A WORLD OF SHARED INTERESTS

The Estée Lauder Companies is proud of its role as the global leader in prestige cosmetics and personal care products. No company operates in isolation. Our interests coincide with the interests of the larger community and of the world. In cosmetics research, we use the term "cascade of events" to describe the skin's reaction to certain stimuli. Similarly, our performance as a Company creates a reaction that ripples throughout the communities in which we work and the environment in which we live. Our goal is to make our effect on the world as positive as it can be.

As a Company, we are responsible to a variety of stakeholders. These include our employees, our shareholders, our communities, our suppliers, our retail customers and-always-our consumers.

We are committed to making innovative products of the highest quality that are good for people and that have the least impact on our planet.

We acknowledge our shareholders' desire to profit from their ownership in our Company, and we will do our utmost to fulfill this desire while practicing good world citizenship.

We will continue our commitment to corporate philanthropy, providing generous support to health initiatives, research, education, environmental causes and the arts.