2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT Creating Success by Prioritizing Community, Clients and the Environment A Message FROM OUR PRESIDENT & CEO Since our founding, Enterprise has made a positive impact on our clients, associates and the communities in which we live and work. Our dedication to making a positive impact continues today. One of the meaningful ways we are making a difference is through the New Markets Tax Credit (NMTC) program, which helps us to fund and subsidize projects in underserved communities. In September, we were pleased to receive a $50 million allocation from the Community Development Financial Institutions Fund of the U.S. Department of Treasury. This is the third time we have received an NMTC award in the last four years. This allocation allows us to continue our work with the NMTC program, which helps create jobs and increase access to community services for those who need it most. We continue to foster an environment where our associates and members of the communities we serve can flourish. As an example, for the second straight year we received the Center for Disability Inclusion's Seal of Accomplishment. The Seal is given annually to organizations that are leaders and influencers in advancing disability inclusion. As a part of this focus, we launched an employee resource group that supports associates with disabilities and provides training on how to contribute to fostering a workplace where all associates, including those with disabilities, can thrive. We appreciate that these efforts and our business success were frequently recognized externally in 2024. Those honors include being named for the seventh consecutive year to American Banker's list of Best Banks to Work For. We are also pleased to be recognized by 50/50 Women on Boards as a "3+" corporation, with three or more women on our Board of Directors, and by Mastercard ® Community Institutions Segment Awards as a "Doing Well by Doing Good" award recipient for our commitment to giving back to our communities. In the pages ahead, you will find much more information about our ESG efforts and the impact we are making. Jim Lally President & CEO Enterprise Financial Services Corp Table of Contents Our Guiding Principles 02 I. ESG Governance 04 II. Climate 06 III. Community Involvement 08 IV. Human Capital 14 V. Additional Important Governance Policies 20 ENTERPRISE FINANCIAL SERVICES CORP 150 N. Meramec Avenue • Clayton, MO 63105 INVESTOR RELATIONS Keene Turner, Senior EVP, Chief Financial Officer (314) 512-7233 MEDIA Steve Richardson, SVP, Corporate Communications (314) 995-5695 CONNECT WITH US LinkedIn Facebook Branch offices Major markets ABOUT THIS REPORT Enterprise Financial Services Corp ("EFSC") is the holding company of Enterprise Bank & Trust (the "Bank"), a full-service financial institution offering banking and wealth management services to individuals and commercial clients primarily located in Arizona, California, Florida, Kansas, Missouri, Nevada and New Mexico. The terms "we," "us," "our," "Enterprise" or the "Company" as used in this Environmental, Social and Governance ("ESG") Report refer collectively to EFSC, together with its subsidiaries, including the Bank, when or where appropriate. This Report is not comprehensive. It should be read in conjunction with EFSC's 2024 Annual Report on Form 10-K and, in particular, the "Forward-Looking Statements" and "Risk Factors" sections of the 2024 Annual Report, together with other reports filed by EFSC with the Securities Exchange Commission ("SEC"). Get Our Annual Report 2024 by the Numbers $15.6B $11.2B total assets total loans $13.1B 85.3% total deposits loans/deposit ratio 1.25% return on average assets (ROAA) Our GUIDING PRINCIPLES We take great pride in creating a strong culture anchored by a set of Guiding Principles that focus on our culture and decision-making. We work to exemplify these principles through everyday behaviors, management practices and organizational norms. We utilize a variety of ways to reinforce these principles and to encourage and celebrate associates demonstrating these behaviors, including our Peer-to-Peer Recognition Program that allows associates to recognize their peers for exhibiting these principles. OUR GUIDING PRINCIPLES ARE: ڼ Integrity ڼ Belonging & Inclusion ڼ Client Success ڼ Continuous Improvement ڼ Accountability ڼ Wellness ڼ Teamwork ڼ Corporate Citizenship 02 2024 Awards & Recognition In 2024, we were recognized by a variety of organizations for our commitment to our associates and communities. MASTERCARD ® COMMUNITY INSTITUTIONS SEGMENT AWARDS: DOING WELL BY DOING GOOD AWARD Once again this year, Enterprise has won the Doing Well by Doing Good Award, which is given by Mastercard ® . The award is given to a select few organizations that promote community service, philanthropy and charitable giving to make a difference in the communities they service. AMERICAN BANKER BEST BANKS TO WORK FOR For the seventh consecutive year, Enterprise has made the American Banker list of Best Banks to Work For, ranking No. 53 nationwide and No. 4 among banks with more than $10 billion of assets. The ranking comes from a combination of an associate survey plus a review of our policies and associate benefits. "3+" CORPORATION Once again we were recognized by 50/50 Women on Boards as a "3+" corporation with three or more women serving on our Board of Directors, an important step to achieving gender-balanced and diverse boards. WOMEN IN THE WORKPLACE: EMPLOYMENT SCORECARD INITIATIVE HONOREE The Women's Foundation of Greater St. Louis again named Enterprise as an honoree in their Women in the Workplace: Employment Scorecard Initiative awards. The awards are given based on company policies, practices, development and data that show our commitment to supporting and advancing women in the workplace. 2024 ST. LOUIS BUSINESS JOURNAL BEST PLACES TO WORK - FINALIST Enterprise was once again a finalist in the St. Louis Business Journal's Places to Work. The program measures communication, management structure, benefits, teamwork and other factors. 2024 CENTER FOR DISABILITY INCLUSION SEAL OF ACCOMPLISHMENT The Center for Disability Inclusion once again awarded Enterprise with its Seal of Accomplishment. This award is given to organizations that demonstrate values associated with being a leader in disability inclusion. AMERICAN BANKER 2024 TOP-PERFORMING BANKS Enterprise moved up five spots - from No. 27 to No. 22 - in American Banker's annual list of top-performing banks with between $10 and $50 billion in assets. The ranking is based on a three-year average return on equity for each institution. OUR GUIDING PRINCIPLES All trademarks are the property of their respective owner(s). 03 I. ESG GOVERNANCE Our commitment to sustainability begins with Enterprise's Board of Directors (the "Board"). As the governing body responsible for our general oversight and strategic direction, the Board establishes parameters to ensure our interactions with society and the environment are considered in connection with our business activities. The Risk Committee of the Board is composed exclusively of independent directors 1 and is responsible for the governance of our Enterprise Risk Management ("ERM") framework and ESG-related policies and initiatives. The Risk Committee advises and informs the Board on ESG matters, 2 including sustainable management and oversight of climate-related risks. The Risk Committee provides direction and oversight of management regarding the Company's ESG-related activities and reviews and approves ESG disclosures. In addition, the Risk Committee oversees the activities of the following management committees: Regulatory Compliance, Risk Oversight, Operations Technology and Sustainability. 1 2 Independence determined in accordance with the Nasdaq listing rules. Environmental, health and safety, corporate social responsibility, sustainability and other public policy issues. 04 ERM FRAMEWORK EFSC BOARD OF DIRECTORS RISK COMMITTEE REGULATORY RISK OVERSIGHT OPERATIONS SUSTAINABILITY COMPLIANCE TECHNOLOGY COMMITTEE COMMITTEE COMMITTEE COMMITTEE I. ESG GOVERNANCE The Risk Oversight Committee is comprised of a multidisciplinary group of management associates. It focuses on an enterprise view of the risks facing the organization and has overall responsibility for monitoring our ERM framework. Additionally, it engages to promote risk awareness throughout the organization and to openly discuss identified and potential risks. The Sustainability Committee is a cross-functional group of management associates tasked with assisting the development, implementation and monitoring of our ESG strategy. The Sustainability Committee is also responsible for overseeing the implementation of ESG initiatives and supporting our ESG strategy, including those related to climate-related risks. The Regulatory Compliance Committee is a management committee responsible for monitoring our compliance programs and policies to ensure they are appropriately responsive to the various legal and regulatory risks facing the Bank. The Regulatory Compliance Committee chair is also a member of the Risk Oversight Committee, advising on risks and opportunities related to community development lending, client complaints and other compliance-related matters. Further, the Regulatory Compliance Committee chair reports committee activities to the Risk Committee of the Board. See Bank Regulatory Compliance Program on page 24 for more details on compliance governance. The Operations Technology Committee is a management committee with overall responsibility for monitoring the systems, policies and procedures for our loan, deposit and wealth management business operations. This includes the framework used to identify and prevent cyberattacks or data breaches. The Operations Technology Committee chair reports committee activities to the Risk Committee of the Board. Additionally, the Chief Inf