Funding to Support an Equitable Transition The changes driving the transition of our business to an all-electric future represent a seismic shift in our industry. Shifts of this magnitude have a history of leaving communities behind. As we accelerate that future, we must listen, learn and apply an equity lens to our actions. We understand that climate change does not impact every community equally, and that sustainable technology alone is not enough for everyone to benefit from an all-electric future. In its first year, the Climate Equity Fund disbursed grants to 19 nonprofit organizations. One recipient was a novel EV project, the St. Louis Vehicle Electrification Rides for Seniors (SiLVERS) program sponsored by Forth Mobility. SiLVERS provides EVs to two community centers that offer nonemergency rides to elders and distribute food to homebound seniors in North and South St. Louis. The program supports historically underserved communities with electric technologies to offset tailpipe emissions from fossil fuel-powered trips. Our understanding of community challenges associated with climate change has led to the establishment of a $50M Climate Equity Fund that provides philanthropic support to community-based organizations. We have doubled our investment since an initial $25 million in 2021. Grants are focused toward furthering the four areas of GM’s Climate Action Framework for an Equitable Transition : • future of work • electric vehicle (EV) access • EV infrastructure equity • climate equity Engaging with Stakeholders Our everybody in approach to an all- electric future extends to engaging with stakeholders on key topics. In 2021, Ceres convened a diverse group of stakeholders to provide recommendations to GM to help inform our role in an equitable transition to clean mobility within the United States. The discussion centered around three themes: • Defining equitable clean mobility, which may differ among communities and their historic context; • Economywide obstacles such as affordability of vehicles and access to charging infrastructure; and • Viable solutions in which GM can play a role such as charging and car share opportunities. In addition, other transition considerations were discussed, such as the impact on today’s workers and the need to prepare the next generation of workers for an EV future. Skip Navigation Introduction Reducing Emissions Design for Environment Technology Customers Safety Diverse Workforce Human Rights Supply Chain Communities Governance 2021 SUSTAINABILITY REPORT 100