Upwork Investor Day Presentation Deck slide image

Upwork Investor Day Presentation Deck

Commitment to Strong ESG Practices Focus Area Environment Social Governance Initiatives ● ● Reducing emissions by limiting our physical corporate office footprint through our remote-first working model Reducing unnecessary commuting and travel Purchasing carbon offsets that promote environmental sustainability Building a more robust diversity, inclusion and belonging (DIBS) infrastructure Leveraging data to inform strategic talent process decisions • Preparing quantitative disclosures to demonstrate our progress on DIBS-related initiatives Evolving Board and governance practices to reflect our maturation as a public company Focusing on and responding to stockholder feedback Acting to protect and grow long-term stockholder value 1 As defined under California law AB 979, underrepresented communities includes certain racial, ethnic, and LGBT identities. Achievements to Date ✓ Enabled team members to avoid over 1 million commuting miles in 2019 ✓ Achieved carbon neutrality for 2019 and 2020 ✓ Committed to remaining carbon neutral going forward ✓ 50% of Board is female ✓ 3 of our 8 directors are from underrepresented communities¹ ✓ Implemented majority-vote standard for director elections and adopted proxy access ✓ The Board's Nominating and Governance Committee oversees all ESG functions 83
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