Estee Lauder : The Estée Lauder Companies Participates in the Generation Equality Forum in Paris

On behalf of The Estée Lauder Companies, I want to say that we are honored to be included today.

Our company was founded by a woman 75 years ago. Today, we are a global company with 50,000 employees - 84% are women. We have 30 brands and millions of consumers.

With this broad reach, we firmly believe that it is our responsibility - and our privilege - to use our resources and our platform to help achieve gender equality and equity around the world.

So, to answer your question, first, we agree that funding is critical. That is why, over the years, The Estée Lauder Companies and our Charitable Foundation have contributed more than $250 million USD to support non-profits focused on girl's education, and women's economic mobility, health, and advancement.

But we also know that we must go beyond funding. We believe that the private sector can do more and must do more. And this begins from within.

At The Estée Lauder Companies, we have committed to:

• Achieve gender pay equity by closing the narrow gap by 2023
• Increase representation from underrepresented groups by 2025
• Achieve gender parity in our most senior leadership positions by 2025

Today, The Estée Lauder Companies and our Foundation pledge to continue to make sustained financial investments to close the gender gap and we commit to leverage our business, our innovation, and our platform to make gender equality a reality.

Specifically, we:

1. Will expand our innovative women's advancement programming through our Open Doors Women's Leadership Program within our company and beyond.
2. We will expand our work with multi-stakeholder partners to drive progress and engagement and we will continue to support organizations doing critical work to promote gender equality.
   
   In this regard, I am proud to say that we are an inaugural partner of Co-Impact's new 'Gender Fund,' announced this week, which supports organizations working to transform systems and shift harmful gender norms.
3. We will expand our support of community partners and NGOs supporting women.

   We know that communities around the world are facing tremendous challenges today-especially in light of the devastating COVID pandemic. And we know that the impact of the pandemic has been greatest on women and girls.

   So, we will expand our work with community organizations and grassroots programs.

   While we are not the source of the solution for many of these challenges, we know that our voice and support can help those who are.

4. And finally, we will leverage our platform to engage the next generation of leaders.

   We will use our global platform to engage and empower young women to activate their voices and be agents of positive change around the world.

In closing, we are honored to participate in this celebration of action for the future. We are inspired by those who came before us, and we are energized by the leaders to come. The Generation Equality Forum speaks to that future and we are so proud to be a part of it.

Thank you.