Xerox Publishes 2025 Corporate Social Responsibility Report

Xerox Holdings Corporation (NASDAQ: XRX) today released its 2025 Global Corporate Social Responsibility Report, highlighting key achievements from 2024 and outlining future sustainability and technology initiatives that support the company's Reinvention as a services-led, software-enabled company.

"This year's CSR Report shows meaningful progress-from lowering our emissions to embedding AI and automation into solutions that help clients operate more efficiently and sustainably," said Steve Bandrowczak, chief executive officer at Xerox. "Our acquisition of Lexmark represents a major milestone in our sustainability journey, expanding our ability to deliver product innovations and tools that help reduce waste, support climate goals, and accelerate a low-carbon future as we work toward net zero by 2040. While there is more to do, I'm proud of the advances we've made and grateful to our teams, clients, partners, and communities for helping us turn commitment into action."

Highlights from the 2025 CSR Report include:

• Expanding Access to Enterprise-Grade AI: Xerox advanced its technology portfolio by delivering enterprise-grade AI, automation, and cybersecurity solutions, enabling clients of all sizes to modernize operations, improve efficiency, and reduce environmental impact through smarter, software-enabled services.
• 2024 Progress Toward Net-Zero Goals: Xerox reduced Scope 1 and 2 greenhouse gas emissions (GHGs) by 59% from its 2016 baseline and cut Scope 3 emissions by 9.8% year-over-year.
• Circular Economy Expansion: Xerox remanufactured over 1.7 million toner cartridges with 90% reuse by weight and diverted more than 600,000 metric tons of equipment, parts, and supplies from landfills since 2009.
• Energy-Efficient Innovation: 100% of eligible new products launched since 2010 have earned ENERGY STAR® certification.
• Community Impact: Xerox contributed over $1.38 million to global community initiatives and employees volunteered more than 35,000 hours to causes aligned with the company's core values.

The integration of Lexmark strengthens the ability of Xerox to deliver solutions that help reduce environmental impact across the full print lifecycle. Lexmark innovations such as long-life imaging components, high recycled content in devices, and advanced energy-efficiency features complement Xerox, positioning the company to expand managed print services, accelerate progress toward carbon neutrality, and drive sustainability-focused innovation.

To read the full 2025 report, visit Xerox.com/CSR.

Forward-Looking Statement

This presentation and other written or oral statements made from time to time by management contain "forward looking statements" as defined in the Private Securities Litigation Reform Act of 1995 and involve certain risks and uncertainties. The words "anticipate", "believe", "estimate", "expect", "intend", "will", "would", "could", "can", "should", "targeting", "projecting", "driving", "future", "plan", "predict", "may" and similar expressions are intended to identify forward-looking statements. The Company's actual results may differ significantly from the results discussed in the forward-looking statements. These statements reflect management's current beliefs and assumptions and are subject to a number of other factors that may cause actual results to differ materially.

Such factors include but are not limited to: applicable market conditions; global macroeconomic conditions, including inflation, slower growth or recession, delays or disruptions in the global supply chain, higher interest rates, and wars and other conflicts, including the current conflict between Russia and Ukraine; our ability to succeed in a competitive environment, including by developing new products and service offerings and preserving our existing products and market share as well as repositioning our business in the face of customer preference, technological, and other change, such as evolving return-to-office and hybrid working trends; failure of our customers, vendors, and logistics partners to perform their contractual obligations to us; our ability to attract, train, and retain key personnel; execution risks around our Reinvention; the risk of breaches of our security systems due to cyber, malware, or other intentional attacks that could expose us to liability, litigation, regulatory action or damage our reputation; our ability to obtain adequate pricing for our products and services and to maintain and improve our cost structure; changes in economic and political conditions, licensing requirements, and tax laws in the United States and in the foreign countries in which we do business; the risk that multi-year contracts with governmental entities could be terminated prior to the end of the contract term and that civil or criminal penalties and administrative sanctions could be imposed on us if we fail to comply with the terms of such contracts and applicable law; interest rates, cost of capital, and access to credit markets; risks related to our indebtedness; the imposition of new or incremental trade protection measures such as tariffs and import or export restrictions; funding requirements associated with our employee pension and retiree health benefit plans; changes in foreign currency exchange rates; the risk that we may be subject to new or heightened regulatory or operation risks as a result of our, or third parties,' use or anticipated use of artificial intelligence technologies; the risk that our operations and products may not comply with applicable worldwide regulatory requirements, particularly environmental regulations and directives and anti-corruption laws; the outcome of litigation and regulatory proceedings to which we may be a party; laws, regulations, international agreements and other initiatives to limit greenhouse gas emissions or relating to climate change, as well as the physical effects of climate change; our ability to successfully integrate the Lexmark business and realize the anticipated benefits thereof, including expected synergies; and other factors that are set forth from time to time in the Company's Securities and Exchange Commission filings, including the combined Annual Report on Form 10-K of Xerox Holdings and Xerox Corporation.

These forward-looking statements speak only as of the date hereof or of the date to which they refer, and the Company assumes no obligation to update or revise any forward-looking statements as a result of new information or future events or developments, except as required by law.

About Xerox Holdings Corporation (NASDAQ: XRX)

Xerox has been redefining the workplace experience for over a century. As a services-led, software-enabled company, we power today's hybrid workplace through advanced print, digital, and AI-driven technologies. In 2025, Xerox acquired Lexmark - expanding our global footprint, strengthening service capabilities, and equipping us to deliver an even broader portfolio of workplace technologies to our clients. Today, we continue our legacy of innovation to deliver client-centric, digitally driven solutions that meet the needs of a global, distributed workforce. Whether in offices, classrooms, or hospitals, we help our clients thrive in a constantly evolving business landscape.

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