Molson Coors Beverage Co

### Governance Ensuring Responsible Public Policy

Molson Coors actively engages in the political environment to inform public policymakers on issues and practices that relate to our company and industry. We also promote the responsible promotion and consumption of our products. The Governance Committee of our Board of Directors oversees corporate and political action, including committee political contributions, and receives annual reports on political giving.

In February 2021, our Board of Directors adopted an enhanced Political Contribution Policy, outlining Molson Coors' policies, procedures and philosophy regarding political contributions and activities. The updated Policy reaffirms broad criteria that drive decisions regarding political contributions by employee-funded entities, corporate contributions where allowed by law, and other lobbying and advocacy efforts. The updated Policy also reiterates that political spending will not be influenced by the political preferences of any individual director, officer or employee.

In performing these activities, Molson Coors conducts its business ethically and in compliance with applicable law. Our business rules state that only designated company employees may engage in public policy work on behalf of Molson Coors, and they must adhere to specific registration, ethics and disclosure requirements in their respective jurisdictions. In addition, our Code of Business Conduct provides guidance on political contributions for employees.

In the US, political contributions support candidates, political parties and committees at both federal and state levels, aligned to a set of giving criteria that is focused on a pro-company agenda. In 2020, our contributions to candidates for state office, state political entities and ballot initiatives totaled approximately $371,875. We follow rigorous internal protocols, legal policies and external controls to ensure all political contributions are made and reported in strict compliance with appropriate federal, state and local laws and regulations. The amounts of contributions made to candidates or parties at state level are generally publicly available on the respective state's website as disclosures on the campaign finance reports required by that jurisdiction.

Molson Coors also operates the Molson Coors Political Action Committee (Molson Coors PAC), which made contributions to candidates totaling approximately $63,500 in 2020, through voluntary contributions from a restricted class of eligible employees. The Molson Coors PAC is registered with the Federal Election Commission (FEC) and files monthly reports with the FEC or as otherwise prescribed by federal law. These reports are publicly available at www.fec.gov and provide an itemization of the Molson Coors PAC receipts and disbursements, including contributions to candidates, party committees and any other organizations.

Our total political donation in Canada was approximately CAD$2,000 in 2020. For further details, please see the relevant provincial websites.

### Ensuring Responsible Political Contributions

###### We actively participate in political engagements to inform public policymakers of developments that relate to our company and industry.

The Governance Committee of the Board of Directors oversees all corporate political activities and receives annual reports on political giving.

Our Political Contribution Policy outlines Molson Coors' policies, procedures and philosophy regarding political contributions and activities. Updated in February 2021, it reaffirms broad criteria that drive decisions regarding political contributions (as permitted by law) by employee-funded entities, corporate contributions, as well as other lobbying and advocacy efforts. It affirms that any political engagement, including contributions, will not be influenced by the political preferences of any individual director, officer or employee.

We commit to conducting these activities ethically and in compliance with the law. Our business rules state that only designated employees may engage in public policy work on our behalf. In doing so, they must adhere to specific registration, ethics and disclosure requirements in their respective jurisdiction. Our Code of Business Conduct provides employees with additional guidance.

In the US, political contributions support candidates, political parties and committees at both federal and state levels, aligned with criteria that focus on a pro-company agenda. In 2021, our contributions to candidates for state office, state political entities and ballot initiatives totaled approximately $214,150. We follow rigorous internal protocols, legal policies and external controls to ensure political contributions are made and reported in compliance with appropriate federal, state and local laws and regulations. The value of contributions at the state level are generally publicly available on the respective state's website as disclosures on the campaign finance reports required by that jurisdiction.

We also operate the Molson Coors Political Action Committee (Molson Coors PAC). The Molson Coors PAC is registered with the Federal Election Commission (FEC) and files monthly reports with the FEC, or as otherwise prescribed by federal [law. These reports are publicly available at www.fec.gov and](http://www.fec.gov) provide an itemization of the Molson Coors PAC receipts and disbursements, including contributions to candidates, party committees and any other organizations.

In Canada, our total 2021 corporate political contribution was approximately CAD$8,000 in select provinces where permitted by law.

Molson Coors Beverage Company ("Molson Coors") actively participates and engages in the political process. Political participation takes many forms, including lobbying, making political contributions, and participating in trade associations. In conducting these activities, Molson Coors conducts its business ethically and in compliance with the law. Management regularly consults with outside counsel to ensure political activities undertaken are reported as required by law to applicable federal, state and local authorities. In addition, senior employees are required to take annual training courses on its code of conduct. [...] Our Chief Legal & Government Affairs Officer and Vice President - Government Affairs, in consultation with outside counsel, oversee all political activity. This includes any use of funds to further our public policy and political interests. [...] The Governance Committee of the Board of Directors oversees the company's corporate and PAC political contributions and receives annual reports that review political giving. Management of our participation in such activities is the responsibility of the Chief Legal & Government Affairs Officer and Vice President - Government Affairs. [...] Molson Coors PAC has its own board of directors, which approves all PAC contributions. The Molson Coors PAC board of directors has established in its operating guidelines the following criteria to support candidates: their position on Molson Coors' priority issues, leadership position, committee assignments, representation of Molson Coors operations/people and likelihood of election success. These criteria are available to all Molson Coors employees and feedback/questions from Molson Coors employees on specific contributions is welcomed. [...] Any such contribution requires the review and approval of the Chief Legal & Government Affairs Officer and Vice President - Government Affairs, in consultation with counsel, and contributions are publicly disclosed as required by applicable federal, state or local law. [...] Management of our advocacy activities contained in this section is the responsibility of the Chief Legal & Government Affairs Officer and Vice President - Government Affairs. Molson Coors' Leadership Team and Board regularly receive updates on advocacy activity and priorities. [...] Trade association membership is subject to senior management approval and oversight and comes with the understanding that trade associations are consensus-driven organizations and, typically, no one member may dictate the priorities of the organization over the concerns/objections of other members.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Molson Coors actively seeks to engage both local, national and international policy makers in an effort to encourage practical policies and legislation in the area of both mitigation and adaptation, as well as drive the establishment of voluntary schemes and community programs that function where legislation is missing or inappropriate. Since 2015 we committed to supporting national governments in adopting an ambitious international framework of national GHG reduction targets and resources to fund adaptation. This was done in collaboration with the leaders in the beverage sector in the form of a Beverage Industry Environmental Roundtable (BIER) joint commitment and was designed to lend our collective support to the 'Road to Paris' process. This is consistent with our strategy of acting in collaboration with others as a means of achieving a wider impact and of encouraging action on climate change that addresses both GHG emissions mitigation, as well as adaptation.

In the UK, the Company is a member of the British Beer and Pub Association trade body and has participated in number of its committees and policy forming bodies including the Environmental Panel which advises on energy and carbon policy. As a trade body, the BBPA meets with the policy makers to discuss future legislation and the potential impact of it on the brewing industry, including climate change legislation and emission trading schemes. The BBPA also responds to consultation documents on future legislation incorporating the views of all its members.

In Canada, MCBC is a member of Beer Canada, a trade association that works with members, governments, stakeholders and the public.

In the US, we have been working with the EPA through voluntary programs such as the Climate Leaders' Voluntary Greenhouse Gas Reduction Program and EPA Smartways Program. These programs encourage adoption of fuel-saving equipment and practices in transportation.

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?[…]Molson Coors actively seeks to engage local, national and international policy makers in an effort to encourage practical policies and legislation about a wide range of issues including sustainability, energy and mitigation and adaptation to climate change. Molson Coors also participates in trade and industry associations that may support our public advocacy efforts. Our Chief Legal & Government Affairs Officer and VP Government Affairs oversee all political activity and manage our advocacy activities. Molson Coors' Leadership Team and Board regularly receive updates on advocacy activity and priorities. The Chief Legal & Government Affairs Officer is a member of the ESG Leadership Steering Committee. This guarantees the Company's engagement activities are consistent with our overall climate change strategy. Trade association membership is subject to senior management approval and oversight.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes