ESTEE LAUDER COMPANIES INC

The proposal requests that the company publish, within one year, a report (excluding proprietary or privileged information) assessing how it can accelerate and strengthen efforts to reduce harm from plastic packaging and that the report quantify and establish tracking of the company’s total plastic usage. The requested report is intended to evaluate opportunities to scale reductions, improve pace and rigor of action, and identify measurable indicators, potentially including a time-bound total plastic reduction goal. The proponents cite environmental and health impacts of plastics, regulatory and market risks related to packaging, and peer company disclosures as rationale. The report would be prepared at reasonable cost and provide investors with clearer metrics on the company’s plastics footprint and mitigation strategy.