2021 Sustainability
ReportTable ofcontents

01 Introduction
CEO LET TERS U S TA I N A B I L I T Y S T R AT E G Y

02 Environment

ENERGY & EMISSIONSW A S T E & W AT E R

03 Social

D I V E R S I T Y, I N C L U S I O N& BELONGINGWELLBEINGABOUT THIS REPORTLE ARNING & DEVELOPMENTS O C I A L I M PA C T

04 Governance

BOARD GOVERNANCEETHIC S & COMPLIANCE

05 Appendix
SASB INDEXGRI INDEXD ATA P R I VA C Y &CYBERSECURIT Y

2021 SUS TA I N A BI L I T Y R EPO R T

2Introduction

INTRODUCTION

2021 SUS TA I N A BI L I T Y R EPO R T

Introduction
Since 1965, Dolby Laboratories has beencommitted to developing and delivering
innovations that create spectacular experiences
and has grown into a leading developerof audio, imaging and voice technologies.
Headquartered in San Francisco, California,
Dolby has more than 2,000 employees aroundthe globe who share their talents and energy
to enable the most immersive experiences thataudiovisual technology can deliver, and createa meaningful impact within our communities.
We partner with artists, storytellers, developers andbusinesses to revolutionize entertainment with
Dolby Atmos, Dolby Vision, Dolby Cinema and Dolby.io.
From movies and TV, music, sports, gaming, interactive
communications, user-generated content and beyond,
we transform the science of sight and sound into
spectacular experiences for billions of people worldwide.

This is the Dolby difference.

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INTRODUCTION

CEO Letter
At Dolby, we are driven by our belief that people
want compelling and immersive experiences.
Through the science and engineering of sight andsound, we empower creators and developers toelevate their stories and enable people around theworld to enjoy unforgettable experiences. We believe
how we do this matters.
Reflecting on 2021, the ongoing pandemic and the
dynamic nature of the world has reinforced the need tofocus, embrace change, navigate ambiguity and makecommitments to create a different future.
We’ve evolved how we’re focusing on issues that will
have the biggest impact on our communities. Our
fiscal year 2021 Sustainability Report showcases ourenvironmental, social and governance (ESG) efforts
including where we’ve made progress and where wesee opportunity to create change.

Environment
We are committed to reducing our environmental
impact with the goal of reaching Carbon Neutrality
by 2030. We are achieving this by measuring ouremissions, employing sustainable practices to makeefficient use of our resources and reducing ourenvironmental impact.

SocialWe are committed to creating a more equitable future.
We will make progress by engaging in equity andracial justice issues impacting our employees andcommunities and by continuing to develop and invest
in programs that contribute to long-term systemicchange. By evolving how we connect and collaborate,
we’re creating new levels of flexibility and fostering aworkplace that prioritizes wellbeing and inclusivity.

Governance
We are committed to growing our businessand enhancing value through strong corporate
governance. Our efforts include implementing legal
and regulatory compliance, risk management, security
practices and board committee oversight of ESG.
I look forward to updating you on ourcontinued efforts.

“We empower creatorsand developers toelevate their stories
and enable people
around the world toenjoy unforgettable
experiences. We believe
how we do this matters.”

Kevin Yeaman
President and Chief Executive Officer

2021 SUS TA I N A BI L I T Y R EPO R T

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INTRODUCTION

Our Sustainability Strategy
We recognize the importance of our sustainability
progress to our business, our stakeholders and thecommunities in which we live and work.
Our success as a company is connected to thewellbeing of our people, our communities and theenvironment and strengthened by good corporate
governance practices. We are taking significant steps
to accelerate and track progress in our sustainability
focus areas and are continuing to increase ourtransparency and accountability.

2021 Material Topics• Data Privacy & Cybersecurity• Diversity, Inclusion & Belonging• Employee Wellbeing• Energy & Emissions• Social Impact

Material Topics
In 2021, Dolby’s Sustainability Team leadersparticipated in the company’s Enterprise Risk
Assessment process to validate existing ESG material
topics and to consider emerging issues. In addition
to interviewing internal leaders, we worked with an
external consultant to confirm the priorities of our
stakeholders including customers, suppliers, businesspeers, investors and ESG ratings firms. Through thisprocess, we updated and validated the relevance of
our existing material topics, which are addressed inthis report.¹

1. The use of “material” or “materiality” in this report is not intended
to convey matters or facts that could be deemed “material” to areasonable investor as referred to under U.S. securities laws or similar
requirements of other jurisdictions.

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5INTRODUCTION

About this Report
To facilitate the effective management of Sustainability
at Dolby, including developing the annual report, we havea Sustainability Team that includes representatives fromthe People & Places, Legal, Engineering and Finance teams.
This report has been prepared in accordance with
the Global Reporting Initiative (GRI) Standards: Core
option. We have also provided disclosures alignedwith the Sustainability Accounting Standards Board(SASB) Software & IT Services standard. Our SASB and
GRI Indices can be found in the Appendix. Additional
content and consolidated data can be found in our
Supplemental GRI Information and Sustainability
Metrics-at-a-Glance documents. All data reported
relates to Dolby’s fiscal year 2021 (September 26, 2020
– September 24, 2021) unless otherwise noted. In someinstances, data and information related to our material
topics may include programs and activities underway
or introduced in the 2022 fiscal year, as noted.
Additional information about our operations is available
in our Fiscal Year 2021 Annual Report on Form 10-K.
To provide comments on this report or request more
information, please email Sustainability@Dolby.com.

2021 SUS TA I N A BI L I T Y R EPO R T

To see a comprehensive list of the ESG
metrics we track, visit our Metrics-at-a-Glance.
DOWNLOAD PDF

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6Environment

ENVIRONMENT

2021 SUS TA I N A BI L I T Y R EPO R T

Environment
Environmental sustainability is a top priority
for Dolby, and we continue to strengthen
our initiatives to combat climate change
and its impacts on our planet, people andcommunities. In 2021, we prioritizedmeasuring and disclosing our greenhousegas (GHG) emissions across our value chain,
identifying options to mitigate emissions where
we can and exploring opportunities to offset
where we cannot.
As part of our effort to mitigate ourenvironmental impact, we are continuously
challenging ourselves to identify opportunities
to reduce waste, conserve water in ouroperations and improve the efficiencyof the buildings in which we work.

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ENVIRONMENT

Energy & Emissions
GOAL 1

GOAL 2

GOAL 3

GOAL 4

Carbon Neutral BusinessTravel by 2020100% Renewable Electricity
by 2025

Carbon Neutral across ourvalue chain by 2030

Certified CarbonNeutral®
Company by 2030

In addition to reducing global businesstravel emissions, as of 2020, Dolby
is procuring high-quality carbon
offsets to compensate for our annual
travel-related emissions, achieving
CarbonNeutral® business travel
certification in accordance with The
CarbonNeutral Protocol.

To drive down emissions, we are striving
to achieve 100% renewable electricity
throughout our operations by 2025.

Dolby is working to become carbon
neutral across our value chain by 2030.
In the interim, we will be setting goals
to reduce our Scope 1, 2 and 3 GHG
emissions from a 2019 base year.

We anticipate purchasing high-quality
carbon offsets to compensate for any
residual GHG emissions across ourentire value chain, becoming a certified
CarbonNeutral® Company via The
CarbonNeutral Protocol.

G O A L S TAT U SCOMPLETED / ONGOING

2021 SUS TA I N A BI L I T Y R EPO R T

G O A L S TAT U S

2020IN PROGRESSG O A L S TAT U S

2025

IN PROGRESSTA BL E O F CO N T EN T S

G O A L S TAT U S

2030

IN PROGRESS

2030

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ENVIRONMENT

2021 TOTAL CO2 EMISSIONS (METRIC TONS CO2e) 279,088Carbon Footprint
In 2021, we broadened and enhanced ourunderstanding of our carbon footprint in alignment
with the World Resources Institute (WRI), World
Business Council for Sustainable Development(WBCSD) GHG Protocol Corporate Accounting
and Reporting Standard and the WRI/WBCSD
Corporate Value Chain (Scope 3) Accounting andReporting Standard.
We established 2019 as our base year from which
we track and measure emissions performance on aconsistent basis moving forward.
We also completed a Scope 3 screening exercise inaccordance with the GHG Protocol Scope 3 Standard
to identify which, of its 15 categories, are relevant to
Dolby. Then we measured GHG emissions from all
relevant upstream and downstream Scope 3 activities
within our value chain dating back to 2019.
In measuring our carbon footprint across our entire
value chain, we learned that our operations accountfor 4% of our total emissions, with the remaining
96% of emissions coming from our upstream anddownstream activities.
This understanding has led us to begin exploring
solutions to drive down our Scope 3 emissions inaddition to reducing our Scope 1 and 2 emissions
from our operations.

82,216TOTAL
MARKET-BASED(NET CARBON FOOTPRINT)

84,31882,669TOTAL
LOCATION-BASEDTOTAL
MARKET-BASED(GROSS CARBON FOOTPRINT)

912(GROSS CARBON FOOTPRINT)

2,670 MARKET-BASED
4,318 LOCATION-BASED-453 CARBON OFFSETSSCOPE 1SCOPE 2SCOPE 3

2. S cope 1, 2, and 3 as defined by the GHG Protocol Corporate Accounting and Reporting Standard. Scope 1: Direct GHG
emissions that occur from sources that are owned and controlled by the company. Scope 2: Indirect GHG emissions;emissions from the generation of purchased electricity consumed by the company. Scope 3: Other Indirect GHG
emissions; emissions that are a consequence of the activities of the company, but occur from sources not owned orcontrolled by the company (e.g. supply chain).
Location-based reflects the average emissions intensity of grids on which energy consumption occurs (using mostly
grid-average emission factor data).
Market-based reflects emissions from electricity that companies have purposefully chosen (or their lack of choice).” GHG
Protocol Scope 2 Guidance Executive Summary
Total net carbon footprint represents our total gross carbon footprint minus carbon offsets. Dolby is procuring highquality carbon offsets to compensate for our annual travel-related emissions. Emissions of 453 metric tons CO2e in fiscal
year 2021 are offset through this practice.

SUS TASUS
2021
I N ATABIILNI TAYBIRLEPOI T Y R EPO
T F Y2021
RT

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9ENVIRONMENT

2019 – 2021 SCOPE 1 & 2 CO2 EMISSIONS (METRIC TONS CO2e)
2019 – 2021 TOTAL CO2 EMISSIONS (METRIC TONS CO2e)5,753

Operational Emissions

4,992
4,318

Since 2019, Dolby’s Scope 1 and 2 emissions havedecreased by 33%. Electricity use remains the largest
source of operational GHG emissions (69% of Scope 1
and 2 emissions).

3,331
2,670
1,167

We continue to leverage energy efficiency
improvements (including LED lighting and building
management systems) and purchase renewable energy
where available in order to reduce these emissions.
In 2021, Dolby’s Sunnyvale, California office upgraded
its service to GreenPrime, Silicon Valley Clean
Energy’s premium, 100% renewable, carbon-freeelectric generation service and in 2020, Dolby’s San
Francisco headquarters enrolled in the San Francisco
CleanPowerSF SuperGreen service.
With these actions, our two locations with the largest
electricity consumption now have their electricity use
matched with 100% renewable electricity via local
green tariffs.

2021 SUS TA I N A BI L I T Y R EPO R T

4,148

2019

882

912

2020

2021

2019

SCOPE 1

2020

2021

2019

2020

SCOPE 2SCOPE 2

Location-Based

Market-Based

2021

Environmental Metrics
METRIC

FY19

FY20

FY21

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

1,167

882

912

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

5,753

4,992

4,318

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

4,148

3,331

2,670

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

3.16

2.57

2.21

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

2.42

1.84

1.51

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2019 – 2021 SCOPE 3 CO2 EMISSIONS(METRIC TONS CO2e) 3

Scope 3 Emissions
Having measured all of our relevant Scope 3
emissions for the first time, we discovered that ourlargest sources of emissions in our 2019 base year
were Purchased Goods and Services (including
Capital Goods) (38%), Use of Sold Products (35%) andBusiness Travel (10%).

143,424

124,91179,088As with many companies, we saw our Scope 3
emissions decline in 2021 by 45% from our 2019 baseyear. This is partly due to the impacts of the COVID-19
pandemic, including a reduction in cinema productsales and minimal business travel.
To prevent emissions from rebounding post-pandemic,
work commenced in 2021 to identify and evaluate
Scope 3 emission reduction opportunities.

2019-5,863

-453

2020

2021

In the interim, we also purchased high-quality carbon
offsets to compensate for emissions from businesstravel. In addition to their environmental benefits,
the selected projects also address our social impact
priorities including education, gender equity, poverty,
economic growth and health. These projects include
afforestation in China, Gyapa efficient cookstoves in
Ghana and household solar energy in India (photo on
the right).

SCOPE 3

CARBON OFFSETS
3. A
 s of 2020, Dolby is procuring high-quality carbon offsets tocompensate for our annual travel-related emissions. Emissionsof 5,863 metric tons CO2e in fiscal year 2020 and 453 metrictons CO2e in fiscal year 2021 are offset through this practice.

2021 SUS TA I N A BI L I T Y R EPO R T

As we create the Future of Work @Dolby, we areintegrating remote work tools into how our teams
interact and collaborate. We are working to provide a
blend of in-person and remote work activities which
will mitigate the impacts of travel on the environment.

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ENVIRONMENT

Goal Setting Process
Dolby is committed to setting ambitious andachievable goals for reducing our carbon footprint.
In 2021, we launched a goal setting process todevelop near-term GHG reduction goals inalignment with the most recent climate science.

For Scope 3, emissions reduction assessments are
currently concentrating on Purchased Goods andServices (including Capital Goods), the Use of Sold
Products and Business Travel, our largest sources of
Scope 3 emissions in our 2019 baseline year.

We are using the Science Based Targets initiative(SBTi) criteria version 5.0 to inform our goal setting
process. This consists of forecasting business-asusual growth against SBT requirements and modeling
emission reduction opportunities to assess feasibility.

To further understand our Scope 3 emissions, a
supplier emissions assessment was initiated toevaluate which suppliers to include in engagement
and goal setting strategies. We are also looking into
opportunities to increase the energy efficiency of our
products and work with our customers on renewableenergy procurement. Additionally, we are educating
employees and implementing tools to encourage andfacilitate sustainable business travel.

For Scopes 1 and 2, we identified achieving 100%
renewable electricity across our operations andpursuing facility electrification at our major natural
gas-consuming sites as the primary and secondary
opportunities to further our goal of driving theseemissions down to near zero by 2025.

2021 SUS TA I N A BI L I T Y R EPO R T

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A number of evaluations are underway, and we aim to
finalize our goals by the end of calendar year 2022.

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ENVIRONMENT

EnergyWe employ sustainable building practices at manyof our office locations by taking an environmentfirst approach and occupying, whenever possible,
buildings with green building certifications (e.g.,
LEED). Our Wroclaw office in Poland is LEED Platinum
certified and our headquarters in San Francisco
is LEED Gold certified. As part of the LEED Goldcertification at our headquarters, we have lighting
controls and motion sensors to reduce energy
usage and LED lighting throughout the workspace
to significantly decrease power consumption. Dolby
also has offices in LEED-certified buildings in Munich,Beijing and Shenzhen.
Since 2019, Dolby has reduced overall energy
consumption from our operations by 14% and has
increased our proportion of renewable energy from
5% in 2019 to 42% in 2021 through the procurement of
renewable electricity.
We utilize green utility programs in our San Francisco
and Sunnyvale locations and house IT hardware in
two colocation data centers which both utilize
100% renewable electricity via renewable energy
certificates (RECs).

Furthermore, we will continue to conduct energy
audits to identify new energy efficiency solutions andimplement them where possible. Such preliminary
measures include connected LED lighting upgrades,
mechanical system adjustments and employee
education on energy reduction practices. We will also
be exploring the feasibility of facility electrification,prioritizing our biggest natural gas consuming sites—
our Sunnyvale office and San Francisco headquarters.

PERCENT OF ENERGY USED THAT IS DERIVED FROM RENEWABLE SOURCES

5%

14%

42%

2019

2020

2021

By 2025, we intend to reach 100% renewableelectricity by purchasing and generating enoughrenewable energy to match our total electricity
consumption globally.
In 2022, we are developing onsite solar capacity
at our Sunnyvale location. In our other locations,
we will identify green utility program offerings
and locally generated renewable energy attributecertificates to match our global operational
electricity use with renewables.

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ENVIRONMENT

Waste & Water
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 reusing and recycling.
One way we do this is by ensuring that our sites
utilize products made from recycled, energy-efficientmaterials whenever possible.

2021 SUS TA I N A BI L I T Y R EPO R T

Water-related topics are not currently material for
Dolby’s business operations. However, given theinterplay between water security and climate change,
our plan is to expand our focus in this area. We will
explore our water consumption and usage, particularly
in high-risk areas, using the WRI Aqueduct Tool andother resources to better understand and assess thefull impact of water-related risks on our business andreport these findings in future ESG reporting.

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Social

SOCIAL

SocialThe dynamic nature of COVID-19 andpersistent global equity issues have brought
to the forefront the need to learn more about
individual experiences, honor differing
perspectives and play an active role in creating
communities where everyone can feel thatthey belong.
As a corporate citizen and global company,
we are working to create a different future. We
seek to bring out the best in ourselves, impact
change in our communities and invest in the
future. The focus areas critical to our future are:
• Diversity, Inclusion & Belonging• Wellbeing• Learning & Development• Social Impact

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Diversity, Inclusion & Belonging
We have an unwavering belief in the power of a more
equitable world, and we’re committed to doing our partto make this a reality. Building a diverse, inclusive andbelonging-driven work culture is the right thing to do,
is part of our responsibility as a corporate citizen andbrings business value to Dolby.
To invest in and engage with the diverse talentof the future, we provide financial contributions,employee engagement and in-kind support of science,technology, engineering, arts and mathematics(STEAM) education and workforce initiatives at the
primary, secondary, university and early-career levels.
In 2021, we increased our funding to organizations
focused on Black and Latinx communities, including
investments and partnerships with Historically Black
Colleges & Universities (HBCUs), Hispanic-serving
Institutions and non-profit organizations to help
develop the next generation of diverse talent at Dolby.
To build a more diverse pipeline, we have increased
recruiting through organizations representing women,
Black, Latinx and Indigenous technology professionals
including Women of Color Unite, Girls Who Code,
Valence, HBCU 20x20, Women’s Audio Mission,
Techbridge Girls, Black Virtual Career Fair and Career
Trackers (focused on Aboriginal and Torres Strait
Islander university students in Australia).

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We launched the Dolby Hiring Framework, a guidefor global hiring managers and recruiters to co-create
a consistent hiring process. For all our open roles,
we cast a wide net to source a diverse representationof talent.
In our efforts to foster an environment where individual
perspectives are welcome and everyone feels a senseof inclusion and belonging, we continue to experimentwith and implement programs and practices designed
to equip our leaders, colleagues and peers with tools
to have open and authentic conversations with thegoal of becoming more aware and more empathetic toothers’ experiences.

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SOCIAL

Diversity, Inclusion & Belonging cont.

We empower everyone at Dolby to be co-creators ofchange by offering employees opportunities to learn
and grow through educational workshops, a DIBfocused newsletter, mentoring programs, coaching,employee-led Employee Network (EN) events andplatforms to create belonging in a virtual environment.
Our EN community encompasses 13 networks,
convening around many different dimensions ofdiversity including gender, race/ethnicity and morewith a shared goal of building community and driving
awareness of issues impacting employees identifying
with these dimensions of diversity andtheir allies.

In 2021, as a part of our journey to build a more
equitable work environment, we increased therepresentation of women in leadership and technology
roles at Dolby, including at the executive level.
While we have built a foundation for our Diversity,
Inclusion & Belonging journey, we recognize that there
is still much to do. We are actively reinforcing andexpanding our efforts, drawing on our successes andrethinking where we can continue to improveand make further progress.
To learn more, visit our Diversity, Inclusion &Belonging page on Dolby.com.

In 2021, we launched a new Employee Network in
China with chapters in Beijing and Shenzhen, and our
Poland-based EN expanded in scope by providing
educational resources and engagement opportunities
focused on various aspects of diversity, inclusion andbelonging to employees throughout Europe.
We are accountable for our progress and publish ourglobal gender demographics and U.S. race and ethnic
diversity workforce data annually.

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SOCIAL

People at Dolby
Data as of September 2021

Global Gender

LEADERS(DIRECTORS& ABOVE)ALL
EMPLOYEESTECHNICALROLES

NON-TECHNICAL
ROLES

Female28.4%

Female17.9%

Female17.1%

Female

38.3%

Male

71.4%

Male

81.8%

Male

82.6%

Male

61.6%

Non-Binary

0.1%

Non-Binary

0.3%

Non-Binary

0.3%

Non-Binary

0.1%

U.S. Race and Ethnicity4

LEADERS(DIRECTORS& ABOVE)U.S.
EMPLOYEESTECHNICALROLES

NON-TECHNICAL
ROLES

Asian

31.5%

Asian

21.8%

Asian

33.9%

Asian

30.1%

Black or African American

2.2%

Black or African American

2.0%Black or African American

1.3%Black or African American

2.7%

Hispanic or Latino

6.7%

Hispanic or Latino

3.6%

Hispanic or Latino

4.8%

Hispanic or Latino

7.8%

Native American or Alaska Native

0.4%

Native American or Alaska Native

0.0%

Native American or Alaska Native

0.4%

Native American or Alaska Native

0.4%

Native Hawaiian or Pacific Islander

0.6%

Native Hawaiian or Pacific Islander

0.0%

Native Hawaiian or Pacific Islander

0.2%

Native Hawaiian or Pacific Islander

0.9%

Two or More Races

3.0%

Two or More Races

0.8%

Two or More Races

2.6%

Two or More Races

3.3%

White

55.5%

White

71.8%

White

56.8%

White

54.8%

4. Race and ethnicity statistics represent U.S. employees only. Categories align with Equal Opportunities Commission options provided to employees who choose to share ethnicity information.

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Highlight Story:

Obsidian Partnership with Oakland Museum of California
Dolby’s Employee Networks are a critical componentof our journey to foster a more welcoming, inclusiveand culturally aware professional community. They
play a key role as advocates for our technology byconnecting artists and content creators of every
medium with the tools to share their stories as they’remeant to be told.
Nearly a year in the making, Mothership: Voyage intoAfrofuturism launched as a new collaborative exhibit
at the Oakland Museum of California and wasconcepted and sponsored in part by Obsidian, theBlack Employee Network at Dolby, in partnershipwith the Dolby Institute and our Diversity, Inclusion& Belonging team.
Celebrating the power of Black imagination andhonoring the past, present and future through a Black
cultural lens, this exhibit brought together visionary
artists and futurists across a variety of mediums.
The exhibit included works by more than 50 artists,
contemplating science, technology and forwardthinking ideas about race and gender in a wide variety
of media. One section, “Dawn,” was devoted to famed
science fiction author Octavia Butler and her ideas on
race, politics, morality and feminism.

As visitors entered through a planetarium-like muralby San Francisco artist Sydney Cain, they were
immersed in a soundscape created by award-winningjazz flutist Nicole Mitchell. With a helping hand from
Dolby’s Ellis Reid, John Scanlon and Drew Walcott,
Dolby Atmos was employed in the installation tosurround the listener in the resonances of African,
African American and Black culture. As Mitchell puts
it, she wanted to make a sonic experience “thatexplores gentle aspects of Black life and joy as away to bring people into the space.”“Properly executed,
technology is like magic.”– Ellis Reid, Leader of Obsidian, the Black

Learn more about this unique collaboration

Employee Network at Dolby

and go behind-the-scenes at the Oakland
Museum of California’s Mothership: Voyage
into Afrofuturism here.

“The thing about sound is,even though we can’t
touch it, it touches us.”
– Nicole Mitchell, Creative Flutist, Composer

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Wellbeing
COVID-19 is an ongoing, pervasive and dynamic presencein our lives that continues to bring to the forefront thecritical need to engage and invest in wellbeing.
Wellbeing is a core component to the Future of Work
@Dolby and we believe that prioritizing and creating thespace to focus on wellbeing will have a positive impact
on our employees, our business and our communities.
The capacity and scope of our Wellbeing effort also
grew with the addition of dedicated global wellbeing
resources that focus on driving employee engagement,
creating opportunities for intentional connection in our
new flex work environment and further integrating thefitness program into our Wellbeing strategy.
In 2021, we continued to prioritize employee wellbeing
and take an integrated approach to mental, physical,
social and financial wellbeing for our employees. We
expanded our mental wellbeing programs resulting
in faster and more convenient access to therapy andto new benefits such as on-demand digital programs,
professional wellness coaching, mindfulness training
and live community sessions. We enhanced caregiverbenefits and support for US employees providing freepremium care.com memberships, subsidized backup
and concierge senior and childcare services.

2021 SUS TA I N A BI L I T Y R EPO R T

Partnering with our Employee Networks, we provided
wellbeing programming and resources to support theneeds of diverse Dolby communities, including speaker
events and therapist-led community listening sessions
exploring the intersection of mental healthand diversity.
As a part of co-creating the future while livingwith the pandemic, we continue to explore andenact business strategies and practices to support thehealth, safety and wellbeing of our employees while
enabling connection and effective work delivery in aremote environment.
In our annual employee engagement survey in 2021,
Motivation & Commitment scores showed an 86%
favorability, indicating that employees remain highly
engaged and connected to our work and each other.
Dolby employees are our greatest asset and are themagic behind our innovation. Total Rewards, comprisingof our compensation and benefits programs, focuseson more than financial compensation and includes
comprehensive physical and mental health benefits,

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generous time-off policies, access to the employee
stock purchase program, free or subsidized fitness
plan, commuter benefits, wellness credits, tuition
reimbursement opportunities, flexible work options
and personal development courses, among otherbenefits depending on their location.

“With all the challenges we
confront, having empathy
creates the opportunity forauthentic conversations,meaningful connections andcollective actions that lead tocreating the future we want.”– Linda Rogers, Chief People Officer

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Health & Safety
We take responsibility for maintaining a productive
workplace throughout our operations by minimizing
the risk of accidents, injury and exposure to healthhazards for all of our employees.
Throughout COVID-19, we have prioritized thehealth and safety of our employees, partners andcommunities, making decisions based on a multitudeof inputs, including information from local publichealth organizations and governments, global data
and trends, our readiness to adopt practices to protect
one another and overall employee sentiment.
We strongly encourage everyone to get vaccinatedand receive a booster shot when appropriate. With
that, we require that all employees comply with all
local public health guidance in their area as it pertains
to masking, social distancing requirements and more.

For those working remotely, we implemented avirtual ergonomic program, where employees received
web-based training and guided self-assessmentsof their home workstation, virtual one-on-one
assessments with ergonomists (as needed) andongoing education, awareness, and recommendations
to reduce risk factors and create a productive andefficient work environment.
We conduct ongoing assessments on the impacts of
our operations on employee health and safety andaim to improve the effectiveness of our environmental
health and safety procedures where possible.

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SOCIAL

Learning & Development
Our commitment to supporting our employees’ personal
and professional growth is customized by level, team androle. We focus on enhancing employee connection andperformance by providing employees and managers withtools to work efficiently, effectively and collaboratively.
Our learning and development programs are designed
to meet employees where they are. We provide ondemand and personalized resources—from one-on-one
coaching to professional development sessions—that
enable leaders to better guide their employees andteams through times of uncertainty and help facilitate
their growth and development.
In 2021, we implemented new training opportunities
for managers to build skills to support employee
mental health and wellbeing in remote work
environments.

In addition to traditional learning resources, Dolby’s
Talent Marketplace connects employees with shortterm, internal work opportunities that align with their
passions and skills, supporting employee growthand development while addressing the needs of thecompany. We encourage employees to learn fromone another and offer mentor-matching opportunities
based on skills and interests.

Instructor-led and online learning courses focusedon developing interpersonal skills, communication,
collaboration, productivity and innovation areavailable to employees on a regular basis. Employees
also have unlimited access to the LinkedIn Learning
library of online courses and instructional videos toimprove software, creative and business skills.

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SOCIAL

Social Impact
Through Dolby’s Social Impact initiatives, we develop
long-term partnerships with community and educationalorganizations that uniquely cater to the needs of eachorganization and the people they serve. These collaborative
efforts focus on inspiring the next generation of diverse
innovators and addressing the most critical needs inour global communities.
Employee Volunteering & Giving
The Dolby Cares Program mobilizes employees fromour offices around the world to volunteer as individuals,
alongside their colleagues and teams or through ourDiversity, Inclusion & Belonging Employee Networks.
From mentoring youth, to supporting adults re-entering
the workforce, to providing legal services through ourlegal pro bono program, our employees are making ourcommunities stronger.
We also partner with educational organizations
around the world, including Bay Area Video Coalition,
Inneract Project, IGNITE Worldwide, University ofSydney’s Women in Engineering Program, Energie
Jeunes in France and Fundacja Rodziny Maciejko in
Poland to share Dolby experiences and knowledge
from our unique position at the intersection of science,technology and art.

2021 SUS TA I N A BI L I T Y R EPO R T

While working remotely, Dolby employees and our
local community partners continue to find unique ways
to collaborate and have a positive impact on people
and the planet. Global employee participation remains
strong with employees donating over 5,300 volunteer
hours through company-sponsored and personal
volunteer efforts in 2021.
Through our Virtual Dolby Cares Week, employees
around the globe participated in educationalsessions and volunteer events in eight countries,
addressing community needs, educational initiatives
and environmental causes.

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In addition to volunteer time, employee contributions
and company match donations distributed throughthe Dolby Cares Platform increased in 2021, benefiting
over 1,400 non-profit organizations globally.

5,300+ community
engagement hours
through company-sponsored and personal
volunteer efforts in 2021.

23

SOCIAL

Employee Participation in Dolby Cares Programs
Employee
Participationin Dolby
Cares
Programs
Volunteerism,Participation
Community Education,
andFinancial
GivingEmployeein Dolby
Cares
Programs
Employee Participation in Dolby Cares Programs
51.9%
51.9%

42.3%
42.3%

47.2%
47.2%

51.9%

42.3%

47.2%

2019
2019

2020
2020

2021
2021

2019

2020

2021

Community Engagement
Engagement Hours
Hours
Community
Community
Engagement
Hours Hours Tracked by Employees
Dolby Sponsored
Events and Volunteer
Community Engagement Hours

11,607
11,607 6,079
6,079 5,364
5,364
11,607 6,079 5,364
HOURS
HOURS
2019
HOURS
2019

HOURS
HOURS
2020
HOURS
2020

HOURS
HOURS
2021
HOURS
2021

2019

2020

2021

Charitable Grants
Since its founding, the Dolby Cares Program has
focused on addressing social and educational
inequities. This past year, 90% of grant funding
donated through Dolby’s Social Impact team served
underrepresented groups including girls, women andpeople of color. In 2021, we maintained our support oflong-time community partners as well as provided new
grants to organizations including: HBCUx2020 andStudents Rising Above, which support Black and Latinx
communities; Stop AAPI Hate, which combats racism;
Gavi COVAX AMC, which supports global vaccine
equity; Direct Relief International, which provides
global disaster relief and CLIMA Fund and Grid
Alternatives, which promote environmental justice.
To learn more, visit our Social Impact page on
Dolby.com.

Company Contributions (US$)
Company
Company Contributions
Contributions (US$)(US$)
Company
Contributions
Financial Grants
and Matching(US$)
Contributions through the Dolby

2.4
2.4

3.0
3.0

Charitable Fund and the Company

2.9
2.9

$
$
$ MILLIONMILLION$$$ MILLIONMILLION$$$ MILLIONMILLION2019
MILLION
2019

2020
MILLION
2020

2021
MILLION
2021

2019

2020

2021 SUS TA I N A BI L I T Y R EPO R T

2021

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SOCIAL

Highlight Story:

Dolby Australia’s Reconciliation Action Plan
In 2021, Dolby joined a network in Australia of morethan 1,100 corporate, government and non-profit
organizations that have made a formal commitment
to support reconciliation through the Reconciliation
Action Plan (RAP) program. Since 2006, RAPs haveprovided a framework for organizations to support
Australia’s reconciliation movement through building
relationships, respect and trust between the wider
Australian community and Aboriginal and Torres Strait
Islander Peoples.
Dolby’s RAP is championed by Engineering SeniorDirector and Dolby Australia Site Leader Tim Neal andmanaged by a cross-functional employee working
group in the Dolby Australia office. Mr. Neal states,“With this first RAP, we have a particular focus onorganizational learning and relationship building.
We are also looking to explore two specific areas offocus in STEAM education and content creation. We
are keen to encourage the next generation of First
Nations scientists and technologists. Likewise, we
seek to encourage the next generation of First Nations
storytellers and content creators to grow and develop
in their craft so that our nation and others will benefit
from hearing their voices.”

Dolby Australia’s RAP is endorsed by Reconciliation
Australia and includes a wide swath of actions,
including establishing more opportunities for First
Nations talent of the future by investing in STEAM
education and early career recruitment.

Artist Dennis Golding, a descendant of the
Kamilaroi/Gamilaraay people from the northwest of New South Wales created this artwork
specifically for Dolby to illustrate the way inwhich sound is visualized through traditional
motifs of place, culture and objects.

The RAP team also hold events throughout the year
which showcase and celebrate the history, cultures
and achievements of First Nations Peoples in Australia
through NAIDOC week, National Reconciliation Week
and more. You can learn more about Dolby’s RAP here.

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Governance

GOVERNANCE

2021 SUS TA I N A BI L I T Y R EPO R T

Governance
We hold ourselves, our suppliers and ourpartners to the highest ethical standards.
Our values and commitment to protecting
people and the environment extend to ourinnovation principles, business decisions andprocurement choices.

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GOVERNANCE

Board Governance
Dolby’s governance practices promote long-term value
and strong accountability to our investors, customers
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 the company’s corporate
strategy, risk management, performance andexecutive management.
Our current committees include Audit, Compensation
and Nominating and Governance, which are comprised
entirely of independent directors. We also have a
Stock Plan Committee and an ad hoc Technology
Strategy Committee, both of which include
independent directors.
Through our Compensation Committee, our Boardof Directors provides oversight of human capitalmanagement. Our Nominating and GovernanceCommittee works with the Board of Directors on
management succession and oversees Environmental,
Social and Governance (ESG) matters. The Board andBoard committees are supported in these efforts by the
Executive Leadership Team (ELT), as well as the People& Places, Legal and Ethics & Compliance teams.

2021 SUS TA I N A BI L I T Y R EPO R T

This past year, we welcomed two new members to our
Board of Directors. In February 2021, Emily Rollins,
who throughout her career at Deloitte & Touche LLP,
served in various positions including as an Audit
and Assurance Partner from 2006 until September
2020, joined the Board. Ms. Rollins also served inleadership roles in Deloitte’s US Technology, Media,
and Telecommunications Industry, Audit Innovation andTransformation and Diversity and Inclusion groups.

Our 10-member Board includes eight independent
members and our Chief Executive Officer. Three
directors are women and five identify with one or morediverse groups in ethnicity or race.
For more information on Dolby’s Board governance,
please see our Fiscal Year 2021 Proxy Statement.

In December 2021, Tony Prophet joined the Board of
Directors. Over the course of many years, Tony has
established himself as a technology industry leader
who has helped guide companies across multiple
disciplines. Most recently, Tony served as the Chief
Equality and Recruiting Officer at Salesforce,co-chairing the Salesforce Racial Equality and Justice
Task Force, created to help drive systemic change
in the workplace and community. He was also a
co-founder of the company’s Ethical and Humane Useof Technology initiative.

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GOVERNANCE

Ethics & Compliance
Our ethics and compliance program is designed topromote a culture of integrity and responsible businessconduct and help manage legal and regulatory risks.
Our Code of Business Conduct & Ethics (Codeof Conduct) is the cornerstone of our ethics andcompliance program and guides how we conduct
ourselves in our professional relationships with
our stakeholders as well as with one another. The
Code of Conduct includes Dolby’s perspective onsocial and environmental initiatives as well as ourapproach to supplier and third-party compliance inthe areas of anticorruption, responsible sourcing andhuman rights.
Our employees are required to follow our Code of
Conduct, and they periodically complete training
and education on key ethics and compliance topics.
In 2021, we obtained a global employee course
completion rate of 100%. We also expect everyone
working on our behalf to comply with our Code of
Conduct and observe our legal and ethical standards.

If an employee or a third party has a concern, they
can report it via phone or online to our Ethics Hotline,
which is operated by a third party and available 24
hours a day, seven days a week. Reports may be filed
anonymously, where permissible by local law. Whenconcerns are raised by employees or partners via our
hotline or any other channel, they are managed by our
Ethics and Compliance Office (ECO). More informationon our Ethics Hotline can be found in our Code of
Conduct, page 35.

“Dolby’s reputation and how we do business
are key to maintaining the trust of our
stakeholders and driving long-term growth.
That’s why each of us in every Dolby locationis responsible for not only meeting legal
requirements, but also operating with thehighest ethical standards.”– Andy Sherman, EVP, General Counsel, Corporate Secretary,
and Chief Ethics & Compliance Officer

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GOVERNANCE

Anticorruption

Human Rights

As part of our broader commitment to ethical working
practices and adherence to applicable anticorruption
laws, including the US Foreign Corrupt Practices
Act and the UK Bribery Act, Dolby has a global
anticorruption program; and it includes governancemechanisms to ensure that our Anticorruption Policy
is followed by both our employees and business
partners. We also mandate anticorruption training on abiannual basis for a subset of employees with relevant
job activities.

Human rights are fundamental rights, freedoms andstandards of treatment to which all people are entitled,
and we recognize our responsibility to respect,advance and maintain global human rights standards
across our company, operations and supply chain.
Dolby supports the principles established under theUnited Nations Universal Declaration of Human Rights
and prohibits the employment of underage children,
forced labor and human trafficking as well as any formof physical punishment or abuse. We expect suppliers
throughout our global supply chain to share ourcommitment to the same high standards.

We conduct business with integrity, and we donot tolerate corrupt behavior, including bribery
or kickbacks. To mitigate corruption and otherrisks associated with our business partners, wehave developed a Partner Risk Assessment & Due
Diligence (PRADD) program, which was recently
updated to include a predictive algorithm. It enables
the identification of high-risk partners based on
variables such as geography, nature of business andgovernment interaction. The algorithm generates arisk score for each partner, which is used to determine
the appropriate level of due diligence review. High-risk
partners receive the most robust and comprehensive
investigative reviews. Our PRADD program enables
Dolby to identify or detect fraud, corruption, bribery,
human rights violations and other risks before we
engage in business with third parties and throughout
their life cycle.

We comply with the conflict minerals requirements
associated with the Dodd-Frank Act and have a
dedicated conflict minerals project team comprisedof representatives from engineering, legal andprocurement who meet periodically and provide
oversight of our conflict minerals program. We are also
committed to complying with the UK Modern Slavery
Act of 2015 and have taken steps to ensure modern
slavery and human trafficking do not play a role in ourbusiness. Our policy statements addressing these
initiatives can be found below.
Conflict Minerals Policy
Conflict Materials SEC Filing
Modern Slavery Act Transparency Statement

Learn more about our Anticorruption Policy here.

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GOVERNANCE

Data Privacy & Cybersecurity
Protecting privacy and securing our data are important tosafeguarding the trust and confidence of our stakeholders.
As we continue to develop technologies, we remain committed
to maintaining a strong privacy and cybersecurity foundation.
We invest across people, policies, processes, training
and technology to support data privacy, security andresilience. Our efforts are managed, in part, by Dolby’s
Security, Privacy, Audit, Risk and Compliance (SPARC)
Council, which is comprised of representatives fromvarious business groups across the organization.
Our internal security and privacy practices enable themitigation, detection, and response to security andprivacy events. We conduct periodic 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, we continue to develop and enhance our
defense playbooks, improve detection capabilities,
automate responses and mitigate cybersecurity risk.
Areas of focus include threat intelligence, threat
detection, network security, cloud security, endpoint
protections, insider threat and email security.

2021 SUS TA I N A BI L I T Y R EPO R T

In 2021, we launched a global Cybersecurity AwarenessMonth campaign with weekly communications andvirtual sessions to educate and engage employees in
the prevention of cybersecurity attacks at work and at
home. The interactive sessions covered topics including
fighting phishing, securing technology at home andsocial engineering.
Our commitment to protecting privacy and securing
data extends to our business partners through generalterms and conditions on data privacy and cybersecurity.
We periodically conduct security reviews of ourvendors to ensure compliance. Furthermore, Dolby
has implemented an online portal to track vendor
compliance with Dolby security standards during thevendor onboarding process and requires automatic
security compliance reviews for vendors as well.

More information on our data security practices can be found in our
Fiscal Year 2021 Form 10-K, page 22. For more information about
Dolby’s privacy policies, please see our Global Privacy Policy and
Dolby.io Privacy Policy.

We incorporate privacy-by-design and data
minimization principles across our products andservices, manage procedure and protocol updates
in light of new privacy and data security laws andconduct ongoing reviews of our privacy practices
with assistance from subject matter experts.

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Appendix
2021 SUS TA I N A BI L I T Y R EPO R T

Appendix
The Appendix to this report contains
Dolby’s SASB and GRI Indices. Additional
information and relevant metrics can be foundin our Supplemental GRI Information andSustainability Metrics-at-a-Glance documents.

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31

APPENDIXSASB Index: Software & IT Services
TOPIC

CODE

ACCOUNTING METRICDISCLOSURE

Environmental Footprint ofHardware Infrastructure

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

Energy & Emissions
Metrics At-a-Glance

TC-SI-130a.2(1) Total water withdrawn, (2) total water
consumed, percentage of each in regions withHigh or Extremely High Baseline Water Stress

Water-related topics are not currently material for Dolby’s business operations, and we do not report on water withdrawn and consumed.
However, the total wastewater for six of our facilities during the reporting year was 15,927m^3.

TC-SI-130a.3

Discussion of the integration of environmental
considerations into strategic planning for data
center needs

Dolby does not own any data centers. We have a very small footprint (less than six racks) of storage and compute workloads running at
data co-location facilities at this time, both of which use 100% renewable energy. We will continue to prioritize providers that have a strong
commitment to minimizing their impact on the environment in future co-location selection processes.

TC-SI-220a.1

Description of policies and practices relating tobehavioral advertising and user privacy

For more information on our Privacy Policies:
Global Privacy Policy
Dolby.io Privacy Policy

TC-SI-220a.2

Number of users whose information is used forsecondary purposes

Dolby implements data privacy and security policies and procedures to protect our customers, partners and employees. Dolby’s Privacy
Policy describes the information we collect from our customers and how we use it.

TC-SI-220a.5

List of countries where core products orservices are subject to government-required
monitoring, blocking, content filtering, or
censoring

There are no countries where our core products or services are subject to government-required monitoring, blocking, content filtering, or
censoring.

TC-SI-230a.2

Description of approach to identifying andaddressing data security risks, including use ofthird-party cybersecurity standard

Data Privacy & Cybersecurity
Form 10-K, page 22

Data Privacy & Freedom ofExpression

Data Security

2021 SUS TA I N A BI L I T Y R EPO R T

Furthermore, given the interplay between water security and climate change, our plan is to expand our focus in this area. We will explore ourwater consumption and usage, particularly in high-risk areas, using the WRI Aqueduct Tool and other resources to better understand andassess the full impact of water-related risks on our business.

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APPENDIXSASB DISCLOSURE cont.

TOPIC

CODE

ACCOUNTING METRICDISCLOSURE

Recruiting & Managing a
Global, Diverse & Skilled
Workforce

TC-SI-330a.1

Percentage of employees that are (1) foreign
nationals and (2) located offshore

As of September 24, 2021, we had 2,368 employees worldwide. 4.6% of our employees are foreign nationals in the US and 2.4% are foreign
nationals in countries outside of the US. 47% employees are based outside of the US.

TC-SI-330a.2

Employee engagement as a percentage

Wellbeing

TC-SI-330a.3

Percentage of gender and racial/ethnic grouprepresentation for (1) management,(2) technical staff, and (3) all other employees

People at Dolby

Intellectual Property Protection& Competitive Behavior

TC-SI-520a.1

Total amount of monetary losses as aresult of legal proceedings associated with
anticompetitive behavior regulations

Form 10-K, page 23

Managing Systemic Risks fromTechnology Disruptions

TC-SI-550a.1

Number of (1) performance issues and(2) service disruptions; (3) total customer
downtime

95% of our revenue comes from technology licensing arrangements, which are not at risk of technology disruptions. As such, we do notcurrently report this data.

TC-SI-550a.2

Description of business continuity risks related
to disruptions of operations

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.
Additional information about risks related to disruptions of operations can be found in our Form 10-K, page 19.

Activity Metrics

TC-SI-000.A(1) Number of licenses or subscriptions,(2) percentage cloud-based

95% of our revenue comes from technology licensing arrangements with over 500 OEM and software developer licensees.

TC-SI-000.B(1) Data processing capacity,(2) percentage outsourced

95% of our revenue comes from technology licensing arrangements, which do not require significant volumes of data processing. As such,
we do not currently report this data.

TC-SI-000.C(1) Amount of data storage,(2) percentage outsourced

95% of our revenue comes from technology licensing arrangements, which do not require significant volumes of data storage. As such, we
do not currently report this data.

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APPENDIXGRI Index
General Disclosures
GRI 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

Diversity, Inclusion & Belonging
Metrics at a Glance

102-9 Supply chain

Form 10-K

102-10 Significant changes to the organizationand 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 2021 Sustainability Report is prepared in accordance with the Global Reporting Initiative (GRI) Standards – Core option. We also report
Sustainability Accounting Standards Board (SASB) Software & IT Services metrics.

102-13 Membership of associations

Supplemental GRI Information

Organizational profile
GRI 102: General Disclosures 20162021 SUS TA I N A BI L I T Y R EPO R T

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APPENDIXGRI CONTENT INDEX cont.

GRI STANDARD

INDICATOR/METRICDISCLOSURE

102-14 Statement from senior decision-maker

CEO Letter102-16 Values, principles, standards, and norms of behavior

Ethics & Compliance
Code of Conduct102-18 Governance structure

Governance102-22 Composition of the highest governance body and its
committees (not required)

Governance
Dolby.com

102-40 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

Strategy
GRI 102: General Disclosures 2016

Ethics and Integrity
GRI 102: General Disclosures 2016

Governance
GRI 102: General Disclosures 2016

Stakeholder engagement
GRI 102: General Disclosures 2016

102-43 Approach to stakeholder engagement102-44 Key topics and concerns raised

Reporting practiceGRI 102: General Disclosures 20162021 SUS TA I N A BI L I T Y R EPO R T

102-45 Entities included in the consolidated
financial statements

Dolby Laboratories, Inc.
Dolby Laboratories Licensing Corporation
Dolby International AB

102-46 Defining report content and topic Boundaries

About this Report102-47 List of material topics

Our Sustainability Strategy

102-48 Restatements of information

Dolby adjusted our base year (2019) and 2020 Scope 1 and 2 inventories in accordance with the GHG protocol. In doing so, we updated ourpreviously reported Scope 1 and 2 (i.e., operational) GHG emissions for 2019 and 2020 to include new acquisitions, colocation data centers,
estimated values for facilities where primary activity data are unavailable, and new emission sources including mobile combustion from ourvehicles and fugitive emissions from refrigerant use.

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APPENDIXGRI CONTENT INDEX cont.

GRI STANDARD

INDICATOR/METRICDISCLOSURE

102-49 Changes in reporting

Dolby expanded the inventory boundary for 2019 and 2020 to include additional activities under Scopes 1, 2, and 3. Under Scope 1, Dolby
has included emissions from mobile combustion, as well as fugitive emissions from the use of refrigerants. Under Scope 2, Dolby has included
emissions from purchased heat and cooling. Dolby has also added emissions from Scope 3 categories 1 – 5, 7 – 9, and 11 – 13.

102-50 Reporting period

This report covers Dolby’s operations for fiscal year 2021 (September 26, 2020 – September 24, 2021)

102-51 Date of most recent report

May 2021

102-52 Reporting cycle

Annual102-53 Contact point for questions regarding the report

About this Report

Reporting practice cont.
GRI 102: General Disclosures 2016102-54 Claims of reporting in accordance with the GRI Standards
102-55 GRI content index

GRI Index

102-56 External assurance

In order to strengthen our reporting and ensure the quality of the data and processes involved, we recently underwent an emissions
verification process. Our operational emissions from 2019, 2020 and 2021, as well as the Scope 3 emissions from our five most significant
sources, received independent third-party verification from APEX Companies to a limited level of assurance in accordance with ISO
Standard 14064-3.

Environmental topics
GRI STANDARD

INDICATOR/METRICDISCLOSURE

103-1 Explanation of the material topic and its Boundary

Energy & Emissions

EnergyGRI 103: Management Approach 2016103-2 The management approach and its components
103-3 Evaluation of the management approach

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APPENDIXGRI CONTENT INDEX cont.

GRI STANDARD

INDICATOR/METRICDISCLOSURE

302-1 Energy consumption within the organization

Energy & Emissions

Energy cont.
GRI 302: Energy 2016302-2 Energy consumption outside of the organization
302-3 Energy intensity
302-4 Reduction of energy consumption

Emissions
GRI 103: Management Approach 2016

103-1 Explanation of the material topic and its Boundary

Energy & Emissions

103-2 The management approach and its components
103-3 Evaluation of the management approach
GRI 305: Emissions 2016305-1 Direct (Scope 1) GHG emissions
305-2 Energy indirect (Scope 2) GHG emissions
305-3 Other indirect (Scope 3) GHG emissions
305-4 GHG emissions intensity
305-5 Reduction of GHG emissions

Social topics
GRI STANDARD

INDICATOR/METRICDISCLOSURE

Diversity and Equal Opportunity
GRI 103: Management Approach 2016

103-1 Explanation of the material topic and its Boundary

Diversity, Inclusion & Belonging

103-2 The management approach and its components
103-3 Evaluation of the management approach
GRI 405: Diversity and Equal
Opportunity 20162021 SUS TA I N A BI L I T Y R EPO R T

405-1 Diversity of governance bodies and employees

Diversity, Inclusion & Belonging

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APPENDIXGRI CONTENT INDEX cont.

GRI STANDARD

INDICATOR/METRICDISCLOSURE

Social Impact (Local Communities)
GRI 103: Management Approach 2016

103-1 Explanation of the material topic and its Boundary

Social Impact

103-2 The management approach and its components
103-3 Evaluation of the management approach
GRI 413: Local Communities 2016413-1 Operations with local community engagement, impact
assessments, and development programs

Data Privacy & Cybersecurity
GRI 103: Management Approach 2016

103-1 Explanation of the material topic and its Boundary

Data Privacy & Cybersecurity

103-2 The management approach and its components
103-3 Evaluation of the management approach
Other Indicator/s

Security Reviews

Data Privacy & Cybersecurity
For more information on our Privacy Policies:
Global Privacy Policy
Dolby.io Privacy Policy

Employee Wellbeing
GRI 103: Management Approach 2016

103-1 Explanation of the material topic and its Boundary

Wellbeing103-2 The management approach and its components
103-3 Evaluation of the management approach
Other Indicator/s

Motivation & commitment survey favorability score

Wellbeing
In our company-wide annual employee engagement survey in 2021, our Motivation & Commitment scores showed an 86% favorability,
indicating that our employees remain highly engaged and connected to our work and each other.

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References in this Sustainability Report to information should not be construed as acharacterization regarding the materiality of such information to our financial results
or for purposes of the U.S. securities laws or similar laws of other jurisdictions.
This 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 andForm 10-Q.
Dolby, Dolby Atmos, Dolby Vision, Dolby Cinema, Dolby.io, and the double-D
symbol are among the registered and unregistered trademarks of Dolby
Laboratories, Inc. in the United States and/or other countries. Other trademarks
remain the property of their respective owners.
All Dolby-sponsored activities depicted in this report were following local COVID-19
protocols at the time the photograph was taken.
© 2022 Dolby and/or its affiliates. All rights reserved.
V E R S I O N 1.0, A PR I L 2022 .