Environmental, Social, and Governance

LifeVantage Corporation ESG Report

January 2024

LifeVantage is dedicated to helping people live healthy, vibrant lives. And we believe our impact on the world is closely linked to that mission. Our definition of success means that our environmental, social, and governance practices align with our vision of activating wellness through exceptional products and entrepreneurial programs. Our Board of Directors is committed to our Sustainability and Social efforts and it is a topic discussed in each Board meeting with more in depth discussion twice per year.

“At LifeVantage, we know the health of our customers, independent Consultants, and employees is closely tied to the health of our communities and our planet. As we help people find a better path to wellness, we will never lose focus on our global impact, not only to drive long-term growth, but also because it’s the right thing to do.”

Steve Fife, President and Chief Executive Officer

Product Quality & Safety

Uncompromising quality, safety, and efficacy is non-negotiable. We develop every LifeVantage product based on credible science and our commitment to “clean” ingredients that activate the body to help improve health and well-being. We work closely with our key suppliers to ensure their facilities and practices meet product safety and quality guidelines. Each product is manufactured to strict quality standards and tested and verified before release. There have been no product recalls at LifeVantage in the past several years. We also do not generate any hazardous waste in the manufacturing of our products.

The company has not experienced any occupational health and safety accidents, injuries or fatalities in the last several years.

LifeVantage does not use Palm Oil directly in any of its products, however there are palm oil derivatives in many products. We have confirmed the source of the derivatives used in our TrueScience line are from RSPO approved sustainable sources. We are committed to confirming all our palm oil derivatives are sourced from RSPO approved sustainable sources by 2030.

Highlights

Ethical Sourcing

We use a Vendor Code of Conduct in our auditing process to ensure we only partner with suppliers who share our values of fair labor and ethical business practices. View More About Our Vendor Code of Conduct
Launch of TrueRenew complying with the clean ingredient list with more clean ingredient skincare planned this fiscal year.

View More About Our Clean Products that Activate Health

Environmental Responsibility

Protecting the planet is an ongoing priority for LifeVantage. The fish oils we use in our products are all sourced from suppliers with fisheries that are Marine Stewardship Council (MSC) certified. And we are taking steps to further reduce our environmental impact by improving the sustainability of our products, packaging, and shipping materials.

We recently engaged a third party to conduct a baseline study of our Scope 1 and Scope 2 GHG emissions. The results are included in the chart below:

GHG Inventory Summary by Region

Region	Scope 1 (mt CO2e)	Scope 2 (mt	Scope 1 + 2 (mt CO2e)
		Co2e)

North America	2.8	12.97	15.15

Asia Pacific +	0	4.92	4.92
Europe
Total Emissions:	2.8	17.89*	20.07

*Includes 56,724kWh of electricity from the grid, not from renewable resources. We are exploring this opportunity with our landlord.

While this is our baseline data, we hope to further reduce our Scope 1 and Scope 2 GHG emissions by 10% in the next 5 years with a focus on the fleet fuel as a priority.

LifeVantage recently set goals of being carbon neutral by 2050 and reducing our GHG emissions by 20% by 2030. As part of this goal, we have a milestone related to reducing GHG associated with parcel shipping by 50% by June 30, 2024. We have implemented changes to our parcel shipping practices to ensure we are tracking towards this goal and have made significant progress without sacrificing customer satisfaction.

LifeVantage has historically included an ESG metric as part of the employee bonus program, historically focused on the Social aspect. In fiscal year 2024 we changed the 5% ESG employee bonus target is to be focused on reducing our environmental footprint by: completing a parcel shipment baseline analysis and reduce the associated CO2 emissions by 50% and significantly reducing our waste footprint in 3 specific areas. To date, we are making significant progress on all these environmental goals.

Highlights

Products

Launch of TrueRenew and the TrueScience line later this fiscal year compliant with our Clean Ingredient list and using packaging recyclable curbside in most areas.

Packaging

Switched to easily recyclable #1 or #2 plastic for majority of our bottles and scoops.
Gradually phasing out non-recyclable bags and replacing with environmentally friendly paper cartons for AXIO® energy drinks , starting with the United States.
Launched liquid collagen supplement with infinitely recyclable glass bottles and aluminum caps- including a recycling drop off in our corporate office.

Shipping

Sourced shipping boxes made from Sustainable Forestry Initiative (SFI) certified corrugate.
Developing a sustainable bubble mailer to reduce size and weight of shipping small orders.
Redesigned our shipping boxes to reduce waste with an anticipated savings of 80.5 tons of Co2e per year by the design change.

Recycling

In addition to moving product packaging to recyclable materials and providing information on how to recycle our products and packaging, we have launched an in office recycling program that includes the glass recycling for our TrueScience Collagen bottles in office. Most other packaging is recyclable curbside in many locations.

Environmental Policy

Animal Welfare Policy

LifeVantage has a zero-tolerance policy for animal testing on any of its finished ingestible or cosmetic products intended for human use.

We are firmly committed to the ethical and humane treatment of animals. When studying LifeVantage products for pets, we only conduct trials in the targeted animal population to ensure efficacy and acceptability after researching the ingredients for safety and gaining strong evidence a product can support the health of the animal. We only use research methods that are the veterinary equivalent of human nutritional studies. We will not participate in or ask for any study that could jeopardize animal welfare in any way, and we require our research partners to adhere to strictly regulated guidelines.

Regulatory

We are committed to ensuring our products are backed by real science. Our product claims are carefully considered by market and we have a compliance team dedicated to help consultants know how to talk about our products. LifeVantage has not received any material fines, settlement or enforcement actions from regulatory bodies due to false, deceptive or unfair marketing, labeling or advertising recently.

Politics and Lobbying

LifeVantage prohibits and does not make any direct political contributions. We are members of the Direct Selling Association and the Utah Coalition, where a portion of the membership fees may be used for lobbying on behalf of all direct selling companies.

Culture

We believe in empowering people to achieve the remarkable. Our employee policies demonstrate our dedication to creating an engaged and positive workplace culture that is safe, inclusive, and free from discrimination. We value equality and diversity and are committed to doing more to better reflect the communities and countries we serve. As a company with a mission to activate wellness, we provide free products to all employees as well as opportunities for community service and access to learning and development resources to support physical, spiritual, and mental health.

Employees receive at least 4 hours of training on company policies each year, which include general education on ESG topics and goals, Code of Business Conduct and Ethics, Human Rights Policy, local employee handbook, FCPA and IT security among others. Employees are also provided with a hotline to anonymously report concerns with the company or compliance with policies.

We recently expanded the use of our hotline to all stakeholders, including to our vendor partners and included the hotline in our Vendor Code of Conduct.

Highlights

LifeVantage employees completed over 2500 community service hours in FY2023.
Offering an Activate Your Vacation bonus to encourage work-life balance by reimbursing certain travel and vacation expenses.

Diversity

LifeVantage values a diversity of opinions, backgrounds, and people. Our corporate diversity exceeds the population of our Utah market. See the below chart detailing 2023 Utah Population and LifeVantage Utah Employee Race and ethnicity information effective as of the publishing of this report.

	Utah Population	LifeVantage US
		Employee

White	77.2%	70.1%

Black/African	1.3%	1.1%
American
Asian	2.5%	7.5%
Native	1.2%	1.1%
Hawaiian/Pacific
Islander
Hispanic/Latino	16.1%	18.4%
Other Race	7.3%	1.7%

Philanthropy

Serving others is at the center of everything we do. LifeVantage Legacy is a 501(c)(3) charitable organization working to leave a legacy of a better world for all through helping those in need. We provide donations, resources, service opportunities, and disaster relief across the globe.

Highlights

Provided monetary donations to those affected by the war in Ukraine and typhoon Odette in the Philippines.
Provided monetary donations and volunteer work to help rebuild after Hurricane Ida in Louisiana, USA.
Provided mobile kitchen, resource donations, and volunteer work to assist a women and children’s shelter in Cabo San Lucas, Mexico.
Built homes in Puerto Peñasco, Mexico.
Provided weekend meals to local schools where many students don’t have meals on the weekends. We selected communities close to where we host events and assembled the weekend meals together at the events to leave the communities a little better than we found them. Provided relief support in Japan after devastating earthquakes.