Sustainability Report Appendix 2023

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 

5

2-3 

Reporting period, frequency, and contact point 

5 

2-4 

Restatements of Information 

5, 31, 70, 71

2-5 

External Assurance 

5 

Activities and Workers 

2-6 

Activities, value chain and other business relationships 

5 

2-7 

Employees 

80

Note that employee data has been captured using the headcount methodology and is accurate as of the end of the reporting period (31st Dec)

2-8 

Workers who are not employees 

45

Governance 

2-9 

Governance structure and composition 

10, 94, 96

More information on Maxeon’s Board members, including each individual’s relevant competencies and other significant positions and commitments, can be found our website at https://www.maxeon.com. 

2-10 

Nomination and selection of the highest governance body 

94, 95

2-11 

Chair of the highest governance body 

94

2-12 

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

10

2-13 

Delegation of responsibility for managing impacts 

10 

2-14 

Role of the highest governance body in sustainability reporting 

10

2-15 

Conflicts of Interest 

95

2-16 

Communication of critical concerns 

96, 98 

2-17 

Collective knowledge of the highest governance body 

10

2-18 

Evaluation of the performance of the highest governance body 

95

2-19 

Remuneration policies 

95

2-20 

Process to determine remuneration 

94, 95

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 as appropriate in the future.  

Strategy, policies, and practices 

2-22 

Statement on sustainable development strategy 

3

2-23 

Policy commitments 

47, 48, 49 

2-24 

Embedding policy commitments 

47, 48, 49

2-25 

Processes to remediate negative impacts 

47, 48, 49, 98

2-26 

Mechanisms for seeking advice and raising concerns 

98

2-27 

Compliance with laws and regulations 

99

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 

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 

21

GRI 302: Energy (2016) 

302-1 

Energy consumption within the organisation 

30

302-2 

Energy consumption outside of the organisation 

Maxeon has no energy consumption outside of the organisation 

302-3 

Energy intensity  

30

302-4 

Reduction of energy consumption 

20 

GRI 305: Emissions (2016) 

305-1  

Direct (Scope 1) GHG emissions 

20, 30

305-2 

Energy indirect (Scope 2) GHG emissions 

20, 30 

305-3 

Other indirect (Scope 3) GHG emissions 

20, 30 

305-4 

GHG emissions intensity 

20, 30

305-5 

Reduction of GHG emissions 

20, 30 

305-6 

Emissions of ozone-depleting substances (ODS) 

Not currently tracked by Maxeon 

305-7 

Nitrogen oxides (NOx), sulphur 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 

21

GRI 303: Water and effluents (2018)  

303-1 

Interactions with water as a shared resource 

22, 32

303-2 

Management of water discharge-related impacts 

23, 32

303-3 

Water withdrawal 

32

303-4 

Water discharge 

32

303-5 

Water consumption 

32 

Waste 

GRI 3: Material Topics 2021 

3-3 

Management of material topics 

24

GRI 303: Waste (2020) 

306-1 

Waste generation and significant waste-related impacts 

26, 33

306-2 

Management of significant waste-related impacts 

26, 33

306-3 

Waste generated 

33

306-4 

Waste diverted from disposal 

33 

306-5 

Waste directed to disposal  

33

Occupational health and safety 

GRI 3: Material Topics 2021 

3-3 

Management of material topics 

39

GRI 403: Occupational health and safety (2018) 

403-1 

Occupational health and safety management system 

39,40

403-2 

Hazard identification, risk assessment, and incident investigation 

40,41

403-3 

Occupational health services 

41

403-4 

Worker participation, consultation and communication on occupational health and safety 

41

403-5 

Worker training on occupational health and safety 

41

403-6 

Promotion of worker health 

57

403-7 

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

40

403-8 

Workers covered by an occupational health and safety management system 

43, 44,45,46

403-9 

Work-related injuries 

43, 44,45,46

403-10 

Work-related ill health 

40

Employee engagement 

GRI 3: Material Topics 2021 

3-3 

Management of material topics 

53

GRI 401: Employment (2016) 

401-1 

New employee hires and employee turnover 

59

401-2 

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

79

401-3 

Parental leave 

79 

Learning and development 

GRI 3: Material Topics 2021 

3-3 

Management of material topics 

53 

GRI 404: Training and education (2016) 

404-1 

Average hours of training per year per employee 

61

404-2 

Programs for upgrading employee skills and transition assistance programs 

54 

404-3 

Percentage of employees receiving regular performance and career development reviews 

72 

GRI 405: Diversity and equal opportunity (2016) 

405-1 

Diversity of governance bodies and employees 

75,76

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. 

Fair labour 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 labour 

46, 48 

GRI 409: Forced or compulsory labour (2016)   

409-1 

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

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 

81

GRI 413: Local communities (2016) 

413-1 

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

82, 83, 84, 85, 86, 87

413-2 

Operations with significant actual and potential negative impacts on local communities 

89

Business integrity and ethics 

GRI 3: Material Topics 2021 

3-3 

Management of material topics 

97

GRI 205: Anti-corruption (2016) 

205-1 

Operations assessed for risks related to corruption 

100

205-2 

Communication and training about anti-corruption policies and procedures 

100, 101, 102

205-3 

Confirmed incidents of corruption and actions taken 

99

GRI 206: Anti-competitive behaviour (2016) 

206-1 

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

102

Product quality, reliability and safety 

GRI 3: Material Topics 2021 

3-3 

Management of material topics 

105

GRI 308: Supplier environmental assessment 

308-1 

New suppliers that were screened using environmental criteria 

103

308-1 

Negative environmental impacts in the supply chain and actions taken 

103

GRI 414: Supplier social assessment 

414-1 

New suppliers that were screened using social criteria 

103

414-2 

Negative social impacts in the supply chain and actions taken 

103

Customer engagement and satisfaction 

GRI 3: Material Topics 2021 

3-3 

Management of material topics 

110

GRI 416: Customer health and safety (2016) 

416-1 

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

N/A

416-2 

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

106

GRI 418: Customer privacy 

418-1

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

Maxeon has not received any substantiated complaints concerning breaches of customer privacy. 

Topic 

Accounting metric 

SASB Code 

Page reference 

Energy management in manufacturing 

Total energy consumed 

RR-FC-130a.1 

30

Percentage grid electricity 

30 

Percentage renewable 

30 

Water management in manufacturing 

Total water withdrawn 

RR-ST-140a.1 

32

Total water consumed 

32 

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

32 

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

RR-ST-140a.2 

21

Hazardous waste management 

(1) Amount of hazardous waste generated 

(2) Percentage recycled 

RR-ST-150a.1 

33

(1) Number and aggregate quantity of reportable spills 

(2) Quantity recovered 

RR-ST-150a.2 

23, 

1 waste effluent spill

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 

84, 85, 86, 87

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 

39, 40

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 

18, 98

Product end-of-life management 

Percentage of products sold that are recyclable or reusable 

RR-ST-410b.1 

NA

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

(2) Percentage recycled 

RR-ST-410b.2 

34

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

RR-ST-410b.3 

NA

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

RR-ST-410b.4 

105

Materials sourcing 

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

RR-ST-440a.1 

105

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

RR-ST-440a.2 

NA

Topic 

Disclosure 

Page reference 

Human Rights 

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

47-52

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

47-52

Labour 

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

47

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

47-52

Principle 5: the effective abolition of child labour; and 

47-52

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

74-80 

Environment 

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

12 

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

17-29 

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

93, 106-108 

Anti-corruption 

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

96-103 

Metric 

Malaysia  

(FAB 3) 

Philippines (FAB 4 ) 

Mexico (SPMX1) 

Mexico (SPMX2) 

Total FY2023

NOX (Kg/m3) 

736 mg/m3

0.000736 kg/m3

NA

NA

NA

NA

SOX (kg or multiples) 

NA

NA

NA

NA

NA

Persistent organic pollutants (POP) 

NA

NA

NA

NA

NA

Volatile organic compounds (VOC) (Kg/m3) 

78.20 mg/m3

0.0000782 kg/m3

NA

NA

NA

NA

Hazardous air pollutants (HAP) (Kg/m3) 

4.62 mg/m3

0.00000462 kg/m3

NA

NA

NA

NA

Particulate matter (PM) (Kg/m3) 

111.8 mg/m3

0.0001118 kg/m3

NA

NA

NA

NA