Kerry Group PLC

###### CLIMATE GOVERNANCE AND REPORTING

Climate governance

###### Stakeholder collaboration is essential to the success of our Climate Transition Plan. This collaboration is designed to be mutually beneficial, underpinned by transparency, cooperation, and a commitment to continuous improvement.

The Board Sustainability Committee guides and oversees Kerry's Beyond the Horizon strategy, including its commitments on Climate. The Committee is supported in this role by the Sustainability Executive Committee, whose members include Kerry's CEO, CFO and other members of our Executive Leadership Team. Together, they assess risks and opportunities, determine strategy, review progress and prioritise actions. The Chief Operating Officer (COO) and our Integrated Operations team play a lead role in driving climate action across our business and wider supply chain with the support of other functional leaders and sustainability teams.

The development of Kerry's Climate Transition Plan has been a collaborative effort, with extensive cross functional engagement and input. The plan has been reviewed and approved by the Sustainability Executive Committee and the Group's Board of Directors.

###### Reporting and review

Kerry monitors its GHG emissions performance on an ongoing basis, undertaking detailed assessment of our scope 1, 2 and 3 emissions. Internally we track performance against our 2030 targets and progress is reported through our Environmental Council, led by the COO, to the Sustainability Executive Committee and the Sustainability Committee of the Board.

Progress against our short-and long-term goals is communicated externally in our Annual Report and through CDP disclosures. Measuring GHG emissions can be challenging, particularly scope 3, which relies on estimates and third party sources of information. We align our reporting with recognised standards for consistency and to enable meaningful comparisons of our progress over time.

Kerry has already adopted the recommendations of the Taskforce on Climate-related Financial Disclosures, including the use of scenario analysis. More detail on this and our climate performance can be found in our Annual Report.

We will continue to report our progress on climate action within our annual report, in alignment with best-practice disclosure standards and legislation, such as the European Sustainability Reporting Standards (ESRS) requirements, which apply to Kerry from 1 January 2024.

###### Linking performance to remuneration

Kerry's remuneration philosophy ensures that executive remuneration is aligned to the Group's purpose, culture and values, supports strategy and promotes the long-term success of the company. The Long-Term Incentive Plan for Executive Directors and senior leaders within the organisation reflects this through the three key areas of growth, return and sustainability. The incentive plan considers core sustainability metrics linked to our Beyond the Horizon sustainability strategy. The metrics used include food waste reduction and carbon reduction, specifically the progress towards our science-based targets on scope 1 and 2 emissions.

###### Public Policy

DISCLOSURE 415

103-1 Material Topic and Boundary
Dialogue with political representatives and policy makers and participation in public discourse are important drivers for the direction of policy in the food, beverage and pharmaceutical industries. These exchanges with relevant stakeholders; where interests are expressed, views are shared and awareness of certain issues raised, must take place in a transparent matter with all parties exercising the highest level of integrity, ensuring that no undue advantage is taken through political influence. The importance of transparency in the way Kerry operates is reflected through the high rating for this topic in our materiality assessment, as outlined on page 16.

103-2 Our Management Approach
Kerry is a non-partisan organisation and its constituent businesses do not support political parties, either directly or indirectly, or make financial contributions to political parties or public officials. Political contributions and activities, guidelines and compliance are outlined in the Responsible Political Engagement Policy.

Kerry will cooperate with governments and state authorities, directly and through representative bodies, such as trade associations, in the development of legislation and statutory regulations. Communicating, engaging and interacting with public officials in our markets is an important part of our business. We do this to inform them of our corporate position on legitimate issues and concerns that affect our industry, businesses, customers or colleagues. This in turn helps to increase our understanding of issues and helps us engage in relevant policy and regulatory debates.

103-3 Evaluation of Management Approach
The Responsible Political Engagement Policy is owned and maintained by the Group's Legal function who are responsible for the administration and communication of this policy and related training. Legal also maintain the Governments and Public Officials Contact Register. Our policy and management approach are reviewed by the Group legal function annually.

Disclosure 415-1: Political Contributions
Kerry did not support any political parties and made no political contributions during the reporting year. The Company made no political contributions which require disclosure under the Electoral Act, 1997 as outlined in the Directors' Report of Kerry Group's 2021 Annual Report on page 95.

The Sustainability Committee, a committee of the Board, is responsible for overseeing the Group's sustainability objectives and performance, including the delivery of the Group's Beyond the Horizon sustainability strategy, as outlined in the Committee's Terms of Reference, available on kerry.com. Membership of this Committee includes Board members with deep experience across food and beverage, as well as experience in addressing sustainability-related matters. [...] The Audit Committee supports the Board by overseeing the Group's external reporting and reviewing and monitoring the effectiveness of the Group's risk management and internal control processes. This includes the Group's preparations for compliance with the ESRS. [...] The Sustainability Committee is in turn supported by the Sustainability Executive Committee which steers the Group's investment decisions and progress towards our 2030 commitments across people, society, and planet including plans to reach net zero before 2050, as outlined in our Beyond the Horizon strategy. Membership of the Sustainability Executive Committee includes Kerry's CEO, CFO and other members of our Executive Leadership Team who meet throughout the year to consider our strategy, review progress and prioritise activities and investment. [...] The Sustainability Executive Committee is supported by additional governance councils at functional levels who have accountability for specific environmental and social areas, as represented in the Sustainability Governance chart graphic (see page 134). Each council is led by a member of our Executive Leadership Team or a senior leader and meets at least quarterly. These councils discuss strategies and initiatives that are helping to reach the targets we have stipulated in our Beyond the Horizon strategy, as well as reviewing performance against those strategies and initiatives."
"Through our engagement with government and state authorities, we outline our contribution to sustainable development at local, regional and national level. We inform them of our corporate position on the concerns facing our industry and we can increase our understanding of wider issues, enabling us to engage as appropriate in relevant policy and regulatory debates. [...] The Sustainability Committee of the Board guides and oversees Kerry's Beyond the Horizon sustainability strategy, including our efforts on climate. It is supported by the Sustainability Executive Committee, which comprises Kerry's CEO, CFO, and other members of our Executive Leadership Team. Together, they assess climate-related impacts, risks, and opportunities, determine strategy, review progress, and prioritise actions. The Chief Operating Officer and our Procurement and Integrated Operations teams play a lead role in driving climate action across our business and wider supply chain with the support of other functional leaders and sustainability teams. [...] Continuous monitoring of GHG emissions is critical to making progress. We track performance against our targets, with progress reported through the relevant functional sustainability councils, to the Sustainability Executive Committee and the Board's Sustainability Committee. Updates on performance versus our 2030 targets are shared externally in our Annual Report. We align our reporting with the following recognised standards and frameworks to maintain consistency and enable meaningful comparisons of our progress over time, including the European Sustainability Reporting Standards (ESRS), EU Taxonomy, Task Force on Climate-related Financial Disclosures (TCFD), and the Greenhouse Gas (GHG) Protocol.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Kerry Group Sustainability Council:
The Group's sustainability council has ultimate responsibility for directing all sustainability activities including those relating to climate change. Our performance against our targets and our external engagement activities are overseen by the council and it is members of this governing body who engage externally or approve Kerry's engagement and position with relevant organisations.

Stakeholder Engagement Process:
Our Corporate affairs and regulatory affairs departments take a key lead in engagement with external bodies, helping to ensure that Kerry's position is consistent across these organisations, In addition, at site level we have a stakeholder engagement process to help capture details of more indirect and local level activities. Here details of engagement activities with external parties are recorded and these are reviewed at Group level to ensure engagement is consistent with Kerry Group position.

Internal Communication:
Kerry also uses its internal communications channels and learning platforms to reinforce our position and actions on various sustainability issues, including climate change. In this way we keep colleagues updated and informed of the Group's position on these key areas which in turn helps to ensure a consistent approach to external activities and messaging.

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

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?[…]Kerry has a number of processes and controls in place to ensure Kerry's external engagement and representation remains consistent with our company positioning, including;