Lamb Weston : IFRS Index (Lamb Weston 2025 IFRS S2 Index)

About this update from Lamb Weston Holdings, Inc.

Lamb Weston's 2025 International Financial Reporting Standards (IFRS( Foundation S2 Climate-related Disclosures The following summarizes Lamb Weston's approach to managing and reporting on climate-related governance, strategy, risk management, and metrics and targets in alignment with the IFRS Foundation's S2 Climate-related Disclosures Standard. 2025 RESPONSE DISCLOSURE DESCRIPTION INDICATOR GOVERNANCE The governance body(s) (which can include a board, committee or equivalent body charged with governance) or individual(s) How responsibilities for climate-related risks and opportunities are reflected in the terms of reference, mandates, role descriptions and other related policies applicable to that body(s) or individual(s); How the body(s) or individual(s) determines whether appropriate skills and competencies are available or will be developed to oversee strategies designed to respond to climate related risks and opportunities; Governance Our Approach to Sustainability Oversight 2025 Proxy Statement , page 35 responsible for oversight of climate- related risks and opportunities. How and how often the body(s) or individual(s) is informed about climate-related risks and opportunities; Our Approach to Sustainability Oversight Specifically, the entity shall identify that body(s) or individual(s) and disclose information about: Management's role in the governance processes, controls and procedures used to monitor, manage and oversee climate-related risks and opportunities, including information about: How the body(s) or individual(s) takes into account climate related risks and opportunities when overseeing the entity's strategy; How the body(s) or individual(s) takes into account climate related risks and opportunities when overseeing the entity's decisions on major transactions; How the body(s) or individual(s) takes into account climate related risks and opportunities when overseeing the entity's risk management processes and related policies; Whether the body(s) or individual(s) has considered trade-offs associated with those risks and opportunities; How the body(s) or individual(s) oversees the setting of targets related to climate-related risks and opportunities; How the body(s) or individual(s) monitors progress towards those targets; and How the body(s) or individual(s) oversees progress towards related performance metrics that are included in remuneration policies. Whether the role is delegated to a specific management-level position or management-level committee and how oversight is exercised over that position or committee; and Whether management uses controls and procedures to support the oversight of climate-related risks and opportunities and, if so, how these controls and procedures are integrated with other internal functions. Our Approach to Sustainability Oversight Our Approach to Sustainability Oversight CDP Corporate Questionnaire 2025 4.3.1, 4.3.1.6 Our Approach to Sustainability Oversight CDP Corporate Questionnaire 2025 4.1.2.5 Our Approach to Sustainability Oversight Lamb Weston currently does not disclose this information. CDP Corporate Questionnaire 2025 4.3.1.6 Our Approach to Sustainability Oversight (continued) International Financial Reporting Standards (IFRS( Foundation S2 Climate-related Disclosures (cont.( INDICATOR DISCLOSURE DESCRIPTION 2025 RESPONSE STRATEGY CLIMATE-RELATED RISKS AND OPPORTUNITIES The climate-related risks and opportunities that could reasonably be expected to affect the entity's prospects Describe climate-related risks and opportunities that could reasonably be expected to affect the entity's prospects; Explain, for each climate-related risk the entity has identified, whether the entity considers the risk to be a climate-related physical risk or climate-related transition risk; Specify, for each climate-related risk and opportunity the entity has identified, for the short term and the effects of each climate-related risk and opportunity could reasonably be expected to occur; Specify, for each climate-related risk and opportunity the entity has identified, for the medium term and the effects of each climate-related risk and opportunity could reasonably be expected to occur; Specify, for each climate-related risk and opportunity the entity has identified, for the long term and the effects of each climate-related risk and opportunity could reasonably be expected to occur; and BUSINESS MODEL AND VALUE CHAIN Explain how the entity defines "short term," "medium term" and "long term" and how these definitions are linked to the planning horizons used by the entity for strategic decision-making. CDP Corporate Questionnaire 2025 2.1 Governance More with Less Limiting Climate Impacts in Our Manufacturing Process Using Water Responsibly Reducing Waste Lamb Weston currently does not disclose this information. Lamb Weston currently does not disclose this information. Lamb Weston currently does not disclose this information. Limiting Climate Impacts in Our Manufacturing Process The current and anticipated effects of those climate-related risks and opportunities on the entity's business model and value chain A description of the current effects of climate-related risks and opportunities on the entity's business model and value chain; A description of the anticipated effects of climate-related risks and opportunities on the entity's business model and value chain; and A description of where in the entity's business model and value chain climate-related risks and opportunities are concentrated (for example, geographical areas, facilities and types of assets). Climate Resilience Limiting Climate Impacts in Our Manufacturing Process CDP Corporate Questionnaire 2025 3.6.1 Lamb Weston currently does not disclose this information. (continued) International Financial Reporting Standards (IFRS( Foundation S2 Climate-related Disclosures (cont.( INDICATOR DISCLOSURE DESCRIPTION 2025 RESPONSE STRATEGY (cont.) STRATEGY AND DECISION-MAKING The effects of those climate-related risks and opportunities on the entity's strategy and decision-making, including information about its climate-related transition plan Information about how the entity has responded to, and plans to respond to, climate-related risks and opportunities in its strategy and decision-making; Including how the entity plans to achieve any climate-related targets it has set and any targets it is required to meet by law or regulation. Specifically, the entity shall disclose information about: Current and anticipated changes to the entity's business model, including its resource allocation, to address climate-related risks and opportunities (for example, these changes could include plans to manage or decommission carbon-, energy- or water-intensive operations; resource allocations resulting from demand or supply-chain changes; resource allocations arising from business development through capital expenditure or additional expenditure on research and development; and acquisitions or divestments); Current direct mitigation and adaptation efforts (for example, through changes in production processes or equipment, relocation of facilities, workforce adjustments, and changes in product specifications); Anticipated direct mitigation and adaptation efforts (for example, through changes in production processes or equipment, relocation of facilities, workforce adjustments, and changes in product specifications); Current indirect mitigation and adaptation efforts (for example, through working with customers and supply chains); Anticipated indirect mitigation and adaptation efforts (for example, through working with customers and supply chains); Any climate-related transition plan the entity has, including information about key assumptions used in developing its transition plan, and dependencies on which the entity's transition plan relies; and How the entity plans to achieve any climate-related targets, including any greenhouse gas emissions targets, described in accordance with associated metrics (paragraphs 33-36 of IFRS S2); Information about how the entity is resourcing, and plans to resource, the activities disclosed in accordance with ii; Quantitative information about the progress of plans disclosed in previous reporting periods in accordance with paragraph ii); and Qualitative information about the progress of plans disclosed in previous reporting periods in accordance with paragraph ii). CDP Corporate Questionnaire 2025 3.1.1.29 Our Sustainability Goals Our Approach to Sustainability Oversight Product Stewardship and Innovation Sustainable and Regenerative Agriculture Sustainable and Regenerative Agriculture Sustainable Sourcing and Procurement Limiting Climate Impacts in Our Manufacturing Process Limiting Climate Impacts in Our Manufacturing Process Lamb Weston currently does not disclose this information. Limiting Climate Impacts in Our Manufacturing Process Performance Data Tables - (Global) Performance Data Tables - (Europe) Measuring Performance Manufacturing Limiting Climate Impacts in Our Manufacturing Process (continued) International Financial Reporting Standards (IFRS( Foundation S2 Climate-related Disclosures (cont.( INDICATOR DISCLOSURE DESCRIPTION 2025 RESPONSE STRATEGY (cont.) FINANCIAL POSITION, FINANCIAL PERFORMANCE AND CASH FLOWS The effects of those climate-related risks and opportunities on the entity's financial position, financial performance and cash flows for the reporting period, and their anticipated effects on the entity's financial position, financial performance and cash flows over the short, medium and long term, taking into consideration how those climate-related risks and opportunities have been factored into the entity's financial planning An entity shall disclose quantitative and qualitative information about: a. How climate-related risks and opportunities have affected its financial position for the reporting period; b How climate-related risks and opportunities have affected its financial performance for the reporting period; How climate-related risks and opportunities have affected its cash flows for the reporting period; How the climate-related risks and opportunities identified in above for which there is a significant risk of a material adjustment within the next annual reporting period to the carrying amounts of assets and liabilities reported in the related financial statements; and How the entity expects its financial position to change over the short, medium and long term, given its strategy to manage climate-related risks and opportunities, taking into consideration: Its investment and disposal plans (for example, plans for capital expenditure, major acquisitions and divestments, joint ventures, business transformation, innovation, new business areas, and asset retirements), including plans the entity is not contractually committed to; and Its planned sources of funding to implement its strategy; How the entity expects its financial performance and cash flows to change over the short term, given its strategy to manage climate-related risks and opportunities (for example, increased revenue from products and services aligned with a lower-carbon economy; costs arising from physical damage to assets from climate events; and expenses associated with climate adaptation or mitigation); How the entity expects its financial performance and cash flows to change over the medium term, given its strategy to manage climate-related risks and opportunities (for example, increased revenue from products and services aligned with a lower-carbon economy; costs arising from physical damage to assets from climate events; and expenses associated with climate adaptation or mitigation); and How the entity expects its financial performance and cash flows to change over the long term, given its strategy to manage climate-related risks and opportunities (for example, increased revenue from products and services aligned with a lower-carbon economy; costs arising from physical damage to assets from climate events; and expenses associated with climate adaptation or mitigation). CDP Corporate Questionnaire 2025 3.1.1.16 CDP Corporate Questionnaire 2025 3.1.1.16 CDP Corporate Questionnaire 2025 3.1.1.16 CDP Corporate Questionnaire 2025 3.1.1.29 Lamb Weston currently does not disclose this information. Manufacturing Limiting Climate Impacts in Our Manufacturing Process Using Water Responsibly CDP Corporate Questionnaire 2025 3.6.1.8, 5.3.2.4 CDP Corporate Questionnaire 2025 3.1.1.16, 5.3.13, 7.55.3 CDP Corporate Questionnaire 2025 3.1.1.16 CDP Corporate Questionnaire 2025 3.1.1.16 (continued) International Financial Reporting Standards (IFRS( Foundation S2 Climate-related Disclosures (cont.( INDICATOR DISCLOSURE DESCRIPTION 2025 RESPONSE STRATEGY (cont.) CLIMATE RESILIENCE The climate resilience of the entity's strategy and its business model to climate-related changes, developments and uncertainties, taking into consideration the entity's identified climate-related risks and opportunities. The entity shall use climate-related scenario analysis to assess its climate resilience using an approach that is commensurate with the entity's circumstances. In providing quantitative information, the entity may disclose a single amount or a range. The entity's assessment of its climate resilience as at the reporting date, which shall enable users of general purpose financial reports to understand: The implications, if any, of the entity's assessment for its strategy and business model, including how the entity would need to respond to the effects identified in the climate-related scenario analysis; The significant areas of uncertainty considered in the entity's assessment of its climate resilience; and The entity's capacity to adjust or adapt its strategy and business model to climate change over the short, medium and long term, including; The availability of, and flexibility in, the entity's existing financial resources to respond to the effects identified in the climate-related scenario analysis, including to address climate-related risks and to take advantage of climate-related opportunities; The entity's ability to redeploy, repurpose, upgrade or decommission existing assets; and The effect of the entity's current and planned investments in climate-related mitigation, adaptation and opportunities for climate resilience; How and when the climate-related scenario analysis was carried out, including: Information about the inputs the entity used, including: Which climate-related scenarios the entity used for the analysis and the sources of those scenarios; Whether the analysis included a diverse range of climate-related scenarios; Whether the climate-related scenarios used for the analysis are associated with climate-related transition risks or climate-related physical risks; Whether the entity used, among its scenarios, a climate related scenario aligned with the latest international agreement on climate change; Why the entity decided that its chosen climate-related scenarios are relevant to assessing its resilience to climate-related changes, developments or uncertainties; The time horizons the entity used in the analysis; and What scope of operations the entity used in the analysis (for example, the operating locations and business units used in the analysis); Lamb Weston currently does not disclose this information. Lamb Weston currently does not disclose this information. Lamb Weston currently does not disclose this information. Lamb Weston currently does not disclose this information. Lamb Weston currently does not disclose this information. Lamb Weston currently does not disclose this information. Lamb Weston currently does not disclose this information. Lamb Weston currently does not disclose this information. Lamb Weston currently does not disclose this information. Lamb Weston currently does not disclose this information. Lamb Weston currently does not disclose this information. Lamb Weston currently does not disclose this information. Lamb Weston currently does not disclose this information. Lamb Weston currently does not disclose this information. Lamb Weston currently does not disclose this information. Lamb Weston currently does not disclose this information. (continued) (continued) International Financial Reporting Standards (IFRS( Foundation S2 Climate-related Disclosures (cont.( INDICATOR DISCLOSURE DESCRIPTION 2025 RESPONSE STRATEGY (cont.) CLIMATE RESILIENCE (cont.) The key assumptions the entity made in the analysis, including assumptions about: Climate-related policies in the jurisdictions in which the entity operates; Macroeconomic trends; National- or regional-level variables (for example, local weather patterns, demographics, land use, infrastructure and availability of natural resources); Energy usage and mix; and Developments in technology; and RISK MANAGEMENT The reporting period in which the climate-related scenario analysis was carried out. Lamb Weston currently does not disclose this information. Lamb Weston currently does not disclose this information. Lamb Weston currently does not disclose this information. Lamb Weston currently does not disclose this information. Lamb Weston currently does not disclose this information. Lamb Weston currently does not disclose this information. Lamb Weston currently does not disclose this information. The processes and related policies the entity uses to identify, assess, prioritize and monitor climate-related risks, including information about: The inputs and parameters the entity uses (for example, information about data sources and the scope of operations covered in the processes); Whether and how the entity uses climate-related scenario analysis to inform its identification of climate-related risks; How the entity assesses the nature, likelihood and magnitude of the effects of those risks (for example, whether the entity considers qualitative factors, quantitative thresholds or other criteria); Whether and how the entity prioritizes climate-related risks relative to other types of risk; How the entity monitors climate-related risks; and Whether and how the entity has changed the processes it uses compared with the previous reporting period. Our Approach to Sustainability Oversight Manufacturing Lamb Weston currently does not disclose this information. Manufacturing Material Topics Lamb Weston currently does not disclose this information. Lamb Weston currently does not disclose this information. The processes the entity uses to identify, assess, prioritize and monitor climate-related opportunities, including information about whether and how the entity uses climate-related scenario analysis to inform its identification of climate-related opportunities The extent to which, and how, the processes for identifying, assessing, prioritising and monitoring climate-related risks and opportunities are integrated into and inform the entity's overall risk management process Manufacturing Material Topics Governance Our Approach to Sustainability Oversight Manufacturing (continued) International Financial Reporting Standards (IFRS( Foundation S2 Climate-related Disclosures (cont.( INDICATOR DISCLOSURE DESCRIPTION 2025 RESPONSE METRICS AND TARGETS CLIMATE-RELATED METRICS Greenhouse gases i) Disclose its absolute gross greenhouse gas emissions generated during the reporting period, expressed as metric tonnes of CO2 equivalent, classified as: Scope 1 greenhouse gas emissions; Scope 2 greenhouse gas emissions; and Scope 3 greenhouse gas emissions; Measure its greenhouse gas emissions in accordance with the Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standard (2004) unless required by a jurisdictional authority or an exchange on which the entity is listed to use a different method for measuring its greenhouse gas emissions; Disclose the approach it uses to measure its greenhouse gas emissions including: The measurement approach, inputs and assumptions the entity uses to measure its greenhouse gas emissions; The reason why the entity has chosen the measurement approach, inputs and assumptions it uses to measure its greenhouse gas emissions; and Any changes the entity made to the measurement approach, inputs and assumptions during the reporting period and the reasons for those changes. Limiting Climate Impacts in Our Manufacturing Process Performance Data Tables - (Global) Performance Data Tables - (Europe) GHG Accounting Methodology GHG Accounting Methodology GHG Accounting Methodology GHG Accounting Methodology Climate-related transition risks - the amount and percentage of assets or business activities vulnerable to climate-related transition risks CDP Corporate Questionnaire 2025 2.2.2.13 Climate-related physical risks - the amount and percentage of assets or business activities vulnerable to climate-related physical risks CDP Corporate Questionnaire 2025 2.2.2.13 Climate-related opportunities - the amount and percentage of assets or business activities aligned with climate-related opportunities CDP Corporate Questionnaire 2025 3.6.1.9 Capital deployment - the amount of capital expenditure, financing or investment deployed towards climate-related risks and opportunities CDP Corporate Questionnaire 2025 5.3.2.1, 5.9.5 Internal carbon prices, including an explanation of whether and how the entity is applying a carbon price in decision-making (for example, investment decisions, transfer pricing and scenario analysis); and the price for each metric tonne of greenhouse gas emissions the entity uses to assess the costs of its greenhouse gas emissions Remuneration - the entity shall disclose a description of whether and how climate-related considerations are factored into executive remuneration and the percentage of executive management remuneration recognised in the current period that is linked to climate related considerations Lamb Weston currently does not disclose this information. Lamb Weston currently does not disclose this information. (continued) International Financial Reporting Standards (IFRS( Foundation S2 Climate-related Disclosures (cont.( INDICATOR DISCLOSURE DESCRIPTION 2025 RESPONSE METRICS AND TARGETS (cont.) CLIMATE-RELATED TARGETS The metric used to set the target Our Sustainability Goals The objective of the target (for example, mitigation, adaptation or conformance with science-based initiatives Sustainable and Regenerative Agriculture Manufacturing The part of the entity to which the target applies (for example, whether the target applies to the entity in its entirety or only a part of the entity, such as a specific business unit or specific geographical region) Manufacturing The period over which the target applies Our Sustainability Goals The base period from which progress is measured Our Sustainability Goals Any milestones and interim targets Lamb Weston currently does not disclose this information. If the target is quantitative, whether it is an absolute target or an intensity target Our Sustainability Goals How the latest international agreement on climate change, including jurisdictional commitments that arise from that agreement, has informed the target Lamb Weston currently does not disclose this information. An entity shall disclose information about its approach to setting and reviewing each target, and how it monitors progress against each target, including: Whether the target and the methodology for setting the target has been validated by a third party; The entity's processes for reviewing the target; The metrics used to monitor progress towards reaching the target; and Any revisions to the target and an explanation for those revisions. GHG Accounting Methodology Governance Our Approach to Sustainability Oversight Limiting Climate Impacts in Our Manufacturing Process Our Sustainability Goals Technology at North American Farms (continued) International Financial Reporting Standards (IFRS( Foundation S2 Climate-related Disclosures (cont.( INDICATOR DISCLOSURE DESCRIPTION 2025 RESPONSE METRICS AND TARGETS (cont.) CLIMATE-RELATED TARGETS (cont.) For each greenhouse gas emissions target disclosed an entity shall disclose: Which greenhouse gases are covered by the target; Whether Scope 1, Scope 2 or Scope 3 greenhouse gas emissions are covered by the target; Whether the target is a gross greenhouse gas emissions target or net greenhouse gas emissions target. If the entity discloses a net greenhouse gas emissions target, the entity is also required to separately disclose its associated gross greenhouse gas emissions target; Whether the target was derived using a sectoral decarbonisation approach; and The entity's planned use of carbon credits to offset greenhouse gas emissions to achieve any net greenhouse gas emissions target. In explaining its planned use of carbon credits the entity shall disclose information including: The extent to which, and how, achieving any net greenhouse gas emissions target relies on the use of carbon credits; Which third-party scheme(s) will verify or certify the carbon credits; The type of carbon credit, including whether the underlying offset will be nature-based or based on technological carbon removals, and whether the underlying offset is achieved through carbon reduction or removal; and Any other factors necessary for users of general purpose financial reports to understand the credibility and integrity of the carbon credits the entity plans to use (for example, assumptions regarding the permanence of the carbon offset). GHG Accounting Methodology Our Sustainability Goals Manufacturing Our Sustainability Goals Manufacturing Our Sustainability Goals Manufacturing GHG Accounting Methodology Lamb Weston currently does not disclose this information. Lamb Weston currently does not disclose this information. Lamb Weston currently does not disclose this information. Lamb Weston currently does not disclose this information. Lamb Weston currently does not disclose this information.

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