Logitech FY20 User Manual

SUSTAINABILITY REPORT FY20

We want to make sustainability pervasive across all our activities and a reection of our culture. We are reimagining how we source, manufacture, distribute and recycle, to positively improve the carbon, toxicity, circularity and social impact of our operations.

2 Logitech Sustainability Report FY20

Introduction Products and

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CONTENTS

INTRODUCTION

06 Statement from Bracken Darrell 08 FY20 Highlights 10 Company Structure 12 Logitech in Figures

14 Sustainability at Logitech 28 Stakeholder Engagement 32 Materiality Assessment

PRODUCTS & THE ENVIRONMENT

38 Statement from

40 Design for Sustainability (DfS) 49 Responsible Packaging 53 Avoiding Targeted Substances 57 End-of-life Recycling 61 Responsible Manufacturing 65 Climate Action 74 Carbon Transparency

People and society

Prakash Arunkundrum

About this report

PEOPLE & SOCIETY

78 Ethics 82 Privacy and Security 84 Employee Safety,

Health and Wellbeing

86 Conict Minerals 89 Human Rights and Labor 95 Supplier Development 98 Statement from Kirsty Russell 100 Diversity and Inclusion 104 Talent Development 108 Giving Back

ABOUT THIS REPORT

116 About this Report 120 Data

Logitech Sustainability Report FY20 3

INTRODUCTION

4 Logitech Sus tainabilit y Report FY20

Introduction Products and

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People and society

About this report

Logitech Sustainability Report FY20 5

As a company, we believe positive change is necessary. Change for the environment. Change for inclusion. And an equal playing eld for all. The world needs companies to stand up for environmental sustainability and diversity. And Logitech is.

Bracken Darrell

President and Chief Executive Ocer

Introduction Products and

the environment

People and society

About this report

This is our twelfth sustainability

report. Logitech’s culture has long reected our Swiss roots: humble, hard-working and growth-minded. In fact, it took us over a decade of progress to decide we were ready to speak out beyond this report about our sustainability progress and ambitions. Before that, we quietly worked inside our factory walls and oces to reduce our impact on the environment.

About a year ago, we decided

that quietly working hard on sustainability wasn’t enough.

The world isn’t moving fast

enough to address the environmental and societal challenges that we all face. As much as we’ve done and as far we’ve come, we at Logitech aren’t moving fast enough either.

So we decided to be more vocal. We stepped (a little timidly) into the public eye and made promises. Last year, we announced support of the Paris

Agreement, pledging to reduce

our corporate carbon footprint to support the ambitious goal of limiting global warming to 1.5 °C. We announced we will be powered exclusively by renewable electricity by

2030. And we let the world know we have neutralized the carbon footprint of our entire gaming product portfolio and will neutralize more of our business as we move ahead.

After being ranked fth out of 145 tech companies for sustainability performance by Sustainalytics, we decided we would take further steps toward showing leadership in this area. We announced our carbon transparency commitment and became the rst consumer electronics company to commit to providing carbon footprint

labels on product packaging across our entire portfolio. Our vision is a world where everything is labeled with its carbon impact (or neutrality),

like calories on food labels. We believe transparency in this area will drive competition to reduce product carbon footprints and will give consumers the information to make choices based on not just features and price, but also environmental impact. We called on companies in every industry to join with us, for only together can we realize the change that is desperately needed.

We recognize that our business growth does not come without an environmental impact. While we have made progress, we have only just begun to hit our stride in designing our products and our organization for sustainability.

Just as we are working toward a better planet, we are also working to do better for all

people. We foster diversity within Logitech but have much more to do to ensure we better represent the communities we serve. We are becoming an outspoken champion for inclusion outside our own walls through corporate giving, supplier diversity programs, accessible products, and much more to come. We commit to being transparent in our eorts and expect to be held accountable for signicant improvement in the years ahead.

We are a company of committed believers that constant change is necessary. Change for the environment. Change for inclusion and equal playing eld for all. While we want Logitech to be an inspiring company making a dierence, we will remain a humble company always learning and growing.

Bracken Darrell

President and Chief Executive Ocer

Logite ch Sustainability Report FY20 7

SUSTAINABILITY

FY20 Highlights

CARBON TRANSPARENCY

Corporate pledge to

0.00

kg C02e

Carbon Neutral

share and communicate the carbon impact of our products

CLIMATE ACTION

• Science-based reduction target for Scope 1 and 2

• 88% renewable electricity

REDUCE

• Scope 3 inventory disclosed

• 3rd-Party-certied carbon calculator for distribution activities

RENEW

• Carbon Neutral Production Facility and Travel

DESIGN FOR SUSTAINABILITY DfS

Design process updated to include environmental performance as a core design goal

Sustainable Design Principles established as a framework for product development

New calculator tools to rapidly assess carbon and circularity during concept development

Roadmap for future low impact product materials

RESTORE

TARGETED SUBSTANCE REDUCTION

• Gaming products CarbonNeutral ©

73%

reduction in Targeted Substances since CY10

131t

of PVC eliminated in CY19

POSTCONSUMER RECYCLED PCR PLASTIC:

3 additional product lines transitioned to PCR

RESPONSIBLE PACKAGING:

• Logitech sustainable packaging design guidelines established and socialized.

• 3 additional product lines launched with FSC-certied packaging

8 Logitech Sus tainabilit y Report FY20

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GLOBAL RECYCLING

tons nanced since CY10

30,992

electrical devices

2,797

batteries

16,993

packaging

CONFLICT MINERALS

98%

of smelters certied conic t-free

100%

• Direct suppliers engaged

• Conict-free tantalum

• Conict-free tungsten

AWARDS & ACKNOWLEDGEMENTS

• World Finance Leadership Award for Sustainability in the Technology Sector

• FTSE4Good index listed

• Ecovadis gold rated

• Sustainalytics 96th Percentile Leader

TALENT DEVELOPMENT

12,000+

employees training hours worldwide

SUPPLIER DEVELOPMENT

RBA Code of Conduct

100%

of our major suppliers audited in CY19

GIVING BACK

Give back events with 400+ volunteers in 13 cities and 9 countries

Logite ch Sustainability Report FY20 9

COMPANY STRUCTURE

Logitech is a world leader in designing, manufacturing and marketing products that help connect people to digital and cloud experiences.

Almost 40 years ago, Logitech

created products to improve experiences around the personal computer (PC) platform.

Today we are a multi-brand,

multi-category company. We design products that enable better experiences consuming, sharing and creating any digital content, including computing, gaming, video and music, whether it is on a computer, mobile device or in the cloud.

Logitech was founded in Switzerland in 1981. Our registered

oce and holding company (Logitech International S.A.) is in Apples, Switzerland. Logitech Inc.

is our principal, wholly-owned

subsidiary in the United States.

Our global footprint extends

across North and South America,

EMEA (Europe, Middle East

and Africa) and Asia Pacic.

We employ more than 6,600

people, including more than 3,000 at our production facility.

Our network of oces includes

24 Principal Oces (i.e. oces

with more than 20 occupants)

and a number of smaller (sales-

focused) oces worldwide.

Shares of Logitech International

S.A. are listed on the SIX Swiss

Exchange (trading symbol:

LOGN) and on the Nasdaq

Global Select Market (trading

symbol: LOGI).

As of 31 March 2020, our total capitalization was $1,489 million USD, funded 100% by equity, with zero debt. Total net sales for FY20 were $2.98 billion.

From our humble beginnings as a Swiss hardware company, we now create products across the following ve

large market opportunities.

The Logitech family currently comprises seven master brands: Logitech, Logitech G, ASTRO Gaming, Streamlabs, Blue Microphones, Jaybird, and Ultimate Ears.

Creativity and Productivity

With ever-increasing connectivity and consistent growth in time spent by people on computing platforms, we continue to innovate and grow market share for pointing devices, keyboards/ combos, tablets and other accessories and webcams.

We sell our products to a broad network of domestic and international customers, including direct sales to retailers and etailers, and indirect sales via a network for third-party distributors. Our worldwide channel network includes consumer electronics distributors, retailers, mass merchandisers, electronics stores, computer and

telecommunications stores, value-added resellers and online merchants.

Gaming

Our Gaming category comprises PC and console products designed to enhance gamer experiences, including virtual and augmented reality. We design and engineer industry-leading keyboards, mice, headsets, mouse pads, controllers and simulation products such as steering wheels and ight sticks.

Video Collaboration

Our Video Collaboration category includes Conference cams that combine enterprise-quality audio, high denition (HD), 1080p video and aordability, to enable video conferencing by businesses of any size.

1981

LOGITECH FOUNDED IN SWITZERLAND

6,600+

EMPLOYEES

10 Logitech Sustainability Report FY20

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Music

Our Music category includes

two sub-categories:

•

Mobile Speakers; and

•

Audio & Wearables.

The Mobile Speakers sub-

category includes portable

(R)

wireless Bluetooth

and Wi-Fi speakers that are waterproof and provide bold, immersive sound in every direction.

The Audio & Wearables category comprises:

•

PC speakers and headsets;

•

in-ear headphones;

•

premium wireless

audio wearables;

•

wireless audio wearables for

sports and active lifestyles; and

•

a range of audio tools for recording or broadcasting applications, from YouTube and podcast production to music and gaming.

Smart Home

This category includes advanced home entertainment controllers and home cameras that enable home monitoring via mobile devices. It also includes new products dedicated to controlling emerging categories of connected smart home devices such as lighting, thermostats and door locks.

Acquisitions

On August 21, 2018, we acquired all equity interests in Blue Microphones Holding Corporation (Blue Microphones). While we report nancial information with full integration of Blue Microphones from that date, from an operational standpoint (including sustainability procedures) we completed integration of Blue Microphones on September 2, 2019. The scope of this Sustainability Report includes data and performance for Blue Microphones from September 2019 onwards.

On October 31 2019, we acquired all equity interests in General Workings, Inc. (Streamlabs). Streamlabs is a leading provider of software and tools for professional streamers. The Streamlabs Acquisition is complementary to our gaming portfolio.

The scope of this Sustainability Report does not include data and performance associated with this acquisition, because the Logitech-Streamlabs integration process was ongoing within the reporting period.

Joint Ventures

We do not operate Joint Ventures.

Production Facility

Our high-volume production facility was established in Suzhou, China in 1994. On-site activities primarily comprise nal assembly and testing. Components are manufactured to our specication by suppliers in Asia, the United States and Europe.

We use Joint Design Manufacturers and Contract Manufacturers to supplement internal capacity and to reduce volatility in production volumes. Our local and international teams maintain oversight of all in-house and supplier production activities, manufacturing knowhow, quality process controls, social and environmental responsibilities and Intellectual Property protection.

This hybrid model of in-house manufacturing and thirdparty manufacturers enables us to eectively respond to rapidly changing demand, leverage economies of scale, maintain strong quality process controls, reduce volatility in production levels, and optimize time to market.

An overview of our company is shown in the following infographic.

Logitech Sustainability Report FY20 11

LOGITECH IN FIGURES

FY20

27%

FEMALE BOARD

OF DIRECTORS

Vancouver, Canada

Camas, USA

San Francisco, USA

Westlake, USA

6,600+

EMPLOYEES

Park City, USA

Newark, USA

Irvine, USA

65%

MALE

Cork, Ireland

Windsor, UK

35%

FEMALE

Nijmegen, Netherlands

Munich, Germany

Lausanne, Switzerland

Mexico City, Mexico

LOCATIONS

HQ Principal Oce Sillicon Valley Campus (SVC) Manufacturing

Sao Paolo, Brazil

12 Logitech Sus tainabilit y Report FY20

>$177m+

SPEND ON R&D

Introduction Products and

DESIGN AWARDS

the environment

People and society

About this report

$2.98 BILLION NET SALES FY20

% BY PRODUCT CATEGORY

23%

GAMING

Hong Kong Kowloon, China

Chennai, India

Seoul, South Korea

Suzhou, China

Shenzhen, China

Singapore

Tokyo, Japan

Shanghai, China

Hsinchu, Taiwan

19%

POINTING DEVICES

18%

KEYBOARDS & COMBOS

12%

AUDIO & WEARABLES

VIDEO COLLABORATION

MOBILE SPEAKERS

TABLETS & OTHER ACCESSORIES

Sydney, Australia

PC WEBCAMS

SMART HOME & OTHER

Logitech Sustainability Report FY20 13

SUSTAINABILITY AT LOGITECH

As a company, we always strive to do the right thing, behave ethically and act with integrity; we live and breathe our values. That philosophy underpins our commitment to sustainability.

Our vision is to design new possibilities that extend human capability. As a company, we’re fully conscious of the connections we can make between people, products, society and the environment. We want to design experiences, which help people create, achieve and enjoy life more.

As a company, we’re small and exible enough for every person to take the initiative and make things happen. But we’re big enough in our portfolio and reach for those actions to have a global impact. That’s a unique position to be in and we will always try to keep it that way.

We are acutely aware of the impact our activities can have, on our planet and society. That awareness motivates us to quantify, advocate, lead and drive the changes that are needed, to transition to a more sustainable world. We are working to make sustainability pervasive across all our activities and a reection of our culture.

Values and Culture

As a global company our people bring a broad array of diverse perspectives and unique experiences needed to

innovate, understand dierent markets and pull together across the globe to make things happen locally and build competitive advantage.

Our values and culture were articulated as an outcome of interactive roadshows in 2016, which were kicked o by our Chief Executive Ocer and Head of People and Culture. More than 85% of our employee base contributed their insights on four key aspects of our company culture: the most important elements of Logitech's culture, as identied by employees; the words and sentiments employees use when describing Logitech culture to others; which elements are aspirational and require us to keep working on them; and what we need to inject more of, to keep us successful in the future. The values were articulated in English and translated to local languages by site leaders, where appropriate.

Our values are included in onboarding and orientation and underpin our employee recognition and awards program, our talent and development programs and other initiatives. Site leaders regularly organize events,

teamwork and news based on the value sets, to raise awareness and socialize our values to new and existing employees.

In short, we are the sweet spot for people passionate about products, making a mark and having fun. We believe we are at our best when we:

•

prioritize equality and environment;

•

are open and ourselves;

•

are humble but hungry;

•

collaborate, but also challenge; and

•

decide and do.

This year, we introduced a new pair of values: Equality and Environment. Our commitment to equality and the environment is something that has been an integral part of our culture and demonstrated through our actions and commitments. We are now explicitly recognizing equality and environment as core values of our company for greater alignment and accountability internally and to demonstrate leadership and raise stakeholder awareness externally.

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EQUALITY

AND

ENVIRONMENT

OPEN AND

OURSELVES

HUNGRY

BUT HUMBLE

We believe every individual should have equal access to opportunity. Within Logitech, we work to oer equitable opportunities for each individual, regardless of gender, race, religion, sexual orientation, and more.

Externally we stand up for the rights of under-represented groups

We want everyone to feel they can be themselves in every way, no pretense, no dress code, nor other limitations.

We treat each other fairly and respectfully - and when mistakes are made they can be openly discussed. We’re also not interested

Humility is something we associate with the quest to always learn. We continuously learn, from all experiences including those that

especially in the face of adversity and will challenge systemic barriers. By doing this, we hope to level the playing eld for everyone.

Regarding the environment, we strive to be responsible for our planet and advocate for sustainability.

in politics, just in doing what’s right ethically and acting with integrity. That also means that if there’s something wrong, speaking up in the moment is something we feel obliged to do. It’s just less stressful when what you see is what you get.

could be characterized as wins and losses, successes and failures. Our hunger to do more, better, faster makes us hard to compete with.

COLLABORATE,

BUT ALSO

CHALLENGE

DECIDE

AND DO

e achieve more when we work together. It’s that simple. It’s always nice when someone agrees but we constantly seek challengers to our ideas. Working collaboratively with colleagues, customers and partners surfaces possibilities that one person alone might not see.

We are a company of people who decide based on data/facts/good thinking and communicate the how and why to key stakeholders. We turn decisions into action. We don’t philosophize or ponticate. We believe no-one in Logitech is a pure

We also need to collaborate on something bigger than our own interest - which means that sometimes we might feel like we’re losing something but someone else is gaining. And that’s just ne as long as the gain is a gain for the wider Logitech.

‘boss’ or ‘executive’. We spurn jobs that aren’t hands-on because they are suggestive of those people who tell other people to do things, rather than engaging alongside them in the sometimes messy and granular work of getting things done.

Logitech Sustainability Report FY20 15

16 Logitech Sustainabilit y Report FY20

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Logite ch Sustainability Report FY20 17

Sustainability at Logitech

continued

Sustainability at Logitech

We are often asked what we mean by sustainability at Logitech. Sustainability can mean dierent things to dierent people depending on your priorities, experience and perspective. Within Logitech, the terms SER (Social, Environmental, Responsibility) and ESG (Environment, Social and Governance) are synonymous with Sustainability. SER is the term used by the RBA. ESG is the term used by our investors. Our sustainability programs, as described in this report, address all material aspects of sustainability, SER and ESG.

We explain our approach in the following terms. We have footprint activities and programs which seek to reduce our environmental impact on the planet:

We have footprint activities and programs which seek to reduce our environmental impact on the planet:

Climate

action

Responsible

manufacturing

Carbon

transparency

•

Climate action

•

Carbon transparency

• Responsible manufacturing

•

Design for sustainability (DfS):

• Responsible products

• Responsible sourcing

• Responsible packaging

• End-of-life recycling

For these programs we measure our impact in terms of carbon, toxicity and circularity improvements primarily, as well as some other additional dimensions, such as water, where appropriate to do so.

Design for

Sustainability

(DfS)

• Responsible products

• Responsible sourcing

• Responsible packaging

End-of-life

recycling

18 Logitech Sustainability Report FY20

We have handprint activities and programs which seek to enhance our positive impact on people and society:

• Human rights and labor

• Ethics

• Privacy and Security

• Conict minerals

Introduction Products and

the environment

People and society

About this report

• Supplier development

• Talent development

• Diversity and inclusion

• Safety, health and wellbeing

• Giving back

Some of our management programs are cross-cutting, creating value in terms of both reduced environmental footprint and enhanced positive handprint on people and society e.g. our Supplier Development program and Sustainability Reporting program. But our use of the handprint and footprint concept has helped us simplify communication of our approach and performance. We like it. We hope you do too.

Diversity and

development

Privacy and

Security

Ethics

inclusion

Supplier

Talent development

Human rights

and labor

Giving Back

Conict minerals

Safety, health

and wellbeing

Logitech Sustainability Report FY20 19

Sustainability at Logitech

continued

Sustainability Governance

Good governance is driven by strong, eective and committed leadership. Our Group Management Team and Board of Directors can be viewed on our website here. Our governance structure for strategic decision-making is our Sustainability Oce. Prakash Arunkundrum (Head of Global Operations and a member of the Group Management Team), leads the Sustainability Oce and is responsible for driving the strategy and execution of Logitech's sustainability initiatives and advancing Logitech's sustainability commitments across its worldwide operations and products.

The Sustainability Oce is a standing arrangement that addresses and prioritizes sustainability-related decisions as they arise. The Sustainability Oce formally meets monthly to review progress on existing commitments and assesses sustainability risks and proposals from across the business in consideration of our sustainability priorities. The structure oers decision and guidance at an operational and management level, as well as wider recommendations to the Board of Directors and other relevant executive committees at a strategic level, on an annual

basis. The oce also oversees the preparation of key reports and data, including the annual Sustainability Report, and manages climate and carbonrelated risks and opportunities.

Governance Framework

Our framework for sustainability management is the RBA Code of Conduct (“the Code”) and our 1.5 Degree Pledge.

As a small company playing in a global market, we recognize the value of collaboration. We joined the Responsible Business Alliance (RBA, formally known as the Electronics Industry Citizenship Coalition, EICC) in 2007 to collaborate with industry peers and competitors alike, to develop and implement tools and programs that would directly address the challenges that people, communities and the environment face around our industry. RBA members are held accountable to the RBA Code of Conduct. We implement the Code at our own production facility and in our supply chain, using a range of RBA training and assessment and support tools.

Our commitment to the Code is dened in our RBA Commitment Statement. The Code focuses on priority issues for the RBA membership (as

As a company, we want to leave our mark. Our commitment to shaping a better world is a core value that we care deeply about.

20 Logitech Sustainability Repor t FY20

Governance Framework

Introduction Products and

the environment

People and society

About this report

BOARD OF

DIRECTORS

COMMITMENT & SPONSORSHIP

Head of Operations and Head of People and Culture identify, nance & sponsor selected programs, liaising with the Board, where relevant.

Sustainability Oce IMPACT ASSESSMENT

Sustainability Oce review, assess and shortlist proposed programs for consideration within framework of Logitech’s Sustainability Priorities.

All teams SUSTAINABILITY PROPOSALS

Sustainability programs, projects and specic opportunities are brought to the Sustainability Oce to assess impact, priority and relevance.

Leadership

shown in the following gure), including emerging issues that are not well understood. It is reective of international norms and good practice, including the Universal Declaration of Human Rights, ILO International Labour Standards, OECD Guidelines for Multinational Enterprises, OHSAS 18001, ISO 14001 and SA8000.

RBA engages stakeholders from across business, governments, civil society, investors and academia to gather the necessary range of perspectives and expertise to review and

update the Code year-onyear. This forward-thinking approach helps us apply the precautionary principle, look beyond our legal obligations, deliver on our commitment to continually improve our performance, and ensure we live and breathe our company values. The Code is reected in our internal policy framework, standards, audit processes and contractual agreements with suppliers. It drives our business and sustainability strategy and informs decision-making.

At Logitech, sustainability is not a buzzword or an afterthought. It’s a mindful principle that we infuse into everything we do.

Logitech Sustainability Report FY20 21

• Freely Chosen Employment

• Young Workers

• Working Hours

• Wages and Benets

• Humane Treatment

• Non-Discrimination

• Freedom of Association

• Business Integrity

• No Improper Advantage

• Disclosure of Information

• Intellectual Property

• Fair Business, Advertising and Competition

• Protection of Identity and Non-Retaliation

• Responsible Sourcing of Minerals

• Privacy

LABOR

RBA

CODE OF

CONDUCT

HEALTH

ETHICS

ENVIRONMENT

• Environmental Permits and Reporting

• Pollution Prevention and Resource Reduction

• Hazardous Substances

• Energy Consumption and Greenhouse Gases

• Solid Waste

• Air Emission

• Materials Restrictions

• Water Management

SAFETY

AND

• Occupational Safety

• Emergency Preparedness

• Occupational Injury and Illness

• Industrial Hygiene

• Physically Demanding Work

• Machine Safeguarding

• Sanitation, Food, and Housing

• Health and Safety Communication

Company Commitment

Management Accountability and Responsibility

Legal and Customer Requirements

Risk Assessment and Risk Management

22 Logitech Sus tainabilit y Report FY20

Improvement Objectives

Training

Communication

Worker Feedback, Participation and Grievance

Audits and Assessments

Corrective Action Process

Documentation and Records

Supplier Responsibility

Sustainability at Logitech

continued

Introduction Products and

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People and society

About this report

In December 2019, we joined the Science-Based Targets Initiative (SBTI) and committed to support the Paris Agreement and develop science-based carbon reduction targets to deliver our ambitious 1.5°C climate pledge.

Climate change caused by human activity is one of the biggest challenges of our generation. With our commitment to the 1.5°C climate pledge, we stepped beyond both legislative and RBA Code requirements to take on a leadership position around this challenge. Our

1.5 degree pledge is driving us to quantify our environmental impact in terms of our corporate carbon footprint and apply a design-thinking approach to reduce our footprint; use renewable electricity and materials; and restore climateimpacted communities.

Design thinking is at the center of everything we do. We believe the design-thinking approach can be applied to everything, including sustainability. As an award-winning design company, we are making a pledge to future generations, to use our leadership in design to not only to create great customer experiences, but also to do so in a way that is sustainable for the planet and good for society. When we look at our business, products and activities through this lens, we know we can design processes

and product experiences for sustainability, and improve every aspect of our operations. When we couple this way of thinking, with our engine for innovation and commitment to carbon transparency, we believe we can make a meaningful contribution to global eorts to enable more sustainable lifestyles and catalyze our sector’s transition to a more sustainable, low carbon pathway. We are working to map our handprint and footprint to the Sustainable Development Goals, to identify the areas where we can make the greatest contribution to development issues.

External Initiatives and Memberships

We believe collaboration across our sector and multi-stakeholder engagement is required, to catalyze society’s transition to a more sustainable future. In recent years we have taken a more overt approach to demonstrating our commitment to Sustainability. In doing so, we decided to be more vocal. Since then, we have strengthened our existing involvement in external initiatives and membership associations and adopted a number of new membership initiatives and reporting standards A full description of the initiatives and associations we currently participate in, and some of our key reporting standards, is provided overleaf.

Design at Logitech is a 360-degree process, beyond the look and feel of a product. From your day in the oce, to a run on the trail, to how you enjoy your favorite games and music, great design is much more than the sum of a product’s parts; it is about how each experience ts in our lives and adds something new and valuable.

Alastair Curtis, Chief Design Ocer at Logitech

Logitech Sustainability Report FY20 23

Sustainability at Logitech

continued

REPORTING STANDARDS AND SUSTAINABILITY PARTNERSHIPS

The Carbon Disclosure Project (CDP) is an international organization providing a global, standardized system for companies to disclose and share carbon, energy and environmental information

The Global Reporting Initiative (GRI) is a nonprot organization that promotes one of the world’s most prevalent standards for sustainability reporting - the GRI Standards

The Information Technology Industry (ITI) Council is an advocacy and policy organization for the technology sector. Through its regional and topic-specic committees, ITI provides members with information, insights and diverse perspectives on developing policy frameworks and regulatory changes around the world.

WHAT THIS PARTNERSHIP MEANS FOR US

We leverage the CDP platform to report our energy and climate performance publicly, via the Climate Change questionnaire and to respond to customers via the CDP Supply Chain questionnaire.

By sharing our performance in this best practice way, we work to galvanize sector-wide transparency and credibility.

We are committed to, and working towards, full alignment with Core GRI standards to enable enhanced transparency, credibility and accountability in reporting.

We participate in ITI’s regional committees as well as topic-specic committees on Environmental Policy, Environment and Sustainability, Privacy and Cybersecurity, Energy Eciency, Procurement, Product Stewardship and Regulatory Policy.

The National Minority Supplier Development Council (NMSDC) matches certied minority-owned business enterprises (MBE) in the United States with corporate member companies and builds MBE capacity and capabilities through programs and other educational oerings.

The Organization for Economic Co- operation and Development (OECD) is an international economic body of 37 countries dedicated to stimulating economic progress and world trade.

The OECD Due Diligence Guidance for

Responsible Supply Chains of Minerals from Conict-Aected and High-Risk Areas sets out best practice guidance for

companies to respect human rights and avoid contributing to conict through their mineral purchasing decisions and practices.

The Responsible Business Alliance (RBA), formerly EICC, is a non-prot coalition of companies committed to improving social, environmental and ethical conditions in their global supply chain.

The RBA Code focuses on priority issues for the RBA membership including labor, environment, health and safety, ethics, management systems and human rights.

Through our membership of the NMSDC, we are working to develop our Supplier Diversity Program and connect with MBEs across the US, to diversify our supplier base.

We follow the OECD due diligence guidelines for supply chain due diligence specically around minerals from conict-aected and high risk-areas.

We joined the RBA in 2007 and our commitment to the RBA Code drives our business, sustainability and supply chain strategy. It informs decision-making and is reected in our internal policy framework, standards, audit processes, and contractual agreements with suppliers.

24 Logitech Sustainability Report FY20

Introduction Products and

the environment

People and society

About this report

REPORTING STANDARDS AND SUSTAINABILITY PARTNERSHIPS

The Responsible Minerals Initiative (RMI) is an industry initiative focused on responsible mineral supply chain of conformant smelters and reners for tin, tungsten, tantalum and gold. The RMI developed the Responsible Minerals Assurance Process (RMAP) which includes tools for members to use and leverages independent, third-party audit processes to identify conict-free smelters and reners.

The Responsible Labour Initiative (RLI) is a multi-stakeholder initiative launched by the RBA which is focused on ensuring that the rights of workers vulnerable to forced labor in global supply chains are consistently respected and promoted.

RE100 is led by The Climate Group in partnership with CDP. RE100’s mission is to accelerate a global shift to clean energy and zero carbon grids – delivering a cleaner, healthier future for all. RE100 members work together to advocate for 100% renewable electricity worldwide, in the shortest timeline possible, and work in partnership with others to address policy and market challenges

WHAT THIS PARTNERSHIP MEANS FOR US

Through our membership of the RMI, we gain access to tools and resources for our Conict Minerals due diligence program, including the Conict Minerals Reporting Template, Reasonable Country of Origin Inquiry data, and a range of guidance documents supporting responsible minerals sourcing.

Through our membership of the RLI, we gain access to tools and resources which support our Supplier Development due diligence programs including the Supplemental Validated Audit Process (SVAP) on Forced Labor.

We joined the RE100 initiative in November 2019 to collaborate with other industry leaders in pursuit of the global movement to catalyze uptake of 100% renewable electricity.

The mission of the Sustainability Accounting Standards Board (SASB) Foundation is to establish and improve industry-specic disclosure standards across nancially material environmental, social and governance topics that facilitate communication between companies and investors about decision-useful information.

The Science Based Targets Initiative (SBTI) is a partnership between CDP, the United Nations Global Compact (UNGC), World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). SBTI denes and promotes best practice in science-based target setting with the support of a Technical Advisory Group. Signatories are required to set ambitious and meaningful carbon reduction targets, which are independently assessed to verify alignment with the newest science and recommendations from the Intergovernmental Panel on Climate Change (IPCC)

We are working towards full alignment with SASB standards to enable transparency, credibility and accountability in reporting - for our U.S. investors, in particular

By joining SBTI, we commit to a science-based approach to climate action and ambitious, bestpractice reduction targets for our Scope 1, 2 and 3 emissions. In our specic case, we have committed to the ambitious 1.5 degree pathway.

Logitech Sustainability Report FY20 25

Sustainability at Logitech

continued

REPORTING STANDARDS AND SUSTAINABILITY PARTNERSHIPS

The United Nations Sustainable Development Goals (SDGs) are a call

to action for bold breakthroughs across 17 development areas, by the year 2030. The aim of the SDGs is to push multistakeholder collaboration to improve quality of life, protect the environment, and foster equitable growth.

The aim of the Task Force on Climate- related Financial Disclosures (TCFD) is to develop voluntary, consistent climaterelated nancial risk disclosures for use by companies in providing information to investors, lenders, insurers, and other stakeholders.

The Task Force will consider the physical, liability and transition risks associated with climate change and what constitutes eective nancial disclosures across industries.

WeConnect International is a global network that connects women-owned businesses to qualied buyers around the world.

WHAT THIS PARTNERSHIP MEANS FOR US

Following on from our commitment to the SDGs last year we are working to map our handprint and footprint programs to the SDGs to identify the areas where we can make the greatest contribution to development issues

We are working towards full alignment with TCFD guidance, with the disclosure of relevant information in our annual CDP Report and Sustainability Report.

Through our membership of WeConnect, we are working to develop our Supplier Diversity Program and connect with women-owned businesses across the globe to diversify our supplier base.

The Women’s Business Enterprise National Council (WBENC) is the largest certier of women-owned businesses in the U.S. and a leading advocate for women business owners and entrepreneurs.

Evaluation of the management approach

We employ a number of mechanisms to evaluate our management approach.

•

Via the Sustainability

Oce, as described above,

we routinely review the purpose, scope and value

Through our membership of WBENC, we are working to develop our Supplier Diversity Program and connect with women-owned businesses across the US to diversify our supplier base.

of sustainability proposals and how they align with our overall commitments and potential to deliver our vision for a better future, as well as the eectiveness of our management approach and our allocation of resources to priority goals and targets.

•

With our External Factors

Review (EFR) process, we

review publicly available sources of information - to evaluate external perspectives of our management approach and sustainability performance and identify new or emerging expectations for our sector or our own organization,

26 Logitech Sustainability Report FY20

Introduction Products and

the environment

People and society

About this report

as well as opportunities for long-term reputational value or reputational risks. Insights from the EFR process inform decision-making with respect to our management approach, including our stakeholder engagement strategy, sustainability reporting, and sustainability strategy.

•

At our production facility, we

participate in third-party

audits, which evaluate our

management approach and performance in relation to RBA Code requirements, as well as ISO14001 Audits, OHSAS

THIRDPARTY RATINGS

18001 and ISO9001 standards. As part of these audits, thirdparty auditors evaluate our management approach and performance in relation to RBA Code compliance topics, environmental best practice and health, safety and quality.

•

As part of annual

Sustainability Reporting,

we review the scope and performance of our footprint and handprint programs, evaluate performance to determine how best to evolve each program for the forthcoming year. We

also review and refresh our policy framework to identify opportunities for further improvement and evaluate the extent to which new policies may be required or helpful, to strengthen our management approach. Following on from annual sustainability reporting, we submit our Sustainability Report to a large number of

third-party rating platforms

who review and rate our performance and provide useful feedback, which informs our planning for the forthcoming year.

TOP 5%

LISTED ON INDEX

“AA R ATED*”

“GOLD” RATING

RATED: LEADER

5th out of 145 tech companies

for overall sustainability

LISTED ON INDEX

SXI Switzerland

Sustainability 25

(R)

performance

*The use by Logitech of any MSCI ESG Research LLC or its Aliates (“MSCI”) data, and the use of MSCI logos, Trademarks, Service Marks or Index Names Herein, do not constitute a sponsorship, endorsement, recommendation or promotion of Logitech by MSCI. MSCI Services and data are the property of MSCI or its information provides, and are provided ‘As-Is’ and without warranty. MSCI names and logos are trademarks or service marks or MSCI.

2020 OVERALL WINNER

in Consumer Technology