4. Remuneration Framework Changes in 2023 Sustainability changes – CSL is committed to a healthier world. Our vision is a sustainable future for our employees, communities, patients and donors, inspired by innovative science and a values-driven culture. In 2021 we adopted a sustainability strategy that is based on the three pillars of Environment, Social and Sustainable Workforce, and for the focus areas prioritised under each of the three pillars, in 2022 we have developed a number of actions to validate data sets and baselines. Ensuring a global shared focus on our long term sustainability and global footprint consistent with our CSL purpose and values, from 1 July 2022 a CSL Group sustainability metric has been applied to the STI component of variable reward. Weighted at 5% (noting there will be a reduction in the individual KPI weighting of 5% to include this KPI), all Executives will be held accountable for objectives shown below that are in support of CSL’s goal of reducing carbon emissions by 2030. Detailed milestones and outcomes will be disclosed in the 2023 Remuneration Report. Establish a robust program governance process, including reporting, monitoring and verification that is transparent and aligned with our network strategy. An agile process that focuses on doing the right thing in the right place at the right time Undertake global initiatives that reduce CO2 emissions to meet our 40% reduction target by 2030 and aligned with SBTi; Increase renewable energy supplies at select global manufacturing sites Incorporate sustainable design up front in our new facilities that will ensure long term success as our business grows Engage our supply partners to achieve a low emissions supply chain, working with our suppliers to follow our lead in their scope 1 & 2 and join us on this journey Portfolio Program Governance Energy Initiatives (Scope 1) Renewable Power (Scope 2) New Facilities (Scope 1 & 2) Supplier Engagement (Scope 3) The Board will review on an annual basis to determine the appropriate weighting, measure, target and component of variable reward to align sustainability to (i.e. STI or LTI). CSL Limited Annual Report 2021/22 79
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