Independent Limited Assurance Statement • Vendors with Science–Based Targets (% of vendors by spend) INDEPENDENT ASSURANCE REPORT 7. Summary of Work Performed To: The Stakeholders of PayPal 3. Reporting Criteria As part of our independent assurance, our work included: The Selected Information has been prepared in accordance with internal definitions set for • conducting interviews with PayPal personnel and PayPal’s external consultants 1. Introduction and Objectives of Work PayPal’s ESG Indicators and needs to be read and understood together with the footnotes and responsible for the Selected Information; Bureau Veritas UK Limited (Bureau Veritas) has been engaged by PayPal Holdings Inc (PayPal) commentary on the approach and methodology taken, embedded in the Report. The GHG • reviewing the data collection and consolidation processes used to compile Selected to provide limited assurance of selected Environmental, Social and Governance (ESG) emissions data has been prepared taking into consideration The GHG Protocol Corporate Information, including assessing assumptions made, and the data scope and reporting 1 Accounting Standard (revised edition). performance data for inclusion in the “2022 Global Impact Report” (‘GIR’) (the ‘Report’). The boundaries; objective is to provide assurance to PayPal and its stakeholders over the accuracy and reliability 4. Limitations and Exclusions • reviewing documentary evidence provided by PayPal; of the reported information and data. Excluded from the scope of our work is assurance of information relating to: 2. Scope of Work • agreeing a selection of the Selected Information to the corresponding source ▪ Activities outside the defined assurance period; documentation; The scope of our work was limited to assurance over the following information included within ▪ Positional statements of a descriptive or interpretative nature, or of opinion, belief, • reviewing PayPal systems for quantitative data aggregation and analysis, including st st 2 the Report for the period January 1 ,2022 to December 31 , 2022 (the ‘Selected Information’) : aspiration or commitment to undertake future actions; and where applicable the underlying activity data, conversions, and emission factors Employee & Culture: ▪ Other information included in the Report other than the Selected Information. applied; • Engagement survey - Employee Participation Rate (%) The following limitations should be noted: • assessing the disclosure and presentation of the Selected Information to ensure • Engagement survey - Employee Engagement Score consistency with assured information; • Engagement survey - Intent to Stay Score ▪ No single overall data methodology / basis of reporting document was shared by • reperforming [a selection of] aggregation calculations of the Selected Information; • Overall Workforce Diversity (%) PayPal however single KPI and/or KPI family methodologies were shared and/or • Global Gender Diversity (%) demonstrated. • reperforming greenhouse gas emissions conversions calculations; • US Ethnic Diversity (%) ▪ This limited assurance engagement relies on a risk based selected sample of • evaluating the design of internal systems, processes and controls to collect and report • Total Turnover Rate (%) sustainability data and the associated limitations that this entails. the Selected Information; • Estimated Minimum Employee Net Disposable Income, Global (%) ▪ The reliability of the reported data is dependent on the accuracy of metering and other The scope of a limited assurance engagement is substantially less than for reasonable production measurement arrangements employed at site level, not addressed as part assurance both in terms of the risk assessment procedures and in performing the procedures Social Innovation: of this assurance. to address the identified risks. • Funds raised for non-profits and personal causes (USD Billions) ▪ This independent statement should not be relied upon to detect all errors, omissions or • Number of donors who gave to non-profit and personal causes (millions) misstatements that may exist. A 5% materiality threshold was applied to this assurance. It should be noted that the procedures • Total Capital to SMBs (USD Billions) in 2022 5. Responsibilities performed in a limited assurance engagement vary in nature and timing from, and are less in • Total Capital to SMBs since 2013 (USD Billions) extent than for, a reasonable assurance engagement. Consequently, the level of assurance • Average International Remittance Costs (%) This preparation and presentation of the Selected Information in the Report are the sole obtained in a limited assurance engagement is substantially lower than the assurance that would responsibility of the management of PayPal. have been obtained had a reasonable assurance engagement been performed. Bureau Veritas was not involved in the drafting of the Report or of the Reporting Criteria. Our Responsible Business Practices: responsibilities were to: 8. Conclusion • obtain limited assurance about whether the Selected Information has been prepared On the basis of our methodology and the activities and limitations described above nothing has • Annual risk and compliance training (%) in accordance with the Reporting Criteria; come to our attention to indicate that the Selected Information (a copy of which is contained in • form an independent conclusion based on the assurance procedures performed and the table below) is not fairly stated in all material respects. Environmental Sustainability: evidence obtained; and Such opinion is based on work undertaken and the limitations and exclusions defined in this 3 statement. • Greenhouse Gas (GHG) Emissions Scope 1 (MT CO2e) • report our conclusions to the Management of PayPal. • Greenhouse Gas (GHG) Emissions Scope 2 (MT CO2e) Verified KPIs2: • Greenhouse Gas (GHG) Emissions Scope 3 (MT CO2e) Employees and Culture o Emissions from Business Travel 6. Assessment Standard Employee Survey - Employee Participation rate (%) 83 o Fuel and Energy Related Activities (FERA) not included in Scope 1 & 2 – We performed our work to a limited level of assurance in accordance with International Location and Market Standard on Assurance Engagements (ISAE) 3000 Revised, Assurance Engagements Other Employee Survey - Employee Engagement score 79 o Emissions from Employee Commuting and Remote Working than Audits or Reviews of Historical Financial Information (effective for assurance reports dated • Global Energy Use (Renewable and Non-Renewable) (000’s kWh) th Employee Survey - Intent to Stay score 78 • Renewable Energy as a % of total energy use on or after December 15 , 2015), issued by the International Auditing and Assurance Standards • Renewable Energy as a % of data centre energy use Board. Overall Workforce Diversity (%) 55.9 • Progress of reduction target in operational GHG Emissions (% since 2019) Global Gender Diversity (%) 44 US Ethnicity Diversity (%) 54 1 GIR is a downloadable PDF available via the official PayPal website 2 All metrics are global unless otherwise stated Total Turnover Rate (%) 23.8 3 Metric tonnes ______________________________ ______________________________ ______________________________ Ref: BV_17935015 v2 Page 1 of 5 Ref: BV_17935015 v2 Page 2 of 5 Ref: BV_17935015 v2 Page 3 of 5 Bureau Veritas | C2 - Internal Bureau Veritas | C2 - Internal Bureau Veritas | C2 - Internal