Climate Change Data

Environmental Metrics

ESG Focus Areas

• Governance
• Social
• Environmental

Environmental Achievements

• Achieved a 7% decrease in normalized total GHG emissions since 2011.
• Achieved a 21% decrease in normalized PFC emissions from 2010 to 2013.
• Fab 8 achieved LEED™ Gold ® level certification in April 2014.
• All manufacturing locations are certified to the ISO 14001 environmental management systems standard.

Social Achievements

• Launched a Total Rewards Survey to optimize employee compensation and benefits.
• 99% of employees who took parental leave returned to work; 97% retention rate.
• Contributed $5 million to the GLOBALFOUNDRIES–Town of Malta and GLOBALFOUNDRIES–Town of Stillwater Foundations for community development.

Governance Achievements

• Established the Ethics First Reporting Tool, a 24/7 hotline for reporting potential violations.
• Implemented Worldwide Standards of Business Conduct (WWSBC) training for all employees.
• Board of Directors comprised of nine members, including representatives from Mubadala Technology and Mubadala Development Company.

Climate Goals & Targets

Environmental Challenges

• Increased energy consumption due to new equipment and technology in Fab 8 and Fab 1.
• Increased water use due to increased production in Dresden and start-up of Fab 8.
• Increased hazardous waste generation due to increased manufacturing complexity at advanced technology nodes.

Mitigation Strategies

• Implemented energy conservation projects in Dresden, resulting in savings of more than 33.5 GWh of electricity.
• Implemented energy efficiency projects in Singapore, saving more than 72 GWh in 2013.
• Integrated energy-efficient features in Fab 8 design, estimated to save approximately 16 GWh annually.
• Extensive water reuse and recycling programs at all manufacturing facilities, achieving a 68% reclaim rate in 2013.
• Investigating ways to reduce water and chemical use to reduce hazardous waste.

Supply Chain Management

Supplier Audits: Regular evaluations of suppliers began in 2011.

Responsible Procurement

• Adoption of the EICC Code of Conduct in 2009.
• Incorporation of EICC Code requirements into supplier audit process.
• Supplier self-assessment questionnaires evaluating conformance to the EICC Code.

Climate-Related Risks & Opportunities

Physical Risks

• Severe weather events (droughts, flooding, extreme temperatures)

Transition Risks

• Regulatory initiatives

Opportunities

• Energy conservation and efficiency improvements

Reporting Standards

Frameworks Used: GRI G3.1

Certifications: OHSAS 18001, ISO 9001, ISO 14001, ISO/TS 16949 (Singapore fabs), ISO/IEC 15408 (Fabs 3E and 7 in Singapore)

Sustainable Products & Innovation

• Semiconductors enabling energy efficiency in various products and processes.

Awards & Recognition

• SEMI EHS Leadership Award (Ajit Manocha)
• Women in Manufacturing STEP Award (Alexie Lee)
• Workplace Safety and Health Performance Silver Awards (Singapore facilities)
• Outstanding Energy Manager of the Year (Ping Chay Soon)
• Excellence in Energy Management award (Singapore)

Environmental Metrics

ESG Focus Areas

• Ethical Business Practices
• Diversity and Equal Opportunity
• Customer Experience and Data Protection
• Training and Education, Employee Personal and Professional Development
• Eco-efficiency: Resource Use
• Employee Health and Safety
• Risk Management
• Conflict Minerals
• Supplier Responsibility
• Human Rights
• Compliance
• Eco-efficiency: Emissions, Waste, and Effluents
• Community Economic Impacts and Relations
• Economic Performance
• Employment, Employee Benefits

Environmental Achievements

• Achieved 100 percent DRC “Conflict-Free” status with all smelters in GLOBALFOUNDRIES’ supply chain compliant with the Conflict-Free Smelter Initiative (CFSI)’s Conflict-Free Smelter Program
• Publication of a new set of resource conservation goals reflecting our integrated manufacturing operations, unifying the company in pursuit of sustainability, even as we grow rapidly
• LEED Gold Level certification for Admin 1 and Admin 2 buildings at Fab 8

Social Achievements

• Emphasis on high ethical standards by updating our Worldwide Standards: GLOBALFOUNDRIES Code of Conduct, and establishment of our Ethics and Compliance office in 2015
• Membership in the Electronic Industry Citizenship Coalition® (EICC), along with extended commitment to the EICC Code of Conduct and our customers’ corporate responsibility efforts
• GLOBALWOMEN program initiated to advance women at GLOBALFOUNDRIES

Governance Achievements

• Establishment of the Ethics & Compliance Office within the Legal Department

Climate Goals & Targets

Environmental Challenges

• Increased absolute GHG emissions due to Fab 8 ramp-up, production increases, and acquisition of Fabs 9 and 10
• Increased absolute hazardous waste generation due to increased manufacturing capacity and complexity at advanced technology nodes
• Increased absolute non-hazardous waste generation due to Fab 8 startup and addition of Fabs 9 and 10

Mitigation Strategies

• Energy conservation projects across all sites
• Water reuse and recycling programs
• Investigation of ways to reduce water and chemical use to reduce hazardous waste
• Implementation of Green Mode strategy for energy efficiency

Supply Chain Management

Responsible Procurement

• EICC Code of Conduct
• Global Supplier and Subcontractor Management Policy
• Standard supplier agreements
• Purchase order terms and conditions

Climate-Related Risks & Opportunities

Physical Risks

• Severe weather events (droughts, flooding, extreme temperatures)

Transition Risks

• Regulatory initiatives

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI G4 Core

Certifications: ISO 14001, OHSAS 18001, IATF 16949, AS9100, ISO 50001 (Fab 1)

Sustainable Products & Innovation

• 22FDX™ and 12FDX™ technologies (ultra-low-power)
• 7nm FinFET technology (high-performance, energy-efficient)
• 14nm FinFET technology (high-volume, high-performance, power-efficient)
• BCDlite™ (cost-effective power management)

Awards & Recognition

• Vermont Governor’s Award for Environmental Excellence (Fab 9)
• Singapore Standard SS 564 Green Data Centres certification (Singapore data center)
• ISO 50001 energy management system standard certification (Dresden)

Environmental Metrics

ESG Focus Areas

• Governance and Ethical Business
• Social/Employment
• Environmental
• Community
• Economic

Environmental Achievements

• Reduced lost workday case rate by 20 percent in 2016 compared to 2015
• Achieved a fully “DRC Conflict-Free” supply chain
• 8 percent decrease in normalized electricity usage in 2016 compared to the baseline
• 7 percent decrease in normalized water consumption in 2016 compared to the baseline
• 12 percent lower normalized GHG emissions in 2016 compared to the baseline
• 11 percent decrease in normalized PFC emissions in 2016 compared to the baseline

Social Achievements

• Reduced occupational injuries for the second straight year
• Established a Supplier Verification program
• Over 99 percent of employees who took parental leave returned to work
• Subsequent retention rate for employees following parental leave was more than 87 percent

Governance Achievements

• Strengthened Corporate Responsibility Management Systems
• Established a Global Supplier and Subcontractor Management Policy requiring conformance with the EICC Code
• Established the Ethics & Compliance Office
• Implemented the GLOBALFOUNDRIES Ethics First Helpline

Climate Goals & Targets

Environmental Challenges

• Increased absolute hazardous waste generation (22 percent in 2016 compared to the baseline)
• Slight increase in absolute water consumption (1 percent in 2016 compared to the baseline)
• Potential business risks associated with climate change (regulatory initiatives, severe weather events)

Mitigation Strategies

• Actively investigating ways to reduce water and chemical use to ultimately reduce hazardous waste
• Implementing a number of charted projects to increase water efficiency
• Conserving energy, implementing emission controls, participating in initiatives to drive industry-wide improvements
• Evaluating climate-related risks as part of risk management process

Supply Chain Management

Supplier Audits: Regular surveys to determine suppliers’ risk of non-conformance with the EICC Code; risk-based approach to verifying self-assessment information.

Responsible Procurement

• Global Supplier and Subcontractor Management Policy requiring conformance with the EICC Code
• Supplier agreements and purchase order terms and conditions requiring EICC Code conformance

Climate-Related Risks & Opportunities

Physical Risks

• Severe weather events (droughts, flooding, extreme temperatures)

Transition Risks

• Regulatory initiatives affecting energy and process materials

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI G4 Sustainability Reporting Guidelines (Core level)

Certifications: ISO 9001, ISO 14001, OHSAS 18001, ISO 50001 (various sites), IATF-16949 (automotive), AS9100 (aerospace), LEED Gold® (Admin 1 and Admin 2, Fab 8), LEED Silver® (Fab 8.1)

Sustainable Products & Innovation

• FD-SOI technology
• FinFET transistors
• 22FDX™ and 12FDX™ technologies
• BCDlite™ technology

Awards & Recognition

• Various awards mentioned for different sites (e.g., LEED certifications, Vermont Governor’s Award, EPA Environmental Merit Award)

Environmental Metrics

ESG Focus Areas

• Safety
• Diversity & Inclusion
• Ethical Business Practices
• Environmental Stewardship
• Supply Chain Responsibility
• Community Engagement

Environmental Achievements

• Exceeded targets to reduce greenhouse gas emissions, water and chemical use, and waste generation.
• Reduced GHG emissions by more than 13,000 MTCE through process optimization at GF Singapore.
• Reduced annual waste by 3,600 tons at GF Dresden through wastewater pretreatment.
• Conserved more than 175,000 m³ of water annually at Fab 8 through water reuse.

Social Achievements

• Achieved best-in-class safety performance, exceeding goals to reduce 2019 injury rates by at least 10% below 2018.
• Implemented comprehensive measures to protect employees during the COVID-19 pandemic.
• Increased paid maternity leave to 20 weeks in the US and APAC regions.
• Launched a Social Justice & Equity campaign, donating $100K to organizations supporting these causes.
• Donated over $1M in direct funding and PPE to support communities during the COVID-19 pandemic.

Governance Achievements

• Maintained 100% “conflict-free” supply chain for designated conflict minerals.
• Received Platinum recognition from the Responsible Business Alliance (RBA) for sites in Burlington, Vermont, and Singapore.
• Implemented GF SHIELD program to establish a culture of security.
• Fab 1 in Dresden received ISO 15408 certification for secure manufacturing.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic
• Supply chain disruptions
• Meeting resource conservation goals while reducing waste generation.
• Maintaining RBA Code conformity across the supply chain.

Mitigation Strategies

• Implemented comprehensive COVID-19 protection measures for employees.
• Amplified efforts to secure and reroute source materials.
• Implemented resource conservation projects to reduce electricity, water, GHG emissions, and waste.
• Implemented a risk-based approach for RBA Code conformity assessment and verification for major suppliers.

Supply Chain Management

Supplier Audits: 60 major suppliers assessed in 2019, including VAP audits and targeted document reviews.

Responsible Procurement

• RBA Code of Conduct extended to suppliers
• Conflict Minerals Policy
• Responsible Minerals Initiative (RMI) due diligence tools applied

Climate-Related Risks & Opportunities

Physical Risks

• Severe weather events (droughts, flooding, extreme temperatures)

Transition Risks

• Regulatory changes affecting energy and process materials

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI G4 Sustainability Reporting Standards (Core option)

Certifications: ISO 14001, OHSAS 18001, ISO 9001, IATF 16949, ISO 27001, ISO 50001, ISO 15408

Sustainable Products & Innovation

• Energy-efficient semiconductor solutions (FinFET, FD-SOI, eMRAM, SiPh, advanced packaging)

Awards & Recognition

• Responsible Business Alliance (RBA) Validated Assessment Program (VAP) Audit Platinum Recognition (Singapore and Burlington)
• 2019 Dresden Chamber of Commerce Award for Apprenticeship Excellence
• 2019 Saxony Environmental Alliance’s Certificate of Recognition
• Singapore 2019 National Fire Safety Competition – Silver Award
• 2019 New York Capital Region’s Healthiest Employers Award
• 2019 Vermont Governor’s Excellence Award in Worksite Wellness – Silver level
• 2019 National Pollution Prevention Roundtable’s P2 Champion Award
• 2019 Green Mountain Water Environment Association Award

Environmental Metrics

ESG Focus Areas

• Safety
• Employee Well-being
• Diversity & Inclusion
• Community Engagement
• Sustainable Manufacturing
• Responsible Sourcing
• Ethical Business Practices
• Environmental Efficiency
• GHG Emissions Reduction
• Supply Chain Due Diligence
• Human Rights

Environmental Achievements

• Exceeded three-year targets for water, greenhouse gases (GHG), and chemical use and waste generation by the end of 2020.
• Significantly increased environmental efficiency (relative to manufacturing output) by ~25 percent for Energy, Water and GHG over the past 5 years.
• Reduced absolute GHG emissions by 25% from 2020 to 2030 (target).

Social Achievements

• Recorded the lowest Total Recordable Injury Rate (TRIR) in twelve-year history in 2020.
• Achieved enterprise certification to ISO 45001 in April 2021.
• Launched a new parental leave program.
• Launched GF flex solutions for flexible work.
• Accelerated diversity and inclusion initiatives.
• Launched a Social Justice & Equity campaign, donating over $200k.
• GF employees made over 7,800 individual donations in 2020, totaling over $500K in charitable giving.

Governance Achievements

• Received 200-point scores out of 200 possible in all third-party audits of Corporate Responsibility management systems.
• Implemented and communicated Anti-Bribery and Anti-Corruption policies.
• Achieved 100% training completion rate among active employees in 2020.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting operations and employee well-being.
• Supply chain disruptions.
• Climate-related risks (severe weather events, regulatory changes, market shifts).

Mitigation Strategies

• Strict on-site protocols and work-from-home mandates.
• Strategic sourcing program to mitigate supply disruptions.
• Regional and Global Epidemic and Pandemic Response Plans.
• Proactive measures to address climate-related risks (energy conservation, emission controls, renewable energy).

Supply Chain Management

Supplier Audits: Approximately 85 major suppliers assessed in 2020; various methods used (self-assessments, VAP audits, document reviews).

Responsible Procurement

• RBA Code of Conduct requirement for all suppliers.
• Annual supplier self-assessments and environmental information requests.
• Risk-based approach for selected major suppliers (VAP audits, document reviews).

Climate-Related Risks & Opportunities

Physical Risks

• Severe weather events

Transition Risks

• Regulatory changes affecting energy sourcing and materials.
• Market shifts.

Opportunities

• Development of energy-efficient products.

Reporting Standards

Frameworks Used: GRI G4 Sustainability Reporting Standards (Core option)

Certifications: ISO 14001, ISO 45001, ISO 27001 (at select sites), ISO 15408 (at select sites)

Sustainable Products & Innovation

• Energy-efficient semiconductor solutions (FD-SOI, FinFET, silicon photonics, eMRAM, advanced packaging).

Awards & Recognition

• America’s Safest Companies Award (EHS Today)
• Leader in Diversity, Equity and Inclusion Award (Albany Business Review)
• Dresden’s Best Employers Award
• Germany’s Best Companies for Vocational Training Award
• German Innovation Leaders Award
• Best Employers in Germany Award
• Signature Award (Financial Wellness & Communication)
• Singapore Community Spirit Gold Award
• Singapore Children’s Cancer Foundation Appreciation Award
• New York Capital Region’s Healthiest Employers Award
• Vermont Governor’s Excellence Award in Worksite Wellness
• Community Impact Award (Lake Champlain Chamber)
• RBA VAP Audit Platinum Recognition (Singapore)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced total greenhouse gas emissions by 19% (normalized) from 2018 to 2021.
• Achieved annualized savings of more than 86 gigawatt hours of electricity, almost 1.5 million cubic meters of water, 56,300 metric tons of carbon equivalents in greenhouse gas emissions, and more than 18,000 tons of chemical use and waste generation.
• Met or exceeded resource conservation targets for water, electricity, chemical use, greenhouse gas emissions, and waste generation for 2019-2021.

Social Achievements

• Launched three new Employee Resource Groups (ERGs): Asian Society for Inclusion and Awareness; Pride at GF; and Unidos.
• GlobalGives participation grew 77%, with nearly $400,000 USD in employee donations and nearly $1.2 million USD total donated (including company match).
• Total Recordable Injury Rate (TRIR) and Lost Time Injury Rate (LTIR) were the lowest since the company's founding in 2009 and significantly lower than industry averages.

Governance Achievements

• Named three experienced leaders as independent directors to the board.
• All four Fab sites received perfect scores (200/200) in Responsible Business Alliance (RBA) audits.
• Received an ISS “Prime” ESG rating, ranking in the top 10% of semiconductor companies for ESG efforts.

Climate Goals & Targets

Environmental Challenges

• Supply chain challenges due to the pandemic and unprecedented demand for semiconductors.
• Climate change impacts (regulatory changes, extreme weather, supply chain disruptions).

Mitigation Strategies

• Developed alternative sourcing strategies.
• Implemented Journey to Zero Carbon initiative to reduce GHG emissions by 25% by 2030.
• Implemented robust COVID-19 protection measures to maintain operations.

Supply Chain Management

Supplier Audits: 21 RBA VAP audits and 19 targeted document reviews in 2021.

Responsible Procurement

• Requirement for suppliers to comply with the Responsible Business Alliance (RBA) Code of Conduct.
• Risk-based supplier monitoring process.
• Annual RBA supplier review.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Rising mean temperatures

Transition Risks

• Regulatory changes (carbon taxes)
• Costs for lower-emission technologies

Opportunities

• Development of energy-efficient products (detailed in Technology solutions for humanity section)

Reporting Standards

Frameworks Used: GRI Standards: Core option

Certifications: ISO 14001, ISO 45001, ISO 27001 (at select fabs), ISO 15408 (at select fabs), UL Zero Waste to Landfill Certified (Fab 2/7/7G in Singapore)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 9 (Industry, Innovation and Infrastructure)
• Goal 12 (Responsible Consumption and Production)
• Goal 13 (Climate Action)

GF's initiatives contribute to these goals through energy efficiency improvements, sustainable manufacturing practices, responsible sourcing, and technology solutions for a more sustainable future.

Sustainable Products & Innovation

• Semiconductor chips enabling energy-efficient EVs, smartphones, data centers, and other applications (detailed in Technology solutions for humanity section).

Awards & Recognition

• Workforce Innovation Award, Most Innovative Plan Award for Employee Stock Purchase Plan, Great Place to Work – Certificate™, Leader in Diversity, Equity and Inclusion Award, Medallion Award, Employee Experience Awards, HR Excellence Awards, Best Employers in Dresden, Germany’s Best Companies for Vocational Training, German Innovation Leaders, Best Employers in Germany, Signature Award Financial Wellness & Communication, Foundation Philanthropy Award for STEM & Education Partnerships, Community Spirit Gold, Appreciation Award Silver, Community Impact Award, America’s Safest Companies Award, New York Capital Region’s Healthiest Employers Award, Vermont Governor’s Excellence Award, Sustainability Leadership Award, Corporate Sustainability Leadership Award, ISS “Prime” Corporate ESG Performance

Environmental Metrics

ESG Focus Areas

• Economic performance
• Health, safety and well-being
• Secure manufacturing
• Technology for humanity
• Ethics and compliance
• Human rights
• Responsible sourcing
• Talent
• Diversity, equity & inclusion
• Community engagement & support
• Climate risk mitigation
• Energy efficiency
• Water efficiency
• Environmental controls (waste, effluents, air emissions)

Environmental Achievements

• Increased water reclaim rate from 56% in 2020 to 64% in 2022
• Module 7H expansion achieved Green Mark Gold status from Singapore's Building and Construction Authority.
• Annualized savings of 47,900 MTCO2e of GHG emissions

Social Achievements

• Achieved best-in-class recordable injury rates (TRIR < 0.3)
• Achieved best-in-class lost time rates (LTIR < 0.2)
• Launched a new comprehensive company-wide wellness initiative
• Increased executive women representation by 3.8% since 2020 (to 19.8%)
• Increased executive US minority representation by 9% since 2020 (to 33%)
• 96% global retention of employees who take parental leave

Governance Achievements

• Maintained a 100% conflict-free supply chain for 3TG (gold, tantalum, tin, tungsten)
• Maintained best-in-class RBA VAP audit scores (combined GF Fab average ≥ 180)
• Embedded Board-level ESG goals into the Senior Leadership Team's incentive-based compensation program

Climate Goals & Targets

Environmental Challenges

• Gathering economic headwinds impacting the semiconductor industry
• Potential human rights risks in the supply chain (involuntary labor, excessive working hours, inadequate wages and benefits, harassment, discrimination, inhumane treatment, lack of freedom of association)
• Climate-related risks (regulatory changes, extreme weather events, chronic climate-related physical changes, supply chain impacts)

Mitigation Strategies

• Deepening engagements with customers to bring specialty and differentiated solutions to market
• Implementing risk assessment and audit processes to identify and manage human rights risks
• Implementing corrective and remediation actions for identified non-conformities
• Conducting a TCFD-based climate risk and opportunity assessment
• Conserving energy and water, implementing emission controls, engaging in industry-wide initiatives to reduce GHG emissions
• Developing alternative sourcing strategies

Supply Chain Management

Supplier Audits: 15% coverage in 2022

Responsible Procurement

• GF Supplier Code of Conduct
• Supplier agreements
• Purchase order terms and conditions
• RBA Code requirements
• Supplier diversity program

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Flooding
• Heat waves
• Droughts
• High temperatures

Transition Risks

• Regulatory changes (carbon taxes and fees)
• Costs for lower emissions technology

Opportunities

• Development of energy-efficient products and processes

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 14001, ISO 45001, ISO 27001

Third-party Assurance: Apex Companies, LLC (limited assurance for Scope 1 and 2 GHG emissions)

Sustainable Products & Innovation

• FDX™, SiPh, GaN, Feature-Rich CMOS, RF SOI, SiGe, FinFET technologies

Awards & Recognition

• Morningstar Sustainalytics: 2023 Industry Top-Rated ESG Companies
• Morningstar Sustainalytics: Low Risk ESG Risk Rating
• ISS: Prime Corporate ESG Performance
• Newsweek: America’s Most Responsible Companies 2023
• CDP: B rating Climate Change 2022; B rating for Water Security 2022
• U.S. EPA: 2022 Environmental Merit Award
• NPPR: 2022 Most Valuable Pollution Prevention Award
• NYPA: Corporate Sustainability Leadership Award
• Casella Waste Systems: Sustainability Leadership Award
• Healthiest Employers of the Capital District
• Albany Business Review: New York Capital Region’s Healthiest Employers Award
• Vermont Governor’s Excellence Award
• EHS Today: America’s Safest Companies Award
• Albany Business Review: Women in Leadership Award
• JobsforHer: DivHERsity Award
• Business Council of New York State: Workforce Innovation Award
• Global Equity Organization Awards: Most Innovative Plan Award
• Great Place to Work® Institute Singapore: Great Place to Work – Certificate™
• Albany Business Review: Leader in Diversity, Equity and Inclusion Award
• HIRE Vets: Medallion Award
• HR Online: Employee Experience Awards
• HR Online: HR Excellence Awards
• Capital: Best Employers in Dresden
• Capital/Ausbildung.de: Germany’s Best Companies for Vocational Training
• Frankfurter Allgemeine Zeitung: German Innovation Leaders
• WELT: Best Employers in Germany
• Plan Sponsor Council of America/PNC Bank: Signature Award
• 2022 Philanthropy Award – Gold awarded by Singapore Children’s Cancer Foundation
• Hudson Valley Community College (HVCC): Foundation Philanthropy Award
• Community Chest Singapore: Community Spirit Gold
• Singapore Children’s Cancer Foundation: Appreciation Award Silver
• Lake Champlain Chamber: Community Impact Award
• RBA VAP Audit Recognition (multiple)

Environmental Metrics

ESG Focus Areas

• Climate Change
• Water

Environmental Achievements

• Reduced absolute Scope 1 and Scope 2 GHG emissions by more than 6% compared to 2020 baseline in 2023.
• Reduced annual Scope 1 PFC emissions by more than 47,000 MTCO2e in 2023 at GF Singapore.
• Annualized water saving of more than 341,000 m³ of water in 2023.

Social Achievements

• Not disclosed

Governance Achievements

• Established Board-level ESG goals and accountability for achieving them within the Executive Team's annual goals.

Climate Goals & Targets

Environmental Challenges

• Insufficient data to determine if potential climate-related risks are substantive for the value chain.
• Regional limitations to the feasibility of sunsetting the consumption of fossil fuels for operations.

Mitigation Strategies

• Working with a third party to quantify potential additional costs in a scenario-based climate risk analysis.
• Set Journey to Zero Carbon goal (reducing absolute Scope 1 and Scope 2 GHG emissions by 25% from 2020 to 2030) and 2050 net-zero goal.
• Implementing GHG emission reduction projects across the global manufacturing footprint.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• GF Supplier Code of Conduct, including requirements to conform to the Responsible Business Alliance (RBA) Code

Climate-Related Risks & Opportunities

Physical Risks

• Heat waves
• Wildfires
• Droughts
• Water scarcity
• Heavy rainfall
• Flooding
• Tropical cyclones
• Windstorms
• Heavy snowfall
• Cold waves

Transition Risks

• Carbon pricing mechanisms
• Increased cost of renewable energy

Opportunities

• Potential future opportunity to save carbon costs, leading to potential saving of operating expenditures

Reporting Standards

Frameworks Used: GRI, SASB, TCFD

Certifications: ISO 14001

Third-party Assurance: Third-party limited assurance for Scope 1 and Scope 2 emissions

UN Sustainable Development Goals

• Goal 7
• Goal 6
• Goal 13

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed