Brown Forman : GRI Index (Fiscal Year 2023)

GRI CONTENT INDEX

GRI STANDARD	DISCLOSURE		PAGE NUMBER(S) AND/OR URL(S)
		GENERAL DISCLOSURES
	Section 1: The organization and its reporting practices
	2-1: Organizational Details
	a. Legal name		Brown-Forman Corporation, 2023 Form 10-K, pgs 4-5.
	b. Nature of ownership and legal form		2023 Form 10-K, pgs 24-26.
	c. Location of headquarters		850 Dixie Highway Louisville, Kentucky 40210, 2023 Form 10-K, page 1.
	d. Countries of operation		2023 Form 10-K, pgs 6, 25, and 36.
	2-2: Entities included in the organization's sustainability reporting
	a. List all its entities included in its sustainability		2023 Form 10-K, pgs 25.
	reporting
GRI 2: GENERAL	2-3: Reporting period, frequency, and contact point
DISCLOSURES 2021	a. Specify the reporting period for, and the		Unless otherwise noted, all data relate to Fiscal 2023 (beginning May 1, 2022, and ending April
	frequency of, its sustainability reporting		30, 2023), Annual frequency.
	b. Specify the reporting period for its financial		Unless otherwise noted, all data relate to Fiscal 2023 (beginning May 1, 2022, and ending April
	reporting and, if it does not align with the period		30, 2023), Annual frequency.
	for its sustainability reporting, explain the
	reason for this
	c. Report the publication date of the report or		2023 Integrated Annual Report
	reported information		2023 Impact Scorecard
	d. Specify the contact point for questions about		Contact Usfor questions regarding the report: Brown-Forman Corporation, 850 Dixie Hwy.
	the report or reported information		Louisville, KY 40210 USA.
	2-4: Restatements of Information
	a. Report restatements of information made		No such restatements.
	from previous reporting periods

GRI 2: GENERAL DISCLOSURES 2021

2-5: External Assurance

a. Describe its policy and practice for seeking	Brown-Forman seeks external assurance for its Scope 1 and Scope 2 greenhouse gas emissions
external assurance, including whether and how	inventory.
the highest governance body and senior
executives are involved	Statement of Verification
b. If the organization's sustainability reporting	For its fiscal year 2022 greenhouse gas emission inventory, Brown-Forman contracted with an
has been externally assured:	independent third party verifier, Stantec Consulting Ltd, and received Limited Assurance for the
	emissions inventory. A copy of the Statement of Verificationis posted on Brown-Forman's
i. Provide a link or reference to the external	website, and was reported in Brown-Forman's 2023 CDP Climate Change Response in section
assurance report(s) or assurance statement(s);	10.1 (pgs 43-44). Fiscal year 2023 data is still undergoing verification.
ii. Describe what has been assured and on what
basis, including the assurance standards used,
the level of assurance obtained, and any
limitations of the assurance process;
iii. Describe the relationship between the
organization and the assurance provider.
Section 2: Activities and Workers

2-6: Activities, value chain, and other business relationships

a. Report the sector(s) in which it is active	Food & Beverages
b. Describe its value chain, including:	https://www.brown-forman.com/brands
ii. The organization's supply chain;	Our upstream supply chain includes suppliers in production and non-production capacities. Our
	product ingredients are mainly agricultural commodities or agricultural derived commodities -
iii. The entities downstream from the	grains, grapes, agave, favors etc. Packaging, materials for the cooperages, and transportation are
organization and their activities	also critical components of the upstream supply chain. Non-production aspects include IT and
	other items at the corporate and site levels. Our downstream supply chain, our biggest
	customers - distributors and retailers.
	2023 10-K, page 6 (Distribution Networks and Customers).
c. Report other relevant business relationships	2023 Form 10-K, pgs 15-16.
d. Describe significant changes in 2-6-a,2-6-b,	2023 Form 10-K, page 32 (Significant Developments).
and 2-6-c compared to the previous reporting
period.

GRI 2: GENERAL DISCLOSURES 2021

2-7: Employees

a. Report the total number of employees, and a	2023 Impact Scorecard
breakdown of this total by gender and by region
Section 3: Governance
2-9: Governance structure and composition
a. Describe its governance structure, including	2023 Form 10-K, page 82. 2023 Proxy Statement, pgs 14-17.
committees of the highest governance body	Leadership & Governance
b. List the committees of the highest governance	B-F Corporate Governance Guidelines
body that are responsible for decision- making
on and overseeing the management of the	2023 Proxy Statement, pgs 11-21.
organization's impacts on the economy,
environment, and people
c. Describe the composition of the highest	2023 Integrated Annual Report, pgs 8-9. 2023 Proxy Statement, pgs 14-17.
governance body and its committees
2-12: Role of the highest governance body in overseeing the management of impacts
a. Describe the role of the highest governance	2023 Integrated Annual Report, page 20.
body and of senior executives in developing,
approving, and updating the organization's	B-F Charter of the Corporate Governance and Nominating Committee
purpose, value or mission statements,
strategies, policies, and goals related to
sustainable development;

b. Describe the role of the highest governance body in overseeing the organization's due diligence and other processes to identify and manage the organization's impacts on the economy, environment, and people, including: i. whether and how the highest governance body engages with stakeholders to support these processes;

1. how the highest governance body considers the outcomes of these processes;

c. Describe the role of the highest governance body in reviewing the efectiveness of the organization's processes as described in 2-12-b, and report the frequency of this review.

GRI 2: GENERAL DISCLOSURES 2021

2-13: Delegation of responsibility for managing impacts

a. Describe how the highest governance body	2023 Integrated Annual Report, page 20.
delegates responsibility for managing the
organization's impacts on the economy,	2023 Impact Scorecard
environment, and people, including:
i. whether it has appointed any senior executives
with responsibility for the management of
impacts;
ii. whether it has delegated responsibility for the
management of impacts to other employees;
b. Describe the process and frequency for senior	2023 Integrated Annual Report, page 20.
executives or other employees to report back to
the highest governance body on the
management of the organization's impacts on
the economy, environment, and people.
2-14: Role of the highest governance body in sustainability reporting
a. Report whether the highest governance body	2023 Integrated Annual Report, page 20.
is responsible for reviewing and approving the
reported information, including the	Living a Spirit of Commitment Materiality Topics
organization's material topics, and if so, describe
the process for reviewing and approving the
information
2-17: Collective knowledge of the highest governance body
Report measures taken to advance the collective	2023 Integrated Annual Report.
knowledge, skills, and experience of the highest
governance body on sustainable development.	2023 Impact Scorecard

Section 4: Strategy, Policies, and Practices

2-22: Statement on sustainable development strategy

Report a statement from the highest governance 2023 Integrated Annual Report, pgs 2-5. body or most senior executive of the

organization about the relevance of sustainable development to the organization and its strategy for contributing to sustainable development.

GRI 2: GENERAL DISCLOSURES 2021

2-23: Policy Commitments

a. Describe its policy commitments for	B-F Code of Conduct
responsible business conduct, including:
i. The authoritative intergovernmental
instruments that the commitments reference
ii. Whether the commitments stipulate
conducting due diligence
iii. Whether the commitments stipulate
applying the precautionary principle
iv. Whether the commitments stipulate
respecting human rights
b. Describe its specific policy commitment to	B-F Global Human Rights Policy
respect human rights, including:
i. the internationally recognized human rights
that the commitment covers

1. the categories of stakeholders, including at-risk or vulnerable groups, that the organization gives particular attention to in the commitment

c. Provide links to the policy commitments if publicly available, or, if the policy commitments are not publicly available, explain the reason for this

e. Report the extent to which the policy	B-F Supplier Code of Conduct
commitments apply to the organization's
activities and to its business relationships
f. Describe how the policy commitments are
communicated to workers, business partners,
and other relevant parties

2-24: Embedding policy commitments

a. Describe how it embeds each of its policy commitments for responsible business conduct throughout its activities and business relationships, including:

i. How it allocates responsibility to implement the commitments across diferent levels within the organization

1. How it integrates the commitments into organizational strategies, operational policies, and operational procedures
2. How it implements its commitments with and through its business relationships
3. Training that the organization provides on implementing the commitments

B-F Global Human Rights Policy B-F Code of Conduct

B-F Supplier Code of Conduct B-F Modern Slavery Act Statement

GRI 2: GENERAL DISCLOSURES 2021

2-25: Processes to remediate negative impacts

a. Describe its commitments to provide for or	B-F Global Human Rights Policy
cooperate in the remediation of negative
impacts that the organization identifies it has
caused or contributed to

2-26: Mechanisms for seeking advice and raising concerns

a. Describe the mechanisms for individuals to:

i. Seek advice on implementing the organization's policies and practices for responsible business conduct

1. Raise concerns about the organization's business conduct.

B-F Code of Conduct

GRI 2: GENERAL DISCLOSURES 2021

2-28: Membership Associations

Report industry associations, other	We work closely with the 12 industry leaders of the International Alliance for Responsible
membership associations, and national or	Drinking (IARD). Globally, we work with a variety of organizations to address alcohol
international advocacy organizations in which it	responsibility issues.
participates in a significant role.	In Australia, we support DrinkWise, a non-profit that promotes behavior change through
	informational and educational campaigns.
	We promote alcohol responsibility both independently and with industry organizations, such as
	the International Alliance for Responsible Drinking, the Foundation for Advancing Alcohol
	Responsibility (responsibility.org) in the United States, The Portman Group in the United
	Kingdom, DrinkWise in Australia, and FISAC in Mexico. 2023 Form 10-K, pgs. 9-10.
Section 5: Stakeholder Engagement
2-29: Approach to stakeholder engagement
a. Describe its approach to engaging with	We involve many people in our day-to-day responsibility eforts and are open to diverse external
stakeholders, including:	opinions in making decisions. We proactively engage with others who have the most infuence
i. The categories of stakeholders it engages with,	on and are most infuenced by our business - our stakeholders.
and how they are identified	Our priority stakeholders include consumers, nonprofits and community organizations,
	employees, the Brown Family shareholders, issue experts and thought leaders, investors,
ii. The purpose of the stakeholder engagement	customers, suppliers, and government regulators.
iii. How the organization seeks to ensure
meaningful engagement with stakeholders.	Meaningful relationships with our stakeholders underpin our work and our company. To have
	the most impact, we focus on what we do well by prioritizing the Environmental, Social, and
	Governance (ESG) issues that are closest to our business and conducting periodic assessments
	of our most material issues.
	We held formal external and internal stakeholder workshops in 2011, 2012, 2014, and 2021. We
	also conducted a formal assessment with our stakeholders in 2015, 2020, and 2022 to identify
	our most pressing ESG issues.
2-30: Collective bargaining agreements
a. Report the percentage of total employees	Globally 19% of employees are covered by collective bargaining agreements.
covered by collective bargaining agreements
b. Employees not covered by collective	B-F Global Human Rights Policy
bargaining agreements

GRI STANDARD

DISCLOSURE

PAGE NUMBER(S) AND/OR URL(S)

		MATERIAL TOPICS
	3-1: Process to determine material topics
	a. Describe the process it has followed to	To help us prioritize the corporate responsibility issues that matter most to our business, we
	determine its material topics, including:	conducted an assessment of the areas of significant impacts on our business. The assessment
		helped us better understand the importance of these issues to our stakeholders and to the
	i. How it has identified actual and potential,	success of our business. To define the content and scope of this report, we carried out a series of
	negative and positive impacts on the	activities to develop our list of material issues: We assessed the current relevance of material
	economy, environment, and people, including	topics identified in external and internal stakeholder workshops conducted in 2011, 2012, and
	impacts on their human rights,	2014. We also conducted formal assessments with our stakeholders in 2015, 2020, and 2022 to
	across its activities and business relationships;	identify our most pressing ESG issues. Based on our findings we refined and developed a topic
		list for additional testing, reviewing this against relevant Global Reporting Initiative aspects and
	ii. How it has prioritized the impacts for	definitions for completeness.
	reporting based on their significance;	We tested a long list of issues internally, conducting a workshop that included employees from
GRI 3-1 (2021)		across a range of business areas to assess the importance of and impact to the business of the
	identified topics. We supplemented our understanding and prioritization of the issues through a
		series of external interviews with subject matter experts in the areas of alcohol responsibility,
		alcohol distribution and marketing, industry ethics, agriculture, water, and other environmental
		concerns, as well as with Brown family representatives and investors.
		We worked with an independent consultant to conduct these interviews to help further guide
		our understanding of stakeholder perspectives on these issues. Taking into account the feedback
		from internal and external stakeholders, and through conversations involving senior leadership,
		we arrived at our current list of significant issues.
		Living a Spirit of Commitment Materiality Topics
	b. Specify the stakeholders and experts whose	Internal and external stakeholders.
	views have informed the process of determining
	its material topics.	ERM
	3-2: List of material topics
	a. List its material topics	Environmental:Climate Action, Packaging, Water , Agriculture , Biodiversity, Waste
		Social:Responsible Drinking, Diversity, Equity, and Inclusion, People, Community Engagement,
GRI 3-2 (2021)		Human Rights, Health, Safety, and Wellbeing, Product Quality
	Governance:Governance, Information Security and Technology, Responsible Marketing
	b. Report changes to the list of material topics	Topics Removed: Public Policy Infuence
	compared to the previous reporting period.	Topics Added: Information Security and Technology

		200 SERIES (ECONOMIC TOPICS)
	Economic Performance
		3-3: Management of material topics	Brown-Forman follows reporting boundaries of operational control. These boundaries apply to
	GRI 3-1 (2021)		all entities within the organization.
		2023 Form 10-K, pgs 20-21.
			B-F Code of Conduct
		201-1: Direct economic value generated and	Selected financial data: 2023 Integrated Annual Report, page 32; 2023 Form 10-K, pgs 52-56, 59.
		distributed	2023 Impact Scorecard
		201-2: Financial implications and other risks and	2023 Form 10-K, pgs 11, 12, Section 1a. Risk Factors, pgs 18, 21.
	GRI 201: Economic	opportunities due to climate change
	Performance 2016	201-3: Defined benefit plan obligations and other	2023 Form 10-K, pgs 63-68 (Pension and Other Postretirement Benefits).
		retirement plans
		201-4: Financial assistance received from	Brown-Forman did not receive any significant financial assistance from government.
		government
	Anti-Corruption
	GRI 3-1 (2021)	3-3: Management of material topics	B-F Code of Conduct
		205-1: Operations assessed for risks related to	B-F Code of Conduct
		corruption	2023 Integrated Annual Report, page 28.
	GRI 205:	205-2: Communication and training about anti	B-F Code of Conduct
	Anti-Corruption	corruption policies and procedures
		205-3: Confirmed incidents of corruption and	B-F Code of Conduct
		actions taken
		300 SERIES (ENVIRONMENTAL TOPICS)
	Energy
		3-3: Management of material topics	2023 Form 10-K, pgs 17-18; 2023 CDP Climate Change Response, C2. Risk and Opportunities (pgs
			5-10).
	GRI 3-1 (2021)		Environmental Sustainability
			2023 Integrated Annual Report, pgs 19-23; 2023 CDP Climate Change Response, C1. Governance
			(pgs 3-5).

		302-1: Energy consumption within the	2023 Impact Scorecard, page 12. (Note: Totals for non-renewable and renewable sources of
		organization	energy are not reported separately; renewables applies only to biogas and the portion of
			electricity sourced from renewable generation).
			Brown-Forman did not sell any energy in 2023.
	GRI 302: Energy 2016		IEA CO2 Emissions from Fuel Combustion; IPCC Guidelines for National Greenhouse Gas
		Inventories, 2006; The Greenhouse Gas Protocol: A Corporate Accounting and Reporting
			Standard (Revised Edition); US EPA Mandatory Greenhouse Gas Reporting Rule; IPCC Guidelines
			Chapter 11 N2O Emissions.
		302-4: Reduction of energy consumption	2023 CDP Climate Change Response, C4.3 (pgs 20-21).
			2023 Impact Scorecard, page 12.
	Water
		3-3: Management of material topics	2023 Form 10-K, pgs 17-18; 2023 Integrated Annual Report, pgs 18-23.
	GRI 3-1 (2021)		2023 CDP Water Response, W1. Current State (pgs 2-9).
		Environmental Sustainability
			2023 CDP Water Response, W3. Procedures (pgs. 10-12); W4. Risks and Opportunities (pgs 12-16).
		303-1: Interactions with water as a shared	2023 Impact Scorecard, page 13;2023 SASB Disclosure, page 2.
		resource	2023 CDP Water Response, W1. Current State (pgs 2-9).
			2023 CDP Water Response, W3. Procedures (pgs 10-12).
	GRI 303: Water and
		2023 CDP Water Response, W4. Risks and Opportunities (pgs 12-16).
	Efuents 2018
			2023 CDP Water Response, W6. Governance (pgs 21-23), W8. Targets (pgs 24-25).
		303-2: Management of water discharge-related	2023 CDP Water Response, W1.2. (pgs 3-7).
		impacts
	Emissions
		3-3: Management of material topics	2023 Form 10-K, pgs 17-18.Environmental Sustainability. 2023 Integrated Annual Report, pgs
	GRI 3-1 (2021)		18-23.
		2023 CDP Climate Change Response, C2. Risk and Opportunities (pgs 5-10), C1. Governance (pgs
			3-5).