

PhilosophyRecognizing that sustainability is a journey rather than a final state, we strive to embed it into everything we do to deliver increased value to our customers, consumers, employees, and shareholders. Putting our corporate vision, Inspired Brands. Intelligent World™ into action, we help our customers reduce their environmental footprints and facilitate the creation of more sustainable brands. With a focus on continuous improvement, we seek to protect the health and safety of our employees and communities in which we are present, use natural resources appropriately, offer more sustainable solutions and products, support community programs that have a positive impact, and increase shareholder value. Operating ModelSocial Responsibility (People)Conduct our business in an ethical and responsible manner. Be exemplary corporate citizens and commit to excellence in employee diversity, health & safety, and global labor standards. Create positive change and improve quality of life through philanthropic investments, community service and employee volunteer programs in the developed and emerging markets in which we operate. Environmental Responsibility (Planet)Practice environmental stewardship in our manufacturing operations, supply chain, and products. Provide innovative and more sustainable materials, products and solutions that help our customers reduce their environmental footprints and elevate their brands. Develop and implement plans to: • Use sustainable materials; • Improve the energy efficiency of our processes; • Reduce the waste and emissions we generate; • Produce and promote more sustainable products; and • Protect and conserve natural resources Shareholder Value (Prosperity)Practice sound corporate governance. Embed sustainability into Avery Dennison to create competitive advantage, advance market leadership and drive long-term shareholder value creation. |

