Ethical Foundation at Fiserv

Ethics are a top priority at Fiserv. Our culture and reputation are defined by our actions and the decisions that we make every day.

Anti-Corruption

All Fiserv associates and third parties are prohibited from engaging in acts of bribery or corruption, either directly or through a third party.

All associates, including our executives, are required to participate in an anti-bribery and anti-corruption training which reinforces that acts of bribery and corruption are not tolerated at Fiserv. These trainings include examples of situations that constitute bribery or corrupt activity and provide interactive knowledge checks throughout.

We conduct an assessment to analyze our anti-corruption compliance risk profile across our global footprint. The assessment includes a review of procedures, policies and practices across the organization, and covers external interactions and activities such as government relations and gift giving. We use the assessment results to analyze and enhance our anti-bribery and corruption programmatic efforts.

Human Rights

Fiserv is committed to maintaining a safe and respectful work environment where associates feel valued and able to contribute to their fullest potential.

As reflected in our Code, we are committed to supporting the 10 principles of the United Nations Global Compact (UNGC) and our opposition to labor abuses in our Modern Slavery Statement.

Fiserv is committed to equal opportunity and fair treatment of all associates. To further support human rights beyond our Code training, we conduct annual training on topics such as anti-harassment and anti-discrimination.

Responsible Sourcing

Suppliers play an important role in facilitating the daily functions of Fiserv. Our sourcing team continuously reviews our screening measures and modifies when appropriate to enhance the quality of our sourcing program.

We strive to work with organizations that share our values and align to the principles reflected in our Code. To ensure suppliers are onboarded in compliance with our policies and principles, we conduct a risk assessment of their policies and business practices. Our sourcing team and our third-party risk management team review information on a variety of social, ethical and reputational topics as part of the supplier onboarding process. For certain vendors, we examine the vendor’s own ethical sourcing program. When issues are identified during a risk assessment, we either select a different vendor or, if possible, address the identified issue. Our goal is to ensure issues, such as human rights protections, are promoted throughout our corporate supply chain.

Topics Reviewed by the Third-Party Risk Management Team

• Reputation
• Financial stability
• Quality
• Conflict minerals usage
• Human trafficking
• Modern slavery
• Confidentiality and data protection
• Foreign corrupt practices policies
• Third-party risk management capabilities

Taxes

Fiserv takes a thoughtful approach to taxes and complies with relevant tax laws and policies in the jurisdictions in which we operate.

All tax-related decisions are considered in the context of efficient use of capital, legal entity structure and ultimately our business operations. Our tax process involves numerous levels of controls and oversight. We provide the audit committee with periodic updates regarding our tax structure, strategies and policies. In addition, our internal corporate audit function and third-party auditors conduct periodic reviews of our policies, procedures and controls. We disclose our tax payments and use of any net operating losses in our Annual Report on Form 10-K. We also disclose our U.K. Tax Strategy.

Lobbying

Fiserv believes that strategic public policy engagement is an important part of responsible corporate citizenship.

The nominating and corporate governance committee has oversight of our Government Relations function. Fiserv lobbies ethically, constructively and in a bipartisan manner through direct and indirect communication with public officials and complies with all registration and reporting requirements related to lobbying activities. We participate in direct advocacy in the U.S. with state legislatures, Congress and various federal regulatory agencies. We also conduct lobbying activities in the EU and the U.K.

Additionally, Fiserv pays membership dues to business and industry trade associations which may use a portion of those funds for lobbying activities.

Fiserv has established a nonpartisan federal political action committee which supports federal candidates whose views and values align with our business objectives. In some cases, we make corporate contributions to state-level candidates where state law allows.

Enterprise Risk Management

Our approach to risk management includes a global coverage model comprised of a central enterprise risk management (ERM) function responsible for our firm-wide framework, policy and oversight; senior risk officers, who are assigned to each line of business to support the efficient and consistent execution of policy requirements; and risk domain subject matter experts who provide firm-wide expertise and guidance for specific risk types. This coverage model, along with site-level risk assessments, engaged business leaders, an executive-level risk committee, and oversight of the audit committee of the board of directors, comprises an integrated approach to risk management that supports a culture of accountability and oversight.

As part of our general ERM strategy we look across the enterprise using a combination of top-down and bottom-up approaches. We consider, among other things, climate, reputation, technology, legal and regulatory risks. These impacts are considered across a short-, medium- and long-term time horizon. We consider climate-related issues when executing on our business objectives and strategies to ensure we are continuously prepared for change, in a business and environmental sense.