ESG Report
Environmental, Social,and Governancefiscal year 2023

Overview

A Message from Our CEOs
At monday.com, we take pride in being deeply connected to our community and to
the world around us. This strong connection is what drives our commitment to givingback and helping others. 

In 2023, we continued to invest in our ESG efforts, across 4 pillars- our customers, ourpeople, our planet and our community. 

Expanding our support for nonprofits In our work with nonprofits, we now provide 13.5K active accounts from 124 countries
with free access to our products, so that they can leverage monday.com to create
greater impact in their domains. This past year over 1K nonprofit team members
attended our dedicated training sessions, and over 3.1K are now members in our
nonprofit community. We are committed to expanding our help to non profits andcontinue to make a positive impact on their operation.

Assisting first responders on 32 disaster relief projects Our Emergency response team, focused on supporting on-ground emergency teams
to digitize their work and make data-driven decisions, have been deployed to support
32 projects in 22 different disaster areas (which represents a 113% increase in numberof projects from 2022). They leveraged the monday.com products to help first
responders and NGO’s streamline their work and maximize their efficiency in times
when they needed it most.

ESG - Environmental, Social, and Governance 2023 report1Overview

Collaborating with schools to build tech education programs In 2023, we established our “Tech School” initiative, providing teens from underserved
communities with access to technological tools and training. We partnered withschools in the United States and Israel to build education programs around 3D
printing, while giving students the skills and confidence they need to pursue higher
education and careers in tech. We plan to greatly expand this initiative to dozens ofschools over the next couple of years.

Tracking, measuring and advancing our sustainability efforts

Our reforestation efforts accelerated in 2023, as we planted 249,592 trees, which
represent 93% of our commitment across four diverse projects and locations. We
recycled 81% of the recyclable waste in our main offices, and our Sydney, Warsaw and
London sites now run on 100% renewable energy. We continued to invest in measuring,
reporting and reducing our greenhouse gas (GHG) emissions, this year incollaboration with “Watershed”, a leading platform in carbon emission tracking.  

Investing in our people and our culture As always, we continued to invest in our people, with physical and mental wellness
initiatives, as well as extensive talent development opportunities and programs. In
2023, we hired a new global DEI leader, to further develop the inclusive environmentand culture we have built over the years, with a focus on diverse hiring andempowering our growing ERG communities. 
 We care deeply about measuring our ESG work, so we can improve and betransparent about our progress. In this report, we will share the data we collected on
our 2023 ESG efforts, our progress, and our main initiatives across the 4 pillars of ourwork - our customers, our people, our planet and our community.

We continue to set ambitious goals for 2024 and beyond, and we want to take theopportunity to thank all of our stakeholders for their support, feedback, guidance, andpartnership in our work to create a better world for us all.

Roy Mann & Eran Zinman
Co-Founders and Co-CEOs of monday.com

ESG - Environmental, Social, and Governance 2023 report2Overview2023 ESG Highlights
2023 was a year of meaningful progress in our ESG efforts, across all 4 pillars, creating meaningful impact in each:

Our customers
Being a customer-centric company, it is crucial for us to continue to serve ourcustomers with best-in-class products and experience, while constantly maintaining
the highest standards of security and privacy. In 2023, we expanded our offering andestablished the workOS platform and the multi-products built on top of it, while also
diversifying our customer base, to now include a strong small and midsize business(SMB) core, with a significant move upmarket to serve bigger enterprises as well. With
that, we have put significant investment into our infrastructure, launching mondayDB
to allow greater scale, while doubling down on security and governance tools andenterprise-level standards. 

Our People
As part of our commitment to Diversity, Equity and Inclusion, in 2023 we hired a new
Global DEI leader, with the goal of building an equitable and collaborative global
workplace that empowers our employees, customers, and communities to do theirbest work. With that, in 2023 we’ve invested in equitable talent management andhiring across all of our global sites, expanded to 9 ERG communities, prioritized our
employee wellness, both physical and mental, and continued to grow our talentdevelopment programs. 

Our Planet
In an effort to meet global corporate requirements around carbon footprint, in 2023
we have made significant progress around measuring, reporting and reducing our
GHG emissions. In collaboration with “Watershed”, we are working to develop and set
ambitious goals in line with climate science and the aims of the Paris Agreement,
which we hope to communicate by our next sustainability report. In 2023, we recycle
81% of the recyclable waste in our main offices, moved our Sydney, Warsaw and
London sites to now run on 100% renewable energy, and made significant progress in
our work with Ecologi, a climate action platform, to fund the planting of 266,500 trees
across four diverse projects and locations.

ESG - Environmental, Social, and Governance 2023 report3Overview

Our Community
In 2023, we have worked to formalize our community efforts, to maximize impact andleverage the power of our platform at its best. Our Emergency response team reached
22 disaster areas, and enabled governments and organizations to react in the fastest,
most efficient way possible, our monday for non-profits initiative now supports 13.5K
active accounts from 124 countries, and 1K nonprofits team members participated in
our online and in-person dedicated trainings. In 2023, we launched our “Tech School”
intuitive, aimed to bridge the digital gap and support underserved communities via
in-schools tech-oriented trainings and meet-ups with monday employees andleading experts, and our Startup for Startup community continued to thrive, reachingover 1M listens.

ESG - Environmental, Social, and Governance 2023 report4Overview

The monday.com way
The six core monday.com values are guiding principles in everything
we do. Since our inception, it is our principles and our unique culturethat keeps us together, holds us accountable, and charters ourcompany forward. This ESG report is dictated by these values:
Transparency and trust
Radical transparency, data accessibility, and trust enable us towork towards our unified goal, increases accountability, andencourages ownership. Transparency is a tool that helps us harness
our collective intelligence and eliminate politics and bureaucracy.

Inclusivity
Diversity, belonging, and inclusion are rooted in the core of ourcompany. We have embedded inclusivity not only within thecompany’s values, but also within the platform, providing a user
experience that is open and built with everyone in mind. We
prioritize inclusion and diversity not only because it is right, but
because we believe it creates better teams and ultimately a better
product.

Customer-centricity
Our customers’ satisfaction and success is at the heart ofeverything we do. We prioritize customer satisfaction over ourpotential short-term gains, and we believe that when ourcustomers win, we win.

Product firstWe believe that a product should work for the customer and not theother way around. Every feature is designed to be intuitive andaccessible, as evidenced by the fact that more than 70% of ourcustomers work in traditionally non-tech industries.

ESG - Environmental, Social, and Governance 2023 report5Overview

Ownership and impact

We empower our employees to make their own decisions so thatthey can maximize their impact. We believe autonomy allows our
employees to move faster, cultivate work-pride, increase efficiency,
and learn from their own mistakes.

Speed and execution

We believe the faster you execute, the faster you learn, iterate, andimprove. We constantly push ourselves to learn fast, gain firstmover advantage, and deliver quickly. As we continue to scale, we
believe our ability to execute and adapt quickly will continue to give
us a competitive edge.

ESG - Environmental, Social, and Governance 2023 report6About ESG

The monday.com way
For us at monday.com, sustainability and social impact efforts arenever just a side project. We want the whole company to function
around doing good.

As a software as a service (SaaS) business, our risks are distinct and positive societal
impact opportunities are vast. With that, we strive to focus our resources and energy
in the ares where we can be most impactful.

Upon our Initial Public Offering in June 2021, we established a dedicated committee ofour board of directors, underpinned by the ESG Committee Charter. To help
implement the vision of our ESG committee, an ESG Task Force was created, led byon-the-ground operational employees, which has allowed us to better plan, execute,and quantify our ESG efforts. 

monday.com employees at the 2024 yearly kickoff event

ESG - Environmental, Social, and Governance 2023 report7About ESG

Our governance structure
The Board has four established committees, audit, compensation, nominating , and
ESG , all of which are guided by committee charters delegating key responsibilities.
The roles of each committee are set forth in our governing documents and further
described within our annual report on Form 20-F. The way we operate is guided by our
Corporate Governance Guidelines and our key policies, our Code of Ethics andConduct, Modern Slavery Policy, Vendor Code of Conduct, Anti-Corruption Policy, andWhistleblower Policy.

We pride ourselves on maintaining a majority independent board of directors. Our
majority independent board of directors helps promote proper decision making withthe best interests of the company always at the forefront. 

This year we were happy to announce the appointment of Petra Jenner who joined
our board as an independent board member.

Roy Mann

Eran Zinman

Jeff Horing

Petra Jenner

Co-Founder & Co-CEO

Co-Founder & Co-CEO

Board Chair &Independent Director

Independent Director

Avishai Abrahami

Avi Eyal

Ronen Faier

Gili Iohan

Independent Director

Independent Director

Independent Director

Independent Director

Audit Committee

Compensation Committee

ESG Committee

Nominating Committee

Roy Mann
Gili Iohan
Ronen Faier
Avi Eyal
ChairmanMember

ESG - Environmental, Social, and Governance 2023 report8Our Customers

Our customers
Ingrained in our core values is our customer centricity. When all is said
and done, everything goes back to how we are empowering anddelighting our customers while maintaining their trust and loyalty, andproviding them with an exceptional customer experience. In 2023, we
expanded our offering, and built a variety of products on top of our
WorkOS platform, aiming to provide broader and deeper solutions to awider range of customers. 

We have also made significant strides to go up-market and serve larger companies
and enterprises beyond our strong base of small and midsize business (SMB)
customers. This requires us to provide more advanced products and, also to enhance
our platform and infrastructure to support larger scale with mondayDB, and to provide
even higher standards of security and governance for our clients. We are committed
to providing our customers with a highly secure and reliable environment to manage
their data with our Work OS platform and products. By using the top-of-the-line
security tools and aligning with comprehensive and advanced security and dataprotection regulations, we meet the needs of all industry verticals.

225K+ 200+
Customers

Countries & Territories

Speaking 14 languages

200+
Industries70%

Non-tech industries

ESG - Environmental, Social, and Governance 2023 report9Our Customers

Initiatives
Protecting data privacy
Our privacy principles at monday.com are simple and straightforward: Customer data
belongs to the customer. Your data is yours. We're here to secure that. We honor yourtrust in us to help protect the privacy of information you provide.

This is not something we say for mere legal compliance. We genuinely care about
your privacy, and approach this with a “Privacy by Design” mindset. This means that
we build everything with privacy in mind from the get-go.

We have a team that is solely dedicated to safeguarding privacy for our customers.
This team builds and executes our privacy program, which includes working withvarious teams across the company to conduct product and feature reviews to ensurethat they meet our privacy guidelines and standards. They also prepare privacy andimpact assessments, and support data protection and privacy-related requests. We
monitor guidance from industry and regulatory bodies and enhance our productfeatures and update contractual commitments accordingly.

Our global privacy program is generally based on the most comprehensive andadvanced data protection regulations in the world, with the EU GDPR serving as our"north star" for doing privacy the right way. Interested in how we're addressing privacy
laws and regulations around the world? Read more here: Our trust center monday.com &  
the GDPR

monday.com &  
the CCPA

monday.com & Brazil’s LGPD

monday.com & Canada’s PIPEDA

HIPAA Business Associate Agreementmonday.com & theAustralian Privacy Act
and Principles

ESG - Environmental, Social, and Governance 2023 report10Our Customers

Cybersecurity
Our cybersecurity efforts are guided and monitored by our Chief Information Security
Officer (CISO) and our dedicated Security department, which includes six specialized
security domains: Application Security, IT Security, GRC (Governance, Risk, andCompliance), Field CISO, Cloud Security and Data Security.

We conduct annual red team assessments on our defensive posture, applicative
penetration tests, infrastructure attack simulations, manage a private bug bounty
program, and assumed breach simulations. These assessments and drills are
performed and accompanied by leading industry standard offensive and defensive
third-party security consulting companies, which use high-end sophisticated attack
techniques to provide unique visibility into our potential security risks andvulnerabilities and to enhance our resilience posture on an ongoing basis.

Our security strategy and controls are based on international standards and industry
best practices, such as ISO 27001, ISO 27018, and OWASP Top 10, and are subject toindependent annual SOC2 Audits. Additionally, our security strategy and controls
include HIPAA-compliant features.

27001

27018

27032

27701

27017

ISO

ISO

ISO

ISO

ISO

CertifiedCertifiedCertifiedCertifiedCertified

ESG - Environmental, Social, and Governance 2023 report11Our People

Our people
At monday.com we are committed to fostering a workplace culture ofequity and inclusion. We value all backgrounds and beliefs andrecognize that diversity is essential to our innovation, creativity, andcontinued success.

Furthermore, we believe that if organizations wish to invest in the resilience of theircompany, they must invest in the resilience of their people. This means addressing
critical matters that impact the health, education and social identity of our people
and the stability of the communities in which our people live.

Gender Breakdown

Executive Management

Senior Management

Technical Staff

Global*Other - may include non-binary, third gender, two-spirit, transgender, gender-fluid, and other gender identities.

ESG - Environmental, Social, and Governance 2023 report12Our People
monday.com employees at the 2024 yearly kickoff event“Having recently joined monday.com as our global DEI leader, it has
been exciting to learn more about the foundation in place that canenable us to build a values-led workplace culture.

Adam Boone
Global DEI Leadmonday.com

Our goal is to build an equitable and collaborative global workplacethat empowers our employees, customers, and communities to dotheir best work.

As an organization that is focused on transforming the way teams
work together, we have an incredible opportunity ahead of us tocreate people-centric outcomes that expand how we uphold our
cultural values in order to best serve our customers and achieve
our business objectives.

I am looking forward to collaborating with colleagues across eachof our offices and teams and working toward this goal.”

ESG - Environmental, Social, and Governance 2023 report13Our People

Promoted in 2023 by gender

Race and Ethnicity Background(US Only)

Age breakdown*Other - may include non-binary, third gender, two-spirit, transgender, gender-fluid, and other gender identities.

ESG - Environmental, Social, and Governance 2023 report14Our People

Initiatives
Equitable talent management
Spearheading our diversity efforts, our sites in the United States continuously work to
strategically source a diversity of potential job candidates through external
partnerships with leading organizations and associations focused on DEI. At ourheadquarters in Tel Aviv, we are taking steps to improve our representation from theArab-Israeli community and female representation in R&D roles, with initiatives inplace to help us recruit from local groups that we feel are underrepresented in our
workforce.

Creating and Fostering ERG communities
We have nine Employee Resource Groups (ERGs), with global membership in the
majority of them, which enable our organization to focus on inclusion through theefforts of community building. Our ERGs are able to amplify the voices of thecommunities that they represent through education, observance, and celebration.

Office facilities
Our offices are designed to support our work culture. We promote ownership andtransparency with a completely open workspace and glass-walled conference rooms.
There are no private offices, without exception. Our meeting rooms are optimized forboth online and face-to-face meetings to facilitate seamless collaboration between
employees globally. We also strategically place hundreds of dashboards throughout
the office to encourage transparency and data-driven decision-making.

Employee Speak-up Program
We pride ourselves on maintaining a culture where employees can feel comfortablespeaking freely to their direct managers as well as our company leadership. We also
know that sometimes speaking up can be difficult. In order to empower all employees
to feel comfortable speaking up, we have an anonymous hotline where employees
can directly reach out to our Chief People and Legal Officer (or, in specific situations,the Chairman of our Audit Committee).

ESG - Environmental, Social, and Governance 2023 report15

Our People

Employee wellness
We work continuously around the globe to support the physical and mental wellbeing of our employees. To promote physical health, we offer medical checkups
throughout the year, physical fitness classes, a full gym, sports groups, nutritionist
services, and alternative medicine services. We also prioritize our employees’ mental
health by offering in-office and confidential therapy sessions, free subscriptions to a
meditation service, meditation rooms, and a daily mindfulness group.

Talent development
We are committed to the personal and professional development of all our
employees. We have several programs in place offering external learning resources
tailored to each employee’s professional growth path. We offer multiple internalcourses as well, including stock option education, employee knowledge sharing, andmore. An annual budget is reserved for each business unit within the company toprovide profession-specific education and training to their employees. We also havea comprehensive internal mobility program in place to empower employees to follow
their interests and seek new career opportunities within monday.com.

Through our learning and development programs, we work to continuously improve
the performance of our workforce and invest in the career development of each
employee. We also believe that one of the best ways to retain and develop our talentis by ‘leading the leaders’. We conduct onboarding and ongoing sessions with our
first-line and second-line managers to provide them with the tools they need to
manage, mentor and develop their employees. The sessions also empower them toeffectively address day-to-day managerial challenges and conflicts in order tocreate the best possible work environment.

ESG - Environmental, Social, and Governance 2023 report16

Our People

2024 goals
We strive to set new goals each year to guide us in constantly working
towards an inclusive and supportive workplace for all of ouremployees. Throughout 2023, we achieved many of our DEI-related
goals, including hosting regular ERG-planned heritage events for our
employees, providing our ERG Leads with external resources formentorship and guidance, and hiring of a Global DEI lead to further
build out our DEI strategy and plan. Some of our goals in 2024 include:

Introduce an inclusive leadership development program for people managers

Host quarterly ERG meetings & initiatives

Establish in leadership development programs for ERG leaders

Conduct a systematic review of our job descriptions and hiring processes

ESG - Environmental, Social, and Governance 2023 report17

Our Planet

Our planet
As a SaaS business, we do not have the same environmental risks ascertain more physical product businesses, but we understand that we
can still meaningfully contribute to environmental initiatives, in our ourown operations and beyond.

We measure and report our Scope 1,2 and 3 greenhouse gas (GHG) footprint. In 2023,
we began partnering with Watershed to advance our methodology in carbon footprint
measurement. As a result, we used a more comprehensive methodology, along with
updated data inputs, to more fulsomely calculate our GHG emissions. We have
likewise revised our emissions for 2022 to reflect this update to methodology and data
inputs, which includes certain emissions not captured by the prior methodology. We
are still in the initial phases of our carbon and climate risk evaluation and disclosures,and we anticipate that our methodology may continue to evolve in light of changing
regulatory, investor, and other stakeholder expectations.

Emission by year (tCC2e)51,25145,8272022

2023*2023 emission breakdown

As depicted above, the YoY increase in our GHG emissions is primarily due to ourbusiness growth, including marketing, products sold and travel. 

We saw a decrease in capital goods due to new offices we moved to in many sites
during 2022.

ESG - Environmental, Social, and Governance 2023 report18

Our Planet

As we begin our third year of building our sustainability program, we are proud toreport that we are planning the start of our carbon emission reduction efforts and tocontribute to global efforts to limit global warming. In order to do this, we are currently
working to develop and set ambitious goals in line with climate science and the aimsof the Paris Agreement, which we hope to communicate by our next sustainability
report.

In order to stay consistent with our measurement, we re-mapped our 2022 data with the Watershed platform. The results now show higher values than the one wereported last year, and its important to note that this observed uptick is not indicativeof an actual increase in our emissions. Instead, it is a reflection of enhanced carbon
footprint measurement methodologies and rigor. 

For example, our most recent measurement estimates Marketing, which were notcaptured in our previous measurements. 

Emissions by Scopes
Scope 1 129 tCO2e 0.3%

Scope 2 969 tCO2e 1.9%

Scope 3 50,153 tCO2e 97.9%

Direct release of greenhouse gases
from sources you own or control ( e.g.
company-owned vehicles or furnaces)

Emissions from the generation ofelectricity, steam, heat, or cooling thatyou purchase from companies (likeyour power utility).

Upstream emissions of products andservices you purchase, anddownstream emission when customers
use/dispose of your products.

Emission categories

ESG - Environmental, Social, and Governance 2023 report19Our Planet

Initiatives
Recycling
We have a zero waste goal in all of our offices with recycling infrastructure in all
relevant areas, and in 2023, we recycled 81% of the recyclable waste in our main
offices. We do not use plastic cutlery in our headquarters, and we use compostabledishes and cutlery at all of our events, which are then sent to an industrial composter.
Our goal is to properly sort at least 90% of our waste at our main sites in 2024.

Building Materials
For 2023, as we continued to expand to new sites and open additional offices, we put
an emphasis on the materials we use and furniture we purchase. We set internalgoals regarding using existing and second-hand furniture as much as possible, andbuilt a Certified Materials Library to be used by our internal workplace projects team.
We make sure to donate the materials we do not use, and we aim to recycle 95% ofconstruction demolition in dedicated plants.

Energy UsageAt our Tel Aviv headquarters, we are committed to reducing our electricity
consumption through the implementation of advanced technologies and are
constantly checking and iterating to see what works best. In 2023, this included
installing occupancy sensors that control light and air conditioning, which are in
addition to on top of the existing systems in our main sites. We are still in the learning
process, analyzing the results and continuing to identify the best solutions for eachcase.

For the year end 2023, 8.3% of our energy usage was from renewable sources up from
3.5% for the year end 2022. Throughout 2023 and into 2024 we set goals to enter into
agreements for many of our sites to rely on renewable energy. We are happy toannounce that our Sydney, Warsaw and London sites are now running on 100%
renewable energy, and we hope to announce in the future that additional sites have
moved to renewable sources as well.

ESG - Environmental, Social, and Governance 2023 report20

Our Planet

TravelWe are actively monitoring our flights, understanding where we can curb travel, andlooking into sustainable hotels. In 2023, we implemented a company-wide policy that
our hotel reservations must take sustainability rankings into account. All of these
efforts are constantly measured and shared with management and employees.

EventsIn 2023, we formalized all of our sustainable efforts for our global events into one
official internal policy. The policy includes goals for waste reduction and recycling,food and decor donation, more sustainable giveaways (swag), and carbon footprint
measurement. In our annual customer conference, Elevate, we achieved these goals
and expect to raise the bar for next year’s event goals.

We work with sustainable vendors for branding printing, zero waste catering, waste
recycling solutions, and donating all decor following the event.

Forests planting
In a significant stride towards nurturing a greener planet for future generations,monday.com is working with Ecologi, a climate action platform, to fund the planting of
266,500 trees across four diverse projects and locations. This ambitious initiative ispart of our corporate responsibility ethos and commitment to reforestation andecological restoration. It aims not only to mitigate the impacts of climate change, butalso to foster local biodiversity, enhance soil health, and support local communities inachieving various sustainable development goals.

Changalane,
Mozambique

Forest Gardens,
Tanzania

135K 55K

trees funded bymonday.com have been planted

Representing 100% of
the planned
commitment

trees have beencommitted bymonday.com, of which 45,833 trees
have been planted Representing ~83.3% of
the planned
commitment.

Marotaola,
Madagascar

5K

7

trees have beencommitted bymonday.com, of which 64,759 trees
have been planted

Representing ~86% of
the planned
commitment.

ESG - Environmental, Social, and Governance 2023 report

estoring degradedgrasslands in Brazil

R

4

K

trees funded bymonday.com havebeen planted, Representing 100% of
the planned
commitment.

21

Our Community

Our community

As a responsible business, we are passionate about contributing to thewell-being of our communities and society at large.

We realize that by leveraging our platform, our products, our skills, our people and our

culture, we have the potential

to significantly broaden our impact , reach a large

number of communities and contribute to a variety of meaningful causes. These

range from supporting Israel's tech ecosystem to improving the operations of

nonprofit organizations worldwide.

Emergency Response Team (ERT)The ERT partners with the humanitarian aid sector to enhanceand scale its core disaster response operations and impact withthe monday.com platform and auxiliary services.

The team provides on-the-ground support and complete digital transformation in thedisaster life-cycle, including in the preparedness, response, and recovery stages.

This includes disaster consultation, pro-bono monday.com licenses, tailored

implementations, donation of tech equipment and ongoing support. 

The ERT’s work is executed with the support and participation of monday.com

volunteers. These volunteers are ready to travel to crisis areas as emergencies occur

and support

digital needs as they arise.

As of the end of 2023, our ERT reached 22 disaster areas, enabling emergency

response organizations to react in the fastest, most efficient way possible.

22

32

83

Countries

Projects

monday.com
volunteers

ESG - Environmental, Social, and Governance 2023 report22

Our Community

Disaster areas supported by ERT*
Wildfire

Environmental

Armed conflict

Earthquake

Biological

Hurricane/flood

Refugees

Multi type

PolandGermany

UkraineSwitzerland

Moldova

Romania
TurkeyNew York
DC

IsraelMorrocoMaui

Afghanistan

FloridaMexicoPuerto Rico

India

GuatemalaPhilipines

Ethiopia

Colombia

UgandaTanzania

EswatiniBrazilSouth Africa
Argentina*The data is as of Dec 31, 2023

ESG - Environmental, Social, and Governance 2023 report23Our Community
The Emergency Response Team and monday.com volunteers, building a tailored NGO registration and ITEM relief delivery request workflow with Airlink

Airlink

Disaster relief item delivery

In this project, we partnered with Airlink, an international NGO that delivers critical aid
to communities by providing free airlift and logistical solutions to disaster responseorganizations. 
 

The ERT created a platform for the registration and management of first responders
and cargo in disaster zones, including digital collaboration tools, passenger andcargo registration, and process validation and management.

Created a platform to

Digitized theTrained a team of register and manage

registration and

10 Airlink staff on theover 1,500 firstmanagementmonday.com

responders and 1,300

process for 240

platformtons of cargo each

Airlink aid partners

year

ESG - Environmental, Social, and Governance 2023 report24Our Community

HAF

Morocco earthquake

In this project the ERT partnered with the High Atlas Foundation (HAF), a leading
Moroccan aid organization that supports local communities and farmers through aid
and agricultural development projects.   

The ERT arrived three days after the earthquake to create a needs assessment toolthat feeds into a distribution management system for relief supplies delivery.

The Emergency Response team in Morocco, supporting aid organizations with offline medical need assessment exercises.

Created a digital

Teamed up with overTrained a team of

platform to manage

70 community

five HAF staff

the collection of needs

leaders working withmembers on thefrom over 375 villages

the High Atlas

monday.com

and the distribution ofFoundation, who

platform

over 490 tons of relief

collected data fromsupplies throughout

the communities

the Atlas mountains

ESG - Environmental, Social, and Governance 2023 report25

Our Community

PDFR

Philippines typhoon

In this project we partnered with The Philippine Disaster Resilience Foundation (PDRF),
a major disaster response organization tasked with the coordination of disaster risk
reduction.  

monday.com’s Emergency Response Team (ERT) designed and implemented acomprehensive EOC management solution including relief item management, needs
assessments, visualization tools, and streamlined reporting.

Designed a digital solution for the management

Trained a team of 15

and coordination of two large emergency

PDRF staff on the

response operations, supporting mobilization of

monday.com

aid to over 10,000 households

platform

The Emergency Response Team and monday.com volunteers building an emergency operation center for PDRF in the Philippines.

ESG - Environmental, Social, and Governance 2023 report26monday.com
for Non-Profits

Our
Community

monday.com for Nonprofits
The monday.com for non-profits initiatives have the mission to help
nonprofits create a greater impact by leveraging the power ofmonday.com’s platform. We do so by providing non-profits who arepart of our program free licenses to use monday.com, dedicatedsolutions such as donor management and resource management,
assistance from our employee volunteers, and more. We want to takethe opportunity here to highlight some of the non-profits we areworking with and the impact monday.com has had on their work.

What we’ve achieved in 2023

13.5K
active accounts on

3.1K

our Nonprofit
Program from 124 countries

members in ourcommunity for nonprofits
using monday.com

1,000
individuals working or volunteering at
nonprofits participated in our online andin-person dedicated trainings

ESG - Environmental, Social, and Governance 2023 report27

Our Community
Hila (coordinator), together with Tom (volunteer), training a local trainer about onion seedling management, 2014 in dire dawa, Ethiopia

Hila (East Ethiopia coordinator) and Mohammad (trained farmer), during tomato harvest, 2014 in dire dawa, Ethiopia

Hila and a farmer's child during tomato harvest, 2014 in dire dawa, Ethiopia

Fair Planet

Fair Planet’s mission is to increase food security and provide new economic
opportunities for the millions of farmers stuck in poverty across Africa.

“The impact of managing training through monday.com
is tremendous… 
it allows us to collect much more data than before, andhelps the team in the field to provide a professional and
immediate response to the farmer. Managing the training
Eden Peled
Training Manager

through monday.com allows us to work more efficiently
and thus reach many more farmers”

ESG - Environmental, Social, and Governance 2023 report28

Our Community

Wildlife Images

Wildlife Images’ mission is to save native wildlife through animal
rehabilitation and community education.

Mark Wareing
Director ofOperations“The biggest impact has been a huge reduction in wasted
time, resources, and staffing. This has allowed us to more
quickly meet operational objectives, made us more
nimble, and ultimately has helped our bottom line by
reducing financial waste as a result of operational
inefficiency. We’re doing more with less thanks tomonday.com.”

One of our wallabies getting some love from a campus guests during a discussion on
wallabies and their habitat

Mark Wareing, Director of Operations, on a community events ‘Wildlife
Images’ participated in: Children's safety fair.

ESG - Environmental, Social, and Governance 2023 report29Our Community
Natalie Jorgensen - Learner Experience Lead, Letsiwe Nhlapho - Community Coordinator, Thabile Nhlapho - Accreditation Lead, Megan Joscelyne - Special Projects
Manager - the learner Eexperience team working on organizing certificates for learners who completed their respective programs, Johannesburg, South Africa.

Umuzi

Umuzi works to increase social equality in Africa through digital education,
via offering marginalized groups access to upskilling programs centeredaround high-value tech jobs.

“monday.com has made us more fit for the purpose we
aim to serve. We are able to improve on the product weoffer young marginalized people, and improve on the
product we offer our employer partners. monday.com hashelped us continue moving the needle on access toSarah Lawson
Community Lead at
Umuzi + the African
Coding Network.

education and social inequality. The running joke in our
team is actually that everyone calls monday.com "MOM"
because she really does take care of us, in every aspect of
the word.”

ESG - Environmental, Social, and Governance 2023 report30

Our Community

Tech school
We opened our "Tech School" program in 2023, which aims to help
bridge the digital divide, and to help students from underserved
communities gain skills to succeed in the technology industry. 

Over the past year, we have built the foundations of the program and piloted it in 3
schools in Israel and New York City, with a goal to reach 20 schools in each location in
2024. The Tech School training covers AI, 3D printing, and social impact technologies. The
classes are taught by world-class experts in these fields, providing both teachers andstudents direct training in these cutting-edge technologies. Using these tools, we aim
not only to give students relevant skills for a future career in technology, but also to
encourage creative thinking and problem solving capabilities, all while breaking down
barriers to entry in the technology industry. 

As part of the program, we also invite the students to visit our offices and meet with
our employees in order to help them understand how the knowledge that they havegained can help them to one day succeed in professional technology settings.

monday.com volunteer and 10th grade student working on Tech Schools 3D design challenge

10th grade student sketching a self driving flying bus.

10th grade class and design mentors: monday.com, Google, Cisco, Salesforce and Twilio - working on Tech Schools Hackathon challenges

ESG - Environmental, Social, and Governance 2023 report

Student and design mentors accept the “Most Impact Award”

31

for Non-Profits

Omonday.com
ur Community

Startup for Startup
Startup for Startup is a platform created by monday.com for startups
to share knowledge, experience, and insights with one another. As partof Startup for Startup, we currently run the following initiatives:

Podcastcommunities, one of which is “TheWith over 1M listens, the Startup forFounders” - Startup for Startup’s woman

Startup podcast gives an opportunity tofounders community, which currently

learn and gain practical insights from

includes 70 members. The community

people who you rarely get to hear from,holds round-table discussions,such as CEOs and founders of leading

networking meetups, professionaltech companies.

lectures, and above all provides a spacefor every woman founder to consult, ask
questions and help others.

“People in general, andentrepreneurs specifically, have somany doubts along the way. What
you do is take each and every doubt
and ‘disassemble’ them. 

Connections initiative

Startup for Startup’s community includesa ‘connections’ platform, where people

Thank you so much for that. It’s hardfrom the startup ecosystem can book a

to find to words to describe how

meeting with leaders in the industry. So

much you help.”

far, more than 2,300 connections have

Moshe Weizman, been made, 800 emails were sent, andFounder of Wineing

more than 500 meetings werescheduled through the website.

“I found my

CTO through the Startup

for Startup website. It’s truly a great

Sub communities

In order to create an intimate, safe
space for people in the Israeli startup
ecosystem, we built sub-communities

platform”

Daviv Popovich, 

Co-Founder of GoHybrid

within the largerStartup for Startup
community. We currently run four sub-G - Environmental, Social, and Governance 2023 reportES32

Summary

Notes and disclaimers
In addition to historical facts, this report contains forward-looking statements within themeaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking
statements are subject to risks and uncertainties and include information about possible orassumed future results of our business, financial condition, results of operations, liquidity, plansand objectives. In some cases, you can identify forward-looking statements by terminology
such as "may," "might," "will," "could," "would," "should," "expect," "plan," "anticipate," "intend," "seek,""believe," "estimate," "predict," "potential," "continue," "contemplate," "possible" or the negative of
these terms or similar expressions. We have based these forward-looking statements largely on
our current expectations and projections about future events and financial trends that we
believe may affect our business, financial condition and results of operations. Forward-looking
statements involve known and unknown risks, uncertainties and other important factors that
may cause our actual results, performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by the forward-looking
statements, including, but not limited to those discussed in the Risk Factors of our Annual
Report on Form 20-F. You should not rely upon forward-looking statements as predictions of
future events. Although we believe that the expectations reflected in the forward-looking
statements are reasonable, we cannot guarantee that future results, levels of activity,
performance and events and circumstances reflected in the forward-looking statements will
be achieved or will occur. The estimates and forward-looking statements contained in thisannual report speak only as of the date of this annual report. Except as required by applicablelaw, we undertake no obligation to publicly update or revise any estimates or forward-looking
statements whether as a result of new information, future events or otherwise, or to reflect theoccurrence of unanticipated events.

Additionally, this report contains statements based on estimates and assumptions, which may
require substantial discretion and forecasts about costs and future circumstances, as well as
standards and metrics (including standards for the preparation of any underlying data) thatare still developing and internal controls and processes that continue to evolve. For example,
methodologies regarding the measurement and reporting of greenhouse gas emissions andother ESG metrics continue to evolve, and we cannot guarantee that our approach will alignwith the preferences of any particular stakeholder. We may also rely on certain third-party
information in certain of our disclosures, which involves certain important risks. For example,
third-party information may change over time as methodologies and data availability andquality continue to evolve.
ESG - Environmental, Social, and Governance 2023 report33Summary

These factors, as well as any inaccuracies in the third-party information we use, including in ourestimates or assumptions, may cause results to differ materially and adversely from estimatesand beliefs made by us or third parties, including regarding our ability to achieve any goals.

While we are not aware of any material flaws with the information we have used, except to theextent disclosed, we have not undertaken to independently verify this information or theassumptions or other methodological aspects underlying such information.

While certain matters discussed in this report may be significant, any significance should not
be read as necessarily rising to the level of materiality used for the purposes of complying withor reporting under the U.S. federal securities laws and regulations, even if we use the word"material" or "materiality" in this report or related statements. Moreover, given the uncertainties,
estimates, and assumptions required to make some of the disclosures in this report, and thetimelines involved, materiality is inherently difficult to assess far in advance and we may not beable to anticipate in advance whether or the degree to which we may not be able to meet ourplans, targets, goals, or other evolving expectations.

As a final note, website and document references throughout this report are provided forconvenience only, and the content on the referenced websites or documents is notincorporated by reference into this document.

ESG - Environmental, Social, and Governance 2023 report34Summary

Appendix I SASB disclosure tables
SASB Code

Accounting Metric

2023

Environmental Footprint of Hardware Infrastructure
TC-SI-130a.1(1) Total energy consumed, (2) percentage gridelectricity, (3) percentage renewable

Total energy consumed in 2023 was 2,497,669kWh, out of which
8.3% was from renewable sources and 91.7% grid.

We have factored in the percentage of renewable energy
produced in each country where our sites are located.

At some of our sites, we have renewable energy purchaseagreements in place:

Sydney - virtual power purchase agreement (covers 100% ofconsumption). This accounts for 2.4% of our total energy
consumption.

London - virtual power purchase agreement (covers 100% ofconsumption). This accounts for 2.3% of our total energy
consumption.

TC-SI-130a.2(1) Total water withdrawn, (2) total water
consumed, percentage of each in regions withHigh or Extremely High Baseline Water Stress

Our total water consumption in 2023 was approximately 12,000
metric tons, 90% of which were withdrawn from water sources (inour Tel-Aviv office, which is responsible for 59% of total
consumption, 17% of water consumption arrives from AHUs
condensation water for toilet flush and is not defined as withdrawn
water). Out of all of our global sites, Israel is the only one that has
been ranked by the World Resources Institute as suffering fromextremely high baseline water stress. Israel is the only site from ourtotal site list that uses desalination as a water source (75% of wateruse).

TC-SI-130a.3

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

We outsource our data centers to AWS and Google, both
represented to monday.com that they have a policy for using
renewable energy for their data centers. For monday.com's carbon
footprint, please refer to pages 18-19 above.

Data Privacy & Freedom of Expression
TC-SI-220a.1

Description of policies and practices relating tobehavioral advertising and user privacy

Please refer to our security and privacy white paper, and to our
privacy policy, available at our Trust Center.

TC-SI-220a.2

Number of users whose information is used forsecondary purposes

We use user personal data only as described in our Privacy Policy.

TC-SI-220a.3

Total amount of monetary losses as a result oflegal proceedings associated with user privacy

None.

TC-SI-220a.4(1) Number of law enforcement requests for user
information (2) Number of users whose
information was requested (3) Percentage
resulting in disclosure

We currently don’t disclose this information.

TC-SI-220a.5

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

We comply with applicable U.S and Israeli regulations related toembargoed countries, including denying access to our platform byusers located in such countries.

TC-SI-230a.1(1) Number of data breaches (2) Percentage
involving personally identifiable information (PII)(3) Number of users affected by data breach

During 2023, we had no material breaches.

TC-SI-230a.2

Description of approach to identifying andaddressing data security risks, including use ofthird-party cybersecurity standards

Please refer to pages 9-11 above and to our Trust Center.

Data Security

ESG - Environmental, Social, and Governance 2023 report35Summary

SASB Code

Accounting Metric2023

Recruiting & Managing a lo al Diverse & SkilleG

TC-SI- 0a.1
33

b

,

orkforce

d W

Percentage of employees thatre uire a work visa

Appro imately 3 .

mployee engagement as a percentage

Please refer to pages 1 -1 above.

Percentage af gender and racial ethnic grouprepresentation for (1) e ecutive management,(2) non-e ecutive management, (3) technicalstaff, and ( ) all other employees

Non-e ecutive management comprises of 2 women and 2
men. or other groups representation, please refer to pages 12-1
above.

x

  

% *

q

TC-SI- 0a.2
33

TC-SI- 0a.
33

3

E

/

x

x

5

6

x

8%

F

7

’

%

4

4

Intellectual Property Protection & Competitive Behavior
TC-SI-520a.1

Total amount of monetary losses as a result oflegal proceedings associated with anticompetitive behavior regulations

None.

Managing Systemic Risks from Technology Disruptions*

TC-SI-550a.1

Number of (1) performance issues and (2)service disruptions; (3) total customer
downtime

Please refer to our status page.

TC-SI-550a.2

Description of business continuity risks related
to disruptions of operations

Please refer to our security and privacy white paper, available atour Trust Center.

Data updated as of June 2 2
04

SASB Code

Activity Metric

2023

TC-SI-000.A(1) Number of licenses or subscriptions, (2)percentage cloudbased

As of December 31, 2 23 we had 22 ,were cloud-based.

TC-SI-000.B(1) Data processing capacity, (2) percentage
outsourced

1

TC-SI-000.C(1) Amount of data storage, (2) percentage
outsourced

1

0

00%

00%

customers, 100%

of which

is outsourced.

is outsourced.

SG - Environmental, Social, and Governance 2023 report

E

5 000

36

Summary

Appendix II UN SDGs 

disclosure tables

UN SDGUN SDG

Details

Please refer to pages 22-26 above.

Please refer to pages 22-26 above.

Please refer to pages 27-32 above.

Please refer to SASB metric TC-SI-330a.3 above and page 12 above.

Please refer to SASB metric TC-SI-130a.2 above.

Please refer to SASB metric TC-SI-130a.1 above. and pages 18-19 above.

Please refer to SASB metrics TC-SI-130a.1, TC-SI-330a.2 above and pages 15-16 above.

Please refer to pages 27-32 above.

Please refer to SASB metric TC-SI-330a.3 above and pages 12-14 above.

Please refer to SASB metric TC-SI-130a.3 above.

Please refer to SASB metrics TC-Sl-130a.1-TC-SI-130a.3 above, and pages 18-21 above.

Please refer to SASB metrics TC-SI-220a.1-TC-SI-220a.5, TC-SI-230a.1-TC-SI-230a.2, TC-SI-520a.1 and TC-SI-550a.1-TC-SI-550a.2 above.

ESG - Environmental, Social, and Governance 2023 report37