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
Colgate Palmolive Sustainability & Social Impact Report Page 63 Page 65