Home Depot : 2025 Living Our Values Report

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Overview Focus on Our People Operate Sustainably Strengthen Our Communities Responsible Business PracticesAppendices

TABLE OF CONTENTS

This report covers The Home Depot's sustainability and human capital management ef forts in our F iscal 2024 .

CEO LETTER 4

OVERVIEW 5

About The Home Depot 6

Our Approach to Sustainability 8

Governance 9

Our Strategy 11

Risk Management 12

Living Our Values: Goals 13

OPERATE SUSTAINABLY 26

Letter from Our Head of Sustainability 27

Path to 2030 28

Carbon Emissions Reduction 29

Sustainable Forestry 35

Circularity 38

Water Conservation 43

Responsible Chemistry 45

Promoting Customer Eco Actions 47

RESPONSIBLE 55

BUSINESS PRACTICES

Code of Conduct 56

Responsible Sourcing & Human Rights 57

Government Relations 60

Corporate Taxes 63

Data Security & Privacy 65

APPENDICES 69

Key Metrics 70

FOCUS ON OUR PEOPLE 15

Associate Experience 16

STRENGTHEN

OUR COMMUNITIES

48 GRI 75

SASB 83

Associate Safety 19

Learning & Development 21

Benefits & Compensation 23

The Homer Fund 25

Our Community Priorities 49

Veteran Support 50

Trades Training: Our Path to Pro Programs 52

Disaster Relief & Response 54

TCFD 86

Resources 88

Endnotes 89

Unless otherwise noted, we report on activities that fall in our Fiscal 2024, which started on January 29, 2024, and ended on February 2, 2025.

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About This Report

This report contains information on The Home Depot's sustainability and human capital management initiatives and performance on topics we believe are important to our stakeholders. This report contains disclosures that are informed by the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB) Multiline and Specialty Retailers & Distributors and Building Products & Furnishings industry standards, the Task Force on Climate-related Financial Disclosures (TCFD) framework and the United Nations Sustainable Development Goals (SDGs).

REPORTING PERIOD AND SCOPE

Unless otherwise noted, we report on activities during our Fiscal 2024, which started on January 29, 2024, and ended on February 2, 2025.

Unless noted, this report focuses on The Home Depot's in-store and online operations within the U.S., which represented more than 90% of sales in our Fiscal 2024. Where expressly noted, this report also includes data from our Canada and Mexico operations, as well as HD Supply Holdings Inc. (HD Supply) and SRS Distribution Inc. (from the acquisition date). This report also contains information on The Home Depot Foundation,®The Homer Fund®and Team Depot volunteers. The Home Depot Foundation and The Homer Fund are divisions of THDF II, Inc., a nonprofit entity that is also

a public charity under 501(c)(3) of the U.S. tax code. THDF II, Inc. is not a subsidiary of

The Home Depot.

Forward-Looking Statements: All statements in this report that are not historical constitute "forward-looking statements" as defined in the federal securities laws, including the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on currently available information and our current assumptions, expectations and projections about future events, and use words such as "may," "will," "could," "should," "would," "anticipate," "intend,"

"estimate," "project," "plan," "believe," "expect," "target," "goal," "prospects," "potential," "commit" and "forecast," or words of similar import or meaning or refer to future time periods. These forward-looking statements may relate to, among other things, our goals, targets, commitments and programs, and projections and expectations of future results and events. Forward-looking statements are not guarantees of future performance and are subject to numerous risks and uncertainties including, but not limited to, our ability to meet our goals, targets and commitments as well as our business plans, strategies, initiatives and objectives and their expected execution and impact; the impacts of changes to regulations, legislation, consumer preferences, and the public policy environment as well as changes in standards, protocols and reporting frameworks; the rate of grid greening; renewable energy market dynamics; management of relationships with our associates, potential associates, suppliers and service providers; cost and availability of labor; costs of fuel and other energy sources; the impact of tariffs, trade policy changes or restrictions, or international trade disputes and efforts and ability to continue to diversify our supply chain; events that could disrupt our business, supply chain, technology infrastructure, or demand for our products and services, such as tariffs, trade policy changes or restrictions or international trade disputes, natural disasters, climate change, public health issues, cybersecurity events, labor disputes, geopolitical conflicts, military conflicts or acts of war; actual or perceived non-compliance by us or our suppliers with applicable law or standards; our ability to maintain a

safe and secure store environment; and the impact of acquired companies on our organization. Many of the risks and uncertainties to which these forward-looking statements are subject are beyond our control, dependent on the actions of third parties or currently unknown to us; they are also subject to the risk of inaccurate assumptions that could cause actual results to differ materially from those projected. Further information about these risks and uncertainties are described in this report and in the "Risk Factors" section and elsewhere in our most recently filed Annual Report on Form 10-K, and also in subsequent reports we file with the Securities and Exchange Commission. We encourage you to review these filings. Forward-looking statements speak only as of August 22, 2025, and we do not undertake to update these statements other than as required by law. You are advised, however, to review any further disclosures we make on related subjects in our filings with the Securities and Exchange Commission and in our other public statements.

Note on Materiality: We may have used definitions of materiality in the course of our creating this report, and in our priority assessment process,

that do not coincide with or rise to the level of the definition of materiality for the purposes of U.S. federal securities laws. Inclusion of information in this report is not an indication that the subject or information rises to the level of materiality for purposes of complying with U.S. federal securities laws.

Website references and/or links throughout this report are provided for convenience only and the content on the referenced websites is not incorporated by reference into this report.

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‌CEO LETTER

Living Our Values: Achievements and Ongoing Commitments

The success of The Home Depot stems from our strong culture, built on an unwavering commitment to eight core values. These core values have been the same since the company was founded in 1979 - even as our business and our world continue to change.

Our values are a real, tangible feature of everyday life at The Home Depot. We wear them on our aprons, and they shape how we run our business and make decisions every day, enabling us to run a responsible, strong, agile and resilient business. This commitment to our values is shared across all our associates -from our frontline, store, field, and distribution teams to those in our store support centers.

We focus on our people. The Home Depot has always aspired to excel in customer service - to be the one-stop shop for the do-it-yourselfer, the

professional contractor and everyone in between. To

provide a quality customer experience, we need to attract and retain the best talent, and to do that we need to ensure that The Home Depot is a place where associates feel empowered to speak up, where good performance is recognized and rewarded, and where people can grow and build meaningful careers.

We're proud of the fact that more than 90 percent of our U.S. store leaders started as hourly associates. In 2023 we set a goal to provide 10 million hours of training to frontline associates and 2.5 million hours of leadership training by 2028 - I'm pleased to report that we've achieved that goal early. The Home Depot remains a place where people can build a thriving career with the support of their leaders.

We continue to operate sustainably.

As the world's largest home improvement retailer, we recognize the opportunity we have to create change through our sustainability commitments, including through the products we sell. Recently, we committed to help reforest 2,000 acres, which is equal to the footprint of more than 800 Home Depot stores.

Additionally, we achieved our goal of helping customers save $600 million in energy costs through the sale and use of energy-efficient products.

We give back to strengthen our

communities. A core part of what makes The Home Depot who we are is our focus on giving back to our communities - using our time, talents, energy

and resources to support worthwhile causes in our

community and society. In 2024, The Home Depot Foundation made approximately $90 million in grants to support its community priorities - veteran causes, disaster relief and skilled trades training - advancing its pledge of $750 million toward veteran causes by 2030. This past year, we stepped up to support our communities impacted by devastating natural disasters, including Hurricane Helene and Hurricane Milton in the Southeast, as well as the wildfires in Los Angeles. From packing and distributing thousands of disaster relief kits to sending in truckloads of supplies, our associates worked tirelessly to ensure disaster victims were taken care of and able to get the supplies they needed to clean up, rebuild, and restore hope.

This year also marked the 25th anniversary of The Homer Fund, which provides financial assistance to associates facing unexpected hardships, offers scholarships for associates' children, and supports our people with financial information to help better prepare them for emergencies. Since its inception, The Homer Fund has awarded nearly $285 million to approximately 200,000 associates in need.

To our associates, thank you for another great year. Your continued dedication to living our values is what makes our progress as a company possible.

TED DECKER

Chair, President & CEO

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Overview

Focus on Our People Operate Sustainably Strengthen Our Communities Responsible Business PracticesAppendices

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We have three key pillars of focus for our sustainability and human capital management initiatives: Focus on Our People, Operate Sustainably and Strengthen Our Communities. We believe these priorities are embedded in how we run our business, align closely with our corporate culture and strategy, and support value creation for our business and shareholders.

About The Home Depot 6

Our Approach to Sustainability 8

Governance 9

Our Strategy 11

Risk Management 12

Living Our Values: Goals 13

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