Investor Presentaiton

44 45 45 highlights Performance Our governance framework The Woolworths Group Board is responsible for appraising and approving the Group's sustainability-related strategies, targets and material investments to manage actual or potential impacts and opportunities on the Group. The Board does so based on recommendations from the Board Sustainability Committee (SUSCO). The committee reviews and monitors performance against the Woolworths Group Sustainability Plan 2025 (2025 Plan), and related strategies, including climate and nature. It oversees the effectiveness of the Group's frameworks and policies and provides external perspectives on matters within the investment landscape. The CEO and Group Executive Committee, including the Chief Sustainability Officer, have accountability for implementing our sustainability-related strategies and report progress to SUSCO three times a year. The Group Sustainability platform includes a dedicated general manager responsible for our climate and nature strategies supported by robust processes for measuring and tracking progress. Our climate and nature strategy Woolworths Group's climate and nature strategy guides our actions to limit the potential impacts of climate change and nature on and by our business and value chain. Our approach to climate and nature is complementary, and we will continue to integrate these material areas as our understanding of their interrelationship matures. Our strategic framework Driving tangible action and effectively managing risk requires an end-to-end approach, considering implications across our value chain and impacts on our stakeholders. Our climate and nature strategy focuses on reducing our emissions and managing climate-related risks across our business and communities. It also details our approach to reduce our impact on nature through the responsible stewardship of natural resources and the sustainable sourcing of commodities, including protein in our supply chain. The strategy is approved by the Woolworths Group Board. Annual Report 2023 Woolworths Group 1 Supporting industry and community action Directors' Report Supporting community climate change resilience: supporting communities affected by natural disasters using our scale to get fresh food and supplies where they are most needed Woolworths Group Board Responsible for appraising and approving the Group's climate and nature strategy Sustainability Committee Monitors progress against the climate and nature strategy and is responsible for reviewing and endorsing our targets and sustainability disclosures Audit and Finance Committee Oversees financial reporting, financial disclosures and the Group's accounting policies Risk Committee Oversees the risk management framework and the Group risk profile. This includes sustainability-related risks and opportunities Managing climate impacts across our business ย Reducing our electricity and making it greener: through energy efficiency and transitioning to 100% renewable electricity by 2025 CO₂ Embedding low-carbon technology and practices: by converting refrigeration to low-carbon technology and decarbonising our transport with the aim of reducing scope 1 and 2 emissions by 63% by 2030 Increasing resilience in our value chain: monitoring and responding to climate impacts in our value chain 2 Business review 3 CEO and Group Executive Committee Accountable for implementing our climate and nature strategy Group Sustainability Responsible for identifying business strategies, risks and opportunities and preparing our sustainability-related financial and non-financial disclosures Heads of business units Responsible for identifying, assessing, responding to, managing and reporting on risks within their scope, and implementing appropriate risk treatments Woolworths360 Responsible for managing the Board-endorsed energy strategy targeting supply, demand and innovation opportunities to reduce our carbon emissions Nurturing nature across our supply chain Partnering with industry to support the transition to net zero: driving industry action and engaging our partners and suppliers on ways they can reduce carbon emissions with the aim of reducing our scope 3 emissions by 19% by 20301 4 Financial Report LO Other information Prioritising risk management Leading the future of protein: read more 1 providing affordable and sustainable proteins across traditional, plant and alternative sources whilst aiming for the highest animal welfare standards Partnering on sustainable and regenerative agriculture: supporting our growers and farmers to improve farming practices, collaborating throughout our supply chain to identify barriers and drive mutually beneficial outcomes EEEEI Having a positive impact on nature: working to improve soil health, water stewardship and biodiversity In F24, we intend to update our scope 3 SBTi target to align with 1.5°C in line with SBTi's FLAG Guidance. Our net positive commitment actions Woolworths Group's ability to meet net positive commitments is dependent upon the actions we take today to embed climate and nature considerations into strategy, risk and opportunity management. As the majority of our carbon footprint lies in our scope 3 emissions, this will require purposeful partnerships and collaboration throughout our value chain. Our climate and nature strategy read more Reducing our scope 1 and 2 emissions read more Partnering to reduce our scope 3 emissions read more

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