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