EXL earns gold medal rating for sustainability efforts by EcoVadis

NEW YORK, Feb. 16, 2023 - EXL [NASDAQ: EXLS], a leading data analytics and digital operations and solutions company, announced that it has been awarded a gold medal sustainability rating from EcoVadis, the leading assessment platform for environmental, social, and ethical performance ratings for global businesses. The rating put EXL among the top 4% of all companies assessed by EcoVadis.

The EcoVadis Gold Medal ranking is based on company performance in four key areas: Environment, Ethics, Labor & Human Rights, and Sustainable Procurement.

"This ranking highlights our focus on sustainability, our core values, and our commitment to responsible business practices that create a better environment for our employees, clients and the communities in which we operate," said EXL Vice Chairman and CEO Rohit Kapoor.

EXL has several recent sustainability achievements, including:

• Announced goal to achieve net zero GHG emissions by 2045
• Achieved 41% company-wide gender diversity and 18% gender diversity among EXL leadership, VP and above
• Reduced Scope 1 and Scope 2 greenhouse gas emissions 56% over 2019
• Achieved 100% renewable energy-powered U.K. site and installed solar generators in certain of our India sites
• Planted 10,000 trees in 2022 in partnership with CSR India
• Expanded “Skills to Win” signature CSR initiative to focus on building coding skills across the communities in which we operate
• Recognized by Newsweek’s America’s Most Responsible Companies and Barron’s 100 Most Sustainable Companies for ESG efforts

The company recently published its third annual Sustainability Report, highlighting progress across key environmental, social, and governance performance metrics. The report was prepared in accordance with the 2016 Global Reporting Initiative  Standards: Core Option and the Sustainability Accounting Standards Board  Software and IT Services Standard (2018) and aligned to the United Nations Sustainable Development Goals.

About EXL

EXL (NASDAQ: EXLS) is a leading data analytics and digital operations and solutions company that partners with clients to improve business outcomes and unlock growth. By bringing together deep domain expertise with robust data, powerful analytics, cloud, artificial intelligence (“AI”) and machine learning (“ML”), we create agile, scalable solutions and execute complex operations for the world’s leading corporations in industries including insurance, healthcare, banking and financial services, media, and retail, among others. Focused on driving faster decision-making and transforming operating models, EXL was founded on the core values of innovation, collaboration, excellence, integrity and respect. Headquartered in New York, our team is over 43,100 strong, with more than 50 offices spanning six continents. For more information, visit www.exlservice.com.

About EcoVadis

EcoVadis is a purpose-led company whose mission is to provide the world's most trusted business sustainability ratings. Businesses of all sizes rely on EcoVadis’ expert intelligence and evidence-based ratings to monitor and improve the sustainability performance of their business and trading partners. Its actionable scorecards, benchmarks, carbon action tools, and insights guide an improvement journey for environmental, social and ethical practices across 200 industry categories and 175 countries. Industry leaders such as Johnson & Johnson, L’Oréal, Unilever, LVMH, Bridgestone, BASF and JPMorgan are among the 100,000 businesses that collaborate with EcoVadis to drive resilience, sustainable growth and positive impact worldwide. Learn more on ecovadis.com , Twitter or LinkedIn.

Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to EXL's operations and business environment, all of which are difficult to predict and many of which are beyond EXL’s control. Forward-looking statements include information concerning EXL’s possible or assumed future results of operations, including descriptions of its business strategy. These statements may include words such as “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions. These statements are based on assumptions that we have made in light of management's experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. You should understand that these statements are not guarantees of performance or results. They involve known and unknown risks, uncertainties and assumptions. Although EXL believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect EXL’s actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors, which include our ability to successfully close and integrate strategic acquisitions, our ability to respond to and manage public health crises, including the outbreak and continued effects of the COVID-19 pandemic, are discussed in more detail in EXL’s filings with the Securities and Exchange Commission, including EXL’s Annual Report on Form 10-K and EXL’s Quarterly Report on Form 10-Q. These risks could cause actual results to differ materially from those implied by forward-looking statements in this release. You should keep in mind that any forward-looking statement made herein, or elsewhere, speaks only as of the date on which it is made. New risks and uncertainties come up from time to time, and it is impossible to predict these events or how they may affect EXL. EXL has no obligation to update any forward-looking statements after the date hereof, except as required by federal securities laws.

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