Glanbia : GRI Report 2022

2

GLANBIA PLC | GRI REPORT 2022

2 0 2 2 I N R E V I E W

S T A K E H O L D E R E N G A G E M E N T

C L I M A T E &

E N V I R O N M E N T

P E O P L E & S O C I E T Y

E C O N O M I C & G O V E R N A N C E

A P P E N D I X & G R I I N D E X

Who we are

Glanbia is a better nutrition company, the home to better brands and ingredients that nourish millions of people across the world.

O U R P U R P O S E

Delivering better nutrition for every step of life's journey.

O U R VA L U E S

We deliver consumer brands

We deliver branded sports nutrition and lifestyle products for consumers through our Glanbia Performance Nutrition business.

We deliver

nutritional ingredients

Glanbia Nutritionals is the ingredient partner of choice to global customers in the food, beverage and clinical nutrition industry.

3

GLANBIA PLC | GRI REPORT 2022

2 0 2 2 I N R E V I E W

S T A K E H O L D E R E N G A G E M E N T

C L I M A T E &

E N V I R O N M E N T

P E O P L E & S O C I E T Y

E C O N O M I C & G O V E R N A N C E

A P P E N D I X & G R I I N D E X

About this report

Environmental, Social and Governance ("ESG") performance has always been part of Glanbia's ethos.

Our very name Glanbia means 'pure-food' and we have a long, rich heritage that runs all the way back to the early 1900s. Naturally, as an organisation, Glanbia has evolved and grown. Today, our consumer brands and ingredients nourish millions of people around the world.

This report is rooted in our strategic approach and contributes to our purpose of delivering better nutrition for every step of life's journey. The choices we do - and don't - make, are guided by our purpose. Everything we do reflects our respect for each other and the earth.

In our first ESG report in accordance with the Global Reporting Initiative ("GRI") Standards (2021), we share our performance and progress with respect to our material impacts. This report is intended to supplement the ESG review included within Glanbia plc's 2022 Group Annual Report ("the Annual Report") and, where relevant, cross references to the Group Annual Report have been included within this report.

This report has been prepared in accordance with the GRI Standards

We have included information on the methodologies used to report on each disclosure and any changes to previously used methodologies.

Frameworks applied

• GRI Standards (2021)
• Task Force on Climate-related Financial Disclosures ("TCFD") recommendations
• United Nations Sustainable Development Goals ("UN SDGs")

GRI 1: Foundation

We have taken into account all requirements and guidelines from GRI 1: Foundation in the preparation of this ESG report, especially GRI's reporting principles for defiining report content and quality.

Reporting principles for defining report content & quality

• Accuracy
• Balance
• Clarity
• Comparability
• Completeness
• Sustainability context
• Timeliness
• Verifiability

GRI 3: Material topics

In 2022, we updated our impact materiality assessment in line with the GRI standards (2021). Glanbia endeavours to focus our ESG efforts where we have our most material impacts - refer to 'Impact materiality assessment' on page 15. The majority of our programmes apply to the parts of the business over which Glanbia has operational control. This includes the Group's wholly owned operations Glanbia Performance Nutrition ("GPN"), Glanbia Nutritionals ("GN"), as well as the MWC- Southwest Holdings joint venture operations where Glanbia plc has authority to introduce and implement operating policies in accordance with our ESG strategy. Where a material impact occurs outside our operational control or is related to our supply chain footprint, this is stated in the report as well as a description of how we manage those impacts.

4

GLANBIA PLC | GRI REPORT 2022

2 0 2 2 I N R E V I E W

S T A K E H O L D E R E N G A G E M E N T

C L I M A T E &

E N V I R O N M E N T

P E O P L E & S O C I E T Y

E C O N O M I C & G O V E R N A N C E

A P P E N D I X & G R I I N D E X

Message from Siobhán Talbot,

Group Managing Director

Dear reader,

Our company purpose of 'delivering better nutrition for every step of life's journey' drives our ESG ambition and acts as a roadmap for delivering sustainable value creation for all our stakeholders. The delivery of our ESG strategy is a critical element of our updated strategic roadmap as set out in our Capital Market's Day event in November 2022.

In 2022, we made great progress on our ESG agenda. While we are proud of what we have achieved to date, we are constantly challenging ourselves to do more and have set ourselves ambitious targets which will guide our contribution to a sustainable future as a leader in global nutrition.

In 2022, we announced revised targets to tackle climate change (emissions, water, waste and packaging) - reflecting our commitment to taking action to achieve the UN SDGs and alignment to the Paris Agreement to limit global temperature rise to 1.5 degrees.

• We have revised our climate targets upwards to a 50% absolute reduction in carbon emissions at all manufacturing sites under our operational control by 2030 (Scope 1 and 2), from a 2018 base year, with planned delivery against these targets based on returning projects, where the economic benefits outweigh the capital outlay.
• Our Scope 3 work is ongoing, focusing on the dairy supply chain in partnership with suppliers and third parties. Working in collaboration with these partners is essential to achieve our current goal of a 25% reduction in Scope 3 emissions by 2030.
• We are committed as an organisation to water conservation. In 2022, we set a new target to further reduce our freshwater use by 10% by 2025 (vs 2021 baseline) which will equate to saving over 500 million litres of water each year.
• Our target for consumer packaging is to be 100% recyclable, reusable or compostable by 2030.

While we are proud of what we have achieved to date, we are constantly challenging ourselves to do more and have set ourselves ambitious targets which will guide our contribution to a sustainable future as a leader in global nutrition.

We are deeply committed to our diversity, equity and inclusion journey. We firmly believe that everybody should be able to thrive in an environment that values their contribution and celebrates what makes them unique. Across Glanbia we champion inclusion and diversity, from how we attract, recruit and develop our teams to the ways we portray the diverse richness of society across our portfolio. We have set ourselves a target of gender balance at management level and are committed to achieving this over the coming years.

These commitments allow us to increase our positive impact on the planet and society and ensures sustainable long-term performance. They are underpinned by a clear strategy and ambitious targets that are linked to executive remuneration. This direct link between senior remuneration and our environmental goals is a key indicator of our commitment to delivering our ESG strategy.

In this GRI report, together with our Annual Report, we are transparently sharing our progress, our performance, the challenges and the opportunities to deliver better nutrition for every step of life's journey in the most sustainable manner possible.

I am proud of the progress we have made, and I am confident it will have a positive impact on all our stakeholders.

Message from Michael Patten

Chief ESG & Corporate Affairs Officer

Dear reader,

Glanbia is committed to driving action to achieve our ESG targets.

In 2022, we refreshed our impact materiality assessment engaging with a wide variety of our stakeholders in the process. The exercise confirmed that our ESG priority areas such as food safety and quality, employee health, safety and wellbeing, climate change, water and diversity, equity and inclusion continue to be where we have our greatest impacts and as such, provide our greatest opportunity to make positive contributions.

Our ESG strategy is grounded on clear science-based targets, and we are focused on delivering positive impacts both inside and outside our organisation. We have a well-developed governance process underpinned by robust data and analytics and relevant targets which are subject to external reporting. Our incentive programmes are designed to support delivery of our ambition. Our stakeholders are engaged and inform the setting of clear priorities. Most importantly, our people support our ambition to deliver on our plan.

We continue to make progress against our material ESG topics, and have identified formalising our responsible nutrition programme, engaging in local community development and carrying out a third party assessment of our biodiversity impacts as particular areas of focus for 2023. While we make significant efforts in these areas as part of our business-as-usual operations we plan to formalise a global strategy around such topics to ensure we deliver maximum impact.

I strongly believe the delivery of our ESG strategy and targets, a key component of our overall strategy, will ensure Glanbia's continued growth and success.