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