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