WEX : 2020 ESG Report

WEX INC.

2020

INAUGURAL ESG REPORT

PUBLISHED ON JUNE 15, 2021

TABLE OF CONTENTS

INTRODUCTION	1
Letter From Our CEO	1
About Us and Our Approach to ESG	2
About This Report	2
ESG Governance and Leadership	3

ENVIRONMENTAL COMMITMENT	4
Energy and Waste Management	4
OUR TEAM AND OUR CULTURE	6
Values	6
Talent Management and Development	6
Diversity and Inclusion	9
Employee Health and Safety	12
SOCIAL RESPONSIBILITY	13
Global Philanthropy & Community Program	13
WEX Compassion Fund	14
Employee Volunteering	15
GOVERNANCE	16
Board Diversity and Independence	16
Ethical Business Practices	16
Employee Compliance Training	17
Ethical Selling Practices and Product Marketing	17
Intellectual Property and Competitive Behavior	17
Systemic Risk Management and Organizational Resilience	18
Systemic Risk Management	18
Organizational Resilience	19
Pandemic Plan and COVID-19 Response	20
Customer Privacy	21
Data and Cyber Security	21
SASB INDEX	23
ALIGNMENT WITH UNITED NATIONS SUSTAINABLE
DEVELOPMENT GOALS	24

INTRODUCTION

LETTER FROM OUR CEO

Over the past 35+ years, WEX has grown from a payment processing provider to a global leader in financial technology solutions. Our company vision is bringing the future of commerce to the present. We have consistently introduced products and services with one goal in mind: responsibly and sustainably enabling payments for millions of customers, partners, and end-users around the world and we do this through a culture that values: Integrity; Execution; Innovation; Relationships; and, Community.

As a result of our products and services, approximately 16 million vehicles across the globe have access to exceptional payment security and control, purchase volume in travel and corporate solutions was $20.9 billion in 2020, and our health division, which provides consumer-directed healthcare technology and services, reached an estimated 33.4 million U.S. consumers as of March 31, 2021.

With this responsibility in mind, we are pleased to share our inaugural Environmental, Social and Governance (ESG) Report, which utilizes the Sustainability Accounting Standards Board (SASB) framework to discuss our efforts and performance for fiscal year 2020. I am particularly proud of our longstanding efforts to champion diversity and inclusion, encapsulated in our motto, "Be You at WEX." Our volunteerism and philanthropic endeavors, such as the WEX Compassion Fund and our "Month of Caring" initiative, illustrate our support of the local communities in which we operate. While our business has always been aligned with corporate and social responsibility, our ESG Report reflects WEX's commitment to continuous improvement as we strive to become an even more sustainable and resilient business.

We have great efforts and initiatives underway, and we have a lot of important work ahead of us. As with everything we do at WEX, our core values of integrity, execution, innovation, relationships, and community will guide us. This inaugural report will be followed with periodic updates. We will establish clear and appropriate targets and goals that reflect our focus, and our commitment to transparency and enhanced disclosure. Though we are in the early stages of developing and articulating our ESG program, we are proud of the heritage and culture of WEX and the progress we have made. We welcome your input, collaboration, and support on the journey ahead.

Chair and Chief Executive Officer • May 26, 2021

ABOUT US AND OUR APPROACH TO ESG

WEX is a leading financial technology service provider that simplifies the complexities of payment systems across continents and industries. We operate in three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions.

Acting as stewards of our communities, our company has a long history of and focus on Corporate Social Responsibility (CSR). In 2019 we began to expand our energies beyond CSR and formalized our focus on environmental, social, and governance matters (ESG) including the establishment of board oversight and participation. We anticipate continuously evolving and improving our ESG capabilities over time. In 2020 our primary focus was on assessing our current competencies and enhancing our public disclosures as a foundation for greater transparency as part of our ESG strategy and execution in 2021 and beyond.

ABOUT THIS REPORT

For this inaugural ESG Report, we leveraged the Sustainability Accounting Standards Board (SASB) framework to understand and communicate what is of most relevance to our U.S. investors. We also referred to the Global Reporting Initiative (GRI) and industry best practices to identify areas of interest to a broader group of stakeholders, including our employees, customers, partners, and the communities in which we operate. We drew upon the knowledge of our colleagues throughout WEX to collect and organize content relative to the subject matter we identified as relevant. Lastly, we have compared our activities to the United Nations Sustainable Development Goals (SDGs) to assess how we may be contributing to these worthwhile objectives. We align our activities with five of these global goals, referenced on page 24.

Inquiries about or suggestions for our ESG practices and policies can be directed to [e-mail]

ESG GOVERNANCE AND LEADERSHIP

The Corporate Governance Committee has responsibility for board oversight of ESG programs as a part of the committee's core stewardship focus.

Board of Directors

Corporate Governance Committee

ESG Management Committee

We have also established a cross-functional ESG Management Committee whose role is to expand our ESG efforts in practice. The functions represented include:

• Corporate Communications
• Finance
• Human Resources
• IT
• Legal
• Risk and Compliance
• Operations
• Strategy
• Commercial Business and Products

The ESG Management Committee works collectively to advance our ESG risk management capabilities and also to identify additional ESG-related opportunities. It reports out to the Corporate Governance Committee, which, in turn, reports to the entire board as appropriate.