30th, September 2022

To our Stakeholders,

I am pleased to confirm that Ivalua reaffirms its support of the Ten Principles of the United Nations Global Compact in the areas of Human Rights, Labour, Environment and Anti-Corruption, as reflected in our core operating policies.

Our CSR commitment is profoundly embedded in our vision, affecting both the way we operate and the value we provide to our customers. And while Ivalua’s most impactful contribution materializes through its spend management solutions that empower our global customers to implement, monitor and achieve their own sustainability objectives, our annual Communication on Progress focuses on the way we conduct our business.

Herein we describe our actions to continually improve the integration of the Global Compact and its principles into our business strategy, culture and daily operations. We also commit to sharing this information with our stakeholders using our primary channels of communication.

Sincerely yours,

David Khuat-Duy
Founder & CEO

Ivalua is committed to upholding the human rights of workers, and treating them with dignity and respect as understood by the international community. We fully comply with the UN’s Universal Declaration of Human Rights of December 10th, 1948 as well as the principles of the International Labour Organization on fundamental rights at work, and the UK’s Modern Slavery Act adopted in 2015. This applies to all our workers including temporary, student, contract, direct employees, and any other type of worker.

Applicable company policies:
• Ivalua employee handbook
• Ivalua employee privacy policy
• Ivalua Code of ethics
• Ivalua Supplier Diversity policy

➊ We ensure workers are provided safe, suitable, sanitary and enjoyable work facilities that promote productivity and wellbeing and actively promote policies and safety measures that minimize the incidence of work-related injury and illness.

➋ We actively protect workers from workplace harassment, including physical, verbal, sexual or psychological harassment.

➌ Diversity, equity and inclusion represent a substantial part of our policy and training efforts and we provide opportunities to promote gender parity throughout the company.

In addition to complying with national and international reporting requirements to relevant labour authorities, Ivalua has implemented and strictly enforces several policies and processes that facilitate whistleblowing and aim to prevent human rights abuses in our supply chain. To date, the company has not recorded any such issues.

As a market-leading software development company, hiring, developing and retaining highly skilled people is critical to sustainable growth. we aim to provide great career opportunities for our colleagues and future talent in a competitive market environment. Transformative change is central to our efforts, and we’re continuously building and developing a culture supportive of our people's goals and well-being.

Applicable Ivalua policies:
• Ivalua employee handbook
• Ivalua employee privacy policy
- Ivalua Code of ethics
- Ivalua Supplier Diversity policy

➊ We provide all our employees with competitive compensation and benefits packages in all the markets we operate in. Furthermore, we support our colleagues’ cost of living by contributing to their working-from-home costs.

➋ We ensure that employment-related decisions are based on relevant and objective criteria by mandatory continued development programs for all our people managers. Additionally, Ivalua provides all its employees with full and free access to the vast learning catalogue of Udemy.

➌ Ivalua is not engaged in any form of forced labour, direct or indirect.

➍ Locally adapted emergency and safety responses are in place and reviewed with property managers and third parties to prevent accidents affecting the environment and human health.

• Ivalua constantly reviews its labour practices in order to ensure the development and well-being of its employees.
• Leadership and diversity training is provided to managers to ensure objective and fair performance appraisals

Ivalua recognizes that environmental responsibility is integral to the development and operation of its SaaS core product, and to provide a desirable workplace for our employees. In our operations, adverse effects on the community, environment and natural resources are to be minimized while safeguarding the health and safety of the public.

➊ Ivalua has completed its first externally audited Carbon Emissions Audit for the year ended 2021. During Q4 2022, Ivalua is developing an action plan to actively manage and control its greenhouse gas emissions based on the report’s recommendations.

➋ Ongoing efforts to prevent pollution and/or reduce resources include automatic lighting controls, use of EnergyStar appliances, elimination/reduction of disposable water bottles, paper and office supply recycling, promotion and subsidizing of employee public transportation commuting (train, bus, ridesharing, cycling, etc.) and restrictions on non-essential business travel.

➌ In an effort to raise awareness among employees and off-set stakeholder-related attendance travel for its events, Ivalua works with Treedom to support agroforestry projects in Africa and South America by financing the initial costs of planting new trees, ensuring food autonomy and income opportunities over time.

Having completed our first external carbon emissions audit, we intend to focus on a set of key actions to actively manage our carbon footprint. Furthermore, a series of employee-led grassroots initiatives with specific KPI's and progress monitoring will also be implemented globally in Q4 2022.

Our external partners include:
• Greenly: Ivalua’s carbon emissions audit for the year ended 2021 (detailed report available upon request) and will commit to actively managing and optimising its impact based on the 2021 baseline year
• Treedom: the initiative provides an impact report of our investment (detailed report available upon request)

Ivalua and its agents strive to uphold the highest standards of ethics in compliance with our Code of Ethics, Anti-Corruption, and Trade Sanctions policies, upheld in all business interactions. Ivalua maintains a zero-tolerance policy which prohibits any and all forms of bribery, corruption, extortion and embezzlement.

Applicable Ivalua policies:
• Ivalua Trade Sanctions policy
• Ivalua Code of ethics
• Ivalua Anti-Corruption policy
• Ivalua Sustainable Procurement policy

➊ All business dealings are transparently performed and accurately reflected on Ivalua’s business books and records.

➋ Falsification of records or misrepresentation of conditions or practices in Ivalua’s supply chain are monitored and deemed unacceptable.

➌ Bribes or other means of obtaining undue or improper advantage are not to be promised, offered, authorized, given or accepted. This prohibition covers promising, offering, authorizing, giving or accepting anything of value, either directly or indirectly through a third party, in order to obtain or retain business, direct business to any person, or otherwise gain an improper advantage.

➍ Ivalua delivers employee training and monitors its business activities to ensure compliance with anti-corruption laws.

• To date +90% of all our employees have successfully completed online training pertaining to anti-corruption related company policies.
• All new suppliers - without exception - are actively being vetted and have to accept relevant anti-corruption and ethical standards policies.