Rambus Inc.

Corporation

4453 N First Street, Suite 100

San Jose, CA 95134

United States, India, Korea, The Netherlands, Canada, Finland

Rambus, Inc.

1 January 2023 to 31 December 2023; Annually

1 March 2023 to 28 February 2024

2-24-2023

Investor Contact

Nicole Noutsios

NMN Advisors

510-315-1003

rambus@nmnadvisors.com

Based on more accurate information and the Greenhouse Gas Protocol, we have updated our greenhouse gas methodology to better reflect our operations. Additionally, we purchased RECs to retroactively cover our electricity usage and as such have updated our Scope 2 market-based emissions for previous years (2021 and 2022) to reflect this. 

Rambus seeks external assurances for its greenhouse gas emissions data to ensure the quality and accuracy of qualitative information presented. Rambus' 2023 greenhouse gas emissions data, including scope 1, scope 2, and select scope 3 categories (purchased goods and services, capital goods, and business travel), were externally assured by Keramida.

Emissions data including scope 1, scope 2, and select scope 3 categories (purchased goods and services, capital goods, and business travel) presented in this report were externally assured. Keramida did not assure any information presented in the report regarding financial statements or employee representation or diversity.

Rambus' Board of Directors monitors and supports our CSR efforts, providing oversight of our environmental, social, and governance (ESG) and CSR by following procedures outlined in our Corporate Governance Guidelines and Committee Charters. Our board-level Corporate Governance / Nominating Committee (CGNC) is responsible for reviewing our ESG and CSR programs, policies and practices annually. 

Our Board of Directors is composed of seven members who are divided into two classes with overlapping two-year terms. At each annual meeting of stockholders, a class of directors is elected for a term of two years to succeed those directors whose terms expire on the annual meeting date. A director serves in office until his or her respective successor is duly elected and qualified or until his or her earlier death or resignation. Any additional directorships resulting from an increase in the number of directors will be distributed among the two classes so that, as nearly as possible, each class will consist of an equal number of directors. Any vacancy occurring mid-term will be filled by a majority of the other current members of the Board of Directors. There is no family relationship between any of our directors.

Four Class I directors are to be elected during the Annual Meeting for a two-year term ending in 2026. Based on the recommendation of our Corporate Governance/Nominating Committee, our Board of Directors has nominated Charles Kissner, Meera Rao, Necip Sayiner, and Luc Seraphin for election as Class I directors.

The Company's bylaws provide that in uncontested elections, nominees will be elected to the Board of Directors if the votes cast for a nominee's election exceed the votes cast against such nominee's election. The Board of Directors, after taking into consideration the recommendation of the Corporate Governance/Nominating Committee of the Board of Directors, will determine whether or not to accept the pre-tendered resignation of any nominee for director, in an uncontested election, who receives a greater number of votes “AGAINST” his or her election than votes “FOR” such election. There are no cumulative voting rights in the election of directors. Stockholders as of the Record Date may vote their shares for or against some, all or none of the Class II nominees. In the election of directors, any abstentions in respect of a nominee will not impact the election of that nominee. In tabulating the voting results for the election of directors, only “FOR” and “AGAINST” votes are counted.

No

See 2023 CDP Section - C1. Governance

See 2023 CDP Section - C1. Governance

See 2023 CDP Section - C1. Governance

See 2023 CDP Section - C1. Governance

See 2023 CDP Section - C1. Governance

Yes

Our Board of Directors monitors and supports our CSR efforts, providing oversight of our environmental, social, and governance (ESG) and CSR by following procedures outlined in our Corporate Governance Guidelines and Committee Charters. Our board-level Corporate Governance / Nominating Committee (CGNC) is responsible for reviewing our ESG and CSR programs, policies and practices annually. 

All of our directors and executive officers are subject to our Code of Business Conduct and Ethics, and our directors are guided in their duties by our Corporate Governance Guidelines. Our Code of Business Conduct and Ethics requires that our directors and executive officers avoid situations where a conflict of interest might occur or appear to occur. In general, our directors and executive officers should not have a pecuniary interest in transactions involving us or a customer, licensee, or supplier of the Company, unless such interest is solely a result of routine investments made by the individual in publicly traded companies. In the event that a director or executive officer is going to enter into a related party transaction with a relative or significant other, or with a business in which a relative or significant other is associated in any significant role, the director or executive officer must fully disclose the nature of the related party transaction to our Chief Financial Officer. For directors and executive officers, such related party transaction then must be reviewed and approved in advance by the Audit Committee. For other conflicts of interest that may arise, the Code of Business Conduct and Ethics advises our directors and executive officers to consult with our General Counsel. In addition, each director and officer is required to complete a Director and Officer Questionnaire on an annual basis and upon any new appointment, and provide quarterly updates, which requires disclosure of any related-party transactions pertaining to the director or executive officer. Our Board of Directors will consider such information in its determinations of independence with respect to our directors under applicable Nasdaq and SEC rules. In order to help ensure our directors remain free from conflicts or the appearance of conflicts, our Corporate Governance Guidelines require that each director deliver an irrevocable resignation from the Board of Directors, to be effective upon the occurrence of both (i) a significant change in his or her status and appointments or positions with other companies during his or her tenure as a director on the Board of Directors, and (ii) the Board of Directors' acceptance of such resignation.

The Rambus Code of Business Conduct and Ethics details how to report potential violations of the code, including Human Rights-related violations, and details how we handle investigations. Threats of retaliation are not tolerated. Open communication of issues and concerns without fear of retribution or retaliation is vital to our corporate culture and the successful implementation of this Code. We will not tolerate any threats, retribution, reprisals or retaliation against any person who has in good faith reported a suspected violation of law, this Code or other Rambus policies, or any person who is assisting in any related investigation or process. Anyone who discriminates or retaliates against any person in these contexts will be subject to disciplinary action, up to and including termination of employment or service with the company.

At Rambus, we are committed to ethical, responsible and sustainable business practices. ESG and corporate social responsibility (“CSR”) is an enterprise-wide commitment and our Board of Directors monitors and supports our CSR efforts. Our Corporate Social Responsibility Management System (CSRMS) to provide a strong framework for integrating socially responsible behavior across our business. The CSRMS has evolved since to encompass both our CSR and ESG programming and aligns with the principles of ISO 25000:2010. This management system developed a set of principles, impacts, interests, and expectations and outlined the company's key stakeholders and the standards we will set for communicating with and exceeding the expectations of those stakeholders. Our 7 principles outline our approach to corporate social responsibility. They emphasize the importance of environmental excellence, health and safety, greenhouse gas management, energy management, environmental design, and other key areas.

Rambus has several policies listed on its Corporate Social Responsibility page.

Rambus believes human rights are the fundamental rights, freedoms, and standards of treatment to which all people are entitled, including without limitation, women, minority, LGBTQ, veteran, contract, and direct employees. Respect for human rights is rooted in our values and applies wherever we do business. We are aligned to the UN Guiding Principles on Business and Human Rights and the OECD Guidelines for Multinational Enterprises. We expect our suppliers to respect internationally recognized human rights and to adhere to the UN Guiding Principles on Business and Human Rights. Stakeholder involvement in developing our human rights policy, its implementation, and ensuring an effective outcome are essential. We require that private security forces under our control (if any) respect these human rights.

Rambus-Human-Rights-Policy-_Oct_2023.pdf

In furtherance of the principles and other values enshrined within the Universal Declaration of Human Rights, Rambus has adopted multiple policies and practices, including the Rambus Code of Business Conduct and Ethics and Rambus Vendor Code of Conduct (which is based on the Responsible Business 2 Alliance (RBA) Code of Conduct; such Rambus codes, collectively, the “Rambus Codes”). Rambus is committed to working with its vendors, partners, employees, management, and Board of Directors to uphold this Policy and revisit it as necessary. Rambus expects our vendors to follow the standards set forth in the Rambus Codes, as well as all applicable laws and regulations. The Rambus Codes require Rambus personnel and vendors to respect personal privacy, treat workers with dignity and respect, and comply with all applicable laws pertaining to freedom of association, collective bargaining, immigration, working time, wages, benefits and hours, safe and healthy working conditions, as well as laws prohibiting forced, compulsory and child labor, human trafficking, harassment, and employment discrimination. Assessments are conducted annually to evaluate high risk suppliers' performance in the area of human rights. We track the number of employees or contractors that do not meet standards on slavery and trafficking and have a corrective action system. Rambus' employee onboarding training includes a Human Rights component. We provide Rambus personnel with training, resources, and systems to effectuate our commitment to protecting human rights. Rambus' employee training includes training on human trafficking and slavery for its employees and management with direct responsibility for supply chain management The Rambus Codes and Rambus Global Anti-Corruption Policy require personnel to comply with all applicable laws regarding bribery and corruption, e.g., the United States Foreign Corrupt Practices Act. We train our personnel on this requirement regularly. The Rambus Conflict Mineral Policy requires us to follow applicable law to ensure we, and our applicable vendors, are sourcing minerals for our products in a manner that does not contribute to human rights violations. Rambus maintains board-level oversight and engagement with senior executives regarding our corporate responsibility priorities, including this Human Rights Statement and the policies and practices mentioned herein. We prohibit retaliation against any employee for reporting, in good faith, a suspected violation of law, or any other Rambus code or policy. We regularly assess our top suppliers to evaluate their conformance with Rambus's Vendor Code of Conduct and the human rights-related obligations therein. If any issues arise, Rambus will properly address them.

In furtherance of these principles and other values enshrined within the Universal Declaration of Human Rights, Rambus has adopted multiple policies and practices, including the Rambus Code of Business Conduct and Ethics and Rambus Vendor Code of Conduct (which is based on the Responsible Business 2 Alliance (RBA) Code of Conduct; such Rambus codes, collectively, the “Rambus Codes”). Rambus is committed to working with its vendors, partners, employees, management, and Board of Directors to uphold this Policy and revisit it as necessary. Rambus expects our vendors to follow the standards set forth in the Rambus Codes, as well as all applicable laws and regulations. The Rambus Codes require Rambus personnel and vendors to respect personal privacy, treat workers with dignity and respect, and comply with all applicable laws pertaining to freedom of association, collective bargaining, immigration, working time, wages, benefits and hours, safe and healthy working conditions, as well as laws prohibiting forced, compulsory and child labor, human trafficking, harassment, and employment discrimination. Assessments are conducted annually to evaluate high risk suppliers' performance in the area of human rights. We track the number of employees or contractors that do not meet standards on slavery and trafficking and have a corrective action system. Rambus' employee onboarding training includes a Human Rights component. We provide Rambus personnel with training, resources, and systems to effectuate our commitment to protecting human rights. Rambus' employee training includes training on human trafficking and slavery for its employees and management with direct responsibility for supply chain management The Rambus Codes and Rambus Global Anti-Corruption Policy require personnel to comply with all applicable laws regarding bribery and corruption, e.g., the United States Foreign Corrupt Practices Act. We train our personnel on this requirement regularly. The Rambus Conflict Mineral Policy requires us to follow applicable law to ensure we, and our applicable vendors, are sourcing minerals for our products in a manner that does not contribute to human rights violations. Rambus maintains board-level oversight and engagement with senior executives regarding our corporate responsibility priorities, including this Human Rights Statement and the policies and practices mentioned herein. We prohibit retaliation against any employee for reporting, in good faith, a suspected violation of law, or any other Rambus code or policy. We regularly assess our top suppliers to evaluate their conformance with Rambus's Vendor Code of Conduct and the human rights-related obligations therein. If any issues arise, Rambus will properly address them.

If an individual suspects or becomes aware of any action related to bribery, recordkeeping or internal controls that he or she believes may be illegal, unethical or inappropriate, or otherwise in violation of this Policy, the person should immediately report the situation to the Legal Department or other member of senior management. Any manager, member of senior management, or Human Resources representative who receives a report of a potential violation of this Policy or the law must immediately inform the Legal Department. If an individual is uncomfortable reporting a concern in person or otherwise “on the record”, you may also report the concerns via the Company's confidential and anonymous whistleblower hotline web site at http://www.mysafeworkplace.com/ or by making a toll-free telephone call to 1-800-461-9330. The Company will not permit retaliation of any kind against anyone who makes a report or complaint in good faith with a reasonable basis for believing that a violation of this Policy or other illegal, unethical or inappropriate conduct has occurred. The Company encourages and highly values such good faith reporting of potential conduct that may violate Anti-Corruption Laws or related laws or regulations.

If an individual suspects or becomes aware of any action related to bribery, recordkeeping or internal controls that he or she believes may be illegal, unethical or inappropriate, or otherwise in violation of this Policy, the person should immediately report the situation to the Legal Department or other member of senior management. Any manager, member of senior management, or Human Resources representative who receives a report of a potential violation of this Policy or the law must immediately inform the Legal Department. If an individual is uncomfortable reporting a concern in person or otherwise “on the record”, you may also report the concerns via the Company's confidential and anonymous whistleblower hotline web site at http://www.mysafeworkplace.com/ or by making a toll-free telephone call to 1-800-461-9330. The Company will not permit retaliation of any kind against anyone who makes a report or complaint in good faith with a reasonable basis for believing that a violation of this Policy or other illegal, unethical or inappropriate conduct has occurred. The Company encourages and highly values such good faith reporting of potential conduct that may violate Anti-Corruption Laws or related laws or regulations.

As of December 31, 2023, we had 623 employees. None of our employees are covered by collective bargaining agreements.

In 2023, Rambus partnered with third-party experts to refresh our materiality assessment. We engaged four key stakeholder groups via survey to identify the ESG issues most important to our internal and external stakeholders and their impacts. To complement and enrich the insights gathered from stakeholder engagement, we conducted additional desk research. The identified material topics were validated through a thorough comparison with industry-specific associations and best practices, ratings and assessments from ESG rating agencies, and global reporting frameworks.

Rambus engaged both internal and external stakeholders to determine material topics. These stakeholder groups included employees, suppliers, customers, and investors.

Unethical procurement practices may lead to indecent treatment or discrimination towards employees, workers, and other stakeholders - which may contribute to broader systemic economic and social inequities.

We hold ourselves to high ethical standards and expect our suppliers to do the same. Rambus is a regular member of the Responsible Business Alliance (RBA). In addition, we collaborate with other industry groups, peers, suppliers and other stakeholders to make supply chains across the industry ethical and sustainable. Rambus has adopted a Vendor/Supplier Code of Conduct that is based on the RBA Code of Conduct. The RBA Code is aligned with international norms and standards including the Universal Declaration of Human Rights, ILO International Labour Standards and the OECD Guidelines for Multinational Enterprises. It outlines our standards for labor, health and safety, environment, ethics and management systems. The Rambus Code of Business Conduct and Ethics outlines our expectations for our ethical conduct and these standards extend to our business partners. We further expect that each supplier will, in turn, communicate to their suppliers the same expectations and implement reasonable mechanisms to monitor compliance

We utilize third-party risk analytics to conduct a supply chain risk analysis. Through our annual analysis, we gain deeper insights into inherent geographical risks related to labor, health and safety, environment, business ethics and management systems. We use the results of the analysis to assign risk assessment tools and prioritize suppliers within our audit program.

Based on the results of the risk assessment, Rambus decides which tool will be most effective to evaluate each supplier. For example, we may require an RBA Validated Assessment Program (VAP) onsite audit to learn more about a supplier's practices.

Labor-related items across our operations may impact employees, local communities, suppliers and customers. These stakeholders are engaged through multiple channels and their input is integrated into our assessments.

Energy is a key resource used for manufacturing semiconductor devices and new technologies may potentially consume more energy. Fossil-fuel based energy and consumption contribute to significant environmental impacts, including climate change. 

Rambus' Environmental and Climate Change statement details our commitment to contribute to a healthier environment, which includes our aim to enhance energy efficiency and promote smarter energy use. Rambus also uses renewable energy where possible. 

Rambus manages energy use by working with its contract manufacturer and Rambus facilities to collect available data and monitor trends for potential improvement goals, in alignment with Rambus' environmental, health & safety and energy management system (EHSEnMS).

Part of Rambus's lease renewal strategy is to leverage negotiations to address environmental, as well as health and wellness, aspects of its workplaces. This includes the prioritization of green certifications such as LEED, Fitwel, WELL, etc. which promote energy and water-efficient buildings that reduce costs associated with utility consumption. Additionally, we continue to explore and implement energy efficiency projects to reduce energy consumption used in our facilities, for example, replacing air handling units in our Bangalore, India office and relighting our office in France with more efficient lighting.

Rambus evaluates energy use data and trends through periodic internal management reviews and supplier business reviews.

Energy-related items across our operations may impact employees, local communities, suppliers and customers. These stakeholders are engaged through multiple channels and their input is integrated into our assessments.

Rambus procured RECs to cover 100% of electricity usage including retroactive purchases from 2021 onward. 

GwH/million $ revenue 

Rambus assess water risk for our operations at a local and global level using WRI's Aqueduct Water Risk Atlas. Based on the Aqueduct Analysis for all operating locations, we have identified 1 location in Bangalore, India that falls under overall extremely high water risk. Rambus does not have manufacturing operations, so water quality/quantity is not a high risk to Rambus business operations. The combination of the Aqueduct tool with internal company knowledge has helped us better understand our water-related risks. Although 1 of our sites is located in a water-stressed area, we have not identified a substantive water risk at this time given that our water withdrawals are not a significant portion of our operating costs.

Rambus' Environmental and Climate Change statement details our commitment to contribute to a healthier environment, which includes our commitment to avoid risks associated with water withdrawal or scarcity and our preference to have LEED certified facilities which help to use less water. 

Rambus monitors its wafer foundry suppliers on a quarterly basis for water efficiency and water dependence. We require direct wafer manufacturing suppliers to respond to surveys on an annual basis and provide their water quantity data.

In 2023, 100% of contract manufacturing suppliers responded to our surveys for information related to water management.

Potential water-related risks across our operations may impact employees, local communities, suppliers and customers. These stakeholders are engaged through multiple channels and their input is integrated into our assessments.

The semiconductor industry generates greenhouse gas emissions, largely through its manufacturing. Chronic and acute physical climate risks have the potential to affect employees and customers. Physical assets affected by local climate risks may also pose an ecological risk.

Rambus' Environmental and Climate Change statement details our commitment to contribute to minimizing our greenhouse gas emissions along with taking actions to measure, track, reduce and report our climate footprint, including emissions/usage resulting from our operations.

In 2020, Rambus developed a Corporate Social Responsibility Management System (CSRMS) to provide a strong framework for integrating socially responsible behavior across the Rambus business. The CSRMS was developed based on the principles of ISO 26000:2010 and includes Rambus's standards and practices relating to managing and reducing our greenhouse gas emissions. Additionally, our approach to addressing climate change is outlined in our ESG report as well as in our annual CDP report.

Rambus manages its emissions by working with its contract manufacturer and Rambus facilities to collect available data and monitor trends for potential improvement goals, in alignment with Rambus' environmental, health & safety and energy management system (EHSEnMS).

Source: eGRID 2020, Table 1, Subregion Output Emission Rates, Jan 2023

GWP rates: AR5

The GHG Protocol Corporate Standard was followed in the determination of Scope 1 and Scope 2 GHG emissions.

Source: eGRID 2021, Table 1, Subregion Output Emission Rates, Jan 2024

GWP rates: AR5

The GHG Protocol Corporate Standard was followed in the determination of Scope 1 and Scope 2 GHG emissions.

The Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standard (Revised Edition)

US EPA Center for Corporate Climate Leadership: Indirect Emissions From Purchased Electricity

US EPA Center for Corporate Climate Leadership: Direct Emissions from Stationary Combustion Sources

US EPA Emissions & Generation Resource Integrated Database (eGRID)

The materials used in the production of semiconductor products can have harmful impacts on the environment if released into the environment in the form of water pollution, air emissions, and solid waste. These also have the potential to impact local communities and employees.

Our Global EHS policy details our commitment to protect our employees, community, and the environment by committing to pollution prevention.

Our Environmental and Climate Change Statement details our commitment to adopting policies on Hazardous Waste Disposal, Waste Management, and Recycling.

We actively work to identify the sources of pollution and waste in our business activities and reduce these negative effects. We measure, record and report data from our top suppliers related to water consumption, waste emissions, packaging materials and energy consumption, recognizing most of Rambus' emissions footprint exists as Scope 3 emissions from our manufacturing supply chain.

Waste-related items across our operations may impact employees, local communities, suppliers and customers. These stakeholders are engaged through multiple channels and their input is integrated into our assessments.

Rambus' methods for waste diverted from disposal include recycling and composting.

The semiconductor industry relies on certain materials as key components for finished products. These materials are often concentrated in select countries that experience geopolitical uncertainty and conflict. Their sourcing has potential impacts on land use, climate change and resource scarcity.

The Rambus Vendor Code of Conduct clearly outlines our expectations on our suppliers, including environmental criteria.

Through the Responsible Business Alliance program, we actively conduct audits and screening exercises to ensure that our vendors are compliant with these requirements.

We work with our suppliers and our industry through the Responsible Mineral Initiative (RMI) to ensure the responsible sourcing of raw minerals, focusing on those from conflict-affected and high-risk areas. The RMI is a central actor that helps members advance responsible mineral sourcing by promoting common tools, assessments and training for the electronics industry and beyond. We encourage our suppliers to utilize RMI tools and best practices to ensure industry alignment across the value chain.

We use supplier scorecards to hold suppliers accountable for their performance against Rambus supply chain responsibility expectations. Rambus employees from the Procurement and Corporate Responsibility teams participate in supplier business reviews which include a discussion on the scorecard. 

In 2023, 100 percent of our foundry and contract manufacturing suppliers submitted the RBA supplier self-assessment questionnaire (SAQ), which yields a risk level rating.

Sourcing-related items across our operations may impact employees, local communities, suppliers and customers. These stakeholders are engaged through multiple channels and their input is integrated into our assessments.

Highly skilled employees are a key resource for the semiconductor industry. Not hiring or training local talent can create risks related to perceived social implications in the host and countries of workers.

We are committed to the development of our employees.

Our REACH program was launched in 2021 which allows employees and their managers to use an online tool for semi-annual assessments and goal-setting processes. We have also launched a leadership development program to builds skills for those individuals to thrive in ambiguity, work across organizational boundaries and take risks.

Training-related items across our operations may impact employees, local communities, suppliers and customers. These stakeholders are engaged through multiple channels and their input is integrated into our assessments.

The Rambus Employee and Career Hub (REACH) was launched in 2021, which allows employees and their managers to use an online tool for semi-annual assessments and goal-setting processes. Moving to a sophisticated online platform allows employees to have open and regular communications with their leadership, assisted by a readily available tool to track progress throughout the year

Increasing diversity, equity and inclusion in the workplace contributes to a more just and inclusive society, where everyone has an opportunity to succeed.

Rambus has developed effective strategies across the spectrum of diversity, equity, and inclusion (DEI). This commitment starts with our CEO and leadership team, who are committed to valuing differences in backgrounds, experiences, and thoughts/ideas at Rambus.

In 2020, we formed a cross-functional team to explore the key DEI topics and initiatives we can implement at Rambus and form a strategic directive for the full company around DEI. Four focus areas identified include:

1. Education to improve diversity awareness training

2. Hiring to improve underrepresented groups

3. Retention to develop current talent population with emphasis on gender representation

4. Community outreach to work with other organizations on key DEI initiatives

Diversity-related items across our operations may impact employees, local communities, suppliers and customers. These stakeholders are engaged through multiple channels and their input is integrated into our assessments.

Human rights violations may lead to indecent treatment or discrimination towards employees, workers, and other stakeholders - which may contribute to broader systemic economic and social inequities.

At Rambus, we respect human rights throughout our company, operations and supply chain. We work to uphold the relevant fundamental rights and freedoms of all people across the business, aligned with the United Nations Universal Declaration of Human Rights (UDHR), the International Labour Organization's (ILO's) Declaration on Fundamental Principles and Rights at Work, the United Nations Guiding Principles on Business and Human Rights (UNGPs) and the OECD Guidelines for Multinational Enterprises. We have updated our Human Rights Policy to reflect our commitment to the UNGPs. This policy extends to our supply chain and the Rambus Vendor Code of Conduct further incorporates human rights requirements expressed in international norms and standards.

We utilize third-party risk analytics to conduct a supply chain risk analysis. Through our annual analysis, we gain deeper insights into inherent geographical risks related to labor, health and safety, environment, business ethics and management systems. We use the results of the analysis to assign risk assessment tools and prioritize suppliers within our audit program.

In 2023, 100 percent of our foundry and contract manufacturing suppliers submitted the RBA supplier self-assessment questionnaire (SAQ), which yields a risk level rating. We use this SAQ score as an additional input to assign a risk level rating to each supplier. We are pleased to share that all of our suppliers received a Low Risk Rating in 2023.

Labor-related items across our operations may impact employees, local communities, suppliers and customers. These stakeholders are engaged through multiple channels and their input is integrated into our assessments.

Rambus reserves the right to verify supplier compliance with company standards and the RBA Code of Conduct. We take a risk-based approach to managing our supply chain and utilize third-party risk analytics to conduct a supply chain risk analysis. Through our annual analysis, we gain deeper insights into inherent geographical risks in our supply chain related to labor, health and safety, environment, business ethics, and management systems. We use the results of the analysis to assign risk assessment tools and prioritize suppliers within our audit program. Based on the results of the risk assessment, Rambus decides which tool will be most effective to evaluate the supplier. For example, we may require an RBA Validated Assessment Program (VAP) onsite audit to learn more. Suppliers identified as presenting a high risk of forced labor may be required to submit a specialized assessment designed to identify the risk of forced labor at the employment site.

In 2023, there were 0 incidents of non-conformance related to freedom of association.

Human rights violations may lead to indecent treatment or discrimination towards employees, workers, and other stakeholders - which may contribute to broader systemic economic and social inequities.

We hold ourselves to high ethical standards and expect our suppliers to do the same. Rambus is a regular member of the Responsible Business Alliance (RBA). In addition, we collaborate with other industry groups, peers, suppliers and other stakeholders to make supply chains across the industry ethical and sustainable. Rambus has adopted a Vendor/Supplier Code of Conduct that is based on the RBA Code of Conduct. The RBA Code is aligned with international norms and standards including the Universal Declaration of Human Rights, ILO International Labour Standards and the OECD Guidelines for Multinational Enterprises. It outlines our standards for labor, health and safety, environment, ethics and management systems. The Rambus Code of Business Conduct and Ethics outlines our expectations for our ethical conduct and these standards extend to our business partners. We further expect that each supplier will, in turn, communicate to their suppliers the same expectations and implement reasonable mechanisms to monitor compliance

We utilize third-party risk analytics to conduct a supply chain risk analysis. Through our annual analysis, we gain deeper insights into inherent geographical risks related to labor, health and safety, environment, business ethics and management systems. We use the results of the analysis to assign risk assessment tools and prioritize suppliers within our audit program.

Based on the results of the risk assessment, Rambus decides which tool will be most effective to evaluate each supplier. For example, we may require an RBA Validated Assessment Program (VAP) onsite audit to learn more about a supplier's practices.

In 2023, audits took place across Greater China, South Korea, and the United States. The average initial RBA VAP audit score for Rambus suppliers in 2023 outperformed the overall RBA average over the same period demonstrating their high standards. 0 nonconformances were found related to young workers. 

Labor-related items across our operations may impact employees, local communities, suppliers and customers. These stakeholders are engaged through multiple channels and their input is integrated into our assessments.

Rambus reserves the right to verify supplier compliance with company standards and the RBA Code of Conduct. We take a risk-based approach to managing our supply chain and utilize third-party risk analytics to conduct a supply chain risk analysis. Through our annual analysis, we gain deeper insights into inherent geographical risks in our supply chain related to labor, health and safety, environment, business ethics, and management systems. We use the results of the analysis to assign risk assessment tools and prioritize suppliers within our audit program. Based on the results of the risk assessment, Rambus decides which tool will be most effective to evaluate the supplier. For example, we may require an RBA Validated Assessment Program (VAP) onsite audit to learn more. Suppliers identified as presenting a high risk of forced labor may be required to submit a specialized assessment designed to identify the risk of forced labor at the employment site.

In 2023, there were 0 incidents of non-conformance related to young workers. 

Human rights violations may lead to indecent treatment or discrimination towards employees, workers, and other stakeholders - which may contribute to broader systemic economic and social inequities.

We hold ourselves to high ethical standards and expect our suppliers to do the same. Rambus is a regular member of the Responsible Business Alliance (RBA). In addition, we collaborate with other industry groups, peers, suppliers and other stakeholders to make supply chains across the industry ethical and sustainable. Rambus has adopted a Vendor/Supplier Code of Conduct that is based on the RBA Code of Conduct. The RBA Code is aligned with international norms and standards including the Universal Declaration of Human Rights, ILO International Labour Standards and the OECD Guidelines for Multinational Enterprises. It outlines our standards for labor, health and safety, environment, ethics and management systems. The Rambus Code of Business Conduct and Ethics outlines our expectations for our ethical conduct and these standards extend to our business partners. We further expect that each supplier will, in turn, communicate to their suppliers the same expectations and implement reasonable mechanisms to monitor compliance.

At Rambus, we take a risk-based approach to managing our supply chain. We utilize third-party risk analytics to conduct a supply chain risk analysis. Through our annual analysis, we gain deeper insights into inherent geographical risks related to labor, health and safety, environment, business ethics and management systems. We use the results of the analysis to assign risk assessment tools and prioritize suppliers within our audit program.

Based on the results of the risk assessment, Rambus decides which tool will be most effective to evaluate each supplier. For example, we may require an RBA Validated Assessment Program (VAP) onsite audit to learn more about a supplier's practices. Suppliers identified as presenting a high risk of forced labor may be required to submit a specialized assessment designed to identify the risk of forced labor at the employment site.

In 2023, 100%  percent of our foundry and contract manufacturing suppliers submitted the RBA supplier self-assessment questionnaire (SAQ), which yields a risk level rating. We use this SAQ score as an additional input to assign a risk level rating to each supplier. We are pleased to share that all of our suppliers received a Low Risk Rating in 2023.

In 2023, audits took place across Greater China, South Korea, and the United States. The average initial RBA VAP audit score for Rambus suppliers in 2023 outperformed the overall RBA average over the same period demonstrating their high standards. 0 nonconformances were found related to forced labor.

Labor-related items across our operations may impact employees, local communities, suppliers and customers. These stakeholders are engaged through multiple channels and their input is integrated into our assessments.

Rambus reserves the right to verify supplier compliance with company standards and the RBA Code of Conduct. We take a risk-based approach to managing our supply chain and utilize third-party risk analytics to conduct a supply chain risk analysis. Through our annual analysis, we gain deeper insights into inherent geographical risks in our supply chain related to labor, health and safety, environment, business ethics, and management systems. We use the results of the analysis to assign risk assessment tools and prioritize suppliers within our audit program. Based on the results of the risk assessment, Rambus decides which tool will be most effective to evaluate the supplier. For example, we may require an RBA Validated Assessment Program (VAP) onsite audit to learn more. Suppliers identified as presenting a high risk of forced labor may be required to submit a specialized assessment designed to identify the risk of forced labor at the employment site.

In 2023, there were 0 incidents of non-conformance related to freely chosen employment. 

Providing support for local communities via charitable donations and volunteering has the potential to stimulate local economies and increase community well-being.

We believe in strengthening the communities where we operate, live and work. By doing so, we are investing in the inventors of tomorrow and supporting the plans for prosperity our communities need to thrive.

In the United States, Rambus partners with the Silicon Valley Community Foundation, the largest community foundation in the nation, to identify key partners and to distribute funds.Rambus India emphasizes corporate social responsibility in compliance with Section 135 of The Companies Act of 2013, ensuring we dedicate 2% of average profit to key community partners. In India, our CSR committee is comprised of local employees who work to identify partners and distribute funds. In the United States, Rambus matches employee donations to community organizations. Employees can request a match of up to $1,000 per person each year to qualifying nonprofits. We look forward to expanding this program to additional geographies in the coming years.

Community-related items across our operations may impact employees, local communities, suppliers and customers. These stakeholders are engaged through multiple channels and their input is integrated into our assessments.

Human rights violations may lead to indecent treatment or discrimination towards employees, workers, and other stakeholders - which may contribute to broader systemic economic and social inequities. The semiconductor industry relies on certain materials as key components for finished products. These materials are often concentrated in select countries that experience geopolitical uncertainty and conflict. Their sourcing has potential impacts on land use, climate change and resource scarcity.

We hold ourselves to high ethical standards and expect our suppliers to do the same. Rambus is a regular member of the Responsible Business Alliance (RBA). In addition, we collaborate with other industry groups, peers, suppliers and other stakeholders to make supply chains across the industry ethical and sustainable. Rambus has adopted a Vendor/Supplier Code of Conduct that is based on the RBA Code of Conduct. The RBA Code is aligned with international norms and standards including the Universal Declaration of Human Rights, ILO International Labour Standards and the OECD Guidelines for Multinational Enterprises. It outlines our standards for labor, health and safety, environment, ethics and management systems. The Rambus Code of Business Conduct and Ethics outlines our expectations for our ethical conduct and these standards extend to our business partners. We further expect that each supplier will, in turn, communicate to their suppliers the same expectations and implement reasonable mechanisms to monitor compliance.

At Rambus, we take a risk-based approach to managing our supply chain. We utilize third-party risk analytics to conduct a supply chain risk analysis. Through our annual analysis, we gain deeper insights into inherent geographical risks related to labor, health and safety, environment, business ethics and management systems. We use the results of the analysis to assign risk assessment tools and prioritize suppliers within our audit program.

Based on the results of the risk assessment, Rambus decides which tool will be most effective to evaluate each supplier. For example, we may require an RBA Validated Assessment Program (VAP) onsite audit to learn more about a supplier's practices. Suppliers identified as presenting a high risk of forced labor may be required to submit a specialized assessment designed to identify the risk of forced labor at the employment site.

In 2023, 100 percent of our foundry and contract manufacturing suppliers submitted the RBA supplier self-assessment questionnaire (SAQ), which yields a risk level rating. We use this SAQ score as an additional input to assign a risk level rating to each supplier. We are pleased to share that all of our suppliers received a Low Risk Rating in 2023.

In 2023, audits took place across Greater China, South Korea, and the United States. The average initial RBA VAP audit score for Rambus suppliers in 2023 outperformed the overall RBA average over the same period demonstrating their high standards. 0 nonconformances were found related to forced labor.

Labor-related items across our operations may impact employees, local communities, suppliers and customers. These stakeholders are engaged through multiple channels and their input is integrated into our assessments