STRATEGIES FOR CHANGE Planet Renewable Energy Plant-Based Menu FY21 Results: Renewable energy powered 66% of company-operated FY21 Results: Continued to expand plant-based menu items for customers. facilities globally. Expanding Starbucks plant-based menu items globally is one of the ways we are Worldwide, Starbucks purchases enough renewable electricity to power pursuing our plant positive aspirations. Our aim is to provide our customers a 100% of our company-operated stores in the U.S., Canada and U.K. In FY21, variety of choices as part of their Starbucks experience. Customers around the renewable energy powered 66% of company-operated facilities globally globe continue to see new additions to their local menus. Starbucks joined forces compared to 72% in FY20, with market constraints in China and Japan with plant-based innovators so that today nearly all stores across our markets challenging our ability to meet the goal of using renewable energy to power offer plant-based food and beverage menu items. 100% of our operations globally. In the Asia Pacific region, Starbucks has introduced plant-based beverage and Expanding our roster of renewable energy projects in the U.S. is a priority for food choices in markets such as Hong Kong, Indonesia, Philippines, New Zealand, Starbucks. In FY21, we continued to use our scale to drive innovation across Singapore, South Korea, Taiwan and Thailand. Customers in Starbucks Caribbean the energy sector and support not only our stores but also the communities markets can now enjoy the Impossible Breakfast Sandwich while those in Chile in which we operate with renewable energy. Starbucks committed to can savor two plant-based paninis made in association with NotCo. Starbucks investing nearly $ customers in the U.K. can enjoy Beyond Meat Breakfast Sandwiches and in 97 million in up to 23 new community solar projects in New York in partnership with Generate Capital, which will supply solar energy January 2021, Starbucks in UAE and Kuwait launched new plant-based food to more than 24,000 households, small businesses, nonprofits, churches, including the Beyond Meat Triple Cheese Wrap and Beyond Meatball Arabian universities and Starbucks stores. Six of these projects went into service FY21, Ciabatta. Starbucks continues to introduce new drinks and food to menus while serving communities that historically do not have access to clean energy. innovating with plant-based ingredients across key platforms like espresso, cold Starbucks also completed the installation of a one-megawatt solar array at brew, refreshment, food and more to meet growing customer demand globally. the Starbucks Carson Valley Roasting Plant and Distribution Center. On-site solar energy will provide nearly a third of the Roasting Plant and Distribution Sustainable Dairy Center’s electricity for the year. $ In FY21, a combined Virtual Power Purchase Agreement (VPPA) and FY21 Results: Invested 10 million in U.S. Dairy Net Zero Initiative. Virtual Storage Agreement (VSA) that Starbucks entered came online and Since Starbucks introduced its first handcrafted coffee beverage, the Caffè Latte, is estimated to provide renewable energy for more than 550 stores in in 1984, cow’s milk has been an integral ingredient for the company. While California with solar energy and utility-scale batteries. And, in Southwestern Starbucks will continue to expand plant-based menu options, dairy remains an Washington, Starbucks supported the development of a new wind project important option for our customers. At the same time, dairy is one of the largest which will provide renewable energy to approximately 140 Starbucks Stores contributors to Starbucks carbon footprint and water withdrawals. To reach our and the company’s Kent Roasting Plant, along with numerous communities in planet positive goals, we must innovate and work with others to source dairy Washington. responsibly and sustainably. As Starbucks advances its renewable energy strategy, the company will use its In FY21, Starbucks joined the U.S. Dairy Net Zero Initiative, a partnership of the scale to drive innovation across the energy sector, applying an environmental U.S. dairy community seeking to enable progress toward the industry’s goals and climate justice lens to new investments in the U.S. and Canada. of achieving greenhouse gas neutrality and improvements in water quality on $ farms. Through a 10 million investment, Starbucks is providing more farmers access to effective environmental and economically viable practices and technologies – from feed production to manure handling, cow care and on-farm energy efficiency. Starbucks also joined the Farm Powered Strategic Alliance as a founding member, repurposing food waste in Starbucks supply chain into renewable energy via farm-based anaerobic digesters. The process produces low carbon fertilizer that host farms use to support regenerative agriculture practices, while Starbucks, in turn, helps contribute to a low carbon economy.