Company: BLCO
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001140361-25-013244
Chunk: 20

Company: Bausch & Lomb Corp
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 20
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 and the processes, policies and governance related to our executive compensation practices; |

| + | The Audit and Risk Committee oversees our compliance and ethics programs; and |

| + | The Nominating and Corporate Governance Committee oversees Board governance practices, ESG and Sustainability programs and corporate governance policies. |

In its oversight role, the Board receives regular updates from each of these standing committees and from our leadership. The Nominating and Corporate Governance Committee receives a quarterly ESG and sustainability status update that includes progress on the Company’s programs. Our commitment to strong ESG and sustainability practices and governance is also enshrined in our Global Sustainable Business Policy, Global Human Rights Policy and annual Sustainability Impact Report. Our Global Sustainable Business Policy is part of our commitment to supporting and enhancing the communities in which we operate and continuously reducing the environmental impact of our products, supply chain, manufacturing, distribution, sales, and administrative support functions.

| 2025 PROXY STATEMENT25 |

TABLE OF CONTENTS

Key Areas of Focus and Progress Below are a few examples of initiatives and highlights from our ESG initiatives in the past year:

|                                                                                                                                                                                                                                                                                                                                                                                                                          |     | Environmental Highlights |
| +As of November 2024, we have collected more than 94 million units, or 569,743 pounds, of used contact lens, eye care and lens care packaging materials through our ONE by ONE and Biotrue® Eye Care recycling collection sites in the US since 2016. The ONE by ONE and Biotrue® Eye Care recycling programs have won the Best in Biz Award 2024 – Gold Winner Most Environmentally Friendly Service of the Year award. |     |                          |
| +2024 was a year of significant progress for Bausch + Lomb’s climate change-related efforts and strategy. While we continued to work towards reducing greenhouse gas (“GHG”) emissions across our business through renewable energy and energy efficiency initiatives, we also partnered with a third party to develop a global decarbonization strategy.                                                                |     |                          |
| +We expect to implement quick wins such as deploying energy efficiency initiatives that require no or minimal capital investment. Examples include changing setpoint temperature of chillers, compressed air upgrades, insulation on heating and chilling equipment and heat recovery. The majority of decarbonization levers are slated to be implemented in the medium- to long-term.                                  |     |                          |
| +We continue to enhance our capabilities for tracking, measuring and disclosing our Scope 1, 2 and 3 GHG emissions, as well