Trio - BMS SDA Driving Supplier Progress

Sustainable Procurement

Driving Supplier Progress: The Next Phase of BMS Supplier Decarbonization June 17th, 2026 Bristol Myers Squibb Supplier Decarbonization Accelerator

BMS Supplier Decarbonization Accelerator Team Rondu Vincent Executive Director, Responsible Sourcing BMS

Chelsey Fogarty Manager, Sustainability & Clean Energy Trio

Devin Carsdale Director, Responsible Sourcing BMS

Emily Thiem Consultant, Sustainability & Clean Energy Trio

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Today’s objectives • Review BMS’ Science-Based Targets and expectations for suppliers • Learn about the BMS Supplier Decarbonization Accelerator’s evolution and new workstreams for suppliers launching soon

• Understand recent changes to the Science-Based Targets Initiative and impacts to suppliers setting targets within the next two years

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BMS Supplier Decarbonization Accelerator

BMS’ Ambition & Supplier Requirements

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BMS is committed to achieving net-zero emissions Companies have a critical role to play in the collective effort to mitigate the impacts of climate change At BMS, we understand that healthier environments support healthier people This is why, in 2024, BMS set targets to achieve net-zero emissions across our value chain by 2050

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Internal Use Only

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Supplier partnership is critical for climate action BMS’s Science-Based Targets: 54.6% reduction in BMS’s operational and upstream energy-related emissions by 2033

75% of suppliers by emissions to set science-based targets by 2028

Achieving net-zero emissions requires effort and alignment across our value chain

Net-zero value chain emissions by 2050

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Key suppliers play a vital role in decarbonization

You are a strategic partner •

As assessed by BMS, your value chain emissions are appreciable

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You are a key stakeholder in reducing these emissions

Strategic Sourcing & Procurement

Take action

Recognize value

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Use best practices and creative collaboration to reduce emissions

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Promote human health and well-being through climate action

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The only wrong action is inaction

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Thrive in a decarbonized society

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BMS Supplier Decarbonization Accelerator All key suppliers (YOU!) are requested to set a science-based greenhouse gas (GHG) emission reduction target by 2028 • Having set targets ourselves, we understand that setting GHG targets is no small ask • To invest in your success, we’ve created The Accelerator to provide programmatic support, knowledge, and training to support you on your sustainability journey • We highly encourage you to participate in the program and take advantage of the resources and consultative services from our program implementation partner, Trio Please visit BMS.com for an overview of our supplier sustainability programming Strategic Sourcing & Procurement

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Celebrating success Thank you to our leading suppliers who have submitted and validated GHG reduction targets through the Science-Based Targets initiative!

In 2025…

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Suppliers set and validated targets with SBTi

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Suppliers made SBTi commitments

63% of BMS suppliers have a Science-Based Target or SBTi commitment!

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BMS Supplier Decarbonization Accelerator

The Next Phase of BMS Supplier Decarbonization

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The target setting journey Suppliers must complete a GHG emissions inventory and use this data to create a clear strategy to reduce emissions. These actions are essential to gain internal buy-in to implement impactful decarbonization projects.

1. Calculate your S1 & S2 GHG inventory

2. Calculate your S3 GHG inventory 3. Form a decarbonization

strategy

4. Make a public commitment to set a target 5. Set and validate your target with SBTi

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6.

Decarbonize

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Evolving programming to meet supplier needs The first 2 years of the program were focused on capacity building and education for all suppliers. Moving forward, the program is adapting to support suppliers where they need it most

Key Suppliers Without Targets

Workstream A: Foundations Program

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Workstream B: Strategy Accelerator Lab

Workstream C: Setting Science-Based Targets

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Workstream A: Foundations Program Workstream A: Foundations Program

Target Suppliers: Suppliers who do not have a complete Scope 1, Scope 2 and Scope 3 GHG inventory

Outcomes: Suppliers understand how to complete a GHG inventory and commit to completing an inventory by the end of 2026

Strategic Sourcing & Procurement

• What is the Foundations Program: an educational webinar series focused on measuring your GHG emissions • What does it require from suppliers: attendance and engagement at a 3-part webinar series • Capacity: Any supplier interested can join • Timing: July – October 2026

Workstream B: Strategy Accelerator Lab Workstream B: Strategy Accelerator Lab

Target Suppliers: Suppliers who do not have a decarbonization strategy, but have completed a GHG inventory

Outcomes: Suppliers have a decarbonization strategy to socialize with leadership and will be well positioned to set targets

• What is Strategy Accelerator Lab: a curated module-based curriculum and tools designed to guide suppliers through the decarbonization strategy development process • What does it require from suppliers: — Attending a 6-part educational series — Timely completion of homework assignments — Collecting and providing energy consumption, growth, and operations data — Commitment to engage for the entirety of the lab • Capacity: Enrollment limited to 20 suppliers • Timing: July – December 2026

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Workstream C: Setting Science-Based Targets (SBTs) Workstream C: Setting SBTs

Target Suppliers: Suppliers who are positioned to set targets in 2026

• What is the Setting SBTs Workstream: additional 1:1 support and tailored guidance for suppliers who are nearing the target submission process • What does it require from suppliers: joining a 1:1 call with BMS and Trio to provide a progress update and discuss barriers as relevant

Outcomes: Suppliers submit targets for validation in 2026

• Capacity: Suppliers identified on a rolling basis • Timing: Ongoing

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Next steps & timeline

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Review workstream invitation email from BMS Sustainable Procurement or your BMS POC

Complete the form linked in the email to confirm/decline enrollment and provide a status update

We will reach out to confirm enrollment or provide next steps

Begin participation in workstream

Sent June 11th

Due June 24th

Beginning of July

End of July

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BMS Supplier Decarbonization Accelerator

SBTi Overview and Updates Impacting Suppliers

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What is a Science-Based Target?

The Science Based Targets Initiative (SBTi) is a corporate climate action organization that mobilizes companies to take the lead on urgent climate action •

Provides standards and guidance to help companies set ‘science-based’ net-zero targets that are consistent with limiting global temperature rise to 1.5°C

• Targets validated by SBTi are globally recognized and seen as the gold standard for target setting because they are aligned with climate science

What is a ‘science-based’ Greenhouse Gas (GHG) emissions reduction target?

How Much companies need to reduce their GHG emissions

How Fast those emission reductions need to occur

In order to prevent the worst effects of climate change

~11,000 companies taking action

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Key target setting criteria

Scope Coverage

Base & Target Year

Ambition

Reduction Requirement

Target Method

Which emission scopes are required to have targets?

What is the timeframe to meet your targets?

What is the level of ambition in terms of limiting temperature rise?

What is annual rate of emissions reduction required?

What method will be used to achieve the target?

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Corporate Net-Zero Standard Updates: Timeline The SBTi standards and guidance evolves over time to align with the latest science and best practices *Key updates for BMS Suppliers

February 2025

April 2026*

February 1, 2028*

SBTi announced its intention to revise and update the Corporate Net-Zero Standard, launching the project for Version 2.0.

SBTi released Version 1.3.1 of the Standard, modifying nearterm target reduction requirements making targets more achievable for companies with more recent base years

Version 2.0 required for new targets, which will require immediate adoption of the new standard criteria and requirements.

The initial draft of Version 2.0 was published for public consultation, with new requirements for businesses to set, track, and revise net-zero targets.

The final revised Version 2.0 standard is published, after all pilot phases and further consultation rounds conclude.

Existing SBTi targets with a target year of 2030 or later are expected to adopt Version 2.0, SBTi has provided transition guidance for new targets.

March 18, 2025

June 11, 2026

2030

Dec 31st, 2028 – targets due for BMS requirements Strategic Sourcing & Procurement

Source: Draft Corporate Net-Zero Standard Version 2.0 and Guide for Companies in Transition to Corporate Net Zero Standard Version 2.0

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SBTi Corporate Net-Zero: April 2026 Update In April 2026 SBTi released a methodology update (V1.3.1) that offers companies a more feasible approach to setting and achieving near-term targets while maintaining net-zero ambition by 2050

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Near-term emissions reductions required by 2030 for companies with more recent base years than 2020 are lower and more achievable Annual reduction trajectory less aggressive in nearterm as total emissions reductions required to achieve net-zero are more evenly distributed between base year and 2050

This update is relevant for companies setting or updating targets in 2026 or 2027

Example: Company “A” Near-Term Target Before Update

Company “A” commits to reduce Scope 1 + 2 emissions 42% by 2030 from 2024 base year

After Update

Company “A” commits to reduce Scope 1 + 2 emissions 31.3% by 2030 from 2024 base year

-10.7% change in required reductions (example)* *Example figures are for illustrative purposes only and were derived using the Version 2.4.1 of the Near-Term Target Setting Tool (Before Update Figures) and Version 2.5 (After Update) of the Tool, published by SBTi Source: Draft Corporate Net-Zero Standard Version 1.3.1

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What Does This Mean for my Organization?

Corporate Net-Zero Standard Version 2 • Companies setting targets in 2026 and 2027 can take advantage of the V1.3.1 SBTi update, which makes near-term reduction requirements lower and more achievable

• Companies without targets by February 1, 2028, will be expected to set targets under V2.0 immediately, while companies with existing targets will transition to new standard by 2030

Source: Corporate Net-Zero Standard

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BMS Supplier Decarbonization Accelerator

Key Takeaways & Next Steps

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BMS Supplier Decarbonization Accelerator Resource Library • A Supplier's Guide to Target Setting • Resource Library

Resource Library

• Get in touch for more information: BMSDecarbAccelerator@TrioAdvisory.com Strategic Sourcing & Procurement

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Key takeaways • Supply chain partnership is critical for climate action, and that is why BMS is investing in this program and asking you to take action • Setting GHG reduction targets is a journey which is why we have broken it down into discrete steps actionable milestones for each supplier depending on your climate maturity

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Internal Use Only

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Call to Action • If you do not have a Science-Based Target locate an email from the BMS Sustainable Procurement team on your identified workstream and respond to your unique survey link ASAP

— Responses due no later than June 24th — Reach out to BMSDecarbAccelerator@Trioadvisory.com if you cannot find your unique email invite

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Internal Use Only

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BMS Supplier Decarbonization Accelerator

Questions?

For questions on the BMS Supplier Decarbonization Accelerator please contact: BMSDecarbAccelerator@Trioadvisory.com

For questions on BMS’ Responsible Sourcing Program please contact: SustainableProcurement@bms.com

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We are seeking your commitment We value our supplier partnerships, and that’s why we have invested in this program to partner directly with you to provide the resources and support you need to navigate the climate action landscape

• What we expect from you:

• What BMS is providing:

— Active engagement in the program, utilizing provided resources

— Access to a tailored educational content created specifically for BMS suppliers

— Senior / executive level engagement and socialization

— Free 1:1 consultation hours with our expert advisors, Trio

— Demonstration of progress year-over-year

— Key resources and information on all things decarbonization at your fingertips

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