Abbott Laboratories

We commit to ethical behavior and transparency, guided by our Code of Business Conduct in all our activities, including public policy engagement. Public policy activities comply with all applicable laws and regulations and adhere to Abbott policies. Abbott, relevant Abbott employees, and external lobbyists and firms register as lobbyists and file lobbying and contribution [...] Abbott's Government Affairs function reviews and approves all U.S. political contributions and advocacy activities. It covers direct

### SUSTAINABILITY GOVERNANCE

Operating sustainably is key to the future of healthcare. Our 2030 Sustainability Plan formalizes our commitment to improve lives; embedding sustainability into our governance structure sets this Plan as a priority, making it a shared responsibility.

**OUR PRINCIPLES OF SUSTAINABILITY**

We seek to uplift people, society, and the planet through better health. Four principles inform how we maximize impact:

- Apply our unique business strengths to identify and invest in life-changing innovations, evolving to meet emerging needs and finding impactful ways to address challenges

- Identify our top ESG priorities and determine how best to address the growing needs of those we serve

- Embed sustainability throughout the business through robust governance

- Partner with stakeholders

#### ESG GOVERNANCE

Senior Management oversees Abbott's sustainability policies and practices.

The Board provides oversight through its Public Policy Committee.

**Global Sustainability** **Sustainability Goal** **ESG Disclosures** **Global Operations** **Global Citizenship**
**Team** **Leads and Operations** **Committee** **Council** **Advisory Council**
Leads strategy **Functions** Responsible Oversees strategy External experts who
implementation across Responsible for for monitoring execution for all provide guidance on
global operations managing execution regulatory, legal, and operations, using strategic sustainability
and oversees ESG and enterprise-wide financial reporting internal assessments, issues, including risks
performance and operationalization requirements and risk profiles, and and opportunities.
reporting. of our 2030 advises on company industry best

Sustainability Plan. approach and practice to improve

readiness. performance.

**Reports to:** **Representatives from:** **Representatives from:** **Members:** **Members:**

- Vice President, Global Marketing Environmental, Environmental, Chair: Senior Margaret Flaherty,
and External Affairs, Health, and Safety Health, and Safety Vice President, Senior Advisor,
who reports to our Regulatory and Business School

- Ethics and Engineering Services Lausanne
Compliance

- Quality and - Quality and
Regulatory Affairs Regulatory Affairs

- Information - Information and 32 divisional Boston University
Technology and Technology and vice presidents School of Public
Cybersecurity Cybersecurity Health, Physician,

- Human Resources - Human Resources Epidemiologist

- Supply Chain - Supply Chain - Jane Nelson, Senior

Fellow and Director,

- Legal - Legal

CSR Initiatives,

- Finance - Finance Harvard Kennedy

- Corporate - Corporate School
Governance Governance - Steven Tebbe,

- Research and - Research and CEO of the Global
Development Development Footprint Network

- Investor Relations - Investor Relations - David Vidal,

- Public Affairs - Public Affairs Emeritus Fellow, The

Conference Board

- Government Affairs - Government Affairs

- Corporate - Enterprise Risk

Procurement Management

- Commercial - Internal Audit

**ESG-LINKED COMPENSATION**

Our 2030 Sustainability Plan is integrated into our business plans, financial planning processes, and existing governance structures, including oversight from our Board of Directors. Overall responsibility for sustainability sits with management and our leadership covenant reinforces this by explicitly stating that corporate officers are accountable for the achievement of Abbott's 2030 Sustainability Plan goals. All officers, including our Chairman and CEO, also carry a Human Capital Metrics goal.

Our leadership covenant is considered the minimum requirement of being an officer at Abbott. Any officer who does not fulfill the covenant can receive a reduction of up to 100% of their annual incentive and/or long-term incentive awards.

As stated in our leadership covenant, each senior leader is responsible for taking actions in their organization that help achieve our targeted priority goals, including:

- Making access and affordability core to new product innovation

- Transforming care for chronic disease, malnutrition, and infectious diseases

- Advancing health equity through partnerships

- Protecting a healthy environment

- Building the diverse, innovative workforce of tomorrow

- Responsibly connecting data, technology, and care

- Creating a resilient, diverse, and responsible supply chain

To learn more, visit the Executive Compensation

The Public Policy Committee is composed of several board members, with one appointed as the Chair. This Committee assists the Board of Directors in fulfilling its oversight responsibility with respect to Abbott's public policy, Legal, regulatory and healthcare compliance matters; product quality and cybersecurity matters and data privacy; governmental affairs and political participation. This Committee also assists the Board in fulfilling its oversight responsibility with respect to certain other matters, including Abbott's sustainability and social responsibility policies and practices. In addition, this Committee has responsibility to review social, political, economic and environmental trends and public policy issues that could impact Abbott's business activities, performance, and public image, and review them with the Board as appropriate. The Public Policy Committee Charter, which details the Committee's Authority and Responsibilities, is at http://dam.abbott.com/en-us/documents/pdfs/investors/public-policy-committee-charter672018.pdf [...] Abbott's commitment to sustainable business starts at the top and is integrated across the company: Our Board of Directors and senior management lead our sustainability activities. The Board's Public Policy Committee is responsible for reviewing and evaluating our sustainability and social responsibility policies and practices. Abbott's Global Sustainability team leads implementation of our strategy across Abbott's global operations and oversees reporting of environmental, social and governance performance in our four businesses, key functional areas and affiliates around the world. The Global Sustainability team reports to our Vice President, Public Affairs and Corporate Marketing, who reports directly to our Chairman and CEO. Our Global Citizenship Advisory Council (GCAC), a group of independent expert advisors and thought leaders in the area of sustainability, provides Abbott with guidance on strategic sustainability issues. This includes identifying risk and opportunities across our organization.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Abbott's commitment to sustainable business starts at the top and is integrated across the company: Our Board of Directors and senior management lead our sustainability activities. The Board's Public Policy Committee is responsible for reviewing and evaluating our sustainability and social responsibility policies and practices. Abbott's Global Sustainability team leads implementation of our strategy across Abbott's global operations and oversees reporting of environmental, social and governance performance in our four businesses, key functional areas and affiliates around the world. The Global Sustainability team reports to our Vice President, Public Affairs and Corporate Marketing, who reports directly to our Chairman and CEO.

Our Global Citizenship Advisory Council (GCAC), a group of independent expert advisors and thought leaders in the area of sustainability, provides Abbott with guidance on strategic sustainability issues. This includes identifying risk and opportunities across our organization.

The Global Operations Council (GOC) oversees execution of the strategy for all Abbott operations (Manufacturing, Supply Chain, Engineering and Environment, Health and Safety) based on internal assessment, risk profiles and industry best practices to continuously improve Abbott's performance. The council is chaired by our Senior Vice President, Quality Assurance, Regulatory and Engineering Services, and includes three corporate officers and 26 divisional vice presidents, representing division and corporate operations.

Abbott's Sustainability Goal Leads and Operations Functions leads the integration of sustainability within our business and oversees Abbott's reporting of environmental, social and governance (ESG) performance. The team includes representatives from Corporate Purchasing, Global Environment, Health and Safety, Ethics and Compliance, Quality and Regulatory Affairs, Cybersecurity, Human Resources, Supply Chain, Legal, Corporate Governance, Research and Development, Investor Relations, Global Marketing, Government Affairs and Commercial Operations. It also includes representatives from our affiliate operations in key markets around the world.

Several of our global affiliates have formed their own local cross-functional sustainability working groups, which embed responsible business practices and drive stakeholder engagement initiatives tailored to local needs.

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]The Public Policy Committee of the Abbott Board of Directors is responsible for oversight of Abbott's Government Affairs function and public policy issues that affect or could affect Abbott's business, performance, and public image, as well as reviewing and evaluating Abbott's governmental affairs and political participation, including advocacy priorities, political contributions, lobbying activities, and trade association memberships.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]No, and we do not plan to have one in the next two years

Below is a list of U.S. trade associations to which Abbott paid dues of $50,000 or more in 2023, and which lobby in the U.S. at the federal level. Also provided for each trade association is the percentage of the 2023 dues they collect from member companies utilized by that organization for federal lobbying.

• Advanced Medical Technology Association (8%) • American Clinical Laboratory Association (59%) • California Life Sciences Association (22%) • Columbus Partnership (8%) • Consumer Brands Association (17%) • Council for Responsible Nutrition (15%) • Healthcare Nutrition Council (2%) • H.R. Policy Association (60%) • Infant Nutrition Council of America (25%) • International Dairy Food Association (14%) • Medical Device Manufacturers Association (30%) • U.S. Chamber of Commerce (20%)