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 PRESERVING OUR ENVIRONMENT Eliminate Plastic Waste: Accelerate Action on Climate Change: Lead with Zero Waste Facilities: We will design and deliver zero plastic waste We've targeted Net Zero carbon emissions across We will operate high-efficiency, low-impact, zero solutions for Colgate-Palmolive products. We aim our growing business, including our own operations, waste facilities and achieve 100% zero waste to eliminate one third of our new plastics and suppliers and consumers. Our goal is to achieve Net operations. achieve 100% recyclable, reusable or compostable Zero carbon by 2040 and 100% renewable electricity plastic packaging by 2025. for our global operations by 2030. Water Stewardship: Drive Sustainable Sourcing: We will work for water resilience across our value chain, protecting ecosystems and supporting water access. We will engage all of our key suppliers in order to Our goal is to achieve Net Zero water at our manufacturing sites in water-stressed areas by 2025 and across all support our goal to source sustainably and strive for sites by 2030. Net Zero deforestation, prioritizing palm and soy. Sustainability Bond To further our ambitious 2025 Sustainability & Social Impact Strategy, in November 2021, we issued EUR 500 million of eight-year notes at a fixed coupon rate of 0.300% (the Sustainability Bond). We will allocate an amount equal to the net proceeds from the Sustainability Bond to finance or refinance, in part or in full, new and existing projects and programs with distinct environmental and/or social benefits, as described in our Sustainable Financing Framework available on our website. 2021 SUSTAINABILITY AND SOCIAL IMPACT REPORT PAGE 09