Workiva : 2023 ESG Highlights

ESG Highlights 2023

Powering Transparent Reporting for a Better World

Workiva is on a mission to power transparent reporting for a better world.

We believe society expects more from the business community: authenticity, trust, truth, and transparency. These expectations lie at the heart of what Workiva does for customers and ourselves. To meet these expectations, Workiva uses global compliance and voluntary frameworks as a springboard to move us towards a holistic ESG strategy, including ESG materiality assessment, stakeholder engagement, targets, and initiatives, that connects with financial and sustainability opportunity and risk to drive value.

Workiva's integrated platform, blending sustainability reporting with financial reporting and GRC, enables seamless team collaboration and automation, ensures data accessibility, aggregation and assurance, and offers highly flexible and integrated reporting capabilities to advance companies' ESG strategies and impacts. In addition to developing our platform for ESG reporting, we facilitate broader conversation and promote education and awareness on ESG issues through webinars, blogs, an ESG Talk podcast, our memberships and partnerships, and our Global ESG Practitioner Survey.

We have made significant progress towards our established ESG targets in innovation, environment, philanthropy, and people. To learn more about Workiva's ESG efforts and to track our progress and key initiatives, go to www.workiva.com/about/our-sustainability.

Recognition and Partnerships

Received an AAA rating in the MSCI ESG Ratings assessment, signifying industry- leader status in managing significant ESG risks and opportunities1

Listed as 2023 Fortune 100 Best Companies to

Work For®2

2023 Fortune 100 Best Companies to Work For® list*

Ranked in top 25% of global Software & Services Industry by Morningstar Sustainalytics in 20233

Achieved CDP Gold Accredited Provider status project in 20234

WORLD

ECONOMIC

FORUM

Joined the World

JoinedEconomictwoForumCentresasalong withmemberthe CFOof CFOandandCSOCSO communitiies

Forrester Consulting's Total Economic Impact™ study found the return on investment of deploying the Workiva platform for financial reporting, ESG reporting, and audit and risk management to be 204%5

Named a Winter 2024 Leader by G2 for both Sustainability Management and ESG Reporting Software

Recognized as "Committed" to sustainability by EcoVadis in January 2024 for progress made in 2023

Signed on as one of 130 "early movers" with the UN Global Compact's Forward Faster initiative

1. The use by Workiva of any MSCI ESG Research LLC or its affiliates ("MSCI") data, and the use of MSCI logos, trademarks, service marks or index names herein, do not constitute a sponsorship, endorsement, recommendation, or promotion of Workiva by MSCI. MSCI services and data are the property of MSCI or its information providers, and are provided 'as-is' and without warranty. MSCI names and logos are trademarks or service marks of MSCI.
2. From Fortune. ©2024 Fortune Media IP Limited. All rights reserved. Used under license.

1. Copyright ©2024 Morningstar Sustainalytics. All rights reserved. This publication contains information developed by Sustainalytics (www.sustainalytics.com). Such information and data are proprietary of Sustainalytics and/or its third party suppliers (Third Party Data) and are provided for informational purposes only. They do not constitute an endorsement of any product or project, nor an investment advice and are not warranted to be complete, timely, accurate or suitable for a particular purpose. Their use is subject to conditions available at https://www.sustainalytics.com/legal-disclaimers
2. Workiva has been an accredited provider since 2021.
3. According to a commissioned study conducted by Forrester Consulting on behalf of Workiva that included five representative interviews and data aggregation, Forrester concluded that the three-year financial impact of Workiva included the above.

2023 Highlights

Met or exceeded projections for all ESG target milestones in 2023

Released results from our Global Practitioner Survey of more than 900 professionals involved in ESG reporting

Committed to set science-based targets with the Science Based Targets initiative (SBTi)

Launched enhancements to our ESG solution, including integration with CDP and support for the European Sustainability Reporting Standards

Workiva's ESG Targets

The information in this section reflects ESG targets that were established in FY 2022, and the status updates below reflect actions taken during FY 2023.

Innovation

Environment

Philanthropy

People

Status: Exceeding

Status: On Track

Status: On Track

Status: On Track

Enable transparent reporting for more companies, customers, cities, governments, and other stakeholders by doubling our impact through focused education, awareness, and innovative leading-edge technology by 2025.

• Increased our customer count across platform solutions to more than 6,000+ customers1
• Sponsored an ESG Pro Group with 700+ ESG professionals
• Provided education and training at Amplify for more than 2,000 partners and companies
• Produced theESG Talk podcast with listeners and viewers from 150+ different countries

Reduce our Scope 1 and 2 emissions by 63%, accelerate Renewable Energy Certificate (REC) and carbon offsetting initiatives, reduce our Scope 3 emissions by 2034, and progress towards carbon net zero emissions across our value chain by 2040.

• Achieved operational net zero2 across Scope 1, 2, and Scope 3 upstream leased asset emissions through reduction initiatives and the implementation of a REC and offset purchase program3
• 35% reduction in energy consumption (electricity and natural gas) in 2023 compared to the 2019 base year
• Engaged employees in personal emissions reduction challenges, resulting in more than 15 metric tonnes of CO2 saved
• Saved more than 750 metric tonnes of CO2 from setbacks of HVAC system during non-work hours
• Hosted events at Climate Week NYC and UN COP 28

Leverage our expertise, resources, and reach to narrow the digital divide by partnering with 10 community-based organizations that support historically marginalized communities, and engaging 70% of employees through giving and volunteerism by 2025.

• Engaged 62% of employees in giving and/or volunteering
• Workiva Day of Service resulted in 6,923 hours of time volunteered by our employees to 120 organizations, equating to over $200,000 of value given back to our communities4
• Partnered with seven community-based organizations through Code.org focused on narrowing the digital divide for all K-12 students with a focus on increasing participation by young women and other underrepresented groups

Drive high workforce engagement and trust by maintaining a >90% employee engagement score, achieving 100% employee participation in diversity, equity, and inclusion training, and reaching 40% employee participation in our Business Employee Resource Groups by 2025.

• Achieved 93% employee engagement score in the Great Place To Work Trust Index™ survey
• 82% of active employees have completed a version of DEIB training since its first launch in 2021
• Achieved 35% employee participation in seven Business Employee Resource Groups (BERGs)

1. On April 1, 2022, Workiva acquired ParsePort ApS ("ParsePort"). As of December 31, 2023, our total customer count (6,034) includes 891 ParsePort customers. Unless otherwise stated, certain customer data and GHG emissions data presented relating to 2022, including our claims of achievement of operational net zero emissions in 2022, exclude ParsePort's results. Unless otherwise stated, all measures presented related to 2023 include ParsePort results.
2. Our determination that we achieved operational net zero emissions in 2023 is based on our calculation of our Scope 1, 2, and 3 emissions, which consist of Scope 1 stationary combustion and fugitive emissions, Scope 2 purchased electricity, and Scope 3 upstream leased assets
3. Offsets and Renewable Energy Certificates (RECs) are purchased and retired based on current year emissions and electricity forecasts. The difference between the forecast and actual data will be trued up in the following year. Workiva uses RECs to offset scope 2 emissions. The non renewable electricity purchased and consumed is offset by purchasing and retiring renewable energy certificates. Workiva uses both removal and avoidance carbon credits to offset Scope 1 and 3 emissions.
4. Workiva calculated value of volunteer time utilizing theValue ofVolunteer Time report from Independent Sector and the Do Good Institute. Methodology for this estimate can be found here.

ESG

Governance

Workiva's ESG strategy is anchored by a robust governance structure of internal and external stakeholders, including:

• General oversight by and accountability to the Nomination and Governance Committee of the company's Board of Directors (the "Board"). Our Board committee charters include responsibilities related to ESG oversight as applicable to each of our Audit, Compensation, and Nominating and Governance committees. Detailed descriptions of the duties and responsibilities of each of our committees can be found in our most recent proxy statement.

• An ESG Task Force led by our CFO to ensure forward progress of our ESG targets, and committed to alignment with the United Nations SDGs and the TCFD, GRI, SASB, and CDP. Our ESG Task Force is appointed by our President and CEO and is comprised of executives responsible for the oversight of various priority ESG issues.
• An external ESG Advisory Council comprised of a group of experts who are knowledgeable about global ESG regulation, strategy, practices, and reporting. Leveraging the expertise of our ESG Advisory Council helps us develop relevant products and take actions that are innovative, socially responsible and meet the demands of our stakeholders. In 2023, we welcomed Tensie Whelan to the ESG Advisory Council.

Workiva's ESG strategy and targets are tied to our broader business objectives and embedded throughout our business operations. Our four ESG Workstreams (working groups dedicated to executing on our Innovation, Environment, People, and Philanthropy targets) and ESG Disclosure Group are staffed by subject matter experts and stakeholders throughout the company who help to drive programs and operations to achieve key results.

Workiva's governance structure and practices are designed to enable effective oversight of ESG-related business risks and opportunities, which are incorporated in our enterprise risk management assessment.

ESGE G TaskTaskForce members (includeForcephotos)

EXECUTIVE CHAIR

Jill Klindt	Yasser Mahmud	Emily Forrester	David Haila
EVP & Chief	EVP & Chief	SVP of	EVP & Chief
Financial Officer	Marketing Officer	Human Resources	Technology Officer

ESG Advisory Council

	Paul Dickinson	Amelia Pan
Co-founder & Chair of CDP, founder of Climate	Managing Director, Sustainability & Transition
Week and named to Time's 100 Most Influential
Advisory at PJT Partners, Expert in Residence with
Climate Leaders in Business for 2023 list, co-host of
Extraordinary Women on Boards, Former Partner at
the			podcast with Christiana
Outrage + Optimism
	Brunswick, and host of	The ESG Agenda	podcast
Figueres and Tom Rivett-Carnac

ESG Advisory Council (include photos
Mandi McReynolds	Mike Rost	Brandon Ziegler	Laura Arterburn
VP of Global	SVP of Corporate	EVP & Chief Legal &	VP of Accounting
Environment, Social,	Development &	Administrative Officer
and Governance (ESG)	Investor Relations

Marisa Pettorossi

Erik Saito

Diana Tidd

C-Suite Executive and on the Emeritus Board of Women in ETFs U.S. and the Board of West Africa Village Education (WAVE), Stanford Women on Boards member, Former MSCI Chief Responsibility Officer and Global Head of Index

Tensie Whelan

Distinguished Professor of Practice, NYU Stern Director, Center for Sustainable Business, Advisory Board Member of Glenmede, Nespresso, and ALO Advisors

Paul Druckman

Non-Executive Chairman of World Benchmarking Alliance Board, Board Trustee for Accounting for Sustainability (A4S), Advisory Council Member of Integrated Reporting and Connectivity Council for IFRS Foundation

Senior Director of	SVP & General
Sourcing &	Manager, EMEA
Procurement	& APAC

About This Report

This ESG Highlights document provides information about our performance on ESG topics and contains data and disclosures that cover the period from January 1, 2023, through December 31, 2023, unless otherwise stated. In this ESG Highlights document and our ESG disclosures on our sustainability section of our website, we use the term "material" or "materiality" to refer to Workiva's assessment of ESG priorities to reflect the ESG issues of importance to us and our stakeholders. Used in this context, these terms are distinct from, and should not be confused with, the terms "material" and "materiality" as defined by or construed in accordance with securities law or used in the context of financial statements and reporting. Our financial disclosures for this period can be found in our 2023 Annual Report on Form 10-K.

This ESG Highlights document covers all of Workiva's operations included in its 2023 financial statements, unless otherwise stated. On April 1, 2022, Workiva acquired ParsePort ApS ("ParsePort"). Unless otherwise stated, certain customer data and GHG emissions data measures presented relating to 2022 exclude ParsePort results, whereas other measures presented relating to 2022 include ParsePort information. Unless otherwise stated, all measures presented related to 2023 include ParsePort results and information. Where relevant, data measurement techniques, the bases of calculations, and changes in the basis for reporting or reclassifications or updates of previously reported data are reported as footnotes.

Forward-LookingStatements. Certain statements in this ESG Highlights document are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. Statements of aspiration, future events, or conditions, including forward-looking-statements are sometimes identified by terminology such as "may," "will," "could," "would," "should," "expect," "plan," "anticipate," "intend," "believe," "target," or other comparable terminology. Forward-looking statements in this document may include, but are not limited to: statements regarding our ESG targets, climate-related goals, projects, plans, aspirations, commitments and strategies. By their nature, they are based on current plans, estimates and expectations that are subject to risks, uncertainties, and assumptions. As such, no guarantees or assurances are made that they will be achieved or successfully executed. Any forward-looking statements are made only as of the date hereof, and unless otherwise required by applicable law, Workiva disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Note on Non-FinancialReporting. Note that many of the standards and metrics used in preparing this ESG Highlights document continue to evolve and are based on management assumptions believed to be reasonable at the time of preparation, but should not be considered guarantees. In addition, historical, current, and forward-lookingsustainability-related statements were not prepared in accordance with U.S. generally accepted accounting principles (GAAP) and may be based on standards for measuring progress that are still developing, internal controls and processes that continue to evolve, and assumptions that are subject to change in the future. Except for certain specifically identified GHG emissions data, we have not obtained any third-party assurance for the data provided in this document. The information and opinions contained in this document are provided as of the date of this document and are subject to change without notice. Workiva does not undertake to update or revise any such statements.