Warner Bros. Discovery, Inc.

Request that the board prepare a report by the next annual meeting that summarizes whether and how the company’s Impact and Sustainability investments disclosed in the 2024 Impact Report were authorized and are being maintained, using Net Present Value (NPV) and Return on Investment (ROI) metrics. The report should exclude proprietary information and be prepared at reasonable cost. The proposal highlights examples such as green building certifications, employee Business Resource Groups, and investments in renewable energy and climate consulting, and argues these items may lack quantified financial justification. The intent is to provide shareholders with financial transparency to assess whether impact-related spending delivers positive financial returns or primarily serves qualitative objectives.