ESG

2022

E N V I R O N M E N TA L
SOCIAL
GOVERNANCEREPORTTable of Contents
INTRODUC TION

SOCIALAPPENDIX

Board of Directors . . . . . . . . . 24

About This Report . . . . . . . . . 28
Frameworks and Standards

A Message from our CEO . . . . . .

03

Our People . . . . . . . . . . .

About Matterport . . . . . . . . .

04

Diversity, Equity and Inclusion . . . . . 15

Board Oversight of ESG

Employee Resource Groups . . . . .

Ethics and Compliance

Company Overview
Mission, Vision and Values

Our ESG Strategy . . . . . . . . .

05

Materiality
Stakeholder Engagement

16

Global Code of Conduct and Ethics

Courageous Discussions

Anti-corruption Policy

Talent Attraction and Recruitment

Ethics and Compliance Hotline
18

New Hire Training

Understanding our Impact

Overview of Benefits

Facilities

Privacy Policy
Privacy Training

Performance Management and Compensation

Cybersecurity

Product Footprint . . . . . . . . . 10

Employee Engagement

Cybersecurity Program

Supply Chain

Surveys

Training and Simulations

Empowering Sustainability

Communicating with Matterpeeps

Avoided Emissions . . . . . . . .

11

Carbon Calculator

From Buildings to Conference Booths . .
Biodiversity and Natural Capital
Climate Risk and Resilience

Social Impact . . . . . . . . . .
Matterport Cares

12

Matterport Academy
Inclusive Design

25

Data Privacy

Leadership Training

Health, Benefits and Wellness . . . . . 19

Key Findings

Forward Looking Statement

Human Rights
Data Privacy and Cybersecurity . . . .

Ongoing Training

08. . . . . . . 24

EMERGE

Talent Development . . . . . . . .

ENVIRONMENT
Environmental Strategy . . . . . . .

14

GOVERNANCE

Risk and Crisis Management . . . . .
21

27

Risk GovernanceBusiness Continuity and Resilience
Supply Chain Management

Accessibility

Supplier Code of Conduct

Matterport DiscoverSupplier Management

Exploration to Equity
Knowledge Sharing

CONTENTS

2A Message from Our CEO
Over the past year, political instability, the war in Ukraine, global supply chain issues,
economic volatility, inequality and severe climate events were just some of the challenges
faced by businesses, people and our planet. Against this backdrop of uncertainty, we’realso living in a time of great opportunity. Companies like Matterport have a significant
role to play in addressing many of these challenges, helping to ensure a brighter futureand better world for our next generation.
Matterport’s Digital Twin Platform fundamentally
improves the way people access, understand, andutilize their properties. Accessibility, inclusivity andsustainability are built directly into our businessmodel, embedded in our values and woven into thefabric of our existence. They are reflected in our
workplace, workforce and culture and underpin theframework for how we do business. Our mission to
make every space more valuable and accessible isdirectly tied to our commitment to ESG in ways that
can have a huge impact on the world and help movethe needle for humanity in the right direction. This iswhat drives us forward.
Our 3D digital twins, along with our AI datacapabilities, create a positive impact by connecting
the world. Our technology is freely available to anyone
with a smartphone. For example, our Exploration to
Equity philanthropic program opens virtual doors tomuseums, historic sites, monuments and places ofsocial significance, bringing them to life for people
who may not get to see them in person, and at thesame time, democratizing access to physical spaces.
For our customers, every solution begins with a digitaltwin, which provides unique insights and versatileassets that empower them to effectively market,
manage and build properties. Our technology has the
INTRODUCTION

power to digitally transform operations, processes
and activities that take place in the approximately
four billion existing buildings and structures aroundthe world. Our AI-powered capabilities — madepossible through our technical leadership in spatial
data, computer vision and deep learning — generate
insights that help customers make smart decisions,faster. Plus, our new automated capabilities further
reduce the need for frequent site visits and travel,
providing a significant impact against ourcustomers’ sustainability goals.
In this report you’ll read about some of our new
innovations that expand the use of our digital twins
to answer an endless variety of business-criticalquestions that enable our customers to make better
decisions more quickly — from anywhere in theworld. We’re especially proud to highlight a newtool we’re building to help our customers determine
how much carbon emissions they avoid, and theamount of time and money they save, when using
our Digital Twin Platform.

out expectations for our suppliers and revamping ourentire Pro3 camera supply chain to become moresustainable. This year, we again partnered with anoutside carbon accounting firm to help us better
understand our climate footprint, and while we’re stillin the early stages of developing our environmental
strategy, we are committed to environmental
stewardship and transparency.
I believe deeply in the purpose and potential of
our company and in our Matterpeeps around theworld who fuel our innovation and dedication tocreating a legacy of positive impact. I’m proud ofwhat we accomplished in 2022 and I am looking
forward to improving on our efforts in the days
and years to come.

RJ Pittman
CHAIRMAN AND CEO

We’ve also made significant strides internally as weevolve and progress on our own ESG journey. In 2022,
we shared our first ESG Report. Since last year, wehave taken some big steps to reduce our own carbon
footprint by taking a look at our facilities, clearly laying
3About Matterport
Founded in 2011, Matterport is leading the digitization and datafication of the built world.
We believe the digital transformation of the built world will fundamentally change the way
people across the globe interact with buildings and the physical spaces around them.
Since our founding, our pioneering technology has set
the standard for digitizing, accessing and managing
buildings, spaces and places online. Our platform’s
innovative software, spatial data-driven scienceand 3D capture technology are continuing to break
down the barriers that keep buildings and physicalspaces offline and underutilized. The digitizationand datafication of the built world will continue tounlock operational efficiencies, foster accessibility
and inclusivity and drive sustainability. We believe
Matterport is the platform to lead this enormous
global transformation.

The Matterport platform is designed to work with awide range of cameras, as well as smartphones, tosuit the capture needs of all our subscribers. This
provides the flexibility to capture a space of any size,
scale and complexity, at any time and anywhere. For
information on our 3D capture products, please see
our 2022 Annual Report on Form 10-K.

Company Overview*$136.1 million

9.2 million

701,000+

590

170

6

in revenue

spaces under management

subscribers

full-time employees across 13 countries

countries reached by our digital twins

locations, including our headquartersin Sunnyvale, California

28 billion +square feet of space digitized across multiple industries

Mission, Vision
and Values

Our Three Dimensions of Matterport arefoundational to our culture and our success.

MISSIONO U R VA L U E S

O U R B E H AV I O R S

Make every space morevaluable and accessible

Be a Leader

Generate Energy
Create Clarity
Be Accountable

Be Inclusive

Seek Different Perspectives
Foster an Open Dialogue
Create a Sense of Belonging

Be the Customer

Understand Them
Delight Them
Help Them Win

VISION
Fundamentally improve the way
people understand and interact
with the physical world*As of December 31, 2022

INTRODUCTION

4

Our ESG Strategy
While we are still in the early stages of our ESG journey, we have always been mindfulof our responsibility to act in an environmentally and socially conscious manner andare committed to continuous improvement in this regard. Our ESG strategy is part ofour overall business strategy and the passion we bring to helping our customers
reach their sustainability goals also drives our day-to-day decision making. We believe
this holistic approach to ESG will positively impact the planet, the people whose lives
we touch and our bottom line.

Our ESG strategy is focused on 6 key topics most impactful
to our stakeholders and our business.
Human Capital Management

Data Privacy and Cybersecurity

Our employees are our greatest asset and criticalto our success, and we focus on building a
supportive, inclusive workplace and culture thatembraces diverse perspectives, encourages
collaboration and enables growth, opportunityand continuous improvement.

We deeply understand the value and importance ofprotecting information and work to safeguard ourplatform and networks from external threats andhandle information in a secure and responsible way.

Diversity, Equity and Inclusion (DEI)

We hold ourselves to the highest ethical standards
and are deeply committed to doing business theright way — with honesty, integrity, transparency
and in compliance with applicable laws.

We understand that achieving a diverse andinclusive workplace is a journey that requires
action, trust, fairness, empathy, respect,transparency and accountability. We strive
to be diverse and inclusive in every aspectof our business.

Product Responsibility

Climate Change

M AT E R I A L I T Y

We apply circular economy principles to our
products, designing longevity and sustainability
directly into our products.

We are committed to reducing our own carbon
footprint through sustainable practices and putting
our innovative technology and platform to work to
help others do the same.

In 2021, we engaged Nasdaq ESG Advisory to assess our current ESG policies and initiatives. We also conducteda survey of our key stakeholders, including our employees, to identify the key ESG priorities for Matterport.
We developed our ESG strategy as a result of these assessments. For information on ESG oversight, please refer tothe Governance section in this report.

Business Ethics

INTRODUCTION

5S TA K E H O L D E R E N G AG E M E N T

We gain valuable insight by engaging
with our stakeholders on a regular basis.
We are committed to building strong
relationships to help us prioritize criticalissues, including material topics.
Employees
We believe it is important to listen to our employees.
We proactively seek feedback and guidance from ouremployees, whom we see as our partners in building
a strong culture. We engage with our Matterpeeps ina variety of ways, including our engagement surveys,
companywide town hall and all-hands meetings,
employee resource groups, mentoring programs
and performance reviews.
Customers
Our account management teams work directly with
our subscribers and our sales teams to onboard
subscribers, to articulate the value and scope of ourservices and drive engagement and utilization of our
products and services. We also engage our customers
by teaming up with them to pilot new features andinitiatives to help them come up with creative ways
to use our products and platform to reduce energy
consumption and their own carbon emissions.
Investors
We engage with our investors during our quarterly
earnings calls, our Annual Meeting of Stockholders,through information included in the Investor Relations
section of our website and within our regular filings
with the Securities and Exchange Commission. In
addition, we participate in a variety of conferences,webcasts and other investor events designed to
INTRODUCTION

provide access to significant information relating
to our operations, strategic priorities andfinancial position.
Suppliers
We engage with suppliers through our Supply Chain
Team, who ensure our suppliers meet specificquality standards and comply with all regulatory
requirements. We have implemented a Supplier Codeof Conduct and a Supplier Qualification Process. We
also work with suppliers to enhance our sustainability
efforts through environmental policy alignment andcommitments to reducing their environmental impact.
Third-party Developers
Through our platform’s open ecosystem, our thirdparty software marketplace has created a platform
where developers and partners can tap into ourapplication programming interfaces (API) andincorporate Matterport into their own workflows.
Through integration with our open, scalable andsecure enterprise platform, organizations acrossnumerous industries have been able to automate
workflows, enhance subscriber experiences
and create custom extensions for high-value
vertical applications.
Communities
Matterport is a collaborator and contributor in many
user, employee and designer communities and wework to ensure our products, services and content areavailable to anyone who wants to use them. We also
engage with our local communities through corporate
giving, employee donations and volunteerism.

6

ENV IRONMENTM AT T E R P O R T.C O M / E S G

7Environment
Climate change is one of the most significant challenges facing the world today, and at
Matterport, we believe a healthy, resilient world is good for everyone. We are committed
to reducing our own carbon footprint through sustainable practices and putting ourinnovative technology and Digital Twin Platform to work to help others do the same.

Environmental Strategy
For a global company, our physical footprint isrelatively small. We are a remote-first organization,accounting for an extremely light employee
presence in our facilities. Keeping this in mind, we
focus our strategy on reducing our environmental
footprint in ways where we believe we can achieve
the greatest impact.
At the start of 2022, we occupied six facilities:
Lawrence, Kansas, Chicago, Illinois, Rosemont, Illinois(acquired in July) and our headquarters in Sunnyvale,
California. We also maintained facilities in London andSingapore. We took measures to proactively reduce
our GHG emissions in areas where we could havean immediate impact, including closing our Kansas
facility, diverting more waste to recycling, responsibly
disposing of e-waste and encouraging email usage
rather than in-person meetings.

In 2022, we also revised our Global Code of Conduct
and Ethics to incorporate our views on environmental
operational compliance and sustainability andencouraged our suppliers to do the same by layingout the following expectations:• Consider the impact on the environment• Ensure compliance with all environmental laws
and regulations• Establish operational practices and deploy measures
to prevent and reduce harm to the environment• Commit to identifying, measuring and reducing theirenvironmental impact• Identify business risks associated withclimate change• Align with Matterport environmental policies

1. Since last year, we made the decision to recalibrate our Scope 3 2021 GHG emissions due to a change in our emissions factor selection. The U.S. Environmental Protection
Agency emission factors for our purchased services were applied this year, replacing the previous world-based emission factors. The decision to employ U.S.-based emission
factors for this category stemmed from our belief that they offer a more accurate representation of our emission profiles. This transition led to a reduction in emissions
associated with purchased services in comparison to the prior year. Consequently, the recalibration of last year’s results was applied to facilitate precise year-on-yearcomparisons. This alteration aligns with industry best practices recommended by the GHG Protocol.

ENVIRONMENTU N D E R S TA N D I N G O U R I M PAC T
Last year, we began collecting and reporting 2021
Scope 1, 2 and 3 greenhouse gas (GHG) emissions
for the first time to allow for monitoring, disclosing
and reducing its impact over time.1 Over the past
year, we once again partnered with an outsidecarbon accounting firm to help us better understandour climate footprint, measuring our Scope 1, 2
and 3 emissions for 2022, which is the second
year, and analyzing our year-over-year data. While
we’re still in the early stages of developing ourenvironmental strategy, we are committed toenvironmental stewardship and transparency
in our reporting practices.
Matterport’s total greenhouse gas emissions for 2022
were an estimated 11,669.28 tonnes of carbon dioxide
equivalent (tCO2e). This included:• Scope 1 emissions from sources we owned
or controlled, such as gas consumption fromcombustion in our Sunnyvale headquarters — 0.15%
of our total footprint.
• Scope 2 indirect emissions from the generationof energy we purchased, such as electricity
consumption across all our facilities — 0.53% of our
total footprint.
• Scope 3 emissions in our value chain, including
purchased goods and services, distribution
and employee commuting — 99.32% of our
total footprint.

Scope

Tonnes of CO2e

Scope 1

17.33

Scope 2

62.26

Scope 3

11,589.69

Total

11,669.28

Emissions Intensity

85.72 (tCO2e / M.USD)

2022 Emissions
Scope 1
.15%

Scope 2
0.53%

Scope 399.32%

8

KEY FINDINGS

2021 and 2022 Emissions

2021

2022

1000

50

Scope 1

62.26

17.33

100

77.42

500

22.37

T C 0 2E

5000

11589.69

8436.41

10000

Scope 2EMISSIONS

Scope 3

In 2022, our total greenhouse gas emissions were
11,669.28 tonnes of carbon dioxide equivalent(tCO2e). The overall change in total emissions from2021 to 2022 (37% increase) is due to an increasein expenditures on third-party services. As theseemissions are primarily accounted for on a spend
basis, the increase in total expenditures has caused anincrease in total emissions. Decreases in our Scope 1
and 2 emissions from 2021 to 2022 were a result of
less natural gas and electricity usage.
Since 2021, we decreased other key activity impacts
such as emissions from purchased materials for thePro2 and other goods, decreasing emissions by a
combined 1,507 tCO2e. Waste and Cloud Storage/
Usage saw significant decreases since 2021 due
to improvements in data quality. Through analysisof this data, we will continue to monitor our
performance on key activities to further reduce
our impact on the planet.

Decrease in Activity from 2021 to 2022

-789.56

ENVIRONMENT

Cloud Storage and Usage-30.64

Electricity-8.52

Natural gas-0.47

Other business travel
Other purchased goods
Pro2 - Purchased materials-717.6

Pro2 - Transport of materials to assembly site-134.69

Pro2 - Transport to customer-148.15

-800

-600

-400

-200

-4.43

Waste - General-0.08

Water service0

T C 0 2E

FAC I L I T I E S
Since the majority of our Matterpeeps work remotely,
the carbon footprint from our facilities is relatively low.
To increase efficiency, we closed our Kansas facility
in August 2022. As a tenant in the remainder of our
locations, we do what we can to make the 42,892
square feet of office space we do occupy as efficientand sustainable as possible. Our Chicago location isa LEED-certified building, and while location usage-35.63is low across all our facilities, our efforts include:
using energy efficient lighting, sensors and smart
thermostats, choosing green products, encouraging
electronic communications, and providing electricvehicle charging points for our employees. Moving
forward, to reduce environmental impacts andincrease cost efficiency, we plan to further
consolidate our facilities.

2.5 million: the total
number of digital twins
created in 2022.

9

Product Footprint
We apply circular economy principles to our products,
designing longevity and sustainability directly into
our cameras. They are built to last, and we provide
customers with repair and recycling services at
our headquarters in Sunnyvale, and plan to expand
these efforts globally by the end of 2023. Most
recycled cameras are refurbished and reused in avariety of ways, including for training and marketing
purposes, demonstrations or used in our loaner
program. Roughly 99% of our camera components arerecoverable and reusable. The remaining 1% that is
unrecoverable is responsibly recycled.

S U P P LY C H A I N
In addition, our next generation Pro3 camera uses aremovable battery, enabling customers to swap
out batteries rather than sending the camera
back for repair.
In 2023, we plan to partner with a global electronics
recycling and e-waste specialist, certified according
to the e-Stewards Standard for responsible e-waste
management, to include free recycling of Matterport
hardware and accessories that are beyond repair, acritical step in our efforts to reduce electronic waste.

In 2022, we reassessed and changed our supply chain
for our Pro3 camera and its manufacturing process.
Previously assembled at our headquarters from morethan 100 components manufactured and shipped in
by multiple suppliers, our modularized Pro3 camera is
now manufactured by an experienced global partner,with key critical components created in the same
region to minimize our logistics carbon footprint.
In addition, this ISO 9000 certified facility
manufactures 100% RoHS compliant components,
including the removable battery. This gives us RoHS
certification for the removable battery and many othercamera components in most European countries.

P O S I T I V E I M PAC T O F T H E P R O 3

Each Pro3 camera produces 120.1kg of
tCO2e from production to sale. 56% of theseemissions are the result of materials used and
40% come from transportation. In total, thePro3 accounted for 3.2% or 376.22 tCO2e ofMatterport’s total carbon footprint.

ENVIRONMENT

Moving forward, we plan to hire a local supply
quality manager to monitor and audit our Pro3
camera supply chain at all key facilities in theregion, including manufacturing, procurement andenvironmental sustainability.
E M P O W E R I N G S U S TA I N A B I L I T Y
According to the United Nations Environmental
Programme, the building and construction sector
accounted for more than 34% of global energy
demand and approximately 37% of energy andprocess-related CO2 emissions in 2021. Our
Matterport 3D digital twins empower sustainability byhelping to decrease the built world’s carbon footprint.
By turning millions of buildings and other physicalspaces into 3D digital twins, our platform takes away
the need to be physically present in many instances.
Our all-in-one virtual 3D data platform and Property
Intelligence artificial intelligence (AI) tools enable
collaboration, analysis and data sharing from justabout anywhere — providing our customers with avariety of ways to reduce energy consumption andtheir own carbon emissions.

In 2022, we sent 100%of our electronic waste
to a certified specialist
recycling firm.
10

Avoided Emissions
Last year, we commissioned independent carbon
accounting experts to calculate the emissions
reduction potential of using Matterport’s Digital
Twin Platform. The findings were compelling,
revealing an estimated 374,312 tCO2e of avoided
emissions through reduced business travel in 2021.
For additional information and methodology, pleasesee our inaugural 2021 ESG Report. Using this same
approach, Matterport digital twins created in 2022
resulted in an estimated 382,640.70 tCO2e of avoided
emissions.2 The source of emissions savings isavoided travel. Emissions savings were estimatedacross various sectors including construction,
facilities management, insurance, photography
and real estate.

“

C A R B O N C A L C U L AT O R
Not only does Matterport help us slash our carbon
emissions by reducing travel, it also enhances
training to ensure we all properly use our newenergy-efficient equipment. We’re constantly finding
new benefits from using Matterport.”

Rob Heijligers
Industry 4.0 engineer at
Nutricia Haps Danone
factory in the Netherlands

In late 2022, we began working with an outsidecarbon accounting firm to develop the methodology
for building a Carbon Calculator for our enterprisecustomers. The calculator takes a deep dive into anorganization and is personalized and customized foreach customer, considering their aggregate digitaltwin usage to determine how much money andtime were saved, and tCO2e avoided, by using the
Matterport Digital Twin Platform. The calculator willtake a holistic view of each customer, including thenumber of properties, the number of people engaged
with the project, the number of communications
sent, all the tools used on the platform, the numberof site visits and travel avoided, and more. We expect
to beta launch the calculator to our Tier-1 enterprisecustomers by Q1 2024. With their feedback, we willcontinue to iterate and scale in 2024.

For additional information on how Danone promotes efficiency with Matterport, please visit our website.

The average digital twin creator avoids around 0.55 tCO e a year. On average,2each digital twin can avoid around 0.15 of tCO e from being emitted on alife-cycle basis – equivalent to driving a personal car for around 451 miles.
2

2. This is a 2.2% increase compared to the previous year’s value, driven in part by the higher number of users and digital twins created.

ENVIRONMENT

11

From Buildings to Conference Booths
While many customers initially start using our Digital
Twin Platform for a facility, we work with them toinnovate and stretch their imaginations by creating
new features and ways to expand usage and deepen
efficiencies across an organization.
In August 2022, we launched our Views feature,enabling groups and large organizations to create
separate, permissions-based, curated workflows to
manage different tasks with different teams, making it
faster and easier for users to get the right informationin front of employees, customers or partners. And
in November 2022, we piloted Property Intelligence,
our powerful AI tool that can analyze any property
or portfolio, at scale, to produce valuable insights
tailored to the needs of all businesses. These insights
and analytics – available in minutes – can help
customers answer an endless variety of businesscritical questions and make better decisions more
quickly from anywhere in the world, with no needfor multiple site visits. In 2023, we have beenplanning to release a beta for automatedmeasurements capabilities.
Our customers are coming up with new ways to use
Matterport across their own organizations too. While
initially used for facilities, marketing departments andothers are using our platform in creative ways, such as
capturing conference exhibit booths in 3D to provide
a digital experience for people who can’t attend. Our
platform is also used to create simulated training
environments, assist in planning and wayfinding
during emergency situations, develop workspaces,
showcase experiences and more.

ENVIRONMENTB I O D I V E R S I T Y A N D N AT U R A L C A P I TA L

C L I M AT E R I S K A N D R E S I L I E N C E

The impacts of biodiversity loss and the depletionof natural resources pose a threat to people,
communities and businesses around the world.
While our operations may not have a significant
impact on biodiversity, we recognize that any loss
directly impacts the wellbeing of our employees,
customers, communities and the natural world. We
all have a role to play in protecting biodiversity andnatural capital by continuing to develop strategies
and practices to mitigate business impacts, as well as
developing partnerships, products and technology tohelp prevent further loss and depletion.

Preparing for and responding to climate-related risks
and opportunities, and helping our customers do
the same through our Digital Twin Platform, are key
aspects of our business strategy. New and evolving
climate risks that carry potential impacts
and uncertainties for our business, employees,
customers, investors and other stakeholders areconstantly emerging.

We believe our Matterport Digital Twin Platform, its
ability to enable collaboration, analysis, and data
sharing can help rethink global infrastructure,
resulting in smarter, more sustainable buildings
and cities of the future.

At Matterport, we are committed to managing
these risks by optimizing opportunities to act in anenvironmentally responsible way and prioritizing
potential areas of climate risk exposure — embedding
these risks into our ongoing risk management process
and working to design potential mitigation actions.

12

SOCIALM AT T E R P O R T.C O M / E S G

13Social
At Matterport, we put people first. Through our 3D Digital Twin Platform, we improve
lives and communities, enabling our employees, customers and other stakeholders totake part in building a more inclusive, accessible and equitable world.

Our People
Our Matterpeeps are our greatest asset and criticalto our success. To fuel and empower creativity,
bold thinking and innovation, we focus on building
a supportive, inclusive workplace and culturethat embraces diverse perspectives, encourages
collaboration and enables growth, opportunity andcontinuous improvement.

Led by our Chief People Officer, our People teamis responsible for building a positive employee
experience, team and culture at Matterport,
enabling our Matterpeeps to live their best lives
and do their best work.

2022 Workforce Data

590

Full-time employees

481

United States and Canada

74

Europe, Middle East and Africa

35

Asia-Pacific13Countries

Three Dimensions of Matterport
These principles are foundational to our culture and are embeddedin everything we do. We encourage our Matterpeeps to think likeleaders and share ideas. And we continually seek out different voices
and engage in honest conversations, knowing that by empowering
our workforce, we can boost job satisfaction, inspire creativity andinnovation and make our technology smarter for everyone.

SOCIAL• Be a Leader• Be Inclusive• Be the Customer

14

Diversity, Equity and Inclusion
We don’t just value differences at Matterport. We
prefer them. Diversity, equity and inclusion (DEI) is
central to who we are and is an important factor
in driving innovation and performance. We arecommitted to cultivating a diverse and inclusive
workplace and culture where everyone can thrive.
We are also invested in building and supporting aworkforce that reflects the diversity of our customers,
users and communities where we do business. Our
DEI efforts also extend beyond company walls, deep
into our marketplace, and fuel our vision to make every
space more valuable and accessible.

82% of Matterpeeps feel they can be theirauthentic selves at work.
We believe every employee should feel valued,
experience a sense of belonging and be confident
they can make a meaningful contribution as theirauthentic selves. We actively recruit the best and thebrightest, offer continuous learning and engagement
and foster open dialogue and feedback. Our policies
and products are designed to be fair and inclusive withequity at the core.

2 0 2 2 AWA R D S F O C U S E D O N D E I

At Matterport, we focus on advancing diversity
at all levels across the organization, including therepresentation of women and minorities in leadership
positions. We provide our managers the tools theyneed to be inclusive leaders and execute diversity andinclusion goals. We also train all employees on how
to recognize and respond to unconscious bias. Our
diversity and inclusion dashboard enables us to trackand monitor our efforts.

2022 DEI Highlights
Launched Elevating Matterpeeps’
Empowerment, Retention, Growthand Excellence (EMERGE)
talent development program forunderrepresented groups.
9 companywide events held byMatterport ERGs.
100% of Matterpeeps completed
Unconscious Bias training.

85% of Matterpeeps feel their manager cultivatesan inclusive environment.

Comparably Awards are provided annually to companies recognized by their employees as having a strong company culture. Additional Comparably Awards received by Matterport can be found here. In 2022, we tracked inclusion and belonging insights from our companywide Pulse Surveys.

SOCIAL

15

Employee Resource Groups
Our Matterport Employee Resource Groups (ERGs)
provide a safe space and supportive atmosphere,
based on diverse shared characteristics andexperiences. Our six ERGs, led by Matterpeeps,
build community by hosting robust discussions
and activities to educate, support and increaseawareness, while accelerating belonging andinclusion across the company.

In 2022, 67% of Matterpeeps were members of an
ERG, or attended an ERG meeting. An average of
81 Matterpeeps attended our 9 companywide ERG
events. Examples include the following:
B L AC K E M P L OY E E R E S O U R C E G R O U P
Juneteenth Event: On June 16, 2022, our BERG ERG
hosted an external guest speaker discussing thehistory and relevance of the federal holiday and its
relationship to the literacy crisis Black communities
are currently facing in the U.S. Matterpeeps also
discussed how Juneteenth is celebrated and how tocelebrate respectfully as an ally.
PRIDE
Pride Month Event: To celebrate Pride Month, amember of our Pride ERG led a discussion on
the journey of self-acceptance in the LGBTQIA+
community. Matterpeeps learned about theimportance of Pride Month, and the resilience andresistance of the LGBTQIA+ community through ahistorical lens.

“Our ERG is a great approach to connect
about disabilities or topics that we currently
experience or may experience. It’s one ofunderstanding, maintaining a positive outlook
and adapting. It has helped me immensely
and I hope to help others in the same way.”		

SOCIALERG Leader“

EMERGEI chose to be an ERG leader to help make adifference at Matterport and look forward
to continuing to provide an environment
where women can feel personally andprofessionally supported.”		

ERG Leader

Our 6-week, hands-on talent development programfor existing underrepresented talent, EMERGE, isdesigned for people who identify as BIPOC (Black,Indigenous, People of Color) and/or identify as
women or other marginalized genders. EMERGE
stands for Elevating Matterpeep’s Empowerment,
Retention, Growth and Excellence. Launched in 2022,
the program provides Matterpeeps an opportunity toincrease their business acumen through a DEI lensand elevate their executive presence.

Sessions explored topics such as the importanceof allyship, mentorship, how to talk about personal
accomplishments, communication in professionalsettings and navigating the tech industry as anindividual from an underrepresented group. In 2022, 8
participants learned from guest speakers and working
group collaborations, allowing them to engage andnetwork with Matterpeeps from various departments.
Our inaugural participants described the program as
enabling them to “feel more empowered to speak up”
and “have more confidence” and “trust” in their work.

16

C O U R AG E O U S D I S C U S S I O N S
Once a month, Matterpeeps come together to discuss
global issues, momentous events or other high-profile
topics that may lead to misunderstanding or division.
These Courageous Discussions forums provide
our Matterpeeps with the opportunity to share their
feelings in a non-political, respectful atmosphere,
while enabling them to learn from each other andunderstand different perspectives. Topics can range
from current affairs to disability, neurodiversity andwhat it means to be an ally. In 2022, we held
6 Courageous Discussion forums, attended
by 188 Matterpeeps.

Groupthink and bias are barriers to talent acquisition,
and we audit our hiring practices to ensure they are
fair, transparent, objective and inclusive. Our robust
recruiting strategy enables us to build relationships
and partnerships with vendors, agencies andschools, helping us engage, recruit and hire talentfrom all communities.
Jobseekers are encouraged to apply to our open
positions even if they don’t meet all requirements. We
even have a static Dream Job at Matterport positionon our career site to encourage candidates to apply
to Matterport if they believe they have skills andexperience that may be beneficial to the company.
As a remote-first company, we cast a wide net
for talent, recruiting and hiring outside of ourphysical office locations. While this enables us
to broaden our search parameters, it also provides
our employees with the flexibility and freedom thatcome with remote work.

TA L E N T AT T R AC T I O N A N D R E C R U I T M E N T
Against a backdrop of increasing competition for
talent, we work to identify, evaluate, recruit, manage
and retain the right employees to build a skilledworkforce and boost business growth. To attract,
engage and retain the very best, we empower ourworkforce, invest in our employees and focus onbuilding their capabilities to create, innovate,
adapt and develop.
Our Talent Acquisition team follows a consistent, yetspecialized process for each open position. Acting
as talent advisors, they provide kick-off sessions
with hiring managers to clearly define the role anddetermine the desired qualifications of candidates. At
the same time, the team builds a recruiting strategy
for each open position, taking into account insights
as they relate to market realities, availability of
talent in key locations, compensation expectations,immigration and availability of diverse candidates.

SOCIAL17

Talent Development

NEW HIRE TRAINING

We understand that employee success leads tocompany success and want our Matterpeeps
to flourish in their current roles or future career
paths. We prioritize career growth and leadershipdevelopment and encourage employees to become
CEOs of their own careers. We provide a variety ofdevelopment opportunities, including ongoing training
to build new skills through our monthly internal
training programs, the opportunity to access LinkedIn
Learning and a full course catalog from our Matterport
Learning and Development team.

While all new hires complete mandatory training, see
Governance section in this report, new Matterpeeps
receive specific training on our 3D Digital Twin
Platform, including a 90-minute product andtechnology session that provides them with extensive
knowledge on our products and their features andbenefits for our customers. In 2022, 97% of new
employees found the training content to be useful
within 60 days of their start at Matterport.
During new hire orientation, Matterpeeps also learn
how to install our Matterport mobile app to capture
and customize a space. This interactive training
enables new employees to share their scans anddiscuss the features they used.

In 2022, 100% of all new hires customized a spaceand created a digital twin, with 90% indicating theyfelt comfortable enough to connect with customers
within the first week. 70% had never used Matterport
products before, but felt comfortable and ready tocapture and customize using the Matterport app.
ONGOING TRAINING
We provide ongoing training to employees to further
their development, strengthen our culture and drivecompliance and quality across the organization.
Ongoing training includes coaching and in-depth
courses on themes like career enrichment andemotional intelligence, as well as professional
resources such as communication assessments.

Throughout the year, we also provide specialized
training on new Matterport products and features,
as well as training on skills relevant to Matterpeep
day-to-day responsibilities.
LEADERSHIP TRAINING
Our Matterport leaders receive one-on-one executive
coaching and personalized resources to enhance theirleadership skills. They also participate in quarterly
performance improvement sessions. In 2022, anaverage of 104 leaders attended one or more of thesesessions or participated in executive coaching.

2022 Highlights
317 Matterpeeps completed 48
Matterport professional developmenttraining sessions and courses,
with topics ranging from careerdevelopment to product knowledge.

SOCIALAn average of 162 Matterpeeps
attended our 12 monthly
companywide Matterport 1:1:1
hour-long sessions, focusing
on various business topics.

Approximately 135 Matterport
managers participated in 12
quarterly performance
improvement trainings.

18

Health, Benefits and Wellness
We understand that the success and well-being of
our employees in their personal and professional
lives is directly linked to our business success. We
encourage Matterpeeps to actively take care of theirhealth in a holistic way, focusing on the three pillars ofwellness: physical, mental and financial, and foster aculture of wellness by offering programs that provide
an opportunity for people to achieve balance in theirlives. At Matterport, we are committed to maintaining
a positive, safe, healthy work environment for all our
employees, and require compliance with allapplicable local laws and regulations
governing working conditions, working
hours, fair wages and compensation.
Our goal is to continue to create an environmentthat supports quality of life and a community where
people help each other thrive. We dedicate a variety ofresources and efforts, including a Wellness Advocate
to help address areas of overall improvement for our
Matterpeep community. Our open Slack channel onwellness enables employees to ask questions andprovide feedback. In 2023, we have been planningto launch a survey on all health and wellness
benefits offered in the U.S.

SOCIAL

Overview of Benefits*
H E A LT H

L I F E , FA M I LY & F L E X I B I L I T Y

RETIREMENT

OTHER

Comprehensive health plans(varies by country)
Matterport contributes 100% toemployee premiums and 90% offamily premiums in the U.S. In othercountries, we contribute a significant
amount to employee premiums

Flexible time off
We encourage our exempt teammembers to take time when and how
they need it. In addition we offer agenerous paid time off policy for
non-exempt employees

401(k)
Retirement program to help
U.S. employees with their futurefinancial needs

Matching gifts
Up to $400 in charitable match
contributions for qualified employee
donations to a qualifying charity of
their choiceWellness stipends
Special funds available to employees
to use towards wellness programsof their choice

Summer Fridays
7 global companywide summer
Fridays off, mid-June through firstweek of September

Employee Stock Purchase Program
Opportunity for U.S. employees topurchase shares of Matterport stock

Volunteerism
The company donates $10 for every
employee volunteer hour with aqualifying 501(c)(3) nonprofit up to$400 total in a calendar year

Wellness platform
Accessible to all employees, ourwellness platform provides
updated information on all wellness
resources, offerings, policies andcontact information

Parental leave (varies by region)• In the U.S., birthing parents areoffered up to 14 weeks paid
parental leave• In the U.K., birthing parents areoffered up to 1 year of parental leave• Non-birthing parents (surrogacy,
adoption and foster parents)
are offered up to 8 weeks paid
parental leave*May vary by region, country.

19

P E R F O R M A N C E M A N AG E M E N T
A N D C O M P E N S AT I O N
Our progressive performance management processoffers structured review cycles for employees andopportunities for mentorship. We complete quarterly
check-ins with our employees which include peer andupward feedback from their managers.
We are committed to delivering a competitive,
equitable, fair and transparent comprehensivecompensation program that supports and motivates
our employees, drives success and creates value forshareholders. We provide competitive compensation
to attract and retain talented employees, including
offering market-competitive salaries, bonuses (forexempt employees) or sales commissions, as well as
offering equity to exempt full-time employees at thetime of hire. For information on our 2022 executive
and director compensation, please refer to ourannual Proxy Statement.

SOCIALE M P L OY E E E N G AG E M E N T
Our Matterpeeps keep our culture strong and help
move our business forward. We value their input
and proactively seek feedback and guidance fromthem in a variety of ways. To continue engaging
our Matterpeeps, we encourage suggestions for
improvement, foster frequent engagement between
leaders and employees and continue to invest in
tools to maximize collaboration and productivity. To
facilitate employee connections, foster collaborationand promote team building, we host a variety of virtualand in-person events throughout the year.
SURVE YS
We hold an annual employee survey, a pulse checkat six months, regular check-ins for new hires andinclusion pulse surveys. We use the results to improve
our culture and workplace, and encourage managers
to review, discuss and take action on survey findings
with their teams.

2022 Survey Results
Annual Employee Survey

78%
of invited employees participated72%

overall engagement score

Engagement Pulse Check84%

participationC O M M U N I C AT I N G W I T H M AT T E R P E E P S
In addition to our surveys, we work to provide clarity
and transparency by holding three companywide All
Hands and Town Hall meetings each month. Thesemeetings provide Matterpeeps with the opportunity tocome together to learn about business and regional
updates and discussions, recognize new hires andpromotions, ask questions and provide feedback to
Matterport leadership. Often, suggestions are acted
upon in real time.
To further efforts to keep lines of communication
open, honest and transparent, we use a variety ofcommunication channels. These include email, ourMatterport intranet and Slack. Companywide virtual
events and celebrations also provide an opportunity tobuild culture across the organization.
As a remote-first company, we continuously seek out
new ways for employees to gather and interact. This
includes in-person gatherings at office locations andin cities where we have critical mass.

20

Social Impact
We recognize the power of technology and data tochange the world. Together with our employees,
customers, nonprofit partners, educators, developers,
designers and other users, we build equitable,
accessible and inclusive solutions to tackle some ofsociety’s biggest challenges. By leveraging our people,
products and services, our goal is to improve lives andstrengthen and empower communities.
E X P L O R AT I O N T O E Q U I T Y
Equitable access to spaces, especially for underserved
and underrepresented groups, can help increase
community inclusion and resilience. Our philanthropic
Exploration to Equity program grants free access to
the Matterport Digital Twin Platform and specialist
support (including the donation of products, softwareand services) for qualifying U.S.-based non-profit
organizations, K-12 public schools and public
universities. The aim is to bring historical or sociallysignificant places to life for underserved groups thatmight not otherwise be able to visit them in person.
In times of disaster, we’re there too. We offer our
Matterport Digital Twin Platform to disaster responseorganizations and their partners so they can quickly
assess the damage and start the process of rebuilding
impacted communities.
M AT T E R P O R T C A R E S
Matterport is committed to supporting the causes
employees care about the most. Through Matterport
Cares, we offer matching company contributions up to$400 for qualified employee donations to a qualifying

SOCIALcharity of their choice, and $10 for every employee
volunteer hour (up to $400) for every employee thatvolunteers with a qualifying 501(c)(3) nonprofit.
To encourage participation and to create an easy way
for Matterpeeps to combine in-person gathering anda community service project, we created a Matterport
Cares team toolkit. This off-the-shelf, turnkey resource
is provided to Matterport teams and workgroups thatare participating in a volunteer event as part of a team
offsite, team meeting or to give back to communities.
The toolkit includes information on how to plan aservice project and donation process.
RECENT COMMUNIT Y SERVICE PROJEC TS
Operation Gratitude
This non-profit provides opportunities for people toexpress their gratitude and show U.S. military and first
responders that what they do matters to us.

M AT T E R P O R T C A R E S W E E K
In November 2022, we launched our firstcompanywide, week-long Matterport Cares Week,
dedicated to service. Matterpeeps across the globe
took the opportunity to make a positive impact at local
and global levels through a combination of individual,
team and company-sponsored events held online andin their communities.

2022 Matterport Cares Week
6 Cities
Sunnyvale, San Francisco, Seattle,
Chicago, London and Tokyo
83 Participants
214 Volunteer hours

Bill Wilson Center
This California-based non-profit supports andstrengthens the community by serving youth
and families through counseling, housing,education and advocacy.
Pets In Need
A California-based organization dedicated totransferring cats and dogs from public shelters
when they are in danger of being euthanized due tospace or financial limitations.
In 2022 through Matterport Cares, Matterpeeps
volunteered a total of 214 hours and donated$10,679.62 to qualified non-profit organizations.
Combined with the Matterport match, the total
amount donated exceeded $21,000.

21

M AT T E R P O R T AC A D E M Y
To help share knowledge and educate users on how
to capture, edit and share using Matterport cameras
and the Matterport mobile app, Matterport Academy
provides up-to-date, step-by-step instructional videos.
Designed to educate users of all abilities, the tutorials
are free of charge.
INCLUSIVE DESIGN
We want to open up the built world to everyone
and we’re committed to making sure our products,
services and content are available to anyone whowants to use them. We call this Matterport For All,and it puts accessibility and equity at the heart ofwhat we do.
AC C E S S I B I L I T Y
We believe our goal of digitizing the built world can
only be achieved when our products, services and
3D Digital Twin Platform are accessible to everyone.
We think about existing and future ways people willaccess our platform and ask ourselves what we may
have missed, who we might have overlooked and what
the unintended consequences of our actions might be.
We engage our customers, Matterpeeps and others,
using their feedback and insights to make our
products and services more accessible. We also workwith accessibility experts and tools, improving theuser experience and applying relevant standards. For
example, our Matterport mobile apps make it possible
for anyone with a smartphone to capture, customize
and share a physical space in immersive 3D.

SOCIALIn 2022, there were 348,551 total views of all
videos in Matterport Academy, with 286,312
users viewing 52 tutorials.
Website accessibility and optimization are also key tocreating an immersive experience for all visitors. Fromcolor contrast to keyboard navigation, our Designteam keeps accessibility in mind when working on
new components. In addition, our Quality Assurance
team tests our products for accessibility and works toresolve critical issues as they arise.

Through Matterport Discover, visitors have accessto some of the world’s most iconic places. They cantake themselves on virtual tours of museums,
gardens, art galleries, historical sites and more,experiencing the history and adventure of theworld from just about anywhere.

Our efforts to improve accessibility include working tocomply with international standards. We published our
first voluntary accessibility report for our Matterport
Discover website in October 2022.

We believe that when people work together, we canachieve even more. Our Matterport Digital Twin
Platform is an open ecosystem where individuals
and industries can add, amend and enhance toachieve their own goals. Our collaborative ethic
extends to the design community at large and wepartner with developers and industry partners tocreate a rich library of apps, add-ons,
customizations and management tools, which
multiple industries can leverage to enrich andcustomize any Matterport digital twin basedon their unique needs and use cases.

M AT T E R P O R T D I S C O V E R
Our Matterport Digital Twin Platform also enables
accessibility by helping bring the world closer topeople who might not otherwise be able to visit.
Matterport’s immersive digital twins provide
detailed, dimensionally accurate, 3D views of sites
from anywhere in the world. In 2022, we launched
Matterport Discover, a website where users canupload their captured spaces for anyone to visit. Everymonth, our community of customers and users sharehundreds of digital twins to our library, providing
virtual access to anyone visiting the website.

KNOWLEDGE SHARING

22

GOVERNANCE

M AT T E R P O R T.C O M / E S G

23

Governance
At Matterport, we hold ourselves to the highest ethical standards and are deeplycommitted to doing business the right way — with honesty, integrity, transparency
and in compliance with applicable laws. These values are reflected in our strong
governance and management practices, embedded in our culture and form thefoundation for how we operate on a daily basis.

the Board. Directors are periodically evaluated toensure they meet the Company’s evolving oversightneeds and annually, the Nominating and Corporate
Governance Committee assesses the Directors to be
nominated for election by stockholders at the annual
meeting. Over time, we expect to expand the size of
our Board of Directors.
B OA R D O V E R S I G H T O F E S G

RJ Pittman
Chairman and CEOPeter Hebert
DirectorMike ‘Gus’ Gustafson
Director

Jason Krikorian
Director

Susan Repo
Director

In 2022, the Matterport Board of Directors held
five Board meetings with all Directors inattendance at each meeting.
Board of Directors
Matterport is committed to high standards ofcorporate governance that protect and promote thelong-term success of our business. Our Board of
Directors and its committees oversee and guide thecompany’s direction, strategy and risk management.

taken into account. This includes oversight of our
ESG strategy and relevant ESG matters. The Board
also reviews and advises management on significant
risks facing the company and fosters a culture of
integrity and risk awareness.

The Board and its committees regularly review ourgovernance practices to ensure they reflect theevolving landscape, and that the interests of ourcompany, stockholders and other stakeholders are

Other than our CEO, our Directors are independent,
and our Board committees are 100% independent.
Our five Directors bring a well-rounded diversityof experiences, viewpoints and perspectives to

We take an integrated approach to addressing ESG,
with oversight from our Board of Directors. The
Board, with the assistance of each of its committees,
oversees our ESG strategy development andrisk. Specifically, our Nominating and Corporate
Governance Committee provides oversight of our
ESG strategy and initiatives, including all ESG policies
and publicly-released data. Our ESG strategy andefforts are deeply embedded in our business. Our
management-based ESG Subcommittee provides anadditional layer of governance to help ensure adequate
progress is made across our entire ESG journey. This
committee is composed of Matterport executives whomeet 3-4 times a year to review progress and to drive
growth and engagement throughout the organization.

Ethics and Compliance
Our commitment to the highest standards of ethics,
integrity and compliance defines our organizationand strongly contributes to our success. We also
expect our employees, suppliers and any third parties
working on our behalf to hold themselves to thesesame high standards.

GLOBAL CODE OF CONDUC T & ETHICS
The Matterport Global Code of Conduct and Ethics
guides everything we do, and it is reviewed annually by
our Board of Directors. Our Chief Compliance Officer
has primary responsibility for implementing the Code,monitoring its use and effectiveness and auditing
internal control systems and procedures to ensure
they are effective.
Our Global Code of Conduct and Ethics applies toall employees, officers, members of our Board of
Directors, suppliers and other stakeholders, andprovides a clear roadmap for expected ethicalbehavior. Annual compliance and ethics program
training is required for all employees, and new
employees are expected to complete the training
within 30 days of hire. Training covers the Code, ourwhistleblower program, our anti-bribery and anticorruption policies and other key topics. Our Codeof Conduct and other policies are available on our
website and posted to our Matterport intranet site.
ANTI- CORRUPTION POLICY
We strive to do business the right way and operatea zero-tolerance policy in relation to all matters ofbribery and corruption. Our Anti-corruption Policy
outlines our commitment to prevent bribery, fraud
and all other corrupt business practices. We expect
all employees, customers and suppliers to holdthemselves to these standards and practice the policy
so they comply with anti-bribery and anti-corruption
laws and regulations.

For additional information on our Board of Directors, including committees and assignments, please see our annual Proxy Statement.

G OV E R N A N C E

24

ETHICS AND COMPLIANCE HOTLINE
We promote a “speak-up” culture, encouraging our
employees, contractors, customers, suppliers andother stakeholders to raise questions and concerns
regarding violations of policies or standards, without
fear of retaliation.
We provide several channels for reporting issues,
including our 24/7 independently-run andconfidential Ethics and Compliance Hotline. This
reporting tool, available in multiple languages, allows
reporters to raise anonymous concerns. Concerns
raised via the Hotline are forwarded to our legal
department for investigation.
HUMAN RIGHTSAs outlined in our Global Code of Conduct and Ethics,
we are committed to conducting business in a mannerthat respects human rights and to prevent modern
slavery and human trafficking in our business andsupply chain. Matterport takes compliance with all
human rights seriously. We condemn humanrights abuses, do not use forced or involuntarylabor and expect the same from our business
partners and suppliers.

G OV E R N A N C E

Privacy and cybersecurity frameworks and certifications
We continue to invest in enterprise-grade
certification of our practices, showcasing
our transparency and commitment to thehighest levels of service.

Data Privacy and Cybersecurity
Matterport is leading the digitization and dataficationof the built world. Our business is based on data andwe deeply understand the value and importance ofprotecting information. Our employees, customers,
shareholders and other stakeholders trust us tosafeguard our Digital Twin Platform and networks
from external threats, as well as handle information ina secure and responsible way. Maintaining this trust is
critical to our business and reputation.
Our Chief Information Officer oversees our Security
organization, which is a team of people dedicatedto keeping company and personal informationand systems safe from unauthorized alteration,
disclosure, destruction and intrusion. Our Security
Steering Committee, made up of our Chief Technology

SOC 2 Type II Attestation
We undergo comprehensive independent
third-party, annual audits against
SOC 2 Trust Principles of Security,
Availability and Confidentiality.

Officer, Chief Information Officer and members of
our Information Security Team, meets on a quarterly
basis to review security risks and discuss upcoming
priorities. Quarterly reports are provided to the Boardby the Chief Information Officer.
DATA P R I VAC Y
Data privacy and the protection of personal
information is a top priority for Matterport.
Safeguarding customer, employee, supplier andother stakeholder information is essential tomaintaining our reputation for trust and integrity
and critical to our success.

National Institute of Standards
and Technology (NIST)Our cybersecurity program is modeled on
the NIST Cybersecurity Framework andcustomized to meet our specific needs.

We work to maintain appropriate physical, electronic
and managerial procedures to safeguard and secure
the personal information we process. We follow
generally accepted industry standards to protect
the personal information submitted to us, bothduring transmission and once we receive it, andperiodically review our information collection,
storage and processing practices, including
physical security measures, to guard against
unauthorized access to systems.

25

P R I VAC Y P O L I C Y

P R I VAC Y T R A I N I N GCYBERSECURIT Y PROGRAM

T R A I N I N G A N D S I M U L AT I O N S

Matterport’s privacy program is designed to respondto today’s applicable privacy rules and regulations
and takes into account many of the world’s major
data protection regulations. Matterport’s formal,
documented, and governed data privacy program isdesigned to secure and protect the data entrusted to
us by our customers and ensure our customers’ rightto privacy is respected. Our Privacy Policy aligns withregulations in the jurisdictions where we do businessand outlines our privacy practices and how personal
information and other data are collected, accessed,
stored and processed. We also abide by widely
accepted security standards and practices to guideour decisions around securing personal information.

Our Matterpeeps are our first line of defense andplay an important role in identifying and raising
privacy issues. Our Global Code of Conduct andEthics outlines our privacy protection principles.
Comprehensive information privacy and protection
training is mandatory and is reviewed and updated
annually to include relevant threats and topics.

Our cybersecurity program leverages a defense-indepth strategy to proactively identify and remediate
threats. We build resilience into our business modeland roadmap, and work to avoid cybersecurity
incidents. If an issue does occur, we rapidly identify
and resolve it through our formalized incident
response program designed to help us quickly detect,
respond to and recover from any incident.
We operate a zero-trust model that requires
continuous verification throughout our operations andour infrastructure is designed to address single pointsof failure in both hardware and software.

When it comes to security, everyone has a role to play.
All Matterpeeps must complete mandatory, annualcomprehensive security awareness training. Our
Security organization updates the training toaddress emerging threats and trends. We also
conduct periodic phishing and other social
engineering simulations to test our defenses andoffer focused phishing training for those who may
require additional education.

In the ordinary course of business, we collect, use,
store, transfer, share and/or process a variety of
personal information. We are subject to local, national
and international legal and regulatory requirements
governing data privacy and security. While we work
to ensure we abide by privacy laws in the countries
where we do business, many of these requirements
are rapidly evolving. A lack of consistency andharmonization among countries, as well as potential
conflicts among rules can be challenging. We
closely monitor the legal and regulatory landscapeand diligently address privacy-related policies andprograms as appropriate.

G OV E R N A N C E

CYBERSECURIT Y
As a data-driven business, we understand theimportance of safeguarding our Digital Twin Platform,
networks and systems from external threats. We takea multi-layered approach to cybersecurity, continually
updating, innovating and refining our security
practices, policies and procedures to mitigate risk,
meet new industry standards and address the evolving
threat landscape.
Our Security organization is responsible for handling
day-to-day cybersecurity activities. To keep abreastof the threat landscape and to share cybersecurity
information and best practices, our team members
hold a variety of industry certifications such as theCertified Information Systems Security Professional(CISSP) designation. Members of our team also
belong to several industry groups, such as theInternational Information System Security Certification
Consortium (ISC2) and the Information Systems Audit
and Control Association (ISACA) and frequently takeadvantage of opportunities to stay up to date on thelatest threats through conferences, webinars andnetworking events.

At Matterport, we invest in enterprise-grade
certification of our practices, showcasing ourtransparency and our commitment to the highest
levels of service. For additional information on our
cybersecurity practices, please visit our Trust Center.
Our Trust Center package, available for download,
provides customers with an overview of the mostfrequently asked questions and othersecurity-related documentation.

26

Risk and Crisis Management
Effective risk management is critical to our business,
and key to our overall strategy. We are committed
to continuously improving our risk management
oversight, and minimizing and managing risk
across our organization, including risks arisingfrom ESG issues.
RISK GOVERNANCE
Our Board of Directors has oversight responsibility
for Matterport’s risk management function, which isdesigned to identify, assess and monitor fundamental
financial and business risks across our operations,and consider ways to address and mitigate thoserisks. The Board reviews and advises management
on significant risks and issues facing the company.
Our three Board committees assist the Board withoversight of specific categories or risk management
and report back to the Board regularly.
Audit and Risk Management Committee: Responsible
for monitoring the overall risk management
framework, financial reporting processes, compliance
processes, cybersecurity, performance of auditors,
overseeing the audit program and ultimately
protecting the interests of shareholders.
Compensation Committee: Reviews company risk
associated with executive compensation plans,
and the relationship between risk management
policies and practices, corporate strategy andcompensation arrangements.
Nominating Committee: Assists the Boardin overseeing risks associated corporate
governance structure, including Board
organization, membership and structure.
G OV E R N A N C E

Our Security organization handles day-to-day
information technology security risk management.
Risk assessment is built into our information
technology procedure and process. Our annual risk
assessment identifies issues that require a strategic
response while our monitored risk register allows
us to respond swiftly to immediate threats. Moreinformation on how we manage risk can be found in
our annual Proxy Statement and Annual Report on
Form 10-K.
BUSINESS CONTINUIT Y AND RESILIENCE
Our Audit Committee is responsible for reviewing
our information technology security program andcontrols around cybersecurity, including our business
continuity and disaster recovery plans.
Through our Infrastructure team, we actively track
service disruptions and outages, and work to help
ensure system downtime remains at a minimum.
In addition, we continuously monitor outsourced
cloud-based services that support critical business
operations, as well as our Matterport cloudenvironment and Digital Twin Platform. In 2022,
we exceeded our advertised client service levelagreement (SLA) for downtime, achieving 99.99
against our 99.5 contractual customer commitment.
We have a robust disaster recovery and business
continuity plan in place and maintain active, dynamic
and effective business continuity management andIT disaster recovery programs. We employ
independent third-party teams for security
penetration tests to scrutinize our enterpriseenvironment and platform for anything that may
need review, mitigation and remediation.

S U P P LY C H A I N M A N AG E M E N T
Our commitment to doing business the right way
extends to our supply chain. We hold ourselves to highethical, professional and legal standards, and work
to comply with laws and regulations in the countries
where we operate. We expect the same from our
network of suppliers.
SUPPLIER CODE OF CONDUCTWhile we expect all of our suppliers to abide by our
Global Code of Conduct and Ethics, our Supplier
Code of Conduct, adopted in February 2022, outlines
the principles, guidelines and standards we expect
or suppliers to adhere to, including compliance withthe law, respect for human rights, ethical businessconduct, data security and confidentiality, protecting
the environment and conducting business in a
responsible way. Failure to comply with the Code may
be grounds for Matterport to terminate its relationshipwith a supplier. For information on how we work with
suppliers to reduce carbon emissions, please see theEnvironmental section of this report.
S U P P L I E R M A N AG E M E N T
As outlined in our technical and organization security
measures (TOM), we maintain a formal vendor
management program, including vendor security
reviews for critical vendors, to ensure compliance withMatterport’s information security policies.
From time to time, we may engage and use vendors
who act as sub-processors by accessing, storing
and/or processing certain customer data. For
updated information on our sub-processors,please visit our website.

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Appendix
About This Report
This ESG Report includes select, relevant disclosuresand metrics prepared with reference to and inalignment with the Sustainability AccountingStandards Board (SASB) standards. Our reporting
also reflects our alignment with the United Nations(UN) Global Compact and Sustainable Development
Goals. The scope of performance data in this reportis Companywide for the fiscal year end, December 31,
2022, and all financial information is presented in U.S.
dollars unless otherwise noted.

A D VA N C I N G T H E U N I T E D N AT I O N S
S U S TA I N A B L E D E V E L O P M E N T G OA L S(S D G S)
The 17 UN SDGs provide an internationally adopted
blueprint for achieving a better and more inclusive andsustainable future for all. We have identified key areasthat align with our ESG focus areas, our businessstrategy and products, and where we believe we canhave the greatest impact.

SDG

DESCRIPTIONO U R 2 0 2 2 I M PAC T

ESG REPORT SEC TION

Ensure healthy lives and promote
well-being for all at all ages

In 2022, we encouraged our employees through our wellness programs andactively support them in their physical and mental health journeys

Health, Benefits and Wellness

Ensure inclusive andequitable quality educationand promote lifelong learning
opportunities for all

In 2022, our Exploration to Equity program granted free access to the Matterport
Digital Twin Platform and specialist support (including the donation of products) for
U.S.-based non-profits, K-12 public schools and public universities to bring historicalor socially significant places to life for underserved groups that may not otherwise
have been able to visit them in person

Social Impact
Exploration to Equity

Ensure access to affordable,
reliable, sustainable andmodern energy for all

In 2022, we achieved this by reducing freight distances to our customers
product assembly, utilizing fewer natural resources, deploying energy-efficient
LED lighting throughout our facilities and providing electric vehicle charging
points for our employees

Facilities
Supply Chain

Build resilient infrastructure,promote inclusive andsustainable industrializationand foster innovation

We continue to commit to promoting inclusive and sustainable industrialization andfoster innovation by “Capturing the World”
We partnered with the real estate and construction industries to enhance productivity,
foster innovation and create a better infrastructure for our business and thecommunities we serve

Empowering Sustainability
Biodiversity and Natural Capital
Knowledge Sharing

Reduce inequality within andamong countries

Our technology reduces inequality around the world by radically transforming theaccessibility of physical spaces

Accessibility

By turning millions of physical spaces into 3D digital twins, we alleviate inequalities
that would otherwise prohibit people from physically accessing these spaces
Make cities and humansettlements inclusive, safe, resilientand sustainable

We enable sustainable cities and communities by empowering our supply
chain, customers, and people across the world to work in ways that put lessstrain on the planet

Environmental Strategy
Empowering Sustainability
Avoided Emissions

Ensure sustainable consumption
and production patterns

In 2022, we enhanced the sustainability of our products by favoring suppliers who
reduce negative impacts on the environment

Environmental Strategy
Product Footprint

We regularly assess our full value chain to ensure that we repurpose and recycle
products at their end-of-life stage
Take urgent action to combat
climate change and its impacts

We commit to taking action to combat climate change by setting environmental goals
and tracking our progress through disclosing our GHG emissions

Understanding Our Impact
Avoided Emissions

In 2022, we tracked the impact of our products by estimating the emissions thatwould have occurred if our services had not existed

APPENDIX

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METRICCODE

M AT T E R P O R T D I S C L O S U R E

1) Total energy consumed, (2) percentage gridelectricity and (3) percentage renewable

TC-SI-130a.1

Total energy consumed: 1,304.68 GJ
Percentage grid electricity: 73.43%
Percentage renewable: 71.43%(1) Total water withdrawn, (2) total water
consumed; percentage of each in regions withHigh or Extremely High Baseline Water Stress

TC-SI-130a.2

Water withdrawn: 1.53 m3
Water used: 1.01 m3
Percentage high stress: 0%

Discussion of the integration of environmental
considerations into strategic planning fordata center needs

TC-SI-130a.3

Matterport uses a third party for infrastructure hosting.

Description of policies and practices relating
to behavioral advertising and user privacy

TC-SI-220a.1

You can find our ‘terms of use’ policy here:
https://matterport.com/terms-of-use

Description of approach to identifying andaddressing data security risks, including useof third-party cybersecurity standards

TC-SI-230a.2

Matterport’s information security program is basedon standards such as NIST and OWASP. Risks arecontinuously assessed through self-assessment and 3rdparty audits. Matterport Cloud achieved SOC2 Type 2
attestation and is audited by AICPA certified auditors on
an annual basis.

Employee engagement as a percentage

TC-SI-330a.2

Refer to ‘Our People’ in Social section of 2022 ESG Report

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

TC-SI-550a.1

Matterport had 5 performance issues in 2022
which did not result in any service disruptions,
resulting in 0 downtime.

Description of business continuity risks
related to disruptions of operations

TC-SI-550a.2

Matterport maintains a Business Continuity Plan that ismaintained and updated annually to recover and continue
business from serious disruption in activities due to noavailability of Matterport’s facilities, technology facilities
and platforms.

(1) Amount of data storage,(2) percentage outsourced

TC-SI-000.C

12 PB, 100% in AWS S3

APPENDIXS U S TA I N A B I L I T Y AC C O U N T I N GS TA N DA R D S B OA R D (S A S B)
This index reflects our alignment with selected
metrics of the Software & IT Services industry
standards from the SASB framework. We haveconducted a rigorous internal reviewof the report content, including subject matter
reviews and validation. This report has not beenexternally assured.
For more corporate governance and sustainability
activities and disclosures, please visit:
Annual Report on Form 10-K
Matterport Investor Relations
Matterport Environmental, Social, Governance (ESG)
Matterport Diversity, Equity and Inclusion
Matterport Social Impact
Proxy Statement

F O R WA R D - L O O K I N G S TAT E M E N T
The information and opinions contained in thisreport are provided as of the date of this report andare subject to change without notice. Matterport
does not undertake to update or revise any suchstatements. This report includes forward-looking
statements within the meaning of the Private
Securities Litigation Reform Act of 1995. All
statements other than statements of historical or
current facts, including statements regarding ourplans, initiatives, projections, goals, commitments,
expectations, or prospects, are forward-looking.
We use words such as aim, believe, commit, drive,
estimate, ensure, expect, goal, intend, may, mission,plan, project, seek, strategy, strive, target, and willor similar expressions to identify forward-looking
statements. Forward-looking statements reflect
management’s current expectations and inherently
involve risks and uncertainties. Actual results
could differ materially due to a variety of factors,
including assumptions not being realized, scientific ortechnological developments, evolving sustainability
strategies, changes in carbon markets, evolving
government regulations, our expansion into new
products, services, technologies, and geographic
regions, or other changes in circumstances, aswell as the factors set forth in the “Risk Factors”
section of Matterport’s most recent Annual Reporton Form 10-K and subsequent filings. The standardsof measurement and performance contained in thereport are developing and based on assumptions, andno assurance can be given that any plan, initiative,
projection, goal, commitment, expectation, or prospect
set forth in this report can or will be achieved.

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