Independent Limited Assurance Report to Kenvue Inc.
ERM Certification & Verification Services Incorporated (“ERM CVS”) was engaged by Kenvue Inc.
(“Kenvue”) to provide limited assurance in relation to the selected information set out below and presented
in the Kenvue Healthy Lives Mission (HLM) Report 2024 (the “Report”).
Engagement summary
Whether the data for the following selected disclosures are fairly presented in the Report, in allmaterial respects, in accordance with the reporting criteria.
Baseline
DisclosureUnitYear

Scope 1 GHG emissions
Scope 2 GHG Emissions – located-based
Scope 2 GHG emissions – market-based
Total Scope 3 GHG emissions from the following categories:o Categories 1-9 (excluding forests, land-use and agriculture (FLAG)emissions)o Category 11
o Category 12

mtCO2emtCO2emtCO2e

2020
2020
2020

mtCO2e2022

2023 ESG Performance Data – Healthy Planet

Scope of our
assuranceengagement

Disclosure

Unit

Scope 1 GHG Emissions
Scope 2 GHG Emissions – located-based
Scope 2 GHG emissions – market-based
Total Scope 1 + 2 Market-based GHG emissions
Total scope 3 GHG emissions comprising categories 1-9, 11, 12 (excluding FLAG emissions)% of energy use from renewable sources% of energy use from non-renewable sources
Renewable electricity by region – Total Kenvue
Renewable electricity by region – North America (NA)Renewable electricity by region – Europe, Middle East, Egypt, Africa (EMEA)
Renewable electricity by region – Latin America (LATAM)
Renewable electricity by region – Asia and Pacific (APAC)
Total purchased energy

mtCO2emtCO2emtCO2emtCO2emtCO2e%%%%%%%
MWh2023 ESG Performance Data – Healthy People
Disclosure
Global Workforce

Total Employees by Regions

Employees by Gender
Employees by Age
Global Representation of
Women by Management
Level
Representation ofRace/Ethnicity byManagement Level(Manager, Director, Vice
President & above) in theU.S.

KPIs
Total number of employees% of workforce that are manufacturing employees% of workforce that are part-time employees
Employees North America
Employees Europe, Middle East, Egypt, Africa (EMEA)
Employees Latin America (LATAM)
Employees Asia and Pacific (APAC)
Women
Men
Undeclared
Under 3030-5051+
ManagerDirector
Vice President and aboveWhiteAsianBlack/African American
Hispanic/Latino
Native Hawaiian or Pacific Islander, American Indian orAlaska Native
2+ more races
Declined to answer

Unit#%%%%%%%%%%%%%%%%%%%%%%

Our assurance engagement does not extend to information in respect of earlier periods or to any
other information included in the Report.
Reportingperiods

Reportingcriteria

1st January, 2020 – 31st December 2020 (baseline only)
1st January, 2022 – 31st December 2022 (baseline only)
1st January, 2023 – 31st December 2023

The GHG Protocol Corporate Accounting and Reporting Standard (WBCSD/WRI RevisedEdition 2015) for Scope 1 and Scope 2 GHG emissions
GHG Protocol Scope 2 Guidance (An amendment to the GHG Protocol Corporate Standard(WRI 2015) for Scope 2 GHG emissions
The Corporate Value Chain (Scope 3) Accounting and Reporting Standard (WBCSD/WRI2011) for Scope 3 GHG emissions
Kenvue’s reporting criteria as explained in Kenvue’s footnotes in the ReportAssurance
standardand level ofassurance

Respective
responsibilities

We performed a limited assurance engagement, in accordance with the International Standard onAssurance Engagements ISAE 3000 (Revised) ‘Assurance Engagements other than Audits orReviews of Historical Financial Information’ issued by the International Auditing and AssuranceStandards Board.
The procedures performed in a limited assurance engagement vary in nature and timing from, andare less in extent than for a reasonable assurance engagement and consequently, the level ofassurance obtained in a limited assurance engagement is substantially lower than the assurance thatwould have been obtained had a reasonable assurance engagement been performed.
Kenvue is responsible for preparing the Report and for the collection and presentation of theinformation within it, and for the designing, implementing and maintaining of internal controls relevantto the preparation and presentation of the Report.
ERM CVS’ responsibility is to provide a conclusion to Kenvue on the agreed scope based on ourengagement terms with Kenvue, the assurance activities performed and exercising our professional
judgement.

Our conclusion
Based on our activities, as described below, nothing has come to our attention to indicate that the selected data forthe disclosures listed under ‘Scope’ above are not fairly presented in the Report, in all material respects, inaccordance with the reporting criteria.
Our assurance activities
Considering the level of assurance and our assessment of the risk of material misstatement of the Report a multidisciplinary team of sustainability and assurance specialists performed a range of procedures that included, but was
not restricted to, the following:

Evaluating the appropriateness of the reporting criteria for the selected information;
Interviewing relevant staff to understand and evaluate the management systems and processes (includinginternal review and control processes) used for collecting and reporting the selected disclosures;

Reviewing of a sample of qualitative and quantitative evidence supporting the reported information at acorporate level;

Performing an analytical review of the year-end data submitted by all locations included in the consolidated
group data for the selected disclosures which included testing the completeness and mathematical accuracyof conversions and calculations, and consolidation in line with the stated reporting boundary;Conducting virtual site visits to two Kenvue facilities/production sites in Wuppertal, Germany and Cape Town,
South Africa, as well as an in-person site visit to Las Piedras, Puerto Rico to review source data and local
reporting systems and controls;
Review of the allocation of emissions to Kenvue for the baseline periods following separation from Johnson &Johnson
Evaluating the conversion and emission factors and assumptions used; andReviewing the presentation of information relevant to the scope of our work in the Report to ensure
consistency with our findings.

The limitations of our engagement
The reliability of the assured information is subject to inherent uncertainties, given the available methods fordetermining, calculating or estimating the underlying information. It is important to understand our assurance
conclusions in this context.

Our independence, integrity and quality control
ERM CVS is an independent certification and verification body accredited by UKAS to ISO 17021:2015. Accordingly,
we maintain a comprehensive system of quality control, including documented policies and procedures regarding
compliance with ethical requirements, professional standards, and applicable legal and regulatory requirements. Our
quality management system is at least as demanding as the relevant sections of ISQM-1 and ISQM-2 (2022).
ERM CVS applies a Code of Conduct and related policies to ensure that its employees maintain integrity, objectivity,
professional competence and high ethical standards in their work. Our processes are designed and implemented toensure that the work we undertake is objective, impartial and free from bias and conflict of interest. Our certified
management system covers independence and ethical requirements that are at least as demanding as the relevant
sections of the IESBA Code relating to assurance engagements.
ERM CVS has extensive experience in conducting assurance on environmental, social, ethical and health and safety
information, systems and processes, and provides no consultancy related services to Kenvue in any respect.

Andrea DuquePartner, Corporate Assurance
Malvern, PA
June 5, 2024
On behalf of:
ERM Certification & Verification Services Incorporated
www.ermcvs.com | post@ermcvs.com