Slide 1: General Mills 2022 Force for Good Investor Event
y General Mills 2022 Force for Good Investor Event
Slide 2: Prioritizing Force for Good
Prioritizing Force for Good So Ee Harmening General Chairman & CEO Mills > SECTION 1: JEFF HARMENING: PRIORI
Slide 3: Committed to Being a Force for Good
” Committed to Being a Force for Good ” Progress Against Ambitious Goals ” Driving Shareholder Return " >>> >>} seEcTION 1: JEFF HARMENING: PRIORITIZING FORCE FOR GOOD d
Slide 4: Accelerate Strategy
Accelerate Strategy Our Purpose ET > SECTION 1: JEFF HARMENING: PRIORITIZING FORCE FOR GOOD W Being a Force for Good
Slide 5: Doing the Right Thing has Been a Since Our Founding
Doing tl Right Thin has Beena Since our Founding > > > section 1: JEFF HARMENING: PRIORIT
Slide 6: 2022 Global Responsibility Report
2022 GLOBAL RESPONSIBILITY nd REPORT >] 52" Year Publishing Global Responsibility Report
Slide 7: Full Value Chain Greenhouse Gas Reduction Target
Full Value Chain Greenhouse Gas Reduction Target Approved by SCIENCE aN BASED \S/ TARGETS DRIVING AMBITIOUS CORPORATE CLIMATE ACTION Bold Commitment to’‘Advance Regenerative Agriculture
Slide 8: Commitments Aligned to United Nations Sustainable Development Goals
Commitments Aligned to United Nations Sustainable Development Goals >>> DD sections: Jerr HARMENING: PRIORITIZING FORCE FOR GOOD
Slide 9: Committed to Being a Force for Good
Committed to Being a Force for Good Global Impact Governance Committee Integrates ESG Across the Business Committee Members ¢ 138 ETT) Richard Allendorf Jodi Bi ‘hairman General Counsel Chief IT@ Officer Chief Executive Officer & Secretary Kofi Bruce Jano Cabrera Paul Gallagher Chief Financial Chief
Slide 10: Our Force for Good Priorities
Committed to Being a Force for Good Our Force for Good Priorities Oo 2 Sh Regenerating Improving Protecting Strengthening our our Planet Food Security our People Communities >>> D> sections: JEFF HARMENING: PRIORITIZING FORCE FOR GOOD
Slide 11: External Recognition
Committed to Being a Force for Good External Recognition 3BL Dow Jones 100 Best Corporate Citizens Sustainability Index Newsweek CDP's A Lists for America’s Most Responsible Companies Climate Change & Water Security Forbes Human Rights Campaign Best Employer for Women, Best Places to Work for LGBTQ
Slide 12: Today's Agenda
Today's Agenda >» »>>>>> Mary Jane Melendez Chief Sustainability & Global Impact Officer Regenerating our Planet Jon Nudi President, North America Retail Integrating Force for Good into our Brands Live Q&A SECTION 1: JEFF HARMENING: PRIORITIZING FORCE FOR GOOD Paul Gallagher Chief Supply Chain Offic
Slide 13: Regenerating Our Planet
Regenerating Our Planet ? General Chief Sustainability & Global Impact Officer Mills MARY JANE MELENDEZ: REGENERATING OUR PLAN
Slide 14: Global Impact Team
Global Impact Team py Stewards Sustainability and Philanthropy Efforts y py Partners Across the Organization to Achieve Commitments y ~S i: >>> > section 2: Mary JANE MELENDEZ: REGENERATING OUR PLANET > d
Slide 15: Working Differently to Achieve Commitments
Working Differently to Achieve Commitments
Slide 16: Working Differently to Achieve Commitments
Working Differently to Achieve Commitments
Slide 17: Working Differently to Achieve Commitments
Working Differently to Achieve Commitments Progress with SGdle Gg specu 16 Reverse Climate Change
Slide 18: Sustainability is Inseparable from the Business
sustainability is Inseparable from the Business
Slide 19: Slide 19
Slide 20: Integrating Sustainability into Our Business
Integrating Sustainability into Our Business Integrating Key ESG Metrics into Enterprise Strategic Planning >>> > section 2: Mary JANE MELENDEZ: REGENERATING OUR PLANET
Slide 21: Integrating Sustainability into Our Business
Integrating Sustainability into Our Business sustanaate (SRN as souneine Enlsions (DS) eae AGRICULTURE CA, ELECTRICITY PACKAGING ANIMAL ZERO WASTE FOOD WASTE TO LANDFILL MARY JANE MELENDEZ: REGENERATING OUR PLANET Prioritized Global Impact Commitments
Slide 22: Regenerative Agriculture
REGENERATIVE AGRICULTURE Differentially Focused PACKAGING _ 4 >>>» section 2: mary JANE MELENDEZ: REGENERATING OUR PLANET > d
Slide 23: Reducing Greenhouse Gas Emissions
Reducing Greenhouse Gas Emissions
Slide 24: Reducing GHG Emissions
Reducing GHG Emissions Warmest Decade on Record Extreme Weather Distribution Disruptions Lower Ingredient Yields > >> MARY JANE MELENDEZ: REGENERATING OUR PLANET d
Slide 25: Reducing GHG Emissions
Reducing GHG Emissions Increasing Resiliency for C) = (~“) People Planet Business ° >>> > section 2: Mary JANE MELENDEZ: REGENERATING OUR PLANET > d
Slide 26: Reducing GHG Emissions
Reducing GHG Emissions We Acknowledged Climate Change Early & Continue to Take Action
Slide 27: Reducing GHG Emissions
Reducing GHG Emissions 2015 FullValue Chain Greenhouse Gas 2020.Glimate Reduction Target Cpr ewe Approved by Alig ned with 1.5 C Guidance SCIENCE BASED TARGETS DRIVING AMBITIOUS CORPORATE CLIMATE ACTION
Slide 28: Committed to GHG Emissions Reduction in Our Value Chain
Committed to: GHG EMISSIONS Reduction in GHG Emissions Across the Value Chain = 1 >>> > section 2: Mary JANE MELENDEZ: REGENERATING OUR PLANET > §
Slide 29: Committed to Net Zero Greenhouse Gas Emissions
Committed to: GHG EMISSIONS Net Zero Greenhouse Gas Emissions ‘ a >> > > SECTION 2: MARY JANE MELENDEZ: REGENERATING OUR PLANET > d
Slide 30: Reducing GHG Emissions
Reducing GHG Emissions Goals Beyond Our Walls eOo Scope 3. Scope1&2 Scope 3 ° >>> > section 2: mary JANE MELENDEZ: REGENERATING OUR PLANET > d
Slide 31: Reducing GHG Emissions
Reducing GHG Emissions Moving from Understanding Our Carbon Footprint to Building Decarbonization Strategies . >>> > section 2: Mary JANE MELENDEZ: REGENERATING OUR PLANET > d
Slide 32: Reducing GHG Emissions
Reducing GHG Emissions Most of Our GHG Emissions in Our Value Chain are From Scope 3 os 90%+ i of GHG Emissions in Our Value Chain >>> > section 2: Mary JANE MELENDEZ: REGENERATING OUR PLANET g
Slide 33: Regenerative Agriculture
Regenerative Agriculture AGRICULTURE e CA S74 Largest Contributor . ° >>> > section 2: Mary JANE MELENDEZ: REGENERATING OUR PLANET > d
Slide 34: Opportunities to Lower GHG Footprint
Reducing GHG Emissions Opportunities to Lower GHG Footprint tas wily. , SSYVee ae REGENERATIVE DAIRY ELIMINATING ENERGY DEFORESTATION EFFICIENCY AGRICULTURE ws, ~~ s ll = =@3= om >( 4 )s = *ry ay RENEWABLES TRANSPORTATION FOOD EFFICIENCY WASTE >>>» section 2: Mary JANE MELENDEZ: REGENERATING OUR PLA
Slide 35: Supplier Leadership on Climate Transition
GLocT Supplier Leadership on Climate Transition y Training & Education ” Understanding GHG Footprint ” Reduce Emissions ” Set Reduction Targets 2 >>> > section 2: MARY JANE MELENDEZ: REGENERATING OUR PLANET > P|
Slide 36: Advancing & Scaling Regenerative Agriculture
Advancing & Scaling Regenerative Agriculture
Slide 37: Advancing & Scaling Regenerative Agriculture
Advancing & Scaling Regenerative Agriculture Regenerative Agriculture Improves Soil Health
Slide 38: Committed to Regenerative Agriculture
Committed to: REGENERATIVE a 11MM Acres of Regenerative Agriculture — a >> > > SECTION 2: MARY JANE MELENDEZ: REGENERATING OUR PLANET > d
Slide 39: Regenerative Agriculture Acres are Enrolled In
REGENERATIVE AGRICULTURE Acres are Enrolled in ° > SECTION 2: MARY JANE MELENDEZ: REGENERATING OUR PLANET > d
Slide 40: Advancing & Scaling Regenerative Agriculture
Advancing & Scaling Regenerative Agriculture Improve Outcome Measurement Acgétérate Farmer:Adoption
Slide 41: Accelerate Farmer Adoption
Accelerate Farmer Adoption
Slide 42: Accelerate Farmer Adoption
Accelerate Farmer Adoption Supply Shed Approach Driving Systematic Impact
Slide 43: Helping Farmers Understand & Apply Principles
y Helping Farmers Understand & Apply Principles Fr Coaching to Develop Tailored Plan Part hip with @ artnership with je= >> UnderstandingAG SECTION 2: MARY JANE MELENDEZ REGENERATING OUR PLANET
Slide 44: Accelerate Farmer Adoption
Accelerate Farmer Adoption Regenerative Agriculture Techniques No-till Farming Cover Cropping Integrating Livestock
Slide 45: Community Building
Community Building ® Connecting Farmers with Peers P Supporting Farmer-led Organizations >>> > section 2: Mary JANE MELENDEZ: REGENER
Slide 46: Measuring Outcomes
Measuring Outcomes
Slide 47: Measuring Outcomes
Measuring Outcomes Measuring Positive Impact Soil Health & Carbon Sequestration Biodiversity Water Quality & Quantity Farmer Economic Resilience >>
Slide 48: Satellite Imagery Detects
> > section 2 Satellite Imagery Detects
Slide 49: Optimistic in Achieving Acres of Regenerative Agriculture
Optimistic in Achieving GS) see Acres of Regenerative Agriculture = ve >> > > SECTION 2: MARY JANE MELENDEZ: REGENERATING OUR PLANET > &
Slide 50: Enabling Commitments in Supply Chain
Enabling Commitments in Supply Chain J 1e@ General Chief Supply Chain Officer Mi | Is : PAUL GALLAGHER: ENAB MMITMENTS IN SUPPLY CHAIN
Slide 51: Zero Waste to Landfill
Zero Waste to Landfill
Slide 52: Committed to Zero Waste to Landfill by 2025
Committed to Zero Waste e to Landfill by 2025 ZERO WASTE < TO LANDFILL ~ i" >> > SECTION 3: PAUL GALLAGHER: ENABLING COMMITMENTS IN SUPPLY CHAIN >> &
Slide 53: As of Fiscal 2021
As of Fiscal 2021 ~33% : Manufacturing 7 Facilities aeansuasie Achieved TO LANDFILL Ze ro Waste ~ +4 >> > SECTION 3: PAUL GALLAGHER: ENABLING COMMITMENTS IN SUPPLY CHAIN >> &
Slide 54: Zero Waste to Landfill Commitment Starts at the Plant Level
Zero Waste to Landfill Commitment Stamts \ at the Plant Level
Slide 55: Vernon, California
Vernon, California Flour Mill Achieved ai Zero Waste i to Landfill >>
Slide 56: Chanhassen, Minnesota
\ Chanhassen, Minnesota Foodservice Plant Achieved Zero Waste to Landfill > > SECTION 3 : PAUL GALLAGHER: ENABLING COMMITMENTS IN SUPPLY CHAIN > >
Slide 57: Renewable Electricity
Renewable Electricity
Slide 58: Committed to Renewable Electricity by 2030
Committed to evectaiciry @ Renewable Electricity by 2030 >> > SECTION 3 : PAUL GALLAGHER: ENABLING COMMITMENTS IN SUPPLY CHAIN >> Ce,
Slide 59: As of Fiscal 2021
As of Fiscal 2021 63% evectaiciry @ Energy Sourced from Renewable Electricity >> > SECTION 3 : PAUL GALLAGHER: ENABLING COMMITMENTS IN SUPPLY CHAIN >> Ce,
Slide 60: Renewable Electricity
Renewable Electricity Murfreesboro, Tennessee Maverick Creek, Texas Harvesting Energy Generating Power from Waste Stream. Through Wind Energy Partnership More Renewable Power from Supply Enough Power to Cover U.S. On-site Wastewater Treatment Supply Chain Locations
Slide 61: Renewable Electricity
Renewable Electricity Capitalizing Expanding on Solar Power Renewable Eibetriciky to Brazil, Mexico,and | India Operations CUT COAL REDUCE Co2 POSITIVE COST USAGE EMISSIONS SAVINGS
Slide 62: Responsible Sourcing
Responsible Sourcing
Slide 63: Maintain High Standards Across the Value Chain
Maintain High Standards Across the Value Chain yp Supplier Base is Large, Complex & Global wy Thousands of Suppliers in More Than 25 Countries y y ~ ° > > > secTION 3 : PAUL GALLAGHER: ENABLING COMMITMENTS IN SUPPLY CHAIN >> &
Slide 64: Responsible Sourcing
Responsible Sourcing Drive Supplier Progress ” Health & Safety ” Human Rights ‘Oo ” Business Integrity wu yy Py” Environment [el a >> sections:
Slide 65: Increasing Share Information with Key Stakeholders
Increasing Share Information with Supplier Audits Key Stakeholders _of] Industry Forums | eWe PROGRESS 4 >>: 5 >>
Slide 66: Brands That Stand for Good
Brands That Stand for Good General President, North America Retail M l l Is
Slide 67: Brands Creating A More Recyclable Future
Brands Creating A More Recyclable Future
Slide 68: New Store Drop-Off Recyclable Crunchy Bar Wrappers
NEW STORE DROP-OFF RECYCLABLE CRUNCHY BAR WRAPPERS
Slide 69: External Recognition
External Recognition Earned "Innovation in Recovery” Award SUSTAINABLE PACKAGING @W coatitions >> SECTION 4: JON NUDI: INTEGRATING FORCE FOR GOOD INTO OUR BRANDS
Slide 70: Brands Creating A More Recyclable Future
Brands Creating A More Recyclable Future Reducing Environmental Impact of Packaging Across our Brands © Zi Increasing Use of Innovating to Leading Recycled and Make Materials Through Recyclable Materials Better Collaboration a >> SECTION 4: JON NUDI: INTEGRATING FORCE FOR GOOD INTO OUR BRANDS >>> §
Slide 71: Leading Through External Collaboration
Leading Through External Collaboration The Recycling 4 O Partnership SOLVING FOR CIRCULARITY VY Partnering with Retailers to Increase In-store Efforts >> SECTION 4: JON NUDI: INTEGRATING FORCE FOR GOOD INTO OUR BRANDS >>> g
Slide 72: Committed to 100% Recyclable or Reusable Packaging
Committed to | 100% | Recyclable or Reusable Packaging = - > > SECTION 4: JON NUDI: INTEGRATING FORCE FOR GOOD INTO OUR BRANDS >>> d >
Slide 73: As of Fiscal 2021
As of Fiscal 2021 an | ~90% PACKAGING of Packaging was = - > > SECTION 4: JON NUDI: INTEGRATING FORCE FOR GOOD INTO OUR BRANDS >>> d >
Slide 74: Brands Advancing Regenerative Agriculture
Brands Advancing Regenerative Agriculture
Slide 75: Brands
@) sew General Mills Brands Regenerative Agriculture > > seEcTION 4: JON NUDI: INTEGRATING FORCE FOR GOOD INTO OUR BRANDS
Slide 76: LARABAR
iLARABAR > JON NUDI
Slide 77: Regenerative Agriculture Drives
Regenerative Agriculture Drives yp” Similar Yields y : yp” Increased Profits y y 6x Water Infiltration Rates y y y to Address Water Issues y _ 2 > > seEcTION 4: JON NUDI: INTEGRATING FORCE FOR GOOD INTO OUR BRANDS >>> d
Slide 78: Brands Advancing Regenerative Agriculture
Brands Advancing Regenerative Agriculture Regenerative Organic Farmers 4: JON NUDI: INTEGRATING FORCE FOR GOOD INTO OUR BRANDS
Slide 79: Crops Grown With Regenerative Organic Practices
> > SECTION 4: JON NUDI: INTEGRATING FORCE FOR GOOD INTO OUR BRANDS Crops Grown With Regenerative Organic Practices pr Extended Crop Rotations py integrated Crop-Livestock y Management »>»>
Slide 80: Land to Market Verified
She HPIC wee Oho, [77 LAND T° <s MARKET (ERIFIED™ \ 2021 2 urea e »>»>
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