Sustainability

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EXACT SCIENCES IS BUILT ON THE CORE VALUES OF INNOVATION, INTEGRITY, QUALITY, TEAMWORK, AND ACCOUNTABILITY. THESE GUIDE OUR COMMITMENTS TO FIGHTING CANCER, BUILDING BRIGHTER COMMUNITIES, AND CREATING A MORE SUSTAINABLE WORLD.”

- KEVIN CONROY, СHAIRMAN & CEO

Exact Sciences recently published its first comprehensive sustainability report. We’re excited to make this information available and bring awareness to some of the great work our team is doing. You can find more information about our sustainability efforts on our Investor Relations website. In our 2019 Sustainability Report, we highlight our efforts in 5 key areas:

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great place to work™

In 2019, 92% of survey participants said Exact Sciences is a Great Place to Work™. We’re proud to be considered a Great Place to Work by our employees. Our dedication to our employees fosters an innovative environment that allows us to deliver on our mission.

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Human Capital

Our vision to pursue smarter solutions that provide the clarity to take life-changing action earlier drives us to find ambitious, dynamic individuals who thrive in a team-based environment. Today, we are a team of over 4,000 employees (both full- and part-time).

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Business Ethics

We believe that conducting business ethically is critical to our near- and long-term success. Quality, integrity, accountability, innovation, and teamwork are the core values upon which we build our reputation and our competitive excellence. We expect every director, officer, and employee to practice the highest standards of conduct in every business relationship within the company and with our customers, business partners, competitors, and the community in which we work.

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Product Quality

Exact Sciences is dedicated to improving the quality of human health by developing innovative medical technologies and services for our customers. Quality is one of our core values and serves as a guide point for success.

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Access to Health care

At Exact Sciences, we go above and beyond to make it easy and affordable to complete our tests. A leading provider of cancer screening and diagnostic tests, Exact Sciences relentlessly pursues smarter solutions providing the clarity to take life-changing action, earlier, and our goal is to make those tests easily accessible to patients and providers.

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Environmental, Health and Safety

As stated in our company-wide Environmental, Health and Safety Policy, we believe that working safely and being environmentally responsible is fundamental to our success. We're committed to reducing resource consumption by practicing efficient use of energy, reducing use of water, and minimizing waste whenever possible.

Waste Management

In 2019, we produced 48,000 pounds of hazardous waste, 74% of which went to energy recovery. As part of our ongoing efforts to reduce all types of waste, we have implemented the following initiatives:

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Case Study

BioSafe Solutions to Cut Environmental Impact of Waste Management


As part of our commitment to use resources efficiently wherever possible, Exact Sciences undertook a detailed evaluation of our third party waste management solutions.

Sustainability considerations were core to vendor assessment. Exact Sciences saw an opportunity to improve energy efficiency, reduce water consumption, reduce waste sent to landfill, improve odor control, and reduce the risk of safety incidents associated with manual lifting of waste material.

BioSafe Solutions was ultimately selected both for the quality of its products and services, and for its ability to deliver positive sustainability impacts. All waste is either recycled or sent to waste-to-energy facilities.

Based on data monitoring to-date, new solutions provided by BioSafe have delivered the following resource savings:

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We estimate that cost savings as a result of reduced energy were about $85,000 in the second half of 2019.

Waste management is governed by our Waste Disposal Guidelines. All hazardous and non-hazardous waste not used in energy recovery or recycled is collected and disposed through a licensed waste disposal company.

All chemicals are reviewed to assure we are properly classifying and disposing of waste. Each laboratory is responsible for bringing its hazardous waste to the proper storage location. The Exact Sciences EHS manager is ultimately responsible for the management and disposal of hazardous, non-hazardous, and universal waste.

Exact Sciences provides waste disposal guideline training for all new employees upon initial assignment and when processes change. Hazardous waste management training is completed for all new employees, and annually for all employees.

Forward-Looking Statements

This report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the"safe harbor" created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as "believe," "expect,""may," "will," "should," "would," "could," "seek," "intend," "plan," "goal," "project," "estimate," "anticipate" or other comparable terms. All statements other than statements of historical facts included in this report regarding our strategies, prospects, expectations, goals, financial condition, operations, costs, plans and objectives are forward-looking statements. Examples of forward-looking statements include, among others, statements we make regarding expected growth opportunities and market share, future operating results, anticipated results of our sales, marketing and patient adherence efforts, expectations concerning payer reimbursement, and the anticipated results of our product development efforts. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Actual results, conditions and events may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause actual results, conditions and events to differ materially from those indicated in the forward-looking statements include, among others, the risks and uncertainties described in the Risk Factors and in Management's Discussion and Analysis of Financial Condition and Results of Operations sections of our most recently filed Annual Report on Form 10-K and our subsequently filed Quarterly Reports on Form 10-Q. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.