STMicroelectronics N.V.

Reference: page 63

ST has a two-tier governance structure under Dutch law, with management entrusted to the Managing Board under supervision of the Supervisory Board. No employee representatives sit on these bodies. The Supervisory Board has nine members (44% female, 56% male, 100% independent) and supervises the Managing Board's policies. It operates a Sustainability Committee, which monitors and advises on sustainability strategy, targets, performance and emerging industry trends, and an Audit Committee, which monitors the non-financial reporting process and the effectiveness of internal control and risk management over non-financial reporting. The Managing Board has two members (President and CEO, President and CFO) entrusted with general management including setting the sustainability strategy. The President and CEO chairs the eight-member Executive Committee (12% female, 88% male). Senior Management totals 31 members (10% female, 90% male). A Corporate Affairs Committee and, in 2024, a dedicated Integrated Reporting Program Board support oversight of sustainability and CSRD reporting. The Managing Board formulates the strategy and long-term targets; the Supervisory Board oversees them.

Reference: page 64

ST reports that its governance process for material sustainability matters is being reassessed and formalized, with progress to be reported in coming years. On a quarterly basis the Sustainability Committee, Managing Board, Executive Committee and Senior Management are updated on sustainability topics, performance and targets by the CHRO, the Group VP Sustainability and relevant experts. The Corporate Affairs Committee regularly informs the Managing Board and Executive Committee. In 2024 the CHRO and Group VP Sustainability attended quarterly Sustainability Committee meetings, discussing customer and investor sustainability requirements, environment, value chain and social aspects. The 2024 DMA results were communicated to and approved by the Executive Committee and then presented to the Audit Committee, which acknowledged them. Material IROs identified in the DMA are addressed through specific programs and dedicated activities, with the Executive Committee and Supervisory Board updated on progress. Priority risks managed under the ERM Framework, including sustainability-related risks, are addressed annually by the Managing Board, Executive Committee, Senior Management and Supervisory Board. Targets are set by the Executive Committee, supervised by the Sustainability Committee and reviewed each quarter.

Reference: page 66

The remuneration policy of the Supervisory Board does not include sustainability-related performance. The remuneration policy of the Managing Board, Executive Committee and Senior Management does include sustainability-related performance, with climate-related considerations factored in. The short-term and long-term incentive programs included a KPI for environment and climate (kCO2eq), aligned with ST's previous long-term sustainability targets. For the disclosures required under ESRS 2 GOV-3 paragraphs 27 and 29 on how sustainability-related performance is included in incentive schemes, ST refers to its remuneration report, specifically the Managing Board remuneration structure sections on short-term incentive performance criteria and the 2024 long-term incentive grant, and the Senior Management remuneration structure sections on the short-term 2024 incentive and the long-term incentive, which also cover the Executive Committee. Performance against the environmental and climate KPI is reported in those remuneration sections and in the notes to the consolidated financial statements on equity.

Reference: page 66

In line with its Code of Conduct, ST has embedded responsible business conduct into its governance, strategy and business model, with principles informed by internationally recognized standards. ST recognizes due diligence as an important element in managing its impacts on people and the environment, allowing it to identify, prevent, mitigate and address impacts connected to its business. Its due diligence processes are based on, among others, the UN Guiding Principles on Business and Human Rights and the OECD Guidelines for Multinational Enterprises. Due diligence is described as an ongoing process, with practices and policies routinely evaluated and updated as appropriate. ST provides a mapping table cross-referencing the core elements of the due diligence process, namely embedding due diligence in governance, strategy and business model; engaging with affected stakeholders in all key steps; identifying and assessing adverse impacts; taking actions to address those impacts; and tracking the effectiveness of these efforts and communicating, to the relevant sections of the sustainability statement covering ESRS 2, E1, E2, E3, E5, S1, S2, S3 and G1.

Reference: page 67

ST discloses that the financial risk management and internal control processes which are currently in place will be applied to the sustainability reporting process in the coming years. This reflects that 2024 is ST's first year of reporting on a voluntary basis in alignment with the CSRD and the disclosure requirements of the ESRS. Elsewhere in the governance disclosures, ST notes that its Enterprise Risk Management (ERM) framework currently covers the management and oversight of sustainability-related risks, and that the Company is evaluating how to expand the framework to further embed sustainability-related impacts and opportunities. The Audit Committee monitors the effectiveness of the Company's internal control and risk management systems in relation to non-financial reporting.

Reference: page 68

ST's strategy focuses on sustainable long-term value creation, stemming from key long-term trends in electronic systems across four end markets: Automotive; Industrial; Personal Electronics; and Communications Equipment, Computers and Peripherals. These trends are smart mobility, power and energy management, and cloud-connected autonomous things enabled by edge AI. ST is an Integrated Device Manufacturer (IDM) that designs, manufactures and sells semiconductor devices, handling most manufacturing in-house, with most employees based in Europe, specifically Italy and France. Its value chain comprises an upstream segment (suppliers of raw materials, equipment, energy, gas, chemicals and services, plus subcontractors such as external silicon foundries and OSATs), ST's own operations (R&D concept and design, front-end manufacturing of around 400 stages, electrical wafer sorting, and back-end manufacturing), and a downstream segment of distributors and customers covering product use and end of life. A main foreseen sustainability challenge is increasingly dynamic regulatory requirements on matters such as water consumption reduction and use of hazardous substances, which could affect resources, operations and manufacturing processes.

Reference: page 71

ST's key stakeholders are employees, customers, suppliers including supply chain workers, subcontractors including their workers, investors and affected communities. ST aims to maintain open communication and integrate stakeholder feedback into decision-making, taking interests and views into account when defining its sustainability strategy, ambitions, policies, programs and targets. From 2024 the annual materiality assessment is conducted on a double materiality basis under the ESRS. The Sustainability Committee reviews stakeholder feedback related to sustainability, and through the DMA governance process the Executive Committee, Audit Committee and Supervisory Board are informed of the results of the stakeholder consultation. In 2024 stakeholders were consulted for the DMA to identify sources of their interests and concerns, collect perspectives supporting the identification and assessment of IROs, and check completeness of identified material matters. Engagement varies across sites and levels, including corporate surveys, a bi-annual general employee engagement survey and a bi-annual employee survey on specific topics. ST identifies main topics of interest per stakeholder group and, at the end of 2024, developed a structured stakeholder engagement approach described in its Stakeholder Engagement Policy.

Reference: page 73

The material IROs identified and assessed through ST's 2024 DMA concern environmental, social and governance sustainability matters and are listed and described in detail in the impact, risk and opportunity management section, including programs, dedicated actions and entity-specific targets. Current and anticipated effects of material IROs on the business model, value chain, strategy and decision-making are detailed per IRO, including how material impacts affect people or the environment. ST states that its strategy and business model currently address material impacts and risks and allow the Company to take advantage of material opportunities, with the connection made through the sustainability target setting process. The resilience of the strategy and business model is assessed regularly, at least annually, by tracking progress towards targets and associated programs and by evaluating targets against the outcomes of the annual DMA, taking the relevant time horizons into account. Material standards were E1, E2, E3, E5, S1, S2, S3 and G1. In 2024, based on the DMA, ST did not identify any actual material risks or opportunities, so no related current financial effects are reported.

Reference: page 74

As a fundamental element of CSRD preparation, ST performed a double materiality assessment (DMA) under the ESRS, leveraging and adjusting its Enterprise Risk Management (ERM) methodology so that material risks identified in the DMA are embedded in the overall Company risk map. The DMA was overseen by a cross-functional integrated reporting program board, with results approved by the Executive Committee and presented to the Audit Committee. The process covered scoping (identifying nineteen relevant sustainability matters from ESRS topics), stakeholder consultation through surveys and a research-based data analytics platform including silent stakeholders, pre-assessment by an internal team, subject-matter-expert workshops, consistency checks and validation. Impacts were assessed on magnitude (and, for negative impacts, scale, scope and irremediable character), while risks and opportunities were assessed on likelihood and magnitude, with financial magnitude based on potential effects on net income. IROs were assessed across short, mid and long-term horizons (extended for climate), initially on a residual basis and, where needed, on an inherent basis. Out of nineteen matters, thirteen relating to E1, E2, E3, E5, S1, S2, S3 and G1 were assessed as material. Environmental metrics cover ST's fourteen main manufacturing sites, three large R&D sites and one EWS site.

Reference: page 93

ST states that the sustainability disclosures included in its sustainability statement have been considered relevant based on the significance of the information in explaining ST's approach to sustainability and its management of the material IROs assessed in the 2024 DMA. A table showing the disclosure requirements covered by the sustainability statement is included in Appendix 11.1, and a table showing the data points that derive from other EU legislation is included in Appendix 11.2. The statement was drawn up in alignment with the CSRD and based on the ESRS, using all applicable phase-in options, covering required disclosures on material sustainability matters assessed through the 2024 DMA and other matters for which disclosure is required under the ESRS.

Reference: page 101

ST has not yet adopted a complete transition plan for climate change mitigation that meets all ESRS elements and is continuing to develop one. In 2024 its Executive Committee approved key elements covering decarbonization of own operations, decarbonization of the supply chain, and development of technologies and products that aim to reduce GHG emissions across their life cycle. These elements are covered by ST policies and deployed through action plans, and targets are set on the first two. ST aims to finalize the transition plan within the applicable legal framework in the coming years. ST states it is not excluded from the EU Paris-aligned Benchmarks.

Reference: page 101

ST's Global Environmental Policy sets its approach to managing environmental impacts, risks and opportunities. It is published on st.com, applies at global level to all ST entities and employees, and the CHRO is accountable for its implementation. Climate change mitigation and adaptation are integral to the policy. To mitigate GHG emissions in own operations, the policy aims to minimize direct GHG emissions, maintain environmental certifications for all manufacturing and large R&D sites, train employees, and secure internal and external controls and audits. To mitigate supply chain emissions, it commits to minimize upstream GHG emissions and develop long-term partnerships with suppliers holding responsible environmental standards. On energy, it commits to manage consumption, improve efficiency, and source renewable energy. On adaptation, it commits to define and implement climate adaptation plans addressing relevant physical risks.

Reference: page 102

ST addresses scope 1 and 2 emissions through three decarbonization levers: decreasing climate adverse process gases (CAPG), purchasing renewable energy, and improving energy efficiency. ST aims to abate at least 90% of CAPG GHG emissions by 2030 versus 2024 by installing point-of-use abatement systems, and abated 76% of CAPG GHG emissions in 2024 across its fourteen main manufacturing sites, three large R&D sites and one EWS site. The CAPG lever is estimated at about 24% of the 2024-2030 decarbonization effort, renewable electricity about 19%, and energy efficiency less than 2%. For scope 3, ST launched a supply chain decarbonization program focused on tier one high-emitting suppliers, with levers covering top five subcontractors (about 14%), top fifty goods and services suppliers (about 33%), and engaging all suppliers (about 8%). As of December 31, 2024, CapEx for climate mitigation actions was $28 million, mainly CAPG abatement systems, and OpEx was $6 million, mainly energy certificates.

Reference: page 102

In 2020 ST committed to become carbon neutral by 2027, with an intermediate milestone for 2025 endorsed by the Science Based Targets initiative (SBTi). In 2024 ST set additional targets versus the baseline year 2024: a 20% reduction in absolute scope 1 and scope 2 market-based GHG emissions by 2030 (142 ktCO2eq, of which 54% scope 1 and 46% scope 2); and a 10% reduction in scope 3 upstream GHG emissions by 2030 (384 ktCO2eq) and 20% by 2035 (768 ktCO2eq). ST aims to abate at least 90% of CAPG GHG emissions by 2030 (entity-specific), adopt 100% renewable electricity by 2027 and maintain it thereafter, and achieve cumulative energy savings of 100 GWh by 2035 (entity-specific). The 2024 targets use IPCC GWP AR5 and have not yet been submitted to SBTi, so their compatibility with limiting warming to 1.5 degrees is not yet validated.

Reference: page 108

In 2024 ST's total energy consumption was 3,356,519 MWh, covering its fourteen manufacturing sites, three large R&D sites and one EWS site. Of this, 632,073 MWh came from fossil sources, 74,394 MWh from nuclear sources, and 2,650,052 MWh from renewable sources. Fossil consumption broke down into crude oil and petroleum products 7,023 MWh, natural gas 284,239 MWh, and purchased electricity, heat, steam or cooling from fossil sources 340,811 MWh; ST consumes no coal or other fossil fuel. The energy mix was 19% fossil, 2% nuclear and 79% renewable. The entire ST perimeter operates in a high climate impact sector (NACE 26.11). Renewable energy came from onsite solar generation, offsite power purchase agreements and Energy Attribute Certificates. ST produced 6,071 MWh of renewable energy, mainly from solar panels. Energy intensity was 253 MWh per million U.S. dollars of net revenue.

Reference: page 109

For the year ended December 31, 2024, ST reported gross scope 1 GHG emissions of 538,136 tCO2eq, with no emissions covered by regulated emission trading schemes. Of scope 1, 101,810 tCO2eq (19%) related to heat transfer fluids. Scope 2 emissions were 864,057 tCO2eq location-based and 171,347 tCO2eq market-based. Gross indirect scope 3 emissions (excluding scope 3.11) totaled 3,837,356 tCO2eq, led by purchased goods and services (scope 3.1) at 2,903,098 tCO2eq and capital goods (scope 3.2) at 449,764 tCO2eq, followed by fuel and energy-related activities 259,815, upstream transportation 126,762, business travel 39,182, employee commuting 54,403, and waste 4,332 tCO2eq. ST did not report scope 3.11 (use of sold products) due to complexity and data limitations. Total GHG emissions were 5,239,549 tCO2eq location-based and 4,546,839 tCO2eq market-based. GHG intensity was 395 tCO2eq (location-based) and 343 tCO2eq (market-based) per million U.S. dollars of net revenue.

Reference: page 116

ST's Global Environmental Policy sets the ambition to minimize negative environmental impacts and risks from its own operations and its suppliers, through pollution prevention and actions to minimize the impact of chemical substances. Key elements include a commitment to pollution prevention, a pollution and chemicals management system based on standards and best practices with relevant ISO 14001 certification and EMAS validation of manufacturing and large R&D sites, and minimizing the impact of chemical substances on people and the environment. The policy commits ST to control measures and audits, and to control the concentration and quantity of pollutants in air emissions and industrial wastewater while preventing accidental discharges to soil and groundwater within applicable legal limits. ST's approach to chemical use is to substitute and minimize hazardous materials, including substances of concern and very high concern, and heavy metals where feasible. The Global Water Policy further addresses water pollution impacts. Policies are available on st.com.

Reference: page 118

ST implements continuous and ongoing actions to address material negative impacts and risks related to pollution across air, water and waste. ST set EHS criteria in operational procedures for monitoring chemicals, substances, and emissions to air, wastewater, soil and groundwater, applicable to all manufacturing sites. ST aims to perform internal corporate EHS audits every three years on all manufacturing sites, supplemented by a program of third-party EHS compliance audits. Local sustainability teams and EHS champions deploy programs onsite, monitor and report performance, and engage stakeholders, while a chemical committee at each site reviews best management practices for identified hazards. For air, ST implemented an air emission abatement program focused on reducing VOC emissions across all manufacturing sites using advanced capture and treatment technologies. For chemicals, ST runs replacement programs for hazardous substances, including substances of very high concern, and uses the ECOPACK grading system. ST adheres to the RBA Code of Conduct covering its upstream supply chain, and requires suppliers to comply with its EHS-regulated substances list.

Reference: page 120

In 2024 ST set a voluntary target to decrease VOC air emissions from its fourteen main manufacturing sites, three large R&D sites and one EWS site, to achieve a 70% absolute reduction in kg by 2030 versus 2024, taking into account expected production growth. The baseline value reported in base year 2024 is 265 tons of VOC, covering main manufacturing sites and major R&D sites. The target was defined by simulating implementation of new VOC abatement systems in three specific manufacturing sites while keeping existing systems elsewhere, and is based on scientific evidence regarding the negative impact of VOC emissions on human health and the environment. ST also set a voluntary entity-specific chemicals target in 2024 to make all products manufactured within its own operations 98% halogen-free by 2035. The target is relative, expressed as a percentage of total volume of products manufactured, with a 2024 baseline of 93% halogen-free. ST plans to qualify the forecast 4% of products containing halogenated mold compounds with new materials.

Reference: page 121

As of December 31, 2024, ST disclosed pollutants emitted to water (in kg) that exceeded applicable E-PRTR Annex II thresholds at site level: chlorides (as total Cl) 2,020,992; fluorides (as total F) 115,864; total nitrogen 111,040; total organic carbon (TOC) 59,655; total phosphorous 7,517; copper and compounds 1,797; zinc and compounds 285; nickel and compounds 92; arsenic and compounds 61; cadmium and compounds 51; lead and compounds 32; and mercury and compounds 3. Pollutants emitted to air (in kg) were non-methane volatile organic compounds (NMVOC) 142,031 and vinyl chloride 89,082. ST analyzed the 91 pollutants listed in E-PRTR Annex II, with pollutants measured at site level driven by local environmental permits. Soil pollutants are not released by any ST manufacturing site according to the E-PRTR definition. ST does not generate, use, procure or emit microplastics. Emissions to water relate to wastewater discharged to sewer or to surface water, measured via direct monitoring rather than estimates for most of the perimeter.

Reference: page 122

As of December 31, 2024, ST disclosed (in kg) substances of concern (SOCs) generated, used or procured during production of 5,304,215, and SOCs that leave the facilities as emissions, as products, or as part of products or services of 4,127,864. For substances of very high concern (SVHCs), the amount generated, used or procured during production was 25,756 kg, and the amount leaving facilities as emissions, products or part of products or services was 36,463 kg. The computation covers substances procured, substances leaving facilities as part of products, and substances leaving facilities as emissions. The SOC list comes from the ATP 18 Table of the CLP Regulation (EC) No 1272/2008 as published by ECHA, while SVHCs meet the criteria of Article 57 of REACH (EC) No 1907/2006. ST does not manufacture new SOCs or SVHCs. ST is not disclosing amounts split into main hazard classes due to limited guidance from ESRS, ECHA and EFRAG, and will provide this split once the matter is clarified.

Reference: page 125

ST's Global Water Policy details its ambitions to manage water-related risks, including risks of water shortages, across its own operations and its expectations on water management towards major subcontractors. The policy is available on st.com, is applied globally to all ST entities and employees, and ST's CHRO is accountable for its implementation. It states ST's ambitions for improved water efficiency and recycling, supported by water governance and monitoring strategies, and covers ST's use and sourcing of water in its own operations and water treatment as a step towards more sustainable sourcing. The policy rests on four key principles: commit to water preservation; managing water risks and opportunities; development of solutions enabling effective water management; and engaging with stakeholders. ST holds ISO 14001 certifications and EMAS validations, and its Shenzhen, China manufacturing site is AWS platinum certified. ST participates in the RBA and the AWS framework. The policy requires water-management best practices at all manufacturing sites, including the six sites located in high water stress areas.

Reference: page 127

To achieve the objectives of the Global Water Policy, ST operates a water management process that documents, characterizes and monitors water sources, consumption and discharge, seeks opportunities to conserve water, and controls channels of contamination. Performance and management systems are evaluated annually through third-party surveillance audits, with certifications renewed every three years. Because manufacturing semiconductors requires a large volume of water, ST implements actions at all manufacturing sites to improve water efficiency, with site-level action plans through dedicated water roadmaps and designated water champions. Example actions include smart water metering to detect leaks and wastage, process optimization to minimize water use in idle equipment, drain segregation to increase recycling rates, recycling water via reverse osmosis and ultra filtration, reuse of recycled water for cooling towers and scrubbers, and onsite or municipal wastewater treatment before discharge. At its Crolles, France site, ST started a pilot line to recycle final aqueous discharges into ultra-pure water. ST is also a member of ESIA, the European arm of the WSC.

Reference: page 128

In 2024 ST set a voluntary entity-specific target to achieve an annual water recycling rate of at least 60% by 2035. Additionally, ST aims to annually save water reaching 6 million cubic meters of water saved by 2035 versus 2024. These targets relate to ST's own operations, covering its fourteen main manufacturing sites and one EWS site. The water recycling target was calculated from a 2024 baseline by applying anticipated annual savings from existing projects, yielding a simulated 60% recycling rate by 2035. The recycling rate is computed as C+R divided by W+C+R, where C is onsite reused and recycled wastewater, R is externally reused and recycled wastewater, and W is external sources of water used including rainwater. The 2024 baseline for water recycling is 54%, calculated using a new formula that takes into account external recycling. The water saving target relates to absolute volume saved annually, with a cumulative 6 million cubic meters estimated and a 2024 baseline of 0 cubic meters saved as projects start in 2025.

Reference: page 129

In 2024, ST's total water consumption amounted to 5,072,354 m3, of which 1,391,169 m3 was in areas at water risk including areas of high water stress. Total water recycled was 15,927,655 m3, total water stored was 14,124 m3, and changes in water storage were not significant. The water intensity ratio was 382 m3 of total water consumption in own operations per million USD net revenue. Information is collected across fourteen manufacturing sites and four main R&D sites, sourced from direct measurements or calculated from measurements, with about 4% of the recycled volume and 1% of the discharge water amount estimated. Water consumption represents water drawn into the boundaries of the undertaking and not discharged back to the water environment or a third party over the reporting period. Areas at water risk and high water stress were identified using the Aqueduct Water Risk Atlas tool of the World Resources Institute and the CSRD Annex definition. Six sites, of which two main R&D sites, are present in areas at water risk. Water stored corresponds to water held in tanks for fire safety purposes.

Reference: page 132

Waste management and circular economy principles are integral parts of ST's Global Environmental Policy, which is publicly available on st.com to stakeholders, including those potentially affected. The policy commits ST to pollution prevention, reduced consumption of natural resources, reduction of waste, maximized recycling and circular economy, and minimized impact of chemical substances on people and the environment. It commits to incorporating environmental criteria into all stages of the product life cycle, from design to procurement, manufacturing, sales and end of life. ST prioritizes the waste hierarchy of reduction, preparation for reuse, recycling and recovery, treating landfill and incineration as a last resort. The policy supports management of negative impacts from residual waste generated by own operations, suppliers and subcontractors, and from the residual presence of harmful materials in products. ST commits to maintaining environmental certifications including ISO 14001, EMAS validation and the RBA standard, and to implementing control measures and audits.

Reference: page 133

ST implements continuous, ongoing actions on waste and circular economy across its manufacturing sites, with site-level action plans to increase recycling rates. Actions to reduce and prepare for reuse include optimizing material packing processes, improving wastewater treatment to reduce waste sludge, and reusing certain chemicals from manufacturing in wastewater treatment. Recycling and recovery actions include traditional recycling of paper, cardboard, plastics and wood; recycling sludge into secondary raw materials and building materials; recovering metals through dismantling electronic waste; recycling silicons and metals from scrapped devices; energy recovery from certain chemical waste; and composting organic waste. End-of-life programs include ECOPACK processes to monitor and replace harmful substances, the Sustainable Engineering Program for circularity and recycled materials, and participation in collaborative R&D projects such as EECONE. ST requires suppliers and subcontractors to adhere to RBA standards. Performance is evaluated through annual third-party surveillance audits, with certifications renewed every three years.

Reference: page 134

ST has set a voluntary annual target to prepare for reuse, recycle and recover at least 95% of its waste, and to limit waste disposal to below 5% per year. The target is relative to total waste generated, expressed as a percentage, and covers ST own operations only, namely its fourteen main manufacturing sites, three large R&D sites and one EWS site. No specific scientific evidence was used to set the target; it was deduced from maintaining current performance, promoting waste segregation and considering new recycling opportunities. It contributes to UN SDG 12.5. In 2024, ST achieved a 97% preparation for reuse, recycling and recovery rate, with a 3% waste disposal rate. The previous target to recover 95% of waste by 2025 was changed in 2024 to an annual target. The prior target for an annual landfill rate below 3% was updated in 2024 to include both landfilled and incinerated waste without energy recovery, broadening the scope so future results cannot be directly compared with prior disclosures.

Reference: page 135

Under its double materiality assessment, ST identifies the management of waste from its own operations as the material matter associated with resource outflows. ST's waste management process prioritizes recycling over disposal to avoid landfill and incineration, striving to create value from waste by converting it into secondary raw materials that can be used in other industries. ST does not generate any radioactive waste. The annual target aimed at resource outflows seeks to reduce waste generation, maintain high rates of preparation for reuse, recycling and recovery by extending the lifecycle of materials, and limit the amount of waste disposed in landfills. As of December 31, 2024, ST generated a total of 76,693,366 kg of waste, of which 74,499,266 kg was diverted from disposal and 2,194,100 kg was directed to disposal.

Reference: page 135

As of December 31, 2024, ST generated a total of 76,693,366 kg of waste, comprising 30,231,630 kg of hazardous waste and 46,461,736 kg of non-hazardous waste. Of the total, 74,499,266 kg was diverted from disposal and 2,194,100 kg was directed to disposal. Recyclable waste totaled 61,357,836 kg and non-recyclable waste 15,335,530 kg, the latter representing 20% of total waste. Of waste diverted from disposal, hazardous waste of 29,173,086 kg broke down into 3,077,146 kg preparation for reuse, 20,356,882 kg recycling and 5,739,058 kg other recovery; non-hazardous waste of 45,326,180 kg broke down into 561,634 kg reuse, 41,000,954 kg recycling and 3,763,592 kg other recovery. Of waste directed to disposal, 1,058,544 kg was hazardous (838,080 kg incineration, 220,464 kg landfill) and 1,135,556 kg non-hazardous (177,990 kg incineration, 957,566 kg landfill). ST does not generate radioactive waste. ST's voluntary target is to recover at least 95% of waste annually and limit disposal below 5%; in 2024 it achieved a 97% recovery rate and a 3% disposal rate.

Reference: page 154

ST states it aims to uphold the highest standards of labor and human rights through due diligence programs to identify, prevent, mitigate and remediate adverse impacts. Policies include the Code of Conduct, the Corporate Social Responsibility Policy and the Corporate Labor and Human Rights Procedure, informed by the UN Guiding Principles, OECD Guidelines and the ILO Declaration, and embedding the RBA Code of Conduct. These apply to all ST entities and employees and cover prohibition of forced labor, child labor, discrimination and harassment; fair working time, wages and conditions; freedom of association and privacy; and employee well-being and safety. Separate policies cover health and safety (Corporate OH&S Policy), equal treatment and opportunities, and data privacy (a GDPR-based personal data protection program). Implementation of the labor, equal treatment and OH&S policies is overseen by the CHRO and the documents are publicly available on st.com.

Reference: page 156

ST engages with its own workforce and workers' representatives on topics including working conditions, labor and human rights, privacy, health and safety, wages and benefits, and equal treatment, under the oversight of the CHRO. The main corporate channel is a global employee survey held at least every two years, supported by an action planning process across regions and functions, plus bi-annual topical surveys. An equal treatment index within the survey captures the perspectives of specific groups such as women and people with disabilities. Local channels include suggestion systems and onsite in-person events such as RBA day and sustainability week. ST has specific processes for vulnerable or marginalized people, including foreign migrant workers who receive pre-departure training and post-arrival surveys, and Employee Resource Groups (WISE for women, Blossom, STAND for LGBTQIA+, and ABLE for people with disabilities launched in 2024). Many sites engage with workers' representatives at least quarterly.

Reference: page 158

Where ST has caused or contributed to a material negative impact, it takes corrective action and provides remedy. Corrective action plans close gaps between local practices and ST's social sustainability standards as identified in internal and external audits, with evidence gathered and reviewed to ensure implementation. For unequal pay, ST monitors its gender pay ratio each quarter, comparing women's and men's salaries by job level for each country, and works to close identified gaps. A procedure handles personal data breach reports, with incidents reported through a designated channel and escalated to the CSIRT and Head of Global Privacy. The ST Ethics Hotline allows employees and third parties to report potential violations of the Code of Conduct, laws, policies or values. ST audits practices at major sites against its Corporate Labor and Human Rights Procedure at least every three years, assessing grievance mechanism awareness and analyzing records for evidence of retaliation.

Reference: page 160

ST's 2024 DMA identified only material potential negative impacts and one material risk, so actions aim to mitigate and prevent these. For labor and human rights, ST deploys annual risk assessments at major sites, monthly monitoring of social matters such as working hours and leave, and an audit framework based on RBA third-party audits (aimed every two years at the largest manufacturing sites) and internal corporate labor human rights audits (at least every three years at main sites). Corrective actions must be implemented within twelve months, with RBA closure audits between nine and eighteen months. Labor and human rights training is provided to new hires and refreshed annually. For health and safety, ST runs the Safety First program, an internal EHS audit program, medical surveillance and biomonitoring for chemical exposure, and the STCare well-being program tracking stress, anxiety, depression and burnout quarterly. For equal treatment, actions include gender pay ratio monitoring, flexible working, equal treatment e-learning, unconscious bias workshops, ERGs and mentorship.

Reference: page 165

ST has set several entity-specific targets. On health and safety, it aims for an annual Total Recordable Case Rate of 0.75 or less for work-related injuries and illnesses of its own workforce including onsite value chain workers; the 2024 base year baseline TRC Rate was 0.65. On working conditions and human rights, it aims to achieve RBA Platinum recognition for eleven majority-owned main manufacturing sites by the end of 2030, with ten of eleven sites already recognized at the 2024 base year. On equal treatment, ST aims to maintain an adjusted gender pay gap below 5% throughout its operations, with a 2024 baseline of -1.8%. ST also targets representation of women in management roles of at least 25% by 2035 and women in Senior Management roles of at least 25% by 2035; at December 31, 2024 it had 21% women in management and 10% in Senior Management. Targets are monitored quarterly.

Reference: page 169

As of December 31, 2024, ST had 50,884 employees in headcount, of which 33,182 were male and 17,702 were female (about 35% women); no employee reported "other" and all reported their gender. The average number of employees during the reporting year was 51,961. By country, France had 12,957 employees and Italy 12,726, with 25,201 in other countries; ST is present in 40 countries. By contract type, there were 49,124 permanent employees and 1,760 temporary employees, meaning roughly 97% of employees were on permanent contracts. There were 49,464 full-time and 1,420 part-time employees, with no non-guaranteed hours employees. Most employees are permanent and full-time. During 2024, 3,063 employees left ST, a turnover rate of 6%, of which 75% were voluntary departures. ST defines an employee as any person with an employment contract under national law; apprentices are counted as employees while interns are treated as non-employees.

Reference: page 170

As of December 31, 2024, ST had 3,015 non-employees in headcount within its own workforce. Non-employees include interns or thesis students, agency or temporary workers, and contractors, and the figure includes non-employees on leave. All data are actual figures captured in ST's Human Resources system. The total includes self-employed people represented by contractors working for ST during the reporting year, consistent with the standard's definition (contractors hired to perform work that would otherwise be done by an employee, or to deliver work or service directly at ST's or a client's workplace). It also includes people considered primarily engaged in employment activities in line with NACE code N78, whose work is under ST's direction, including those who filled in for temporarily absent employees due to illness, holiday or parental leave.

Reference: page 170

At top management level, as of December 31, 2024, ST had 31 people, of whom 28 were male (90%) and 3 were female (10%). Top management, as defined in the General section, includes the Managing Board, Presidents and Executive Vice Presidents. By age group, ST's 50,884 employees were distributed as 10,980 under 30 years old (21%), 25,728 aged 30 to 50 years old (51%), and 14,176 over 50 years old (28%), so more than half of employees were aged between 30 and 50.

Reference: page 171

ST seeks to offer a competitive compensation and benefits package based on industry survey results in the regions where it operates. At a minimum, ST aims to comply with applicable wage laws and collective bargaining agreements, including minimum wages, overtime hours and legally mandated benefits. Attaching importance to the standard of living of its employees, and in the context of the CSRD, ST collected and analyzed the remuneration of all its employees across the entire company. The results show that no ST employee earns less than the adequate wage as defined in the European CSRD regulation.

Reference: page 172

As of December 31, 2024, 88% of ST's own workforce (employees and non-employees) was covered by a health and safety management system, with the same 88% covered by a system internally audited or externally audited or certified, based largely on ISO 45001. ST reported zero fatalities from work-related injuries and zero from work-related ill health, for both its own workforce and value chain workers working on its sites. There were 52 recordable work-related accidents for employees, with a rate of recordable work-related accidents of 0.54, and zero recordable accidents for non-employees; half of the accidents related to slipping, tripping or falling in common areas. ST recorded 6 cases of recordable work-related ill health subject to legal data collection restrictions. The number of days lost to work-related injuries and fatalities, work-related ill health and fatalities from ill health amounted to 1,730 for employees. Rates represent cases per one million hours worked, with hours mostly derived via automatic badging.

Reference: page 173

The unadjusted gender pay gap within ST, as defined by the CSRD, calculated as the difference between men's and women's average hourly wage as a percentage of men's average hourly wage, was 32% for all employees. ST attributes this mainly to a higher proportion of men at higher levels of responsibility combined with a relatively higher proportion of women in operator roles in countries such as China, Malaysia, Morocco, the Philippines and Singapore. The annual total remuneration ratio of the highest paid individual to the median annual total remuneration for all employees was 171. The ratio was calculated across all 40-plus countries where ST operates, including those significant manufacturing locations which represent approximately 38% of the global population. ST also separately reports an adjusted gender pay gap of -1.8% for all employees (operators -4.2%, non-exempts -3.3%, exempts 0.3%).

Reference: page 174

The ST Ethics Hotline allows employees and interested third parties to express concerns about potential violations of ST's Code of Conduct, applicable laws, policies or values. Disclosure on reported work-related incidents, complaints and severe human rights impacts within ST's own workforce, and any related material fines, sanctions or compensation for the reporting period, is provided in Section 3.4.5.3.A (Business Conduct - Business conduct policies and corporate culture). An overview of incidents, complaints and severe human rights impacts is reported in that same business conduct section.

Reference: page 177

ST's Supply Chain Responsibility Standard Operating Procedure sets a transversal framework for social and environmental due diligence in the supply chain. It is aligned with the RBA (Responsible Business Alliance) Code of Conduct, which ST adopted as its supplier code of conduct. All tier one suppliers must sign an acknowledgement and commitment to the RBA Code of Conduct, which explicitly prohibits forced labor, human trafficking and child labor and references the UN Universal Declaration of Human Rights, OECD Guidelines, UN Guiding Principles, and ILO Fundamental Conventions. ST has over 6,000 direct suppliers worldwide. In 2024, no severe human rights impact related to child labor, forced labor or human trafficking was identified, though supplier audits found cases of non-respect involving retention of workers' identity documents, withholding of wages and debt bondage among the eleven ILO forced labor indicators. A separate Policy Statement on Conflict Minerals and Responsible Minerals Sourcing, aligned with RBA standards, covers mines and smelters workers. Implementation falls under the Head of Global Procurement.

Reference: page 178

ST engages supply chain workers through multiple channels. Direct engagement occurs during RBA supplier audits conducted at supplier facilities identified as high sustainability risk; these onsite assessments, commonly performed every two years while a facility remains high risk, systematically include worker interviews. Per the RBA validated audit process standard, interviewees represent a range of diverse worker profiles, including those who may be vulnerable or marginalized. Interviews are conducted privately and confidentially, allowing auditors to collect information on the site, working conditions, worker treatment and adherence to labor and human rights, and to share how to access the RBA grievance mechanism. Interviews can lead to corrective action plans and remediation. Informal interactions also occur during third-party assessor visits in dormitories, canteens and common areas. For supply chain workers present on ST sites, induction training by site sustainability champions covers health and safety, the Code of Conduct, the RBA Code of Conduct and the Ethics Hotline. The Global Procurement Organization manages the due diligence program with dedicated staff.

Reference: page 179

Providing or contributing to remediation of material negative impacts on supply chain workers is part of ST's due diligence process. Impacts are assessed during RBA audits and internal corporate EHS or labor human rights audits. Depending on the outcome, ST requires the supplier to deploy appropriate remediation; for third-party audits, the RBA must approve the supplier remediation plan, which is monitored by the Third Party Management Department and closed only on shared evidence within a predefined timeframe. Workers and stakeholders can raise concerns through ST's 24/7 multilingual Ethics Hotline, anonymously and without fear of retaliation. Aligned with the RBA Code of Conduct, ST expects suppliers to maintain their own grievance channels, assessed during RBA audits. Supply chain workers can also use third-party channels: RBA Voices (for workers of RBA members and their suppliers) and the RBA Responsible Minerals Initiative (RMI) grievance mechanism for mine and smelter activities. These channels allow anonymous use, protect against retaliation and provide feedback tracking.

Reference: page 180

ST's responsible supply chain program, drawn from the OECD Guidelines for Multinational Enterprises, takes action to identify, prevent, mitigate and account for material negative impacts on suppliers' workers, including child and forced labor. Before onboarding, ST performs a risk evaluation including forced labor, and annually carries out a risk assessment of all tier one suppliers based on business activity and location; this can lead to suspending or ceasing a high-risk supplier relationship. The RBA due diligence program has three steps: a supply chain responsibility commitment letter, an RBA self-assessment questionnaire, and an RBA-based audit (third-party or second-party, valid for two years) with non-conformance closure, verified through a closure audit no later than one year after the initial audit. ST has been a member of the RMI since 2011 and requires suppliers to source from smelters conforming to the RMAP standard and to provide updated CMRT. Sustainability is integrated into supplier performance management, with sanctions for unacceptable ratings. In 2024 the Global Procurement Organization received awareness training on child and forced labor. ST's senior CSR director sits on the RBA board of directors.

Reference: page 182

ST's ambition is a zero-tolerance approach for child and forced labor in its supply chain. The company has decided to take steps toward setting targets regarding its tier 1 suppliers (including subcontractors) in relation to conducting regular sustainability audits of tier one suppliers' facilities at high risk, and addressing priority findings (as defined by the RBA validated audit process standard) related to child and forced labor through corrective action plans. ST states it is working toward finalizing baseline data and monitoring methodologies to enable adoption of these targets and will report on progress in future reports. ST had previously set a target to conduct regular supply chain risk assessment and audit 100% of its high-risk suppliers by 2025, which it proposes to renew.

Reference: page 185

ST aims to manage its business operations responsibly within the communities where it operates, making responsible use of shared natural resources such as water and minimizing negative impacts on local affected communities. The Global Water Policy details ST's ambitions to manage water within operations and its expectations toward major subcontractors. ST has aligned its policies and targets with international standards including the UN SDGs, the RBA Code of Conduct and the Alliance for Water Stewardship (AWS) standards, and respects human rights to water access and sanitation at the workplace and throughout the supply chain. No cases of non-respect of the UNGPs, ILO Declaration or OECD Guidelines involving affected communities have been reported in ST's own operations, and ST is unaware of such cases in its value chain. ST is certified for ISO 14001 and validated by EMAS for its water management system. For subcontractors, the RBA Code of Conduct requires participants to implement a water management program, seek opportunities to conserve water and control contamination channels.

Reference: page 186

ST sites engage with affected communities in various ways according to local needs, on a regular or ad hoc basis, including via local NGOs, community organizations or town hall events. ST's main manufacturing sites are ISO 14001 certified, providing a framework for stakeholder engagement, and ST is part of the AWS, whose standard involves significant engagement with local stakeholders on shared water challenges. Currently ST focuses on affected communities located where its own operations are and is, with subcontractors, assessing how to organize engagement with subcontractors' communities. In 2024 ST performed a water management assessment analyzing its impact on water associated with main subcontractors' operations, finding that the majority of in-scope subcontractors are ISO 14001 certified. At the end of 2024 ST developed a structured stakeholder engagement approach, with main principles set out in a Stakeholder Engagement Policy published early 2025 on st.com. Engagement is led by individual sites and site directors; the most senior operational role is the head of the Central Construction, Facilities and Site Services Department.

Reference: page 187

Affected communities can raise concerns through ST's Ethics Hotline, with cases handled through the process described in the Business Conduct section. In its engagement with affected communities in specific cases, ST raises awareness of the Ethics Hotline, which is available to employees and interested stakeholders on st.com. By applying the RBA Code of Conduct as its supplier code of conduct, ST supports the availability of channels to raise concerns via its suppliers and subcontractors. Where ST has caused or contributed to a material negative impact on affected communities, it takes appropriate corrective steps, such as remedy, depending on the nature of the matter.

Reference: page 187

ST's Corporate Water Program is deployed at all its manufacturing sites and aims to minimize its water footprint and monitor water-related risks, with dedicated water champions and water roadmaps for front-end and back-end sites. In 2024, no severe human rights issues or incidents connected to affected communities were reported. ST's main manufacturing and relevant non-manufacturing sites are ISO 14001 certified and EMAS validated, audited annually by a third party, with environmental indicators measuring effectiveness. To manage subcontractors' impact on water availability, ST maintains regular contact to reinforce expectations under its Global Water Policy. For specific projects, ST considers impacts on local communities; for example, the Crolles, France site expansion included research on noise and water impacts, a public consultation and a dedicated project website allowing local communities to ask questions and give feedback. The independent Ethics Hotline is available to third parties, with cases tracked to closure under the Speak-up Policy. Sustainability matters affecting communities are managed by Corporate Sustainability specialists, with site managers accountable for local compliance.

Reference: page 188

In 2024 ST set an entity-specific target to achieve AWS (Alliance for Water Stewardship) certification for 100% of its fourteen main manufacturing sites and one EWS site by 2035. This target aims to mitigate negative impacts on local communities by ensuring sites meet the highest standards of water stewardship. The AWS is a global membership-based network of businesses, NGOs and the public sector, and its international standard includes independent third-party certification and emphasizes stakeholder engagement. The base year for the target is 2024, and as of December 31, 2024 ST had received its first AWS certification for one of its manufacturing sites. ST will track progress on a quarterly basis. The target contributes to UN SDG 6 (clean water and sanitation), UN SDG 3 (good health and well-being) and UN SDG 12 (responsible consumption and production).

Reference: page 192

ST's corporate culture and business conduct sit within a structured framework based on three pillars: prevention, detection and correction. Its Code of Conduct, signed in the introduction by the President and Chief Executive Officer, sets out values and expectations for conducting business with the highest standards of integrity and is translated into the ten most spoken languages in the group, including English, French, Italian, German, Arabic, Chinese, Korean, Japanese, Malay and Portuguese. The Code applies to all ST entities and employees and is available on st.com. An Addendum focuses on preventing and detecting corruption. Supporting policies include the Anti-Bribery and Corruption Policy, the Conflict of Interest Policy, the Speak-up Policy, a third-party due diligence procedure, the Insider Trading Policy and a Donation, Fundraising and Sponsorship procedure. Implementation is overseen by the Chief Compliance and Ethics Officer. Code of Conduct training is mandatory on hiring with annual refreshers, supported by e-learnings on topics such as conflicts of interest, anti-bribery and corruption, and harassment.

Reference: page 197

ST prevents bribery and corruption through third-party business integrity due diligence before any dealings, training of employees and third parties, the Ethics Hotline available to everyone, and annual global and local risk mapping targeting bribery and corruption risk. Detection relies on reports received through the Ethics Hotline, which is hosted by an independent third-party whistleblowing provider, available 24/7 in more than 30 languages, and managed in line with the GDPR, alongside internal monitoring and auditing controls. The Anti-Bribery and Corruption Policy sets a zero-tolerance stance toward any form of corruption and is consistent with the UN Convention against Corruption. Investigators are duly authorized and independent of the reported situation. In the reporting year, 74 percent of functions-at-risk were covered by training programs, and 100 percent of members of the administrative, management and supervisory bodies were trained on the prevention of corruption and bribery. Training for at-risk functions runs every two years and annually for management and supervisory bodies.

Reference: page 198

In the reporting year ending December 31, 2024, ST recorded zero convictions for violation of anti-corruption and anti-bribery laws and zero in fines for such violations. Because there were no convictions or fines, no specific action had to be taken to address breaches in procedures and standards of anti-corruption and anti-bribery. Bribery and corruption incidents, when they arise, are addressed through ST's disciplinary system, with sanctions proportionate to the misconduct and applied following the conclusion of a disciplinary procedure as required in the relevant country. Concerns, including incidents of bribery and corruption, are reported and processed through the Ethics Hotline and verified by either the Chief Compliance and Ethics Officer or the Chief Audit and Risk Executive. ST rejects any form of retaliation against whistleblowers or witnesses, with a strict non-retaliation policy in its Code of Conduct and Speak-up Policy, and applies the EU Whistleblowing Directive across the group worldwide.