Bene昀椀ts and wellness The physical, social, emotional, and 昀椀nancial needs of our employees and their families guide our global wellness program. We provide our employees with competitive compensation and bene昀椀ts that enable them to achieve a nice quality of life and plan for their future, including retirement savings plans, paid vacation days and sick leave, and other bene昀椀ts according to local regulations. All employees receive stock-based compensation through awards of Restricted Stock Units (RSUs) and are a昀昀orded additional bene昀椀ts such as the ability to participate in an Employee Stock Purchase Plan (ESPP), quarterly bonus or commission plans, subsidized health insurance plans, employee assistance programs (EAP), and virtual 昀椀tness programs. “We recognize the importance We care about our employees and their families. Enphase provides family forming bene昀椀ts of maintaining a positive and through Carrot, one of the leading global fertility care platforms. Carrot helps members constructive relationship explore alternatives to in-vitro fertilization (IVF) and assists employees around the world of with our workforce, as it is every age, race, income, sex, sexual orientation, gender and marital status. instrumental in our pursuit of sustainable growth and Engagement and satisfaction innovation.” We conduct an annual Employee Net Promoter Score (eNPS) and employee engagement survey. This survey drives our employee engagement plans and activities for the upcoming year. All employees are surveyed, and each functional or business unit prepares its own action plans for improvement for the year based on the survey results and feedback. Workforce and labor rights Enphase supports the fundamental rights enshrined in international labor standards. We believe that every individual has the right to associate freely and to engage in collective bargaining as protected by relevant laws and regulations. We are committed to complying with all applicable labor laws and standards in the countries where we operate, including the freedom to organize, negotiate, and express collective interests. We recognize the importance of maintaining a positive and constructive relationship with our workforce, as it is instrumental in our pursuit of sustainable growth and innovation. Our workforce and labor commitments include: • Paying a living wage • Respecting the right to collective bargaining • Respecting union rights • Respecting workers’ freedom of association • Abiding by speci昀椀c conventions or standards governing union rights, speci昀椀cally the Right to Organize and Collective Bargaining Convention, 1949 (No. 98). ENVIRONMENTAL, SOCIAL, AND GOVERNANCE REPORT 2023 45
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