Kenvue Codeof Conduct

Kenvue Code of Conduct

Contents

Living the Code4

Welcome Message

5

Our Commitment to Openness

7

Our Commitment to Business Integrity

11

Our Commitment to the Workplace30

Our Commitment to the Community

41

Kenvue Code of Conduct

2

Living
the Code

Kenvue Code of Conduct

3

Living the Code

Our Values
Whether for people, business
partners or our planet, our Kenvue
purpose of realizing theextraordinary power of everyday
care, guides how we treat ourpeople, innovate, conduct businessand deploy our products. Our Codeof Conduct sets forth thosevalues, principles and policies towhich we commit ourselves everyday. It is this commitment to doing
the right thing and upholding the
expectations set forth in the Codeof Conduct that guides our
success and strengthens our
reputation.
This Code applies to all Kenvuers
regardless of where we work or thetype of work we do, providing clear
expectations of ethical businessconduct and behaviors. This Codealso applies to consultants andthird-party contractors engaged
by Kenvue to act on its behalf. We
all have a commitment to being
good global citizens and must at all
times comply with the laws andregulations of the countries inwhich we operate. Every company
representative is expected to know,
understand and act in accordancewith this Code, company policies,
and the laws that govern our
activities.
Although this Code seeks to becomprehensive, it cannot address
every situation. When faced withdifficult decisions, we must
consider what is right and ethical,
relying on the foundational
principals of honesty, integrity,
respect and courage to guide ouractions, even when it’s difficult.
We have a responsibility to speak
up and report concerns, and ask
for advice when the path isn’t clear(See page 9 for more information).
Our continued success depends oneach of us living this Code andbringing its values into everything
we do every day.

We putpeoplefirst

We earntrust with
science

We carefiercely

We solvewithcourage
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4

Welcome
Message

To realize the extraordinary power of everyday care, we must continually earn
the trust and confidence of those we serve. It is in this spirit that we havedeveloped the Kenvue Code of Conduct.
In line with our Kenvue values, we are committed to building trust with ourconsumers, customers and partners by holding ourselves accountable to thehighest ethical standards in everything that we do. It is not only the right thing
to do, but it is critical to ensure our long term success as a company.
To do this, our Kenvue Code of Conduct helps put our values into practice,setting forth the ethical principles to which we are all held, in every part of theorganization. The Code also forms the foundation for our policies, procedures,and guidelines, empowering each of us to act with courage, conviction, andowner mindset to make the right decisions.
It can sometimes be challenging to navigate the complexities of our everchanging, global business environment. To conduct business responsibly andwith integrity, our Code of Conduct is committed to empower all Kenvuers withan understanding of the laws, policies, and standards that guide our activities
around the world.
We realize that no document can address every possible situation you may
face. We rely on you to use good judgement in keeping with our values. If you
are uncertain, ask questions and report any potential concerns to yourmanagement, the Kenvue Integrity Line or your People partner.
Thank you for your commitment to our Kenvue Code of Conduct.
Thibaut Mongon
Chief Executive Officer

Kenvue Code of Conduct

5

Our
Commitment
to Openness

Kenvue Code of Conduct

6

Our Commitment to Openness

AskingQuestions
We embrace an inclusive environment where everyone
is expected to lead by example and encourage others
to be open, curious, and inquisitive, and share theirviews and opinions. We all have a responsibility to ask
questions before acting if we are unsure whether anactivity will violate the law or company policy.
If anyone has questions, they should contact their
manager, and may also contact Employee Relations /Labor Relations (ER/LR), People Partners, the Legal &Compliance Department, Security, and/or Global Audit& Assurance.

We all have a
responsibility
to askquestions
before acting.

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Our Commitment to Openness

ReportingConcerns
We all have an obligation to report concerns should we
become aware of a known or suspected violation of thelaw or company policy. Potential violations may bereported to your manager, ER/LR, BUHR, the Legal &Compliance Department, Security, and/or Global Audit& Assurance. Additionally, the Kenvue Integrity Line
(KenvueIntegrityLine.com) is available for anyone to
ask a question or report a concern by phone or online.
It is run by an independent third party and is available
24 hours a day, 7 days a week in multiple languages.
Individuals contacting the Integrity Line may remain
anonymous.

When reporting information, Kenvuers should provide
specific details so that the issue can be addressedthoroughly and promptly. The company will ensure afair investigation process while respecting theprinciples of confidentiality. Any investigation will also
comply with applicable local legislation and due
process. During an investigation, the full cooperation of
everyone involved is mandatory. This includes providing
relevant information in a timely and complete mannerand not discussing the investigation with potential
witnesses or doing anything else that could interferewith the integrity or confidentiality of the process.

The Kenvue
Integrity Lineis available
for anyone.

The company does not tolerate retaliation against
anyone who raises a concern under this Code or assists
with an investigation. Any Kenvuer who engages inretaliation, or violates the principles and requirements
set forth in this Code of Conduct, will face disciplinary
action up to and including termination of employment.

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Our Commitment to Openness

The
KenvueIntegrityLine
Kenvue Code of Conduct

9

Our
Commitment
to Business
Integrity

Kenvue Code of Conduct

10

Our Commitment
to the Business Integrity
Product Safety & Quality

12

Animal Testing

13

Appropriate Marketing & Promotion of Products

15

Anti-Corruption & Anti-Bribery Laws

16

Fair Competition & Antitrust Laws

17

Third-Party Interactions

18

Selection & Treatment of Suppliers

19

Finance & Tax Records

20

Insider Trading

21

Inventory Management & Channel Stuffing

22

Company Assets

23

Privacy & Personal Information

25

Information Protection

26

Promoting Responsible Use of Technology

27

Kenvue Code of Conduct

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Our Commitment to Business Integrity

Product
Safety & Quality
The health, safety and well-being of those around the world who use our
products is at the heart of everything we do. It is our highest priority andresponsibility. Kenvue is committed to ensuring the quality, efficacy andsafety of our products at every stage of the product life cycle, fromdevelopment through manufacturing, supply chain, commercialization andpost-marketing activities. We operate in accordance with applicable quality
and safety laws, regulations and standards of each country in which we
operate. We strive to continuously improve systems and technologies toensure compliance with relevant “Good Practice” (GxP) guidelines.

Customers
can trust thatour products
are safe.

Our safety team provides independent medical safety oversight to promote
ethical science-based decision-making, so that customers can trust thatour products are safe and effective and have undergone rigorous testing.
Kenvue is committed to providing our customers with the highest level ofconfidence in our products. We will take prompt and effective action toaddress any product safety and quality concerns, and will comply with all
requirements for reporting adverse events and product quality complaints
in a timely and accurate manner.

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Our Commitment to Business Integrity

AnimalTesting

We work to minimize the use of animal testing while also complying withspecific and varied regulations around the world.
In the research and development of our cosmetic products, Kenvue does
not conduct animal testing. We believe our cosmetic products can bevalidated as safe and effective without compromising animal welfare andhave made the conscious choice to only advance the development ofcosmetic products that meet our own safety requirements without theneed for animal testing.

We consider
animal testing
a concernof vital
importance.

Some countries still require animal testing data for cosmetics to meet theirown regulatory requirements. As part of our ongoing commitment over thelast 30 years, we continue to advance non-animal testing methods andsupport efforts to eliminate the testing of cosmetic products or ingredientson animals globally. We invest in science to advance alternative testing
methods and promote education and advocacy in support of greater useof non-animal alternatives. We also work with organizations that share ourambition to eliminate cosmetic animal testing around the world.
When it comes to medicines, medical devices and other regulated healthproducts, animal testing can be required by regulatory authorities todemonstrate safety and/or to validate efficacy for regulatory purposes. We
comply with the high standards established in our position on animal testing.

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At Kenvue
we put thehealth andsafety of
everyone first.
Our Commitment to Business Integrity

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Our Commitment to Business Integrity

Appropriate
Marketing &Promotion of
Products
Kenvue is committed to communicating responsibly
about our products to ensure consumers havesufficient information to make informed decisions,
thereby earning their trust and loyalty. We market andpromote our products based on information that isaccurate, truthful and not misleading. All promotion ofcompany products is done in accordance withapplicable local laws and regulations, and in a mannerthat promotes safe and responsible use.

Provideinformation to
make informed
decisions.

Any claims made about our products must haveadequate substantiation and we must be transparent
that the intent of the content is advertising andpromotion.

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Our Commitment to Business Integrity

Anti-Corruption& Anti-Bribery
Laws
Kenvue’s commitment to operating with the highest
standards of business integrity means we strictly
prohibit the use of company funds for illegal purposes.
This includes bribery, fraudulent conduct, kickbacks,
facilitation payments and any other illegal payments oroffers that may inappropriately influence or secure an
improper advantage with a government official,healthcare professional or consumer. Kenvue is also
committed to complying with applicable economic
sanctions and export control laws and regulations in
the jurisdictions in which we operate.

Business
integrity is
our priority.

Most countries in which we operate have laws thatprohibit bribery. It is our duty to follow local andinternationally applicable laws and ethical standards
prohibiting bribery and corruption, and to avoid
inappropriately influencing the purchasing decisionsof those that buy our products and services.

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Our Commitment to Business Integrity

Fair
Competition& Antitrust
Laws
We treat our competitors and customers as we would
like to be treated: with honesty and integrity, andsupporting a free market. Antitrust and faircompetition laws protect consumers from unfair
business practices, thus maintaining fair prices andfreedom of choice.

Competitorsand customers
are treatedwith honesty
and integrity.

We do not take unfair advantage of any customer,
supplier, competitor or others through inequitable
practices, including manipulation, concealment,
collusion or misrepresentation of material facts.

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Our Commitment to Business Integrity

Third-Party
Interactions
We may retain third parties, such as consultants,
agents and distributors, to perform a variety ofservices. In some instances, we engage third parties
to interact or conduct business with other parties on
our behalf. Where we conduct business indirectly
through third parties, we engage in detailed due
diligence procedures to select proper parties prior
to working together.
Third parties may not take part in activities on behalfof our company that Kenvuers are prohibited from bylaw or policy.

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Our Commitment to Business Integrity

Selection &Treatment ofSuppliers
At Kenvue, we partner with our suppliers to drive
unparalleled innovation through relationships built
on trust and transparency, while upholding thehighest standards for responsible sourcing andcorporate citizenship.

Relationships
built ontrust andtransparency.

With an extended supply chain supporting our iconic
portfolio of consumer brands, we proudly honor ourcommitment to inclusion by building a global group of
suppliers that reflects the diversity of our customers
across the world.
Our relationship with our suppliers is based on honesty,
impartiality and fairness. Suppliers are selected on acompetitive basis with appropriate due diligence,
contracting and monitoring. We only work with
suppliers and business partners who align with andreflect our values and principles.

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Our Commitment to Business Integrity

Finance &Tax Records
Our financial records provide valuable information in
support of our business decisions and actions, andallow us to comply with legal and regulatory
obligations, as well as meet shareholder expectations.
The accuracy of financial records is essential tooperating an honest, trustworthy and transparent
business. Therefore, we have a duty to keep
truthful, complete and timely financial and tax
records that represent the accurate condition andresults of the company.

Kenvue takes meetingshareholder expectations
as seriously as complying
with legal obligations.

Kenvue operates robust internal controls to preserve
our financial integrity and ensure compliance withapplicable financial and tax laws and regulationsof each jurisdiction in which we operate. Certain
finance leaders complete quarterly and annual
attestations for financial reporting and internal
controls in line with company policy and the SOX
Program Management Office.

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Our Commitment to Business Integrity

Insider Trading
During the course of working for Kenvue, you may findout important information about the Company before it is released to the
public. You are responsible for maintaining the confidentiality of non-publicCompany information. If you have important information that has not been
disclosed to the public, you are not allowed to:• Buy or sell Kenvue stock or “put” or “call” options on Kenvue stock;• Make transfers or adjustments to other investment vehicles, including
retirement funds;• Disclose non-public information to family, friends or any other person
outside the Company;• Recommend to family, friends or others that they buy or sell Kenvue stockor “put” or “call” options on Kenvue stock.
Complying with securities laws extends beyond our Company. You may not
buy or sell securities of any other company using material non-public
information you may have learned about those companies.

The
following
activities
are not
allowed:1. I ntentional and accidental disclosureof insider information due to not
maintaining confidentiality of theinformation we may have access to.
2. Trading at times when there are market
rumors known to be false or during times
when trading may be restricted.
3. Spreading false information or engaging
in other activities to manipulate the priceof publicly listed securities.
4. Buying and selling of another company’s
securities based on material information
obtained through employment at Kenvue.

Questions, concerns, or suspected violations related
to Insider Trading may be directed to the Legal & Compliance Department,
The People Function lead, and/or the Kenvue Integrity Line.

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Our Commitment to Business Integrity

Inventory
Management &Channel Stuffing
Decisions related to ordering, storing, using, and sellinginventory is an integral element of the success at
Kenvue. We are committed to inventory management
strategies that aim to efficiently streamline inventories,
limit our exposure to shortages, spoilage, theft,damages, and shifts in demand, and prevent residual
impact to our vendors and customers.
With all inventory management decisions, we willprioritize our responsibility to keep financial records
that represent the accurate condition of the company
by not utilizing strategies that will inflate our financial
position, such as channel stuffing. This practice
involves shipping more goods to distributors andretailers along the distribution channel than end-users
are likely to buy in a reasonable time period, resulting
in a temporary increase in sales figures and related
profit measures.

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Our Commitment to Business Integrity

Company Assets
Company assets can be physical (phone, computers), digital(software, email or messaging), and intellectual property (trademarks,
patents, and copyrights). These assets are intended to support
Kenvuers in achieving their business activities and goals. We takepersonal responsibility to make the best use of and protect the assets
and resources entrusted to us by Kenvue.
All assets must be protected from theft, loss, damage and waste.
Company assets may not be used to promote personal or outsidebusiness interests, nor may they be used by those outside of thecompany, like friends or family. Anyone who leaves Kenvue must follow
company records management policies and procedures to guide thedisposition of information and for reuse and return of work equipment.
Our policies and trainings are aimed towards using our systems or
resources in an appropriate way and to not violate the law. We may
only download or install authorized programs or files and anything wedo or place on Kenvue assets may be logged, monitored, inspected or
removed, as allowed by law.
Any unauthorized access to, disclosure, or misuse of company assets
must be reported immediately to IT, supervisor, Compliance Officer,
The People Function Lead, Legal & Compliance Department, and/or
the Kenvue Integrity Line.

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Your
privacy is
as important
to us asyou are.
Our Commitment to Business Integrity

Kenvue Code of Conduct

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Our Commitment to Business Integrity | Privacy & Personal Information

Privacy &Personal
Information

At Kenvue, we support privacy as a fundamental
human right. We also know that privacy, security,and data protection are increasingly important toearning the trust of Kenvuers, customers, and partners
worldwide. Our stakeholders’ trust enables us to put
people first by delivering innovative, consumer-centric
products and services.
We are committed to following our policies andvalues, and all applicable laws in our processingof personal data.

Personal data is any
information that can beused to distinguish or trace
an individual’s identity.

Technology &Personal
Information
We are committed to the legal and trustworthy useof technology when processing personal information,such as through automated processing, data analytics,
machine learning and artificial intelligence. These
technologies, coupled with our dedication to data
integrity, allow us to stay competitive while earning
trust with technology.
When we design new ways of collecting and analyzing
data, we seek to incorporate privacy and security fromthe beginning through measures that protect personal
data. Further, we continuously update those measuresand protections with reliable, proven technologies.

Responsible
Data Sharing
We limit the collection of personal data to that which is
required for a defined and approved business purpose.
We are committed to sharing data responsibly within
our business operations to earn and maintain trust. We
share personal data only with those who need to know,
and for legitimate business purposes.
Any privacy questions should be directed to theregional Privacy Partner.

Notice &Constent
We are transparent about our company’s practices andwill honor the privacy rights of individuals. We provide
notice to anyone whose personal data we process onwhat data we collect and how it will be used. We obtainall necessary consents and legal authorizations.

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Our Commitment to Business Integrity

Information
Protection
We recognize that company information is a valuableasset, critical for achieving research and financial
goals, operational effectiveness and maintaining thetrust of consumers and stakeholders. We arecommitted to keeping our information resources andsystems safe by establishing and following information
security policies and procedures.
We are also committed to safeguarding theinformation our business partners, suppliers andcustomers entrust to Kenvue, as well as our Kenvue
proprietary and confidential information. We will notdisclose or distribute any confidential or proprietary
information except as authorized by the company.
We will use such information only for the purposespermitted by the company in connection with ourduties at Kenvue.

Dataprotection,
privacy andsecurity are
key to the trustof all of our
stakeholders.

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Our Commitment to Business Integrity

PromotingResponsible
Use ofTechnology
Due to the extensive and essential use of technology
today, we believe it is our collective responsibility at
Kenvue to assure the appropriate development and useof new technologies and marketing tools to enhance
the quality of our products, the customer experience,and our connection to the communities we serve.
The responsible operation of our technologicalresources is dependent upon the proper conductof users to protect those who would be impacted
by such technologies.

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Our Commitment to Business Integrity

Reach
Out

Kenvue Code of Conduct

28

Our
Commitment
to theWorkplaceKenvue Code of Conduct

29

Our
Commitment
to the Workplace
Diversity

31

Harassment & Bullying

32

Environment, Health & Safety (EHS)

34

Conflicts of Interest

35

Social Media

37

Important Role as a People Leader

38

Kenvue Code of Conduct 30

Our Commitment to the Workplace

Diversity

We aim to make Kenvue a safe and inclusive environment where
everyone wants to work. We show respect to individuals, value differencesand encourage Kenvuers to contribute to their utmost potential. Kenvuers
are entitled to a safe and healthy working environment where diversity isvalued, respect is given and differences are celebrated.

Dignity andrespect win.

At Kenvue, we treat each other fairly with dignity and respect. Each of
us deserves an inclusive and equitable work environment where we canconduct our best work safely. Diverse thoughts, backgrounds, experiences
and individual characteristics make our work environment better, leading
to positive business decisions and results.
We are committed to creating a sense of belonging and treating everyone
fairly and equally without discrimination based on race, color, religion, age,
ethnicity, national origin, citizenship, political views, sexual orientation, or
disability. This applies not only to recruitment, but also to decisions related
to training, promotion, termination, compensation, benefits, and all otherterms and conditions of employment. We are committed to compliancewith all applicable laws and regulations related to non-discrimination andemployee-related matters.

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Our Commitment to the Workplace

Harassment& Bullying
Kenvue promotes a workplace free from all bullying
and harassment and we expect all Kenvuers to work
together in a respectful and open manner, inclusiveof sharing our collective successes and failures. We
will give credit to others’ ideas and ensure recognitionof others.

We promotea workplace
free from all
bullying andharassment.

We will not condone sexual harassment including
unwelcome or inappropriate physical contact, emails,
texts, jokes, insults, displays, gestures, comments,
invitations, or requests of a sexual nature, or
implications of job advancement quid pro quo basedon sexual activity.
We will not condone bullying or actions intended tohurt or upset coworkers including intimidation,
isolation, insults, and humiliation.

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Acting
ethically is foreveryone’s
benefit.
Our Commitment to the Workplace

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Our Commitment to the Workplace

Environment,
Health & Safety(EHS)
At Kenvue we put the health and safety of people(employees, contractors and visitors) first andvalue everyone’s rights to a protected work
environment.
Environment, Health & Safety (EHS) values arecaptured in our policies, which are derived fromprinciples, consensus standards, legal andregulatory requirements, and continuous learning.

All Kenvuers,
contractors
and visitors
are trained,
empoweredand expected to:· Report unsafe or hazardous conditions,threats to the environment (spills,
releases) and workplace injuries
and illnesses.
· Provide continuous improvement andsuggestions on EHS to management.
· Take care not to endanger ourselves orothers by our actions.
· Comply with all applicable EHS laws,
regulations, company policies, standards
and procedures.

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Our Commitment to the Workplace

Conflicts ofInterest
The way we conduct ourselves in our business dealings impacts the trust
we maintain with stakeholders. By taking proactive steps to prevent
conflicts of interest, we send a clear message about the integrity of theCompany and our determination to do what’s right.

All Kenvuers are expected to make business decisions based on thebest interest of our Company and not for personal gain or benefit.
Kenvuers are required to proactively and promptly disclose actual or
perceived conflicts of interest to their manager or a member of the
The People Function, Legal & Compliance Departments.

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Our Commitment to the Workplace | Conflicts of Interest

Gifts & Other
Items of Value

Although gifts and other items of value can help build positive
working relationships with suppliers, customers, or others
seeking to do business with Kenvue, they can also be
perceived as a potential conflict of interest. It may beappropriate in some limited circumstances for Kenvuers toprovide occasional gifts, meals, and hospitality in connection
with business meetings and promotional activities. These
occasions should be infrequent, and anything of value
provided must be modest and never be cash or a cash
equivalent (e.g., gift cards). Any exchange of value must be
permitted by local law and company policy, and may never begiven in exchange for business.
The company may pay for occasional modest meals andhospitality for customers subject to any limits or prohibitions
established by local law and company policy. All meals must
be incidental to the presentation or discussion of scientific,
educational, or business information and be provided in amanner conducive to the presentation of such information.
The venue for a modest meal and any hospitality provided
must be consistent with legitimate business purposes.

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Our Commitment to the Workplace

Social MediaAt Kenvue, we recognize the importance of social
media in our everyday lives. It is what connects us toeach other, to our customers and to the world. We
encourage Kenvuers to use social media responsibly byfollowing the policies set forth in our employee online
engagement guidelines.
Kenvuers should not speak on behalf of Kenvue
in social media, unless authorized to do so, andshould never disclose confidential information
about the Company, our customers, suppliers andother stakeholders.
Kenvuers must take every precaution to ensure there
is no confusion between their personal opinions andinterests and those of the company. Kenvuers should
be mindful of the content they create, share and post,
remembering that the internet is a public forum andnothing is private.

We encourage
Kenvuers to
use social
media
responsibly.

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Our Commitment to the Workplace

Important Role
as a People
LeaderPeople Leaders have additional responsibilities,
leading by example, coaching Kenvuers to review
and understand company policies, and appropriately
addressing any potential violations.

Kenvue People
Leaders are
expected todemonstrate
the following
behaviors:• Act as a role model, demonstrating
and promoting ethical conduct.
• Encourage Kenvuers to speak up
without retaliation.
• Promptly manage concerns and issues
shared with you and partner with Employee
Relations/Labor Relations (ER/LR) to
escalate as necessary.
• Act in accordance with corrective or
preventive action when someone violates
the Code of Conduct. • Fully support any company investigation.

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Our Commitment to the Workplace

ReportKenvue Code of Conduct

39

Our
Commitment
to theCommunity

Kenvue Code of Conduct 40OurCommitment
to theCommunity
Human Rights

42

Sustainability & Environmental Stewardship

43

Charitable Contributions & Donations

45

Political Activities

46

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41

Our Commitment to the Community

Human Rights
At Kenvue, we believe that human rights are the fundamental rights,
freedoms, and standards of treatment belonging to all human beings.
As such, they must be respected, and business as well as government,
have an important role in ensuring those rights.
Our responsibility and commitment to protecting human rights is guided
by the principles of internationally recognized human rights standards,
including the International Bill of Human Rights, the International Labour
Organization’s (ILO) Declaration on Fundamental Principles and Rights at
Work, and the UN Guiding Principles on Business and Human Rights.
As a global company, we may operate in areas where social, economic,
and political factors could introduce risks to human rights, including childlabor, forced labor, restricted freedom of association, and poor working
conditions. Working with our trade associations and industry coalitions,
we believe we can promote the respect of human rights and encourage
and support our suppliers and other business partners in their efforts tomeet internationally recognized human rights standards. Our position on
Human Rights is available on our corporate website.

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Our Commitment to the Community

Sustainability &Environmental
Stewardship
Kenvue is committed to advancing human health while also protecting
the environment—we call this our Healthy Lives Mission. Quite simply,
we cannot care for people without caring for our planet. We are actively
committed to improving the environmental impact of our products,
packaging and operations. These are our responsibilities and involve
colleagues working across every function and geography.

We cannot
care forpeople without
caringfor our planet.

We have implemented numerous companywide sustainability programs
and product development initiatives, and are required to be familiar andcomply with environmental laws and regulations that relate to our
specific work responsibilities. These include, but are not limited to thereporting approval and registration of ingredients and materials used in
our production and products.

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Caring for theenvironmentis caringfor people.
Our Commitment to the Community

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Our Commitment to the Community

Charitable
Contributions& Donations
At Kenvue, we have a responsibility to be a good citizenin the communities around the world where we do business.
This includes using our resources to support charitableorganizations in line with our purpose of realizing theextraordinary power of everyday care, and as guided by
our Healthy Lives Mission.
These contributions and donations may be in the formof financial (monies), product, and/or employee
volunteering, and are made with long term, measurable
impacts in mind. Such contributions and donations are
only awarded to bona fide charitable organizations andbeneficiaries, as determined by local laws and Kenvue’s
due diligence and compliance policies.

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Our Commitment to the Community

Political
Activities

Kenvue is committed to citizenship and community
involvement, and does this through responsible
engagement in and support of appropriate
advocacy activities.

We adhere to the highest ethical standards andlegislative requirements where we engage in these
activities. Our public policy activity seeks to promotea supportive environment that enables consumers
to benefit from our products.

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Our Commitment to the Community | Political Activities

Political
Contributions
Kenvue does not operate a Political Action Committee(PAC) nor provide contributions to political parties,
politicians or other such organizations. However, werespect the right of Kenvuers to engage in the politicalprocess to support political groups, government
officials or candidates of their choosing.
Any such activity must be voluntary and performedin the Kenvuer’s own time, at their own expense. It
must be clear that the Kenvuer is acting independently
and not as a representative of the company. Kenvuers
may not use company resources to advance any
political campaign.

Kenvuers
may not use
company
resources toadvance any
political
campaign.

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Our Commitment to the Community | Political Activities

Political
Lobbying

Lobbying is the process of engaging with Government
Officials (GOs) for the purpose of informing proposed
legislation, executive action, proposed regulations orother public policy. Lobbying is often highly regulated
and subject to registration, reporting and various
restrictions. As such, all political and lobbying activities
as well as meetings with government officials must
be coordinated and aligned with Kenvue’s External
Affairs team.
Lobbyists representing Kenvue must be transparent
about their affiliation with the company and also
comply with our policies (e.g., conflicts of interest,
interactions with GOs, meals and gifts, etc.).

Kenvue Code of Conduct 48

Our Values Are
Worth Repeating
We putpeople firstWe earn trustwith science

We carefiercely

We solvewith courage

Kenvue Code of Conduct 49

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