1

Report Contents
2

Introduction from our CEO

6

About Kinaxis – Know sooner. Act faster. Remove waste.

7

Acting with integrity
Key resources
ESG commitments

14

Taking care of people
Key resourcesCore values
Diversity, equity, and inclusion (DEI)
Workforce composition
DEI targets and goals
DEI pillars and key initiatives
Developing our teamCompensation and benefits
Engagement
Executive compensation

25

Protecting the planet
Key resources
GHG emissions
Carbon neutrality
Our office programs
Paying it forward with RapidResponse

35

Building trust
Key resourcesIntellectual property
Data security in our private cloud environments
Data privacy

39

Giving backKey resources
Corporate giving
Kinaxis Academic Program

42

Appendix 1 – SASB Metrics

46

Appendix 2 – Alignment with Task Force on Climate-Related Financial
Disclosures
1

Introduction
from our CEO

Acting with integrity

Our world continues to be a challenging place.
Although the COVID-19 pandemic appears to be

Previous work has seen us create a governancebehind us, the resilience of our social fabric andstructure that ensures our opportunities andof our planet continues to be tested by new andimpacts around environmental and social

unexpected challenges. Whether it's cost-of-living

considerations are both accountable at thecrises, water scarcity, war or human rights abuses, ithighest level of our organization, the Kinaxis

remains clear that businesses have a significant role

Board of Directors, and influenced at every

to play and an obligation to our communities andlevel through an environmental, social, andour planet. Kinaxis takes this obligation seriously

governance (ESG) committee. We remain

and, as one of five pillars of our strategy, remains

committed to the United Nations Global

committed to doing its part to create a sustainable

Compact and its ten principles, which addressand socially responsible future. We hope this reportareas of human rights, labor, environment andhelps our communities understand our ongoinganti-corruption, to advance broader societal goals

progress and the work ahead of us.

and address the world’s critical challenges.

2

Taking care of people
Creating an environment where our diverse
team feels welcomed, safe and free to bringits talent and creativity is paramount to us as asoftware company.
We continue to prioritize diversity, equity andinclusion (DEI) in our business. We introduced DEI
targets and objectives for the first time in 2021
which laid the foundation for our journey. In 2023
our targets will focus on driving gender equality,
improving measurement and transparency, anddriving DEI globally while implementing locally.
Our annual engagement survey continues tomaintain strong participation from our team, witha better-than-benchmark overall engagement
index score of 87%. Of key importance to our
DEI plans, 94% of our participants feel that their
manager respects and is committed to diversity
and inclusion.

Protecting the planet
RapidResponse helps our customers reduce
wasted supply components, avoid expired
products, reduce excessive (and often discarded)
end-product inventory, and ensure critical goods
like pharmaceuticals are available when and where
needed. Sustainability is a key part of our businessmodel and remains integral to what we do.
At our annual customer community conference
Kinexions, we unveiled new product innovations
including, Sustainable Supply Chain – a new

3

Giving backsolution that allows companies to embed
emissions factors (including Scope 3 emissions)

One of our core values recognizes that we are

directly into RapidResponse to design scenarios

global citizens, so taking care of our own people

that will estimate, and simulate supply chain-alone isn’t enough. Through a matching program,

related CO₂e in real time.

we let our global team guide significant aspects

With ever-increasing emission disclosureof our giving, but we also provide charitable

requirements coming into effect, we continue

contributions to organizations aligned withto anticipate and stay ahead of potential

our values and when important opportunities

requirements. We continue to both enhancepresent themselves.

our disclosures under the Task Force on Climate-

Investing in supply chain talent remains critical

Related Financial Disclosures recommendations

to our industry and in ensuring that we leaveand publish our GHG emissions inventory. We

our craft in better shape for future generations.

are once again offsetting the full balance of our

In 2022, Kinaxis reached over 3,600 students at

Scope 1, 2, and 3 emissions through EcoLogo

leading universities, globally and collaborated

certified Renewable Energy Certificates and third-with academic leaders at Columbia University,

party verified carbon offsets.

Massachusetts Institute of Technology, theUniversity of Toronto, National University of

Building trust

Singapore, Cambridge University, and University

As we handle and process data for many

College Dublin, to name a few.

Fortune 500 global leaders and other major
companies, building trust through the highest

The work – and opportunities – ahead of us

levels of innovation, data security, and privacy

are monumental. We are committed, at theare foundational elements of our business.

highest levels, to the safety, preservation and

We are aligned to key global data privacy andsustainability of our communities and our planet.

security standards.

We welcome feedback along the way and lookforward to building a better future, together.

To protect our valuable intellectual property,
as of December 31, 2022, we have been issued
26 patents globally and have over 100 patents
pending in various jurisdictions. We also went livewith Microsoft Azure and Google Cloud as part ofJohn Sicard, President and Chief Executive Officer,

our shift to a public cloud infrastructure.

Kinaxis Inc.

4

Kinaxis' ESG performance is being
recognized by key rating agencies.
Kinaxis has received top marks from several key ESG rating
agencies, including our recent Triple A designation from
MSCI, and our inclusion in Sustainalytics’ 2023 Top-Rated ESG
Companies list, in the software category.

A leader in supply chain planning
Everyday volatility and uncertainty demand quick action. Kinaxis® (TSX:KXS)
delivers software-as-a-service (SaaS) solutions that enable the agility tomake fast, confident decisions across integrated business planning andthe digital supply chain. People can plan better, live better and change theworld. Trusted by innovative brands, we combine human intelligence with
AI and concurrent planning to help companies plan for any future, monitor
risks and opportunities, and respond at the pace of change. Poweredby an extensible cloud-based platform, Kinaxis delivers industry-provenapplications so everyone can know sooner, act faster and remove waste.

5About Kinaxis – Know sooner. Act faster.
Remove waste.
Headquartered in Ottawa, Ontario, with over 1,750 employees working from offices and home offices around the world, Kinaxis
is revolutionizing supply chain management. We deliver the agility companies need to make fast, confident decisions in an
unpredictable world, driving end-to-end supply chain orchestration from planning through delivery. We combine human
intelligence with AI and our unique concurrency technique so customers can plan better, live better, and change the world.
With RapidResponse, customers:

Know sooner.

Act faster.

Remove waste.

Break down silos, eliminate

Embrace volatility, build resiliency,

Leverage AI, machine learning andredundancies, and cultivate trustand seize opportunities with theprescriptive automation to maximize

with end-to-end visibility andagility to execute – no matter what

efficiency, boost productivity andtransparency across a supply chain

comes along.

drive sustainable decision-making.

planning and execution network.

We really are a leader in the supply chain management
space and being a part of that journey as we growas a company is very exciting. At Kinaxis, we have aphilosophy of trying new things and I think that's whatmakes it really exciting for anyone in the tech space."
DILLON VERHAEGHE, SOFTWARE DEVELOPER 2, DEVELOPER FRAMEWORK, KINAXIS

6

Acting with integrity

Helping world-classcustomers help you

Kinaxis has tightly integrated ESG into our governancestructures and our corporate strategy. Corporate governanceultimately rests with the Kinaxis Board of Directors, theprimary function of which is to supervise the managementof the business and affairs of the company. The fundamental
objectives of the Kinaxis Board are to enhance and preservelong-term shareholder value and to ensure that Kinaxis
conducts business in an ethical, sustainable, and safemanner. In performing its functions, the board considers thelegitimate interests that stakeholders, such as employees,
customers, communities, and the environment, may have inour business. Management is responsible for the day-to-day
conduct of the business. One of Kinaxis’ five core strategicpillars relates to committing to a sustainable, socially
responsible future.

Key resources
Our corporate governance is discussed comprehensively
in several key documents, which include:
Management Information Circular
The primary document to inform shareholders about ourgovernance practices so they can vote in an informed way
at our annual shareholder meeting. Among other topics, it
discusses our directors and their backgrounds, our board
committee structure, Kinaxis’ approach to governance, andexecutive compensation.
Code of Conduct
Sets out the high standards of ethical behavior we expectof everyone at Kinaxis. The code applies to directors,
officers, and employees and is a core document to help
the team apply our values to every business transactionand every business relationship to help Kinaxis growrapidly in an ethical, sustainable, and safe manner.
7

Anti-Bribery and Anti-Corruption Policy
Sets out Kinaxis’ commitment to full compliance by its

Our ESGgovernancestructure

officers, directors, employees, consultants, contractors,
agents, and third-party service providers with Canada’s
Corruption of Foreign Public Officials Act and any local
anti-bribery or anti-corruption laws that may be applicable.
The policy complements our Code of Conduct andWhistleblower Policy.

Nominating andgovernance committeeof the board

Whistleblower Policy
Outlines the procedures in the event of any complaints orconcerns of employees regarding accounting and auditing
matters, violations of Kinaxis’ Code of Conduct, or anyapplicable law, rule, or regulation. Complaints or concerns

Executive leadership teamcan be made anonymously, if desired, and retaliation by
the board, management, or any other person or group,

directly or indirectly, is strictly prohibited.

Chief Legal Officer

Vendor Code of ConductSummarizes Kinaxis’ expectations of third parties providing

Cross-functional ESG
steering committee

products or services to Kinaxis (including vendors, partners,
consultants, and contractors) and reflects Kinaxis’ concern
for all individuals, including its vendors’ workers. Local
customs and laws vary by country, but the importanceof human rights is universal, and this code is intended toreflect that importance.
Insider Trading Policy
Outlines the requirement for all directors, senior officers,
employees, consultants, and others to follow all applicablelaws, rules, and regulations pertaining to the purchaseand sale of shares of Kinaxis, including those of Canadiansecurities legislation and the policies of the Toronto Stock
Exchange. The policy discusses the significance of material
information, trading blackout periods, insider filings,
prohibition of tipping, and other critical information.

8

Kinaxis Health and Safety Policy
Establishes our interest in and responsibilities related to

Sustainability
and social
responsibility
embeddedin corporate
strategy

the health and safety of our employees.
In these key documents and policies, and others, weaddress important corporate governance matters andhow to speak up when we think there may have been aviolation of policy:
Respecting each other•

Diversity, equity, and inclusion•

Harassment and discrimination•

Health and safety

Doing what’s right•Anti-bribery and anti-corruption•

Relationships with suppliers•

Fair competition•

Gifts, entertainment, and hospitality

Our corporate strategy,
which guides theobjectives, decisions, andefforts of every Kinaxis
team member, includes
five core elements. Oneof those is committing toa sustainable and socially
responsible future.

Protecting our company•

Privacy and confidential information•

Safeguarding physical and electronic assets•

Accurate recordkeeping•

Conflicts of interest•

Inside information and trading•

Responsible communications

Being good neighbors•

Human rights•

Community involvement and sustainability•

Political activities

At Kinaxis, we don’t allow any form of retaliation (such as firing,salary reduction, or other negative job actions) by anyone
against those who speak up in good faith.

9Kinaxis remains part of the
UN Global Compact
With a network of more than 12,000 companies and 3,000 nonbusiness signatories in over 160 countries, the United Nations
Global Compact is the largest corporate sustainability initiative inthe world. Its Ten Principles address areas of human rights, labor,
environment, and anti-corruption and represent the fundamental
values that businesses can and should embed in their daily
strategies and operations to advance broader societal goals suchas the UN Sustainable Development Goals and the 2030 Agenda toaddress the world’s critical challenges.

10ESG governance and risks
Governance structure
Our accountability structure for ESG starts with the Kinaxis
Board and filters through every aspect of our organization.
Led by our risk management leader, our cross-functional
ESG steering committee reports to our Chief Legal Officer,
who in turn brings ESG matters to the full executive teamand regularly reports findings and recommendations backto the nominating and governance committee of the board.
Six of our seven independent directors self-assessed ashaving experience in, or understanding of, internal risk
controls, risk assessment, risk management, and/or risk
reporting, including risks related to environmental and social
issues. The same number self-assessed as having experiencein, or understanding of, sustainability and ESG matters.

ESG risks
ESG is fully integrated with and has its own distinct
category within our comprehensive enterprise risk
management (ERM) program, which harmonizes
risk management procedures and practices acrossthe organization. To date, we’ve focused on various
aspects of enterprise risk, including risk identification,risk prioritization, risk assessment and treatment, risk
monitoring, and reviewing our risk governance structure
annually. Our ERM program establishes clear risk oversight,
drives accountability, and integrates risk management into
our day-to-day operations and decision-making. Working
with the executive leadership team, our Chief Legal Officer
is responsible for facilitating and overseeing the ERM
program and reports regularly to the Audit Committee ofthe board as well as the full board.

11

As part of our ERM work, we have identified 12 specific ESG topics in our enterprise risk universe, which have beenassessed against a materiality matrix and categorized as tier one through three based on our interpretation of their impact
to our business and importance to our stakeholders. While all 12 are important and require some degree of monitoringand management, we deem only two of them as rising to the level of a key enterprise risk: (1) privacy and data securityand (2) talent management. Under the ERM program, these two key enterprise risks are closely monitored and reported onquarterly by the risk management team. The remaining ten ESG risks are addressed through our ESG program.

ESG reporting standards
Disclosures in this report are informed by the Sustainability Accounting Standards Board (SASB) framework for softwareand IT services companies (see Appendix 1 for related metrics). Although we currently don’t assess any climate-related
issues as a key corporate risk, we have also initiated disclosures under the Task Force on Climate-Related Financials
Disclosures framework, which can be found in Appendix 2.
Our GHG inventory calculations (see Protecting the planet section) were made with the assistance of our independent
consultant, Carbonzero, and in accordance with the Greenhouse Gas Protocol: Corporate Accounting and ReportingStandard, which is the leading corporate guide for emissions measurement and reporting. Carbonzero also advises on ourpurchases of third-party verified carbon offsets.

12

ESG commitments
We have made four core commitments that drive our ESG strategy:
1. Protecting our planet by doing what we do best. Creating a sustainable future is not only a key aspect of how werun our own business, but by combining human intelligence with AI and concurrent planning, we also empower ourcustomers to make the best possible decisions for their businesses and the world.
2. Taking care of people. People matter here is the foundation of our culture. Our teams are spread across the world,and each one is just as important to us as the next. We take great care in cultivating a socially conscious culture where
we are all empowered.
3. Giving back. We know we are all global citizens. We support our communities and the causes where we can make themost impact.
4. Building trust through integrity. We believe in our responsibility to build trust with all our internal and external
stakeholders – through openness, transparency, and accountability, including the protection of all our stakeholders’ data.
Consistent with these statements, Kinaxis has committed to focus on contributions towards six key United Nations
Sustainable Development Goals.

13

Taking care of people
One thing that remains a constant at Kinaxis is that people matter here. These are the three words we use every day todescribe our culture – and that will never change. It’s in our DNA.

Key resources
We have codified our people-matter-here culture in a number of key, publicly available documents, including our Code of
Conduct, as described earlier. This important document clarifies our stand against human rights abuses, including forcedlabor, human trafficking, child labor, and many others, and also to recognize employees’ right to freedom of association.
Other critical policies also play an important role in determining how we show up.
Our Positive Workplace Policy lays out our commitment to treat every employee with dignity and respect and to have zerotolerance for discrimination, harassment, sexual harassment, and violence. It establishes our commitment to fair treatmentof employees, upholding human rights, and paying fair wages. The policy lays out clear steps to follow should anyone beconcerned about workplace behavior.
Our Vendor Code of Conduct summarizes Kinaxis’ expectations of its vendors and reflects Kinaxis’ concern for all
individuals, including its vendors’ workers. Local customs and laws vary by country, but consistent with our membershipin the United Nations Global Compact, we support the importance of human rights as universal, and this code isintended to reflect that importance.
Our Management Diversity Policy sets out the importance of diversity by gender, age, disability, sexual orientation,
geographic representation, Indigenous status and ethnicity, and executive leadership of Kinaxis takes these characteristics
into consideration when hiring and promoting individuals to management.

At Kinaxis, 'People Matter Here' is not just a slogan. My
managers see the full value in my contributions andthey always support me to become more successful in
my career."
CLAIRE WU, SENIOR SOFTWARE DEVELOPER,QUALITY ASSURANCE – FRONT END TECHNOLOGIES, KINAXIS

14Core values
As Kinaxis continues to experience rapid growth and global expansion, we work to ensure that our values are relevant
today and will remain so into the future. At Kinaxis, we look for and celebrate six core values in our team: be real, be
empowered, stronger together, laugh often, be customer centric, and be a global citizen.
To continue to attract and retain the very best people, we leverage our core values to make three fundamental promises toour team – our employee value proposition:•

Challenging work. Team members are encouraged to embrace and empower their own unique ingenuity andinnovation and apply them to the very complex problems that Kinaxis solves. We offer opportunities for personal
growth and learning, as well as for contributions to the growth and scale of Kinaxis.

•

Great people. We are authentic and human, caring for and supporting one another, inside and outside work. This
creates high trust within the team, approachable leaders, and the collaboration across functional boundaries that is a
big part of delivering value to our customers.

•

Global impact. We are a global team, spanning boundaries, locations, and languages, and are active in our myriad local
communities. We are also a part of the larger global community that celebrates individual differences and diverse cultures.

Our core values

Be realBe empowered

Stronger together

We are authentic and respectful, andWe are an empowered group of

We know the whole is greater thanwe act with integrity.

problem-solvers, thinkers and doers.

the sum of our parts.

Laugh often

Be customer centric

Be a global citizen

We laugh, have fun and joke aroundWe feel great pride in and a deep

We are connected as a global team,– it’s how we build meaningfulconnection to our customers – bothactive in our communities and here

relationships.

internal and external.

to make the world better.

15

There were a lot of great things that came with joining
Kinaxis – like how great the team really interacts
together and the collaboration that comes from ourimmediate team and our executives."JENNIFER SUCKEY, RVP, NORTH AMERICA SALES WEST, KINAXISOur cross-functional, global Culture Ambassador Group plays an important role in bringing our culture to life within
our teams. Our 20 culture ambassadors meet monthly to identify and plan ways to promote, drive, and shape culture
throughout the organization. The group’s goals include:•

Ensuring Kinaxis culture is strong across borders and functions•

Supporting business strategy and goals•

Increasing employee engagement and satisfaction•

Ensuring our culture is inclusive and reflects diversity

Diversity, equity, and inclusion (DEI)
Because people matter here, diversity, equity, and inclusion (DEI) are more than just words to us. They are the guiding
principles for building a company culture that celebrates each other’s differences, strives for equality, and recognizes that
inclusion makes us stronger as individuals, as a company, and as global citizens. We are committed to removing barriers at
all stages of both candidate and employee lifecycles.
Our annual company-wide engagement survey includes key questions related to DEI. With a strong response rate of 83%,
the survey demonstrated positive sentiment with respect to the team’s impressions about diversity, equity, and inclusion
at Kinaxis. Overall, we received an impressive 87% favorable engagement index score, with some very encouraging resultson key measures:•

95% feel we treat each other with respect•

95% feel they are an accepted member of their team•

94% feel that their manager respects and is committed to inclusion and diversity

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Workforce composition
In Appendix 1, we report on Sustainability Accounting Standards Board (SASB) metrics for software and IT services
companies, including those relating to workforce composition. At a summary level, across the globe, 28% of our workforce
identify as women and 3% as people with disabilities. In Canada, 40% of our employees identify as visible minorities and
1% as a member of an Indigenous group. Of our team in North America and Europe, 4% identify as LGBTQ+.
In 2022 we identified key roles (which included all management roles) and took additional steps to diversify our candidate
pool with qualified candidates when recruiting for those roles. While overall workforce diversity has remained level, theproportion of women at the director level globally increased to 26% in 2022, up from 21% in 2021 and 17% in 2020.
Women

Visible minorities1

Employees withdisabilities

Indigenous
groups2

LGBTQ+3

All employees

28%

40%

3%

1%

4%

Management (teamlead or above)

36%

36%

2%

1%

1%

Senior management(directors and above)

26%

16%

1%

0%

5%

Executive team

25%

0%

0%

0%

0%

As of November 8, 2022

1
2
3

Canadian employees only
Canada only
North American and EU only

Diversity

EquityInclusion

Diversity is understanding, accepting,

Equity is the guarantee of fair

Inclusion is the creation of aand valuing differences between

treatment, access, opportunity, andcollaborative, supportive, andpeople including, but not limited to,advancement for all while identifying

respectful environment where all feel

ethnicity, culture, birth sex, religion,and eliminating barriers that prevent

welcome, respected, and comfortable

and neurodiversity.

full participation of underserved andsharing their own perspectives.

underrepresented populations.

17

DEI targets and goals
We introduced diversity, equity and inclusion (DEI) targets and objectives for the first time in 2021 which laid a key foundationfor our DEI journey. We are continuing to build on this work and set the following targets and objectives for 2023:
Objective #1
Drive gender equality through:•Enhancing maternal/parental leave management to better align to the United Nations Global Compact WEPs Gender
Gap Analysis Tool•

Reducing bias in the performance management and promotion process and achieving improved scores aroundpromotion/advancement opportunity topics on our Annual Engagement Survey•

Ensuring at least 30% of the Board of Directors are women•

Maintaining the DEI Sentiment Score1 on our Annual Employee Engagement Survey above industry best-in-classbenchmark (above 85%)•

Strengthening talent acquisition by focusing on diverse talent sourcing methods as well as recruitment marketing. We
aim to maintain a candidate pass rate2 difference by gender of under 5% by detecting and addressing any potential
bias in hiring

Objective #2•

Improve measurement and transparency by achieving 85% completeness for DEI data (gender, sexual orientation,
disabilities)

Objective #3•

Drive DEI globally and implement it locally, initially through engaging a local consultant in India to define diversity
objectives and identify barriers to effective DEI in the region (Phase I) by the end of 2023

DEI targets and objectives apply to all members of the executive leadership team as of the beginning of 2022. They were
initially set as priorities for the President and CEO and the Chief Human Resources Officer in 2021.

DEI pillars and key initiatives
We have several key DEI initiatives in place, structured across four key pillars that drive our work:

Promote employee training and awareness
DEI training. All new employees are enrolled in training courses for diversity and in inclusion fundamentals andunconscious bias. We also offer a variety of learning opportunities throughout the year such as workshops, webinars andmonthly DEI articles on Kinect – our internal communications platform.
1
2

DEI Sentiment Score represents an average score based on response across nine DEI specific questions in the Annual Engagement Survey
Pass rate represents the rate at which candidates from different groups advance from one step of the hiring process to the next18

Give employees a voice
Employee resource groups (ERGs). Our employeeled groups provide a space for people who share an
identity (for example: gender, lifestyle, ethnicity), or alliesof these groups to support each other in personal growthand career development, and to foster and encourage adiverse and inclusive workplace. These resource groups
strengthen employee engagement, provide networking
opportunities among the workforce, and most importantly
give us insights into employee needs. Our key employee
resource groups include:•

E XC E L L E N C E AT K I N A X I S

Women in Kinaxis (WIK). The mission of WIK isHIGHLIGHT

to support women, promote our organization to

Emma Mohns

prospective female candidates, promote STEM careers
to girls and women and help provide an environment

Emma Mohns is Senior Legal Counsel,

that enables women to be successful.
•

Corporate at Kinaxis. Originally from

RainbowResponse. The mission of RainbowResponse

Manitoulin Island, she is of mixed Ojibwe-

is to make LGBTQIA+ feel increasingly safe to besettler heritage and is a proud member

themselves at work.
•of Wiikwemkoong Unceded Territory.

Indigenous Allies. Our Indigenous Allies group

Emma was recognized this year as part

creates a safe space for Indigenous employees andof Ottawa’s Top Forty Under 40 for her

their allies to discuss their issues of concern and bringbusiness accomplishments, professional

positive change.
••

experience, and community involvement.

Women in India. The mission of Women in India is to

Outside of work, she’s involved with not-empower the women of Kinaxis in India and to promote

for-profit organizations such as Trans

a women-friendly culture and better work-life balance.

Canada Trail and Sustainable Development

Parents. The main purpose of the Parents ERG is

Technology Canada.

to provide an informal group for community andsupport to parents at Kinaxis.
Employee-led events. We host or participate inemployee-led events such as quarterly Women in Kinaxis
Roundtables, TransTech, external speakers and Capital
Pride Parade.

19

Provide inclusive and equitable
programs
Gender pay equity. We perform an annual gender
pay equity analysis, which considers the compa-ratio(annual salary/range mid-point) between team members
identifying as men and those identifying as women in thesame job category and report results to the board. Globallyin 2022, the gap was 1%, which was addressed on an
individual basis, as appropriate.
Diversity, Equity, and Inclusion (DEI) Committee. The DEI
Committee includes 32 members from different parts of theworld, departments and marginalized groups that lend theirperspectives to interview questions, talent assessment, andleadership and team training materials, as well as other key
initiatives. Their mandate is to provide feedback and ensure
our programs are aligned with the Kinaxis strategy and meetthe needs of our diverse workforce.
Autism@Work. Our Autism@Work program has a targetof ensuring 1% of our employee population is on theautism spectrum. The program has added diversity ofthought and innovation to our R&D team, while also
helping to build our competitive advantage.

Indigenous
Peoples' Day
seed planting

Inclusive facilities. We offer inclusive facilities with multifaith/multi-purpose rooms, gender neutral washrooms, a
low sensory room and a lactation room.

Create meaningful partnerships
Indigenous Allies. Our understanding of Canada’s
troubling history with Indigenous peoples and theresidential school system continues to deepen. The

Truth and Reconciliation Commission’s report lists 94 calls to action, including how Canadian business can support
reconciliation, through building respectful relationships, providing equitable access to jobs, training, and education, andproviding education on the history of Indigenous peoples to corporate management and staff. Our Indigenous Allies
group creates a safe space for Indigenous employees and their allies to discuss their issues of concern and bring positivechange. Members of this group have, led a land-acknowledgement ceremony at the opening of our new Headquarters

20

in Ottawa, Ontario; led Robotics Workshops for Indigenous youth in partnership with IndigeSTEAM; facilitated our
engagement with Indigenous consultants and experts; and organized events by Indigenous performers and educators.
Broad partnership network. We continue to partner with the Canadian Center for Diversity and Inclusion and remaina member of Indigenous Works’ Leadership Circle. We participate in Target Gender Equality through UN Global Compact
Network Canada. Through the Kinaxis Academic Program, we take part in events and podcasts aimed at encouraging
women to participate in data science and the growing supply chain craft.

Developing our team
The challenging work we offer, the quality of people we hire, and our rapid growth drive the need for ongoing teamtraining and development and result in a highly engaged team that is looking to make a difference.

Programs
Our structured onboarding process includes a digital curriculum that walks new team members through the information
they need to become effective in their role as quickly as possible. We offer a number of ongoing learning anddevelopment opportunities to assist with each step on a career path.
Dedicated quarterly development time. Each quarter, employees in various departments are asked to dedicate timeto prioritize their training and development using internal and external resources best suited to their needs. The goal is toproactively promote ongoing team development in a schedule that allows for significant flexibility.
Mentorship. All team members across the globe are invited to take part in our ever-growing mentorship program, which
now includes over 318 participants, up more than 40% from last year. Anyone who feels they have something to offer can
be a mentor, and anyone can ask for mentorship. Enrollment is open throughout the year. The program is designed toenhance networking, encourage knowledge sharing, support professional development, and foster guidance between
colleagues across the business and around the world.

Kinaxis gives you a lot of opportunities to learn andgrow in a professional career while also helping tosolve exciting challenges in the supply chain industry."
PRASHANTH SANKAR, SOLUTIONS MANAGER, PROFESSIONAL SERVICES, KINAXIS

21

Leadership training. Our constantly developing
leadership program provides emerging and existing

A great place
to work!

leaders guidance on enabling performance and beinga role model coach to best support a highly productive
team. Our program draws from leading independent
consulting firms to deliver instructor-led and self-led

We are proud to be recognized as alearning experiences that allow leaders to guide their

top employer and a great company.

professional development. Our Manager Playbook is a

These accolades are a testament to thefundamental learning tool for new managers and those

exceptional workplace we strive to create.

new to managing at Kinaxis.

In 2022 Kinaxis was named one of India’s

LinkedIn Learning. Team members have access toGreat Mid-Size Workplaces. Great Place toLinkedIn Learning, an online training platform that allows

Work® Institute’s methodology assesses

users to refine and develop professional skills, learn aboutcompanies through two lenses – the quality

new tools and technologies, and explore other areas ofof employee experience and the quality

interest in support of individual growth through a highlyof people practices through the entire

personalized and engaging learning experience.

employee life cycle. Their methodology is
considered the gold standard for defining

Professional development. We pay for memberships ingreat workplaces across business, academic

professional associations and for fees related to relevant

and government organizations.

conferences and events to ensure our team stays at theforefront of their professions. In all, we budget 1.5% of

In 2023, Kinaxis was also recognized as one of

our salaries to training and development, whether for

the National Capital Regions Top Employers

professional development to develop or enhance newskills, or continuing education towards a new degree.

Compensation and benefits
We annually benchmark pay against four different salarysurveys, globally and relevant to our industry. Using a thirdparty advisor, we benchmark our global benefits plans
annually to ensure we are providing highly competitive
regional coverage we can for our employees.
To help ensure fair, non-discriminatory pay, our job
accountability framework requires job descriptions for

Certified

all roles and that each role be assigned to a job category

OCT 2022 – OCT 2023
INDIA

associated with a pay level. We perform annual gender pay
equity analysis, as described above.

22

Our compensation packages can include the following components:•

Short- and long-term incentives. Annual bonuses, tied to individual and corporate performance, all tied to high-levelstrategic objectives, and long-term equity-based incentives, including performance share units, restricted share units,deferred share units, and stock options.

•

Retirement. For our North American and Indian employees, a matching, capped contribution to retirement savings plans.

•

Share purchase plan. Employees can voluntarily direct up to 10% of their base salary to purchase shares, and Kinaxis
will match 20% of employee contributions.

•

Maternity/parental leave top-up. Pays all new biological and adoptive parents for 12 weeks to top up their basesalary to 100%.

•Comprehensive insurance. Covers disability, life, accident, and health insurance, including gender affirmation
coverage and expanded mental health coverage.

•

Flexible vacation policy. No fixed limit on annual vacation.

•

Kinaxis Days. The last Friday of every month is a day off for all employees, globally, to take a shared mental health break.

•Health and well-being. Our global Employee Assistance Program provides access to various health and financial
wellness resources. The team also enjoys access to events and programs that feed the mind, body, and soul. Our own
internal fitness and nutrition programs offer options that support everyone’s health and well-being. Activities include
meditation exercises, nutrition advice, injury prevention, learn-to-run webinars, fitness challenges, virtual races, andweekly yoga classes. We run annual, company-wide hackathons to allow team members to think outside of their own
corporate box and employee showcases to let our people demonstrate their own unique skills and interests.

As pandemic restrictions started to ease in 2022, we returned to offices using a hybrid approach. Today, all team members
located near one of our primary offices continue to have the opportunity to work part of their week from home. This
flexibility is core to our people-matter-here culture.

There is a real commitment to fitness and activity
unlike anything I have ever seen. We have events,
trackers and goals and the community participationand encouragement is really quite astonishing."
ZACH SIDWELL, ACCOUNT EXECUTIVE, NORTH AMERICA EAST, KINAXIS

23

Engagement
Our annual engagement survey for 2022, which is fully anonymous and implemented by an independent third party,
continues to demonstrate a highly engaged team, despite the continued effects of unprecedented challenges in the labormarket brought on by the 2020 pandemic.
The survey looks at several aspects of working at Kinaxis: our culture, work environment, leadership, career growth,learning and development opportunities, teamwork, and more. The results are benchmarked against 170 technology andprofessional services facilities around the world and 215,000 individual survey responses. Our overall engagement index
score remained exceptionally high at 87%, no change from the previous year, and higher than the industry benchmark.
Encouragingly, there were no significant differences in this overall score across gender, age, tenure, and generations. We
also continue to score extremely well against key criteria, including:•

89% would recommend Kinaxis to a good friend•

96% feel that they are an accepted member of their teamThis high level of employee engagement has translated to better-than-market retention. While average employee
turnover in the software business is typically high at around 10% – 15%, in recent years and due primarily to the impacts of
COVID-19, industry turnover rates have ballooned to 20% – 25%. Kinaxis typically experiences turnover between 10% and12%. In 2022, we and saw turnover of approximately 12% despite ongoing unusual circumstances in the labor market.

Executive compensation
We compare our executive compensation to that of a group of 17 similar public companies. At our 2023 annual meetingof shareholders, Kinaxis held its latest advisory “say on pay” vote, wherein shareholders voted over 96% in favor of ourapproach to executive compensation. Full details on the approach to management and board compensation can befound in our Management Information Circular.

24

Protecting the planet
Kinaxis recognizes the urgency of the global climate change crisis and is committed to improving our management
practices around climate risks and opportunities. We have integrated our climate risk analysis with our existing enterprise risk
management program to build a more holistic approach to our processes. Climate change is a systemic and accelerating
challenge requiring a concerted global effort, and while Kinaxis does not currently deem any immediate climate-relatedrisks to be material to the company, we have identified several that could impact our business over time. We will continue toactively manage and monitor the most significant risks and opportunities and support the aims of the Task Force on ClimateRelated Financial Disclosures (TCFD) to bring transparency around climate risks into corporate reporting.

Key resources
See Appendix 2 to this report for our current disclosures under the TCFD framework.

GHG emissions
Since 2019 and with the help of independent consultants Carbonzero, Kinaxis measures and discloses its impact on theenvironment by identifying our direct and indirect greenhouse gas sources, covering Scopes 1, 2 and 3 activities. Direct
and energy indirect emissions (Scopes 1 and 2) make up 8% of our total emissions, while other indirect emissions (Scope3) comprise 92%. In Scope 3, our main sources of emissions, by far, are business travel (by air) and electricity usage fromour data servers. With the pandemic winding down throughout 2022, our travel patterns have begun to normalize. Further,
due to access to higher quality and quantity of data for 2022 compared to prior periods and changes to vendor reporting
methodologies in Scope 3, we’ve made updates to our 2022 GHG figures – details are provided below.
25

Emissions-generating
activities

2022

2021

2020

% of 2022
tCO2e

2022 v
2021

2022 v
2020

Scope 1 GHG Emissions – Direct GHG
Emissions1

247.00

37.00

12.11

4%

569%

1944%

Stationary combustion – natural gas

247.00

37.00

12.11

4%

569%

1944%

255.49

44.62

46.88

4%

473%

445%

255.49

44.62

46.88

4%

473%

445%

5,405.24

3,700.14

3,869.25

92%

46%

40%

Leased assets

58.48

50.98

39.39

1%

15%

48%

Data servers

728.973,226.22

2,396.66

12%

-77%

-70%

Business travel – air

3,997.89

191.63

1,182.42

68%

1986%

238%

Business travel – hotel stays

211.99

45.54

7.78

4%

366%

2623%

Business travel - vehicle mileage & car rentals

124.94

43.11

45.33

2%

190%

176%

Business travel – rail

10.63

3.05

0.03

0%

248%

37532%

Remote work

272.33139.61

197.64

5%

95%

38%

5,908.17

3,781.77

3,928.24

100%

56%

50%

Scope 2 GHG Emissions – Energy
Indirect GHG Emissions1
Purchased electricity (market-based)

Scope 3 GHG Emissions – Other
Indirect GHG Emissions

GHG Inventory Total

1

Tonnes CO2-equivalent (tCO2e)

Significant increases to the company's Scope 1 and 2 emissions are directly related to a.) the opening of Ottawa HQ, our new, significantly larger head officein Ottawa, Ontario, which we occupied in 2022, and its related natural gas use and b.) transitioning Kinaxis' India-based offices into the Scope 1 & 2 control
boundary, which significantly increased Scope 1 and 2 emissions.
Kinaxis acquired MPO in August 2022. While MPO's GHG emissions are reported in Kinaxis' 2022 GHG Inventory, data was not available for 2019 to 2021 andrelated emissions are not included in those years.

26

Notable Scope 1 and 2 and GHGgenerating activities
Operationally controlled real estate. Our largest
offices include our headquarters in Ottawa and offices in
Chennai, Toronto, and Tokyo. Kinaxis is deemed to haveoperational control over the utilities at the Ottawa, Toronto
and Chennai offices. As a notable change from prior year,
utility metering improvements in 2022 have allowed for
Kinaxis' three offices in India to be moved into the Scope 1& 2 boundary by way of having Kinaxis-metered data fromJanuary 1, 2022 onwards (Note that these offices utilities
are reported in Scope 3 - Leased Assets for 2019 - 2021,
and only brought into the Scope 1 & 2 control boundaryfor 2022, which is when metered data specific to Kinaxis
became available.).
Kinaxis purchases EcoLogo certified Renewable Energy
Certificates (RECs) to match 100% of grid electricity
consumption at Ottawa HQ. In the absence of thisprogram, Scope 2 electricity emissions at Ottawa HQ
would have amounted to 41.81 tCO₂e, while total Scope 2
GHG emissions in 2022 would have amounted to 297.30
tCO₂e, under the location-based accounting method.

Notable Scope 3 GHG-generating
activities
Data centers. We deliver RapidResponse as a software as aservice (SaaS) offering from our servers, which are primarily
hosted at global colocation facilities operated by Equinix,
a company broadly recognized for its ESG initiatives. As afirst step in its climate change reduction strategy, Equinix
established a 100% renewable energy target in 2015. It has
since achieved 95%. In 2021, it expanded the scope of its
commitments to include both a science-based target andclimate neutrality, furthering its alignment with the aims ofthe 2015 Paris Climate Agreement.

27

tree-nation.com/profile/kinaxis

25975
Trees planted

21.48

Hectares reforested

7608.53
Tonnes CO2 captured

Equinix purchased renewable energy certificates (RECs) for 100% of the estimated 2,023 MWh of electricity used to support
Kinaxis’ business across all its colocation facilities in 2022 – in the United States, Japan, and the Netherlands. We report related
GHG emissions in the purchased goods and services Scope 3 category using location-based emission factors, prior to theapplication of Equinix’s purchased RECs, though we don’t offset for those amounts as the RECs already accomplish that goal.
In 2022, Equinix has changed its methodology regarding how server electricity use and related GHG emissions arecalculated which has produced a significant GHG reduction in 2022 for purchased server-related services. The change
in methodology results in more accurate energy and related GHG emissions data being provided by producing actual
metered electricity consumption results, as opposed to estimated consumption amounts based on a maximum potential
demand. GHG emissions totals using the new methodology are only available for 2022, and historical periods have notbeen re-stated due to the data not being available at the time of report publication.
For other data center needs, we also use Vantage Data Centers in the province of Quebec, which uses nearly 100%
renewable hydroelectricity, and a separate data center operator for our internal IT requirements. Across 2022 and 2023, wehave gone live on both Microsoft Azure and Google Cloud to deliver RapidResponse in a public cloud environment – thepublic cloud impact on our GHG emissions will be reported in our next Global Impact Report.
Business travel. With the COVID-19 pandemic easing in 2022, certain business travel activities have resumed. We areworking on strategies to maintain business travel emissions per employee below pre-COVID levels.
28

Carbon neutrality
While Kinaxis’ focus ahead is to identify GHG reduction opportunities across the organization and decarbonize where
possible, we have also committed to achieving carbon neutrality for our remaining GHG emissions. To accomplish that,with the help of Carbonzero, we invest in high-quality third-party verified carbon offsets sourced through reputableproviders from Canadian and International projects.
To offset our remaining FY 2022 GHG emissions of 5,206 tCO₂e (5,935 tCO₂e total, less 729 tCO₂e already mitigated by
Equinix through its REC purchases), we invested in the following third-party verified projects:
Newfoundland Climate and Ecosystems Conservancy Project, Canada. The project, a greenhouse gas mitigation
initiative through engineered wetland systems for wastewater treatment, represents the first carbon offsets evergenerated in the province of Newfoundland and Labrador. The objective of this project is to treat wastewater and sludge
from municipalities in an effective manner to eliminate the environmental impacts of discharging raw wastewater into
watercourses and sea. The implemented wastewater treatment solution consumes much less energy and emits less GHG
than typical wastewater treatment systems.
Renew Solar Power Generation Project, India. The main purpose of this project is to generate clean electricity throughrenewable solar energy sources. The solar power installation has a total capacity of 927 MW and has been implemented in
the Gujarat, Karnataka, Madhya Pradesh, Rajasthan, and Telangana states of India. The project replaces anthropogenic GHG
emissions at about 1.7 million tCO₂e per year.
Prairie Winds Emissions Reduction Project, USA. Prairie Winds Emissions Reduction Project, which was completed
in 2009, was the largest undertaking by an electric power cooperative in the US at the time. The project consists of 77
1.5 megawatt turbines. Providing access to affordable, reliable, sustainable, and efficient energy solutions, Prairie Winds
generates 300,000 MWh of clean energy every year. Emissions reductions are generated by displacing grid-connected
electricity from traditional fossil fuel electricity sources, reducing our reliance on higher carbon intensive fuels such ascoal and natural gas. As well as benefiting the environment, the project created new jobs during construction and has
maintained permanent employment for the community since becoming a working facility.
Additionally, Kinaxis further partnered with Carbonzero to measure and offset the carbon footprint of Kinexions 2022, ouruser conference in San Diego, California, through the purchase of third-party verified carbon offsets. Carbonzero worked
closely with event organizers to determine the greenhouse gas emissions from all attendee travel, venue utilities, hotel
stays, and event-related landfill waste.

29

Approach to carbon offsets
A carbon offset is a verified reduction of greenhouse gas emissions, developed to compensate or “offset”
an equivalent greenhouse gas emission from another source that cannot be easily eliminated. As a result,climate change is mitigated by providing financial incentives for pollution reduction and investment in newtechnologies and ecological processes.
For our carbon offset investments to have the most environmental and social impact, we consider projects
that meet the following criteria:

Quantifiable

Additional

Permanent

The tonnes of CO2 equivalent

Projects must go beyond

The beneficial action of an offset

emissions reduced, removed, or“business as usual” to generate

to the atmosphere must be

avoided by the project must be

offsets.

durable and lasting.

Verifiable

SocialLocal

Projects must be audited by

Our goal is to maximize

We seek to align ouraccredited third parties.

value associated with sociallyinvestments within the

responsible projects thatgeography of our emissions-can directly benefit local

producing activities.

measured precisely.

communities.

UN SDGs
Our investments in carbon offsets to date support several United Nation Sustainable
Development Goals, including two of the six we have chosen to focus on: SDG 8,
Decent work and economic growth, and SDG 13, Climate action.

30

Our office programs
Our largest offices, in order of size, are in Ottawa – where we took occupancy of our new headquarters in January 2022 –Chennai, Toronto, Rotterdam and Tokyo. In Chennai, we moved into a new LEED-certified building in late 2022. All offices areincluded in our GHG inventory and our carbon offsetting program and feature other environmentally friendly programs.
Renewable Energy Certificates. Kinaxis purchases EcoLogo certified Renewable Energy Certificates (RECs) to match 100%of grid electricity consumption at Ottawa HQ.
Lighting and HVAC. LED lighting is used in our Ottawa, Toronto and Chennai offices. In our new HQ, blinds and shades
are on sensors, to harvest daylight and optimize lighting; the building HVAC system is turned off at night, when thebuilding is typically unoccupied; and we run a high-efficiency HVAC.
Furniture. When available, older furniture is auctioned to employees, with funds going to various charities, and any remaining
pieces are sent for recycling. New furniture, such as workstations, laminate tops, and chairs, is built from low volatile organic
compounds, which have little or no off-gassing and meet LEED certification. We reused 100% of workstations from our old HQ.
Recycling. We have four-stream recycling programs throughout our Canadian offices, Chennai and in Tokyo. Recycling
consists of organics, plastics, metals and glass, and paper/cardboard, and we provide battery recycling containers
throughout the building. We no longer print and mail materials for our Annual General Meeting, relying on digital
distribution, as permitted by the relevant securities administrators
IT asset recycling. To maximize our IT asset life, we replace laptops andworkstations on a break-fix model, where
hardware is replaced only as truly warranted, rather than using a fixed replacement cycle. Older hardware that has beenfound to no longer be usable in our corporate environment is donated and re-purposed. Any remaining or unusable
computers are dismantled for parts or are picked up by an electronics company and recycled responsibly.
31

Paying it forward with RapidResponse
While we are always looking for ways to improve our own ESG practices, RapidResponse also makes significant
contributions to helping our customers reduce waste in its many forms every day.

Sustainable Supply Chain application
At our annual customer community conference Kinexions, we unveiled new product innovations spanning the endto-end supply chain that empower businesses with the transparency, control, and agility they need to navigate today’s
volatile business landscape.
One of the new innovations, Sustainable Supply Chain, is a solution that allows companies to embed emissions data(including Scope 3 emissions) directly into RapidResponse to design scenarios that will estimate, project and simulate
supply chain related CO₂e in real time. Not only does Sustainable Supply Chain create visibility into emissions data, but it
also empowers planners to understand its impact in seconds.
Scope 3 emissions account for more than 90% of a company’s carbon footprint, so failure to understand the environmental
impact of supply chain decisions is a major barrier to a more sustainable future.
Planners can now seamlessly blend timely and accurate emissions data to weigh environmental factors alongsideeconomic and service indicators to optimally balance the triple bottom line.

Sustainable Supply Chain application

32

Other RapidResponse sustainability benefits
Beyond the capabilities of the Sustainable Supply Chain, RapidResponse helps customers mitigate their environmental
footprint and reduce waste in its many forms every day.
Reducing wasted productBy enhancing end-to-end supply chain planning, RapidResponse very typically helps our customers lower their physicalinventory levels. Excess inventory may never find a home and, instead, can find its way into landfills. Some inventory has
firm expiry dates beyond which product is entirely wasted, never finding its way to customers in need and creating adisposal problem. Our customers frequently report reductions in finished goods inventory of more than 30%.
Delivering critical goods
Many of our customers offer products that are critical to society and must always be available – stockouts simply can’t happen.
Life sciences and pharmaceutical companies represent one of our largest markets. One major customer in this market,
which offers life-saving oncology drugs, has a corporate mission to never stockout. That same customer has credited
Kinaxis as a significant contributor to achieving that goal, while simultaneously reducing days-in-inventory by 20 days.
Consumer products is a large and rapidly growing market for Kinaxis, and we help companies ensure that their criticalproducts are available during emergencies. A Forbes article discusses how our customer, Procter & Gamble, managed their
supply chain to move critical goods out of the path of Hurricane Irma to ensure that they could supply consumers withwhat they needed most during the emergency. Throughout COVID-19, our consumer products customers used Kinaxis tokeep a steady flow of vital products on retailers’ shelves, under very challenging circumstances.
33

Reducing carbon output
Poor planning frequently leads to expensive, wasteful last-minute expediting of goods within global supply chain
networks. Frequently, the goods are expedited via high-carbon-footprint air courier. Kinaxis customers have experienced
80% decreases, or more, in expediting activity – all through better planning. Kinaxis has also helped a car manufacturer
plan its portfolio of vehicle packages so that they met tougher emissions requirements in the European Union andavoided costly penalties.
Our Supply Chain Execution product capabilities offer customers advanced transportation management and load
optimization capabilities. These solutions help optimize shipping plans and freight spend and increase capacity utilization
by creating fuller, more efficient loads, resulting in significantly reduced CO₂ emissions for greater sustainability.
Enabling recycling and the circular economy
With our partner, Ocyo Consulting, Kinaxis offers solutions that directly help companies plan and monitor recyclingflows of incoming and outgoing products, internally and across a partner network, to improve supply chain efficiency,
sustainability, and compliance.

Supply Chain Execution

34Building trust

Key security
features

RapidResponse processes the supply chain data of globally
recognized, Fortune Global 500 leaders and other major
companies, so we have established several key processes
to earn and keep the trust of these market leaders,•

SOC 1 Type II audited•

SOC 2 Type II audited

data is critical, the most material impact to our business•

BSI C5:2020 Type II audited

relates to how we manage data security and privacy for•Single-tenant SaaS model

customers using our RapidResponse SaaS offering.

•

100% AES256-bit “in-transit” and “at-rest”

including intellectual property protection and world-classdata security and privacy features. While protection of all

encryption

RapidResponse is a cloud-based SaaS offering delivered•

under a single tenant data store model. For colocation

Disaster recovery time objective andof our infrastructure, we rely on enterprise-grade third-

recovery point objective of no moreparty data center facilities located in advanced, stable

than 24 hours•

democracies globally, limiting exposure to government-

Advanced security operations center(SOC) monitoring 24x7x365

mandated monitoring, blocking, content filtering, or
censoring. Each data center facility implements best-•

in-class physical and environmental security, with

Industry-best practices for physicalsecuritycertifications/audits that include ISO 9001, 14001, 22301,
27001, SOC 1 Type II, & SOC 2 Type II and BSI-C5 Type II.
We are also increasingly taking advantage of delivering
RapidResponse via public cloud providers that offer best-in-class security measures. In March 2022, we went live with
Microsoft Azure as part of our shift to the public cloud. In addition to Microsoft, we have established a strategic partnershipwith Google to help us extend our hosted offerings. We went live on Google Cloud in 2023. RapidResponse is available on
both the Azure and Google Cloud Marketplace as of May 2023.
Cyber security leadership. Our leadership team includes key roles related to data security and privacy. Our Chief Legal
Officer is also our Data Protection Officer for purposes of Europe’s General Data Protection Regulation (GDPR). Reportingto our Chief Legal Officer, our Vice President, Security, Strategy and Compliance sets related strategies, policies, andapproaches for Kinaxis to follow. Our Chief Information Officer and Chief Technology Officer operationalize those strategies
to safeguard the data we process for all internal and external Kinaxis stakeholders.

35Colocated in secure locations globally
Amsterdam, Netherlands

Tokyo, Japan
Osaka, Japan

Montreal, Canada
Washington, DC
Dallas, TX

Global privacy standards complianceKinaxis ensures compliance with applicable data privacy laws, including:•General Data Protection Regulation (GDPR)•

2016/679••

Japan Act on the Protection of Personal
Information Law. No.57/2003

Canadian Personal Information Protection and•Australian Federal Privacy Act 1988

Electronic Documents Act 2000 (PIPEDA)•

All other regional, federal, or state data privacy

U.S. Federal Trade Commission Privacy Act 1974

laws that apply to our operations

Key resources
A comprehensive review of our data security and privacy practices can be found in our data security brochure and privacy
policy. Our GDPR with RapidResponse brochure describes how RapidResponse can be used to comply with GDPR requests
and individual rights. Page 16 and 17 of our 2023 Annual Information Form describes our approach to intellectual property
protection in detail and includes details of our issued patents.
36

Intellectual property
In accordance with industry practice, we protect our proprietary products and technology through a combination ofpatents, copyrights, trademarks, trade secrets and contractual provisions, with customers, partners, employees and others.
In total, as of August 31, 2023, we have been issued 32 patents globally pertaining to key, differentiating aspects of the
RapidResponse platform, and currently have over 130 patents pending worldwide.

Data security in our private cloud environments
We pride ourselves on using the most highly advanced technologies available to keep supply chain data safe, secure, andaccessible to only those who legitimately need it. We adhere to global standards and best practices and acquire third-party
verification of our processes to ensure compliance.
We work around the clock to keep data safe with routine performance and security monitoring coupled with 24/7/365 customer
support and emergency response. From physical security measures to in-depth application security controls and vulnerabilityscans, we take every precaution to safeguard supply chain data so our customers can rest assured that their data is in good hands.
User access management. Our customers select and know who can see their data, with end-user permissions to accessspecific information and application functionality.
Compliance with security standards and frameworks. We engage globally recognized independent auditors to
perform annual SOC 1 Type II, SOC 2 Type II and BSI-C5 Type II audits of our service.
We also routinely conduct internal and external assessments – following documented enterprise-wide processes that
include management oversight to ensure the confidentiality, integrity, and availability of customer data.
Security monitoring framework. To ensure data always remains safe, we’ve implemented a comprehensive network
security monitoring system with fully automated intrusion prevention systems. We perform scheduled and ad hoc security
scans using advanced security tools.

Data privacy
At Kinaxis, we recognize the importance of protecting user privacy and personal data and are committed to it.

Privacy policy
Kinaxis is committed to protecting the privacy of its employees’ and customers’ data. Our privacy policy applies to personal
information and other information collected by Kinaxis or its service providers from or about (i) visitors to, or users of, its
websites, (ii) prospective and current customers using Kinaxis services, (iii) service providers and business partners, (iv)prospective and current employees, and (v) other third parties it interacts with.

37

User consent. Prior to collecting personal information, Kinaxis obtains users’ consent. At any point in time, users can
revoke their consent, and we will cease using and processing the personal information immediately. Kinaxis does not sellor otherwise disclose the personal information it holds to third parties, except for the limited, legitimate circumstances
described in the privacy policy.

Customer data
Limited data processing. Kinaxis processes customer data solely for the purpose of providing our RapidResponse SaaS
solution and only in accordance with the terms and conditions of contracts between Kinaxis and its customers, as well asother unique customer instructions.
Customer control. Our customers keep full control over the type of data – e.g., demographic, behavioral, personallyidentifiable information (PII), etc. – that is processed as well as the exact purpose for which Kinaxis processes such data.
Customers can access and extract their data at all times, as well as modify or delete it as it may be required for them tomeet their obligations under applicable data privacy laws, such as to respond to data subject requests.
No data sold. No customer data is sold, distributed, or used for advertising. Customer data is shared with third parties
only with customers’ consent, and to the extent we are required to do so for the provision of our services, and only after
agreements with third parties are in place to ensure they will abide by all applicable data security and privacy obligations.

Technical alignment
Kinaxis’ policies and practices include organizational, technical, and operational measures to ensure the confidentiality,
integrity, and availability of customer data, aligned with recognized industry standards:•

ISO 27000 family of standards•

CSA Cloud Controls Matrix (CCM) Level 2•

NIST 800 Special Publications and others

Data protection impact assessments. We conduct data protection impact assessments (DPIAs) at least annually, and asnecessary to evaluate privacy concerns in new systems or services or existing ones that are undergoing major modifications.
Potential data requests and privacy breaches. Should Kinaxis ever be required to provide customer data inconnection with a legally binding request for disclosure by a law enforcement or supervisory authority, Kinaxis would
promptly notify the customer, as permitted. Unless legally required to do so, Kinaxis does not respond to such requests
directly or without the customer’s consent and involvement.
Should Kinaxis ever experience a data privacy breach, we would notify affected customers without undue delay and support
them in complying with any legal or regulatory notification requirement and any subsequent investigations for root cause.

38Giving backOne of our corporate values recognizes that we are all
global citizens. As part of that commitment, Kinaxis makes
corporate donations to several worthy causes and offers
our expertise to students and academics in the supply
chain field, to help continue to move the practice forward
for generations ahead.

Key resources
Our community involvement guidelines direct us in
our support of charitable events and causes, including
providing clarity on the types of organizations to which
Kinaxis will not donate. For example, donations will not
be made to any organizations that discriminate against
any protected group under the UN’s Universal Declarationof Human Rights. Also, we will not fund organizations
for the purpose of promoting particular religious beliefs
or organizations operated primarily for the purposesof directly or indirectly influencing the outcome of any
political process

Corporate giving
In 2022, Kinaxis’ giving program included two main
direct-giving streams:•

Volunteering at
Christie Lake Kids
Camp

Kinaxis-led charitable giving, which we support
through direct cash contributions, donations-inkind (e.g., IT equipment, furniture, meeting spaces,etc.), paid time off for volunteering, and corporate
sponsorships•

Employee-led charitable matching, which we support

In May 2023, approximately 60 members

through cash donations per hour volunteered byof Kinaxis’ Corporate IT team spent theteam members, matching employee donations, andworkday at Christie Lake Kids Camp,

matching fundraising for employee events

assisting with the spring clean up.

39

Music at Kinaxis
Creating community through music and the arts
The Kinaxis culture is anchored by the simple words “people matter here”, which extends to thecommunities where we live, work and play, including the world of music. Its unique ability to bring people
together makes music an important part of our workplace culture. We have a strong connection to themusic industry as a unifier for humanity, and for our company culture.

River Christie-White

Mikhail Laxton

Angelique Francis

Kinaxis InConcert
In partnership with the Ottawa Music Industry Coalition (OMIC), we host ‘Kinaxis
InConcert: Live from the Hive’, a concert series where local, touring, and emerging
artists from a wide variety of genres perform at Kinaxis’ HQ in Ottawa.

The Bayash Sisters featuring Yarro and Emma Bayash (left) and Avery Raquel (right) perform at Billy Bishop Airport

Catapult
The next generation of musicians is on the come up, and we want to be there
to support them on their journey to stardom. We’ve partnered with The Catapult
Collaboration, a new music initiative managed by ArtHaus and designed to propel
emerging artists. The Catapult Collaboration supports emerging musicians by pairingthem with established artists for unique live, paid performance opportunities.

40

We also provide additional charitable contributions whenimportant opportunities present themselves and areconsistent with our core values.
To ensure our Corporate Giving program remains effective
at supporting causes that align with our corporate values,
we undertook a redesign of the program in 2023 and willreport on the full scope of the new program in our next
Global Impact Report.

Kinaxis Academic Program
Through the Kinaxis Academic Program in 2022, Kinaxis

Reaching over
3,600 students

reached over 3,600 students at leading universities,
globally. Kinaxis recognizes the critical role that higher
education plays in ensuring we have the ideas, innovation,and skills necessary to propel the modern supply chain
forward. Under this program, launched in 2020, we partner

We reached over 3,600
students at leading
universities, globally,
through academic outreachthat included more than 50
guest lectures.

with supply chain, business, analytics, and engineering
programs at leading academic institutions to inspire thenext generation through initiatives such as: guest lectures,case studies, and certifications that invite students toengage on a continuous learning journey.
We also reach younger minds, through our sponsorshipof Shad, the summer enrichment program focusedon STEAM for high-achieving Canadian high school

We have collaborated with academic leaders at:students. Among other activities, we challenged students
to play the “Kinaxis Cookie Game,” a live simulation that
demonstrates the complexities and challenges facing
supply chain planners today.

41•

Columbia University•

Massachusetts Institute of Technology•

University of Toronto,•

National University of Singapore•

Cambridge University•

University College Dublin

Appendix 1 – SASB Metrics
Topic

FY2022

FY2021

SASB Metric

Environmental Footprint of Hardware Infrastructure
Total Energy Consumed (gigajoules)

15,345.51

7,031.19

TC-SI-130a.1

Percentage grid electricity

68.86%

89.84%

TC-SI-130a.1

Percentage renewable

34.46%

0%

TC-SI-130a.1

Total water withdrawn

Deemed immaterial to operations

TC-SI-130a.2

Total water consumed, percentage ofeach in regions with high or extremely
high baseline water stress

Deemed immaterial to operations

TC-SI-130a.2

Discussion of the integration ofenvironmental considerations into
strategic planning for data center needs

See Strategy Commentary in Appendix 2 – Alignment with Task
Force on Climate-Related Financial Disclosures

TC-SI-130a.2

Data Privacy & Freedom of Expression
Description of policies and practices
relating to behavioural advertising anduser privacy

Do not engage in behavioural advertising

TC-SI-220a.1

Number of users whose information isused for secondary purposes

00

TC-SI-220a.2

Total amount of monetary losses as aresult of legal proceedings associatedwith user privacy$0$0TC-SI-220a.3

Number of law enforcement requests
for user information

00

TC-SI-220a.4

Number of users whose information
was requested

00

TC-SI-220a.4

Percentage resulting in disclosure

00

TC-SI-220a.4

List of countries where core products
or services are subject to governmentrequired monitoring, blocking, content
filtering, or censoring

None

TC-SI-220a.5

42

Data Security
Number of data breaches

No breaches requiring customer/user notification have occurred

TC-SI-230a.1

Percentage involving personallyidentifiable information (PII)

N/A

TC-SI-230a.1

Number of users affected

N/A

TC-SI-230a.1

Description of approach to identifying
and addressing data security risks,
including use of third-party cybersecurity standards

See pages 33-34 herein

TC-SI-230a.2

Recruiting & Managing a Global, Diverse & Skilled Workforce
Foreign nationals (in Canada)

13%

3%

TC-SI-330a.1

Located in Canada

50%

53%

TC-SI-330a.1

Located in North America

66%

71%

TC-SI-330a.1

Located offshore

50%

29%

TC-SI-330a.1

Employee engagement as a percentage

87%

87%

TC-SI-330a.2

Man

64%

66%

TC-SI-330a.3

Woman

28%

27%

TC-SI-330a.3

Non-binary, other, and prefer not to say

7%

7%

TC-SI-330a.3

Gender identity, total employees

Gender identity, technical employees (Canada)
Man

64%

65%

TC-SI-330a.3

Woman

24%

26%

TC-SI-330a.3

Non-binary, other, and prefer not to say

12%

9%

TC-SI-330a.3

Gender identity, exec. Team/director+/people manager/contributor
Man

67%/60%/57%/65%

73%/75%/55%/66%

TC-SI-330a.3

Woman

25%/26%/36%/28%

18%/21%/37%/27%

TC-SI-330a.3

Non-binary, other, and prefer not to say

8%/14%/8%/7%

9%/4%/8%/7%

TC-SI-330a.3

43

Racial/ethnic identity, total employees (Canada)
Indigenous

1%

<1%

TC-SI-330a.3

Arab

2%

2%

TC-SI-330a.3

Asian

28%

27%

TC-SI-330a.3

Black

2%

2%

TC-SI-330a.3

Latin American

2%2%

TC-SI-330a.3

White

45%

51%

TC-SI-330a.3

Two or more races, other, and prefer
not to say

20%

16%

TC-SI-330a.3

Racial/ethnic identity, technical employees (Canada)
Indigenous

<1%

<1%

Arab

4%

3%

TC-SI-330a.3

Asian

31%

31%

TC-SI-330a.3

Black

1%

1%

TC-SI-330a.3

Latin American

2%

1%

TC-SI-330a.3

White

36%

43%

TC-SI-330a.3

Two or more races, other, and prefer
not to say

26%

19%

TC-SI-330a.3

Racial/ethnic identity, exec. Team/director+/people manager/contributor (Canada)
Indigenous

0%/0%/1%/1%

0%/0%/2%/<1%

TC-SI-330a.3

Arab

0%/0%/2%/2%

0%/2%/2%/2%

TC-SI-330a.3

Asian0%/12%/26%/31%

13%/11%/17%/30%

TC-SI-330a.3

Black0%/0%/1%/2%

0%/0%/0%/2%

TC-SI-330a.3

Latin American

0%/0%/1%/2%

0%/0%/2/%/2%

TC-SI-330a.3

White89%/67%/52%/41%

75%/75%/64%/46%

TC-SI-330a.3

Two or more races, other, and prefer
not to say

11%/21%/17%/21%

13%/11%/14%/17%

TC-SI-330a.3

44Intellectual Property Protection & Competitive Behavior
Total amount of monetary losses as aresult of legal proceedings associatedwith anticompetitive behavior
regulations$0$0

Number of (1) performance issuesand (2) service disruptions; (3) totalcustomer downtime

Exceeded or achieved our targetof a minimum 99.5% uptime

TC0SI-550a.1

Description of business continuity risks
related to disruptions of operations

See pages 30-45 of our Annual
Information Form, most notably
pages 38-42 for operational risks

See pages 27-41 of our Annual
Information Form, most notably
pages 35-40 for operational risks

45

TC-SI-520a.1

TC0SI-550a.2

Appendix 2 – Alignment with Task Force on
Climate-Related Financial Disclosures
Kinaxis recognizes the urgency of the global climate change crisis and is committed to improving and elevating our
climate risk management practices. In 2021, we initiated a risk analysis aligned with the Task Force on Climate-Related
Financial Disclosures (TCFD) recommendations and integrated it with our existing enterprise risk management program
to build a more holistic approach to our processes. Our initial identification and assessment activities indicate that climaterelated risks and opportunities are not currently financially material to our business. However, we believe climate change isa systemic and accelerating challenge requiring a concerted global effort. Therefore, we will continue to actively manage
and monitor our most significant climate-related risks and opportunities. Kinaxis supports the aims of the TCFD to bringtransparency around climate-risks into financial reporting, and we intend to continue to build out our strategy andreporting under this framework46

Disclosure

Response

Governance
Describe the board’s oversightof climate-related risks andopportunities

Board of Directors
Kinaxis’ Board of Directors has ultimate oversight responsibility for risk management activities and programsand ensures that adequate systems are in place to identify, manage, monitor, and report on principal risks
affecting corporate objectives. Through their oversight role, the board members satisfy themselves that:•risk management policies and procedures are aligned with the overall business strategy•

these policies and procedures are operating as intended; and•a strong risk culture is maintained across the business.

Nominating and Governance Committee
The nominating and governance committee has been delegated primary oversight responsibility for all ESG
matters, including strategies, policies, performance and reporting of climate-related risks and opportunities.
On a semi-annual basis, the Chief Legal Officer and risk and sustainability lead submit to the nominating andgovernance committee a climate-risk report, which includes:

Describe management’s role inassessing and managing climaterelated risks and opportunities•

a summary risk dashboard, including a description of prioritized climate-related risks and semi-annual trends;•

the status of ongoing and completed mitigation strategies for prioritized climate-related risks and overdue
items; and•additional monitoring metrics and/or other information, as necessary.

Kinaxis recognizes that management of climate-related matters requires broad collaboration and crossfunctional involvement. Accordingly, we have established an integrated approach and accountability structure
for identifying, assessing, and managing climate-related risks and opportunities, which engages our Chief Legal
Officer, full executive team, cross-functional ESG Steering Committee, and other relevant stakeholders, as needed.
Our Chief Legal Officer is the executive sponsor of both risk and sustainability related matters and isaccountable for delegated oversight of processes surrounding ESG matters, including climate-related risks andopportunities. Priority ESG matters are brought to the full executive team, and findings and recommendations
are regularly reported back to the nominating and governance committee of the board.
Led by our risk and sustainability leader, the ESG steering committee reports to our Chief Legal Officer andwas established to support the executive team and nominating and governance committee of the board inoverseeing Kinaxis’ ongoing commitment to ESG matters. The duties and responsibilities of the ESG steeringcommittee include helping to manage, measure, and assess ESG factors that present the most significant
risks and opportunities to the business. Such factors may or may not be deemed material to the business forexternal reporting purposes.

47

Strategy
Describe the climate-relatedrisks and opportunities theorganization has identified overthe short, medium, and long term.

Kinaxis identifies, prioritizes and assesses climate-related risks and opportunities across a range of time
horizons (short-term: before 2030; medium-term: 2030–2050; long-term: beyond 2050) and potential
impacts to the business, including financial, legal, operational, reputational, and safety considerations. In ourassessments, we consider both acute and chronic physical risks, such as increases in the frequency and severityof extreme weather events, as well as risks associated with the transition to a low-carbon economy, including
current and emerging regulation, market risks, and new technology.
In addition to risks, we also considered that although our own global carbon footprint is minimal given thenature of our industry as a SaaS service provider, our greatest opportunity to combat climate change is toenable our customers on their journeys towards net reduction efforts throughout their supply chains with theapplication of RapidResponse.
Although not currently deemed to be material, we recognize that these climate-related risks and opportunities
could impact our business in future and will continue to monitor and report on them within our enterprise risk
program as a distinct climate-risk profile:

Risk Category

Description

Time Frame

Physical – Acute

Increase in frequency and/or severity of extreme
weather events, such as wildfires, floods or tornados,
which may result in the disruption of our operations
or in the loss or damage of our assets.

Medium to Long

Transition – Legal &PolicyRapidly evolving global regulatory landscape in
relation to mandatory climate disclosures which may
result in increased administrative costs or penalties
in the event of non-compliance, as well as adverse
reputational impact.

Short to Medium

Transition – Technology,
MarketUncertainty around changes to customer preferencesin their shift towards low-carbon operations and thetechnological innovations to support the transition
to a circular economy.

MediumTransition – Reputation

Uncertain and changing expectations andperceptions of Kinaxis’ contribution and commitment
to the transition to a low-carbon economy.

Short to Medium

The shift of customer preferences towards
RapidResponse due to its capabilities in enabling
net reductions across scope 3 emissions and inenhancing overall supply chain resiliency.

Short to Medium

Physical and Transition Risks

Opportunities

Products & Services48

Describe the impact of climaterelated risks and opportunities
on the organization’s business,strategy and financial planning

A key outcome of performing climate risk assessments includes defining incremental mitigation activities tomanage the physical and transition risks of climate change. Although our assessments to date indicate thatthese risks of climate change are not currently material to our business, we have chosen to actively evaluate,
monitor and report on these mitigation efforts.
At Kinaxis, we treat risk management as an iterative process and will continue to build on and actively identify
further opportunities to integrate the management the impacts of climate change. Below is a summaryof the key mitigation efforts we have identified to date to manage the impact of climate-related risks andopportunities on our business, strategy and financial planning:

Area

Impacts and Mitigations

Products & Services

Opportunities to develop new and invest in existing products / services to help
customers to reduce their own carbon footprint and plan for climate resilienceand business continuity are influencing our strategy through 2030. One of
the most substantial strategic decisions we have made influenced by theseopportunities is the first release of Kinaxis Sustainable Supply Chain:•

In June 2023, we released a new solution that allows companies to embed
emissions factors (including Scope 3 emissions) directly into RapidResponse to
design scenarios that will estimate, project and simulate supply chain related
CO₂e in real time.

•

This first release tracks Scope 3 emissions from five categories, including
emissions from purchased goods and services, and upstream anddownstream distribution and transportation.

Investment in R&D•

This not only creates visibility into emissions data, but also empowers planners
to understand its impact in seconds.

•

We invest in R&D for new solutions that hep us contribute to climate resiliencethrough technology innovation while helping increase our operating
efficiency, meet growing demand for lower-emission products and services,and establish a stronger competitive position.

•

While Kinaxis own carbon footprint remains minimal, we recognize the mostsubstantial impact our business can have in the fight against climate change
is to enable our customers to manage their own Scope 3 emissions in their
supply chains.

Supply Chain•

We are committed to further developing and enhancing ESG capabilities
within RapidResponse to address a spectrum of priority ESG issues.

•

The impact of climate-related risks and opportunities on our supply chain
is primarily the prioritization of suppliers that provide more energy efficient,lower-emission products and services. As a SaaS provider, emissions in our
supply chain are minimal however we have opportunities to reduce energy
consumption from our operations (e.g., moving towards more efficientbuilding design / operations) and procurement, and to deliver low emission
goods and services.

•

In 2023, we have taken steps to begin designing a risk-based approach
to identifying, prioritizing and working with our suppliers, vendors andother 3rd parties to transform how we select and collaborate with them byincorporating climate performance into the business awards outcomes andproviding incentives and training to build supplier capabilities.

49

Operations•

Energy usage in our data centres and business travel are our primary sourcesof carbon emissions. As a result of climate change, emerging regulations
related to greenhouse gas emissions in the form of taxes or fees could
increase Kinaxis operational costs.

•

As part of our strategy to mitigate the impact of energy costs, we are shifting
towards a public cloud infrastructure and are now live on both Microsoft
Azure and Google Cloud- the public cloud impact on our carbon emissions
will be reported beginning in our next Global Impact Report.

Further details on the impacts of climate change to our financial planning will be provided in our next report.

Describe the resilience of theorganization’s strategy, taking into
consideration different climaterelated scenarios, including
a 2-degree Celsius or lower
scenario.

Kinaxis has not yet introduced climate-related scenario analysis into its business strategy due to various
reasons, including the nature of our business and rapid global growth over the past several years. In 2024,
we will initiate the first phase of climate-related scenario analysis work to model and evaluate risks andopportunities.

Risk Management
Describe the organization’s
processes for identifying andassessing climate-related risks

While business units are accountable for the identification and management of risks across the organization,
the risk management function is accountable to set, oversee, and facilitate the coordination of ERM processes– including providing guidance on the management of risks across the business, working with the executive
team, ESG steering committee and risk owners to provide effective challenge and ensure that key decisions are
made with consideration of the risks involved.
To continuously identify new, emerging, and changing risks that may impact achievement of corporate
objectives, the risk management team employs an iterative process, including interviews and/or workshops
to engage stakeholders at all levels across the business to identify and document Kinaxis’ comprehensive risk
universe. ESG is fully integrated with and has its own distinct category within our risk universe.
The risk management team prioritizes climate-related risks and opportunities with the ESG Steering
Committee and presents and validates the outputs with the executive team and the nominating andgovernance committee of the board. Each of the most significant climate-related risks and opportunities is
assigned a risk owner, who is designated with primary responsibility of the management of that risk to ensure
effective strategies for mitigation are in place and to make recommendations to further manage risks.

Describe the organization’s
processes for managing climaterelated risks.

Following the identification and prioritization of climate-related risks and opportunities, the risk owner is
responsible for performing a detailed risk assessment, with input and guidance from the risk management
team. The risk owner is also responsible to ensure that appropriate mitigation/treatment strategies are in place
and that mitigation actions are identified to bring risks to an acceptable level.

50Describe how processes for
identifying, assessing, andmanaging climate-related risks areintegrated into the organization’s
overall risk management.

ESG is fully integrated with and has its own distinct category within our comprehensive risk management
program, which harmonizes risk management practices and procedures across the business. Both the ESG andERM process follow a five-step cycle, from identification to monitoring and reporting of material risks or ESG
matters, including climate-related risks and opportunities.
Strategic, ESG, financial, regulatory, and operational risks are assessed at the enterprise level through the ERM
process. The ERM process includes an annual refresh cycle of risk identification through workshops and/orinterviews, in-depth risk assessments of top risks including the evaluation of risk mitigation capabilities, andthen periodic monitoring and reporting back to the Board of Directors.
Finally, as part of the annual ERM refresh, management and the board review the appropriateness of the overallrisk governance structure, defined roles and responsibilities, and oversight responsibilities.

Metrics and targets
Disclose the metrics used by theorganization to assess climaterelated risks and opportunities
in line with its strategy and risk
management process.

We have not yet defined metrics to assess climate-related risks and opportunities. In 2023, we have initiatedthe first phase of defining metrics in line with our strategy and risk management processes.

Disclose Scope 1, Scope 2, and, if
appropriate, Scope 3 greenhousegas (GHG) emissions and therelated risks

GHG emissions are disclosed in the Protecting the planet section of this report.

Describe the targets used by theorganization to manage climaterelated risks and opportunities
and performance against targets

We have not yet defined targets to manage climate-related risks and opportunities. In 2023, we have initiatedthe first phase of defining targets and our performance against those targets.

51