Starbucks : ESG (Starbucks Fiscal 2024 Global Impact Report About this Report)

Published: 2025-05-08 13:49:07 ET SBUX

Published on 05/08/2025 at 13:49

Appendix

Scope

This report provides an overview of our impact strategies and progress during fiscal year 2024 (FY24). While this report is not an exhaustive summary of our efforts, it helps demonstrate the integration between our business and our promises to our most important stakeholders: partners (employees), the environment, farmers, communities, customers, and shareholders. This report also includes data tables that reflect our progress against our goals.

We've included links to information and resources publicly available at about.starbucks.com and starbucks.com regarding financial, corporate governance work, workplace and diversity policies and performance, because these commitments are directly tied to our business. The geographic scope of all data points in the report are tracked against U.S. company operations unless otherwise noted. Starbucks referenced relevant and broadly accepted reporting frameworks in preparing this report, including the Sustainability Accounting Standards Board standards, the IFRS Sustainability Disclosure Standards, the recommendations of the Task Force on Climate-related Financial Disclosures, and the Global Reporting Initiative standards. Starbucks is committed to United Nations Sustainable Development Goals and uses these goals as a lens for our social impact programs and collaborations with others. Based on our stakeholder engagement efforts, we also believe these areas are important to our customers, our partners, nongovernmental organizations (NGOs) and investors.

Any references to "priority" or "relevant" in this report do not correspond to the concept of materiality used by the U.S. Securities and Exchange Commission. While Starbucks believes that the impact issues described in this report are important, we currently do not believe

Reporting Year

Starbucks fiscal year 2024 or "FY24" is October 2, 2023 through September 29, 2024, unless otherwise noted.

Currency

All references to currency are in U.S. dollars, unless otherwise noted.

Previous Reports

Starbucks has produced an annual impact report since 2001. Previous annual reports and additional resources are available on our website.

Information Integrity

that such issues are material to our financial results and results of operations, except to the extent referenced in our 10-K and subsequent

10-Q filings. This report also contains human capital measures or objectives that may be different from or are in addition to the human capital measures or objectives that Starbucks is required to disclose in its 10-K. For a discussion on human capital measures or objectives that Starbucks focuses on in managing its business, please see the "Human Capital Management" section in our most recently filed 10-K.

Starbucks management is responsible for the preparation and integrity of the information reported for FY24. Through a system of internal controls, including a comprehensive verification process involving internal subject matter experts, we believe this information accurately represents our global impact activities and performance results for the fiscal year. External verification over specified metrics is provided by Moss Adams LLP and Burns & McDonnell Engineering Inc.

Stay Up-to-Date

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Appendix

California AB 1305 Disclosure Statement

The information below is prepared in accordance with the requirements of California AB 1305.

Progress towards Starbucks climate targets is annually reported in this Global Impact Report, in our CDP questionnaire and in other disclosures on our website.

Starbucks 2030 greenhouse gas (GHG) emissions reduction target was validated by the Science Based Targets initiative (SBTi) in March 2021. The SBTi has confirmed that our scope 1 and 2 portion of our target is aligned with a 1.5°C pathway. We measure annual progress towards our SBTi GHG emissions reduction target through our GHG emissions inventory which is reported in the data tables contained in this report. Starbucks obtains independent third-party verification of annual Scope 1, 2 and 3 GHG emissions, as documented in the verification letter included with this report.

Starbucks has set a goal to achieve carbon neutral green coffee sourcing by 2030. Starbucks currently measures interim progress toward this goal by processing soil samples to enable reductions in fertilizer applications on coffee farms.

Statements relating to the potential emissions reduction benefits associated with the implementation of regenerative agriculture practices across key supply chains such as coffee and dairy.

Statements connected to Starbucks testing of innovative business models, menu items, and related strategies that provide potential emissions reduction benefits.

Statements connected to emissions reduction potential of changes in Starbucks store design, operation and associated infrastructure.

We contribute to improving farmer tools and knowledge related to agricultural practices that improve resource efficiency in key supply chains globally. This enables farmers to take steps that contribute to an overall reduction in greenhouse gas emissions by preventing excess input application, building soil health and supporting sustainable farming practices.

We continue to invest in research and innovation designed to deliver emissions reductions over the long-term. These

programs involve real-world testing of new ideas and, as such, the specific emissions reductions delivered will depend on the conditions associated with the innovation program.

We invest in store development and operational changes that enable emissions reductions. Starbucks Greener Stores are verified by an independent external organization who verifies implementation of practices designed to improve efficiency and reduce emissions through practices such as renewable energy purchasing. Other programs focus on improving electricity infrastructure through interventions such as increasing battery storage which facilitates renewable energy use and providing electric vehicle charging for customers at certain stores.

Appendix

Burns & McDonnell Moss Adams

Disclaimer

Starbucks Corporation published this content on May 08, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 08, 2025 at 17:48 UTC.