Abbott: Abbott Laboratories : 2023 GLOBAL SUSTAINABILITY REPORT

GLOBAL SUSTAINABILITY REPORT 2023 GLOBAL SUSTAINABILITY REPORT 2023 ABOUT ACCESS AND AFFORDABILITY DATA WORKFORCE ENVIRONMENT QUALITY SUPPLY CHAIN ETHICS AND GOVERNANCE APPENDIX At Abbott, we're strengthening the resilience of our company so that we can continue to shape the future of healthcare and help more people, in more places, lead fuller, healthier lives. This is the foundation of how we operate and how we plan to deliver long-term impact. We have aligned our reporting with the requirements of leading Environmental, Social, and Governance ratings and sustainability indices (available in the Appendix), seeking stakeholder feedback to drive continuous improvement. The data presented here reflects 2023 performance unless otherwise stated. ON THE COVER: TABLE OF CONTENTS ABOUT About Abbott 04 Our 2030 Sustainability Plan 05 Progress Against Our 2030 Sustainability Plan 07 INNOVATE FOR ACCESS AND AFFORDABILITY 15 Make Access and Affordability Core to New Product Innovation 16 Transform Care for Chronic Disease, Malnutrition, and Infectious Diseases 17 Advance Health Equity Through Partnerships 18 RESPONSIBLY CONNECT DATA, TECHNOLOGY, AND CARE 20 The Principles of Data Use 21 Safely Harnessing the Power of AI 22 BUILD THE DIVERSE, INNOVATIVE WORKFORCE OF TOMORROW 23 Talent Acquisition 24 Diversity, Equity, and Inclusion 25 Employee Development 26 Employee Well-Being 27 Employee Health and Safety 28 Human Rights 29 PROTECT A HEALTHY ENVIRONMENT 30 Energy and Greenhouse Gas Emissions 32 Energy Use 32 Water Stewardship 33 Waste Management 34 Packaging 35 QUALITY MANAGEMENT 36 Establishing a Culture of Quality 37 Quality Management System 37 CREATE A RESILIENT, DIVERSE, AND RESPONSIBLE SUPPLY CHAIN 39 Supplier Expectations 40 Supply Chain Sustainability Due Diligence Program 41 Responsible Sourcing and Product Stewardship 42 Strategic Supply Chain Initiatives 42 ETHICS AND GOVERNANCE 43 Ethics and Integrity 44 Board Oversight 45 Risk Management 45 Sustainability Governance 46 APPENDIX 48 Abbott and Abbott Fund have been working with local groups and the Tanzanian government to strengthen the healthcare system and advance access to care in Tanzania for more than 20 years. A key element of these efforts has been supporting training in emergency medicine. On the cover are some of our training program's 2023 graduates. A Caution Concerning Forward-Looking Statements: Some statements in this report may be forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995. Abbott cautions that these forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those indicated in the forward-looking statements. Economic, competitive, governmental, technological, and other factors that may affect Abbott's operations are discussed in Item 1A, "Risk Factors," in our Annual Report on Form 10-K for the year ended Dec. 31, 2023, and are incorporated herein by reference. Abbott undertakes no obligation to release publicly any revisions to forward-looking statements as a result of subsequent events or developments, except as required by law. 02 GLOBAL SUSTAINABILITY REPORT 2023 ABOUT ACCESS AND AFFORDABILITY DATA WORKFORCE ENVIRONMENT QUALITY SUPPLY CHAIN ETHICS AND GOVERNANCE APPENDIX DEAR ABBOTT STAKEHOLDER: Sustainability is about human flourishing. So is Abbott. We work to advance it at multiple levels. Sustainability is implicit in Abbott's purpose: helping people live fuller lives. That commitment begins with the healthcare products and technologies we create and carries through everything we do as a company. Personal Abbott has a vision for the future of healthcare - one centered on building and sustaining people's health by creating a true healthcare system, rather than the traditional, treatment-focused "sick care" system that we have today. We're pioneering technologies that provide people greater knowledge and power in the management of their health, enabling them to better understand the unique language of their bodies and to respond optimally. Because of Abbott's unique breadth across the spectrum of healthcare, we're able to better see emerging trends and connections, allowing us to provide more of the answers people are seeking to more of their health needs. Societal While we're making healthcare more personal, we're simultaneously working to bring those benefits to more people than ever before. We aim to help three billion people per year by 2030. To achieve that ambitious goal, we've adopted design principles to help us innovate for greater access and affordability of care. This can mean designing products to enable them to be used remotely, helping to reduce the need for care in higher-cost institutional settings. It can mean using materials that reduce product cost. Or it can mean delivering operational efficiency for health system customers, allowing them to care for people at lower cost, achieving greater impact at the societal level. It also means helping communities build greater understanding of health and how to sustain it. Our Future Well Kids program educates children about chronic diseases and inspires them to make healthy choices for their futures, while Future Well Communities helps to address social drivers of health, such as access to nutritious food. This means helping to build needed healthcare infrastructure, as we have through our partnership with the government of Tanzania over the past two decades. This includes creating physical infrastructure, such as the regional laboratory network we've helped build across the country, and human infrastructure, as we've done through the emergency medicine training program we created there. We prioritize projects that are sustainable over the long term, and we commit ourselves to maximizing their impact through the years. Environmental We also work across our operations to minimize the impact of our business on the environment, reducing our waste production, water usage, packaging materials, and emissions, because environmental sustainability is the foundation of human sustainability. This report details Abbott's extensive efforts to advance sustainability throughout our operations in order to help more people than ever. As always, we thank you for your interest in, and support of, this important work. ROBERT B. FORD Chairman of the Board and Chief Executive Officer June 20, 2024 03 GLOBAL SUSTAINABILITY REPORT 2023 ABOUT ACCESS AND AFFORDABILITY DATA WORKFORCE ENVIRONMENT QUALITY SUPPLY CHAIN ETHICS AND GOVERNANCE APPENDIX ABOUT ABBOTT We believe a sustainable future starts with health. For more than 135 years, we've been improving people's health at all ages and stages of life - tackling some of the world's most pressing health problems with our innovative products and technologies. TODAY, OUR PORTFOLIO INCLUDES: OUR CORE VALUES GUIDE EVERYTHING WE DO: Pioneering 2023 ABBOTT IN NUMBERS $40.1B 160+ total 2023 revenue countries where Diagnostics systems and tests performed in laboratories, at the patient's bedside, in doctors' offices, or in the home that provide information to support better and more timely decisions for people and their doctors. Medicines that are affordable and of high quality - to help people get and stay healthy. Medical devices that use the most advanced technologies to keep hearts healthy, treat chronic pain and movement disorders, and give people with diabetes more freedom and less pain and help them better understand and manage their glucose levels. Nutrition products that build and maintain health and strength from infancy onward. We bring a spirit of innovation to everything we do, seeing needs first and delivering game-changing solutions to help people live fuller lives through better health. Achieving Abbott is all about execution. Millions of people worldwide depend on us in vital ways - we honor that trust by delivering for them, and all our stakeholders, every day. Caring We treat the people who depend on us like family. Dr. Wallace Abbott began our company to provide better care for his own patients. That spirit still inspires us. Enduring Abbott has been here for more than 135 years. We intend to be here for the next 135, bringing all the benefits that Abbott creates to all the people who need them. 52 Abbott is present $2.9B years of increasing dividends investment in R&D 114,000 employees RECOGNIZED PERFORMANCE DOW JONES SUSTAINABILITY INDICES Top industry score for 11 years* AMERICA'S MOST JUST COMPANIES #1 in our industry THE WALL STREET JOURNAL MANAGEMENT TOP 250 COMPANIES Ranked #28 overall, #13 in innovation, and #16 in social responsibility FORTUNE MAGAZINE 2023 Most admired company in our industry DIVERSITYINC TOP 50 COMPANIES FOR DIVERSITY 20 consecutive years in 2023 *Abbott's leadership of the Health Care Equipment and Supplies industry on the S&P Global Corporate Sustainability Assessment (CSA) was 04 confirmed for annual Dow Jones Sustainability Indices announcements from 2013-2023, with the most recent score confirmed on December 8, 2023. GLOBAL SUSTAINABILITY REPORT 2023 ABOUT ACCESS AND AFFORDABILITY DATA WORKFORCE ENVIRONMENT QUALITY SUPPLY CHAIN ETHICS AND GOVERNANCE APPENDIX OUR 2030 SUSTAINABILITY PLAN Progress Launched in 2020, our 2030 Sustainability Plan priorities and supporting goals help us embed sustainability into everything we do, supporting our central focus of helping more people in more places live their healthiest possible lives. We're making good progress. As the global health sciences and nutrition partner of the Real Madrid Football Club and global partner of the Real Madrid Foundation since 2021, we are making a lasting impact on the health of future generations. 05 GLOBAL SUSTAINABILITY REPORT 2023 ABOUT ACCESS AND AFFORDABILITY DATA WORKFORCE ENVIRONMENT QUALITY SUPPLY CHAIN ETHICS AND GOVERNANCE APPENDIX OUR 2030 SUSTAINABILITY PLAN Our goal is to improve the lives of 3 billion people a year