43 SOCIAL IMPACT SOCIAL INVESTMENTS OUR MANAGEMENT APPROACH From funding breast cancer research to providing COVID-19 relief and breaking down barriers for women and girls, we’re committed to helping support people in the communities where we live, work, and source. We make financial, product, matching, and in-kind donations across our Company, our brands, and through The Estée Lauder Companies Charitable Foundation (ELCCF). Oversight of the ELCCF is provided by the ELCCF Board of Directors, which is composed of both senior Company leaders and independent directors. During fiscal 2021, we worked to deepen our impact by aligning ELCCF’s strategy with our social impact and gender equality strategies—broadening girls’ education to include women’s advancement; mobilizing increased investments to support racial justice and promoting the interests of equity in society; and enhancing our commitment to our communities through investments in people and the planet. SUPPORTING RACIAL AND SOCIAL JUSTICE Since announcing our commitment of $10 million over three years to support the work of prominent racial and social justice organizations, The Estée Lauder Companies Inc., its brands, and the Lauder family, including through the ELCCF and ELC Good Works, awarded grants totaling more than $8 million USD to support external organizations and nonprofits. Collectively, employees made more than 4,500 donations between June 1, 2020, and June 30, 2021, to various racial equity nonprofits through ELC Good Works, our global charitable matching gifts and volunteerism program, totaling $3.1 million USD in employee donations and Company matches. We have deepened our support to the Black and Asian American Pacific Islander (AAPI) community by accelerating our efforts to make racial equity a priority across the enterprise. We have continued to champion initiatives that provide greater access to education through groups such as NAACP Legal Defense and Educational Fund, Inc.; the Equal Justice Initiative; Asian Americans Advancing Justice—AAJC; and The Young Women’s Leadership Schools (TYWLS), a program of the Student Leadership Network. Learn more about our racial equity commitments on page 36. PROGRESS TOWARD OUR GOALS GOAL: Each brand * will focus on and support at least one social or environmental cause by 2025. Our brands help support causes that matter to them and their consumers. As of June 30, 2021, 95% of our brands are focused on an environmental or social cause. *For purposes of this metric the number of brands is 22. This number excludes brands acquired by ELC during or after fiscal 2020 and certain licensed brands for which ELC has determined that it will cease to be the licensee. Beauty Beyond Boundaries event, sponsored by M·A·C