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digitization of our manufacturing lines, more use of artificial intelligence and more use of blockchain technology are not ends unto themselves. They are tools we can use to delight consumers and customers. Fourth, a Superior Employee Value Equation for all gender identities, races, ethnicities, sexual orientations, ages, and abilities — for all roles — to ensure we continue to attract, retain and develop the best talent. By definition, this must include equality. To deliver a superior employee value equation, there must be something in it for everyone. These are not new or separate strategies. They are necessary elements of focus in continuing to build superiority, in reducing cost to enable investment and value creation, and in strengthening our organization. They are part of the constructive disruption we must continue to lead. Meeting Consumer, Customer, Employee, Societal and Investor Needs In the ever more complex world we live in, it is not just top and bottom line that must be delivered and balanced. We must endeavor to deliver against the needs of an increasing number of constituents. This is especially true in our efforts in Environmental, Social and Governance (ESG), where consumer, customer, employee, society and shareowner expectations are growing. As I shared earlier, our consumers increasingly rely on us to deliver superior solutions that are sustainable. Our world requires that we do our part in this regard. This challenge is also an opportunity to extend our margin of superiority, further grow categories, and create more value, all while improving our own environmental impact, enabling consumers to reduce their footprint, and helping society solve some of the most pressing global challenges. Citizenship Community Impact Equality & Inclusion Environmental Sustainability Ethics & Corporate Responsibility For more about our work in all these areas, visit our ESG for Investors website at pginvestor.com/esg and read our latest Citizenship report at pg.com/citizenship . At P&G, we aim to be a force for growth and a force for good. The Procter & Gamble Company • vii

The Procter & Gamble Annual Report - Page 9 The Procter & Gamble Annual Report Page 8 Page 10