Corporate Sustainability

Letter from our CEO

FY23 was another year of rapid growth at MongoDB. We grew revenue 47% year-over-year despite experiencing macroeconomic headwinds starting in the second quarter. We added nearly 8,000 customers, ending the year with over 40,000 customers. We also added over 1,000 employees in FY23, although our hiring slowed down in the second half of the year due to a slower revenue growth environment.

As we continue to innovate and grow, we are also working to ensure that our success is sustainable. We understand that we can capture the market opportunity ahead of us only if we do it together with all our stakeholders – customers, employees, investors and our communities. We recently implemented a more robust, cross-functional ESG governance structure to ensure that, as we operate the business, our ESG approach is consistently integrated into each of our business units and informs how we pursue new opportunities and manage risk.

In FY23 we focused on ensuring that our culture and leadership remain strong as we continue to scale. We introduced the MongoDB Leadership Commitment, which reinforces to all our employees that everyone is a leader at MongoDB, and that all employees have a responsibility to live our values every day.

In order to achieve our long-term ambitions, we know that we need to be able to attract the best talent. That means not only providing competitive compensation, benefits and growth opportunities, but also ensuring that all employees feel welcome and valued at MongoDB. One of our core values is to embrace the power of differences, as we believe that diverse teams are more innovative and productive. To increase transparency into our D&I progress, we are disclosing detailed employee D&I metrics for the first time in this report.

As a developer data platform that supports critical business imperatives for our customers, we understand that cybersecurity is a critical area of business sustainability for MongoDB. We continue to develop our products to meet our customers’ increased security needs. In FY23 we were proud to achieve the Federal Risk and Authorization Management Program (FedRAMP) Moderate Authorization for our MongoDB Atlas for Government offering. The FedRAMP Moderate Authorization demonstrates our commitment to the highest cybersecurity standards, and will allow us to address the significant demand for our product among federal agencies, as well as state and local governments.

While our direct impact on the environment is relatively small, we strongly believe that we have a role to play in environmental sustainability. This year, we are publishing our audited Greenhouse Gas (GHG) emissions for the first time, as well as announcing our commitment to be fully powered by renewable energy by 2026 and to have net zero emissions (CO2e) by 2030.

The following pages highlight our ESG efforts in the past year. We are in the early days of what we can accomplish as a company, but our FY23 data reflects our progress against our commitments and helps us understand where we need to focus moving forward. I invite you to learn more about MongoDB’s strategic approach to managing sustainability risks and opportunities as we continue to innovate and grow.

Sincerely,

Dev Ittycheria

President & Chief Executive Officer

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MongoDB’s mission is to empower innovators to create, transform and disrupt industries by unleashing the power of software and data.

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