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