Environmental
Policy2024

Environmental Policy 1

Our commitment toenvironmental sustainability
Egon Zehnder is committed to minimising the impact our firm has on theenvironment, and we seek to continually strengthen our environmental
approach and practices. More specifically, we are committed to identifying,measuring, and reducing the environmental footprint of our business. In
addition, we offset the environmental impact of our global operations.
We take action to manage and reduce our global greenhouse gas emissions
and our waste footprint. We expect colleagues to take into consideration
the environmental impact when making choices about how they work. Thisincludes reducing emissions from travel and operations where possible, as well
as minimising waste and increasing recycling.

Our Commitments:· 2021 marked Egon Zehnder´s first year where we offset the environmental
impact of our global operations and we have publicly committed to reducing
our Scope 1, 2 and 3 carbon emissions by 25% per FTE by 2024
· We report against the SASB Standards based on the material risks identified
for the Professional & Commercial Services industry· Other voluntary corporate reporting standards with specific attention tothe climate and the environment (including CDP, EcoVadis, GRI and B Corpassessment questionnaire) are part of our annual reporting cycle· In our measurement and tracking we implement universally recognised
frameworks such as the Greenhouse Gas Protocol and we are moving towards
setting emissions reduction targets aligned with science-based targets· We regularly communicate our environmental aims and objectives and ourprogress towards our goals to our stakeholders; from 2024 onwards, Egon
Zehnder will publish a public Impact Report in which key environmental
data is disclosed

Environmental Policy 2

Environment: What is relevant toour business?
Egon Zehnder has conducted a materiality assessment based on our Firm’s
global operations and the specific risks associated with our industry. Inline with the SASB environmental standards and other voluntary disclosure
frameworks, and taking into consideration client demands, we have identified
topics which we have prioritised as being most relevant for our firm and which
we influence directly.
*Numbers correspond to the 13 numbered paragraphs below the table.
Prioritised Environmental Areas
Energy Management(corresponds to SASB Energy
Management category)· Energy efficiency

Water and Wastewater
Management(corresponds to SASB Water &Wastewater Management category)· Water consumption andmanagement

Waste and Hazardous Materials
Management(corresponds to SASB Waste &Hazardous Materials
Management category)· Reducing waste

Travel / Transportation· Promoting sustainabletransportation· Reducing energy consumption· Adopting renewableenergy sources· Responsible chemical ande-waste management· Reducing paper usage· Reducing our businesstravel footprint
Sustainable Consumption· Sustainable consumption

Sustainable Procurement andPurchasing· Sustainable procurement andpurchasing

Promoting Sustainable
Behaviours· Educating employees· Supporting environmental
causesEnvironmental Policy 3

At Egon Zehnder, we recognise that our operations have an impact on theenvironment and we are dedicated to reducing this impact. We consciously andproactively seek improvement in the following areas:
1. Energy efficiency: We recognise that as a professional services firm,energy consumption in our offices accounts for a significant portion ofour environmental footprint. Our Firm is committed to improving energy
efficiency by moving operations to certified green office buildings if feasible
and investing in necessary refurbishments to enhance efficiency. Guidanceon the expected environmental credentials for any new offices is summarisedin our Real Estate Guide and office changes are monitored centrally.
2. Reducing energy consumption: We take steps to reduce consumption byworking with facilities and building management of our premises globallyto ensure that where practicable, energy-efficient lighting, equipment, andappliances are introduced and used. We encourage our employees to beenvironmentally conscious in their day-to-day work, turning off lights andequipment when not in use.
3. Adopting renewable energy sources: We centrally track the proportionof renewable energy consumed in our facilities and, depending on local
availability, aim to increase our reliance on fully renewable energy sources
when making decisions about our operations and office leases.
4. Water consumption and management: We encourage our offices toimplement water-saving protocols by using motion-sensor, low pressuretaps and installing dual flush/low flow toilets in our facilities. Many offices
make use of water filtration systems, eliminating the need for bottled water.
Employees are encouraged to conserve water, and internal water usage
reporting is conducted across our operations on an annual basis.
5. Reducing waste: Egon Zehnder is committed to reducing waste (sorting,recycling, using only reusable cutlery, cups, dishes, etc.). In addition,
employees are encouraged to minimise waste and dispose of it responsibly.
We encourage and incentivise employees to implement initiatives that fulfilour sustainability targets.
6. Responsible chemical and e-waste management: As detailed in ourE-Waste Management Procedure document, EZ has a formal process inplace to ensure the proper and effective disposal of e-waste generated by theFirm. IT equipment identified as non-usable to the business due to End oflife (EOL) or out of support should, if still in working condition, be donatedto charitable organisations. Any e-waste not in working condition will behanded to an authorised dismantler or recycler via the designated take-backservice provider of the producer of the equipment. Prior to handing over IT
equipment to e-waste handlers/recyclers or to Charitable organizations, any
equipment containing data storage capabilities must be securely wiped inline with Egon Zehnder’s Asset Management Policy.

Environmental Policy 4

7. Reducing paper usage: We manage agreements (with both internal andexternal stakeholders) with the help of services offered by DocuSign. By
using DocuSign since 2021, Egon Zehnder has reduced more than 19,146 kg ofCO2 emissions, 200,441 Litres of water and 8,156 kgs of wood; this equates tosaving 309,329 pages of paper (data as of January 2024).
8. Promoting sustainable transportation: Offices are encouraged to leaseelectric or hybrid cars (as opposed to diesel or petrol-powered vehicles)
where possible. We encourage employees to use public transport, carpool,or cycle to work, or opt for another environmentally friendly alternative todriving a car, where practicable.
9. Reducing our business travel footprint: Where possible, we avoid
unnecessary business travel in favour of meetings conducted via videoconference. We are developing a Firm-wide travel policy which sets out clear
guidelines for business travel, helping us identify and avoid unnecessary
travel and cut our emissions in line with our commitments.
10.Sustainable consumption and resource management: We consider
the environmental cost when purchasing office consumables such as
paper goods, IT equipment and furniture. We treat office resources andconsumables with care and with a view to resource conservation.
11. Sustainable procurement and purchasing: Our commitment to being
environmentally responsible extends to the goods and services we purchaseand to the suppliers with whom we work. Through EZ’s Supplier Code ofConduct, we incorporate sustainability into all our supplier sourcing andmanagement. We support this policy using a self-assessment questionnaire.
Preference is given to suppliers that meet robust third-party environmental
certification criteria or have identified and articulated a pathway toimproving supplier’s own environmental footprint and performance as aresponsible supplier.
12. Educating employees: We educate our employees on environmental issues
and encourage them to adopt environmentally friendly practices.
Employee documents such as the Global Code of Conduct and local officehandbooks include sections on what we expect of employees in terms ofsustainable behaviour.
13. Supporting environmental causes: We support environmental causesby donating to environmental organisations and participating inenvironmental initiatives in the local communities where our Firm operates.
The priority areas mentioned above are subject to regular reassessment andcan be expanded or modified as we reevaluate the understanding of ourenvironmental impact over time.
We consider the below environmental topics to be out of scope as we have
limited influence over them due to the nature of our operations. While we
recognise their importance and our potential influence on them through oursupply chain, they are not directly material to us as a professional services firm.

Environmental Policy 5

Deprioritised Environmental Areas
Biodiversity, land useand deforestation

As a professional services firm, topics such as
biodiversity are not directly material to ouroperations. Yet we acknowledge they may be
relevant to the operations of our suppliers
which is why we address these topics
throughout our supply chain.

Soil quality

We acknowledge the need for businesses toaddress soil quality issues and implement
measures ensuring sustainable use of soil.
However, as a professional services firm
we have no direct influence on soil health,contamination, or fertility, and therefore
consider this topic not to be material.

Animal welfare

We believe in the ethical and humane
treatment of animals and recognise the needfor high standards of animal husbandry.
However, as a professional services firm
we are not reliant on or heavily exposedto treatment of animals, and therefore
consider this topic not to be material for ouroperations and value chain.

Noise emissions

As a professional services firm operating
solely in office building environment, thelevel of directly caused noise pollution isnegligible, and therefore we consider this
topic not to be material for our operationsand value chain.

To ensure we fulfil the internal and external commitments outlined above, wehave taken the following steps:
1. We have appointed a Global Head of Sustainability to oversee oursustainability strategy, objectives, and performance, assess and manage
climate-related risks and opportunities, develop, and implement a climatetransition plan, and monitor and regularly report progress against ourtargets to our Executive Committee and Board.
2. We have established an internal Impact Team, reporting into the Global
Head of Sustainability, that is responsible for driving and reporting onperformance, advocating for environmentally responsible practices
throughout the firm, and assisting offices and functions in implementing
sustainability-related measures in their operations.
3. We have established a network of Impact Team allies who help to drive ourenvironmental agenda and initiatives locally.

Environmental Policy 6

Helping clients become better
environmental stewards
While minimising the negative impact of our business operations, wealso recognise our potential and duty to maximise our positive impact on
both the environment and society. In our client work, we are committed tohelping to identify opportunities and develop effective strategies to embedclimate conscious leadership into Boards and Executive teams and integratesustainability into their organisations.
Our continuously growing Sustainability Practice Group offers executive
search and leadership advisory services focusing on identifying, assessing, anddeveloping sustainability talent capable of tackling the various climate-related
challenges, risks, and opportunities of our clients.
As a leadership advisory consulting clients across multiple sectors, many ofwhom have made commitments to reduce their environmental footprint,
we consider our services to be in support of our clients’ transition to a lowcarbon economy. We have broadened our offering to include assessment anddevelopment services focused on sustainability transition-related skills andcompetencies at the executive and board level. Through our offerings, we help
our clients respond to existing and incoming regulation such as the Directiveon Corporate Sustainability Due Diligence (CSDDD), and the Corporate
Sustainability Reporting Directive (CSRD), among others.
Egon Zehnder is a signatory of The Search Firms Joint Declaration, as drafted byChapter Zero UK, where we have committed to raise the issues of sustainability
with our board clients and candidates and recruit for climate competent nonexecutive directors. We encourage our clients and the business community toengage in dialogue on the topic of climate action and we actively publish datadriven studies, surveys, and IP to drive awareness and propel the discussion onsustainable leadership forward. These include:· Boards: Stepping Up as Stewards of Sustainability – Stewards of
Sustainability - Egon Zehnder· Creating a Sustainable World: Are leaders doing enough? –Sustainability Survey· The Power of Procurement: Tackling the Climate Challenge –The Power of Procurement - EZ
We will regularly review our environmental policy and practices to ensurethat we are meeting our commitments, fulfilling our clients’ expectations, andmaking progress towards a more sustainable future.

Environmental Policy 7