Company: UAA
Filing Date: 2025-06-26
Form Type: DEF 14A
Source: 0001336917-25-000112
Chunk: 75

Company: Under Armour, Inc.
Filing Date: 2025-06-26
Form: DEF 14A
Chunk 75
---
.pdf

9 https://www.cdp.net/en/climate-transition-plans

10 https://www.ftc.gov/news-events/topics/truth-advertising/green-guides; https://theweek.com/environment/corporate-greenwashing-fines

<div align='center'>63</div>

RESOLVED: Shareholders request Under Armour issue a report, above and beyond existing disclosures, summarizing if and how it intends to achieve the company’s existing science-based emissions reduction targets, such as describing credible pathways and needed resource commitments. The plan should be published at reasonable expense, excluding confidential information.

SUPPORTING STATEMENT: In developing and implementing the report, we recommend considering, at management’s discretion:

• Providing forward-looking, near-term, and quantitative strategies, metrics, and milestones for achieving the Company's GHG emissions reduction targets;

• Considering guidance by advisory groups such as the Transition Plan Taskforce and Task Force for Climate-Related Financial Disclosures; and

• Publishing updates on an annual basis to detail any progress or setbacks.

<div align='center'>64</div>

Board of Directors Response

The Board has carefully reviewed and considered the stockholder’s proposal and has determined that it is unnecessary and not in the best interest of the Company’s stockholders for the reasons set forth below.

In 2021, we announced an emissions reduction strategy with goals to transition all energy use in owned and operated facilities to 100% renewable sources by 2030, reduce absolute scope 1, 2, and 3 greenhouse gas (GHG) emissions by 30% by 2030 and achieve a net zero GHG emissions commitment by 2050. Our 2030 emissions goal was validated by the Science Based Targets initiative (SBTi). However, as our sustainability and business strategies have continued to evolve and we face new challenges and opportunities, we believe it is important to reassess our GHG emissions reduction strategy and goals. Accordingly, in May of this year, we announced that we will not pursue SBTi re-validation or validation of these emissions goals or a net zero emissions commitment at this time.

As we reassess our GHG emissions reduction strategy and goals, we are focused on continuing to improve our GHG emissions data collection and analysis, which will inform our reassessment of our GHG emissions reduction strategy and allow us to comply with emerging disclosure regulations in the United States and the European Union. To that end, we recently invested in and implemented a new GHG emissions accounting platform and have continued to work with third-party