Balancing the Needs of
All Stakeholders

Man on floor playing with baby, handing the baby a toy car. A pack of Pampers diapers is in the background.

We see success in environmental, social and governance areas, what we call Citizenship, as an opportunity to create competitive advantage that can drive shareowner value creation. We have integrated our Citizenship work into the business and the innovation process because that is the best way to ensure consumer delight with P&G offerings. Citizenship approached this way—integrated into every aspect of our operations with all initiatives around good governance, social responsibility and environmental sustainability ultimately aimed at supporting sustainable growth—will enable us to delight all stakeholders: consumers, customers, employees, society and our shareowners.

We look at our sustainability work through three lenses: first, reducing P&G’s environmental impact from our own operations; second, enabling consumers to reduce their footprint through superior products that are more sustainable; and third, innovating to create cross-industry solutions to help solve significant challenges.

We are committed to an equal, diverse and inclusive organization, culture and workplace. We support equality and inclusion efforts with our business partners and in our communities. It is not only the right thing to do; it has everything to do with serving and delighting consumers, which is the foundation of winning in our business as we increasingly serve a more diverse group of consumers.

The foundation of everything we do is good governance, and P&G is committed to doing what is right and to being a good corporate citizen. Our corporate governance practices are designed to promote strong board and management accountability, transparency and protection of shareowner interests.

Balancing the Needs of All Stakeholders

To learn more about our work, visit us at pginvestor.com/esg

ESG Investor Portal
""

Consumer

##

Customer

""

Employee

""

Society

""

Shareowner


VARIOUS STATEMENTS IN THIS ANNUAL REPORT, including estimates, projections, objectives and expected results, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are generally identified by the words “believe,” “expect,” “anticipate,” “intend,” “opportunity,” “plan,” “project,” “will,” “should,” “could,” “would,” “likely” and similar expressions. Forward-looking statements are based on current assumptions that are subject to risks and uncertainties that may cause actual results to differ materially from the forward-looking statements, including the risks and uncertainties discussed in Item 1A – Risk Factors of the Form 10-K included in this Annual Report. Such forward-looking statements speak only as of the date they are made, and we undertake no obligation to update or revise publicly any forward-looking statements, except as required by law.