Voluntary Carbon Market DisclosuresDOLBY LABORATORIES, INC.

23 December 2023

Dolby, Dolby Atmos, and the double-D symbol are registered trademarks of Dolby Laboratories Licensing Corporation. © 2023 Dolby Laboratories, Inc. All rights reserved.

CarbonNeutral Business Travel Certification
Since 2020, Dolby has achieved CarbonNeutral business travel certification
annually. This involves the completion of our full greenhouse gas inventory(Scopes 1, 2 and 31), third-party assurance of that inventory, and then the
procurement of third-party verified, high-quality carbon offsets to neutralize
our business travel footprint.
Our process and certification is in alignment with The CarbonNeutral Protocol.
This Protocol is updated annually to ensure it reflects the latest developments in emissions
measurement and reductions. The CarbonNeutral Protocol Advisory Council is made up of business,
NGO and scientific experts who work to ensure it follows industry, policy and scientific best practice,including, but not limited to, current legislation.

Assurance
Dolby engages Apex Companies, an independent third party, to provide a limited level of assurance
verification of our greenhouse gas (GHG) inventory. The scope of their review includes our Scope 1, 2
and 3 GHG emissions. More details are available in the third-party assurance and verification statement
available on our website.

About this Report
This report has been prepared in compliance with California’s Assembly Bill 1305 (AB 1305).

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Scope 1 includes direct emissions from sources that a company owns or controls. Scope 2 includes indirectemissions from the generation of electrical power that a company purchases. Scope 3 encompasses indirectemissions from a company’s value chain, including its suppliers and customers.
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Dolby, Voluntary Carbon Market Disclosures

Carbon Projects
As a global company, our carbon offset strategy includes investing in credits from a combination of
avoidance and removal projects around the world. We select high-quality, third party-verified offset
projects that also provide numerous co-benefits to the local communities in which they operate inalignment with the UN’s Sustainable Development Goals, as well as our Social Impact and Sustainability
strategy.
All of the carbon offsets that we purchase are verified by one or more of the following standards bodies:• Verified Carbon Standard (VCS),• Climate, Community & Biodiversity (CCB)• Gold Standard (GS)• Clean Development Mechanism (CDM)
Project List:
1. Rural Clean Cooking, India
2. Three Rivers Grasslands Restoration, China
3. Tongba Hydro Power, China
4. Jurua Amazon Rainforest REDD+, Brazil
5. Karst Mountain Afforestation, China
6. Sichuan Household Biodigester, China
7. Gyapa Efficient Cookstoves, Ghana
8. Orb Rooftop Solar, India
9. Black River Afforestation, China
10. Rucas Amazon Rainforest REDD+, Brazil

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Dolby, Voluntary Carbon Market Disclosures1. Rural Clean Cooking, India
Seller Name:
Climate Impact Partners
Registry Project Name:Household Biogas Plants in Rural Parts of Central India
Registry:
Gold Standard
Project ID:
10782
Type:
Avoidance/Emission Reduction
Protocol/Methodology:
AMS-I.E. Switch from non-renewable biomass for thermal applications by the user
Contract ID:
DLB007
Project Description:
This project installs biodigesters to convert waste from cattle into biogas, which is a closed loop clean
energy solution for cooking and heating. Carbon finance lowers the cost of purchase and installation forthe biodigester tank and cookstove for users. The biogas burns cleanly, reducing indoor air pollution andreplacing emissions from fuel wood. The project also creates a circular economy for biogas which avoids
waste, improves sanitation and creates jobs for installing biodigesters.
The projects target low-income and smallholder farmers in rural areas across India with a solutionthat produces clean and affordable energy with animal waste that otherwise go unused, emitting
methane and threatening nearby water sources. The solution is a small fixed-dome biogas tank, also
known as anaerobic digesters, that provides a clean, affordable, and convenient form of energy to ruralfamilies with cattle that create odor and waste problems.
The project reduces emissions by preventing the release of methane from animal waste and by replacing
the use of unsustainable fuels like firewood, charcoal and kerosene, and unsustainable chemicalfertilizers. In addition, jobs are created for local populations, household sanitation is improved, and air
pollution is reduced to enhance the health of families.
Drives progress on the following Sustainable Development Goals:
•
•
•
•
•

Good Health and Well-Being (SDG3)
Affordable and Clean Energy (SDG7)
Decent Work and Economic Growth (SDG8)
Industry, Innovation, and Infrastructure (SDG9)Life on Land (SDG15)

More details about this project can be found at: https://www.climateimpact.com/global-projects/ruralclean-cooking-india/

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Dolby, Voluntary Carbon Market Disclosures2. Three Rivers Grasslands Restoration, China
Seller Name:
Climate Impact Partners
Registry Project Name:
Guoluo Grassland Sustainable Management Project
Registry:
VCS
Project ID:
2458
Type:
RemovalProtocol/Methodology:
VM0026
Contract ID:
DLB006, DLB007
Project Description:
This Verified Carbon Standard (VCS) and Climate, Community & Biodiversity (CCB) certified project islocated in Guoluo Tibetan Autonomous Prefecture, Qinghai Province, China. The project’s aim is torestore the local degraded grassland ecosystem by seeding grass on degraded land to increase carbon
sequestration and contribute to local development by introducing sustainable grazing and managementof the grassland. This project removes over 450,000 MT CO2e per year
Drives progress on the following Sustainable Development Goals:
•
•
•
•
•

No Poverty (SDG1)
Good Health and Well-being (SDG3)
Gender Equality (SDG5)
Climate Action (SDG13)
Life on Land (SDG15)

More details about this project can be found at: https://www.climateimpact.com/global-projects/threerivers-grassland-restoration-china

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Dolby, Voluntary Carbon Market Disclosures3. Tongba Hydro Power, China
Seller Name:
Climate Impact Partners
Registry Project Name:
Hunan Tongba Small Hydropower Project
Registry:
CDM
Project ID:
4408
Type:
Avoidance/Emission Reduction
Protocol/Methodology:
AMS I.D. – Grid connected renewable electricity generation (Version 16)
Contract ID:
DLB006
Project Description:
Renewable Energy Portfolio - Tongba Hydro Power: Renewable energy projects in this portfolio are vitalto help reduce greenhouse gas (GHG) emissions from the growing global demand for energy, as well as
to build sustainable infrastructure. Energy generation is one of the biggest emitters of greenhousegases, and renewable energy investment is a fast and effective solution to reduce these emissions. The
specific project is the Hunan Tongba, which is a small hydropower project located in the midstream of
the Mishui River, which is the branch of the Xiangjiang River in Yatangpu Town, You County, Zhuzhou
City, Hunan Province, People‘s Republic of China.
Drives progress on the following Sustainable Development Goals:••••

Affordable and Clean Energy (SDG7)
Decent Work and Economic Growth (SDG8)
Industry, Innovation and Infrastructure (SDG9)Climate Action (SDG13)

More details about this project can be found at: https://cdm.unfccc.int/Projects/DB/TUEVSUED1296048204.5/view?cp=1

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Dolby, Voluntary Carbon Market Disclosures

4. Jurua Amazon Rainforest REDD+, Brazil
Seller Name:
Climate Impact Partners
Registry Project Name:
The Valparaiso Project
Registry:
VCS
Project ID:
1113
Type:
Avoidance/Emission Reduction
Protocol/Methodology:
VM007
Contract ID:
DLB006
Project Description:
This is one of three Reducing Emissions from Deforestation and Forest Degradation (REDD+) projects
that aims to prevent deforestation across 105,000 hectares of pristine rainforest in the Amazon basin,
protecting some of the world’s most biodiverse habitats.
With the support of carbon finance, the projects work with communities and local groups to help
protect ecosystem services while providing alternative models of economic development which avoid
destruction of the forest.
This project focuses on granting land tenure and providing agricultural training to prevent deforestationand promote sustainable economic livelihoods.
Drives progress on the following Sustainable Development Goals:••••

No Poverty (SDG1)
Zero Hunger (SDG2)
Good Health and Well-Being (SDG3)
Life on Land (SDG15)

More details about this project can be found at: https://www.climateimpact.com/global-projects/acreamazon-redd-portfolio-brazil/

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Dolby, Voluntary Carbon Market Disclosures

5. Karst Mountain Afforestation, China
Seller Name:
Climate Impact Partners
Registry Project Name:
Anhuang Afforestation Project
Registry:
VCS, CCB
Project ID:
2310
Type:
RemovalProtocol/Methodology:
AR-ACM0003
Contract ID:
DLB003
Project Description:
This project is part of a portfolio of projects restoring over 100,000 hectares of degraded land in total
across the north-western provinces of Gansu, Qinghai and Xinjiang, and the south-eastern province ofGuizhou supporting a drive to create and conserve nature reserves.
Projects in the north province of Gansu are restoring degraded lands with native tree species to enhance
local biodiversity. Tree species including; willow, poplar, elm, spruce, pine, Russian olive, Siberian
apricot, and various shrubs.
Qinghai Province is part of the Tibetan Plateau with an altitude of more than 3,000m above sea level.
Hailed as the "roof of the world", and the "water tower of Asia", the Plateau is a natural habitat for rareanimals. The Qinghai projects are located to the east of Qinghai Lake, the largest lake in China, whichsits at the crossroads of several bird migration routes across Asia.
Drives progress on the following Sustainable Development Goals:••

Decent Work and Economic Growth (SDG8)
Life on Land (SDG15)

More details about this project can be found at: https://www.climateimpact.com/globalprojects/chinese-afforestation-portfolio-china/

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Dolby, Voluntary Carbon Market Disclosures

6. Sichuan Household Biodigester, China
Seller Name:
Climate Impact Partners
Registry Project Name:
Sichuan Rural Poor-Household Biogas Development Programme
Registry:
CDM
Project ID:
2898
Type:
Avoidance/Emission Reduction
Protocol/Methodology:
AMS-1.1. ver. 4-Biogas/biomass thermal applications for households/small users and AMS-III.R. ver. 2Methane recovery in agricultural activities at household/small farm level
Contract ID:
DLB002
Project Description:
This Gold Standard CDM project distributes small-scale biogas plants to low-income rural householdswith livestock across the Sichuan Province of China.
To support rural development and environmental protection, the biogas plants digest manure andrecover the methane by-product through the process of anaerobic digestion. This offers clean andaffordable energy to homes and fertilizer for agriculture.
In addition to reducing greenhouse gas (GHG) emissions, the project improves indoor air quality andsanitation for rural communities. Carbon finance is used to provide financial support, totaling roughly
40% of the cost of the nearly 400,000 biodigesters already distributed.
Drives progress on the following Sustainable Development Goals:
•
•
•
•
•
•
•
•
•
•
•

No Poverty (SDG1)
Zero Hunger (SDG2)
Good Health and Well-Being (SDG3)
Quality Education (SDG4)
Gender Equality (SDG5)
Clean Water and Sanitation (SDG6)
Affordable and Clean Energy (SDG7)
Decent Work and Economic Growth (SDG8)
Industry, Innovation, and Infrastructure (SDG9)Reduced Inequalities (SDG10)
Sustainable Cities and Communities (SDG11)
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Dolby, Voluntary Carbon Market Disclosures•••Responsible Consumption and Production (SDG12)
Life on Land (SDG15)
Partnerships for the Goals (SDG17)

More details about this project can be found at: https://www.climateimpact.com/globalprojects/sichuan-household-biodigesters-china/

7. Gyapa Efficient Cookstoves, Ghana
Seller Name:
Climate Impact Partners
Registry Project Name:
Gyapa Cookstoves Project in Ghana
Registry:
GS
Project ID:
407
Type:
Avoidance/Emission Reduction
Protocol/Methodology:
GS TPDDTEC v 2.
Contract ID:
DLB002
Project Description:
Nearly 3 billion people in the developing world cook food and heat their homes with traditional
cookstoves or open fires. The World Bank estimates 4 million premature deaths occur every year as aresult. In Ghana, more than 80% of the population use solid fuels for cooking.
This project introduces families in Ghana to an efficient cookstove, the Gyapa, that cooks food more
quickly, requires nearly 50% less fuel and is less smoky. The stove not only cuts carbon emissions, butalso reduces exposure to toxic fumes. Reducing the amount of wood used for cooking saves families asmuch as $100 dollars annually, while protecting Ghana’s tree cover, which has decreased 19% since2000 according to Global Forest Watch. The project provides training to local metalworkers andceramists to manufacture Gyapa stoves and distributes through a wide network of local retailers.
Drives progress on the following Sustainable Development Goals:•••

No Poverty (SDG1)
Good Health and Well-Being (SDG3)
Decent Work and Economic Growth (SDG8)

More details about this project can be found at: https://www.climateimpact.com/global-projects/gyapaefficient-cookstoves-ghana/
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Dolby, Voluntary Carbon Market Disclosures8. Orb Rooftop Solar, India
Seller Name:
Climate Impact Partners
Registry Project Name:
Orb Energy Solar Program in India (POA)
Registry:
GS
Project ID:
4289
Type:
Avoidance/Emission Reduction
Protocol/Methodology:
AMS – I.C. Thermal energy production with or without electricity
Contract ID:
DLB006
Project Description:
Orb Energy manufactures, sells, installs, and services a unique range of high-quality solar energy systems
for residential and commercial customers in India. This project has brought over 160,000 reliable solar
power and solar water heating systems to customers throughout the country while cutting
approximately 55,000 MT CO2e per year by replacing the use of kerosene or electricity from a gridreliant on fossil fuels.
Drives progress on the following Sustainable Development Goals:••••

No Poverty (SDG1)
Zero Hunger (SDG2)
Good Health and Well-Being (SDG3)
Life on Land (SDG15)

More details about this project can be found at: https://www.climateimpact.com/global-projects/orbrooftop-solar-india/

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Dolby, Voluntary Carbon Market Disclosures

9. Black River Afforestation, China
Seller Name:
Climate Impact Partners
Registry Project Name:
Zhangye City Afforestation Project in Gansu Province
Registry:
VCS
Project ID:
2370
Type:
RemovalProtocol/Methodology:
AR-ACM0003
Contract ID:
DLB002
Project Description:
This project is part of a portfolio of projects restoring over 100,000 hectares of degraded land in total
across the north-western provinces of Gansu, Qinghai and Xinjiang, and the south-eastern province ofGuizhou supporting a drive to create and conserve nature reserves.
Projects in the north province of Gansu are restoring degraded lands with native tree species to enhance
local biodiversity. Tree species including; willow, poplar, elm, spruce, pine, Russian olive, Siberian
apricot, and various shrubs.
Qinghai Province is part of the Tibetan Plateau with an altitude of more than 3,000m above sea level.
Hailed as the "roof of the world", and the "water tower of Asia", the Plateau is a natural habitat for rareanimals. The Qinghai projects are located to the east of Qinghai lake, the largest lake in China, which sits
at the crossroads of several bird migration routes across Asia.
Drives progress on the following Sustainable Development Goals:••

Decent Work and Economic Growth (SDG8)
Life on Land (SDG15)

More details about this project can be found at: https://www.climateimpact.com/globalprojects/chinese-afforestation-portfolio-china/

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Dolby, Voluntary Carbon Market Disclosures

10.

Rucas Amazon Rainforest, REDD+, Brazil

Seller Name:
Climate Impact Partners
Registry Project Name:
The Russas Project
Registry:
VCS
Project ID:
1112
Type:
Avoidance/Emission Reduction
Protocol/Methodology:
VM0007
Contract ID:
DLB002
Project Description:
This is one of three Reducing Emissions from Deforestation and Forest Degradation (REDD+) projects
that aims to prevent deforestation across 105,000 hectares of pristine rainforest in the Amazon basin,
protecting some of the world’s most biodiverse habitats.
With the support of carbon finance, the project works with communities and local groups to help
protect ecosystem services while providing alternative models of economic development which avoid
destruction of the forest.
Granting land tenure and providing agricultural training to prevent deforestation and promotesustainable economic livelihoods.
Drives progress on the following Sustainable Development Goals:
•
•
•
•
•
•
•

No Poverty (SDG1)
Zero Hunger (SDG2)
Good Health and Well-Being (SDG3)
Quality Education (SDG4)
Decent Work and Economic Growth (SDG8)
Life Below Water (SDG14)
Life on Land (SDG15)

More details about this project can be found at: https://www.climateimpact.com/global-projects/acreamazon-redd-portfolio-brazil/
For more information on Dolby’s environmental commitments, science-based targets, and greenhousegas emissions, please see our reports on our website.

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Dolby, Voluntary Carbon Market Disclosures