New York – (business wire)–Colgate-Palmolive Company (NYSE: CL) today announced that the company’s net zero emissions reduction target has been approved by The Science Based Targets Initiative (SBTi). Daiichi Sankyo announced approval from SBTi, a coalition of CDP, the United Nations Global Compact (UNGC), the World Resources Institute (WRI) and the World Wildlife Fund (WWF), in the fields of consumer durables, household goods and personal products. No other multinational company has the scale. ).

Colgate has been committed to addressing climate change and disclosing emissions data for over 20 years. Accelerating action on climate change is a core action of our 2025 Sustainability and Social Impact Strategy, driving our goal of net zero carbon emissions across our growing businesses.

“At Colgate, we are acting with purpose to reimagine a healthier future for all people, their pets and the planet, with an unwavering commitment across the organization to ambitious, science-based emissions reduction targets. established,” said Chief Executive Anne Tracy. Colgate-Palmolive, Sustainability Officer. “Achieving this designation from SBTi, which is considered the global gold standard for evaluating and endorsing climate goals, reflects Colgate’s commitment to making a meaningful impact on the environment and communities around the world. doing.”

Colgate Net Zero Transition and Commitment

Colgate is committed to accelerating action on climate change through science-based short-term, long-term and net-zero 2040 emissions commitments across our SBTi-approved operations and supply chain. The SBTi target validation team believes that Colgate’s target is aligned with the Paris Agreement target of limiting global warming to 1.5°C and his SBTi’s 1.5°C mitigation pathway to reach net zero by 2050. determined to be in line with

Colgate is for:

• Reduce absolute Scope 1 and Scope 2 GHG emissions by 42% by 2030 from a 2020 baseline.

• Increase annual procurement of renewable electricity from 35% in 2020 to 100% by 2030.

• Reduce absolute Scope 3 GHG emissions from purchased goods and services by 42% by 2030 from our 2020 base year.

• Achieve net zero GHG emissions across our value chain by 2040.¹

More information about Colgate’s efforts to accelerate our response to climate change can be found in Colgate’s 2022 Climate Transition and Net Zero Action Plan.

About Colgate-Palmolive

Colgate-Palmolive Company is a growing, compassionate, innovative company reimagining a healthier future for all people, their pets and the planet. With a focus on oral care, personal care, home care and pet nutrition, products are sold in over 200 countries and territories under brands such as Colgate, Palmolive, elmex, hello, meridol, Sorriso, Tom’s of Maine, EltaMD, Filorga and Irish. for sale. Spring, PCA SKIN, Protex, Sanex, Softsoap, Speed ​​Stick, Ajax, Axion, Fabuloso, Soupline, Suavitel, and Hill’s Science Diet and Hill’s Prescription Diet. Promote sustainability and community well-being through Colgate Bright Smiles and Bright Futures programs, including reducing plastic waste and promoting recyclability, conserving water, conserving natural resources and improving oral health for children Recognized for leadership and innovation. Helping more than 1.4 billion children since 1991. To learn more about Colgate’s global business and how we are building a future of smiles, please visit www.colgatepalmolive.com. CL-C

Cautionary Note Regarding Forward-Looking Statements

Historical or fact-based, including expected outcomes and effects of sustainability strategies and initiatives, including targets and projections of future outcomes, 2025 sustainability and social impact strategies, and 2022 climate change and net zero All stated action plans in this press release, and the amount and timing of their anticipated impact, are subject to the Private Securities Litigation Reform Act of 1995 and the rules, regulations and releases of the U.S. Securities and Exchange Commission (SEC). are “forward-looking statements” in the sense of Forward-looking statements generally use the term “believe,” “expect,” “estimate,” “intend,” “plan,” “strive,” “could,” “could,” can be identified by words such as ‘, ‘predict’, ‘should’. ”, “will”, “continue”, “target” and other similar expressions based on management’s views and assumptions as of the date they are made. We undertake no obligation to update these statements as a result of new information, except as required by law, and we make no representation, express or implied, that the information remains accurate or complete. Please note that forward-looking statements are not guarantees of future performance and that actual events or results may differ materially from these statements due to a number of factors. Information about factors that could affect our business and could cause our actual results to differ, possibly materially, from these forward-looking statements is provided under the caption “Risk Factors.” Information, including, is set forth in this report and in our filings with the SEC. “Cautionary Statement Regarding Forward-Looking Statements” in Colgate’s Annual Report on Form 10-K for the year ended December 31, 2021 and subsequent quarterly reports on Form 10-Q.

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¹ Excludes optional Scope 3 emissions in accordance with the SBTi net zero standard.