Climate Change Data

Dolby Laboratories, Inc.

Climate Impact & Sustainability Data (2019-09-28 to 2020-09-25, 2021-10 to 2022-09, 2022-10-01 to 2023-09-29)

Reporting Period: 2019-09-28 to 2020-09-25

Environmental Metrics

Total Carbon Emissions:10893 tCO2e (Location-Based), 10526 tCO2e (Market-Based)
Scope 1 Emissions:659 tCO2e
Scope 2 Emissions:4371 tCO2e (Location-Based), 4004 tCO2e (Market-Based)
Scope 3 Emissions:5863 tCO2e (Business Travel Only)
Renewable Energy Share:100% for San Francisco and Sunnyvale buildings
Carbon Intensity:2.2 tCO2e/FTE (Location-Based), 2.0 tCO2e/FTE (Market-Based)

ESG Focus Areas

  • People
  • World
  • Company

Environmental Achievements

  • Switched to 100% renewable energy for purchased electricity at San Francisco and Sunnyvale buildings.
  • Reduced business travel emissions by 60% due to COVID-19 travel restrictions.

Social Achievements

  • 93% of grant funding through the Dolby Cares Program served underrepresented groups.
  • Increased employee contributions and company match donations by 15% over 2019.
  • Launched Dolby Together, a global virtual community for employee connection.

Governance Achievements

  • Board of Directors oversees governance issues, including Board independence and composition.
  • Ethics & Compliance Program promotes a culture of integrity and responsible business conduct.
  • Implemented an online portal to track vendor compliance with Dolby security standards.

Climate Goals & Targets

Medium-term Goals:
  • Carbon neutrality by 2030

Environmental Challenges

  • COVID-19 pandemic impacted employee wellbeing, community engagement, and business travel.
  • Addressing systemic racism and promoting diversity, inclusion, and belonging.
Mitigation Strategies
  • Expanded mental wellbeing programs, increased communication, and launched virtual experiences.
  • Provided financial contributions and in-kind support to STEAM education and workforce initiatives.
  • Facilitated conversations about racial justice and implemented actions to increase diversity and inclusion.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Core Option, SASB

Reporting Period: 2021-10 to 2022-09

Environmental Metrics

Scope 1 Emissions:922 tCO2e/year
Scope 2 Emissions:108 tCO2e/year (market-based)
Scope 3 Emissions:76,127 tCO2e/year
Renewable Energy Share:100% (electricity)
Total Energy Consumption:17,889 MWh/year
Carbon Intensity:0.44 tCO2e/FTE employee

ESG Focus Areas

  • Climate Change
  • Environmental Sustainability
  • Governance
  • Social Impact

Environmental Achievements

  • Achieved 100% renewable electricity for global operations three years ahead of plan.
  • Invested in first on-site solar array.
  • Developed science-based targets aligned with SBTi criteria version 5.0.

Social Achievements

  • Expanded bike lockers/shower facilities and bike leasing programs to encourage alternative commuting.
  • Provided free EV charging stations at owned office buildings.

Governance Achievements

  • Board-level oversight of climate-related issues through the Nominating and Governance Committee.
  • Bi-annual ESG and Sustainability updates to the Board.

Climate Goals & Targets

Long-term Goals:
  • Carbon neutral by 2030.
Medium-term Goals:
  • Reduce Scope 1 and 2 emissions by 65% by 2030.
  • Reduce Scope 3 (FERA and Business Travel) emissions by 30% by 2030.
  • Reduce Scope 3 (Use of Sold Products) emissions intensity by 55% by 2030.
  • Engage 55% of suppliers (by emissions) to set SBTs by 2027.
Short-term Goals:
  • Complete TCFD-aligned climate risk assessment by end of 2023.

Environmental Challenges

  • Supply chain disruptions due to climate events (potential, not yet fully assessed).
  • Data limitations from smaller sites and leased office spaces in EMEA and APAC.
Mitigation Strategies
  • Global business continuity and disaster recovery planning.
  • Annual enterprise risk assessment.
  • TCFD-aligned climate risk assessment planned for completion in 2023.

Supply Chain Management

Responsible Procurement
  • Developing climate-related requirements within the next two years.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events (floods, wildfires)
  • Changes in precipitation patterns
Transition Risks
  • Regulatory changes
  • Market shifts
Opportunities
  • Development of energy-efficient products
  • Renewable energy procurement

Reporting Standards

Frameworks Used: Greenhouse Gas Protocol, SBTi, TCFD

Certifications:

Third-party Assurance: Third-party limited assurance (ISO 14064-3)

UN Sustainable Development Goals

  • SDG 7 (Affordable and clean energy)
  • SDG 13 (Climate action)
  • SDG 15 (Life on land)

Initiatives contribute to these goals through renewable energy, emissions reductions, and carbon offsetting projects.

Sustainable Products & Innovation

  • Energy-efficient servers for Cinema products.

Reporting Period: 2022-10-01 to 2023-09-29

Environmental Metrics

Scope 1 Emissions:975 tCO2e/year
Scope 2 Emissions:4,592 tCO2e/year
Scope 3 Emissions:71,211 tCO2e/year
Renewable Energy Share:100%
Total Energy Consumption:18,702 MWh/year

ESG Focus Areas

  • Greenhouse Gas Emissions
  • Sustainability

Environmental Achievements

  • Achieved 100% renewable energy through a combination of direct generation, green tariffs, and renewable energy instruments.

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: World Resources Institute (WRI)/World Business Council for Sustainable Development (WBCSD) Greenhouse Gas Protocol, Corporate Accounting and Reporting Standard (Scope 1 and 2), WRI/WBCSD Corporate Value Chain (Scope 3) Accounting and Reporting Standard

Third-party Assurance: Apex Companies LLC