Fellow P&Gers,

P&G was founded on a deep commitment to quality and honesty. These heritage beliefs come to life in our Purpose, Values and Principles. Our PVPs are the foundation for everything we do. They have guided and sustained us for more than 185 years, and they provide a clear roadmap for winning behind strong ethical, compliance and quality standards — the only way to win.

Consistently doing the right thing is the basis of the trust we earn from consumers, the partnerships we cultivate with customers and suppliers, the relationships we build with governments and communities, and the investments shareholders make in our Company. This trust gives us a genuine competitive advantage. However, it can be jeopardized by a single illegal or unethical act. We cannot afford to engage in any behavior that undermines confidence in our Company, our brands or our people. We must be fully committed to maintaining our high standards at all times.

Our Worldwide Business Conduct Manual outlines the global principles we must follow to ensure we do the right thing. Please read it thoroughly and take responsibility for adhering to the behaviors and policies it describes. I encourage you to bookmark the website for easy access.

At P&G, we are committed to creating a workplace that supports employees who have concerns about any business conduct. If you have questions or concerns about the business conduct of our Company or any individual, please reach out to a resource who can help: your manager, Human Resources, P&G Legal, the Company’s Ethics & Compliance Office, or contact me directly. You may also report any concerns through the Worldwide Business Conduct Helpline.

Thank you for following the Worldwide Business Conduct Manual and for doing the right thing each day as we strive to win with consumers and deliver balanced growth and value creation for the near and long term.