Climate Change Data

Environmental Metrics

ESG Focus Areas

• Energy Efficiency and Carbon Reduction
• Waste and Water Consumption Reduction
• Employee Wellbeing
• Community Engagement
• Supply Chain Responsibility
• Product Sustainability

Environmental Achievements

• Tijuana plant achieved a 6.0% reduction in energy use per unit produced compared to FY17.
• Achieved a 94.3% waste recycling rate at the Tijuana plant.
• 1.7 MW solar array installed at Framingham headquarters.
• Replaced plastic void filler with recycled paper at European Distribution Center, reducing plastic use by approximately three metric tons annually.

Social Achievements

• 90% of managers completed people management training.
• 23 times as many people benefited from community programs compared to FY17.
• Launched a global technology hub for employee health and wellness.
• Employees volunteered 1,800 hours of support to 39 community projects in Framingham.

Governance Achievements

• Established a Supplier Code of Conduct based on the Responsible Business Alliance’s Code of Conduct.
• Implemented a systematic and ongoing practice to identify and voluntarily reduce or phase out environmentally unfriendly substances.

Climate Goals & Targets

Environmental Challenges

• Data limitations in tracking energy and carbon data across all operations.
• Reducing environmental impact of transportation.
• Balancing packaging needs with sustainability goals.

Mitigation Strategies

• Scaling up tracking capabilities for energy and carbon data.
• Improving transportation network performance by cutting distances and using more energy-efficient modes.
• Customizing a third-party tool to assess environmental tradeoffs of alternative packaging materials.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 14001 (Tijuana plant)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• SoundLink Revolve+ Bluetooth speakers (LCA conducted)
• Energy Efficient Series Sound System for Chevrolet Volt
• Bose Personal System for Nissan Micra

Awards & Recognition

• 2018 innovation award for Bose noise-masking sleepbuds™

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Economic

Environmental Achievements

• Installed a 1.7 MW solar panel array at Framingham campus
• Tijuana plant exceeded FY20 energy reduction goal by reducing energy use per unit by 16%
• Tijuana plant achieved a 93.5% recycling rate

Social Achievements

• Tijuana plant exceeded expectations for community support initiatives, providing charitable funding to multiple hospitals and foundations
• 94% of managers at Tijuana plant completed people management training
• Framingham employees volunteered 1,560 service hours (47% increase from previous year)

Governance Achievements

• Integrated sustainability considerations into annual strategy planning for manufacturing, global supply chain, and global sales functions
• Conducted a formal life-cycle assessment (LCA) of the SoundLink® Revolve+ Bluetooth speaker

Climate Goals & Targets

Environmental Challenges

• Data limitations for energy and carbon data; scaling up tracking capabilities

Mitigation Strategies

• Bose is in the midst of scaling up tracking capabilities for energy and carbon data, and plans to expand the number of sites included in its reporting.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Global Reporting Initiative (GRI)

Sustainable Products & Innovation

• Bose Sleepbuds™
• Bose Hearphones™

Awards & Recognition

• 2018 Bose Hearphones™ Gold Medal Winner in Social Innovation Sub-category: Communication Enhancement (Edison Awards)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Economic

Environmental Achievements

• Reduced energy consumption by 11.6% per unit produced at Tijuana manufacturing plant (against FY17 baseline)
• Absolute carbon emissions decreased by 13% to 17,700 tonnes CO2e
• Carbon emissions intensity dropped 12% to 0.0064 tonnes CO₂e per square foot
• Switched from polybag film air pillows to brown kraft paper filler in US distribution centers, eliminating 650,000 square feet of plastic film annually
• Tijuana plant achieved 93.5% recycling rate in FY21

Social Achievements

• Formalized Inclusion, Equity & Diversity program
• Provided mental health support and other wellbeing resources to employees during the pandemic
• Launched BoseGives platform for employee-led giving
• 80¢ Campaign in Tijuana raised funds for medical treatments

Governance Achievements

• Global completion rate for ethics trainings was 99%

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to COVID-19
• Pandemic-mandated shutdowns and closures impacting emissions data
• Water risk in four Bose locations

Mitigation Strategies

• Established a task force to evaluate COVID-19 risk and create a comprehensive plan of action
• Daily communications and biweekly reports on suppliers’ operation status
• Implemented water risk assessment and reduction initiatives

Supply Chain Management

Supplier Audits: Four suppliers completed risk assessment for seventeen sites (over 80% of direct spend)

Responsible Procurement

• Supplier Code of Conduct based on RBA Code of Conduct
• Mandatory CSR training for suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Bose Certified Refurbished products
• Sleepbuds II
• Bose Sport Open Earbuds
• Bose Frames

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Change
• Product Circularity
• Diversity, Equity, Inclusion, and Belonging (DEI&B)

Environmental Achievements

• Reduced Scope 1 and Scope 2 carbon emissions by more than 5.5% from the base year.
• Achieved almost 90% recycling rate of generated waste in Tijuana.
• Eliminated single-use plastics from corporate cafeterias in Framingham and substituted with compostable alternatives.
• Completed energy audits at Framingham headquarters and Tijuana manufacturing site, identifying over 20 efficiency opportunities in Framingham resulting in annual savings of over 120,000 kWh and approximately 500,000 kWh in Tijuana.

Social Achievements

• Delivered 55 awareness-focused DEI&B workshops in six languages, with 86% of managers and 75% of non-managers participating.
• Launched Integrated Health Program at Tijuana production site, covering physical, mental, and psycho-emotional health.
• Hosted events celebrating Black History Month, Women’s History Month, Asian and Pacific Islander Heritage Month, and LGBTQIA+ Pride Month.

Governance Achievements

• 99% global completion rate for all-employee ethics and compliance trainings.
• Maintained ISO 14001 certification at Tijuana manufacturing site.
• Received an EcoVadis Silver Medal, placing in the top 25% of assessed companies.

Climate Goals & Targets

Environmental Challenges

• Increased Scope 1 and Scope 2 emissions due to increased production volume in Tijuana and increased office occupancy in Framingham.
• Data limitations and challenges in monitoring Scope 3 emissions.
• Potential water risk at four Bose locations identified through water risk assessment.

Mitigation Strategies

• Developing action plans to achieve 42% reduction in Scope 1 and Scope 2 emissions by 2030 and 25% reduction in Scope 3 emissions by 2030.
• Expanding tracking capabilities for energy, carbon, and waste data to include additional sites globally.
• Exploring innovative approaches to offset emissions and improve energy efficiency.
• Engaging with suppliers to reduce packaging volumes and exploring opportunities to reduce water consumption in high-consumption areas.

Supply Chain Management

Supplier Audits: 80% of business partners completed Self-Assessment Questionnaire (SAQ).

Responsible Procurement

• Supplier Code of Conduct aligned with RBA Code of Conduct.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 14001

Awards & Recognition

• EcoVadis Silver Medal
• Nissan Sustainability Certificate