Brown-Forman Corp

Brown-Forman's corporate political contributions are subject to internal procedures designed to align these efforts with our public policy priorities and applicable law. Brown-Forman makes political contributions to candidates from both parties using objective criteria that promote the best interests of the Company. All political contributions using corporate funds must be approved by the Vice President, Director Public Affairs, Americas. [...] The Corporate Governance and Nominating Committee of Brown-Forman's Board of Directors will exercise oversight with respect to the Company's political activities. The Vice President, Director Public Affairs, Americas will provide annual updates to the Corporate Governance and Nominating Committee on such matters consisting of reports on public policy issues, political engagements, and corporate political contributions. The Corporate Governance and Nominating Committee will annually review such activities and related policies.

Our Audit Committee and Corporate Governance Committee share oversight over the risks and disclosure of risks related to environmental, social, and governance matters.

Government Relations Activities Policymakers' decisions have a significant impact on our business, stockholders, employees, communities, customers, suppliers, and industry. As a result, we seek to engage with and educate elected and appointed officials about our business, operations, industry, company, products, and the communities we serve. We spend time and money on these efforts, and we believe that our stockholders want to stay informed about these activities. Disclosure is also critical to our compliance with the laws, regulations, reporting obligations, and company policies related to our participation in the political process. To improve our transparency about the principles that govern these matters, in 2020, we adopted our Political Engagement and Contributions Policy, which includes disclosures about our political contributions. This policy can be found on the Corporate Governance page of our website at www.brown-forman.com /about/corporate-governance/. We encourage you to read the policy to gain an understanding of our policies and processes regarding our political activity. Our disclosures include a list of memberships that the company holds in certain trade associations, any Section 527 and 501(c)(4) contributions, political action committee contributions, and our governance of those contributions. CPA-Zicklin, an independent index that rates the transparency of corporate disclosures of political and lobbying activities, rated our 2020 disclosure with an overall score of 85.7—placing our transparency efforts near the top of that index—and designated our company as a "Most-Improved Company" for the year.

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