Introduction Transforming care Investing in our people Accelerating possibilities Protecting the environment Creating value responsibly Appendix Recommendation Disclosure alignment Summary of current state Strategy a. Describe the climate-related risks and • The effects of global climate change present risks to our business. Natural disasters, extreme weather and other opportunities the organization has conditions caused by or related to climate change could adversely impact our supply chain, including manufacturing identified over the short, medium, and and distribution networks, the availability and cost of raw materials and components, energy supply, transportation, long term. or other inputs necessary for the operation of our business. Climate change and natural disasters could also result in physical damage to our facilities as well as those of our suppliers, customers and other business partners, which could cause disruption in our business and operations or increase costs to operate our business. Additionally, Disclose the actual and potential impacts of b. Describe the impact of clima te- increased environmental regulation, including to address climate change, may result in increases in our costs to climate-related risks and opportunities on related risks and opportunities on the operate our business or restrict certain aspects of our activities. The extent and severity of climate change impacts the organization’s businesses, strategy, and organization’s businesses, strategy, and are unknown, and therefore, the scope of potential impact on our business may be difficult to predict, and it may be financial planning where such information is financial planning. difficult to adequately prepare. material. • To help mitigate future business exposure to the effects of climate change, Boston Scientific partnered with leading climate change experts to formally integrate climate risk exposure assessments into our strategic planning process c. Describe the resilience of the and annual operating plans to help inform our facilities and global supply chain network investments. organization’s strategy, taking into • Leveraging this partnership, the company also recently conducted a detailed climate-related scenario analysis consideration different climate- covering SSP1-2.6, SSP2-4.5 and SSP5-8.5 for the 2030 and 2050 time horizons across all key facilities, which we related scenarios, including a 2°C continue to assess and evaluate. or lower scenario. Risk Management a. Describe the organization’s processes • Climate change risk is incorporated and managed as part of the Boston Scientific enterprise risk management (ERM) for identifying and assessing climate- process. Climate change risks include transitional and physical risks. related risks. • The Boston Scientific ERM framework is considered as a part of the company’s strategic decision-making process. The b. Describe the or ganization’s processes for Board of Directors receives regular enterprise risk management updates, participates in the ERM process and receives managing climate-related risks. a presentation of the results annually. Disclose how the organization identifies, assesses, and manages climate-related risks. • Climate risk is further managed by the Risk and Resiliency Center of Excellence that has mapped 100 risks including c. Describe how pr ocesses for identifying, climate change, for each of the company’s products in order to identify and mitigate inherent risks across our value assessing, and managing climate- chain (including Tier 1 suppliers). related risks are integrated into the Additional resources: organization’s overall risk management. Performance Report, Protecting the environment, Page 44 Performance Report, Creating value responsibly, Page 54 79 2022 Performance Report