2020 Sustainability Report Appendix

Global Reporting Initiative (GRI) Standards

Global Reporting Initiative (GRI) Standards      
GRI Standards Disclosure Page Reference Disclosure Comments
General Disclosures      
101 Foundation 2016 Maxeon Sustainability Report 2020  
Organisational profile      
102-1 Name of the organisation 8  
102-2 Activities, brands, products, and services 9  
102-3 Location of headquarters 9  
102-4 Location of operations 9  
102-5 Ownership and legal form 8  
102-6 Markets served 10  
102-7 Scale of the organisation 20-F  
102-8 Information on employees and other workers 65, 20-F  
102-9 Supply chain 9, 10  
102-10 Significant changes to the organisation and its supply chain 16  
102-11 Precautionary Principle or approach 23  
102-12 External initiatives 15, 21, 35, 38 - 40, 45, 50, 52, 61 - 63  
102-13 Membership of associations 20-F  
Strategy    
102-14 Statement from senior decision-maker 3 - 7  
Ethics and integrity    
102-16 Values, principles, standards and norms of behaviour 12  
102-17 Mechanisms for advice and concerns about ethics 70 - 73  
Governance    
102-18 Governance structure 13  
102-26 Role of highest governance body in setting purpose, values and strategy 13  
102-30 Effectiveness of risk management processes 20-F  
102-31 Review of economic, environmental, and social topics 13  
102-32 Highest governance body’s role in sustainability reporting 13  
Stakeholder engagement    
102-40 List of stakeholder groups 14  
102-41 Collective bargaining agreements 50  
102-42 Identifying and selecting stakeholders 13  
102-43 Approach to stakeholder engagement 13 - 18  
102-44 Key topics and concerns raised 14  
Reporting practice    
102-45 Entities included in the consolidated financial statements 20-F  
102-46 Defining report content and topic boundaries 8, 23, 65  
102-47 List of material topics 18  
102-48 Restatements of information N/A No restatements of information. This is Maxeon's first standalone sustainability report.
102-49 Changes in reporting N/A Not applicable. This is Maxeon's first standalone sustainability report.
102-50 Reporting period 8  
102-51 Date of most recent report N/A Not applicable. This is Maxeon's first standalone sustainability report.
102-52 Reporting cycle 8  
102-53 Contact point for questions regarding the report 8  
102-54 Claims of reporting in accordance with the GRI standards 8  
102-55 GRI content index Website  
102-56 External assurance - This is Maxeon's first standalone sustainability report. Maxeon will consider reporting assurance for future reports.
       
Material Topic Specific Disclosures      
Energy and Emissions      
103-1 Explanation of the material topic and its boundary 24  
103-2 The management approach and its components 24  
103-3 Evaluation of the management approach 36  
302-1 Energy consumption within the organisation 29, 42  
302-3 Energy intensity 29, 42  
305-1 Direct (Scope 1) GHG emissions 42  
305-2 Energy indirect (Scope 2) GHG emissions 42  
305-3 Other indirect (Scope 3) GHG emissions 42  
305-4 GHG emissions intensity 29, 42  
       
Water Management      
103-1 Explanation of the material topic and its boundary 30  
103-2 The management approach and its components 30  
103-3 Evaluation of the management approach 32  
303-1 Interactions with water as a shared resource 30  
303-3 Water withdrawal 32, 42  
303-4 Water discharge 42  
       
Waste      
103-1 Explanation of the material topic and its boundary 33  
103-2 The management approach and its components 33  
103-3 Evaluation of the management approach 36  
306-2 Waste by type and disposal method 36, 42  
       
Circular Economy      
103-1 Explanation of the material topic and its boundary 37  
103-2 The management approach and its components 37  
103-3 Evaluation of the management approach 41  
       
Occupational Health and Safety      
103-1 Explanation of the material topic and its boundary 47  
103-2 The management approach and its components 47  
103-3 Evaluation of the management approach 49  
403-1 Occupational health and safety management system 47  
403-2 Hazard identification, risk assessment and incident investigation 47 - 48  
403-3 Occupational health services 47 - 48  
403-5 Worker training on occupational health and safety 48  
403-9 Work-related injuries 49, 65  
       
Fair Labour and Human Rights      
103-1 Explanation of the material topic and its boundary 50 - 51  
103-2 The management approach and its components 50 - 51  
103-3 Evaluation of the management approach 53  
407-1 Operations and suppliers in which the right to freedom of association and collective bargaining may be at risk 53  
408-1 Operations and suppliers at significant risk for incidents of child labour 53  
409-1 Operations and suppliers at signficant risk for incidents of forced or compulsory labour 53  
       
Employee Engagement    
103-1 Explanation of the material topic and its boundary 54  
103-2 The management approach and its components 54  
103-3 Evaluation of the management approach 55  
401-2 Benefits provided to full-time employees that are not provided to temporary or part-time employees 54  
       
Learning and Development      
103-1 Explanation of the material topic and its boundary 56  
103-2 The management approach and its components 56  
103-3 Evaluation of the management approach 57  
404-1 Average hours of training per year per employee 57  
       
Diversity and Inclusion      
103-1 Explanation of the material topic and its boundary 58  
103-2 The management approach and its components 58  
103-3 Evaluation of the management approach 60  
405-1 Diversity of governing bodies and employees 65  
       
Community Investment      
103-1 Explanation of the material topic and its boundary 61  
103-2 The management approach and its components 61  
103-3 Evaluation of the management approach 64  
413-1 Operations with local community engagement, impact assessments, and development programmes 45, 61 - 63  
       
Business Integrity and Ethics      
103-1 Explanation of the material topic and its boundary 70  
103-2 The management approach and its components 70  
103-3 Evaluation of the management approach 73  
205-1 Operations assessed for risks related to corruption 73  
205-3 Confirmed incidents of corruption and actions taken 73  
       
Product Quality, Reliability and Safety      
103-1 Explanation of the material topic and its boundary 74 - 75  
103-2 The management approach and its components 74 - 75  
103-3 Evaluation of the management approach 77  
416-2 Incidents of non-compliance concerning the health and safety impacts of products and services 77  
       
Sustainable Innovation      
103-1 Explanation of the material topic and its boundary 78  
103-2 The management approach and its components 78  
103-3 Evaluation of the management approach 81  
       
Customer Engagement and Satisfaction      
103-1 Explanation of the material topic and its boundary 82  
103-2 The management approach and its components 82  
103-3 Evaluation of the management approach 84  
For reference to 20-F, please click here.

Sustainability Accounting Standard Board (SASB) - Renewable Resources & Alternative Energy Industry (Solar Technology & Project Developers)

Sustainability Accounting Standard Board Renewable Resources & Alternative Energy Industry Solar Technology & Project Developers    
Topic Accounting Metric Code Page Reference Disclosure Comments
Energy Management in Manufacturing (1) Total energy consumed, (2) percentage grid
electricity, (3) percentage renewable		 RR-ST-130a.1 42  
Water Management in Manufacturing (1) Total water withdrawn, (2) total water
consumed, percentage of each in regions with
High or Extremely High Baseline Water Stress		 RR-ST-140a.1 42  
Description of water management risks and discussion of strategies and practices to mitigate those risks RR-ST-140a.2 30 - 31  
Hazardous Waste Management Amount of hazardous waste generated, percentage recycled RR-ST-150a.1 42  
Number and aggregate quantity of reportable spills, quantity recovered RR-ST-150a.2 - 0
Ecological Impacts of Project Development Number and duration of project delays related to ecological impacts RR-ST-160a.1 N/A

Not material to Maxeon's scope of current business operations
Description of efforts in solar energy system project development to address community and ecological impacts RR-ST-160a.2
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
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
Product End-of-life
Management		 Percentage of products sold that are recyclable
or reusable		 RR-ST-410b.1 - 95%
Weight of end-of-life material recovered,percentage recycled RR-ST-410b.2 N/A Not relevant to Maxeon as we work with local recycling experts in the countries where we operate
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 37 - 41  
Materials Sourcing Description of the management of risks associated with the use of critical materials RR-ST-440a.1 23  
Description of the management of environmental risks associated with the polysilicon supply chain RR-ST-440a.2 23  
Activity Metric Total capacity of photovoltaic (PV) solar modules produced RR-ST-000.A 81  
Total capacity of completed solar energy systems RR-ST-000.B N/A

Not material to Maxeon's scope of current business operations
Total project development assets RR-ST-000.C N/A
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

United Nations Global Compact Ten Principles

United Nations Global Compact Ten Principles
Principle Description Page Reference
Human Rights    
Principle 1 Businesses should support and respect the protection of internationally proclaimed human rights; and 18, 46, 50
Principle 2 make sure that they are not complicit in human rights abuses. 53
Labour    
Principle 3 Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining; 18, 50
Principle 4 the elimination of all forms of forced and compulsory labour; 50
Principle 5 the effective abolition of child labour; and 50
Principle 6 the elimination of discrimination in respect of employment and occupation. 58 - 59
Environment    
Principle 7 Businesses should support a precautionary approach to environmental challenges; 18, 22
Principle 8 undertake initiatives to promote greater environmental responsibility; and 21 - 41
Principle 9 encourage the development and diffusion of environmentally friendly technologies. 25 - 26, 30 - 31, 35, 38 - 39
Anti-Corruption    
Principle 10 Businesses should work against corruption in all its forms, including extortion and bribery. 18, 56, 69 - 73