1、THE ESTE LAUDER COMPANIES INC.OUR FISCAL 2024REPORTSOCIAL IMPACT&SUSTAINABILITY3ABOUT THIS REPORTCAUTIONARY NOTE This report contains information about our social impact and sustainability goals,targets,initiatives,commitments,and activities of ELC (which includes The Este Lauder Companies Inc.and i

2、ts subsidiaries).These efforts involve certain risks and uncertainties,such as changes in our business(e.g.,acquisitions,divestitures,or new manufacturing or distribution locations),financial performance,the standards by which achievement is measured,the assumptions underlying a particular goal or m

3、atter,and our ability to accurately report particular information.Actual results could differ materially from our stated goals or the results we expect.Changing circumstances,including evolving expectations for social impact and sustainability generally or to specific focus areas,changes in standard

4、s or the way progress or achievement is measured,may lead to adjustments in,or the discontinuation of,our pursuit of certain goals,commitments,or initiatives.Moreover,the standards by which social impact and sustainability efforts and related matters are measured are developing and evolving,and cert

5、ain areas are based on assumptions.The standards and assumptions could change over time.The selection by management of alternative acceptable measurements could have resulted in materially different amounts or metrics reported herein.In addition,statements made about our company,business,or efforts

6、may not apply to all business units(e.g.,ones that were more recently acquired).This report may use certain terms that third parties refer to as“material”in connection with certain social impact and sustainability matters.Used in this context,however,these terms are distinct from,and should not be c