SUPPORTING STATEMENT AT&T’s 2024 Sustainability Update Report asserts: “Our commitment to strengthening our society also encompasses our workforce and supply chain. With employees across all 50 U.S. states and 51 countries, we strive to be an employer of choice. We are proud to bring together talented people with a wide range of backgrounds and experiences who serve our customers and communities every day.” “We also believe that employees of color and women can contribute to improved company performance. A peer reviewed 2024 study titled ‘Impact of Diversity and Inclusion on Firm Performance: Moderating Role of Institutional Ownership’ analyzed 8,089 firm year observations from globally listed firms using ordinary least squares regression. The study found that companies with higher diversity and inclusion scores tend to perform better.” The EEO 1 Report breaks down a company’s U.S. workforce by race, ethnicity and gender according to 10 employment categories, including senior management, defined to incorporate individuals within two reporting levels of the CEO. AT&T’s 2024 Sustainability Update Report discloses its total workforce, but does not include any information on gender, race/ethnicity or job categories. EEO 1 Report disclosure, however, would provide investors with more consistent information to benchmark AT&T to its peers, in a decision useful format, including: • Standardized, quantitative, and reliable data in categories as defined by the EEOC, that is comparable across companies and industries, enabling investors to assess the representation of employees of color and women at various levels of AT&T; • Specific data on senior management diversity; and • Particularized data that allows investors to assess the representation of specific racial and ethnic groups by gender, such as Black female employees, in a job category — and to make meaningful, year over year comparisons. Disclosure of its EEO 1 Report is a cost effective means for AT&T to demonstrate diversity performance. AT&T already collects the data and submits it to the EEOC. The proposal neither prevents nor discourages AT&T from disclosing any other information that management believes reflects its organizational structure or demonstrates its commitment to diversity and inclusion. EEO 1 Report disclosure will bring AT&T into line with virtually all S&P 100 companies, and nearly 400 of the S&P 500 companies, which disclose or have committed to disclose their EEO 1 Report, including its acknowledged peers, International Business Machines Corporation and Netflix Inc. The New York City Pension Funds previously filed this proposal with AT&T and withdrew it based on a mutually agreed upon disclosure back in 2021. Please vote FOR this proposal.