Upwork Investor Presentation Deck

Commitment to Strong ESG Practices Focus Area Environment Social Governance Initiatives Ⓒ2022 Upwork Inc. 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 ● ● ● ● ● 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 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 ● ¹ As defined under California law AB 979, underrepresented communities includes certain racial, ethnic, and LGBT+ identities. Q1'22 Investor Presentation April 2022 Achievements to Date Committed to carbon neutrality Achieved carbon neutrality since 2019 through emissions reductions and offsets ✓ Enabled team members to avoid over 1 million commuting miles in 2019 ✓ Adopted a robust Global Environmental Policy and reported to CDP in 2021 ✓ 50% of Board is female ✓ 3 of our 8 directors are from underrepresented communities ✓ Maintain a robust Global Human Rights Policy and Supplier Code of Conduct 1 Implemented majority-vote standard for director elections and adopted proxy access ✓ The Board's Nominating and Governance Committee oversees all ESG functions 19

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