The Est�e Lauder Companies Announces 2030 Global Electric Vehicles Goal

Today, The Est�e Lauder Companies (ELC) announced its commitment to transition 100% of its global corporate fleet of vehicles to electric by 2030. As part of this commitment, ELC has also become the first company in prestige beauty to join
the Climate Group's EV100 initiative, which brings together companies who are committed to accelerating the transition to electric vehicles (EV).

The company's global corporate fleet, which consists of owned and leased sales and executive vehicles, represents the next iteration of ELC's climate action strategy to reduce the company's direct emissions. ELC's transition of its corporate fleet to 100% electric will greatly contribute towards reducing the company's Scope 1 greenhouse gas (GHG) emissions, which supports progress towards its 2030 science-based target (SBT) and sends a strong market signal that there is demand for EVs from the business community.

“The Est�e Lauder Companies has a deep commitment to helping accelerate the transition to a low-carbon future, and the electrification of our corporate fleet is an important next step in our sustainability journey,” said Nancy Mahon, Senior Vice President, Global Corporate Citizenship and Sustainability, The Est�e Lauder Companies. “Our hope is that our commitment to clean transportation will not only help to reduce our impact and engage our employees in our commitment, but also inspire similar action by others in the industry and beyond.”

ELC is building upon efforts to address impacts related to its own, direct operations on the climate. In 2020, the company achieved its goal to source 100% renewable electricity for its direct operations, reaching the target it set on joining RE1001. Transitioning ELC's global corporate fleet away from traditional internal combustion engine vehicles to plug-in hybrid and electric vehicles will help to tackle one of ELC's more significant sources of its Scope 1 emissions.

“As the first prestige beauty company to join the EV100 global initiative, The Est�e Lauder Companies' commitment to EV100 will help to elevate the initiative and encourage more companies to make the commitment to fully electric. ELC's commitment today further underlines the demand signal leading businesses are sending - the future of road transportation is electric,” said Sandra Roling, Director of Transport, the Climate Group.

The company has already begun implementation of a roadmap to meet this commitment by 2030. Within its Europe, the Middle East, and Africa (EMEA) region, the company has ordered EVs for testing and deployment and will continue to partner with site managers and work to expand the necessary charging infrastructure to support its fleet.

While ELC's latest commitment addresses its directly controlled fleet, the company is also furthering its efforts to reduce emissions from transportation and distribution activities that contribute to the company's Scope 3 footprint. Efforts to move to low-emissions vehicles are underway, in partnership with ELC's third-party partners and suppliers. For example, ELC has begun transitioning local transportation vehicles from diesel trucks to EVs in regions such as Canada and Switzerland.

Additionally, as part of the company's efforts to engage its employees in their own electric transport journeys, the company continues to invest in its existing electrification infrastructure with installations of EV charging stations across many of ELC's owned facilities worldwide, including Melville, New York; Blaine, Minnesota; Petersfield, United Kingdom; Markham, Ontario; and its newest state-of-the-art distribution center in Galgenen, Switzerland.

To learn more about the company's climate action efforts, download the fiscal 2021 Social Impact & Sustainability Report on ELCompanies.com.

About The Est�e Lauder Companies Inc.

The Est�e Lauder Companies Inc. is one of the world's leading manufacturers and marketers of quality skin care, makeup, fragrance and hair care products. The company's products are sold in approximately 150 countries and territories under brand names including: Est�e Lauder, Aramis, Clinique, Lab Series, Origins, M�A�C, La Mer, Bobbi Brown, Aveda, Jo Malone London, Bumble and bumble, Darphin Paris, TOM FORD BEAUTY, Smashbox, AERIN Beauty, Le Labo, Editions de Parfums Fr�d�ric Malle, GLAMGLOW, KILIAN PARIS, Too Faced, Dr.Jart+, and the DECIEM family of brands, including The Ordinary and NIOD.

1 ELC joined the RE100 campaign in 2017. Please see www.there100.org for more information.

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