To our stakeholders Jeffrey L. Harmening Chairman, Chief Executive Officer General Mills INTRODUCTION For more than 150 years, General Mills has been making food the world loves. For us that has always meant ensuring our food is a reflection of our ability to do good for our people, planet and communities. That central mission is at the heart of General Mills — and was never more important than it was in 2021. Putting people first In the face of the COVID-19 pandemic, our employees met the moment with resolve. They understood that under normal circumstances we dedicate ourselves to make food the world loves — but in the pandemic, we are also making food the world needs. We appreciate that millions of families are nourished by our food. So when disruptions in the global supply chain came, we committed ourselves to innovative and creative new approaches to ensure we could successfully deliver to meet our consumers’ needs — and we did. Our focus on putting people first extends beyond our consumers to across our entire value chain... the farmers who grow our ingredients, our employees, who are the heartbeat of General Mills and, of course, the communities we are proud to be a part of and serve. We took additional steps in 2021 to provide our employees with a safe workplace, to support their mental health and well-being, and to foster a culture of inclusion and belonging, so that employees could bring their unique selves to work every day and thrive. Addressing inequality We also continued our commitment to use our scale to drive sustainable and meaningful change on issues of racial and social injustice. We come to the table humble, understanding these are broad and complex issues. But we also come with resolve knowing that we have to be part of a larger collective effort if we hope to make significant progress in this space. We have made progress to target racial disparities in food security and its disproportionate impacts on communities of color, support nonprofit organizations that are working to bring about equity in education, and address representation and access opportunities within our own workforce. For example, through our Box Tops for Education program we are equipping teachers to identify and address racial bias, supporting programs to increase the number of teachers of color, and distributing funds to impact schools in need across our headquarters community in Minnesota. Regenerating our planet As extreme weather events occur with greater intensity and frequency around the world — with devastating effects on people and the natural resources necessary to produce food — we recognize that adopting more sustainable practices is not enough. We instead need to regenerate the world’s resources to strengthen ecosystems and community resilience. General Mills is leading the industry in advancing regenerative agriculture by partnering with farmers, advancing science, and measuring outcomes. We see regenerative agriculture driving significant impact on planetary health, people and in reaching our 2030 and 2050 climate targets. In our 52nd year of reporting social and environmental performance to stakeholders, we remain committed to disclosing our progress, as well as our challenges. We continue to support key global efforts to advance the sustainability agenda, including the United Nations Global Compact, which we have endorsed since 2008. While plenty of work remains to be done, we are optimistic. I am incredibly proud of the General Mills team that shows up every day with passion, care and ingenuity. We are inspired by the past and energized by the future we are shaping together. We understand we have a role to play — and we are more determined than ever to ensure the G in General Mills stands for Good. Sincerely, Jeff GENERAL MILLS GLOBAL RESPONSIBILITY 01