Danone // 2020 Universal Registration Document

5 Social, Societal and Environmental Responsibility 5.9 Report by one of the Statutory Auditors, appointed as an independent third party, on the consolidated non-financial information statement included in the management report 201 DANONE UNIVERSAL REGISTRATION DOCUMENT 2020 5.9 REPORT BY ONE OF THE STATUTORY AUDITORS, APPOINTED AS AN INDEPENDENT THIRD PARTY, ON THE CONSOLIDATED NON-FINANCIAL INFORMATION STATEMENT INCLUDED IN THE MANAGEMENT REPORT This is a free translation into English of the Statutory Auditor’s report issued in French and is provided solely for the convenience of English- speaking readers. This report should be read in conjunction with, and construed in accordance with, French law and professional standards applicable in France. For the year ended December 31, 2020 To the Shareholders, In our capacity as Statutory Auditor of Danone (hereinafter the “entity”), appointed as an independent third party and accredited by Cofrac (accreditation Cofrac Inspection n°3-1060 whose scope is available at www.cofrac.fr ), we hereby report to you on the non-financial infor- mation statement for the year ended December 31 st , 2020 (hereinafter the “Statement”), included in the management report pursuant to the legal and regulatory provisions of articles L. 225-102-1, R. 225-105 and R. 225-105-1 of the French Commercial Code (Code de commerce). The entity’s responsibility Pursuant to legal and regulatory requirements, the Board of Directors is responsible for preparing the Statement, including a presentation of the business model, a description of the principal non-financial risks, a presentation of the policies implemented considering those risks and the outcomes of said policies, including key performance indicators. The Statement has been prepared in accordance with the entity’s procedures (hereinafter the “Guidelines”), the main elements of which are available on request from the company’s head office. Independence and quality control Our independence is defined by the provisions of article L. 822-11-3 of the French Commercial Code and the French Code of Ethics ( Code de déontologie ) of our profession. In addition, we have implemented a system of quality control including documented policies and procedures regarding compliance with the ethical requirements, French professional guidance and applicable legal and regulatory requirements. Responsibility of the Statutory Auditor, appointed as an independent third party On the basis of our work, our responsibility is to provide a report expressing a limited assurance conclusion on: • the compliance of the Statement with the provisions of article R. 225-105 of the French Commercial Code; • the fairness of the information provided in accordance with article R. 225-105 I, 3 and II of the French Commercial Code, i.e. , the outcomes, including key performance indicators, and the measures implemented considering the principal risks (hereinafter the “Information”). However, it is not our responsibility to comment on: • The entity’s compliance with other applicable legal and regulatory provisions, in particular the French duty of care law and anti-cor- ruption and tax evasion legislation; • The compliance of products and services with the applicable regulations. Nature and scope of our work The work described below was performed in accordance with the provisions of articles A. 225-1 et seq . of the French Commercial Code determining the conditions in which the independent third party performs its engagement and with the professional guidance of the French Institute of Statutory Auditors (“CNCC”) applicable to such engagements, as well as with ISAE 3000 – Assurance engagements other than audits or reviews of historical financial information . Our procedures allowed us to assess the compliance of the Statement with regulatory provisions and the fairness of the Information: • we obtained an understanding of all the consolidated entities’ activities, the description of the social and environmental risks associated with their activities and, where applicable, the impact of these activities on compliance with human rights and anti-corruption and tax evasion legislation, as well as the resulting policies and their outcomes; • we assessed the suitability of the Guidelines with respect to their relevance, completeness, reliability, objectivity and understandability, with due consideration of industry best practices, where appropriate; • we verified that the Statement includes each category of social and environmental information set out in article L. 225-102-1 III, as well as information regarding compliance with human rights and anti-corruption and tax evasion legislation; • we verified that the Statement presents the business model and the principal risks associated with all the consolidated entities’ ac- tivities, including where relevant and proportionate, the risks associated with their business relationships and products or services, as well as their policies, measures and the outcomes thereof, including key performance indicators; • we verified, where relevant with respect to the principal risks or the policies presented, that the Statement provides the information required under article R. 225-105 II;