven by technological advances and some driven by regional culture and practices. We promote global teamwork; it is not unusual for ideas to travel between our international To achieve this goal, we are focused on the teams so we can bring them to additional markets once they prove successful. For example, in China, we developed toothpaste with anti-bleeding technology. That same technology has since been integrated into Colgate products that are sold in certain other countries of the world. following priority areas: People are at the center of everything we do. Through engagement and listening activities, we • Develop more natural or naturally • Eliminate ingredients of concern can better understand consumers’ mindsets and provide them with products that meet their derived products needs, no matter where they are in the world. Our global Consumer Affairs team is available • Reduce packaging where possible, with a high via telephone and email through online forms via the Contact Us page on our websites, as well • Increase the biodegradability of focus on eliminating plastic waste as other digital contact channels that vary around the world. Many of our websites also provide our products frequently asked questions for people to refer to. • Participate in the Chemical Footprint Project to • Develop products that contain less water measure and improve our global footprint When we do interact with our consumers and customers, we have an obligation to protect their personal data from unauthorized use or disclosure. Guided by our Privacy Policy, we protect personal data and take all necessary steps to keep that data secure. We handle all personal data responsibly and are transparent in how we collect, use and disclose consumer and customer data. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 43

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Sustainability Product Index Excellent Good Fair Poor Examples of SPI Ratings: Central to our efforts to improve product sustainability, we developed the Sustainability Product Index (SPI) to assess the sustainability of our products. The SPI is aligned with our 2025 Sustainability & Social Impact Strategy and is focused on the actions to design sustainable products, build sustainable Home Care habits for life, eliminate plastic waste and conserve water. Additional areas considered are our actions to accelerate action on climate change and lead with TRUE Zero Waste certified facilities. The SPI Division: North America • Bottles made with 100% recycled plastic* translates results to a rating of “Excellent,” “Good,” “Fair” or “Poor.” The performance results are based on representative products from the product portfolio excluding our EltaMD, Filorga, hello and PCA Product/Project: Palmolive • Biodegradable cleaning ingredients** SKIN businesses. Rating: Excellent • 0% parabens and phosphates • Responsibly made*** All Categories—SPI Rating • G uides consumers on recycling (e.g., How2Recycle) Excellent • Promotes water conservation awareness ( Good e.g., Save Water) Fair • Part of an ingredient transparency program Poor (e.g., SmartLabel™) ctured at a facility with TRUE Zero Waste • Manufa certification**** US:* 46 oz. and under. ** OECD 301 B,C,D / OECD 301 B,C,D Based on estimated 2021 U.S. and Canada volumes *** To learn more, visit Responsibly Made Products | Colgate-Palmolive Canada:*591mL and under. **** The TRUE certification program assesses business performance in Based on estimated 2021 U.S. and Canada volumes reducing waste. Learn more at true.gbci.org. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 44

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Personal Care Oral Care Division: Europe • Bottles made with 100% recycled plastic Division: Asia Pacific • Recyclable tube Product/Project: Palmolive Pure & Delight Body • 95% ingredients of natural origin Product/Project: Colgate Gum Expert • Contains turmeric extract, which Wash Relaunch • 96% biodegradable formula Rating: Good is known for its antibacterial, anti- Rating: Excellent inflammatory and wound healing • Guides consumers on recycling properties ( e.g., How2Recycle) • Guides consumers on recycling • Promotes water conservation (colgate.com/goodness) awareness (e.g., Save Water) omotes water conservation • Pr • Part of an ingredient transparency awareness (e.g., Save Water) program (e.g., SmartLabel ™) • Manufactured at a facility with TRUE Zero Waste certification • Manufactured at a facility with TRUE **** Zero Waste certification **** **** The TRUE certification program assesses business performance in reducing waste. Learn more at true.gbci.org. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 45

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Oral Care Ingredient Transparency Division: Africa/Eurasia • 100% recycled plastic handle Transparency is a key part of our commitment to product sustainability. Consumers today are Product/Project: Colgate RecyClean • 100% plant-based nylon bristles looking for company information about environmental, social and governance practices. In Rating: Excellent • Guides consumers on recycling the addition, consumers are looking for details about the products they use. We want to empower p people with the information about our ingredients in the product and the purpose and function ackage the ingredient provides in the product. • Promotes water conservation er) awareness (e.g., Save Wat We have also started to share our fragrance ingredients for some brands and recently launched Flavors & • Recyclable cardboard packaging, no Fragrances Share for Good, our new communications tool to share more information about the fragrance plastic used and flavors in our products. Most notably, Colgate is now the first major company to share the flavor ingredients in toothpaste and mouthwash. By proactively launching this program, we are providing even greater transparency to build and extend consumer trust. The article, Building Consumer Trust With Greater Transparency, highlights how including flavor ingredients in our disclosure initiative is an exciting opportunity to engage with more people by providing information that makes them feel confident in their purchasing decisions. Colgate continues to participate in SmartLabel™, a digital platform that provides a wide range of product details that cannot fit on a package label. It explains what the ingredients are, why they are in the product and what they do. Consumers can access SmartLabel at home and on-the-go while creating a shopping list on their phone or when making a purchase decision in the store. We are also disclosing ingredient information on local brand websites and the Oral Care ingredients are also available on our A-Z list. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 46

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT In 2021, we also joined the Chemical Footprint Project developed by Clean Production Action to Product Safety measure our footprint globally. The Chemical Footprint Project is aligned with the following United Nations Sustainable Development Goals: Good Health and Wellbeing, Clean Water and Sanitation The safety of our consumers and our people is our first and greatest concern. Our technical and Responsible Consumption and Production. teams conduct rigorous safety evaluations on all our products before we bring them to the marketplace and ensure our products comply with, and often exceed, all applicable regulatory Examples of more sustainable products include Palmolive products formulated with ingredients requirements wherever we do business. We work with regulatory agencies worldwide including that meet stringent safety criteria and performance standards and have earned EPA Safer Choice the U.S. Food and Drug Administration (FDA), European Medicines Agency (EMA), World Health certification. We offer these products in both fragrance and fragrance-free versions so that Organization (WHO) and Health Canada to ensure our products meet the highest standards of consumers can make their preferred choice. For more information, see Safer Choice program | safety—for both people and the environment. Palmolive® Promise. Safety Evaluation Process When we introduce new products or ingredients in our products, we apply the following rigorous evaluation process to ensure that the products or ingredients are safe, all applicable regulations are followed, and our consumers are informed about these ingredients. Assess: Before we use a new ingredient, we complete Monitor: It is our responsibility to continue to ensure a thorough safety assessment of the ingredient for the safety of our products once they are available both its intended use and foreseeable misuse. If the to purchase. Our pharmacovigilance team—made ingredient is found to be unsafe, we will not use it. up of physicians, pharmacists and nurses—gathers Develop: If the ingredient is determined safe, we information on adverse effects and quality complaints move forward with developing a product using the from health care professionals and via consumer new ingredient and evaluate the product’s efficacy phone calls, social media, mail, clinical trials, and potential adverse effects of its usage. If the market research and literature. After collecting and resulting product does not meet our standards, we go documenting that information, the team assesses back to the drawing board. and analyzes it to ensure that a product’s quality and safety is maintained throughout its lifecycle. Instruct: In the third stage, we ensure that proper warnings and use instructions are communicated on the label of the product. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 47

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Build Sustainable Habits for Life Handwashing Education One of the most effective ways to prevent disease transmission, especially among children, is through washing hands. With our positioning as a leading marketer of bar and liquid hand soap, we are partnering with public health officials, academia and local schools and clinics to provide education to millions of children and their families on the health and hygiene benefits of handwashing with soap. In 2021, we launched our Power of Hands campaign in Latin America, a comprehensive health and education program that not only builds brand awareness but also solidifies our holistic approach to the health and well-being of our consumers. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 48

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Campaigns and Partnerships In some countries, as an addition to our BSBF oral care education programs, we are including education about proper handwashing in the oral care curriculum to highlight the importance and health benefits that handwashing provides. We also continue to partner with the Global Handwashing Partnership to help build healthy, sustainable handwashing habits among children. Colgate was also one of the founding members of the Global Handwashing Day campaign with other organizations such as the World Bank and UNICEF. Global Handwashing Day is celebrated on October 15th and drives awareness of the vital importance of hand washing with soap and its impacts on health. This global program includes advertising, media campaigns, web resources, social media campaigns, community events and educational programs across the globe. Water Conservation Awareness With the Colgate brand in more homes than any other in the world, we have a unique opportunity to promote water conservation awareness to all our global consumers. With our Save Water public awareness campaign, we estimate that our consumers have contributed to the avoidance of approximately 206 billion gallons of water and 10.8 million metric tons of CO2 emissions, since the campaign’s launch in 2016. The campaign shows how a small change like turning off the tap when you brush your teeth can make a big difference. And since water and wastewater treatment systems are energy-intensive, every drop of water saved means less energy used. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 49

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT PRESERVINGOUR ENVIRONMENT 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 52

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT PRESERVING OUR ENVIRONMENT We are accelerating action on climate change and reducing our something any one company can achieve on its own. It is by working with partners like the Consumer Goods Forum ( environmental footprint, working with our partners and operations CGF) Coalition of Action on Plastic Waste, Closed Loop Partners (CLP) to eliminate waste, decrease plastic usage, save water and and the Anheuser-Busch (AB InBev) InBev 100+ Accelerator (100+ Accelerator) that we are able to move toward a sustainable future. conserve natural resources. Partnerships to Reduce Plastic Closed Loop Partners is a New York-based investment firm comprised of venture capital, growth equity, private equity and catalytic capital, as well as an innovation center focused on building the circular economy. Their investments seek to align capitalism with positive social and environmental impact by Eliminate reducing waste and greenhouse gas emissions via materials innovation, reuse and refill, supply chain Plastic Waste optimization and landfill diversion. Colgate joined AB InBev, The Coca-Cola Company sustainability challenges and published them as and Unilever to jointly run and sponsor the 100+ a call for applications for the third cohort. From Accelerator, an open-innovation program designed over 1,300 applications, the 100+ Accelerator team Colgate has determined that it is not enough to behave responsibly within our own to collaborate with entrepreneurs, innovators, selected 35 startups and will be implementing business. To truly make a difference and have a positive impact, we are working toward engineers and scientists on some of the world’s these solutions in over 20 countries around the a shift to the circular economy, one where products are designed to be reusable and most pressing sustainability issues. Together, world. Eighteen of the startups are women- waste streams become feedstocks for other products. But this ambitious goal is not the corporate partners identified key shared founded, and 11 are joint pilots with the partner 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 53

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT companies. Collectively, the 100+ Accelerator and its startups are tackling targets across each of the 17 UN SDGs. Of the six startups that Colgate sponsored directly, five are focused on the By 2025, it is our goal to: circular economy. For example, Make Grow Labs turns food waste into biomaterials for packaging using scoby cellulose in Poland; Solutum has created a soluble and biodegradable alternative to • Eliminate unnecessary and problematic • Reduce the use of new (virgin) plastic by one- flexible packaging and will produce bags and soap wraps for Colgate in Israel; Wattron has created packaging third against a 2019 baseline innovative heating solutions that saves on packaging, energy and time in Germany and Plastics for Change created a fairtrade system for recycling plastic waste and collecting 100 metric tons of • Use at least 25% post-consumer recycled • Make all our packaging recyclable, reusable or plastic in India to include in blister packaging for charcoal. plastic in our packaging compostable In keeping with our commitment to the Ellen MacArthur Foundation’s Plastics Pact Network, we Our progress against these targets, as of December 31, 2021, is set forth below. Our progress against these signed on to the Plastic Pacts of Canada, the United Kingdom and ANZ (Australia, New Zealand targets does not include our EltaMD, Filorga, hello or PCA SKIN businesses or co-packers. and Pacific Islands) as we continue to work toward our mutual goals related to reduction of problematic materials for recycling, increases in recycled content and recyclability of packaging • We continue to strive to eliminate PVC. We have • In our effort to eliminate plastic waste, our across all of our product categories. eliminated using PVC in 99.9% of our packaging 2025 target is to reduce our use of new (virgin) by weight. We have also developed plans to plastics in packaging by one-third against a In 2021, we also signed the Ocean Plastics Leadership Network (OPLN) call-to-action for a exit the remaining uses where there remains a 2019 baseline. As of December 31, 2021, we United Nations treaty on plastics pollution and confirmed our support for the CGF’s Golden technical challenge related to product safety. have eliminated new (virgin) plastic in our Design Rules aimed at eliminating plastic waste through design. packaging by 8.5% against a 2019 baseline. • Colgate’s 2025 target is to use at least 25% In our 2025 Sustainability & Social Impact Strategy, we set a target to design and deliver circular post-consumer recycled content in our plastic • As of December 31, 2021, approximately and alternative solutions for all our products, aimed at zero plastic waste. packaging. Our 2021 full-year use of post- 84.2% of our packaging across categories and consumer recycled plastic in packaging was materials (plastic, fiber, metal and glass) by 14.2%. weight was technically recyclable. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 54

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Recyclable Toothpaste Tube Colgate’s first-of-its-kind recyclable toothpaste tube, which first launched with Tom’s of Maine in the U.S. in November 2019, has so far been introduced in five divisions under the Colgate brand. Our goal is to transition the remainder of our toothpaste portfolio to the recyclable tubes by 2023 in the U.S. and by 2025 globally. We are making significant progress in our efforts to transform the toothpaste category and, so far, have shared our tube technology by holding over 50 sessions with the packaging industry, NGOs and other consumer product companies. For an informative video highlighting this process, see Recyclable Plastic Transforming Toothpaste Tubes. Colgate’s tube, the first to be recognized by external recycling authorities as recyclable, is made from High Density Polyethylene (HDPE), the same No. 2 plastic used for milk and detergent bottles. Recycling the tube alongside plastic bottles requires no extra steps—no rinsing, cutting or cleaning before placing it into a recycling bin. Colgate launched the recyclable toothpaste tube with a “Recycle Me” message in the U.S. The bold, limited edition “Recycle Me!” graphics will be found on select tubes of Colgate® Optic White Advanced Sparkling White, Colgate® Cavity Protection, Colgate® Max Fresh Cool and Colgate® Total Whitening. The goal of the “Recycle Me!” campaign is to build awareness of recyclable tubes not only among consumers, but also among recycling stakeholders. Even with all these efforts, however, during this transition phase communities may not yet accept tubes for recycling. Consumers should check with their local community facilities. Learn more at colgate.com/goodness. We are proud to be the leaders in this space and our goal is to continue developing innovative science that creates products that are ultimately better for our planet. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 55

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Consumer Use & Disposal of Products Colgate Operations Accelerate Action on Climate Change Supplier Sourcing of Materials & Services At Colgate, we are on a mission to create a healthy and sustainable future for all. Achieving Colgate has been working on climate change for over 20 years. Accelerating Action on Climate Change that future means we have an important responsibility to address climate change and its is a core action of our 2025 Sustainability & Social Impact Strategy and drives our intention for Net threat to disrupt every aspect of our lives—from environmental impacts like weather events, Zero carbon emissions across our growing business. Our targets align with the Science Based Targets water security and biodiversity, to food supply to socioeconomic stability. This makes acting initiative (SBTi), the Paris Agreement, our signing of the Business Ambition for 1.5ºC and our commitment on climate change a priority for our stakeholders, including our employees, customers, to Recover Better, working in concert with the UN Global Compact (UNGC). consumers, investors, NGOs and business partners and, in turn, a priority for Colgate. 0 10 20 30 40 50 60 70 80 We will make progress towards reducing emissions by working across our entire value chain, including Colgate's Carbon Footprint* our suppliers, operations, brands and consumers. The majority of our total GHG emissions across our four core product categories (oral care, personal care, home care and pet nutrition) are associated with the consumer use of our products—particularly related to the use of hot water for personal and home care, as well as cold water used for oral care. That’s why we made an ambitious commitment to reduce 15% Supplier Sourcing of Materials & Services the indirect use phase emissions associated with the consumer use of our products by 20% by 2025 against a 2016 baseline. 5% Colgate Operations Although our own global operations contribute only about 5% of our total carbon footprint, these emissions are the ones that we have the most direct operational control over, so we continue to work hard to drive efficiency and reduce our GHGs. 80% Consumer Use & Disposal of Products * Approximate percentages based on 2020 baseline data across Colgate-Palmolive's global categories and geographies 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 57

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Net Zero Carbon Transition and Targets Underlying Colgate’s climate commitments are science-based targets focused on a Net Zero Our first priority is to find ways to reduce our carbon footprint and/or mitigate carbon emissions across our carbon transition. Colgate’s current targets for Scopes 1, 2 and 3 emissions were approved entire value chain. This includes investments in energy efficiency and reduction, encouraging suppliers to by the SBTi in 2020. Following the release of the new SBTi Net Zero Carbon Standard in late reduce their carbon footprint, developing less carbon intensive products and shaping consumer habits. 2021, Colgate has established additional long-term and interim climate targets for SBTi’s review and approval in 2022. Next, we will continue to identify and deploy meaningful lower carbon innovations and technologies that replace more traditional carbon-intensive processes. Examples of this include increased use of renewable Net Zero Carbon Transition Approach and carbon-free energy sources, as well as emerging technology solutions for materials, packaging, manufacturing, transportation and product use that lower the overall carbon footprint. Our overall approach to drive our Net Zero carbon targets can be expressed in this simple graphic: Net Zero Carbon Approach Lastly, we will work to permanently remove the residual emissions from our value chain by 2040 per the SBTi Net Zero Standard. For each Colgate functional area, such as operations, procurement and logistics and their associated Carbon Reduction carbon scopes, we have developed clear target boundaries, glide paths and tactics to guide their associated decarbonization plans. Hierarchy Carbon Innovation & Technology Carbon Removal 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 58

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Net Zero Carbon Targets 8 By 2040, it is our goal to: Colgate is committing to the following Net Zero carbon and other climate-related targets: 7 6 • Reach Net Zero carbon emissions across the • Reduce Scope 1, 2 and 3 emissions* by 90% 5 value chain against a 2020 baseline By 2025, it is our goal to: 4 Our Net Zero targets were established to be compliant with SBTi’s Net Zero Carbon Standard with the SBTi’s 3 • Reduce Scope 3 emissions from Purchased • Avoid GHG emissions from consumer use review and approval anticipated in 2022. We have also incorporated guidance from the Climate Action 100+ 2 Goods and Services by 20% against a 2020 by 20% against a 2016 baseline Net Zero Benchmark, which assesses the performance of companies against the initiative’s three high-level 1 goals: emissions reduction, governance and disclosure. baseline 2020 2025 2030 2035 2040 • Reduce manufacturing energy intensity by • Reduce Scope 1 and 2 GHG emissions in 25% against a 2010 baseline Colgate's Net Zero Carbon Pathway operations by 20% against a 2020 baseline This graphic shows our By 2030, it is our goal to: estimated Scope 3 decarbonization • Reach 100% renewable electricity in global • Reduce Scope 1 and 2 GHG emissions in MT CO e Purchased Goods and Services glide path operations operations by 42% against a 2020 baseline 2 towards Net • Reduce Scope 3 GHG emissions from All other Scope 3 Zero by 2040. Purchased Goods and Services by 42% Scope 1 & 2 against a 2020 baseline 2020 2025 2030 2035 2040 * excludes Scope 3 Categories 2, 9, 11 & 12 per SBTi Net Zero Standard 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 59

Waste Generated in Operations Business Travel CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR Leased Oﬃces, Warehouses & Vehicles STRATEGY HOMES ENVIRONMENT Employee Commuting Energy Transmission Net Zero Carbon Boundary Fossil Fuels (Scope 1) The boundary and scope of our Net Zero carbon target includes the following Scope 1, 2 and 3 The proportions shown are based on a 2020 baseline. Based on SBTi criteria, this boundary does not include Purchased Electricity (Scoppe 2) categories: the Scope 3 categories “Capital Goods,” “Downstream Transportation and Distribution,” “Use of Sold Products” Finished Goods Transportaion & Logistics and “End-of-Life Treatment of Sold Products.” However, to ensure that we continue to drive action and measure progress, Colgate has set an additional and voluntary target to reduce emissions from the use and disposal of Colgate Net Zero Carbon Value Chain BoundaryPurchased Goods & Services our sold products, which is above and beyond the SBTi requirements. Colgate’s 2025 Climate Action Strategy To help support our ambitious targets around climate action and Net Zero carbon transition, we are focusing our climate strategy on five interconnected pillars: urchased Goods & ervices *** Colgate Climate Action Strategy inished Goods Transportation & Loistics *** urchased Electricity ** ossil uels * Enery Transmission *** Supply Chain Net Zero Carbon Sustainable Products Business Society & Employee Commutin *** Engagement Operations & Consumers Resilience Nature Leased Offices, Warehouses & Vehicles *** Business Travel *** Waste Generated in Operations *** * Scope 1 Climate Investment, Governance & Disclosure ** Scope 2 *** Scope 3 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 60

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Indirect Products & Services Raw Materials & Packaging Supply Chain Engagement The sourcing of our ingredients and packaging accounts for about 80% of Colgate’s Since 2008, Colgate has requested that our key Tier I suppliers and, more recently, suppliers of carbon- Purchased Goods and Services emissions, so we’re working directly with our suppliers to intensive materials, participate in the CDP Supply Chain Climate Disclosure Program to help us address encourage them to set science-based climate targets, assess their climate and water risks, climate change, as well as associated risks and opportunities in our upstream supply chain. improve their energy and water efficiency and increase their use of renewable energy. In addition, our climate engagement efforts are helping suppliers innovate to provide us with In 2021, our procurement organization elevated its climate engagement efforts with our suppliers. To kick lower-emissions ingredients and packaging, as well as carbon footprint data. off the annual CDP reporting season, we invited suppliers to participate in a special webinar focused on our climate targets, CDP's role in our strategy and best practice sharing. Seventy-one suppliers attended Emissions from Purchased Goods & Services this special webinar, during which we highlighted U.S. EPA ENERGY STAR programs, such as the Challenge for Industry, Energy Treasure Hunts, and the ENERGY STAR Guidelines. We recommended that suppliers become an ENERGY STAR Partner Company and asked them, if they’re not already, to do the following: • Measure GHG emissions and water usage • Track annual performance against those goals • Set short- and long-t erm goals to reduce • Report progress against goals via CDP climate emissions and water usage and water surveys Carbon-Intensive Materials Raw Materials & Packaging We have identified the ingredients and packaging materials in our product categories that have the highest Indirect Products & Services carbon impacts. Our research and development, procurement and commercial teams are working to leverage this information to help them identify and prioritize opportunities through material and supplier choices without negatively affecting consumer experience, quality or cost. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 61

Waste Generated in Operations CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING Business Travel NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Leased Oﬃces, Warehouses & Vehicles Employee Commuting Energy Transmission Net Zero Carbon Transition—Supply Chain Net Zero Carbon Operations Fossil Fuels (Scope 1) In alignment with our overall Net Zero carbon transition approach, Colgate is focused first on our We are committed to decarbonizing our operations to align with limiting global temperature rise to supplier efficiency opportunities to decarbonize. This includes their focus on energy and transportation 1.5°C above pre-industrial levels and we encourage every Colgate factory, logistics team, warehouse Purchased Electricity (Scoppe 2) efficiency, as well as investments in renewable energy, lower carbon and renewable feedstocks, and office to do their part to help achieve this target. sustainable packaging innovations and process technology changes. Finished Goods Transportaion & Logistics The following Scope 1, 2 and 3 categories are the sources of emissions from our operations: Net Zero Carbon for Supply Chain Emissions from Our Operations Supplier Efficiency Hierarchy Carbon-free Energy, inished Goods Transportation & Loistics *** Feedstocks & Processes urchased Electricity ** ossil uels * Enery Transmission *** Carbon Removal Employee Commutin *** Leased Offices, Warehouses & Vehicles *** Business Travel *** Waste Generated in Operations *** * Scope 1 ** Scope 2 *** Scope 3 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 62

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Net Zero Carbon Transition—Operations U.S. EPA ENERGY STAR After the initial development of our Climate Action & Net Zero Carbon Roadmap, we held webinars In 2021, Colgate was named a U.S. EPA ENERGY STAR Partner of the Year for the 11th consecutive year and to roll-out this plan to our operational teams and educate them on how to take action to decarbonize was recognized specifically for Sustained Excellence, reflecting the long-standing commitment and results their activities and encourage them to take such action. Topics included defining Net Zero carbon on increasing energy efficiency around the world. The following programs have contributed to the achievement and highlighting the main tactics available such as renewable energy sourcing, energy efficiency of Colgate’s energy intensity reduction goal. upgrades, electrification and the identification of process improvements. The overall approach for Net Zero carbon in our operations is shown below: “Top 10” Energy Actions To help our global sites prioritize the most effective energy reduction activities, we use a “Top 10” Energy Net Zero Carbon for Operations Actions program, which tracks progress against our most impactful global energy reduction opportunities. 5% for the Planet Our “5% for the Planet” program helps ensure that our global manufacturing sites identify, fund and implement Energy Efficiency climate, energy, water and waste projects that deliver environmental improvement with a cost savings. The program sets an annual goal to invest a minimum of 5% of our manufacturing capital expenditure budget on cost-savings projects that deliver energy reduction, water conservation and reduction of waste to landfill, Hierarchy Carbon-free with at least 2% of the manufacturing capital budget targeted specifically toward energy efficiency projects. Energy Since the inception of the program in 2011, Colgate has invested more than $301 million in over 1,500 projects, delivering an estimated savings of more than $97 million. Carbon Removal Energy Treasure Hunt Program We engage people across Colgate’s operations to participate in our Energy Treasure Hunt program. Over a three-day period, 30 to 50 participants visit all areas of a facility, searching for energy waste and brainstorming opportunities to drive continuous improvement. To date, participants in this global program have identified nearly 2,500 energy savings projects. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 63

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Energy Reduction Teams Colgate’s Global Energy Reduction Team leads the technical implementation of Colgate’s energy strategy by setting annual objectives and developing tools and programs to help our sites reach their energy reduction targets. This cross-functional global team is composed of individuals with expertise and passion for reducing Colgate’s energy use and GHG emissions. For 18 years, this dedicated team has continued to focus on supporting our plants with many tools, activities and initiatives. Renewable Electricity In 2021, we developed a Renewable Energy Master Plan (REMP) to help reach 100% renewable electricity across our operations. The REMP has been informed by third-party energy experts providing intelligence on the available tactics to obtain renewable electricity at each of our locations. Also, to help achieve our 100% renewable electricity by 2030 target across our operations, we have assigned responsibility for renewable energy to our division procurement leaders. In 2021, people at our Mission Hills manufacturing The four primary tactics of the Renewable Energy Master Plan are: facility in Mexico discovered 58 energy 1. On-Site Solar Generation 2. Utility Green Power 3. Verified Renewable Energy Certificates 4. Virtual Power Purchase Agreements projects to reduce the site’s energy consumption. Our REMP provides detailed visibility into the In 2021, five new on-site solar installations were timelines and milestones to reach 100% renewable completed at Colgate facilities in India, Turkey, electricity for each manufacturing site and Colgate- Greece and two in the United States. In addition, owned warehouse and office across the four our Burlington, New Jersey, location installed and tactics. activated solar panels that are capable of providing 100% of their onsite electricity load. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 64

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Business Resilience Climate Scenario Analysis We acknowledge that the impact of climate change poses potential short-, medium- High / Moderate / Low Low Climate Moderate Climate High Climate and long-term risks to our business. As Carbon Price Scenarios Change Scenario Change Scenario Change Scenario we accelerate the decarbonization of our value chain to help limit global temperature rise to 1.5°C, our teams are building climate resilience into our global business Policy and Legal Transitional Risks Physical Risks Acute activities. We are continuing to assess our climate impact, risks and opportunities Reputation Progressive and to integrate our sustainability strategy Market across our organization while creating a Technology Business Risks healthier future for all people, their pets and our planet. Revenue | Cost | Assets | Liabilities Climate-Related Scenario Analysis the key findings of the climate-related scenario analysis conducted, please see our report aligned with the TCFD recommendations. Climate-related scenario analysis is a tool that helps assess an organization's financial exposure to climate change, both for physical and transition risks under different climate futures. The information collected through this process will help us prioritize our risk management activities, inform our strategy, create capacity to set an internal carbon price, better assess the return on investment for Colgate engaged with a third-party expert to conduct a climate-related scenario analysis to better sustainability related capital investments, align with new public reporting and disclosure frameworks and understand how climate change may impact our business and what type of actions can be taken respond in a more complete way to investor requests about the potential climate risks to our business model. to avoid climate risks or capture opportunities. The analysis covered the potential impacts of both physical risks, such as hurricanes or droughts, and the transitional risks, such as carbon We are continuing our work to conduct further climate scenario analyses, including pilot projects to quantify pricing, regulatory requirements and impacts on Colgate’s reputation. For more information on and monetize the climate and water risks. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 66

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Mitigation and Adaptation Society and Nature To address the physical risks of climate change to our operations, Colgate has a long-standing Climate Justice and Equity operations risk management process that includes managing the effects of episodic climatic events, such as storms, floods, droughts and temperature extremes, to our facilities and supply As part of Colgate’s work to address climate change and transition to a Net Zero economy, we recognize chain. Colgate is committed to developing a long-term strategy to mitigate risks from climatic the potential social impacts of our climate strategy as a relevant issue for our business, as referenced in events. As part of our property loss-prevention program, our strategic manufacturing sites are the Paris Agreement on climate change. Often those with the smallest contribution to climate change are highly protected against risks. Third-party assessments on property loss control are conducted the worst affected by it. The livelihoods of the world’s most vulnerable are often threatened by the adverse annually for all strategic sites. Additionally, we develop and routinely update category contingency effects of climate change, as well as mitigation measures. product sourcing plans to respond to, among other things, climatic events, including their impact on the availability of raw and packaging materials and logistics. Through work that we conduct with our partner Earthworm Foundation supporting our Palm Oil Program; we engage with small holder farmers, communities and local governments in Indonesia, Malaysia and To address the transition risks of climate change, such as carbon pricing, markets and technology, Latin America. These projects focus on building capacity with farmers and communities to implement good we are, among other things, reducing our energy usage and, in turn, our GHG emissions which forest management practices, implementing conservation practices for existing forests and engaging with enable us to mitigate potential costs. To learn more about Colgate’s strategy to respond to climate- governments to ensure beneficial land use planning to protect standing forests. related risks and opportunities, please see our report aligned with the TCFD recommendations. In addition, we are working to embed sustainability into all our products and brands. Our R&D and procurement teams are working to design sustainable products without negatively affecting consumer experience and the products’ efficacy, quality or pricing. This can help enable more equitable access to low- carbon products as markets shift with the transition to Net Zero. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 67

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Nature Climate Investment, Governance and Transparency In 2021, Colgate began engaging with GlobeScan on their Nature Agenda Project, which is a shared Underpinning our entire Climate Action Strategy are the critical elements of investment, research and engagement program launched in 2021 with the support of 26 member companies. governance and transparency. The program includes consumer insights across 11 countries and research with stakeholders across sectors on expectations and good practices for how companies address nature-related issues, Investment risks and opportunities. Program findings are intended to help member companies develop and strengthen their strategies and programs to protect and restore nature. Our longstanding capital program strategic framework recognizes and prioritizes investments in projects that support our sustainability goals. Specifically, the capital program recognizes and supports the investments Colgate is also engaged with several organizations, such as the Water Resilience Coalition (part of we make in the areas of renewable energy, energy efficiency, water efficiency, zero waste and packaging the UNGC’s CEO Water Mandate), the World Resources Institute, Gartner and GlobeScan to better recyclability, reusability and compostability projects. Additionally, our well-established “5% for the Planet” understand the role of Natural Climate Solutions in our Climate Strategy to address multiple program helps ensure that our global manufacturing sites identify, fund and implement climate, energy, water environmental and social co-benefits such as biodiversity, water security, social impact and overall and waste projects that deliver environmental improvement and often cost savings. business resilience. In addition, in support of our 2025 Sustainability & Social Impact Strategy, in November 2021, we issued the No Deforestation Sustainability Bond. An amount equal to the net proceeds of the Sustainability Bond will be used to finance or refinance, in part or in full, new and existing projects and programs with distinct environmental and/or social We recognize that deforestation and forest degradation contribute significantly to the release of benefits pursuant to our Sustainable Financing Framework, which is available on the investor center section of GHGs. Our efforts to protect the environment through our sourcing practices are focused on key our website. The framework includes projects that help achieve our climate targets. forest risk commodities including palm oil, soy-based products, pulp and paper-based packaging and beef (tallow). We have developed and implemented commodity specific policies for palm With the recent establishment of our new science-based climate targets, which are aligned with the Paris and soy that outline our expectations for suppliers of these materials and have an overarching Agreement’s objective of limiting global warming to 1.5° Celsius, we are committed to align future overall No Deforestation Policy that applies to the four key forest risk commodities we source. We capital expenditure plans with our long-term Net Zero GHG reduction targets. work closely with external partners, stakeholders and our peers to take action to protect at risk ecosystems and forests and work closely with local farmers, communities, governments and our supply chain to mitigate the risks of deforestation. One such example is through the work we conduct as a member of the Consumer Goods Forum - Forest Positive Coalition. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 68

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Governance Partnering for Climate Leadership Colgate’s CSO chairs our Sustainability Steering Committee, which makes strategic decisions related We understand that addressing climate change cannot be done by a single entity and will require to sustainability, monitors climate-related issues and works to integrate our sustainability strategy, collaborative action across the board. This makes our engagement and collaboration with external including climate change, into our broader organization and meet our sustainability targets and partners an important element of our sustainability strategy, and through these partnerships we KPIs. For more information regarding how sustainability is governed from a Board and management can complement our strong internal capabilities to create a healthier planet. perspective, please see Sustainability Governance. We are working with partners and organizations to accelerate action on climate change, eliminate waste, lead Transparency and Disclosures with zero waste facilities and drive sustainable sourcing. Colgate is proud to contribute to and learn from the collective intelligence of our partners in sustainability: These include: Transparency is important to us and to our stakeholders, as it provides accountability and trust. In this report, we provide climate-related information relevant to a broad range of stakeholders. • USEPA Green Power Partnership • Dow Jones Sustainability Indices As discussed above, Colgate formed an ESG Reporting Task Force in 2021 to address our • World Resources Institute • UN Global Compact stakeholders’ increasing demands for additional ESG and climate-related disclosure. • USEPA ENERGY STAR Award 2021: Partner of • U.S. Green Building Council More information is available on our climate governance, strategy, risk management, metrics and the Year, Sustained Excellence • CDP targets in our CDP surveys, TCFD report, SASB report and our KPI table. • The Consumer Goods Forum In 2021, Colgate continued to work with Walmart’s Project Gigaton to support their goal to work with their suppliers to reduce one billion metric tons of GHG emissions from the global value chain by 2030. Through Project Gigaton, Colgate has committed to GHG goals in six areas: emissions, energy, waste, deforestation, packaging and product use. Colgate reports against these goals annually and has been recognized by Walmart as a “Giga-Guru supplier.” ll of these organizations are helping Colgate to accelerate climate action on a global scale. A 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 69

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Our manufacturing site in Bangpakong, Thailand, was also TRUE Zero Waste certified in 2021. Where waste gets diverted differs from site to site and is managed locally. One site, which manufactures They created programs to collect and divert food waste, reuse pallets and shipping containers, toothpaste, found a creative solution for waste cream products that previously ended up in a landfill. turn wastewater sludge into fertilizer and more. The site team also collected metal from waste Because the cream already had foaming power, they were able to pass it on to a vendor who uses it to beverage cans and donated the money they received to a company that produces prosthetic polish metal surfaces. limbs—a wonderful contribution to their community. Each site manages their own TRUE Zero Waste certification independently. Our corporate office provides training on the process and readiness workshops and meets with the sites to assess readiness. While as a company, to date, we have been focusing on manufacturing facilities for the TRUE Zero Waste program, we plan to include our offices and other warehouses as we work toward our 2025 goal of TRUE Zero Waste certifications everywhere. Commitment to Sustainable Buildings Colgate has committed to the U.S. Green Building Council (USGBC) Leadership in Energy and Environmental Design (LEED) certification for all our new construction projects around the world. Since 2013, we have used the LEED green building rating system to help design and construct our manufacturing sites, technology centers, warehouses and offices as one way to reduce our overall exposure to water and climate change—related issues and offer a healthier, more comfortable work environment. Currently, Colgate has 19 facilities in the United States, Latin America, Asia and Europe that have achieved 27 LEED certifications. In addition, we operate several LEED-certified third-party distribution centers. Colgate has been a member company of the USGBC since 2007 and collaborates and engages with USGBC to advance LEED and green building practices for the global manufacturing sector. Further information about Colgate’s LEED-certified buildings is available on the USGBC Green Building Information Gateway. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 71

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Water Stewardship Saving water is a cornerstone of Colgate’s 2025 Sustainability & Social Impact Strategy, a Colgate’s 2025 Water Stewardship Strategy central component of our mission to create a healthy and sustainable future. Clean water is vital to the communities we serve, yet in many regions of the world, it is becoming an increasingly scarce resource. We’re taking action to ensure water stewardship, security and resilience across our value chain, to protect ecosystems and support water access in Supply Chain Direct Operations Consumer Use Water Sanitation and Ecosystem our communities. That means we take care of water and conserve its use, help people gain Hygiene (WASH) Protection access to safe water and mitigate risks associated with water scarcity. Our Water Stewardship Strategy Conserving Water is one of our key sustainability actions and it is addressed across our VALUE CHAIN COMMUNIITES NATURE value chain, with our communities, and in nature. These define the pillars of Colgate’s Investment, Transparency and Governance 2025 Water Stewardship Strategy, which covers the following areas where we have the opportunity to manage impact: • Supply Chain • Consumer Use • Water, Sanitation • Ecosystem and Hygiene Protection Colgate's value chain water footprint consists of the water used by our suppliers to produce the raw and • Direct Operations (WASH) packaging materials we purchase, the water used by our facilities to manufacture our products and the water associated with consumer use of our products. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 72

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Our Water Stewardship Targets Water and Our Supply Chain We intend to engage all our material suppliers with operations in water-stressed regions to take By 2025, our goal is to: action on water security. One way we are increasing supplier engagement in our Water Stewardship Strategy is by participating in programs such as the CDP Water Supply Chain Program. We also • Engage 100% of our material suppliers • Promote water conservation awareness continue to help our product developers and procurement teams understand and identify our most with operations in water-stressed regions with messaging to 100% of our global water-intensive raw and packaging materials, so that purchasing decisions can consider water- to take action on water security consumers related factors where possible. • Reduce manufacturing water intensity by • Reach one million people with water, 25% against a 2010 baseline sanitation systems and health/hygiene As an example of supplier engagement, we education collaborate with the Mint Industry Research Council • Achieve Net Zero Water* at our (MIRC) to gather and analyze data from mint manufacturing sites in water-stressed suppliers to better understand the climate and areas by 2025, and all other sites by 2030 water challenges across North America and share the insights with the industry. We also engage with the MIRC to explore and adopt smart irrigation and other techniques to help farmers take good care of To achieve these targets, we’re taking water resources while producing their crops. a holistic approach, collaborating across In 2021, we started engaging our suppliers in water stressed regions of India and held a webinar to share our entire value chain. Colgate's Water Stewardship commitment and trajectory and explain how our suppliers can join us in this journey. The webinar highlighted some best practices of water stewardship projects and processes that we have put in place to address water issues at Colgate. It also included a call to action to our suppliers to start measuring and managing their own water risk and consumption. * as defined by the USGBC’s LEED Zero program 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 73

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Direct Operations Key elements of our Operations program include: We continue to invest in water conservation and assess water risks associated with our global operations. We recycle/return water in highly stressed regions and manage our wastewater appropriately. We remain laser-focused on withdrawing the least amount of water from the environment. 5% for the Planet We invest in water conservation strategies at our global facilities through our manufacturing capital Our plants deploy ever-more-efficient practices as we keep driving down our water manufacturing expenditure program, "5% for the Planet," and by implementing our Water Stewardship Strategy. A intensity. We are improving our cleaning and sanitization processes, for example, to now require minimum of 1% of the manufacturing capital expenditure budget is targeted specifically toward water far less water and energy by innovating with our partners at Ecolab. conservation projects. We have had manufacturing water conservation goals since 2002, and since then we have reduced True Cost of Water the water consumed per unit of production in the manufacture of our products by 52%, exceeding our 2020 target. Our 2025 target is to reduce our manufacturing water intensity by 25% compared Our True Cost of Water Toolkit, developed with Rutgers University Business School’s Supply Chain to 2010. Management Program, is a manufacturing-based tool designed to help sites quantify some of the hidden costs of water, such as pretreatment and pumping. Knowing the costs encourages focus on opportunities for financial and environmental improvement. Water Stewardship Standard Colgate’s global Water Stewardship Standard helps all our manufacturing facilities and technology centers develop responsible and appropriate programs to ensure that water-related risks are understood and managed, and that water conservation opportunities are continuously evaluated and implemented in support of Colgate’s environmental and sustainability targets. Water Stewardship Standard expectations vary by the level of geographic water stress. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 74

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Supplier Engagement Assessing and Managing Supplier Risk Our global procurement team is composed As a multinational company with a global supply chain, adverse actions and events associated with of dedicated professionals in every division our supply chain could affect our reputation as a responsible company. To manage the risk to the of the Company. We strive to develop Company and to the workers in our supply chain, we have a formal process to identify and manage relationships with suppliers that will help social, ethical and environmental risks in our supply chain and with other business partners. us exceed our stakeholders’ expectations for quality, service, cost effectiveness, sustainability and innovation. To learn more, see Colgate’s Procurement Policies. Colgate’s Supplier Responsible Sourcing Assessment (SRSA) program requires selected suppliers and In order to engage with our suppliers in business partners to complete a self-assessment focused on labor practices, human rights, worker a meaningful manner, we are developing health and safety, environmental management and business integrity. Using a supplier risk assessment a system whereby we can collect and scorecard, selected suppliers and business partners are scored against critical risk factors to determine analyze a range of key data points from our the need to conduct a social compliance audit. When a supplier is assessed as high risk, a third-party audit suppliers and engage with them on setting of their facility is required. Through the SRSA program, we have assessed the performance of more than performance targets. We will continue 70% of our suppliers in high-risk geographies since 2012, driving improved working conditions for more this effort in 2022 and will report on our than 205,000 employees across our external supply chain. To date, there are more than 700 suppliers and progress. service providers in the program, and approximately 50% have conducted a social compliance audit. Colgate is also a member of the Supplier Ethical Data Exchange (Sedex) and we use the Sedex Members Ethical Trade Audit (SMETA) protocol to assess suppliers’ compliance with laws covering freedom of association, forced and child labor, health and safety, wages and benefits, working hours and discrimination, and environmental and business ethics matters. Since the program’s inception in 2012, we 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 80

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT have assessed more than 80% of our spend, including raw material and packaging suppliers, Supporting Working Conditions Globally service providers, contract manufacturers, co-packing facilities and warehousing operations. We have also completed assessments of all our manufacturing facilities and conducted social We believe that every worker should have freedom of movement, no worker should be required to pay for compliance audits at all facilities located in high-risk geographies. a job and no worker should be indebted or coerced to work. Colgate has a long-standing commitment to respecting human rights and labor rights worldwide and supports the United Nations Universal Declaration We participate in AIM-PROGRESS, a global industry forum dedicated to the promotion of of Human Rights, the UN Guiding Principles on Business and Human Rights, and the International Labor responsible sourcing practices and sustainable production systems. In this program, suppliers Organization (ILO) Core Labor Standards. We have confirmed our support for the UN Global Compact and share noncompetitive audit data with other manufacturing companies that often use the same principles on human rights, labor, environment and anti-corruption. Our policy on Human Rights and Labor suppliers, enabling us to gain information more efficiently and relieving the burden of “audit Rights describes our commitments in detail. fatigue” on suppliers. Moreover, it is Colgate’s policy not to work with any supplier or contractor known to operate with forced To further drive improvement in our supply chain, we have participated in AIM-PROGRESS labor. We do not use forced labor within our own operations, and we seek to eradicate forced labor from capacity-building sessions in Latin America and Asia that are designed to improve suppliers’ social our supply and value chains. We, as a member of the Consumer Goods Forum—Human Rights Coalition, and environmental performance. In addition, we conduct similar independent, responsible sourcing endorse the Consumer Goods Forum (CGF) Resolution on Forced Labor and the Priority Industry training events for our suppliers. Principles (PIP). Conflict Minerals Colgate has a Policy on Conflict Minerals and supports ending the violence and human rights violations by armed groups in the Democratic Republic of Congo (DRC) and neighboring countries, which have been funded in part by proceeds from the mining of cassiterite, columbite-tantalite (coltan), wolframite and gold, and their derivatives tin, tantalum and tungsten (3TGs). Our suppliers are expected to only provide Colgate with materials that are sourced from mines outside the DRC and neighboring countries or from smelters and refiners that have been designated as conflict-free by the Responsible Minerals Initiative. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 81

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Protecting the Environment Through Responsible Sourcing development activities. Through this partnership, we also receive support for supplier engagement and overall sustainability advisory services. Our work in 2021 included enhancements to our grievance management Our efforts to protect the environment through our sourcing practices are focused on key forest process, incorporating satellite monitoring activities along with alerts via our partnerships with NGOs and risk commodities, including palm oil, soy-based products, pulp and paper-based packaging and other organizations to any activities conflicting with our policy expectations. When we are alerted to potential beef (tallow). We have developed and implemented commodity-specific policies for palm and soy issues, we engage with the suppliers and relevant stakeholders to better understand the situation and seek that outline our expectations for suppliers of these materials, and we have an overarching No appropriate remedies. Deforestation Policy that applies to the four key forest risk commodities we source. Palm Oil Soy Products Our efforts to responsibly source palm oil are guided by our Policy on Responsible and Sustainable Soy-derived products are also an area of focus for us, and our Responsible Soy Procurement Policy outlines Sourcing of Palm Oil. This policy outlines our expectations for our palm oil suppliers and includes the our actions and expectations. We recognize that soybean is a key commodity associated with deforestation following commitments: and social conflict, particularly in South America. Therefore, we aspire to build a transparent and responsible soy supply chain and contribute to industry-level transformation. Our work on soy-based materials is • No deforestation and no conversion of • Legal compliance supported through our partnership with Earthworm Foundation and our work with the Consumer Goods native vegetation Forum - Forest Positive Coalition. • Reduction of greenhouse gas emissions • No exploitation of people or local Our specific commitments for our soy supply chain are as follows: communities • Adoption of good agricultural practices We continue to focus on increasing the transparency and traceability of palm oil we source. Our work • No deforestation • No exploitation • Adoption of good • Legal compliance on policy implementation, transparency and traceability is done in collaboration with Earthworm and no conversion of people or local agricultural Foundation and trade groups such as the Consumer Goods Forum - Forest Positive Coalition. Through of native vegetation communities practices our work as a member of the Forest Positive Coalition, we are collaborating with 20 global CPG brands and retailers to drive collective, transformative change to remove deforestation, forest conversion and We source most of our soy-based ingredients from the United States, Europe and South America, where degradation from key commodity supply chains and to support forest-positive businesses. deforestation and ecosystem degradation is a significant concern. Similar to our efforts to responsibly source palm oil, we are striving for traceability to ensure that the products we do source from those geographies can In 2021, we partnered with Earthqualizer to implement a satellite monitoring program to monitor be clearly traced to upstream suppliers who uphold our standards and comply with our policy. our Southeast Asia palm oil supply for deforestation and for fires potentially related to palm oil 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 82

CONTENTS LETTER FROM LETTER FROM SUSTAINABILITY 2025 SUSTAINABILITY SUSTAINABILITY DRIVING SOCIAL HELPING PRESERVING NOEL WALLACE ANN TRACY HIGHLIGHTS SUSTAINABILITY MANAGEMENT GOVERNANCE IMPACT MILLIONS OF OUR STRATEGY HOMES ENVIRONMENT Pulp and Paper Packaging Tallow Our commitment to responsibly source pulp and paper materials is based on our recognition that Tallow, a cattle byproduct, is a key ingredient in bar soap production. Colgate sources tallow from suppliers over half of the world’s forests have been lost. This has not only led to biodiversity loss and social in North America, Latin America and Europe. For tallow sourced from Brazil, we take steps to ensure that the instability, but also to the worsening of climate change. Deforestation of High Conservation Value tallow is responsibly sourced and does not originate from cattle ranches located in the Amazon. We require and High Carbon Stock forests, such as tropical rainforests and peatlands, has been especially that our suppliers follow environmental and social guidelines set forth by the Brazilian Institute of Environment devastating to endangered animal species and has led to significant release of carbon emissions. and Natural Resources and that cattle operations conform with the Minimum Criteria for Industrial Scale Cattle Operations in the Brazilian Amazon Biome. To learn more about our actions and progress against our work on Our efforts are guided by the pulp and paper packaging section of our No Deforestation Policy, beef (tallow), please see the Beef (Tallow) section of our No Deforestation Policy. which outlines our expectations for how we source these materials. The guiding principles that underpin our approach include: • No illegally harvested • No deforestation of High Conservation Value wood (HCV) areas • No exploitation of people • No sourcing of wood from forests that were Partnerships or local communities converted to plantations or non-forest uses An important element of our sustainability strategy is our engagement and collaboration To mitigate risks in our supply chain and ensure that we are sourcing our pulp and paper products with external partners, which in alignment with our values, we seek to maximize the use of recycled content products wherever complement our strong internal capabilities. These possible. We conduct an annual risk assessment process for all paper and pulp packaging suppliers partnerships help us achieve and the materials they source to Colgate, and we utilize Forest Stewardship Council certified our ambitions to source materials to further support our approach to sourcing sustainable paper-based packaging. Through sustainably and to strive for our partnership with the Rainforest Alliance, we conduct an annual paper-based packaging supply Net Zero deforestation. risk assessment, which helps us to identify sources of high risk within our supply chain and the implementation of actions to mitigate sustainable sourcing risk. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 83