NETGEAR, Inc.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:781,819 tCO2e/year
Scope 1 Emissions:404 tCO2e/year
Scope 2 Emissions:519 tCO2e/year
Scope 3 Emissions:780,896 tCO2e/year
Renewable Energy Share:Over 90% of global facilities using 100% renewable electricity
Water Consumption:3,529,155 gallons/year
Waste Generated:390 metric tons/year (recovered scrap)
ESG Focus Areas
- Product Security
- Data Privacy & Cybersecurity
- Supply Chain Management
- Employee Engagement, Diversity & Inclusion
- GHG Emissions & Energy Management
- Professional Integrity
Environmental Achievements
- Transitioned over 90% of global facilities to 100% renewable electricity.
- Recovered 390 metric tons of scrap waste.
- Included recycled plastics and metals in the design of several product lines; new line of wireless access points contains approximately 60% recycled material.
- Eliminated foam and poly bags for new products; using Post-Consumer Waste (PCW) for packaging.
Social Achievements
- Approximately 60% of executive management self-identified as an underrepresented minority.
- 57% of independent directors identified as female.
- 100% of employees completed anti-corruption training.
- Organized food and toy drives, volunteered at food banks, and supported various charitable events globally.
Governance Achievements
- Established an AI Leadership Council to provide oversight and align AI usage with ethical practices.
- Implemented a robust data privacy governance framework with a Chief Privacy Officer.
- 100% of NETGEAR employees and Board members, and over 96% of key suppliers signed the Code of Ethics certification.
Climate Goals & Targets
Long-term Goals:
- Using recycled materials in 60% of new product introductions by 2028.
Short-term Goals:
- Achieve net-zero across operational emissions (Scopes 1 & 2) by 2025.
- 100% renewable electricity use for NETGEAR facilities by 2025.
- Cardboard: 20% PCW for primary packaging and 60% PCW for secondary packaging by 2025.
Environmental Challenges
- Extreme weather (tropical cyclones, cold waves) causing supply chain disruptions.
- Water scarcity in some facility locations.
- Potential risks associated with the use of PFAs in products.
- Maintaining a global supply chain and sourcing components.
Mitigation Strategies
- Manufacturing partners in vulnerable areas implemented Business Continuity Plans.
- Investigating the presence and usage of PFAs in products and identifying alternatives.
- Regular audits of suppliers to identify and mitigate high-risk activities.
- Collaborating with suppliers to improve sustainability and reduce emissions.
Supply Chain Management
Supplier Audits: Over 94% of production volume audited in FY23
Responsible Procurement
- Supplier Code of Conduct aligned with RBA code.
- Quarterly business reviews with suppliers.
Climate-Related Risks & Opportunities
Physical Risks
- Heat waves
- Tropical cyclones
- Cold waves
- Water stress
- Riverine flooding
Transition Risks
- Environmental regulations
- Technology regulations
- Reporting regulations
- Fuel price fluctuations
- Component shortages
Opportunities
- Solar panel installations
- Energy-efficient equipment
- Reduced energy use and renewables
- Reduced water use
- Improved end-of-life disposal/recyclability of products
- Increased use of recycled materials
Reporting Standards
Frameworks Used: SASB, TCFD
UN Sustainable Development Goals
- Goal 7 (Affordable and Clean Energy)
- Goal 13 (Climate Action)
- Goal 8 (Decent Work and Economic Growth)
- Goal 6 (Clean Water and Sanitation)
- Goal 10 (Reduced Inequalities)
- Goal 15 (Life on Land)
Through various initiatives such as renewable energy transition, carbon offsetting, sustainable product design, and supply chain sustainability.
Sustainable Products & Innovation
- WBE750 Wi-Fi 7 Access Point (50% recycled plastic, 100% recycled aluminum)
Awards & Recognition
- iF Design Award 2024
- Red Dot Design Award 2024