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Citizenship Integrated
into Our Operations

Two R&D professionals in lab coats—one uses a microscope; the other handles lab materials.

I want to share perspective on P&G’s Citizenship work — why we do it and why it is important.

We see success in Citizenship as an opportunity to create competitive advantage that drives shareholder value. P&G’s ability to grow is directly connected to our commitment to responsible business and doing good. In turn, our ability to do good is strengthened by our growth. We view our Citizenship work — community impact, equality and inclusion, environmental sustainability and good governance — through this lens.

Take our work in Community Impact. We support those in need because it is not only the right thing to do, but it also builds trust and equity for P&G and our brands. At the same time, it helps attract top recruits to P&G, and it is a point of pride for P&G employees, allowing us to retain our strong talent.

Equality and Inclusion is good for our business because it broadens our ability to understand and delight the billions of consumers we serve around the world and retain the best and broadest pool of talent available to best serve these increasingly diverse consumers. Simply put, it helps us win, and we are committed to an equal, diverse and inclusive organization, culture and workplace for all.

Environmental Sustainability is important because we will increasingly fail to delight consumers and customers if we are unable to make strides toward environmental sustainability. In the spirit of continual progress, stretching ambitions keep us focused on what’s possible today and into the future. We look first at how we can reduce our impact from our own operations; second, how we can enable consumers to reduce their footprint through superior products that are more sustainable; and third, how we can create and scale cross-industry solutions to help reduce environmental impact.

From P&G’s humble beginnings in 1837, good governance has been the foundation for all that we do. Guided by our Purpose, Values and Principles, we are committed to doing what is right and to being a good corporate citizen. This is why consumers trust us, partners do business with us, governments and community leaders want to associate with us, and shareholders invest in us.

Citizenship approached this way — integrated into every aspect of our operations — with initiatives around community impact, equality and inclusion, environmental sustainability and good governance ultimately aimed at supporting sustainable growth will enable us to delight all stakeholders: consumers, customers, employees, society and our shareowners.

We balance the needs of all stakeholders.
To learn more about our work, visit us at pginvestor.com/esg.

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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.