Being a sustainable business is our promise, acting as a force for good our objective. Guided by our purpose of 'Creating for happier, healthier lives with love for nature. Let's imagine together.' we will continue to deliver sustainable value creation that benefits all. Our 2025 strategy, ‘Committed to Growth, with Purpose’, is our intention to deliver growth in partnership with our customers through creating inspiring products for happier, healthier lives and having a positive impact on nature, people and communities. Ambitious financial targets remain central to this roadmap: over the next five years, we aim to deliver an average organic sales growth of 4–5% on a like-for-like basis and an average free cash flow of at least 12%. In addition, we have defined bold and ambitious long-term goals in four domains: creations, nature, people and communities. This stand-alone document provides details of our stable and efficient corporate governance and compensation principles that ensure our sustainable value creation. Our comprehensive financial performance may be found in the consolidated financial report and statutory financial report, while our Alternative Performance Measures is detailed in the appendix. About this report Table of contents Governance report 3 Compensation report 22 Consolidated financial report 40 Statutory financial report 106 Appendix 117 Frameworks applied • SIX Directive Corporate Governance • Swiss Code of Best Practice for Corporate Governance • IFRS • Alternative Performance Measures 2021 reporting suite • Integrated Annual Report • Governance, Compliance and Financial Report • In a Nutshell • Online Integrated Report • GRI Sustainability Report Our long-term ambition: Our purpose Creating for happier, healthier lives with love for nature Our mid-term priorities: Our 2025 strategy Committed to Growth, with Purpose CREATIONS NATURE PEOPLE COMMUNITIES 4 – 5% GROWTH PURPOSE LINKED TARGETS > 12% FCF 2 Givaudan — 2021 Governance, Compensation and Financial Report