2022 Sustainability Report Appendix

GRI Content Index

GRI Standard

Disclosure

Page number and/or URL

General Disclosures

GRI 2: General disclosures

The organisation and its reporting practices

2-1

Organisational details

5, 7

2-2

Entities included in the organization’s sustainability reporting

7

2-3

Reporting period, frequency, and contact point

5

2-4

Restatements of Information

5

2-5

External Assurance

5

Activities and Workers

2-6

Activities, value chain and other business relationships

7, 8

2-7

Employees

60, 65

2-8

Workers who are not employees

Maxeon currently has a total of 438 temporary employees. Our temporary employees are currently managed by a third-party vendor which provides limited data on the breakdown of employees.

Governance

2-9

Governance structure and composition

10, 71-74

2-10

Nomination and selection of the highest governance body

72, 73

2-11

Chair of the highest governance body

72

2-12

Role of the highest governance body in overseeing the management of impacts

10, 11

2-13

Delegation of responsibility for managing impacts

10, 72-73

2-14

Role of the highest governance body in sustainability reporting

10

2-15

Conflicts of Interest

73

2-16

Communication of critical concerns

10-12, 75, 77

2-17

Collective knowledge of the highest governance body

73, 78

2-18

Evaluation of the performance of the highest governance body

73

2-19

Remuneration policies

73

2-20

Process to determine remuneration

73

2-21

Annual total compensation ratio

Due to confidentiality constraints, we have omitted disclosing further details pertaining to our remuneration practices this financial year and we are working to disclose them.

Strategy, policies, and practices

2-22

Statement on sustainable development strategy

3, 4

2-23

Policy commitments

9, 45, 72

2-24

Embedding policy commitments

45

2-25

Processes to remediate negative impacts

45-46, 75

2-26

Mechanisms for seeking advice and raising concerns

46, 75

2-27

Compliance with laws and regulations

75

2-28

Membership associations

5

Stakeholder engagement

2-29

Approach to stakeholder engagement

11

2-30

Collective bargaining agreements

All employees have the right to collective bargaining as per our Global Human Rights Policy. No employees have chosen to be covered by collective bargaining agreements.

Disclosures on Material Topics

GRI 3: Material Topics 2021

3-1

Process to determine material topics

12

3-2

List of material topics

12, 14-16

3-3

Management of material topics

Please refer to respective material topics, “Management Approach”

Material Topics

Emissions & Energy

GRI 3: Material Topics 2021

3-3

Management of material topics

25

GRI 302: Energy (2016)

302-1

Energy consumption within the organisation

26

302-2

Energy consumption outside of the organisation

Maxeon has no energy consumption outside of the organisation

302-3

Energy intensity

34

302-4

Reduction of energy consumption

26

GRI 305: Emissions (2016)

305-1

Direct (Scope 1) GHG emissions

14, 35

305-2

Energy indirect (Scope 2) GHG emissions

14, 35

305-3

Other indirect (Scope 3) GHG emissions

14, 35

305-4

GHG emissions intensity

35

305-5

Reduction of GHG emissions

26, 35

305-6

Emissions of ozone-depleting substances (ODS)

Not currently tracked by Maxeon

305-7

Nitrogen oxides (NOx), sulfur oxides (SOx), and other significant air emissions

Please refer to Appendix 4: Additional data

Water management

GRI 3: Material Topics 2021

3-3

Management of material topics

27

GRI 303: Water and effluents (2018)

303-1

Interactions with water as a shared resource

27-28

303-2

Management of water discharge-related impacts

27-28

303-3

Water withdrawal

36

303-4

Water discharge

27, 36

303-5

Water consumption

36

Waste

GRI 3: Material Topics 2021

3-3

Management of material topics

29

GRI 303: Waste (2020)

306-1

Waste generation and significant waste-related impacts

29-31

306-2

Management of significant waste-related impacts

29-31

306-3

Waste generated

37

306-4

Waste diverted from disposal

37-38

306-5

Waste directed to disposal

37-38

Occupational health and safety

GRI 3: Material Topics 2021

3-3

Management of material topics

42

GRI 403: Occupational health and safety (2018)

403-1

Occupational health and safety management system

42-44

403-2

Hazard identification, risk assessment, and incident investigation

43-44

403-3

Occupational health services

44

403-4

Worker participation, consultation and communication on occupational health and safety

44

403-5

Worker training on occupational health and safety

44

403-6

Promotion of worker health

44

403-7

Prevention and mitigation of occupational health and safety impacts directly linked by business relationships

42-44

403-8

Workers covered by an occupational health and safety management system

42, 44, 67

403-9

Work-related injuries

44, 67-68

403-10

Work-related ill health

67, 68

Employee engagement

GRI 3: Material Topics 2021

3-3

Management of material topics

50

GRI 401: Employment (2016)

401-1

New employee hires and employee turnover

69

401-2

Benefits provided to full-time employees that are not provided to temporary or part-time employees

50-52

401-3

Parental leave

Maxeon does not currently track parental leave but is working to disclose them in the next year.

Learning and development

GRI 3: Material Topics 2021

3-3

Management of material topics

54

GRI 404: Training and education (2016)

404-1

Average hours of training per year per employee

55

404-2

Programs for upgrading employee skills and transition assistance programs

54

404-3

Percentage of employees receiving regular performance and career development reviews

51

Based on our data, 65% of Maxeon’s employees have talent development and career conversations and reviews. We are currently improving our data to capture employee data by gender and by category in relation to this, and will strive to disclose this data in the coming sustainability reports.

GRI 405: Diversity and equal opportunity (2016)

405-1

Diversity of governance bodies and employees

57-60, 65-66

405-2

Ratio of basic salary and remuneration of women to men

Due to confidentiality constraints, we have omitted disclosing further details pertaining to our remuneration practices this financial year and we are working to disclose them in the next year.

Fair labor and human rights

GRI 3: Material Topics 2021

3-3

Management of material topics

45

GRI 406: Non-discrimination (2016)

406-1

Incidents of discrimination and corrective actions taken

47, 60

GRI 408: Child labour (2016)

408-1

Operations and suppliers at significant risk for incidents of child labor

46, 48

GRI 409: Forced or compulsory labour (2016)

409-1

Operations and suppliers at significant risk for incidents of forced or compulsory labor

46, 48

GRI 419: Socio-economic compliance

419-1

Non-compliance with laws and regulations in the social and economic area

15, 48

Community investment

GRI 3: Material Topics 2021

3-3

Management of material topics

61

GRI 413: Local communities (2016)

413-1

Operations with local community engagement, impact assessments, and development programs

61-64

413-2

Operations with significant actual and potential negative impacts on local communities

64

Business integrity and ethics

GRI 3: Material Topics 2021

3-3

Management of material topics

75

GRI 205: Anti-corruption (2016)

205-1

Operations assessed for risks related to corruption

76

205-2

Communication and training about anti-corruption policies and procedures

75, 77

205-3

Confirmed incidents of corruption and actions taken

76

GRI 206: Anti-competitive behaviour (2016)

206-1

Legal actions for anti-competitive behavior, anti-trust, and monopoly practices

77

Product quality, reliability and safety

GRI 3: Material Topics 2021

3-3

Management of material topics

79

GRI 308: Supplier environmental assessment

308-1

New suppliers that were screened using environmental criteria

77

308-2

Negative environmental impacts in the supply chain and actions taken

46, 75

GRI 414: Supplier social assessment

414-1

New suppliers that were screened using social criteria

77

414-2

Negative social impacts in the supply chain and actions taken

46, 75, 77

Customer engagement and satisfaction

GRI 3: Material Topics 2021

3-3

Management of material topics

83

GRI 416: Customer health and safety (2016)

416-1

Assessment of the health and safety impacts of product and service categories

80

416-2

Incidents of non-compliance concerning the health and safety impacts of products and services

80

GRI 418: Customer privacy

418-1

Substantiated complaints concerning breaches of customer privacy and losses of customer data

85

Maxeon is not aware of any complaints or notices regarding breaches in customer personal data as of December 2022.

Topic

Accounting metric

SASB Code

Page reference

Energy management in manufacturing

Total energy consumed

RR-FC-130a.1

34

Percentage grid electricity

34

Percentage renewable

34

Water management in manufacturing

Total water withdrawn

RR-ST-140a.1

36

Total water consumed

36

Percentage of each in regions of High or Extremely High Baseline Water Stress

36

Description of water management risks and discussion of strategies and practices to mitigate those risks

RR-ST-140a.2

27

Hazardous waste management

(1) Amount of hazardous waste generated

(2) Percentage recycled

RR-ST-150a.1

37

(1) Number and aggregate quantity of reportable spills

(2) Quantity recovered

RR-ST-150a.2

Zero waste spills

Ecological impacts of project development

Number and duration of project delays related to ecological impacts

RR-ST-160a.1

Zero

Description of efforts in solar energy system project development to address community and ecological impacts

RR-ST-160a.2

61-63

Management of Energy Infrastructure Integration & Related Regulations

Description of risks associated with integration of solar energy into existing energy infrastructure and discussion of efforts to manage those risks

RR-ST-410a.1

42-44

Description of risks and opportunities associated with energy policy and its impact on the integration of solar energy into existing energy infrastructure

RR-ST-410a.2

14, 18, 25-26, 71, 81-82

Product end-of-life management

Percentage of products sold that are recyclable or reusable

RR-ST-410b.1

>95%

(1) Weight of end-of-life material recovered

(2) Percentage recycled

RR-ST-410b.2

38

Percentage of products by revenue that contain IEC 62474 declarable substances, arsenic compounds, antimony compounds, or beryllium compounds

RR-ST-410b.3

<1%

Description of approach and strategies to design products for high-value recycling

RR-ST-410b.4

80

Materials sourcing

Description of the management of risks associated with the use of critical materials

RR-ST-440a.1

6

Description of the management of environmental risks associated with the polysilicon supply chain

RR-ST-440a.2

46

Topic

Disclosure

Page reference

Human Rights

Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights; and

45-49

Principle 2: make sure that they are not complicit in human rights abuses.

45-49

Labour

Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;

45

Principle 4: the elimination of all forms of forced and compulsory labour;

45-48

Principle 5: the effective abolition of child labour; and

45-48

Principle 6: the elimination of discrimination in respect of employment and occupation

57-60

Environment

Principle 7: Businesses should support a precautionary approach to environmental challenges

12

Principle :8: undertake initiatives to promote greater environmental responsibility; and

17-33

Principle 9: encourage the development and diffusion of environmentally friendly technologies

18, 71, 81-82

Anti-corruption

Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery.

75-77

Metric

Malaysia (FAB 3)

Philippines (FAB 4 )

Mexico (SPMX1)

Mexico (SPMX2)

Total 2022

NOX (Kg/m3)

337,000

8

0

0

337,008

SOX (kg or multiples)

0

9

0

0

9

Persistent organic pollutants (POP)

0

0

0

0

0

Volatile organic compounds (VOC) (Kg/m3)

109,600

0

22,821

1770

134,191

Hazardous air pollutants (HAP) (Kg/m3)

5,920

0

0

0

5,920

Particulate matter (PM) (Kg/m3)

57,400

55

1,940

0

59,395