10 LEADERSHIP LETTERS Product Responsibility We are committed to sourcing ingredients responsibly and with attention to potential impacts on people and environment. With 100% of our palm-based ingredients Roundtable on Sustainable Palm Oil (RSPO) certified, we continued to increase our purchase of palm oil from RSPO-certified physical supply chains in 2021, including through the purchase of RSPO Independent Smallholder credits. Through these purchases, we supported groups inclusive of more than 2,200 independent smallholder palm oil farmers in Indonesia and Malaysia. Our innovative green chemistry program is now integrated into our product development process, giving us visibility into the green chemistry profile of new product launches. We are moving quickly to advance this work, especially in light of growing consumer interest in product formulation and believe that we are well positioned to lead in this space. Consumers around the world trust our brands to deliver the best beauty performance and to do so safely, as supported by the most up-to-date research and safety review, evaluation and testing of ingredients and finished products. We are committed to sharing information about our ingredients and why we use them, with our goal to have all brands publish key ingredient glossaries by the end of calendar year 2025. Clinique, Origins, Aveda, and La Mer launched ingredient glossaries on their websites last year, and, in fiscal 2021, an additional seven brands—Estée Lauder, M·A·C, Bobbi Brown, Bumble and bumble, Editions de Parfums Frédéric Malle, GlamGlow, and Smashbox—published their own online glossaries. Social Investments In fiscal 2021, we worked to deepen our impact by further aligning the strategy of The Estée Lauder Companies Charitable Foundation (ELCCF) to our broader social impact, racial equity, and gender equality strategies. This alignment will help us identify and support programs at the intersection of climate justice, human rights, and well-being—with a focus on equity. ELCCF’s enhanced focus on gender equality builds on our legacy of funding girls’ education and leadership programs, and emphasizes elevating women’s power, agency, and leadership at all levels. Our flagship social impact programs underpin our global social investment strategy. Founded in 1992 by the late Evelyn H. Lauder with the launch of the iconic Pink Ribbon, The Estée Lauder Companies’ Breast Cancer Campaign (The Campaign) is our largest corporate social impact program. Together, The Campaign and ELCCF have funded more than $108 million for lifesaving global research, education and medical services. Our groundbreaking M·A·C VIVA GLAM campaign has raised more than $500 million since its inception in 1994 for the global fight against HIV /AIDS and its mission to support health and rights for all, with a focus on women and girls and the LGBTQIA+ community. CONFIDENCE IN THE FUTURE We are proud of the progress we have made as a company to advance our social impact and sustainability strategies, while navigating the ongoing complexities of COVID-19. As always, we thank our employees across our global organization and our stockholders, consumers, suppliers, and communities for their continued support and belief in The Estée Lauder Companies. With our values and our purpose continuing to guide us, our future will be bright. WILLIAM P. LAUDER Executive Chairman The Estée Lauder Companies Inc. FABRIZIO FREDA President and Chief Executive Officer The Estée Lauder Companies Inc