GOVERNANCE

2023
ENVIRONMENTAL ,SOCIAL +GOVERNANCEREPORT

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1

INTRODUCTION

Matterport is the leading spatial data company
focused on digitizing and indexing the built world.
Our all-in-one 3D data platform enables anyone to turna space into an accurate and immersive digital twin
which can be used to design, build, operate, promote andunderstand any space. At the same time, our platform
unlocks operational efficiencies, fosters accessibility andinclusivity and drives sustainability.

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Through our platform and products, we empower people
across the world to work in smarter ways that put lessstrain on the planet. And we’ve challenged ourselves tolead by example. Our strategy and this report are how
we turn our environmental, social and governance (ESG)
commitments into action, holding ourselves accountableto drive greater impact.

2

INTRODUCTION

Table of Contents
Introduction

Social Responsibility

Governance and Accountability

Appendix

A Message from our CEO .  .  .  .  .  .  .  .  .  .  .  . 04

Our People . . . . . . . . . . . . . . . . . . 19

Board of Directors .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 32

About This Report.   .   .   .   .   .   .   .   .   .   .   .   .   .   .  38

About Matterport .   .   .   .   .   .   .   .   .   .   .   .   .   .   .  05
Company Overview

07

ESG Strategy
Stakeholder Engagement

Environmental Stewardship
Impact .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 10
Key Findings
Energy, Waste and Water Management

Facilities.   .   .   .   .   .   .   .   .   .   .   .   .   .   .   .   .   .   .  12
Product Footprint

Supply Chain.   .   .   .   .   .   .   .   .   .   .   .   .   .   .   .   .  14
Supplier Environmental Compliance
Product Quality and Safety

Empowering Sustainability.   .   .   .   .   .   .   .   .   .   .  15
Avoided Emissions
Avoided Emissions Reporting
Integrating Sustainability

Nature and Biodiversity.  .  .  .  .  .  .  .  .  .  .  .  . 17
Climate Risk and Resilience

2023 Workforce Data
CultureVision, Mission and Values

ESG Priorities and Targets.   .   .   .   .   .   .   .   .   .   .

Human Capital Management

Diversity, Equity and Inclusion .  .  .  .  .  .  .  .  .  . 20
DEI Dashboard
DEI Training and Development
EMERGE
Employee Resource Groups
Courageous Discussions

Talent Attraction and Recruitment . . . . . . . . 24
Talent Development

Health, Benefits and Wellness .  .  .  .  .  .  .  .  .  . 25
Overview of Benefits
Performance Management and Compensation

Employee Engagement .  .  .  .  .  .  .  .  .  .  .  .  . 26
Matterport Meet Ups
Measuring Engagement
Communicating with Matterpeeps
Social Impact

Exploration to Equity .  .  .  .  .  .  .  .  .  .  .  .  .  . 27
Matterport Cares
Matterport Academy

ESG Oversight

Risk Management.   .   .   .   .   .   .   .   .   .   .   .   .   .   .  33

Frameworks and Standards
Forward Looking Statement

Risk GovernanceBusiness Continuity and Resilience

Ethics and Compliance .  .  .  .  .  .  .  .  .  .  .  .  . 34
Global Code of Conduct and Ethics
Ethics and Compliance Training and Education
Ethics and Compliance Hotline
Anti-corruption, Anti-bribery and Anti-money Laundering Policy
Human Rights
Digital Responsibility

Data Privacy, Data Security and Cybersecurity.   .   .  35
Privacy, Security and Cybersecurity Governance

Privacy and Data Security .  .  .  .  .  .  .  .  .  .  .  . 35
Privacy Policy
Privacy Training

Cybersecurity Program .  .  .  .  .  .  .  .  .  .  .  .  . 36
Cybersecurity Assessment and TestingResponsible Sourcing .   .   .   .   .   .   .   .   .   .   .   .   .  37
Supplier Code of Conduct
Supplier Management and Monitoring

Accessibility
Matterport Discovermatterport.com/esg

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INTRODUCTION

A Message from our CEO
The past year has been one of the most dynamic in
Matterport’s history. Despite economic uncertainties
impacting the tech and real estate industries, we thrived ina challenging market. We celebrated significant successes,
made strategic decisions, and remained committed to
our long-term vision. Our focus on organizational andoperational excellence enabled us to innovate and achievemore, even in a difficult business environment. We arepoised for a bright future as we continue to navigate andexcel in the evolving landscape.
Our focus on efficiency permeates every facet of ourbusiness. The tireless commitment of our global team isdriving the company to innovate at an accelerated paceand on a larger scale, continuously refining and enhancing
our 3D digital twins, platform, and AI-powered capabilities.
This concerted effort allowed us to reach a new level ofexecution and value creation. The sharp focus on our corevalue proposition aligns to our mission of making every
space more valuable and accessible, while delivering
compelling new value for customers.
Our open, partner-friendly, platform-agnostic approachto the industry amplifies the power and value we deliver
to our customers. Our property marketing and facilities
management solutions help customers save significant
time and money managing properties around the world.
Our unique data insights streamline factory maintenanceand repairs, enhance production, and transfer knowledge

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at scale. They help optimize retail layouts and ensure
brand consistency. They provide property information to
improve facility management, simplify capital planningand decrease vacancies, and turn residential properties
into 24/7 open houses to reduce drive time, attract morequalified buyers, and accelerate the residential real estate
sales process.

In 2023, we introduced Genesis, a generative AI initiative
designed to bring powerful, intelligent automation to every
digital twin our customers have created—past, present,
and future. These capabilities unlock robust property
insights, enabling in-depth analysis of homes, offices, andlarge facilities, and helping customers optimize property
marketing, management, and construction.

As we rapidly enhance our AI-powered data capabilities,
we deliver even greater value to our customers byproviding precise documentation, actionable insights,
and detailed intelligence about the true state of a space,including its measurements, materials, and condition.
These efficiency gains eliminate the need for multiple site
visits, replacing inefficient and often inaccurate manual
workflows. This empowers our customers with precise
insights and information about their properties, enabling
faster, better decisions from anywhere in the world.

These new developments offer our customers asignificant, quantifiable advantage: a substantial reductionin their carbon footprint. Compared to traditional, nondigital methods of building, managing, meeting, designing,and constructing, our digital twin platform and AI-powereddata capabilities enable smarter, more efficient operations
that benefit both the bottom line and the planet. In early
2024, we will launch avoided emissions reporting for
select enterprise customers, providing personalizedmeasurements of the emissions savings achieved throughthe use of Matterport’s digital twin platform.

Despite the built world remaining largely analog, driven
by pen, paper, tape measures, and extensive on-premise
activities, our AI efforts have continually advanced since
our inception in 2012. By harnessing the rich spatial
data within every digitized space, we are poised to vastly
increase insights, possibilities, and value across the $327
trillion asset class known as the built world. The boundlesspotential of AI and data science in the coming decade
offers an unparalleled opportunity for transformation.

In 2023, we gained greater clarity and focus on our ESG
efforts. To reduce our greenhouse gas emissions, wemade significant changes to our products, packaging, andshipping methods. We hired a supply quality manager
to ensure environmental compliance in our overseas
manufacturing processes and continually sought
improvements. I’m particularly pleased to announce thedevelopment of our first ESG targets, underscoring ourcommitment to reducing environmental impact, driving
systemic change, and creating a better world for future
generations. These ten goals, aligned with our five ESG
priorities, include reducing our Scope 1 and Scope 2 GHG
emissions by 20% by 2030, achieving net-zero emissions
by 2050, updating our packaging to 100% recyclable orrenewable materials, and reaching gender parity among
full-time employees by 2030.
As we move beyond 2023, we recognize the transformative
power of data to drive efficiency and create lasting change.
I am immensely proud of our accomplishments over the
past year. We are committed to prioritizing impactful work,
fostering innovation and resilience, and making strategic
long-term investments in our future. Together, we are notjust adapting to the changing landscape; we are leading
the way toward a more efficient and sustainable world.

RJ Pittman

Chairman and CEO

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INTRODUCTION

About Matterport
The digitization and datafication of the built world will fundamentally change
the way people interact with buildings and the physical spaces around them.
Founded in 2011, Matterport is the leading spatial datacompany focused on digitizing and indexing the built
world. Our all-in-one 3D data platform enables anyone toturn a space into an accurate and immersive digital twin
which can be used to design, build, operate, promote, andunderstand any space.
Our pioneering technology platform uses spatial
data collected from a wide variety of digital capturedevices to transform physical buildings and spaces
into dimensionally accurate, photorealistic digital twinsthat provide our subscribers access to valuable building
information and insights. For more than a decade, ourplatform has set the standard for digitizing, accessing andmanaging buildings, spaces, and places online. This has
resulted in the world’s largest and most accurate libraryof spatial data with more than 38 billion square feet
digitized to date.
We deliver value to our customers by leveraging proprietary
artificial intelligence (AI) insights to enhance customer
experiences, improve operational efficiency, lower costs
associated with promoting and operating buildings, andaccelerate business growth. Our spatial data platform

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delivers value across a diverse set of industries and use
cases by unlocking a rich set of insights about properties
and spaces worldwide.
Open access to our structured spatial data is enabling
new opportunities and business models for travel andhospitality, facilities management, insurance, construction,
real estate and retail, among others. Real estate agentscan provide virtual open houses for hundreds of properties
and thousands of visitors at the same time; property
developers can monitor the entire construction processwith greater detail and speed; and insurance companies
can more precisely document and evaluate claims andunderwriting assessments with efficiency and precision.
We deliver the critical digital experience, tools, andinformation that matter to our customers about propertiesof virtually any size, shape, and location worldwide. As wecontinue to transform buildings into data, we are extending
our spatial data platform to further transform property
planning, development, management, and intelligenceacross industries to become the de facto building andbusiness intelligence engine for the built world.

Matterport’s innovative 3D capture products, the Pro3 andPro2 cameras, have played an integral part in shaping the
3D building and property visualization ecosystem. Our
cameras have driven adoption of our digital twin platform,
generating precision, high-fidelity spatial data for every
property scanned. The data has enabled Cortex, ourproprietary AI software engine, to lead the way for digitaltwin creation. Initially driven by the Pro2 camera’s dataadvantage, we have since developed a scalable, cameraand device-agnostic platform capable of providing newbuilding and property insights to our subscribers acrossvarious industries and geographies.
As of December 31, 2023, we have digitized nearly
12 million spaces representing 38 billion square feetmanaged. Our subscriber base included more than 25%
of Fortune 1000 companies, with less than 10% of
our total subscription revenue generated fromour top 10 subscribers.
For more information, please see our 2023 Annual Reporton Form 10-K.

5INTRODUCTION

Company Overview

By the Numbers*

Vision, Mission and Values
VisionFundamentally improve the way people
understand and interact with the physical world.

MissionMake every space more valuable
and accessible.

$157.7M
in revenue

938K+
subscribers

Three Dimensions of Matterport

Our Three Dimensions of Matterport are foundational
to our culture and our success. They guide our humancapital initiatives and objectives and provide thebasis by which we collect feedback and assess theeffectiveness of our culture.

Our Values

Our Behaviors

Be a Leader

Generate Energy
Create Clarity
Be Accountable

Be Inclusive

Be the Customer

Seek Different Perspectives
Foster an Open Dialogue
Create a Sense of Belonging
Understand Them
Delight Them
Help Them Win

In 2023, there were nearly 12 million spaceson the Matterport platform.

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11.7M+
spaces under management

38B+
square feet of space digitized448†

full-time employees across
10 countries

4locations, including ourheadquarters in Sunnyvale, CA*As of December 31, 2023†
Includes 10 fixed-term contract (FTC) employees.

6INTRODUCTION

ESG Priorities and Targets
ESG Strategy
Our holistic approach to ESG results in a positive impact
on the planet, the people whose lives we touch, and ourbottom line. In 2023, we continued to assess our ESG
data and leveraged our internal ESG subcommittee
responsible for stakeholder input and alignment tofurther develop our ESG targets.

As part of our focus to deliver strong financial results ina way that respects our employees and the environments
and communities where we operate, we consider
stakeholder viewpoints (see Stakeholder Engagement
section) when evaluating investment and operational
decisions, including our ESG strategy and material topics.

In 2023, we established our first ESG targets, reflecting ourongoing commitment to reduce our environmental impact,drive systemic change, and make the world a better
place for future generations. These targets align with thefollowing five ESG priorities that have the greatest impact
on our stakeholders and our business.

For information on ESG oversight, please refer tothe Governance section in this report.

Environmental Stewardship

Social Responsibility

Governance and Accountability

Priority: Climate Change

Priority: Inclusive Workforce

Priority: Business Ethics

Reduce our carbon footprint, and through our innovative platformand data, help our customers do the same.

Ensure a diverse and inclusive workplace that enables growth,
opportunity, and continuous improvement.

Targets

Targets• Reduce our Scope 1 and Scope 2 GHG emissions by 20% by 2030.

• Achieve gender parity among all full-time employees by 2030.

• Commit to improving Scope 3 data quality year-on-year
and continuing to conduct Life Cycle Assessments (LCA)
for key products.

• Add a minimum of two new ERGs in 2024.

• Reach net-zero emissions by 2050.

Priority: Product Responsibility• Maintain 100% of active employees trained on the Global Code of Ethics.

Priority: Empowering Communities

Create positive social impact in our local communities.
Targets

Target• Achieve 75% participation for giving and volunteering incommunities by 2030.

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Target• Expand training programs by 20% by 2030.

Design and implement solutions that use less material.

• By 2025, 100% of our stand alone Pro3 camera packaging will bemade from recyclable or renewable materials.

Cultivate a culture of ethics and trust.

• Increase equitable access to cultural spaces by capturing 5,000
spaces by 2030.

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INTRODUCTION

Stakeholder Engagement
Considering the interests of our stakeholders is fundamental to our ESG strategy and informs our decision-making process. Regular engagementwith stakeholders provides us with valuable insights and enables us to foster strong relationships, prioritize critical issues, and drive positive impact.
Employees

Our Matterpeeps are our greatest asset, and we regularly
engage with them to promote a positive, inclusive
workplace experience.
How we engage• Discuss strategic priorities in town hall andall-hands meetings• Obtain direct feedback through surveys• Provide learning, development, coaching, andmentoring opportunities

Investors

Third-party Developers and Partners

Communities

How we engage

How we engage

How we engage• Share priorities and performance through the Investor
Relations section of our website and within regularfilings with the Securities and Exchange Commission• Provide information via developer updates andmarketing communications• Offer free access to our digital twin platform forselect, qualifying schools, nonprofits, and disaster
response organizations

Engaging with the investor community fosters constructive
dialogue, helps us understand priorities, and provides
opportunities to advance awareness of our businessstrategy and initiatives.

• Conduct performance appraisals and careerdevelopment discussions• Provide information and opportunities for discussion
through quarterly earnings calls, an annual meetingof stockholders and participation in conferences,webcasts, and other investor events

Customers

Suppliers

Our customers help drive innovation and are vital to ourbusiness success.
How we engage

We engage with suppliers through our Supply Chain team,
who ensure our suppliers meet specific quality standards,
and comply with all regulatory requirements.

• Customer Advisory Board for enterprise customers

How we engage• Offer early adopter programs for piloting new featuresand initiatives• Provide guidance on our Supplier Code of Conduct andsupplier qualification process• Gain feedback through in-person interaction, in-productadoption, voice of the customer sessions, and surveys• Work with suppliers on environmental policy alignment,
and commitments to reduce their environmental impact

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Our third-party software marketplace has created aplatform where developers and partners can tap into ourapplication programming interfaces (API), and incorporate
Matterport into their own workflows.

• Enable access to developer tools through our website• Offer opportunities for developers to share and explore
platform possibilities• Provide developer support through our help center

We recognize the power of technology and data tochange the world and leverage our people, products,
and services to improve lives and strengthen andempower communities.

• Provide matching contributions for employee donations
to qualifying non-profit charities• Support employee volunteerism in local communities
through company-sponsored events“Our customers are instrumental in our ability to innovate. They
provide input and feedback, enabling us to test and pilot new
initiatives. In 2024, we plan on launching several programs toconnect to customers, such as customer advisory boards andfireside chats, webinars, quantitative surveys, and more.”- Preethy Vaidyanathan, Vice President, Product8

Environmental
Stewardshipmatterport.com/esg

ENVIROMENTAL

Asen’s Fortress

9

ENVIROMENTAL

Environmental Stewardship
The escalating effects of climate change pose extreme risks to society, businesses,
economies, and the planet. We are committed to doing our part to minimize our environmental
impact by reducing emissions and resource use in our own operations and across our supply
chain. With environmental efficiency and sustainability directly embedded into our innovativetechnology and digital twin platform, we enable our customers to do the same.
Approach
Our platform is sustainability in action. Millions ofbuildings and other physical spaces are turned into 3D
digital twins, empowering our customers to reduce theirown GHG emissions by working in smarter ways that put
less strain on the planet. And we’ve challenged ourselvesto lead by example.
For a global company, our physical footprint is relatively
small. Keeping this in mind, we focus our strategy on
reducing our environmental footprint in ways where
we believe we can achieve the greatest impact. We arecommitted to the innovation of our platform and products
to accelerate global climate solutions and are dedicated tofollowing our related principles and policies and pursuing
our related goals and risk-mitigation efforts.
In 2023, we continued to formalize our environmental
and climate risk strategies. We again partnered with anoutside carbon accounting firm to gather data on our
GHG emissions to measure, monitor, and reduce our own

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carbon footprint. We set our first GHG emissions reduction
targets, developing these goals using leading sciencebased methodologies. We also set a target for circularity in
our product packaging.
Moving forward, we will continue to seek out ways tofurther reduce our environmental footprint with respect
to product manufacturing, shipping, and recycling. This
includes working with our suppliers and partners to findefficiencies across our supply chain.

ImpactWe are committed to environmental stewardship andtransparency in our reporting practices. In 2023, we
measured our Scope 1, 2 and 3 emissions for a third year,
analyzing our year-over-year data. We also set our firstclimate targets to guide our progress.

Emissions Targets
1. Reduce our Scope 1 and Scope 2
GHG emissions by 20% by 2030.

This will be achieved through targeting energy efficiency
initiatives with respect to our real estate, and includes
committing to fully sourcing renewable energy across all
sites and undertaking energy audits to identify new energy
efficiency opportunities.

2. We commit to improving Scope
3 data quality year on year and tocontinuing to conduct Life Cycle
Assessments (LCA) for
key products.

We aim to improve the granularity of our Scope 3
calculation year on year and use this data to target
specific initiatives to reduce the upstream anddownstream impact of our business.

3. Reach net-zero emissions by 2050.

We plan to implement new policies and practices,
including engaging with our key suppliers on emissions
reductions and renewable energy in their operations,working to reduce emissions associated with our locations,manufacturing and supply chain, and using data to identify
additional areas for improvement.

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ENVIROMENTAL
2023 Emissions

Scope

Matterport’s total greenhouse gas emissions for 2023
were an estimated 12,107.15 tonnes of carbon dioxide
equivalent (tCO2e). This included:• Scope 1 emissions: 0.16% of our total footprint· 100% natural gas consumption from combustion in
our Sunnyvale headquarters• Scope 2 emissions: 0.69% of our total footprint· 100% indirect emissions from electricity
consumption across all facilities• Scope 3 emissions: 99.15% of our total footprint
· Upstream transportation (transport of products tocustomers and assembly): 799.14
· Business travel: 803.54
· Purchased goods and services: 9815.07

In 2023, our total GHG emissions were 12,107.15 tCO2e.
The overall change in total emissions from 2022 to 2023
was +3.75%, mainly due to increases in purchased goods
and services (+1435 tCO2e), smaller increases in business
air travel (+285 tCO2e), and Pro3 purchased materials(+121 tCO2e). Our most significant reduction has beenachieved in the impacts related to the transportation anddistribution of products. However, this has been offset by
an increase in business travel emissions, and emissions
associated with purchased goods and services. In 2024,
we will set carbon reduction goals and will regularly
monitor performance against these goals moving forward.
Though we saw an increase in our total GHG emissions,
we decreased emissions from 2022-2023 in various areas
such as Pro2 emissions, travel to work, and purchased
goods. These decreases were primarily driven by a few key
factors, including the consolidation of our product stream
to focus on manufacturing our Pro3 camera. We saw adecrease of a combined 1070 tCO2e in emissions frompurchased and transported materials for the Pro2 camera.
Our flexible, remote-first approach resulted in fewer
Matterpeeps traveling to an office, decreasing
emissions by 171 tCO2e.

Methodology Statement
Matterport has used Minimum, the Enterprise Carbon Management Platform, to independently calculate its Greenhouse Gas (GHG) emissions in accordance with the principlesof the Greenhouse Gas Protocol. The GHG emissions have been assessed following the ISO-14064:2018 standard and have used the 2023 emission conversion factors
published by the Environmental Protection Agency (EPA), the Department for Business, Energy & Industrial Strategy (BEIS), International Energy Agency (IEA) and other publicresources. The reporting year shown is from January 1, 2023 – December 31, 2023, and considers all assets under Matterport’s operational control. The Scope 2 approach usedis the location-based approach. The Scope 3 boundary has been developed in accordance with the Greenhouse Gas Protocol’s Scope 3 Guidelines.
There have been no significant methodological changes since the 2022 footprint calculation. Actual activity data has been collected from across the value chain whereavailable. Missing activity data has been estimated where appropriate using the average daily energy consumption as a benchmark. This data has been summarized, reviewed,
and assessed by Minimum for its completeness and accuracy. The activity data is multiplied by an appropriate emission factor to calculate the Scope 1 and 2 emissions for
Matterport. For Scope 3 impacts related to the products sold by Matterport, results have been calculated using the outputs of product-specific LCAs which were produced by
Minimum.
Matterport uses a location-based analysis for carbon inventory.

Percentage

19.45

0.16%

Scope 2

83.53

0.69%

Scope 3

12,004.17

99.15%

Total

12,107.15

100%

Scope 1

Key Findings

Emissions Intensity

2021-2023 Emissions

2021

76.7 (tCO2e/ M.USD)

2022

2023
11589.69

10,00012004.17

8436.41500
tCO2e

Our Emissions

tCO2e

100
77.42
0

22.37

17.33

19.45

Scope 1

62.26

83.53

Scope 2

Scope 3

Decrease in Activity from 2022 to 2023
Cloud Storage and Usage

0.71

Homeworking
Transport of materials to assembly site
Transport to customer
Other Purchased Goods
Pro2 - Purchased Materials

7.18

Pro2 - Transport of materials to assembly site
Travel to work

90.87
36.06
98.29
884.32185.7
171.72
Decrease (tCO2e)

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ENVIROMENTAL

Energy, Waste and Water Management
To protect the environment and use resources wisely,
we take steps to minimize and manage our waste, water
usage, and energy consumption. We work to minimize
waste in our manufacturing and operations. We also
continue to shift to renewable energy sources. In 2023,
we consumed 1,614.0 GJ in energy, of which 75.1% was
renewable. While we are not a large water consumer, we
track our water use across our locations. In 2023, our total
water withdrawn was 1,780.6 m3 and our consumption was
1,140.6 m3.

TARGET

By 2025, 100% of our standalone Pro3 camera
packaging will be made from recyclable orrenewable materials.

At the start of 2023, we occupied thefollowing five facilities:

To support our goal of operating more sustainably
throughout our product lifecycles, in 2023, we partneredwith Blue Star Services, a global, R2-certified electronics
recycling and e-waste company to provide free recyclingof Matterport hardware and accessories that are beyond
repair, a critical step in reducing electronic waste as
result of our products. Through the program, Matterport
customers in North America can reduce the impact of
their electronic waste by recycling unrepairable Matterport
products for free.

• Singapore• Japan (WeWork)• Chicago, Illinois (closed)• Rosemont, Illinois (Regus) (reduced )• Sunnyvale, California (Headquarters)
During the year, we closed our Chicago office andsubstantially reduced the size of our leased officespace in Rosemont.

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We have been e-recycling our camera components since2016. Roughly 99% of these components are recoverable
and reusable, and the remaining 1% that is unrecoverable
is responsibly recycled.

In 2023, we sent 100% of our electronic
waste to Blue Star Services, anR2-certified electronics recycling ande-waste company.

Facilities

The resulting 33 percent reduction in office square footage
enabled us to proactively reduce our GHG emissions.
And while our remote-first workplace policy kept our
location usage low, we continued to expand our efforts
to use energy efficient lighting, employ smart sensors
and thermostats, encourage electronic communications,and provide electric vehicle charging stations at ourheadquarters in Sunnyvale.

next generation Pro3 camera uses a removable battery,extending the useful life of the camera and enablingcustomers to swap out batteries rather than sending thecamera back for repair.

Product Footprint
We apply circular economy principles to our products,
designing longevity and sustainability directly into ourcameras. They are built to last and we provide customers
with localized repair services directly from Matterport
and through outsourced partners. We also provide a freerecycling option in partnership with Blue Star Services.
Most returned cameras are refurbished and reused in avariety of ways, including out of warranty returns, training
and marketing purposes, demonstrations, or for ourinternal loaner program where Matterpeeps can borrowthe cameras for their own personal use. In addition, ourIn 2023, we recycled 2,517 pounds ofpackaging materials and RMA productwaste at our Sunnyvale location.

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ENVIROMENTAL

CASE STUDY

Siemens Accelerates Digitizing Manufacturing Operations
In late 2022, the Siemens incubation team helped
coordinate the capture of approximately 4,000 m²
of one of its manufacturing plants in Asia. Some
2,500 m² captured in the digital twin feature thefacility’s shop floor and the remaining 1,500 m²
document warehouse areas. The high-resolution
digital twins enable Siemens personnel tomeet virtually with new and existing customers
to discuss the company’s manufacturing
capabilities in exquisite detail.
With the high-definition imagery in a Matterport
digital twin, tight spaces that might only
accommodate a few people in-person canbe viewed in unison online. Zooming in on
specialized equipment to highlight advanced
features requires only the flick of a finger on amouse. The noise issues of conducting meetings
during a production run are eliminated alongwith the physical safety risks and complexities
of welcoming visitors in-person. Management isparticularly interested in conducting tours using
virtual reality (VR) headsets, mitigating the risk ofunauthorized photography of sensitive areas, andreducing travel costs and loss of productivity withtravel. Learn more here.

“We are always on the lookout for novel solutions that canenhance the way we do business.”- Alexandre Piedade, Incubation Manager, Siemens

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13

ENVIROMENTAL

Pro3 Impact

Supplier Environmental Compliance

Each Pro3 camera produces 115.56kg of tCO2e fromproduction to sale. 58.7% of these emissions are the resultof materials used and 41.3% come from transportation.
In total, the Pro3 accounted for 3.2% or 376.22 tCO2e ofMatterport’s total carbon footprint.

We require our suppliers to consider their impact on theenvironment and encourage positive solutions to reduce
the negative effects of their consumption, products,
services, and logistics. At a minimum, suppliers mustcomply with all applicable environmental laws andregulations, minimize harm to the environment, and, we
also expect suppliers to have commitments to identify,
measure, and reduce significant environmental impacts,
identify business risks associated with climate change,
and align with Matterport’s environmental policies.

• Embodied emissions:
67.77 kg CO2e per camera• Transport to assembly site emissions:1.77 kg CO2e per camera• Transport to customer emissions:46.02 kg CO2e per camera

This includes having systems in place to ensure the safe
handling, movement, storage, and recycling of waste, andemissions. It also includes the expectation that suppliers
hold all environmental permits, licenses, information
registrations, and restrictions required to conductbusiness. In addition, suppliers should have documented
policies in place regarding the management of waste, airemissions, and wastewater discharge, and systems toprevent and mitigate accidental spills and releases into theenvironment.

In 2024, we will expand our sustainability efforts,
creating greater efficiencies in our shipping processes
by re-engineering our Pro3 packaging, and creating
more compact Pro3 accessories. In addition, we planon partnering with certified, third-partner repair
locations across the globe. This effort will also
create efficiencies in logistics to help ensure
consistency in our service capabilities.

Supply Chain
We are committed to building a better world and we expect
our suppliers to do the same, considering their impact on
the environment and employing systems and solutions
that make productive and efficient use of resources. For
information on supply chain management, please see the
Responsible Sourcing section of this report.

“Our plans for 2024 will be a win for our company and the planet! Our new
standalone Pro3 packaging and accessory designs will help reduce ourcosts with respect to shipping, freight, and logistics, while reducing ourenvironmental impact.”- Flora Chan, Vice President, Manufacturing Operations

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ENVIROMENTAL
Matthiessen Lake Waterfall

2.4 million: the total number of digital twins
created in 2023.
Product Quality and Safety
Throughout the product design and manufacturing
process, we integrate appropriate procedures to ensure
the quality and safety of our products, as well ascompliance with recognized quality, safety, andenvironmental standards.
Our modularized Pro3 camera is now manufactured by
an experienced global partner in Asia, with key criticalcomponents created in the same region to minimize
our logistics carbon footprint. This ISO 9001-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.

In 2023, we hired an Asia-based
Supplier Quality Manager to monitor
and audit our Pro3 camera supply
chain at all key facilities in the region,
including manufacturing, procurement
and environmental sustainability
practices. All met ISO9000 standards
and adhered to RoHS requirements.

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Moving forward, we will continue to seek out opportunities
to work with our manufacturers and shipping providers
to reduce our carbon footprint. We will also work withdesigners and suppliers to increase the efficient useof energy and materials throughout the design andproduction processes.

Empowering Sustainability
We have a distinctive opportunity to advocate forsustainable business practices, not just by implementing
innovative business strategies, but because sustainability
is embedded into our products and platform, helping
decrease the built world’s carbon footprint.
The United Nations Environmental Programme foundthat energy demand and emissions from the building
and construction sector represent over a fifth of global
emissions. And according to the World Green Building
Council, buildings are currently responsible for 39%
of global energy related carbon emissions: 28% fromoperational emissions, from energy needed to heat, cooland power them, and the remaining 11% from materials
and construction.

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ENVIROMENTAL

By transforming millions of physical spaces into 3D digital
replicas, our products and platform help eliminate theneed to be physically present. Combined with our Property
Intelligence and other AI tools, customers can data sharefrom virtually anywhere in the world, equipping themwith numerous ways to reduce energy consumption andmitigate their carbon emissions. And we’re justgetting started.

Avoided Emissions
Since 2022, we’ve commissioned independent carbon
accounting experts to calculate the emissions reduction
potential of using Matterport’s digital twin platform.
Last year, the findings revealed that the average digitaltwin creator avoids around 0.55 tCO2e a year and on
average, each digital twin can avoid around 0.15 of tCO2e
from being emitted on a life-cycle basis – equivalent todriving a personal car for around 451 miles. This year, we
maintained our relationship with our carbon accounting
experts to review the emissions reduction potential ofusing Matterport’s digital twin platform. It was importantfor us to ensure that the methodology* used to calculate
avoided emissions are up to date and in line with bestpractices. After review, our avoided emissions analysis
remains consistent with last year, as our Pro3 has not gone
through any material changes. We will continue to review
best practices.

Avoided Emissions Reporting
In late 2022, we began working with an outside carbon
accounting firm to develop the methodology for building
a carbon calculator to provide customers with detailed
insights into carbon emissions savings enabled by the useof our digital twin platform. In 2023, as a result of these
efforts, we began planning the formal launch of avoided
emissions reporting for select enterprise customers.
Avoided emissions reporting takes a deep dive into anorganization and is personalized and customized for eachcustomer. It enables an understanding of the impact ofemissions avoided by collaborating remotely instead of
traveling for tasks such as tours, inspections, progress
monitoring, change management, and more, taking into
account factors such as the number of digital spaces
created, geographic location, and site visits. Customer
reports will be tailored to their primary use cases — suchas property marketing, insurance, design, and construction
or facilities management. These considerations are thenbalanced against the estimated emissions from creatingand hosting each digital twin to determine the total
emissions avoided.
We expect to launch our avoided emissions reports inearly 2024 to select enterprise customers. The reports
will be more broadly released later in 2025, with customer
feedback informing further enhancements and scalability.

* Methodology used to determine avoided emissions: The analysts estimated avoided emissions based on five use cases of digital twins: real estate promotion, construction,
insurance, facilities management, and photography services. They found that using digital twins for facilities management purposes tends to avoid the highest amount ofemissions. Baselines were developed for each use case across three different intensity levels: low (assuming mainly short distances with no air travel), medium (assuming
distances within the United States and some air travel in specific use cases), and high (assuming cross-country distances and significant air travel). These baseline carbon
emissions were then compared with the embodied emissions associated with creating digital twins, accounting for embodied emissions of hardware where applicable.
Matterport followed best-practice guidance from the World Resources Institute and GHG Protocol when calculating the avoided emissions. A consequential estimation approach
was applied and results were calibrated based on a conservative approach.

matterport.com/esg“As a product owner, I want to provide users with sustainability
benefits of my digital twin solutions. The avoided emissions reportis informative with a concise format that contextualizes
our aggregated impact.”- Fortune 100 Matterport Customer

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ENVIROMENTAL

Integrating Sustainability
Our Matterport Pro3 camera captures properties fasterthan earlier versions to help accelerate project completion.
Launched in late 2022, the Pro3 provides the highest
accuracy scans of both indoor and outdoor spaces andis designed for speed, fidelity, versatility, and accuracy.
The software has also been optimized to support larger
facilities, with the ability to scan more than five times
the square footage of earlier versions. With more andmore large buildings being “Matterported,” larger crossfunctional working teams are using the digital twins indifferent ways to gain insight into a facility, expanding
usage and deepening efficiencies across an organization.
In 2023, we further integrated Matterport into partner
design/construction platforms, providing their customers
with the efficiencies and insights that come from the useof our digital twin products and platform.

Amazon Web Services
In April 2023, we announced new integrations with AWS
IoT TwinMaker (Internet of Things), an AWS solution thatmakes it easier for developers to create digital twins ofreal-world systems such as buildings, factories, industrial
equipment, and production lines. The new integrations
enable enterprise customers to seamlessly connect IoT
data into visually immersive and dimensionally accurate
Matterport digital twins, supporting enterprise digitaltransformation efforts by providing an efficient andcost-effective solution to remotely optimize building
operations, increase production output, improve equipment
performance, and increase environmental health andsafety at their facilities.

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Nature and Biodiversity
Autodesk
In March 2023, to foster construction teamcollaboration throughout the construction project lifecycle,
we launched the Matterport app for Autodesk Construction
Cloud, powered by Autodesk Platform Services. With
access to a shared digital twin, stakeholders involved in
the project, from architects and engineers to contractors
and owners, can easily visualize site conditions andidentify potential issues before budget and schedules
are impacted. This immersive experience provides
valuable context to enable faster decision making andcommunication among project teams.

Procore Technologies
We expanded Matterport’s platform ecosystem support
for design and construction management software
services, enabling Procore users to use features directly
within Matterport’s 3D Digital Twins, creating a visualsystem-of-record for site conditions that anyone on a
project can track. Users can transition seamlessly between
their Procore project management workspace and the
Matterport digital twin, centralizing recordkeeping andenabling better progress tracking, quality control, and more
efficient closeout processes.

We all have a role to play in protecting biodiversity andnature. Natural resources are essential to individualand community wellbeing and the success of the global
economy. As part of our broader environmental strategy,
we are committed to understanding and addressing
nature-related impacts of our operations. We are also
committed to continuing to develop strategies andpractices to mitigate business impacts and developing
innovative partnerships, product enhancements andcutting-edge technology to maximize efficiency and help
prevent further loss and depletion.

Climate Risk and Resilience
Addressing and managing climate-related challenges
and opportunities are key components of our businessstrategy. We recognize that climate-related risks cannegatively impact our operations, workforce, clients,
investor,s and other stakeholders.
For example, extreme weather conditions could impact
our manufacturing processes, our supply chain, anddiminish the availability of materials. These insights guideour facility risk assessments and business continuity
planning, which we conduct regularly throughout the year.
Moreover, we’ve embedded these risks into our ongoingrisk management process, instituting measures, andstrategies to counteract potential disruptions stemmingfrom climate-related factors.

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SOCIAL

Social Responsibility
St. George Children’s Museum

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18

SOCIAL

Social Responsibility
Technology and data have the power to change the world. And to create the best technology and gain the best insights,
companies need the best people. At Matterport, we enable collaboration and innovation by providing our Matterpeeps withthe right resources, tools, and opportunities to thrive and grow. As a result, our 3D digital twin platform and AI capabilities
help transform the way people access, understand, and use space to build a more inclusive, accessible, and equitable world.
Our People
At Matterport, we’re committed to creating a workplace
that’s as innovative, forward-thinking, and inclusive as theworld we’re building. Our success is driven by the talentand dedication of our engaged, diverse and experienced
workforce. To attract, develop, and retain the very best,
we cultivate a supportive, inclusive workplace and culturethat drives innovation, embraces diverse perspectives,
encourages collaboration, and provides our Matterpeeps
with the opportunity to reach their full potential.

TARGET

Achieve gender parity among all full-time employees by 2030.
2023 Workforce Data
448 full-time employees†

Human Capital Management

385 North America

Our Board Compensation Committee is responsible forreviewing Matterport’s overall compensation and humancapital management philosophy on a quarterly basis.
Talent-related risks and opportunities, as well as progressagainst our human capital management philosophy isreviewed annually with our Board of Directors.
Our Chief People Officer leads our People team and is
responsible for building a positive employee experienceand culture that enables our Matterpeeps to live their best
lives and do their best work.

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Employee Gender Breakdown

22 Asia-Pacific

Women • 39.7%

Men • 60.3%

41 Europe, Middle East and Africa
10 Countries†

Includes 10 fixed-term contract (FTC) employees.

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SOCIAL“At Matterport, we put our people first. Caring about our employees is at theforefront of what we do and it goes well beyond the programs we offer. We’re
guided by our values and do what it takes to help ensure Matterpeeps feel
respected, supported, included, and empowered to realize their full potential.”- Jean Barbagelata, Chief People Officer

CultureOur Three Dimensions of Matterport outline our values andempower our workforce. Each of our values corresponds
to specific actions that foster leadership, inclusiveness,collaboration, and understanding.
Together, they form the foundation for our culture, whileboosting job satisfaction and inspiring the innovationnecessary to make our technology smarter for everyone.

Our Values

Our Behavoirs

Be a Leader

Generate energy
Create clarity
Be accountable

Be Inclusive

Seek different perspectives
Foster open dialog
Create a sense of belonging

Be the Customer

Understand them
Delight themHelp them win

For additional information on our vision, mission and values, please see the About
Matterport section of this report.

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We proactively seek feedback and guidance from ourMatterpeeps, whom we see as our partners in building astrong, remote-first, culture. In addition, we encourage ourleadership group to regularly check in with their teams
to gather input on how to improve retention, productivity,and engagement. Employee Resource Groups (ERGs),a platform for Courageous Discussions, company-wide
recognition and celebrations of important cultural events,
and an open forum to ask questions of leadership are also
important aspects of our culture.

across the organization, including the representation of
women and minorities in leadership positions, and foster
an inclusive environment and culture that honors andencourages individual differences and provides fair andequal opportunities for everyone.
We believe every employee should feel valued andconfident they can make a meaningful contribution as
their authentic selves. We strive to create a sense of
belonging and community by building a diverse workforce
and cultivating an accessible, open, and inclusive work
environment. We equip our managers with the tools
they need to be inclusive leaders and execute diversity
and inclusion goals. We also train all employees on
how to recognize and respond to unconscious bias. We
advocate for equity outside our own organization too, withMatterport policies, products, and services designed to be
fair and inclusive with equity at the core.

87% of Matterpeeps
feel their manager
cultivates an inclusive
environment (up 2% from 2022).

Diversity, Equity and Inclusion
At Matterport, we are committed to cultivating adiverse and inclusive workplace and workforce rooted
in trust, fairness, empathy, respect, transparency, andaccountability. We don’t just value differences; we preferthem. We focus on advancing diversity at all levels

82% of Matterpeeps
feel they can betheir authentic
selves at work.

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SOCIAL

Diversity, Equity and Inclusion Dashboard

DEI Training and Development

Our diversity, equity and inclusion (DEI) dashboard
provides us with a way to internally track our efforts,
measure our performance, gain insight, and make
improvements to our programs. The dashboard illustrates
various metrics including:

We provide DEI training courses to ouremployees and develop our existing talent throughour Elevating Matterpeeps’ Empowerment, Retention,
Growth and Excellence (EMERGE) program forunderrepresented groups.

• New hires

EMERGE• U.S. and global diversity data

We value a diverse and inclusive workplace where
employees are provided with opportunities to continue
their development journey. Launched in 2022, our
EMERGE Program provides underrepresented employeeswith opportunities to develop their leadership skills andbusiness acumen through a DEI lens.

• Promotions• DEI event attendance• Engagement survey feedback

To develop a truly diverse workforce and workplace we:Use data to provide insight.
We collect qualitative data through listening sessions and surveys to assess the employee experience andmake informed, targeted decisions. This information also helps us identify potential opportunity gaps toa truly diverse workforce.
Provide resources to support growth.
We offer employee resources to support each individual journey. Our self-guided toolkit includes Employee
Resource Groups (ERGs), an inclusion Slack channel devoted to informal discussions, and an internal
inclusion site with key definitions, articles and more.
Offer training to prepare our teams.
Beyond giving managers the tools they need to be inclusive leaders and execute diversity and inclusion goals, we
also train all employees on how to recognize and respond to unconscious bias.

In 2023, 99% of Matterpeeps completed
unconscious bias training.
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The six-week program is open to employees who identify
as BIPOC (Black, Indigenous, People of Color) and/​or identify as women or another marginalized gender.
Through discussion, learning sessions, mentorship
exposure, group collaborations, and opportunities topresent solutions to our executive team, participants
can grow professionally and make valuable
connections with senior leadership and Matterpeeps
from across the organization.

In 2023, 18 participants learned from guest speakers andworking group collaborations, allowing them to engage
and network with Matterpeeps from various departments.
Sessions explored topics such as Emotional Intelligence,Managing Performance, and Elevating Executive Presence.

2023 EMERGE Highlights

18 participants, a 125% increase from 2022
8.9 out of 10 satisfactory rating among all participants
100% of participants felt they connected with anotherparticipant from a different department
94.4% of participants felt they could implement lessons
learned into their current role
What our EMERGE participants have to say:

“EMERGE furthered my professional growth and allowed me to learn more about
emotional intelligence and how to apply it to all areas of my life.”-2023 EMERGE Participant“EMERGE gave me a greater sense of self-awareness and understanding of mystrengths and weaknesses. This has enabled me to make more informed careerdecisions and play to my strengths.”-2023 EMERGE Participant“I highly value personal growth and EMERGE provided me with a vehicle for growththat I really appreciated! Additionally, I loved having the opportunity to connect withothers within the organization that I wouldn’t otherwise have had the chance to meet.”-2023 EMERGE Participant
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SOCIALTARGET

Add a minimum of two new ERGs in 2024.
Employee Resource Groups
Our seven Matterport ERGs are powerful vehicles for
progressing inclusion across our organization. Led byvolunteer Matterpeeps, along with an executive-level
sponsor, each ERG provides a safe space and supportive
atmosphere based on diverse shared characteristics andexperiences. They also help build community by hosting
robust discussions and activities to educate, support andincrease awareness, while accelerating belonging andinclusion across the company.
In 2023, we added our newest ERG, Women of Matterport
EMEA (WOM EMEA) to provide women in our second
largest region with a supportive environment and an
opportunity to build their skills and elevate their careers.
Our ERGs were led by 14 Matterpeeps, each representing
or co-leading their respective ERG. With support from 7
executive sponsors, they planned and coordinated 12companywide ERG events. Examples include the following:
WOM ERG: Fantastic Failures Career PanelOn March 28, 2023, our WOM (Women of Matterport) ERG
hosted a panel discussion, inviting four of its members tomatterport.com/esg

talk about their greatest professional “failures,” and how
failure helped them grow. Attendees were able to reflect onthese experiences and hear how other Matterpeeps wereable to overcome challenges.
AAPI ERG: Diwali Celebration
On November 30, 2023, our AAPI (Asian American andPacific Islander) ERG hosted a hybrid Diwali celebration
with Matterpeeps celebrating in-person and virtually.
Attendees learned about the history and meaning of
Diwali and painted diyas. In-person attendees also
enjoyed a BBQ to close the festivities.
Latines of Matterport ERG:
Hispanic Heritage Mariachi Celebration
On October 12, 2023, our Latines of Matterport hosted a
hybrid Hispanic Heritage Month celebration.
This event featured the local Sunnyvale, California HighSchool Mariachi Band performing at our Matterport
headquarters. In-person attendees enjoyed a taco
cookout with the students.

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SOCIALsuggestHear from our ERG Leaders“Being a Latino son of immigrant parents in the U.S., I feel a strong connection to myculture and that of the Latino community as a whole. The Latines of Matterport ERG
is an avenue for me to connect with fellow members of the Latino community within
Matterport and outside of it. Also, as part of a small “Latino in tech” community I could
share my story and connect further with fellow Matterpeeps.”
Latines of Matterport ERG co-lead“As an active member of the Hispanic Community, serving as an ERG Leader was a great
way to get involved with my cultural background at Matterport. Fostering importantconversations and keeping the whole of Matterport involved in the community has beena great way for us to learn from our fellow coworkers about cultures and places different
from where we may be from.”
Latines of Matterport ERG co-lead“ERGs are an important resource and a way for all Matterport employees to feel
connected and be able to bring their true selves to work. As the leader of Pride of
Matterport ERG, I was able to connect with colleagues, and enhance everyone’s
professional and personal growth. It feels great to work for such a supportive company”
Pride ERG co-lead“I chose to be an ERG leader in order to help create a safe space for Black Materpeeps
who are looking for resources to help navigate their personal and professional paths
while at Matterport. The goal is to foster a community where everyone feels comfortablelearning and sharing in their experiences.”

In 2023, 67% of Matterpeeps were members of
an ERG, or attended an ERG meeting.
In 2024, we plan on introducing a new ERG initiative thatprovides an opportunity for our ERGs to tell their stories
through 3D digital twin scans of locations of cultural
significance. These include important cultural and historic
locations such as:• Chinatown Friendship Archway• Thurgood Marshall Memorial• Eleanor Roosevelt Statue

Courageous Discussions
Matterpeeps come together to discuss global issues,
momentous events or other high-profile topics that may
lead to misunderstanding or division. These Courageous
Discussion forums provide our Matterpeeps with theopportunity to share their feelings in a non-political, safe,and respectful atmosphere, while enabling them to learn
from each other and understand different perspectives.
Topics can range from current affairs to disability,
neurodiversity, and what it means to be an ally.

In 2023, we held 6 Courageous Discussion forums,
attended by 172 Matterpeeps. Topics included:• AAPI Heritage Month: A conversation celebrating AAPI
heritage and the many experiences members of the
AAPI community face in corporate spaces. Matterpeeps
discussed ways to foster workforce inclusion andrepresentation for all Matterpeeps, including membersof the AAPI community.
• Hispanic Heritage Month: A conversation exploring
diversity within the Hispanic community and celebrating
Hispanic Heritage Month was hosted by our Latines ofMatterport ERG and an external speaker. Matterpeeps
discussed their overall professional journeys and how
they carry and honor their Hispanic heritage.
• Breast Cancer Awareness: A conversation exploringbreast cancer awareness and disparities in care andservice hosted by our Women of Matterport andBlack Employee Resource Group ERGs. Matterpeeps
discussed the impact that breast cancer has had on
their lives, personally and professionally.

Black Employee Resource Group co-leadmatterport.com/esg

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Talent Attraction and Recruitment
In a rapidly evolving market, attracting and retaining theright employees with the necessary skills, experiences, andperspectives is crucial to achieving our business goals.
Our Talent Acquisition team follows a consistent, yetspecialized approach 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 thesame time, the team builds a recruiting strategy for each
open position, taking into account insights as they relate
to market realities, availability of talent, compensation
expectations, immigration, and availability of diverse
candidates. As a remote-first company, we cast a wide
net for talent, recruiting and hiring outside of our physicaloffice locations. While this enables us to broaden our
search parameters, it also provides our employees with theflexibility and freedom that come with remote work.
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, and schools, helping us engage,recruit and hire talent from all communities. We also
encourage jobseekers to apply to our open positions even
if they don’t meet all requirements. We even have a static
Dream Job at Matterport position on our career site toencourage candidates to apply to Matterport if they believe
they have skills and experience that may be beneficial tothe company. At Matterport, we are committed to fostering
an inclusive and dynamic work environment where
diverse talents can thrive and contribute to our mission ofdigitizing the built world.

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TARGET

Expand training programs by 20% by 2030.
Talent Development

Ongoing Training

To attract and retain the best talent, and to help Matterport
deliver against our strategies, we provide a variety ofcareer growth and leadership development opportunities
and resources to help our Matterpeeps reach their fullpotential. Growing our talent and building our capabilities
fosters a stronger culture and helps our entire organization
establish a strong foundation for long-term success.

Our learning experiences are focused on helping
Matterpeeps build the knowledge and skills needed
to support current business priorities and secure
future success. Our ongoing training helps further
their development, strengthen our culture, and drivecompliance and quality across the organization. We offer
a variety of courses and coaching on themes that include
Career Development, Emotional Intelligence, Authentic
Conversations, Personal Accountability, and Essential
Management Skills. Throughout the year, we also provide
specialized training, conferences, and meetings on new
Matterport products and features, as well as training
relevant to Matterpeep’s day-to-day responsibilities.

In 2023, Matterpeeps logged 1185
hours of training.
New Hire Training
While all new hires complete mandatory training, see
Governance section, we also provide new Matterpeeps
with specific training to ensure they are set up for success.
As part of our onboarding process, our new hires receive
training on our 3D digital twin platform, including a
90-minute product and technology session that provides
them with extensive knowledge on our products andtheir features and benefits. 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 thespaces they have captured as a new employee and thendiscuss the different features they used to customize
those spaces.

Leadership Training
Our Matterport leaders have the opportunity to participate
in one-on-one executive coaching and personalized
resources to enhance their leadership skills. They also
participate in quarterly check-ins to ensure Matterpeeps
can receive actionable feedback from their managers. In
2023, 376 Matterpeeps participated in twelve quarterly
check-in training sessions.
Monthly, hour-long meetings are also held with Matterport
leaders at the VP level and above to discuss corporate
culture and leadership within our Three Dimensions ofMatterport actions and values.
In 2024, we plan on expanding our catalog of training
to include company wide accountability training, andincorporating accountability into the workplace.

2023 Highlights
Ongoing Training• In Q4, 144 Matterpeeps completed 8 Matterport
professional development courses, with topics
ranging from essential management skills to
product knowledge.
• An average of 140 Matterpeeps attended ourmonthly companywide Matterport 1:1:1 hour-longsessions, focusing on various business topics.
• 310 Matterpeeps attended our monthly
Watercooler Talks, a 30-minute huddle for
Matterpeeps to get to know other employees.

New Hire Training• 95% of new employees found the training
content to be useful within 60 days of theirstart at Matterport.
• 100% of all new hires customized a space andcreated a digital twin, with 100% indicating theyfelt comfortable enough to connect withcustomers within the first week.
• 82% had never used Matterport products before
but felt comfortable and ready to capture andcustomize a space using the Matterport app.

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Health, Benefits and Wellness
At Matterport, we believe that taking care of ouremployees’ well-being is critical to their professional andpersonal success. To help enhance their lives and enable
informed decisions, we provide our Matterpeeps with avariety of programs, resources, and initiatives for mental,
physical, financial and social well-being.
In 2023, we leveraged our engagement survey to
examine employee health and well-being, particularly in
relation to our remote-first workplace environment. The
survey revealed that Matterpeeps felt autonomy in theirschedules, and that working remotely fostered an overall
sense of well-being.
• 92% of those surveyed felt they are genuinely
supported if they need to make use of flexible
working arrangements.
• 90% of those surveyed felt they are able to arrange
time off from work when needed.

We are dedicated to fostering an environment and culturethat supports quality of life, and a community where
people help each other thrive. Our open, dedicated Slackchannel on wellness provides a space for updates, events,and employee questions. At the end of 2023, there were
225 members participating in this community space.
We also empower employees to take charge of theirwellness with a variety of resources tailored to specificneeds. Resources include quarterly policy reminders andinformation regarding important health and wellness
topics. For example, during Mental Health AwarenessMonth, we focused on mental health education and thevarious resources available at Matterport, as well as
outside the company.
We are committed to maintaining a positive, safe, healthy
work environment for all our employees, and comply withall applicable local laws and regulations governing working
conditions, working hours, fair wages and compensation.

Matterport Wellness Week
In November 2023, we held Matterport Wellness Week. A time for Matterpeeps to focus on
their physical, mental, and financial well-being, the week served as an opportunity to learn,connect and practice healthy habits. Some of our Wellness Week initiatives included:
A financial wellness seminar hosted by an
external partner who shared tips on building astrong financial future.

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A virtual and in-person Pilates class hosted by an
external partner to learn how movement can help
reduce stress and increase cardiovascular andmuscular strength.

Overview of Benefits* May vary by country.
† May vary by region.

HealthComprehensive health plans*Matterport contributes 100% toemployee premiums and 90% offamily premiums in the U.S. In othercountries, we contribute a significant
amount to employee premiums.

Wellness stipends
Special funds available to employees
to use towards wellness programs of
their choice.

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

Life, family & flexibility
Flexible time off
We encourage our exempt teammembers to take time when and how
they need it and offer a generous
paid time off policy for non-exempt
employees. Our employees in the
EMEA region are covered under our
flexible time off policy and also
receive 20 days of annual leave.

Summer Fridays
Parental leave†
6 global company wide summer
In the U.S., birthing parents are offered
Fridays off, from the last week of July up to 14 weeks paid parental leave.
through the first week of September.
In the U.K., birthing parents are offered
up to 1 year of parental leave.
Non-birthing parents (surrogacy,
adoption and foster parents) are
offered up to 8 weeks paid leave.

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

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

Other
Matching gifts
Up to $400 in charitable match
contributions for qualified employee
donations to a qualifying charityof their choice.

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

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SOCIAL

Performance Management and Compensation
We provide structured review cycles for employees. Every
year, we run quarterly performance check-ins to ensure
employees receive actionable peer and upward feedback
from their managers.
We are committed to delivering a competitive, equitable,
fair, and transparent comprehensive compensation
program that supports and motivates our employees,
drives success, and creates value for shareholders. We
provide competitive compensation to attract and retain
talented employees, including offering market-competitive
salaries, bonuses (for exempt employees) or salescommissions, as well as offering equity to exempt full-time
employees at the time of hire, and periodically review ourcompensation program and make needed adjustments
to align with our priorities and market best practices.
For information on our 2023 Director and Executive
compensation, please refer to our annual Proxy Statement.

Employee Engagement
We firmly believe that employee engagement is an integral
component of our success. Our Matterpeeps keep ourculture strong and help move our business forward.
We value their input and proactively seek feedback andguidance from them in a variety of ways, including surveys,
company-wide discussions, weekly in-person BBQs at our
Sunnyvale office, and monthly Town Hall meetings.

We also encourage suggestions for improvement,
foster frequent engagement between leaders andemployees and continue to invest in tools to maximize
collaboration and productivity.

In 2023, Matterport Meet-Ups and in-person gatherings were held in 11 global
regions. During Q4, we averaged approximately 50 Meet-Up participants globally.

To facilitate employee connections and promote teambuilding, we created Matterport Stories. Available on our
website and shared internally, these stories highlightindividual Matterpeeps, the role they play within thecompany, their accomplishments and more — allowing
those who may not work together the ability to get to know
one another. We also host a variety of virtual and in-person
events throughout the year.

Matterport Meet-Ups
As a remote-first company, we understand the importanceof community and continuously seek out new ways for
employees to gather, collaborate, and bond with eachother. This includes in-person gatherings at office locations
and in cities where we have critical mass.
In 2023, to foster a sense of community and belonging
and strengthen cross-functional collaboration andproductivity, we established Matterport Meet-Ups. Insteadof participating in monthly meetings and events fromtheir own individual remote locations, Matterpeeps havethe option to gather in locations where we have multiple
employees, providing the opportunity to interact in personwith others who they may not work with on a regular basis.

“While many Matterport Meet-Up participants work in different parts of thecompany, they gel as a broader team based on geography and a passion forwhat we do as a company.”

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SOCIAL

Measuring Engagement

Communicating with Matterpeeps

To listen to and learn from our Matterpeeps and gather
employee observations, attitudes, and opinions, weregularly gather feedback and input. One way we do this isthrough our annual employee engagement survey, alongwith bi-weekly pulse surveys, and regular check-ins for
new hires. We use the results to improve our culture andworkplace, and encourage managers to review, discuss,and take action on survey findings with their teams.

In addition to our surveys, we work to provide clarity,community and transparency by holding monthly All
Hands and Town Hall meetings. These meetings provide
Matterpeeps with the opportunity to come together
virtually and in-person to learn about business andregional updates and discussions, recognize new hires andpromotions, ask questions, and interact with Matterport
leadership. Often, suggestions are acted upon in real time.

2023 Survey Results
Annual Employee Survey
85% of invited employees participated
68% overall favorable engagement score
81% indicated they were proud to work for Matterport
2023 New Hire Data30-day check-in: 90% favorable for overall satisfaction
60-day check-in: 93% favorable for overall satisfaction
90-day check in: 97% favorable for overall satisfaction

To further efforts to keep Matterpeeps connected, we
provide a variety of communication channels that help
build a sense of community and belonging. Through ourMatterport intranet, Slack, virtual events and celebrations,and in-person service activities, Matterpeeps can accesscompany news, updates and policies, participate indiscussions, and share information, while building culture
across the organization.

Social Impact
Simply put, our social impact programs exist to improve
the lives of people. We recognize the power of technology
and data to change the world and together with ournonprofit partners, we build innovative solutions to tackle
some of society’s biggest challenges.

“Being able to serve my local community directly was so fulfilling. It had me
hooked. Beyond serving my community, it was also an awesome experience todo this alongside other Matterpeeps from my area!”- Matterpeep on social impact opportunities at Matterport

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TARGET

Increase equitable access to cultural spaces by
capturing 5,000 spaces by 2030.
Exploration to Equity
Our Exploration to Equity philanthropic program opens
virtual doors to museums, historic sites, monuments, andplaces of social significance, bringing them to life for those
who may not get to see them in person, and at the sametime, democratizing access to physical spaces.
The program supports nonprofit organizations in using
the Matterport digital twin platform to increase accessfor underrepresented groups. As part of the program, we
donate our technology, services, and support to select,qualifying U.S. nonprofit organizations and educational
institutions, allowing them to capture and provide accessto their Matterport 3D spaces. The program prioritizes
projects that support marginalized, disenfranchised,and vulnerable populations and focuses on capturinghistorically and socially significant spaces.

“Equitable access tospaces, especiallyfor underserved andunderrepresented
groups, can help increase
community inclusion and resilience. Byleveraging our people, products, andservices, we strengthen and empower
communities.”-Qadira Harris, Vice President, Global Responsibility

We also offer our Matterport digital twin platform todisaster response organizations and their partners so theycan quickly assess the damage and start the process of
rebuilding impacted communities.
To see how organizations are using Matterport to share
their spaces, visit the Social Impact section of our website.

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SOCIAL

2023 Matterport Cares Week
Virtual Volunteer Projects

In-person Volunteer Projects
70
178.5
4
10

13

participants

32.5

volunteer hours

participants
volunteer hours

countries
organizations in 10 cities

Locations / Organizations
San Jose, CA • Spartan Food Pantry (San Jose State University)

Lawrence, Kansas • Just Food

San Francisco, CA • Golden Gate National Park Conservancy

Austin, Texas • Central Texas Food Bank

Seattle, WA • The White Center Food Bank

London, England • Wrap Up London

Chicago, IL • Chicago Canine Rescue

Singapore • FRESH

Fort Lauderdale, FL • The Pantry of Broward

Tokyo, Japan • Flatheart

Virtual/Remote • Suit Up

Matterport Cares

Matterport Cares Week

We are committed to supporting causes our Matterpeeps
care about most. Through Matterport Cares, we offer
matching company contributions up to $400 for qualified
employee donations to a qualifying charity of their choice,and $10 for every employee volunteer hour (up to $400)
for every employee who volunteers with a qualifying
501(c)(3) nonprofit.

In November 2023, we launched our second companywide
Matterport Cares Week, a week-long initiative dedicatedto giving back to our local communities. Matterpeeps
across the globe took the opportunity to make a positive
impact at local and global levels through a combinationof individual, team, and company-sponsored events held
online and in their communities.

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SOCIAL

Team Service Projects
When our Matterport teams and workgroups get together
for offsite events or team meetings, they often participate
in a volunteer event as a way to give back to communities.
Our off-the-shelf, turnkey, Matterport Cares team toolkit
provides them with information on how to plan, implement,
and execute a service project.
In 2023, our offsite teams participated in a variety ofcommunity service projects, including the following:• Operation Gratitude: A team of Matterpeeps
packed care kits for overseas military service
members and wrote letters to military service
members and first responders.
• Turning Wheels for Kids: Matterpeeps attending
our Product, Design and Engineering conference
put their skills to the test by building safe new bikes
to be distributed through a number of partnerships
focused on preventing childhood obesity andsupporting low-income families.

2023 Matterport Cares Results$75,401 in total donations$29,567 donated by Matterpeeps$45,834 in Matterport company matching contributions
231 volunteer hours
172 causes supported, including the following categories
and representative organizations:• International aid and disaster relief(International Rescue Committee, Red Cross)• Health and medical research(The Leukemia and Lymphoma Society, Lupus
Foundation)• Education(K-12 schools and Universities)• Arts, Culture and Humanities(San Jose Chamber Music Society,
Lincoln Performing Arts)• Environmental preservation(Golden Gate National Parks Conservancy, ASPCA,
Washington Trails Association)
In 2024, we plan to add a new component to our
Matterport Cares program. Called Capture for a Cause,
Matterpeeps will be able to volunteer to create aMatterport digital twin of their favorite charity.

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SOCIAL

As of December 31, 2023, Matterport Discover
was home to more than 650,000 public spaces.
Matterport Academy
We created Matterport Academy to empower
customers and enable them to use our platform to
its fullest potential. Containing a collection of guides,
tutorials and other information, Matterport Academy has
an array of step-by-step, instructional videos to help users
leverage everything the Matterport platform has to offer.
Designed to educate users of all abilities, the tutorials arefree of charge. Visit Matterport Academy on our website
for additional information. In 2023, we added “Getting
Started w/Pro3 for Marketing your Properties.” This “howto” video provides information on scanning indoor andoutdoor spaces for promotional purposes.

2023 Matterport Academy Highlights• 497,321 users (increase of 73% from 2022)
viewing 54 tutorials• 583,489 total views (increase of 67% from 2022)• 1.9 million impressions

We published our first voluntary accessibility report for
our Matterport Discover website in October 2022.
We also provide resources for users on creating
ADA compliant 3D tours.
In 2023, Matterport was featured in a Forbes article,
highlighting how brands are proactively thinking about how
to become more inclusive and address the requirements of
those with different accessibility needs.

Matterport Discover
We believe that when people work together, we canachieve even more. Launched in 2022, Matterport Discoveris a community-driven, content-sharing portal where users
can upload their captured spaces for anyone to visit.
Every month, our more than 61,000-strong communityof customers and users share thousands of digital twins
to our library, providing virtual access to museums, artgalleries, caves, real estate properties, historical sites, andmore to anyone visiting the website.

Accessibility
We believe our goal of digitizing the built world can only beachieved when our products, services, and 3D digital twin
platform are accessible to everyone. We are continuallyworking with accessibility experts and tools, improving
the user experience for everyone, and applying relevant
standards such as WCAG 2.1 AA Standards and Revised
Section 508 Standards.

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GOVERNANCEJLL Chicago
AON Center

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Governance andAccountability

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GOVERNANCE

Governance and Accountability

Our Board of Directors

We believe strong governance is the foundation of a strong business.
At Matterport, we believe strong governance is thefoundation of a strong business and fundamental tobuilding long-term value for our shareholders, employees,
customers, and other stakeholders. Our efforts are guided
by our culture of honesty, integrity, transparency andaccountability, and our resulting policies, practices andprocesses, are continually adapted to ensure compliancewith applicable laws.

Board of Directors
Our Matterport Board of Directors sets high standards
for our Directors, officers and employees. Made up of
experienced leaders, our diverse Board consists entirelyof independent Directors and Matterport’s CEO. Directors
are periodically evaluated to ensure they meet theCompany’s evolving oversight needs. Annually, theNominating and Corporate Governance Committee
assesses the Directors to be nominated for election bystockholders at our annual meeting.
Matterport is committed to strong governance practices
that protect and promote the long-term value of thecompany. Through its three standing committees, theBoard regularly reviews all governance practices to ensure
they reflect the evolving governance landscape andappropriately support and serve the best interests of theCompany and its stakeholders. All Board committees are
100 percent independent.

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Our Board and its committees are guided
by the following:• Corporate Governance Guidelines• Code of Business Conduct• Committee Charters
The Board acts as advisor to the CEO and senior
management, and guides the company’s direction,
strategy, and risk management, while fostering aculture of integrity and risk awareness. This includes
overseeing our strategic and business planning
processes, our risk management function, and our
ESG strategies, goals, and results.

ESG Oversight
While our full Board oversees our integrated ESG approach,the Nominating and Corporate Governance Committee
oversees our ESG strategy and initiatives, including all
ESG policies, goals, and publicly released data. The Boardand its committees also focus on managing any climaterelated risks and opportunities facing the company.

ESG is embedded throughout our business.
Representatives from our internal management-based
ESG subcommittee are responsible for stakeholder input
and alignment and the development of our sustainability
targets. Members of the ESG subcommittee meet 3-4
times a year to review progress and drive growth andengagement throughout the organization.
The ESG subcommittee also reports regularly to the
Matterport Board and presents to the Nominating andCorporate Governance Committee to ensure alignment andintegration of ESG measures into the company’s broader
business strategy. In 2023, led by the Vice President,
Global Responsibility, the ESG subcommittee approved
the first of Matterport’s ESG targets. Moving forward, thesubcommittee will provide the Board with regular updates
on progress against our ESG targets.

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

Jason Krikorian
Director

Susan Repo
Director

In 2023, the Matterport Board of Directors
held 9 Board meetings with all Directors
in attendance at each meeting.

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GOVERNANCE

Risk Management
Sound and effective risk management practices arefundamental to our long-term success. We maintain aconsistent and integrated approach that is designed to
identify, mitigate, and manage financial, operational, andstrategic risks across our organization, including risks
arising from ESG and climate matters.

Board Commitees and Responsibilties

Audit• Overseeing compliance, ethics, and internal controls processes• Reviewing information technology and cybersecurity programs, including disasterrecovery and business continuity plans

Risk Governance
Our Board continually discusses and considers key risks
associated with our business activities and strategic plan,
our capital structure and ESG, and climate matters. With
support from its three committees, our Board maintains
responsibility for Matterport’s risk management oversight.
Risk assessment is built into our information technology
processes and procedures with day-to-day risk handled
by our Security organization. Our monitored risk register
enables us to respond swiftly to immediate threats andour annual risk assessment identifies issues that require astrategic response. More information on how we manage
risk can be found in our annual Proxy Statement andAnnual Report on Form 10-K.

• Monitoring and overseeing the overall risk management and assessment framework andpolicies and financial reporting and processes• Overseeing the independent audit program• Protecting shareholder interests

Compensation• Reviews company risk associated with executive compensation plans• Making recommendations regarding non-employee Director compensation to the Company’s full Board• Oversees relationship between risk management policies and practices, corporate
strategy, and compensation arrangements• Reviews and approves overall compensation and human capital management policy

Nominating& Corporate
Governance• Assists in overseeing risks associated with corporate governance, including
Board organization, membership, and structure• Develops and makes recommendations regarding corporate governance guidelines• Oversees corporate governance policies and the evaluation and performanceof the Board and individual directors• Oversees ESG strategy and initiatives• Contribute to succession planning

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GOVERNANCE

Business Continuity and Resilience
Our Audit Committee is responsible for reviewing our
information technology security program and controls
around cybersecurity, including our business continuity
and disaster recovery plans.
Through our Infrastructure team, we maintain dynamic andeffective business continuity management and IT disasterrecovery programs, actively tracking service disruptions
and outages, and working to 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
cloud environment and digital twin platform.
Our robust disaster recovery and business continuity
plan includes regular reviewing and planning for global
economic and geopolitical business conditions andchallenges, executing incident response activities, andadapting our strategy as necessary to support businessresilience.

In 2023, we once again exceeded
our advertised client service levelagreement (SLA) for downtime,achieving 99.99 against our 99.5
contractual customer commitment.
Information on how we prepare for and respond to climaterelated risks can be found in the Environmental section ofthis report.

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TARGET

Maintain 100% of active employees trained on the
Global Code of Ethics.
Ethics and Compliance
We are committed to a culture of integrity, transparency,
and accountability that empowers, upholds, and protects
ethical decision making across our organization. Ethicalbehavior is deeply embedded into our business, and we
promote transparent and inclusive policies internally, as
well as with our partners and suppliers.

for all employees, and new employees are expected tocomplete the training within 30 days of hire. Our Code of
Conduct and other policies are available on our website
and posted to our Matterport intranet site.

100% of Matterpeeps completed
annual compliance training in 2023.

Global Code of Conduct and Ethics

Ethics and Compliance Hotline

Everyone at Matterport, including our Board, officers,
employees, suppliers, and other stakeholders are held tothe high ethical standards outlined in our comprehensive
Global Code of Conduct and Ethics (the Code). The Codeestablishes our principles for ethical behavior and guides
our expectations for business decisions and interactions,covering a wide range of information, including
discrimination, bribery and corruption, slavery and humantrafficking, and conflicts of interest. The Code is reviewed
annually by our Board of Directors. Our Chief Compliance
Officer has primary responsibility for implementing theCode, monitoring its use and auditing internal control
systems and procedures to ensure they are effective.

We promote a speak-up culture and encourage employees,
contractors, customers, and other stakeholders to reportany ethical or legal violations or concerns without fearof retaliation. We provide multiple channels for reporting
including our 24/7 Matterport Ethics and Compliance
Hotline. Available in multiple languages and hosted byan independent third party, the Hotline is accessible via
website, email, phone and fax, and provides a way toanonymously raise questions and concerns regarding
violations of policies or standards. Concerns raised via
the Hotline are forwarded to our legal department forinvestigation.

Ethics and Compliance Training and Education
Our in-depth ethics and compliance training covers ourCode of Conduct, whistleblower program, and anti-bribery
and anti-corruption policies. Annual training is required

Anti-corruption, Anti-bribery and Anti-money
Laundering Policy
Our commitment to human rights begins with our longstanding belief that everyone has the right to be treatedfairly, with decency, dignity, and respect. We conductbusiness in ways that promote, protect, and advancehuman rights — and embed respect for human rights
within our own operations and across our supply chain.
As a part of our commitment to the highest level ofprofessional and ethical standards, Matterport operates azero-tolerance policy, strictly prohibiting bribery, corruption,and money laundering in all of its business activities and inall business activities of individuals and entities acting on
Matterport’s behalf. Our policy requires compliance withall applicable anti-bribery laws, including the U.S. Foreign
Corrupt Practices Act, the U.K. Bribery Act, and any otheranti-corruption laws applicable in the U.S., U.K. or where
we operate.
We expect all employees, customers, suppliers, and otherthird parties who work with us, to hold themselves to thesestandards and practice the policy so they comply with antibribery and anti-corruption laws and regulations.

Human Rights
Respect for human rights is deeply ingrained in our culture.
Our commitment is grounded by our belief that everyone
has the right to be treated fairly, with dignity and respect.
Guided by our Global Code of Conduct and Ethics, weare committed to conducting business in a manner that
respects human rights and to preventing modern slavery
and human trafficking in our business and supply chain.
We condemn human rights abuses, do not use forced or
involuntary labor, and expect the same from our business
partners and suppliers. We actively collaborate withhuman rights organizations to ensure our practices meetthe highest standards and participate in initiatives that
promote human rights across the globe.

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GOVERNANCE

Digital Responsibility

Data Privacy, Data Security and Cybersecurity

For more than a decade, our Matterport platform has
set the standard for digitizing, accessing, and managing
buildings and spaces online through the use of proprietary
artificial intelligence (AI) insights that enhance customer
experiences, improve operational efficiency, lower costs
associated with promoting and operating buildings andaccelerate business growth. As we work to combine
Matterport’s stable of deep learning and computer vision
innovations including Cortex AI and Property Intelligencewith generative AI to deliver a new generation of digital
twins, we understand the importance of ensuring wedevelop and apply these cutting-edge technologies in an
ethical and responsible way.

As the data and cybersecurity landscape continues to
evolve, we understand the importance of safeguarding
information, assets, and systems. We are deeplycommitted to protecting the personal data of ouremployees, customers, shareholders and otherstakeholders, and to ensuring the safety and security ofour products, digital twin platform, networks, and data we
provide to customers. These are key business priorities
and critical to maintaining trust.

In 2023, we established a formal internal policy governing
the use of AI. This policy, along with our privacy andsecurity processes, can help ensure that our use of AI isreliable and effective and aligns with our Global Code of
Conduct and Ethics to help ensure its responsible use by
employees, contractors, vendors, and other stakeholders.
The global landscape of AI legislation and regulation is
rapidly evolving as governments and regulatory bodies
seek to balance innovation with ethical considerations,privacy, security, and accountability. We are continuallyenhancing our AI planning, policies, and processes toproactively comply with these changes and mitigate risks
associated with AI deployment.

Privacy, Security and Cybersecurity Governance
Our Board of Directors, in coordination with the Audit
Committee, oversees our risk management process,including our information technology security programand controls. The Board and the Audit Committee
receive regular presentations and reports from ourChief Information Officer and members of our Security
organization who work to keep company and personal
information and systems safe from unauthorizedalteration, disclosure, destruction, and intrusion.
These presentations include information on privacy, data
security and cybersecurity risks, and address a wide
range of topics including recent developments, evolving
standards, vulnerability assessments, third-party andindependent reviews, the threat environment, technologicaltrends, and information security considerations.

In 2023, our efforts were focused on internal operational efficiencies
and enhancing our policies, processes, platform and networks to further
mitigate risk, ensure a continued robust security posture, and comply withnew rules and regulations.

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Our Security Steering Committee, made up of our Chief
Technology Officer, Chief Information Officer, and membersof our Security organization, meet regularly to review
security risks and discuss upcoming priorities.

Privacy and Data Security
Our data privacy program is designed to secure andprotect the data entrusted to us by our customers andother stakeholders and ensure that their right to privacy isrespected by collecting, accessing, storing, and processing
data in an acceptable and compliant manner.
We work to maintain appropriate physical, electronic,
and managerial procedures to safeguard and secure thepersonal information we process. We follow generally
accepted industry standards to protect the personal
information submitted to us, both during transmission andonce we receive it, and periodically review our informationcollection, storage and processing practices, including
physical security measures, to guard against unauthorizedaccess to systems.

Privacy Policy
In the ordinary course of business, we collect, use,
store, transfer, share, or process a variety of personal
information. Matterport’s formal, documented, andgoverned data privacy program is designed to secure andprotect the data entrusted to us by our customers andother stakeholders and ensure their right to privacy isrespected. It is designed to respond to today’s applicableprivacy rules and regulations, taking into account manyof the existing global and U.S. state data protection laws
and regulations.

Our Privacy Policy aligns with regulations in thejurisdictions where we do business and outlines our
privacy practices and how personal information andother data are collected, accessed, stored, shared, andprocessed. We also abide by widely accepted security
standards and practices to guide our decisions aroundsecuring personal information.
While we work to ensure we abide by privacy laws in
the countries and states where we do business, manyof these requirements are rapidly evolving. A lack ofconsistency and harmonization among countries, as wellas potential conflicts among rules can be challenging. We
closely monitor the legal and regulatory landscape, anddiligently address privacy-related policies and programs as
appropriate.
For additional information on our privacy program, please
visit the Matterport Trust Center on our website.

Our Commitments
Privacy Governance
Third-party ComplianceLawful, Compliant Data
Collection and Use
Transparency

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GOVERNANCE

Privacy Training
Our Matterpeeps are our first line of defense and play animportant role in identifying and raising privacy issues.
Dedicated, comprehensive, and audited information
privacy training is mandatory, and is reviewed and updated
annually, or as needed to include relevant threats andtopics. Additional training is offered, based on role. Our
Code of Conduct policies for Matterpeeps, suppliers,sub-processors, and other third parties that may handle
personal data include provisions for compliance with our
privacy requirements.

Cybersecurity Program
Cybersecurity is an integral part of our overall risk
management program. We take a multi-layered, formalized
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.
The overall cybersecurity program is modeled on the NIST
Cybersecurity Framework and customized to meet our
specific needs.

Zero Trust Posture
Our cybersecurity policies, standards, processes, andpractices are fully integrated into our risk management andincident response program and are based on recognizedframeworks established by the National Institute ofStandards and Technology (NIST), the American Instituteof Certified Public Accountants (AICPA), the International
Organization for Standardization (ISO), and otherapplicable industry standards.
We operate toward a zero-trust model that requires
continuous verification throughout our operations, andour infrastructure is designed to address single points offailure in both hardware and software.

Cybersecurity Frameworks and Certifications
We invest in enterprise-grade certification of our practices, showcasing our transparency andour commitment to the highest levels of service.

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

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SOC 2 Type II Attestation

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

Our cybersecurity program is based on thefollowing key principles:
Collaborative Approach
Our cybersecurity program leverages a defense-in-depth
strategy to proactively identify and remediate threats. We
implement a comprehensive, cross-functional approach
to identifying, preventing, and mitigating cybersecurity
threats and incidents, while also implementing controls
and procedures that provide for the prompt escalation ofcertain cybersecurity incidents so that decisions regarding
the public disclosure and reporting of such incidents canbe made by management in a timely manner.

Physical, Administrative and Technical Safeguards
We deploy appropriate safeguards that are designed
to protect our information systems from cybersecurity
threats, including endpoint security, intrusion prevention
and detection systems, anti-malware functionality, andaccess controls which are evaluated and improved
through vulnerability assessments, penetration tests, andcybersecurity threat intelligence.

Third-Party Risk Management
We maintain a comprehensive, risk-based approach toidentifying and overseeing cybersecurity risks presented
by third parties, including suppliers, service providers, andother external users of our systems, as well as other thirdparty systems. Please see the Supplier Monitoring sectionof this report for additional information.

Education and AwarenessAll employees must complete mandatory, annual,comprehensive security awareness training. Our Security
organization updates the training to address emerging
threats and trends. We also conduct monthly phishing andother social engineering simulations to test our defenses
and offer focused phishing training for those who may
require additional education.
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 most frequently asked questions and othersecurity-related documentation.

Incident Response and Recovery Planning

Cybersecurity Assessment and TestingWe establish and maintain comprehensive response andrecovery policies and procedures that fully address our
response to cybersecurity incidents. Plans are tested
and evaluated on a regular basis. We build resilience into
our business model and roadmap, and we 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 perform periodic assessment and testing of ourpolicies, standards, processes and practices that aredesigned to address cybersecurity threats and incidents.
These efforts include a wide range of activities, includinginternal validation and external audits, risk assessments,
penetration, and vulnerability testing and other exercises
focused on evaluating the effectiveness of ourcybersecurity measures and planning.

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Our annual tabletop exercises provide us with an opportunity totest our cybersecurity threat preparedness efforts and identify
ways to improve our security posture. In 2023, Matterport did
not experience any material cybersecurity incidents.
We also regularly engage third parties to perform security
penetration tests to scrutinize our enterprise environment
and platform for anything that may need review, mitigation
and remediation, and to perform assessments on our
cybersecurity measures, including SOC2 reporting, SOX IT
audits and independent reviews of our information security
control environment and operating effectiveness. These
results are reported to the Security Steering Committee
and the Audit Committee.

Responsible Sourcing
We expect our global network of suppliers to share ourunwavering commitment to ethical, professional, legal, and
ESG standards. Through our policies and procedures, we
engage with our suppliers to promote ethical standards,
safeguard human rights and mitigate ESG-related risks
across our supply chain.

Supplier Code of Conduct
At Matterport, we strive to foster relationships with our
suppliers and customers so we may build a more diverse,
dynamic, and better working world together. To accomplish
this, we set high standards and hold ourselves and those
we work with accountable to these standards. Our Global
Code of Compliance and Ethics and our Supplier Code ofmatterport.com/esg

Conduct, outline the principles, guidelines, andstandards we expect our suppliers to adhere to, including
compliance with the law, respect for human rights, ethicalbusiness conduct, data security, and confidentiality,
protecting the environment, and conducting businessin a responsible way.
Failure to comply with the Code may be grounds for
Matterport to terminate its relationship with a supplier.
For information on how we work with suppliers to reducecarbon emissions, please see the Environmental section ofthis report.

Supplier Management and Monitoring
As outlined in our Technical and Organizational
Security Measures (TOM), we maintain a formal vendor
management program, including vendor security reviewsfor critical vendors, to ensure compliance with Matterport’s
information security policies. The process is audited
periodically to ensure compliance.
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 informationon our sub-processors, please visit our website.

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Appendix

MetricCodeMatterport Disclosure1) Total energy consumed, (2) percentage grid electricity and (3)percentage renewable

TC-SI-130a.1

Total energy consumed: 1,614.0 GJ
Percentage grid energy: 76.1%
Percentage renewable: 75.1%
Refer to our ‘Energy, Waste and Water Management’ section of our 2023 ESG Report(1) Total water withdrawn, (2) total water consumed; percentage ofeach in regions with High or Extremely High Baseline Water Stress

TC-SI-130a.2

Total water withdrawn: 1,780.6 m3
Total water consumed: 1,140.6 m3% in high water stress region: 0%
Refer to our ‘Energy, Waste and Water Management’ section of our 2023 ESG Report

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

TC-SI-130a.3

Matterport uses AWS for infrastructure hosting. Annual Report on Form 10-K

Description of policies and practices relating to behavioral advertisingand 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 and addressing data security
risks, including use of third-party cybersecurity standards

TC-SI-230a.2

Matterport’s information security program is based on standards such as NIST and OWASP.
Risks are continuously assessed through self-assessment and 3rd party audits. Matterport Cloudachieved SOC2 Type 2 attestation and is audited by AICPA certified auditors on an annual basis.

Percentage of employees that require a work visa

TC-SI-330a.1

2.23%

Employee engagement as a percentage

TC-SI-330a.2

Refer to Measuring Engagement section of our 2023 ESG Report

Percentage of (1) gender and (2) diversity group representation for (a)executive management, (b) non-executive management, (c) technicalemployees, and (d) all other employees

TC-SI-330a.3

Refer to Workforce Data section of our 2023 ESG Report

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

TC-SI-550a.1

Matterport had 1 performance issue in 2023 but no actual downtime

Description of business continuity risks related to disruptions ofoperations

TC-SI-550a.2

Matterport maintains a Business Continuity Plan that is maintained and updated annually
to recover and continue business from serious disruption in activities due to no-availabilityof Matterport’s facilities, technology facilities and platforms.

(1) Number of licenses or subscriptions,(2) percentage cloud-based

TC-SI-000.A

0 licenses for AWS(1) Data processing capacity, (2) percentage outsourced

TC-SI-000.B

AWS does not disclose capacity(1) Amount of data storage, (2) percentage outsourced

TC-SI-000.C

15.8 PB, 100% in AWS S3

About This Report

This ESG Report includes select, relevant disclosuresand metrics prepared with reference to and informed by
the Sustainability Accounting Standards 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 thisreport is company wide for the fiscal year end, December
31, 2023, and all financial information is presented in U.S.
dollars unless otherwise noted.
Sustainability Accounting Standards Board
This index reflects our alignment with selected metricsof the Software & IT Services industry standards from the
SASB framework. We have conducted a rigorous internal
review of the report content, including subject matter
reviews and validation. This report has not been externallyassured. For more corporate governance and sustainability
activities and disclosures, please visit:• Annual Report on Form 10-K
• Proxy Statement• Matterport Investor Relations• Matterport Environmental, Social, Governance (ESG)• Matterport Diversity, Equity and Inclusion• Matterport Social Impact

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SDG

Description

Our 2023 Impact

ESG Report Section

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

In 2023, we encouraged our employees through our wellness programs
and actively supported them in their physical and mental health journeys.

Health, Benefits and Wellness
Matterport Wellness Week

Our Wellness Week facilitated resources and programming for physical,
mental and financial wellness.

Advancing the United Nations Sustainable
Development Goals (SDGs)
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 business strategy
and products, and where we believe we can have thegreatest impact.

Forward Looking Statement
The information and opinions contained in this report are provided as of thedate of this report and are subject to change without notice. Matterport does notundertake to update or revise any such statements. This report includes forwardlooking statements within the meaning of the Private Securities Litigation ReformAct of 1995. All statements other than statements of historical or current facts,
including statements regarding our plans, targets, initiatives, projections, goals,
commitments, expectations, or prospects, are forward-looking. We use words suchas aim, believe, commit, drive, estimate, ensure, expect, goal, intend, may, mission,plan, project, seek, strategy, strive, target, and will or 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 or technological 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, as well as the factors set forth in the “Risk Factors” section of
Matterport’s most recent Annual Report on Form 10-K and subsequent filings. The
standards of measurement and performance contained in the report are developing
and based on assumptions, and no assurance can be given that any plan, initiative,
projection, goal, commitment, expectation, or prospect set forth in this report can orwill be achieved.

Ensure inclusive and equitable quality
education and promote lifelong
learning opportunities for all

In 2023, our Exploration to Equity philanthropic program opened virtual
doors to museums, historic sites, monuments and places of social
significance, bringing them to life for people who may not get to seethem in person, and at the same time, democratizing access to physicalspaces.

Exploration to Equity

Achieve gender equality andempower all women and girls

We continue to build Matterport’s next generation of women leaders
and break down barriers in tech through our EMERGE program andthrough our ERGs.

EMERGE

Ensure access to affordable, reliable,
sustainable and modern energy for all

Matterport invests in improving the energy efficiency of our facilities anddriving sustainable solutions for our customers. 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.

Environment
Product Quality and Safety

Build resilient infrastructure,promote inclusive and sustainableindustrialization and foster innovation

We continue to commit to promoting inclusive and sustainableindustrialization and foster innovation by “Capturing the World.”

About Matterport

Reduce inequality within andamong countries

Our technology reduces inequality around the world by radicallytransforming the accessibility of physical spaces.

Employee Resource Groups

We partner with the real estate and construction industries to enhance
productivity, foster innovation and create a better infrastructure for ourbusiness and the communities we serve.
Accessibility
Matterport DiscoverBy turning millions of physical spaces into 3D digital twins, we alleviateinequalities that would otherwise prohibit people from physicallyaccessing these spaces.
We work with accessibility experts and tools to improve the accessibilityof our digital twins.
Make cities and human settlements
inclusive, safe, resilient andsustainable

In 2023, we continued to enhance the sustainability of our products byfavoring suppliers who reduce negative impacts on the environment.

Ensure sustainable consumption andproduction patterns

We continue to enhance the sustainability of our products by favoring
suppliers who reduce negative impacts on the environment

We regularly assess our full value chain to ensure that we repurpose andrecycle products at their end-of-life stage.

We regularly assess our full value chain to ensure that we repurpose andrecycle products at their end-of-life stage
Take urgent action to combat climatechange 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.

ESG Strategy
Supplier Environmental
Compliance
Empowering Sustainability
Product Footprint
Supply Chain
Product Quality and Safety

Avoided Emissions
ESG Strategy

In 2023, we tracked the impact of our products by estimating theemissions that would have occurred if our services had not existed.

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