HowESGDrivesWorkiva DrivingChange AboutThisSummary KEYESGDEVELOPMENTS GOVERNANCE STAKEHOLDERS MATERIALITY STRATEGY RESPONSIBLEGOVERNANCEPRACTICES VALUECHAIN HowWorkivaAssessesESGMateriality Workiva’sESGTaskForceconductsafullcompanyESGengagementandmaterialityassessmentevery threeyears.ItisavaluabletooltohelpusidentifyESG-relatedriskstoourreputationandfinances,and spotpotentialbusinessopportunities. OurProcess: Ourmaterialityassessmentapproachfollowsthesebedrockprinciples: Planning • Engageandlistentoourstakeholders,aswellastoourindustrypeers AssessexistingWorkivamaterials,includingmaterialsonbusiness • AlignCorePrincipleswiththeUNSDGs 1 operationsandcurrentESGefforts Ourmaterialitymatrixisvitalinthatprocess.Itservesasavisualtoolshowingthe Reviewreportingstandardsandframeworkstouncoverdisclosure importanceofWorkiva’sESGprioritytopicstoourbusinessandtosociety. expectationsfortheindustry Tocreateourmaterialitymatrix,westartwithinterviewsandsecondaryresearch. Conductlandscapeanalysisacrossindustrypeers/competitorstosetthe Thatfeedbackenablesustosub-categorizeandscoreeachESGprioritytopic, stageforESGeffortsanddisclosures basedonitsimportancetoourbusinessandsociety.Finally,weaveragethe sub-categoryscoresandmaptheprioritytopicsinourmaterialitymatrix. GatherInternal&ExternalsInput Interviewinternalstakeholderstouncoverinsights,priorities, Governance Workforce CustomerOfferings Impact 2 opportunitiesandrisksasitrelatestoESG y t i r Diversity,Equity o i Interviewexternalstakeholders(customersand/orpartners)toidentify r CommunityImpact Sustainable &Belonging P t Operations thekeytopicsthatimpactdecisionsregardingworkwithWorkiva s &Engagement e EmployeeExperience h g i &Culture H Employee Innovative Define&PrioritizeIssues Volunteerism Solutions Developinitiallistofmaterialissuesbasedonaggregate y Governance& Privacy& t DataSecurity e RiskManagement 3 findingsfromSteps1+2 i c o Prioritize issuesbasedonimportance,includingESGrisks S o andopportunities t e c EmployeeHealth DefineeachissueanditsrelevancetoWorkiva n &Wellbeing a t r o Responsible p m BusinessPractices ImportancetotheBusiness I Internal Stakeholders ExternalStakeholders BusinessStrategy&Drivers t n Customer a t Engagement r ImportancetoSociety o &Satisfaction p m I Peers&IndustryLeaders SocietalTrends&Ratings ConnectiontoSDGs Important HighestPriority ImportancetotheBusiness Note:Becausethesetopicsareinterrelatedtheyshouldnotbeviewedinisolation. Improvementsinoneareacouldleadtoimprovementsinanother. DRIVINGCHANGE | 6