Some organisations might set restrictions for using third-party services. You can contact the IT administrator at your organization to ask whether it's possible to use your account in Calendars.
If the access is allowed by your organisation and you are still experiencing issues adding your Exchange / Outlook account to Calendars, there might be the following reasons:
If you have 2-factor authentication enabled or the administrator can't give you access to use Calendars, you can add your account through local calendars. Please note that color-coding will be random for accounts added this way.
Note: If you already have some of the accounts added to Calendars by Readdle and don’t want them to be added twice to the app, disable them in the Local Calendars section of Settings. Disabled accounts will still be available for other apps and systems.
Tip: To learn how to add multiple accounts to Calendars on your Mac, check out this article.