12020 SUSTAINABILITY REPORT

2020 Sustainability Report22020 SUSTAINABILITY REPORTCEO Letter
At Dolby, we recognize that what we do and how we work both matter. Our commitment
to innovation and integrity guides all the ways in which we operate. Through innovation,
we create and enable spectacular experiences for people around the world. With integrity,
we strive to fulfill our responsibility as a corporate citizen.
Reflecting on 2020, the COVID-19 pandemic pushes us to think and act differently to adapt
to unprecedented ways of living and working. Issues of equity and racial justice require us
to actively participate in conversations and act for change. And the global climate crisis
leads us to reflect further on how we can help create a different future.
Dolby’s fiscal year 2020 Sustainability Report is a summary of our efforts to act as a good
partner to our customers, employees, shareholders, and communities. Our work falls into
three areas of ongoing engagement.

Our People
We are committed to fostering a workplace environment in which every employee cancontribute their individual experiences and perspectives to our common efforts and totheir roles.

Our Company
We are committed to growing our business and enhancing value through strong
corporate governance, including in our legal and regulatory compliance, risk
management, and security practices.
As we continue on our journey, I look forward to updating you on our efforts to raise thebar on the experiences we create in the worlds of entertainment, technology, business,and beyond. From this report, I hope you’ll better understand how we engage with thestakeholders who contribute to and benefit from our efforts.

Our WorldWe are committed to investing in our local communities and to employing sustainable
environmental practices that help combat global climate change.

Kevin Yeaman
President and Chief Executive Officer

32020 SUSTAINABILITY REPORT

About Us
Since 1965, Dolby Laboratories has been committed
to developing and delivering innovations that create
spectacular experiences and has grown into a leading
developer of audio, imaging, and voice technologies.
Headquartered in San Francisco, Dolby has morethan 2,000 employees around the globe who share
their talents and energy to enable the most immersive
experiences that audiovisual technology can deliverand create a meaningful impact within our communities.
We partner with artists, storytellers, developers,
and businesses to revolutionize entertainment andcommunications with Dolby Atmos, Dolby Vision,
Dolby Cinema, and Dolby.io. People around the world
experience the Dolby difference in movies and TV,
music, sports, gaming, interactive communications,user-generated content, and beyond. Through thescience and engineering of sight and sound, Dolby
empowers everyone to elevate their stories and offer
unforgettable experiences. And we believe how we
do it matters.
This is the Dolby difference.

42020 SUSTAINABILITY REPORTOur People
Creating an environment where individual experiences and perspectives are welcome
and where everyone can belong and thrive is core to who we are. The challenges
we faced as a global community in 2020 shined a spotlight on how more will always
be needed to create and effect change. We sought to bring out the best in ourselves
and focused on three key areas critical to our future: Wellbeing, Diversity, Inclusion,& Belonging and Personal and Professional Growth.

Wellbeing

The uncertainty of 2020 left a personal and indelible impact on eachof us. Throughout the year, we mobilized workforce strategies tosupport our employees and communities. Integrating mental,
physical, and financial wellbeing for our employees, for teams, andfor the organization at large continues to be a priority. We expanded
our mental wellbeing programs beyond counseling support toinclude access to wellness coaching and mindfulness training and wewill continue to design a work environment that prioritizes wellbeing.
As we juggled remote work, social distancing, and physicalisolation, and as the pandemic blurred the lines between our
professional and personal environments, we understood thepower of feeling connected. Since the beginning of COVID-19,
we increased communication through frequent Q&A sessions
with our Executive Leadership Team and beyond and publisheda regular Adapting in the Time of COVID-19 newsletter. We also
launched Dolby@Home, virtual experiences designed to bring joy toevery employee’s household, and created Dolby Together, a global
virtual community and interactive space where employees share theirperspectives, meet new colleagues, and learn from each other.
Along with these programs, we continue to focus on remaining
in close contact with our employees’ wellbeing through manager,
employee, and group communications, along with regularcheck-ins and surveys. During this extraordinary time, Dolby
employees have remained connected. In a company-wide survey
in September 2020, Motivation & Commitment scores showed
an 88% favorability, indicating that we remain connected to ourwork and each other, despite the difficult circumstances.

52020 SUSTAINABILITY REPORTDiversity,
Inclusion, &Belonging

We’re committed to being a part of creating a more equitable world. Different
backgrounds, perspectives, and beliefs bring critical value to our business,
and we’re driven by the knowledge that diverse talent enhances our ability
to imagine, innovate, and grow.
We’re on a journey toward a diverse and inclusive work culture in which
everyone feels they belong. Our Diversity, Inclusion, & Belonging (DIB) strategy
is a driving force behind how we create a different future both at Dolby andbeyond.
To invest in the talent of the future, expand our pipeline, and engage with diverse
talent, we provided financial contributions, employee engagement, and in-kind
support of science, technology, engineering, arts, and mathematics (STEAM)
education and workforce initiatives at the K-12, university, and early-career levels.
We also engaged in strategic partnerships with universities including HistoricallyBlack Colleges & Universities (HBCUs) and Hispanic-Serving Institutions (HSIs) tohelp develop the next generation of diverse talent at Dolby.
To attract and hire a diverse mix of talent, we established partnerships witha number of organizations including AfroTech, Women’s Audio Mission, andassociations representing Women, Black, and Latinx technology professionals.
To empower everyone at Dolby to be co-creators of change, we looked atourselves and what we needed to do to evolve our culture. Offering employees
opportunities to learn and grow through educational sessions, hands-on
workshops, employee-led Employee Network events, and company-led DIB
programs is part of how we will enable change. We also grew our Employee
Network community to encompass 12 networks, convening around manydifferent dimensions of diversity including gender, race, ethnicity, or sharedexperiences, to foster and enable a diverse, inclusive workplace.

Professional networking event
hosted by Dolby and AfroTech

We enabled our employees to become informed of our progress throughpublishing our workforce data internally and externally and regularly hosting
employee conversations about our DIB strategy and specific topics including
racial justice.
In our journey to build an equitable professional environment, we continue tofocus on welcoming employees from diverse backgrounds and fostering anenvironment in which they can flourish. Part of that is equipping our leaders,colleagues, and peers with tools to have open and authentic conversations withthe goal of becoming more aware and more empathetic to others’ experiences.
For example, throughout 2020 and the unique challenges COVID-19 presented,
it was especially important to create space for support and conversation with
our Parents Network. Enabling parents to access resources and share theirpersonal experiences from juggling childcare to managing distance learning,helped navigate the challenges and unfamiliar situations faced by many.
While we have a foundation for our Diversity, Inclusion, & Belonging journey,
we recognize it is only the beginning. We are eager to reinforce and expand
our efforts, drawing on our successes and rethinking where we can continue
to improve and make further progress.
 To learn more, visit our Diversity, Inclusion, & Belonging page on Dolby.com.

62020 SUSTAINABILITY REPORT

People at Dolby*
Data as of September 2020

Global Gender

L EA D ERS

AL L EM PLOY EESTECH NICAL R O LES(DIRE CTORS AN D ABOVE )NON-TECHNICAL ROLES

Female27.4%

Female15.8%

Female16.5%

Female

36.2%

Male

72.6%

Male

84.2%

Male

83.5%

Male

63.8%

U.S. Race and Ethnicity

L EA D ERS

U. S . EM PLOYEESAsian	Black or African
American

31.1%
2.2%

Hispanic or Latino 7.0%
	Native Americanor Alaska Native

0.4%

TECH NICAL R O LES(DIRE CTORS AN D ABOVE )	Native Hawaiian
or Pacific Islander 0.8%
	Two orMore Races

2.4%

White

55.9%

Asian
	Black or African
American

21.5%
1.7%

Hispanic or Latino 3.3%

	Two orMore Races

0.4%

White

73.1%

NON-TECHNICAL ROLES

Asian

33.3%

	Black or African
American	Native Hawaiian
or Pacific Islander 1.1%

1.3%

	Two orMore Races

1.8%

Hispanic or Latino 8.3%

White

57.3%

	Native Americanor Alaska Native

Hispanic or Latino 4.8%
	Native Americanor Alaska Native

0.4%*Race and ethnicity statistics represent U.S. employees only. Categories align with Equal Opportunities Commission options provided to employees who choose to provide ethnicity information.

Asian

29.8%

	Black or African
American	Native Hawaiian
or Pacific Islander 0.6%

2.8%

	Two orMore Races

2.8%

White

55.1%

0.4%

7

2020 SUSTAINABILITY REPORTSPOTL IG HT

The Heart of Our Diversity, Inclusion, & Belonging Efforts
Dolby’s Employee Networks (ENs) are at the heart of our Diversity, Inclusion, &Belonging (DIB) efforts at Dolby. ENs are volunteer-led employee groups aligned
around an aspect or dimension of diversity. They help to build community andenable our DIB strategy through networking events, customized professional
development, cultural education, diverse talent recruitment, and youth outreachto expand our pipeline of talent. ENs not only impact life at Dolby, they also help
with product development and diversifying research and testing projects. Whenone of our research teams built a speech database, they involved EN members to
represent a range of voices. EN members also helped optimize Dolby’s headphone
technology for people across genders and ethnicities by balancing the testing
participant pool.

Employees attend an
International Women’sDay event sponsoredby Dolby Women’s
Empowerment
Employee Network.

Development Programs to Focus
on Personal & Professional Growth
Personal and professional growth is critical in supporting thewellbeing of our employees and nurturing their aspirations andwho they are. We provided personalized resources from one-on-one
coaching to professional development sessions that focused on
how to lead in times of uncertainty and how to best manage andsupport oneself and others during times of change. We embraced
agility and flexibility to recalibrate Amplify Growth Conversations,part of Dolby’s approach to performance and development, inorder to place an emphasis on how employees were adapting
to the new environment.

The value and impact of our ENs became even more evident in FY20. Following themurder of George Floyd and the global outcry for racial justice, Obsidian, our Black
Employee Network, in partnership with company executives, facilitated honest andat times difficult conversations. Employees shared their personal experiences with
racism and discussed ways in which each of us can educate ourselves and take action
towards breaking down the systems that enable racism to persist. Additionally,
Obsidian members recommended specific actions the company can take to increase
diversity, inclusion, and belonging at Dolby and continue to work closely withcompany leaders to support progress towards these outcomes.
Lauren Glover, Founder of the Obsidian Employee Network says, “Having Employee
Networks be so visible in the Company’s strategy is powerful. As a Black employee, asa Founder of Obsidian, as a person of a certain dimension of diversity, I feel safe andempowered to say, ‘This is how I want the company to reach people like me—and
here’s how we go and do it.’”82020 SUSTAINABILITY REPORT

Dolby’s Spectrum(LGBT+) Employee
Network celebrates
Pride in San Francisco.

Since 2017, Dolby’s Employee Networks (ENs) have grown to encompass a varietyof immutable and chosen communities and dimensions of diversity across the globe.
Our ENs work to build community and drive awareness of issues impacting employees
identifying with these dimensions of diversity, as well as their allies. Our ENs include
WE, the Women’s Empowerment Employee Network; Spectrum, the LGBT+ Employee
Network; PAX, the Pan-Asian Employee Network; Obsidian, the Black Employee Network;
Mundo, the Hispanic/Latinx Employee Network; Path, the Early-Career Network; ARC, theAnti-Racism Community; DIVE, Dolby’s Indigenous Voices Elevated Employee Network;
Dolby’s Parents Network; AGAPE, Dolby’s Christian Community; INxS: Inclusion in Sydney,
Australia; an EN for Europe and one for China (to be expanded across Asia).

The Collective We“Enabling our employees to bring theirwhole selves to work starts with theenvironment we create. While we
recognize it’s a journey — and one thatwill feel imperfect at times — each day wechallenge ourselves to listen, learn, andgrow in service of enabling an inclusive
culture where all our employees can feelthat they belong.”
Linda Rogers, Chief People Officer

92020 SUSTAINABILITY REPORT

Our World
The COVID-19 pandemic has taught us how interconnected we are with each other,with our communities, and with our world. What we do and how we work matters, andthat is why we continue to invest in our local communities and respect our environment
by reducing our emissions.

Social Impact

At Dolby, we believe we must be active partners in our local
communities to make an impact. We go beyond financial orin-kind contributions, volunteering our leadership, expertise,technology, and time. We do this through our Dolby Cares
Program, a company-wide initiative focused on inspiring thenext generation of diverse innovators and addressing criticalcommunity needs.

Focus on Underrepresented Groups
Since its founding, the Dolby Cares Program has focused on
addressing social and educational inequities. This past year,
93% of grant funding donated through the Dolby Cares Program
served underrepresented groups including girls, women, andpeople of color. To support Black communities, we matchedemployee contributions and provided corporate funding toorganizations addressing systemic racism. We remain committed
to continuing and expanding these efforts and are planning an
additional 15% in funding in 2021 for organizations addressing
the needs of Black and Latinx communities.

Charitable Grants & In-Kind Contributions
In light of COVID-19 and its unexpected impacts, we took action,
donating to existing community partners as well as regional
and industry-specific funds in support of COVID-19 relief. We
provided immediate-need grants to our partners that serve themost vulnerable populations, including the elderly and thoseexperiencing homelessness, and expedited annual grants toallow organizations to use funding as needed. We also honored
all of our event sponsorship commitments, even in cases where
the event was canceled or rescheduled. Not only did we provide
much needed financial support, we immediately distributed
refurbished laptops to nonprofit staff, teachers, and students in
California. We also provided protective shields, N95 masks, andsurgical gloves to hospitals in local communities in the UnitedStates, Poland, Australia, and Spain.

Dolby employees createcards of encouragement for
students served through the
Family Giving Tree Back to
School Drive.

102020 SUSTAINABILITY REPORT

Employee Volunteerism & Giving
Employee volunteerism and giving have always been at the heart of the
Dolby Cares Program. Though we had to cancel our large, in-person volunteer
programs due to COVID-19, our commitment to our communities neverwavered. Employees quickly pivoted to virtual volunteerism and to supportingneighbors, friends, and local businesses in need. Dolby employees worldwide
repurposed our 3D printers to create PPE for local hospitals, provided meals
to medical workers, and developed video conferencing solutions so assisted
living residents could communicate with their loved ones. In addition tovolunteering their time, Dolby employees participated in company-sponsorededucation sessions to learn more about community needs and how they and
Dolby could make a difference.
In 2020, Dolby employees’ financial generosity was on display in response
to wildfires in Australia and California, COVID-19, and the demand for racial
justice. Employee contributions and company match donations increased
by 15% over 2019 and were distributed to over 1,000 global non-profit
organizations through the Dolby Cares Platform.
To learn more, visit our Social Impact page on Dolby.com.

METRICFY20

FY19

Employee Participation in Dolby Cares Programs

42.3%

51.9%

Community Engagement Hours

6,079

11,607$3.0 Million$2.4 Million

Company Contributions $USD
(Financial Grants and Matching Contributions)

GLIDE’s free COVID-19 testing site in theTenderloin Neighborhood of San Francisco.

“I cannot tell you what it means to have a partner proactively
reach out and offer exactly the kind of funding and flexibility
we need without having to ask. In many ways it means much
more to know that Dolby is so well aligned with GLIDE during
these hard times that you have almost read our minds andoffered the perfect gift. It is a testament to the strength of thepartnership between our two organizations and the value of
your leadership in the funding community.“
Leigh Hanson, Director of Institutional Partnerships, GLIDE112020 SUSTAINABILITY REPORTSPOT L I GH T

The Dolby Institute, in partnership with
Ghetto Film School, provides accessand inspiration to the next generationof diverse content creators.

The Dolby Institute — Amplifying New& Diverse Artist Voices
Founded in 2013, the Dolby Institute seeks to inspire and educate the next generationof content creators to bring their dreams to life—in Dolby. The Dolby Institute’s work
focuses on enabling and supporting new voices and stories through programs
designed to broaden the spectrum for content creators and support diverse artists.
Now in its seventh year, the Dolby Institute Fellowship program has given direct grants
to 14 films from emerging directors for whom sound and image play an essential rolein their storytelling. Recent projects to receive the Dolby Institute Fellowship grant
include Alma Har’el’s Honey Boy, Carlos Lopez Estrada’s Blindspotting, and Dee Rees’
Mudbound. In 2020, for the first time, a Dolby Institute Fellowship was given to a Latin
American film mixed in Dolby Atmos, Juan Pablo Felix’s Karnawal.
Collaborations with organizations like Ghetto Film School and the Academy Museumin Los Angeles allow the Dolby Institute to support the work of partners whose missions
are to bring diverse talent into our industry. Through these efforts the Dolby Instituteenables young content creators to bring their stories to life, giving them exposure toworking professionals in various technical and creative fields.
Finally, we utilize programs like Sound + Image Lab: The Dolby Institute Podcast(with over 75 episodes and two million views on YouTube), to spotlight diverse
artists who are creating inspiring work in the fields of sound and image for cinema,broadcast, music, and games.

122020 SUSTAINABILITY REPORT

Environmental
ImpactEnvironmental sustainability remains a top priority for Dolby, and we arestrengthening our initiatives to combat climate change and its devastating
impacts on people, communities, and our Earth. To manage and mitigate ourenvironmental footprint, we prioritize reducing our greenhouse gas (GHG)
emissions and waste from our operations and offset what we cannot reduce.

Energy & Emissions
We are exploring renewable energy opportunities for each of our major sites
with the goal of continuing to reduce GHG emissions across our operations.
We switched to 100% renewable energy for purchased electricity at our San
Francisco and Sunnyvale buildings in 2020 and 2021, respectively.
Due to travel restrictions from COVID-19, our business travel emissions
decreased by 60% in 2020. When travel returns, we are committed to practicing
alternative ways to effectively conduct business and are investing in carbon
offsets to account for emissions produced from necessary business travel. We
are also evaluating other emissions sources across our supply chain and aredeveloping measurable greenhouse gas reduction goals with the ultimate goalof carbon neutrality by 2030.

Dolby’s LEED Gold certified headquarters buildingin San Francisco features eco-friendly landscaping.

Minimizing Waste
We recognize that the waste we produce in our daily operations has an impact
on people and our planet. We are committed to minimizing waste by keeping
materials out of landfills and, whenever possible, reusing and recycling thewaste. One way we do this is by ensuring that our sites utilize products madefrom recycled, energy-efficient materials whenever possible.

We also have programs to reduce the impact of the eventual
end-of-life of our products, including the effects associated withelectronic waste, packaging waste, and battery waste. For more
information about Dolby’s WEEE, Packaging, and Battery programs,
visit WEEE/Packaging/Battery information.
To learn more, visit our Environmental Commitment page on Dolby.com.

132020 SUSTAINABILITY REPORT

Environmental Metrics*
METRIC

2019–2020 TOTAL CO 2 EMISSIONS (METRIC TONS CO 2 e)

FY20

FY19

659

618

Scope 2 (Indirect) Location-Based Emissions (Metric Tons CO2e)

4,371

4,570

Scope 2 (Indirect) Market-Based Emissions (Metric Tons CO2e)

4,004

4,993

Scope 3 CO2 Emissions (Business Travel Only) (Metric Tons CO2e)

5,863

14,687

Total Location-Based CO2 Emissions (Scope 1, Scope 2, and Scope 3) (Metric Tons CO2e)

10,893

19,875

Total Market-Based CO2 Emissions (Scope 1, Scope 2, and Scope 3) (Metric Tons CO2e)10,526

20,2982.2

2.4

Scope 1 (Direct) CO2 Emissions (Metric Tons CO2e)

Location-Based Carbon Intensity (Scope 1 and Scope 2) (Metric Tons CO2e/FTE)
Market-Based Carbon Intensity (Scope 1 and Scope 2) (Metric Tons CO2e/FTE)

2.0

2.6

* Dolby occupies real estate across three distinct regions: the Americas, APAC, and EMEA. Energy data, energy costs, and estimated Scope 1 and 2 GHG
emissions for 94% of this footprint were aggregated and summarized above. The remaining 6% of sites do not have available historical energy data.
1. Scope 1 (direct emissions) are from natural gas, as this is the only fuel that Dolby facilities consume. It is assumed that all natural gas purchased
is combusted. The emissions factor was derived from the U.S. Energy Information Administration’s CO2 Emissions Coefficients table.

Location-Based
14,6875,863
	Scope 1 (Direct) CO2 Emissions
4,371

4,570

659

618

2020

	Scope 2 (Indirect)
Location-Based Emissions
	Scope 3 CO2 Emissions(Business Travel Only)

2019

Market-Based
14,687

2. Scope 2 (indirect emissions from power generation) are assumed to be from utility-purchased electricity only. Dolby used updated emission
factors (IEA national electricity emission factors) to calculate its location-based and market-based FY20 GHG emissions for electricity consumption.
For consistency, we updated the FY19 data using the same emission factors.
3. Scope 3 (indirect emissions from business travel) were calculated using emission factors from the U.K. Department for Business, Energy & Industrial
Strategy (commercial air travel and hotel stays) and the U.S. Environmental Protection Agency (reimbursed car travel and car rental). Dolby is currently
quantifying emissions for relevant Scope 3 categories within its value chain. We will disclose those emissions publicly in our next Sustainability Reportand Metrics-At-a-Glance document.

5,863

	Scope 1 (Direct) CO2 Emissions

4,004
659

2020

2019

4,993

	Scope 2 (Indirect)
Market-Based Emissions

618

	Scope 3 CO2 Emissions(Business Travel Only)142020 SUSTAINABILITY REPORTOur Company
Board
Governance

Dolby’s governance practices help promote long-term value andstrong Board of Directors and management accountability to ourshareholders, clients, and other stakeholders. Our Board of Directors
oversees and monitors important governance issues, including
Board independence, Board composition and refreshment,
executive and Board compensation, as well as succession planning.
Our Board of Directors also oversees and monitors Dolby’s Chief
Executive Officer and the company’s corporate strategy, risk
management, and performance.
Our current committees include Audit, Compensation, andNominating and Governance, which are comprised entirely of
independent directors. We also have a Stock Plan Committee andan ad hoc Technology Strategy Committee, both of which include
independent directors. In 2021, N. William Jasper Jr., a director
and our former President and CEO, retired, and Emily Rollins joined
our Board of Directors. Our nine-member Board includes sevenindependent members and our Chief Executive Officer. As of 2021,
three directors are women and four identify with one or morediverse groups in ethnicity or race.

For more information on Dolby’s Board governance, pleasesee our Fiscal Year 2020 Proxy Statement.

Dolby’s LEED Platinum certified
building in Wroclaw, Poland.

Ethics &Compliance

Doing the right thing is essential to maintaining the trust of ouremployees, customers, partners, investors, and communities.
It is critical to enabling long-term success. Our Ethics & Compliance
Program is designed to promote a culture of integrity and responsible
business conduct and help manage legal and regulatory risks.
Our Code of Business Conduct & Ethics (Code of Conduct) is thecornerstone of our Ethics & Compliance Program and guides how
we conduct ourselves in our professional relationships with our
stakeholders and one another.
Our employees are required to follow our Code of Conduct, andthey regularly complete training and education on key ethics andcompliance topics. We also expect everyone working on our behalf
to comply with our Code of Conduct and observe our legal andethical standards.

152020 SUSTAINABILITY REPORT

Data Privacy &Cybersecurity

Protecting privacy and securing our data are important tosafeguarding the trust and confidence of our stakeholders. As
we develop technologies, we remain committed to maintaining
a strong privacy and cybersecurity foundation. We invest acrosspeople, policies, processes, training, and technology to support
data privacy, security, and resilience. Our efforts are managed, inpart, by Dolby’s Information Security Council, which is comprisedof representatives from each business group.
Our internal processes and policies, including Dolby’s Information
Security Response Plan, enable the prevention, detection, andresolution of security and privacy incidents. We regularly conduct
training exercises, which involve multiple internal teams as well
as external partners and agencies, to improve and ensure theeffectiveness of our response capabilities. The online training
covers data protection techniques, current hacker attack methods,
and privacy training. In addition, there are automated playbooks
to improve detection capabilities, automated response, andremediation of cybersecurity threats. Areas of focus include
expanded threat intelligence capabilities, network isolation of
insecure devices, and purging phishing emails.
Our commitment to protect privacy and secure data extends to ourbusiness partners through general terms and conditions on data
privacy and cybersecurity, and we periodically conduct security
reviews of our vendors to ensure compliance. Furthermore, Dolby
has implemented an online portal to track vendor compliance with
Dolby security standards during the vendor onboarding process andrequires automatic security compliance reviews for vendors as well.
For more information about Dolby’s privacy policies, pleasesee our Global Privacy Policy and Dolby.io Privacy Policy.

Dolby scientists study humansensory experience in our
Biophysical Lab, San Francisco.

Emergency
Response &Preparedness

In the aftermath of a natural disaster or other crises, Dolby’s
Incident Management Team (IMT) prepares a response to ensure
the safety and wellbeing of our employees and to safeguard
company facilities. The IMT includes representatives from People,
Communications, Global Workplace Solutions, Legal, Government
Relations, Information Security, IT Infrastructure, and Travel.
Business continuity is critical to minimizing financial and reputational
harm. Dolby’s Enterprise Resiliency Team (ERT) comprises
representatives from every company group, enabling our business
to operate without interruption. The ERT identifies and addresses
potential risks and evaluates the strength of our business continuity
systems, infrastructure, policies, and procedures.

162020 SUSTAINABILITY REPORT

Reporting Approach& Materiality
To facilitate the effective management of environmental, social, and governance issues
at Dolby, we have a Sustainability Core Team which reports into our Sustainability Executive
Team consisting of our General Counsel, Chief Financial Officer, Chief People Officer,
and Chief Marketing Officer.
We are pleased to provide this year’s report inaccordance with the Global Reporting Initiative (GRI)
Core Option covering Dolby’s operations for Fiscal
Year 2020 (September 28, 2019–September 25, 2020).
For additional information, or to provide comments,
please email Sustainability@Dolby.com.
Dolby conducted a full materiality assessment in2019 with the guidance of an external consultant to
identify environmental, social, and governance (ESG)
issues of importance to our business and stakeholders.
In 2020, we completed a materiality assessment update
to validate existing material topics and to consider
emerging topics. We interviewed internal businessleaders and researched the ESG priorities of externalsources including customers, suppliers, businesspeers, investors, and ESG ratings firms. Through thisprocess, we confirmed the relevance of our existingmaterial topics and added Employee Wellbeing to
the list of topics addressed in this report.

2020 Material Topics• Data Privacy & Cybersecurity

Metrics-At-a-Glance
To see a comprehensive
list of the ESG metrics
we currently track, visit
our Metrics At-a-Glance.

• Diversity, Inclusion, & Belonging• Employee Wellbeing

DOWNLOAD PDF• Environmental Impact• Social Impact
Note: All photos in this report showing people without masks were taken prior to COVID-19.

172020 SUSTAINABILITY REPORTGRI/SASB Index
General Disclosures
GRI/SASB STANDARD

INDICATOR/METRICDISCLOSURE

102-1 Name of the organization

Dolby Laboratories, Inc.

102-2 Activities, brands, products, and services

Form 10-K

102-3 Location of headquarters

San Francisco, California

102-4 Location of operations

Dolby.com

102-5 Ownership and legal form

Form 10-K

102-6 Markets served

Form 10-K

102-7 Scale of the organization

Form 10-K

102-8 Information on employees and other workers

Sustainability Report, People at Dolby

102-9 Supply chain

Form 10-K

102-10 Significant changes to the organization and its supply chain

Form 10-K

102-11 Precautionary Principle or approach

Our Corporate Governance incorporates risk management approaches to reduce and where possible,
avoid negative impacts in operations. Form 10-K

102-12 External initiatives

Our 2020 Sustainability Report is prepared in accordance with the Global Reporting Initiative (GRI)
Standards — Core option. We also report Sustainability Accounting Standards Board (SASB) metrics
that are most relevant to our business.

102-13 Membership of associations

Supplemental GRI Information

102-14 Statement from senior decision-maker

Sustainability Report, CEO Letter

Organizational Profile
GRI 102: General
Disclosures 2016

Strategy
GRI 102: General
Disclosures 201618

2020 SUSTAINABILITY REPORTGRI/SASB STANDARD

INDICATOR/METRICDISCLOSURE

102-16 Values, principles, standards, and norms of behavior

Sustainability Report, Ethics & Compliance and Code of Conduct102-18 Governance structure

Sustainability Report, Board Governance102-22 Composition of the highest governance body and its committees

Form 10-K and Sustainability Report, Board Governance102-40 List of stakeholder groups

Supplemental GRI Information

102-41 Collective bargaining agreements

Dolby has not entered into any collective bargaining agreements.

102-42 Identifying and selecting stakeholders

Supplemental GRI Information

102-43 Approach to stakeholder engagement

Supplemental GRI Information

102-44 Key topics and concerns raised

Supplemental GRI Information

102-45 Entities included in the consolidated financial statements

Form 10-K

102-46 Defining report content and topic Boundaries

Sustainability Report, Reporting Approach & Materiality

102-47 List of material topics

Sustainability Report, Reporting Approach & Materiality

102-48 Restatements of information

This is our first Sustainability Report.

102-49 Changes in reporting

This is our first Sustainability Report.

102-50 Reporting period

This report covers Dolby’s operations for FY20 (September 28, 2019–September 25, 2020).

102-51 Date of most recent report

This is our first Sustainability Report.

102-52 Reporting cycle

Our goal is to publish a report a minimum of every two years.

102-53 Contact point for questions regarding the report

Sustainability Report, Reporting Approach & Materiality

102-54 Claims of reporting in accordance with the GRI Standards

Sustainability Report, Reporting Approach & Materiality

102-55 GRI content index

GRI/SASB Index

102-56 External assurance

We did not seek external assurance for this report.

Ethics and Integrity
GRI 102: General
Disclosures 2016
Governance
GRI 102: General
Disclosures 2016
Stakeholder Engagement
GRI 102: General
Disclosures 2016

Reporting PracticeGRI 102: General
Disclosures 2016

192020 SUSTAINABILITY REPORT

Environment
GRI/SASB STANDARD

INDICATOR/METRICDISCLOSURE

103-1 Explanation of the material topic and its Boundary

Sustainability Report, Environmental Impact

103-2 The management approach and its components

Sustainability Report, Environmental Impact

103-3 Evaluation of the management approach

Sustainability Report, Environmental Impact

302-1 Energy consumption within the organization

Sustainability Report, Environmental Impact

302-2 Energy consumption outside of the organization

Sustainability Report, Environmental Impact

302-3 Energy intensity

Sustainability Report, Environmental Impact

302-4 Reduction of energy consumption

Sustainability Report, Environmental Impact

TC-SI-130a.1: (1) Total energy consumed, (2) percentage gridelectricity, (3) percentage renewable

Metrics At-a-Glance; Environmental Data; Energy103-1 Explanation of the material topic and its Boundary

Sustainability Report, Environmental Impact

103-2 The management approach and its components

Sustainability Report, Environmental Impact

103-3 Evaluation of the management approach

Sustainability Report, Environmental Impact

305-1 Direct (Scope 1) GHG emissions

Sustainability Report, Environmental Impact

305-2 Energy indirect (Scope 2) GHG emissions

Sustainability Report, Environmental Impact

305-3 Other indirect (Scope 3) GHG emissions

Sustainability Report, Environmental Impact

305-4 GHG emissions intensity

Sustainability Report, Environmental Impact

305-5 Reduction of GHG emissions

Sustainability Report, Environmental Impact

EnergyGRI 103: Management Approach 2016

GRI 302: Energy 2016

SASB: Environmental Footprintof Hardware Infrastructure
Emissions
GRI 103: Management Approach 2016

GRI 305: Emissions 201620

2020 SUSTAINABILITY REPORT

SocialGRI/SASB STANDARD

INDICATOR/METRICDISCLOSURE

103-1 Explanation of the material topic and its Boundary

Sustainability Report, Diversity, Inclusion, & Belonging

103-2 The management approach and its components

Sustainability Report, Diversity, Inclusion, & Belonging

103-3 Evaluation of the management approach

Sustainability Report, Diversity, Inclusion, & Belonging

GRI 405: Diversity and Equal
Opportunity 2016405-1 Diversity of governance bodies and employees

Sustainability Report, Our People and Board Governance

SASB: Recruiting & Managing a Global,
Diverse & Skilled Workforce

TC-SI-330a.1/TC-HW-330a.1: Percentage of employees that are(1) foreign nationals and (2) located offshore

Sustainability Report, Our People,
Metrics At-a-Glance; Workforce Statistics

TC-SI-330a.3: Percentage of gender and racial/ethnic grouprepresentation for (1) management, (2) technical staff, and(3) all other employees

Sustainability Report, Our People,
Metrics At-a-Glance; Workforce Statistics

103-1 Explanation of the material topic and its Boundary

Sustainability Report, Social Impact

103-2 The management approach and its components

Sustainability Report, Social Impact

103-3 Evaluation of the management approach

Sustainability Report, Social Impact

413-1 Operations with local community engagement, impact
assessments, and development programs

Sustainability Report, Social Impact

103-1 Explanation of the material topic and its Boundary

Sustainability Report, Data Privacy & Cybersecurity

103-2 The management approach and its components

Sustainability Report, Data Privacy & Cybersecurity

103-3 Evaluation of the management approach

Sustainability Report, Data Privacy & Cybersecurity

Security reviews

Sustainability Report, Data Privacy & Cybersecurity

Diversity and Equal Opportunity
GRI 103: Management Approach 2016

Social Impact
GRI 103: Management Approach 2016

GRI 413: Local
Communities 2016
Data Privacy & Cybersecurity
GRI 103: Management Approach 2016

Other Indicator/s

212020 SUSTAINABILITY REPORTGRI/SASB STANDARD

INDICATOR/METRICDISCLOSURE

SASB: Data Security

TC-SI-230a.2: Description of approach to identifying andaddressing data security risks, including use of third-party
cybersecurity standards

Form 10-K, pages 24–25; Sustainability Report, Data Privacy & Cybersecurity

SASB: Managing Systemic Risks
from Technology Disruptions

TC-SI-550a.2: Description of business continuity risks related
to disruptions of operations

Form 10-K, page 24103-1 Explanation of the material topic and its Boundary

Sustainability Report, Wellbeing

103-2 The management approach and its components

Sustainability Report, Wellbeing

103-3 Evaluation of the management approach

Sustainability Report, Wellbeing

Other Indicator/s

Motivation & commitment survey favorability score

Sustainability Report, Wellbeing

SASB: Recruiting & Managing a Global,
Diverse & Skilled Workforce

TC-SI-330a.2: Employee engagement as a percentage

Sustainability Report, Wellbeing

Employee Wellbeing
GRI 103: Management Approach 2016

222020 SUSTAINABILITY REPORTThis Sustainability Report includes forward-looking statements, and actual results could differ
materially. Risk factors that could cause actual results to differ are set forth in the “Risk Factors”
section of Dolby’s most recent reports on Form 10-K and Form 10-Q.
Dolby, Dolby Atmos, Dolby Vision, Dolby Cinema, Dolby.io, and the double-D symbol are among theregistered and unregistered trademarks of Dolby Laboratories, Inc. in the United States and/or othercountries. Other trademarks remain the property of their respective owners.