Galderma Group AG

Second, we launched a governance framework spearheaded by the ESG Council, chaired by our Chief Executive Officer and composed of all members of our Executive Committee plus a select group of relevant functional leaders such as the Global Head of Research & Development, the General Counsel & Chief Compliance Officer, the Chief Communications Officer and the Chief Procurement Officer. The ESG Council oversees our advancement against our ESG ambition and guarantees the alignment of our internal targets with Galderma's existing strategic and financial governance cycle. The ESG Council also cascades ESG accountability down throughout the organization, including the integration of non-financial objectives within our Executive Compensation framework. Since Galderma's initial public offering (IPO), our ESG governance has been further strengthened by the establishment of a Strategy, ESG & Nomination Committee that ultimately reviews and oversees Galderma's approach to ESG. [...] To further strengthen accountability and leadership oversight within our ESG governance, we link the compensation of our executives to the achievement of Galderma's ESG targets. Specifically, short-term incentives factor in the achievement of select non-financial indicators, the completion of action plans across material topics and the perception of Galderma's ESG agenda among relevant external stakeholders.

#### Galderma's dedicated ESG governance ensures appropriate leadership oversight while driving accountability throughout the organization.

To properly establish, review and track progress toward our ambition to create value across our ESG framework, we have established a dedicated ESG governance. This includes a dedicated Board of Directors subcommittee, an executive-level ESG oversight mechanism and a cross-functional ESG working group.

Galderma's Board of Directors has a dedicated Strategy, ESG and Nomination Committee which is the highest ESG governing body. Its main responsibility is to provide oversight and make recommendations to Galderma's Board of Directors regarding Galderma's ESG strategy and reputation.

We have also established a dedicated executive-level ESG oversight mechanism: the ESG Council. The purpose of the council, in addition to ensuring ESG is adequately considered in Galderma's decision making mechanisms, is to regularly review our ESG ambition and roadmap, monitor our performance across the full spectrum of our ESG framework and manage our material ESG risks and opportunities. The council is chaired by the CEO and includes all members of the Executive Committee as well as other relevant senior functional leaders and meets twice a year. In addition to endorsing and tracking progress against Galderma's internal ESG plans across a set of non-financial indicators, the ESG Council endorses all major internal decisions related to material ESG topics, including but not limited to management of risks and opportunities, disclosures and ratings.

To further strengthen accountability, we link the compensation of our executives to the achievement of our ESG ambition. Specifically, short-term incentives are factor to the achievement of select non-financial indicators, the completion of action plans across material topics and the perception of Galderma's ESG agenda amongst relevant external stakeholders. Further details will be will also be disclosed in our next compensation report.

Lastly, with the establishment of a dedicated cross-functional ESG working group, led by our Global ESG Program Lead, we ensure robust ESG quarterly performance tracking while supporting functions in the development and achievement of their ESG action plans.

The outlined ESG governance mechanism drives alignment with existing strategic and financial governance cycles while cascading down ESG accountability within the relevant business functions.