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POWERING ESG AT BOX: SEE THE IMPACT WE’RE MAKING ON WORLD ENVIRONMENT DAY

June 6th 2023 | Corrie Conrad, VP Communities and Impact, Executive Director of
Box.org
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This week, we observe World Environment Day, a global celebration that
encourages us all to take action for the betterment of our planet. World
Environment Day is an annual event that unites individuals, organizations, and
governments to raise awareness and take action for a sustainable future. At Box,
we understand the importance of this day and its message. We embrace it
wholeheartedly, recognizing the pivotal role we play in promoting environmental
stewardship.

Embark on a journey with us to explore the progress Box has made in
Environmental, Social, and Governance (ESG) initiatives. Discover the
initiatives we’re undertaking to create a positive impact by accessing our
summary here.

We firmly believe in the significance of this day and have integrated
environmental sustainability, social responsibility, and ethical governance into
our core values. With Box, organizations can expect a partner that not only
delivers innovative and reliable products but also operates with a focus on
sustainability, inclusivity, and ethical practices. Now, let’s delve into the
highlights from the progress we’ve made in regards to ESG and see how our
commitment translates into real impact.

Protecting our planet

One of our top priorities is to efficiently and sustainably power the Content
Cloud. We’re committed to understanding our energy consumption and carbon
footprint, and we’re actively working to reduce both. This means that by putting
your content in the Content Cloud, you can make positive steps towards your own
sustainability goals.

Here are some of the exciting steps we’ve taken in this direction:

 1. Infrastructure migration to the cloud: Thanks to our partnerships with Cloud
    Service Providers, we’ve been able to migrate our infrastructure to the
    cloud, allowing us to better understand our CO2 emissions related to their
    services. This migration not only improves our product delivery and enhances
    our customer experience, but also helps us and our customers reduce
    consumption, costs, and our carbon footprints.

 2. Cloud Sustainability Program: We recently launched our internal Cloud
    Sustainability Program, collaborating closely with our Cloud Service
    Provider partners. Through this program, we track our greenhouse gas
    emissions and work towards reducing them, fostering a greener and more
    sustainable cloud environment.

 3. Sustainable offices: We’re proud to share that our global network of offices
    have achieved various certifications such as LEED Gold, LEED Silver, Fitwel
    Certified, BREEAM Certified, and the International WELL Building Institute
    Gold Standard. We've made significant progress towards achieving 100%
    renewable energy across all of our offices.

Investing in people and communities

Our commitment to diversity, equity, and inclusion (DEI): At Box, we strongly
believe that our mission is achieved more effectively when we foster belonging
and empower our employees to bring their best selves to work. Our emphasis on
DEI ensures that our customers are working with a diverse and inclusive team
that values different perspectives and experiences. This commitment fosters
innovation, creativity, and a deep understanding of our customers’ needs. It
leads to a highly motivated and engaged workforce that is dedicated to providing
exceptional service and support to our customers. We’ve implemented several
programs and initiatives to promote diversity, equity, and inclusion within our
organization.

Here are some key highlights:

 1. Board of Directors diversity: We’re proud that our commitment to diversity,
    equity, and inclusion (DEI) is reflected in the composition of our Board of
    Directors: women make up 38% of our Board of Directors, and another 38% are
    from underrepresented communities. This commitment to diversity at the
    highest level of our organization helps drive meaningful change.

 2. Boxer experience and inclusion: We value the opinions of our Boxers, and
    their feedback helps shape our inclusive culture. In 2022, we achieved an
    impressive 96% participation rate in the Boxer Experience Survey. We're
    thrilled that 94% of Boxers feel they are treated with respect, and 92%
    believe diverse voices and perspectives are encouraged on their teams.

 3. Talent sourcing and development: We actively seek top talent through diverse
    pipeline partnerships with institutions like Spelman College, Texas Southern
    University, and the University of Texas. Our commitment to pay equity is
    unwavering, and we conduct annual pay equity analyses to ensure fairness
    across gender and ethnicity.

 4. Employee Resource Communities (ERCs): We have more than 10 highly active
    Employee Resource Communities and a variety of Employee Interest Communities
    that provide a sense of belonging and support for our Boxers. These
    communities play a crucial role in fostering leadership skills and
    development through our global mentoring program.

Acting with integrity

Integrity and governance are core values at Box. Our commitment to acting with
integrity ensures that your organization is partnering with a company that
upholds high ethical standards. Box’s strong corporate governance practices,
such as our Code of Business Conduct and Ethics, speaks to the integrity and
transparency of our operations. Moreover, Box’s dedication to data governance
and security means that your content is prioritized and protected, with advanced
privacy and compliance measures in place to meet regulatory requirements. This
commitment to data protection is crucial in today’s digital-first world, where
data privacy and security are paramount. Our customers can confidently trust
that our employees and suppliers are held to high standards of integrity, and
our technology is held to high standards of governance.

Here’s how we ensure we act with integrity:

 1. Clear expectations: We set clear expectations for Boxers, customers, and
    partners through our Code of Business Conduct and Ethics. All Boxers
    annually review and commit to upholding these guidelines. Our Supplier Code
    of Conduct also outlines our principles for engaging with suppliers and
    service providers to ensure our suppliers and service providers to conduct
    business ethically, comply with with applicable legal requirements, and act
    in a socially responsible manner.

 2. Culture of integrity: At Box, we have a culture that values integrity and
    accountability. Our Boxers live by our core values, including going above
    and beyond to blow our customers’ minds, taking calculated risks, and always
    assuming good intent. This culture ensures that customers feel valued,
    heard, and understood, leading to enhanced collaboration, problem-solving,
    and the knowledge that the Boxer you’re working with will work hard to
    champion your needs within the organization.

 3. Data governance: Protecting our customers’ data and content is critically
    important to us. We prioritize security, compliance, data privacy, and
    reliability through our Box Trust Center. The Content Cloud enables advanced
    privacy and compliance, helping our customers meet their regulatory and
    compliance needs.

Box is committed to building a better future for everyone involved, from our
customers to our communities and beyond. By aligning your business with Box’s
ESG initiatives, you not only contribute to a better world but also gain the
peace of mind that you are working with a company that values social
responsibility and is invested in the success and well-being of its customers.

For more detailed information on our ESG initiatives, read this summary
highlighting the incredible initiatives we’re undertaking to make a positive
impact — or visit our ESG webpage. Explore the full breadth of Box’s commitment
to environmental stewardship, social responsibility, and learn more about how
partnering with the Content Cloud can further your own ESG efforts. Together, we
can create a world where sustainability and progress go hand in hand.

This World Environment Day, let’s celebrate the power of collaboration, the
spirit of change, and our shared responsibility to protect and preserve our
beautiful planet.

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