4 Environmental 1. SUSTAINABILITY AT NETFLIX The science is clear: stabilizing the climate at 1.5°C and investing in nature will help ensure a habitable world for generations to come. We are acting on that science with the climate commitment we unveiled last year. And while we have much more work to do, we’ve made promising strides in 2021. For example, we: • Delivered emission reductions: We reduced or avoided more than 14,000 MT of greenhouse gas emissions: This translates to cutting our 2021 Scope 1 and 2 footprint by 10%, putting us on track to meet our goal to cut 45% of our Scope 1 and 2 emissions by 2030. Several projects contributed to this: working with our utilities, landlords, and streaming partners to switch to renewable electricity, swapping in renewable diesel on our productions, trialing EVs, replacing diesel generators with mobile batteries or hydrogen power units, and buying sustainable aviation fuel. • Designed our 2030 decarbonization roadmap as part of our low carbon transition planning process. This includes setting milestones for internal decarbonization that allow us to meet our 2030 science-based emission reduction target. • Secured validation of our science-based target: We set and implemented our science-based target (SBT) of 46.2% absolute emissions reduction below 2019 levels across Scopes 1 and 2 by 2030. Our target was validated by the Science Based Targets Initiative in July 2021. • Conducted a company-wide climate risk assessment as part of our annual risk assessment process, led by our Internal Audit and Sustainability teams. • Co-founded the Sustainable Aviation Buyers Alliance , earning public mention by the U.S. White House, and launched the Business Alliance for Scaling Climate Solutions in partnership with other leading companies. • Broadened research on the carbon footprint of video streaming with university researchers and peer entertainment companies with a white paper by Carbon Trust. • Released Netflix’s first Sustainability Collection of titles in partnership with the COP26 Presidency (the UK government). • Advocated via industry associations for relevant incentives and policies material to our public climate commitments. • Supported our filmmakers in telling entertaining and enriching stories that shine a light on sustainability, creating resources for viewers of Don’t Look Up and Breaking Boundaries to learn more about the climate. • Hosted our first ESG Investor Day with our executive staff, three board members, and 40% of our institutional shareholders participating.