Sustainability Report Appendix 2022

Appendix 1: GRI Content Index

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
GRI 405: Diversity and equal opportunity (2016)	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
GRI 413: Local communities (2016)	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
GRI 308: Supplier environmental assessment	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
GRI 414: Supplier social assessment	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
GRI 416: Customer health and safety (2016)	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.

For reference to 20-F, please click here.

Appendix 2: SASB Content Index

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
Hazardous waste management	(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
Ecological impacts of project development	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
Materials sourcing	Description of the management of environmental risks associated with the polysilicon supply chain	RR-ST-440a.2	46

On 9 June 2021, the International Integrated Reporting Council (IIRC) and the Sustainability Accounting Standards Board (SASB) officially merged to form the Value Reporting Foundation. More information can be found here

Appendix 3: UNGC Content Index

Topic	Disclosure	Page reference
Human Rights	Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights; and	45-49
Human Rights	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

Appendix 4: Additional data

GRI 305-7: Nitrogen oxides (NOx), sulfur oxides (SOx), and other significant air emissions

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

Due to limitations in data availability, only our Malaysia, FAB 3, facility has comprehensive data on NOx, SOx and other significant air emissions. Maxeon is looking forward to building data in the coming years.