ESGOVERSIGHTANDHIGHLIGHTS ESGGovernanceStructure Ouroverallgovernanceframeworkisdesignedtodrivestrongoversight,createBoardandmanagementaccountabilityand demonstratePayPalscommitmenttotransparency,independenceanddiversity.Weseektoapplythesameapproachto theoversight,managementandimplementationoftheCompanysESGstrategy.Ourcross-functionalESGprogramis managedbyexecutiveleadersandimplementedthroughtheguidanceanddirectionprovidedbytheESGsteering committee.RepresentativesfromtheESGsteeringcommitteebriefBoardcommitteesandexecutivemanagementonESG PRO issuesonaquarterlybasisandmeetwithasubcommitteeoftheERMCommitteeatleastannuallytoreviewcurrentand XY emergingESG-relatedrisktopics. S T A mmittee & Oversight TEMENT ng Co Work Our Board of Directors is actively engaged on ESG matters eri ing that impact business strategy. Ste tive Manage Gr • Governance Committee:Oversight of PayPals management SG Execu ment oup of ESG, including overall ESG strategy, risks and opportunities, E stakeholder engagement and programs and initiatives in social innovation and environmental sustainability Governance • Audit, Risk and Compliance (ARC) Committee:Oversight of the companys risk framework and enterprise-wide compliance program, including cybersecurity and privacy matters • Compensation Committee:Oversight of the companys strategies and responsibilities related to human capital PayPal Board (global talent) management, including diversity and Compensation of Directors inclusion, pay equity efforts and corporate culture ARC Management Our executive management directs and manages the execution of our enterprise-wide ESG strategy to ensure non-financial risks and opportunities are appropriately integrated across the Oversight enterprise, including through the ERCM Program Management Implementation Imp ion An ESG steering committee and cross-functional working lementat groups with representatives from more than 20 functions are responsible for overall program implementation ESGStrategy PayPalsESGstrategysupportsourmissiontopromotefinancialwellnessandtoempowerthosewhoareunderservedby thefinancial system. We focus on managingkeynon-financialrisksandopportunitiesthatcanimpactourbusinessand stakeholdersacrossfourcoredimensions–ResponsibleBusinessPractices,SocialInnovation,Employees&Cultureand EnvironmentalSustainability.Reflectiveof our business,mission and values, and taking into account ongoing stakeholder feedback,thisintegratedapproachisdesignedtosupportandcomplemententerpriseprioritiestodriveandprotectbrand value, managerisk,demonstratecompetitivedifferentiation,positionPayPalasanemployerofchoiceandsupportfuture opportunitiesfor growthandinnovation. ESGPillars Responsible Social Employees Environmental Business Practices Innovation & Culture Sustainability Our commitment and Our work to realize our Our embodiment or our Our efforts to manage our approach to operating mission and build a more core values from the footprint and advance ethically and responsibly inclusive global economy inside out sustainability •2023ProxyStatement 39