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Statement on the Purpose of a Corporation Americans Deserve An Statement on the Purpose of a Corporation Americans deserve an economy that allows each person to succeed through hard work and creativity and to lead a life of meaning and dignity. We believe the free-market system is the best means of generating good jobs, a strong and sustainable economy, innovation, a healthy environment and economic opportunity for all. Businesses play a vital role in the economy by creating jobs, fostering innovation and providing essential goods and services. Businesses make and sell consumer products; manufacture equipment and vehicles; support the national defense; grow and produce food; provide health care; generate and deliver energy; and offer financial, communications and other services that underpin economic growth. While each of our individual companies serves its own corporate purpose, we share a fundamental commitment to all of our stakeholders. We commit to: - Delivering value to our customers. We will further the tradition of American companies leading the way in meeting or exceeding customer expectations. - Investing in our employees. This starts with compensating them fairly and providing important benefits. It also includes supporting them through training and education that help develop new skills for a rapidly changing world. We foster diversity and inclusion, dignity and respect. - Dealing fairly and ethically with our suppliers. We are dedicated to serving as good partners to the other companies, large and small, that help us meet our missions. - Supporting the communities in which we work. We respect the people in our communities and protect the environment by embracing sustainable practices across our businesses. - Generating long-term value for shareholders, who provide the capital that allows companies to invest, grow and innovate. We are committed to transparency and effective engagement with shareholders. Each of our stakeholders is essential. We commit to deliver value to all of them, for the future success of our companies, our communities and our country. Released: August 19, 2019 Signatures Updated: September 2019, December 2019, February 2020, April 2020, June 2020, August 2020, September 2020, October 2020, February 2021 and July 2021. Kevin J. Wheeler Daniel P. Amos Nicholas K. Akins President & Chief Executive Chairman and CEO Chairman, President and CEO Officer Aflac American Electric Power A. O. Smith Corporation Roger K. Newport Stephen J. Squeri Robert Ford Chief Executive Officer Chairman and CEO President and Chief Executive AK Steel Corporation American Express Officer Abbott Julie Sweet John O. Larsen Thomas Bartlett Chief Executive Officer Chairman, President & CEO President and Chief Executive Designate Alliant Energy Officer Accenture American Tower Corporation Carlos Rodriguez Lee Styslinger, III James M. Cracchiolo President and CEO Chairman & CEO Chairman and Chief ADP Altec, Inc. Executive Officer Ameriprise Financial Mike Burke Jeffrey P. Bezos Steven H. Collis Chairman and CEO Founder and Chief Chairman, President and AECOM Executive Officer Chief Executive Officer Amazon AmerisourceBergen Corporation Andrés Gluski Doug Parker Gail Koziara Boudreaux President and CEO Chairman & CEO President and CEO The AES Corporation American Airlines Anthem, Inc. Greg Case John A. Hayes Laurence D. Fink CEO Chairman, President Chairman and Chief Aon and CEO Executive Officer Ball Corporation BlackRock, Inc. Tim Cook Brian Moynihan Todd Gibbons CEO Chairman and CEO Chief Executive Officer Apple Bank of America BNY Mellon Eric Foss José (Joe) E. Almeida Frédéric B. Lissalde Chairman, President & CEO Chairman, President and Chief President and Chief Aramark Executive Officer Executive Officer Baxter International Inc. BorgWarner Inc. Alan B. Colberg Philip Blake Rich Lesser President and CEO President Bayer USA CEO Assurant Bayer USA Boston Consulting Group Randall Stephenson Brendan P. Bechtel Robert Dudley Chairman and Chief Executive Chairman & CEO Group CEO Officer Bechtel Group, Inc. BP plc AT&T Inc. John Stankey Corie Barry Bernard Looney Chief Executive Officer Chief Executive Officer Chief Executive Officer AT&T Inc. Best Buy Co., Inc. BP Giovanni Caforio D. James Umpleby III Evan G. Greenberg Chairman and Chief Chairman and Chief Executive Chairman & CEO Executive Officer Officer Chubb Bristol Myers Squibb Caterpillar, Inc. Bob Biesterfeld Robert E. Sulentic David M. Cordani President and Chief Executive President & CEO President and Chief Officer CBRE Group, Inc. Executive Officer C.H. Robinson Worldwide Cigna Maurice R. Greenberg Michael F. Neidorff Chuck Robbins Chairman and CEO Chairman, President, and CEO Chairman and CEO C.V. Starr & Co., Inc. Centene Corporation Cisco Systems, Inc. Mike Kaufmann W. Anthony Will Michael L. Corbat Chief Executive Officer President & Chief Chief Executive Officer Cardinal Health Executive Officer Citigroup, Inc. CF Industries Kewsong Lee Michael K. Wirth Lourenco Goncalves Co-Chief Executive Officer Chairman and Chief Executive Chairman, President and The Carlyle Group Officer Chief Executive Officer Chevron Corporation Cleveland-Cliffs, Inc. David Gitlin Brian Niccol Hubertus M. Mühlhäuser President and Chief Executive Chairman and Chief Executive Chief Executive Officer Officer Officer CNH Industrial Carrier Global Corporation Chipotle Mexican Grill James Quincey Tom Linebarger Michael S. Dell Chairman and Chief Chairman and CEO Chairman and CEO Executive Officer Cummins Inc. Dell Technologies The Coca-Cola Company Brian Humphries Brett White Punit Renjen Chief Executive Officer Executive Chairman & CEO Global CEO Cognizant Cushman & Wakefield Deloitte Brian L. Roberts Larry Merlo Ed Bastian Chairman & CEO President & CEO Chief Executive Officer Comcast Corporation CVS Health Delta Air Lines, Inc. Ryan M. Lance Karen S. Lynch Bob Chapek Chairman & CEO President and Chief Executive Chief Executive Officer ConocoPhillips Company Officer The Walt Disney Company CVS Health Wendell P. Weeks Hal Yoh Jim Fitterling Chairman, Chief Executive Chair and CEO Chairman and Chief Executive Officer & President Day & Zimmermann Officer Corning Incorporated Dow James C. Collins, Jr. John May Lynn Good Chief Executive Officer Chief Executive Officer Chairman, President & CEO Corteva Agriscience Deere & Company Duke Energy Ed Breen David A. Ricks Revathi Advaithi Executive Chair of the Board & Chairman and Chief Executive Chief Executive Officer CEO Officer Flex DuPont de Nemours, Inc. Eli Lilly and Company JM Lawrie Christopher M. Crane Carlos M. Hernandez Chairman, President, and CEO President and Chief Executive Chief Executive Officer DXC Technology Officer Fluor Corporation Exelon Corporation Mike Salvino Darren W. Woods James P. Hackett President and Chief Executive Chairman and CEO President and CEO Officer Exxon Mobil Corporation Ford Motor Company DXC Technology Mark J. Costa Carmine Di Sibio James “Jim” D. Farley, Jr. Chairman and CEO Global Chairman & CEO President and Chief Executive Eastman Chemical Company EY Officer Ford Motor Company Craig Arnold Frederick W. Smith Lachlan K. Murdoch Chairman and CEO Chairman & CEO Executive Chairman & CEO EATON FedEx Corporation Fox Corporation Pedro J. Pizarro Gary Norcross Richard C. Adkerson President & CEO Chairman, President & CEO Vice Chairman, President and Edison International FIS Chief Executive Officer Freeport-McMoRan Inc. Sonia Syngal Andrew J. McMahon Darius Adamczyk Chief Executive Officer Chief Executive Officer and Chairman and CEO Gap Inc. President Honeywell The Guardian Life Insurance Company of America Phebe Novakovic Gerald W. Evans Enrique Lores Chairman and CEO CEO President and CEO General Dynamics Corporation Hanesbrands Inc. HP Inc. Mary Barra Stephen B. Bratspies Bruce Broussard Chairman & CEO Chief Executive Officer President and CEO General Motors Company Hanesbrands Inc. Humana Inc. David M. Solomon Dinesh C. Paliwal Mike Petters Chairman and Chief President and Chief Executive President and Chief Executive Executive Officer Officer Officer The Goldman Sachs Group, Inc HARMAN International Huntington Ingalls Industries Bradley J. Preber Steven R. Swartz Arvind Krishna Interim CEO President and CEO Chief Executive Officer Grant Thornton LLP HEARST Corporation IBM Corporation Deanna M. Mulligan Craig Menear Ginni Rometty President and CEO Chairman, CEO and President Chairman, President, and Guardian Life Insurance The Home Depot Chief Executive Officer Company of America IBM Corporation Charles Phillips Steve Demetriou Christopher M. Gorman Chief Executive Officer Chair and CEO Chairman, Chief Executive Infor Jacobs Officer, and President KeyCorp Patrick Gelsinger Samuel R. Allen Bruce E. Grewcock Chief Executive Officer Chairman and CEO CEO and Chairman of the Intel John Deere Board Kiewit Corporation Robert H. Swan Alex Gorsky Michael Hsu Chief Executive Officer Chairman of the Board and Chairman of the Board and Intel Corporation Chief Executive Officer Chief Executive Officer Johnson & Johnson Kimberly-Clark Mark S. Sutton George R. Oliver Bill Thomas Chairman and CEO Chairman and CEO Global Chairman and CEO International Paper Co. Johnson Controls KPMG LLP Michael I. Roth Jamie Dimon Lynne M. Doughtie Chairman and Chief Chairman and CEO Chairman and CEO Executive Officer JPMorgan Chase & Co. KPMG LLP Interpublic Group Linda H. Apsey Beth E. Mooney William M. Brown President & CEO Chairman & CEO Chairman & Chief ITC Holdings Corp. KeyCorp Executive Officer L3Harris Technologies, Inc. Beth E. Ford Jeff Gennette Roger W. Crandall President and CEO Chairman
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