Enabling the Electronics Revolution

2023
SUSTAINABILITYREPORTTable of Contents
A Message from Adam Norwitt ........................................................... 3
About Amphenol ..................................................................................... 4
Our Sustainability Approach and Progress ........................................ 6
Our Sustainability Goals ........................................................................ 7
Stakeholder Engagement ...................................................................... 8
Environmental Responsibility ............................................................... 9
Our Products’ Impact ........................................................................... 16
Supply Chain .......................................................................................... 20
Our Team ................................................................................................ 23
Responsible Business ........................................................................... 29
Appendix A
GRI Content Index ........................................................................... 35
Appendix B
SASB Alignment ............................................................................... 42
Appendix C
ESG Metrics ...................................................................................... 43
Appendix D
TCFD Disclosure ................................................................................ 47
Appendix E
Tier 1 Direct Supplier Geographies ................................................. 52

You can find more information about Amphenol at amphenol.com
For additional information about our sustainability activities,
please visit amphenol.com/sustainability

22023 SUSTAINABILITY REPORTAMPHENOL CORPORATIONA Message from Adam Norwitt
I am pleased to share with you Amphenol’s 2023 Sustainability Report. In this year’s report, you will read about
the substantial progress we are making to have a positive impact on the environment and the communities inwhich we operate as well as our global team members. Individuals, companies and nations around the world
are accelerating their actions to reduce carbon emissions in an effort to slow down and mitigate the effects
of climate change. These decarbonization initiatives are creating generational revolutions that are driving
significant changes across our end markets. Reducing carbon emissions requires a broad array of advanced
technologies throughout the entire energy cycle — beginning with the clean generation of energy, throughthe safe and effective distribution and storage of energy, and followed ultimately by the usage of clean
energy to power cars, heavy vehicles, trains, houses and many other applications. None of these efforts canhappen without high-technology power interconnect products made by Amphenol.
While our products help to enable decarbonization, we also continue to make progress on our own
sustainability efforts and goals. In support of the eight goals we established in last year’s report, in 2023, we
continued to make meaningful advances in energy management through our increased use of renewableenergy sources and the acquisition of renewable energy certificates. We also made improvements to ourmanufacturing processes to decrease our water intensity. In addition, we achieved third-party verification of
our Scope 1 and Scope 2 greenhouse gas (GHG) emissions and are now able to report in accordance with the
Global Reporting Initiative (GRI) standards.
Amphenol’s continued success has been driven by our focus on providing innovative solutions to ourcustomers and, ultimately, to the people who consume their products. Just as we recognize the importanceof supporting the people who use our products, we also focus on our team members who are involved in
making these technologies. This focus on people remains a key hallmark of Amphenol and influences all of ourdecisions. We devote significant energy towards our team members by providing opportunities for them todevelop their talents, learn new skills and improve their performance. We also understand that supporting ourcommunities and protecting the environment is critical to our long-term success. Our manufacturing facilities
around the world are deeply rooted in their local communities, with management teams and workforces thatare drawn from the surrounding communities. These teams are empowered to make decisions about how
best to support and improve their local environments, with many of these activities highlighted in this report.
We have made substantial progress towards making ourcompany more sustainable for the long term, progress
made possible only through the dedication and hard workof our truly outstanding employees around the world.
Without them, we would not be able to reduce ourenvironmental footprint and support our communities,
all while delivering value to our customers, partners,
employees, communities and shareholders.

Adam Norwitt  
President and Chief Executive Officer

AMPHENOL CORPORATION

2023 SUSTAINABILITY REPORT

3

About Amphenol
Amphenol Corporation is one of the world’s largest providers of high-technology interconnect, sensor and antenna solutions.
Our products Enable the Electronics Revolution across a diverse array of end markets. We are a global company, withapproximately 280 manufacturing facilities in approximately 40 countries and sales to virtually every corner of the globe.
This extensive international reach is a true asset for Amphenol, as we are present everywhere our customers need us while
mitigating the risks that may emerge in any one country or region. Headquartered in Wallingford, Connecticut, USA, Amphenol
had approximately 95,000 diverse, talented and driven employees worldwide at the end of 2023.

$12.6B

2023 SALES

Our Values
Amphenol’s high-performance culture is united by ourshared values.

95,000EMPLOYEESSALES ACROSSON

6

We do the right thing, always. Maintaining our integrity
and reputation will always be our priority.
DiverseMANUFACTURING IN

40

Ethical

COUNTRIES

70

Diversity of our markets, products, geographies andworkforce is a key pillar of our continued success. We
encourage and embrace diverse perspectives as theylead to better long-term outcomes for our business.

COUNTRIES

Empowered
Our culture of ownership and accountability empowers
our people to achieve industry-leading results.

CONTINENTS

Innovative
We are curious, focused and agile. These traits enable
us to discover new solutions that solve our customers’
diverse needs.
Sustainable
Sustainable business practices are at the core of how
we conduct our operations. We believe that adopting
sustainable business practices is not just the right thing to
do as a global company, it is simply good business.

4

2023 SUSTAINABILITY REPORTAMPHENOL CORPORATION

About Amphenol
Our high-technology solutions span the broadest range of connectors, sensors, antennas, busbars, flexible and rigid printed
circuits, cables and value-added interconnect assemblies. We operate in eight diverse end markets, and we consistently
strive to maintain a balanced exposure across these markets. We also maintain a balanced mix of business across thelonger-cycle markets of Defense, Commercial Aerospace, Industrial and Automotive, as well as the shorter-cycle markets
of Mobile Devices, IT Datacom, Mobile Networks and Broadband. We believe that this diversification is one of our key
competitive strengths, helping to reduce the impact from volatility in any one market while also exposing us to the latest
technological developments across the widest array of markets within the global electronics industry.
Balanced End Market Exposure

LONGER
CYCLE
Commercial
Aerospace4%

Industrial
25%

Defense11%
Automotive
23%

Broadband
4%
MobileNetworks
4%
IT Datacom
19%

Mobile Devices
10%

SHORTER
CYCLE

2023 Sales by Geography2023 Global Workforce
North
America
25%

North
America
39%

Asia
38%

Asia
58%
Europe15%

Europe20%

AMPHENOL CORPORATION

Rest ofWorld
3%

Rest ofWorld
2%

2023 SUSTAINABILITY REPORT

5

Our Sustainability Approach and Progress
Our sustainability approach and goals are set at the

Our Sustainability Steering Committee

corporate level by our executive leadership with input

Our Sustainability Steering Committee is comprised offrom our Board and our Environmental, Health, Safety

members from a broad array of functions across theand Sustainability (EHSS) team. These goals are thenCompany. The committee meets formally on an as-communicated and integrated across Amphenol’s divisions,needed basis, and typically at least once a year, to develop

groups and business units. This approach empowers each

Amphenol’s sustainability strategy. The committee’sof our businesses to oversee significant environmental,

governance structure reflects executive management,social and governance (ESG) matters within theirlegal, human resources, quality, finance, internal audit, risk

operations, which allows us to best address the mostmanagement and EHSS functions. Key members of theimportant ESG priorities within our organization. By

committee reviewed the data presented in this 2023 reportbringing their unique perspective on how to minimize theirand held meetings to discuss and verify the results.

own environmental footprint while also championing thewell-being of their internal and external stakeholders, ourteams achieve a consistently positive impact.

About this Report
The information included in this report has been preparedin accordance with the GRI Standards and the topics

Sustainability Highlights in 2023

identified in the Sustainability Accounting Standards Board

We continue to build momentum around our sustainability(SASB) Electrical & Electronic Equipment Sustainability

objectives and goals and actively look for ways to expand

Accounting Standard. For additional information on

the scope of our sustainability program companywide. In

Amphenol’s structure and ownership, this report should be

2023, we made continued progress on our sustainability

viewed in conjunction with our 2023 Annual Report, which

initiatives. Key highlights from 2023 include:is publicly available on the Investors section of our website.

•

The reporting period for this 2023 Sustainability ReportCompleted a double materiality assessment which
included direct engagement with our key internaland external stakeholders;•

Achieved third-party verification of our 2022 Scope 1
and Scope 2 GHG emissions;•

Reported in accordance with the GRI standards forcalendar year 2023;•

Analyzed risk management factors to assess thegreatest ESG-related risks facing the Company;•

Conducted a comprehensive assessment of our
ESG practices to evaluate and identify areas for
improvement as we work to align with evolving
regulatory requirements such as the Corporate
Sustainability Reporting Directive (CSRD); and•6

Advanced collaboration and promoted
interconnectedness between the EHSS team andother key teams within the organization, including
finance and audit, to achieve improvements in data
quality for continued and future ESG reporting andrisk management.
2023 SUSTAINABILITY REPORT

corresponds with our annual financial reporting period.
For this 2023 Sustainability Report, our primary ESG datacollection boundary is inclusive of all manufacturing andowned facilities as of June 30, 2023, although we apply abroader scope for certain ESG metrics. More detail about
our reporting boundaries can be found in Appendix A andAppendix C of this report.
In 2023, we received external limited assurance for our
2022 energy consumption and GHG data. The data wasverified by Bureau Veritas, an independent third-party firm,
which performed limited assurance on our 2022 energy
consumption and Scope 1 and Scope 2 GHG emissions data
for the purposes of our CDP submission in 2023. We haveinitiated the process to have our 2023 energy and Scope
1, 2 and 3 GHG emissions data externally verified for the
purposes of our CDP submission in 2024.
For questions about the information presented in this report,
please contact sustainability@amphenol.com.
AMPHENOL CORPORATIONOur Sustainability Goals
Our corporate sustainability targets are based on the United Nations Sustainable Development Goals (SDG) framework.
Last year, after accomplishing all eight of our prior SDG targets, we established eight new sustainability goals in line with the
SDG framework with target years of 2025 or 2030. At the end of 2023, we were on track or underway to meeting thesegoals. Below we describe these goals and provide a status update.
6.4 Clean Water and Sanitation
By 2030, substantially increase water-use
efficiency across all sectors and ensuresustainable withdrawals and supply of freshwater toaddress water scarcity and substantially reduce thenumber of people suffering from water scarcity.
OUR GOAL: By the end of 2030, Amphenol will reduce
total water withdrawal of our top 20 facilities by 15%
versus 2021 levels. OUR PROGRESS: On track
7.2 Affordable and Clean Energy
By 2030, substantially increase the share of
renewable energy in the global energy mix.
OUR GOAL: By the end of 2030, Amphenol will increase
our use of renewable energy to 50% for energy used at ourfacilities. OUR PROGRESS: Underway
8.7 Decent Work and Economic GrowthTake immediate and effective measures toeradicate forced labor, end modern slavery andhuman trafficking and secure the prohibition andelimination of the worst forms of child labor, including
recruitment and use of child soldiers, and by 2025 end
child labor in all its forms.
OUR GOAL: By the end of 2025, Amphenol will enhance
ESG elements in existing supplier auditing programs andconduct audits for suppliers in the highest ESG risk
category. OUR PROGRESS: On track
11.5 Sustainable Cities and Communities
By 2030, significantly reduce the number ofdeaths and the number of people affected andsubstantially decrease the direct economic losses relative
to global gross domestic product caused by disasters,
including water-related disasters, with a focus on protecting
the poor and people in vulnerable situations.
OUR GOAL: By the end of 2025, Amphenol will providethat our business continuity plans address issues related tophysical risks as per TCFD for our top 20 facilities.
OUR PROGRESS: On track
AMPHENOL CORPORATION

12.2 Responsible Consumption and Production
By 2030, achieve the sustainable management
and efficient use of natural resources.
OUR GOAL: By the end of 2025, Amphenol will conduct a
detailed analysis of our cardboard and plastic packaging
use to support future packaging optimization efforts.
OUR PROGRESS: Underway
12.4 Responsible Consumption and Production
By 2020, achieve the environmentally soundmanagement of chemicals and all wastes
throughout their life cycle, in accordance with agreed
international frameworks, and significantly reduce theirrelease to air, water and soil in order to minimize theiradverse impacts on human health and the environment.
OUR GOAL: By the end of 2025, Amphenol will assess theuse of PFAS in products and processes across our
manufacturing facilities.
OUR PROGRESS: Underway
13.1 Climate Action
Strengthen resilience and adaptive capacity to
climate-related hazards and natural disasters inall countries.
OUR GOAL: By the end of 2025, Amphenol will reducerevenue-normalized Scope 1 and 2 GHG emissions by
15% compared to our 2021 levels.
OUR PROGRESS: On track
16.2 Peace, Justice and Strong Institutions
End abuse, exploitation, trafficking, and all formsof violence against and torture of children.
OUR GOAL: By the end of 2025, Amphenol will deliver
enhanced training on our health and safety requirements
to all Amphenol businesses worldwide.
OUR PROGRESS: On track

2023 SUSTAINABILITY REPORT

7

Stakeholder Engagement
Our sustainability strategy is focused on the mostimportant ESG issues facing our business. To assess andprioritize these issues, we measure topics that are mostfinancially material to our business as well as those thatpose the most significant impact on our communities
and society. We periodically engage with our internaland external stakeholders through formal materiality
assessments to better understand their key ESG focus
areas. The outcome of these assessments provides valuable
perspectives that have informed our sustainability strategy,
objectives setting and data reporting.
Materiality
In 2023, Amphenol conducted our first double materiality
assessment in preparation for evolving legislativerequirements such as the European Union’s CSRD. Our
2023 double materiality assessment expanded uponour 2021 materiality assessment to consider both theimpacts of ESG factors on Amphenol as well as Amphenol’s
impact on social and environmental issues outside of theorganization. Our approach was informed by industry
best practices and the CSRD’s European Sustainability
Reporting Standards 1 – General Requirements. The
methodology and processes utilized in the assessment
were determined at the discretion of Amphenol with athird party.
It is important to note that materiality standards underthese frameworks are different from the materiality
standard under the U.S. securities laws, and that any
categorization of something as “material” or use of theterm “material” within this Sustainability Report does not
imply that the categorization or use would be appropriate
or accurate for purposes of SEC or financial reporting.
To gain insight and different perspectives on various
material aspects of our operations, Amphenol consulted
with internal and external stakeholders acrossoperations and throughout the value chain. A significant
and representative sampling of dozens of internal
stakeholders were involved in the process, including
employees in various business units and geographies,
as well as executives and general managers. Amongthe external stakeholders involved in the process were
suppliers, customers, investors and members of our local
communities. Stakeholders were asked to participate

82023 SUSTAINABILITY REPORTin a survey to help identify climate-related risks andopportunities, assess potential material topics and collectother relevant stakeholder priorities. After determining
our material topics, Amphenol conducted interviews withsubject matter experts to gain further insight into how aparticular material topic is managed and how materiality
may evolve over different time horizons. A materiality
threshold was created during the double materiality
assessment process, and categories that scored below thethreshold were excluded from consideration.
Using the information gathered from the stakeholder
surveys and interviews, we were able to finalize ourmaterial topics which will help to guide our ESG strategy.
Amphenol is evaluating both positive and negative impacts
on ESG issues identified through the double materiality
process to help us to make informed decisions regarding
both ESG-related risks and opportunities. We aim to use
the information to develop pragmatic solutions which will
improve our overall stewardship practices.
Based on our double materiality assessment, Amphenol
updated our material topics to include the following topics:
•
•
•
•
•

Climate Change
EnergyWaste
Water
Materials

We will continue to update this assessment through internal
reviews and comprehensive engagement with our value
chain as necessary and in response to evolving regulations.
Our previous materiality assessment, conducted inalignment with the GRI Sustainability Reporting Standards,
marked our commitment to meaningful dialogue with our
stakeholders and served as a foundation for identifying key
ESG material topics. In our former materiality assessment
conducted in 2021, the following material topics had been
identified for strategic prioritization:
•
•
•
•
•
•

Energy Use in Manufacturing Facilities
Operational Greenhouse Gas Emission Reductions
Diversity, Equity and Inclusion
Human Rights Management
Leadership/Executive ESG Oversight and AwarenessSupply Chain Responsibility

AMPHENOL CORPORATION

Environmental
Responsibility
We remain committed to supporting programs and initiatives that lower our greenhousegas emissions, conserve water and minimize waste through reduction, reuse and recycling.
(Below: Solar panels at Amphenol's Sachsenkabel facility in Gornsdorf, Germany.)

AMPHENOL CORPORATION

2023 SUSTAINABILITY REPORT99

Environmental Responsibility
Greenhouse Gas Emissions

and consumed on-site from solar. We continue to look

We are committed to reducing energy consumption in ourfor new opportunities to incorporate renewable energy

facilities and lowering our own GHG emissions. During

sources throughout our organizations, including the use of2023, we were pleased that our absolute level of energy

EACs, on-site renewable energy and local residual mixes.

consumption decreased despite the addition of 21 new
manufacturing facilities to our global footprint versus

Part of our renewable energy strategy includes our2022. We believe revenue-normalized metrics are a morepartnership with Enel-X, a leading advanced energy services

accurate reflection of our progress because we add aprovider delivering innovative solutions in the global

number of facilities to our footprint each year primarilytransition to clean energy. Through our partnership withthrough acquisitions. In 2023, our application of lean

Enel-X, we have conducted renewable energy workshops

production processes, on-site solar panels and investmentswith our employees and identified regionally suitablein energy-saving equipment allowed us to reduce ourrenewable energy opportunities for our facilities worldwide.

energy intensity to 74.1, a 2% decrease from 2022. Since

Through this effort, we are positioned to further expand our

we began collecting our energy consumption data in
2017, our energy intensity has fallen by 18%, resulting in acompound annual reduction of 3% over this six-year period.

use of both on-site solar energy, explore power purchasing
agreements where suitable and further increase our use of
EACs and Renewable Energy Certificates (RECs).
As our company has grown, we have made significant
progress reducing our GHG emissions, and we expect to see
future improvements in part through our renewable energy

83.0

75.2

74.1

initiatives with Enel-X. Our Scope 1 GHG emissions are
currently low, representing just over 10% of our combined
Scope 1 and Scope 2 GHG emissions. Despite the additionof 21 new manufacturing facilities in 2023, we reduced our

2021

2022

2023

Energy Intensity(MWh / $M revenue)

Scope 1 GHG emissions by 10% compared to 2022.
During 2023, we reevaluated our GHG scoping boundaries
which resulted in changes to our historically reported

An important component of our GHG emissions reduction

GHG emissions. In particular, we reclassified our Scope

strategy is increasing the use of renewable sources in

3 Category 8 emissions from non-manufacturing leased

our purchased energy. In 2023, 19% of our purchased

properties to Scope 1 and 2, with capital leases for land

electricity came from renewable sources, a slight decline

still classified under Scope 3 Category 8. This updatefrom 22% in 2022 which was driven in part by the addition

resulted in slightly higher Scope 1 and Scope 2 emissionsof new manufacturing facilities. We use multiple sources

versus our prior reporting, however, the updated dataof renewable energy as part of our company-wide power

more accurately reflects our use of the operational control

portfolio. In 2023, we consumed 150,583 megawatt hours

approach for GHG accounting as defined by the GHG(MWh) of renewable energy, including 10,079 MWh ofProtocol and enhances our reporting transparency. The

Energy Attribute Certificates (EACs). At the same time, we

reclassification initiative also builds on our work in previous

expanded the use of on-site solar installations during 2023

years to obtain more accurate emissions data and helps us

resulting in a five-fold increase in our electricity produced

to prepare for upcoming regulations such as CSRD.

102023 SUSTAINABILITY REPORTAMPHENOL CORPORATION

Environmental Responsibility
On an absolute basis, our market-based Scope 2 GHG
emissions increased 7% in 2023 versus 2022 levels dueto the addition of new manufacturing facilities. When
combined with our Scope 1 GHG emissions, our overall
Scope 1 and Scope 2 GHG emissions intensity increased
modestly to 31.0 in 2023, a 6% increase versus 2022.
Despite this short-term increase, our GHG emissions
intensity has been on a downward trend since we began
reporting our data six years ago. Over the past two years,
our emissions intensity has fallen by 18%, resulting in acompound annual reduction of 10% over this period.

Emissions Reduction in Action
Amphenol TCS - Mexicali, Mexico
Our Amphenol TCS facility in Mexicali, Mexico
created a communications campaign inviting
personnel to propose ideas for sustainable process
improvements. The campaign increased awarenessat the site through visual communication in thefacility as well as through training sessions andmonthly events where employees shared ideas.
As a result of the campaign, our team identified
inefficient energy usage points in the facility,
most notably leaks in certain air compression
equipment. Air compressors can account for
up to 30% of the total energy consumed in a

37.9

29.3

31.0

factory because of their use in powering essential
pneumatic tools and equipment. Within six
automated production lines, we found several

2021

2022

2023

Greenhouse Gas Emissions Intensity (market-based)(metric tons CO2 equivalent / $M revenue)

air leaks which caused the air compressors to be
activated even when not in use, including during
weekends, night shifts and other periods of low
demand. To resolve the inefficiency and reduce

While we are proud of the progress we have madereducing and reporting our Scope 1 and Scope 2 GHG
emissions, we know that some of our largest impacts
extend beyond our direct operations and into our value
chain. During 2023, we made further progress quantifying
our Scope 3 GHG emissions, and we have provided
estimates for Categories 1 through 7 and 9 in Appendix

energy usage in the facility, a series of protected
Wi-Fi-enabled power valves were installed in eachof the automatic lines to open and close the airlines at the beginning and end of each process.
The installation of these power valves in Octoberhelped save the facility 97.2 metric tons CO₂e inenergy consumption during 2023.

C. As previously noted, due to our GHG calculation
boundary changes in 2023, we have incorporated leased
offices (formerly Scope 3 Category 8) into our Scope 1
and 2 emissions. We have assessed Scope 3 Categories 8(upstream leased assets), 10 (processing of sold products),
14 (franchises) and 15 (investments) and found them to be
not relevant. Categories 11 (use of sold products) and 12(end-of-life treatment of sold products) have not yet beenassessed. Category 13 (downstream leased assets) has
been calculated but found to be not relevant.
AMPHENOL CORPORATION

2023 SUSTAINABILITY REPORT

11

Environmental Responsibility
Water Use
Amphenol’s manufacturing processes do not require asignificant amount of water, however we do strive to
be as responsible as possible with the water we use.
In order to reduce our overall water consumption, we
actively undertake water optimization projects acrossour facilities and have invested in systems to reuse andreclaim our wastewater. Through our ongoing efforts andinvestments, we were able to reduce our absolute water
withdrawal by 5% in 2023 versus our 2022 levels, despite
the addition of 21 new manufacturing facilities. Our water
withdrawal intensity also declined by 5% in 2023 versus
the prior year. Since 2017, our actions have resulted in
our water withdrawal intensity declining by 37%, a 7%

Water Reuse in Action
FCI Connectors - Singapore
Amphenol is committed to optimizing water use
and reuse efforts in our water intensive processes.
As one example, the team at our FCI Connectors
facility in Singapore took action to reduce ourwater usage after observing a surge in water
demand and consumption during 2022. The surge
in demand at the facility was related to newly
added water-intensive uses like plating processes,
scrubbers and cooling towers. Singapore isclassified as a water-scarce region according to our
Water Risk Assessment, which made it imperativethat our team find ways to mitigate our water use.

compound annual reduction over this six-year period.

0.34

2021

0.30

0.28

2022

2023

Water Withdrawal Intensity(megaliters / $M revenue)
An important component of our efforts to better assess ourglobal water risk is the tracking of our water withdrawals
which are primarily sourced from water distribution
systems. We plan to continue to explore new opportunities
for improvement in our water usage across our global
footprint. As a result of our ongoing actions, we remain
on track to achieving our goal of reducing the total water
withdrawal at our top 20 facilities by 15% versus 2021
levels by 2030.

122023 SUSTAINABILITY REPORTIn order to optimize water storage and usage at thefacility, a NEWater project was proposed. NEWater
is a water management strategy deployed bySingapore’s National Water Agency Public Utility
Board (PUB) that uses advanced water purification
technologies to process reclaimed and recycledwater to drinking standards. Previously, all waterused on-site was supplied using freshwater from thePUB. In July 2023, FCI implemented the NEWater
initiative, incorporating a dedicated pipeline from
NEWater storage tanks to deliver reclaimed water
directly to the plant’s plating processes, scrubbers
and cooling towers. The project has led to a 39%
reduction in water consumption at the site since
implementation and is expected to reduce thefacility’s water consumption by up to 50% by 2025.

AMPHENOL CORPORATION

Environmental Responsibility
Waste Disposal
Operating as efficiently as possible is a core component ofAmphenol’s management culture. Inherent in this cultureis the imperative to be thoughtful about the resources
we use to both minimize and better manage waste in our
processes. Our operations employ numerous methods tolimit our waste, with some examples including utilizing
recycled packaging for connectors, composting organic
material from our employee cafeterias and minimizing ourpaper usage across our operations.
We continue to look for new ways to further reduce ourwaste production and deliver more sustainable products toour customers. Through the waste minimization initiatives
we have undertaken over the past few years, our facilities
have been able to increase the percentage of our wastethat is reused, recycled or recovered. Of the total waste
generated by our operations in 2023, 71% was reused,recycled or recovered, up from 64% in 2022 and 65% in
2021. Due to the increase in the number of facilities in

Reusing Packaging
Amphenol Automotive Connection Systems Changzhou, China
In addition to the actions we have taken to reduce
the waste produced from our factories, our teams
are also working to reduce the impact of our
product packaging. As one example, our Automotive
Connection Systems facility in Changzhou, China
partnered with their supplier to implement an
innovative solution in their packaging process toencourage recyclability and reusability. To help promotea more circular economy, the facility has implemented
reusable plastic packaging trays. Once used in thefacility, the trays are returned to the supplier andused again in the next shipment of raw materials. The
use of these trays extends the lifecycle of our packaging
and helps promote circular economy principles within
our operations and throughout our value chain.
Cablecon - Vordingborg, Denmark

2023, our hazardous waste increased by 6% in 2023 versus
our 2022 levels. At the same time, 62% of the hazardous
waste generated was diverted from disposal during 2023.

2023 Waste End Use
Reuse

4%
7%

Recycling
Other Recovery

14%
51%
8%
3%

Incineration without
Energy Recovery
Incineration with Energy
Recovery13%

Landfill
Other Disposal

AMPHENOL CORPORATIONAs a manufacturer of highly diversified products that
require customized packaging solutions, we haveinitiated packaging reuse initiatives at several of ourfacilities to mitigate our product’s waste footprint.
At our Amphenol Cablecon facility in Vordingborg,
Denmark, we have replaced polyethylene plastic
molded protection caps used to protect connectors
during transport with a design solution made fromrecycled cardboard. The cardboard solution createsthe same protection as the plastic caps, while also
reducing the impact of plastics on our environment.
Management at the facility is currently analyzing
additional opportunities to replace protective plastic
packaging for other products, including for fieldinstallable pin connectors.

2023 SUSTAINABILITY REPORT

13

Environmental Responsibility
Planting the Seeds for a Better Future
Amphenol Technology Macedonia - Kocani, Macedonia
Trees play a vital role in mitigating climate change
and preserving biodiversity. Many of our facilities
around the world have organized tree planting and tree
giveaway initiatives to help promote the importanceof trees in reducing the impact of climate change. At
our facility in Macedonia, our team celebrated World
Mountain Day by planting 3,000 acacia seedlings in anarea above the city of Kocani which had been impacted
by wildfires. The number of seedlings planted represents
the 3,000 Amphenol employees working at the facility.

SV Microwave - West Palm Beach, Florida, USA
At our SV Microwave facility in West Palm Beach,
Florida, our team held two tree giveaway events during2023. To promote environmental sustainability andcelebrate Arbor Day, the facility gave over 250 trees andfertilizer spikes to participants, encouraging employees
to support biodiversity and habitat restoration at theirhomes. In a separate event in October, the facility
organized and hosted an event with a tree giveawayraffle, where the team distributed 30 locally native
trees. By providing native trees to the community, theteam hoped to raise awareness about the important rolenative trees play in supporting healthy ecosystems.

Amphenol Sincere Industrial Products - Pécs, Hungary
As part of our environmental stewardship efforts at ourfacility in Pécs, Hungary, employees planted trees onsite as part of our summer party. This initiative builds onthe facilities’ other environmental stewardship efforts
such as a robust internal waste recycling program andthe conversion to paperless processes where applicableand possible.

142023 SUSTAINABILITY REPORTAMPHENOL CORPORATION

Environmental Responsibility
Nurturing Nature: Biodiversity Conservation
Biodiversity provides ecosystem services essential
for sustaining life on Earth for generations to come.
Diverse ecosystems are more resilient in the faceof environmental changes, helping to mitigate theimpacts of climate change and natural disasters.
Several Amphenol facilities have implemented
biodiversity conservation initiatives with the goal of
helping to preserve our natural ecosystems.

another wood duck house along the river during2024.

Amphenol Air LB - Carignan, France
To enhance biodiversity near our Amphenol Air LB
facility in Carignan, France, our team has come up
with a creative solution to managing unwanted
plant growth around the site. During the growing
season, sheep are brought to the site to help withweed and invasive plant management. This practiceof eco-pasturing has led to increased flora andfauna biodiversity and resulted in the reduced useof traditional land management machinery. These
regenerative agriculture initiatives and many othersaround Amphenol help reduce overall resource
Times Microwave Systems - Wallingford, Connecticut, USA

consumption and foster local biodiversity.

To help protect the native wood duck, which has
a habitat near our facility, employees at our Times
Microwave business in Connecticut installed a woodduck house along the Quinnipiac River. While studies
conducted by the Connecticut Department of Energy
and Environmental Protection have shown that ducknests in tree cavities have a success rate of only 50%
due to easier predator access, duck houses are shownto have a nest success rate of 80-90% when placedon posts over water. To continue to support andprotect these native animals, our team plans to install
AMPHENOL CORPORATION

2023 SUSTAINABILITY REPORT

15

Our Products’ Impact
Our product solutions help generate renewable energy, create a smarter and more efficient power
grid, enable electric vehicles and related charging infrastructure and connect people across theglobe. By utilizing effective resource stewardship throughout the life cycle of our products, weconstantly strive to create a cleaner, safer, more sustainable world.

16

2023 SUSTAINABILITY REPORTAMPHENOL CORPORATIONOur Products’ Impact
Enabling the Electronics Revolution
Given the increasing complexity and connectedness of today’s
world, Amphenol’s products are supporting and enabling theelectronics revolution across a wide variety of end markets,
many of which contribute to a cleaner, safer future. Today,
our products are enabling the growth in electric passenger

Clean and Efficient• Environmentally friendly• More power efficiency

and commercial vehicles, clean energy solutions, 5G

Connected and Mobile• Always on

networks, cloud computing, artificial intelligence, wearable• Available anywheredevices, the Internet of Things, new airplane technologies,
space exploration and rural broadband rollouts, just to
name a few. Our diverse end market exposure allows
us to capitalize on these and many other opportunities,
positioning our business for long-term, sustainable growth.
Several key global trends are driving long-term growthfor our company, including clean and efficient energy
generation, connected and mobile solutions, higher data
speed requirements, increasing complexity and harsher
environments. Our products serve to accelerate theseHigh Speed• 5G capable and beyond• Increased bandwidth, low latency
Increased Complexity• Multiple connections• Next-generation applications
Harsh Environment• Ruggedized• Extreme vibration, temperature, pressure

important global trends, many of which help to ensure amore sustainable future.

Process Engineering Sustainability
Shanghai Amphenol Airwave - Haiyan, Chinaof sustainably sourced raw materials and minimizing

Our innovation extends beyond our products to ouremissions and energy usage. As a result of theseproduction processes. At the local level, we conduct
assessments of our facilities to pinpoint opportunities,
such as improving efficiency in heat, water andinitiatives to enhance resource efficiency and mitigate
pollution, the facility was honored with the title of
Jiaxing Green Factory 2023.

energy management, to align with our long-termsustainability goals. During 2023, employees acrossAmphenol worked to improve product development,
manufacturing and production processes to increase
efficiency, reduce GHG emissions and conserve
resources used across our operations.
As one example, our Shanghai Amphenol Airwave
business in Haiyan, China, constructed a sustainablefactory. The facility integrates eco-friendly designs
aimed at advancing technology, prioritizing the use

AMPHENOL CORPORATION

2023 SUSTAINABILITY REPORT

17

Our Products’ Impact
Innovation and Product StewardshipAmphenol focuses on providing our customers withcomprehensive design capabilities, a broad selection

Enabling Process Optimizationof products and a high level of quality and service on

Our innovations extend beyond our producta worldwide basis. Our research and development

offerings to the enhancement of our production

efforts are targeted at solving specific customer

processes to drive sustainability advancements.

challenges through close collaboration with ourAt the local level, we conduct assessments of ourcustomers. The products we develop are highly

facilities to identify opportunities for sustainability

engineered to meet our customers’ needs and have

improvements that align with our long-term

the potential for broad market applications.

objectives, including enhancements in heat, energy

We constantly strive to find ways to reduce
the environmental footprint of our products by
reducing their weight, optimizing their energy
needs and limiting emissions and waste related totheir manufacturing. While our products are often

and water management processes. Throughout
2023, employees around the world worked to
improve our product development, production andmanufacturing processes to reduce emissions andconserve resources.

advanced, highly engineered solutions, they are
typically a small component integrated into a larger
system. As a result, our products generally represent
only a fraction of the energy consumption and overall
emissions of the larger system, yet they play an
outsized role in enabling end products and systems
that contribute to a cleaner planet.

Commercial I/O - Shenzhen, China
Process optimization is a fundamental componentof Amphenol’s sustainability strategy whichallows us to achieve our environmental, socialand economic goals while enhancing operational
efficiency and competitiveness. As one example, at
our Commercial I/O business in Shenzhen, China,
the team commissioned a third-party to conduct alifecycle assessment for its USB Type C connector
using the ISO-14044 (Environmental Management)
standard. The lifecycle assessment provided ourcustomers with a full GHG inventory for the product's
lifecycle and provided data necessary for reducing theenvironmental impact of the product in the future.

182023 SUSTAINABILITY REPORTAMPHENOL CORPORATIONOur Products’ Impact
Enabling Green Energy Design
AssembleTech - Xiamen, China

enable solutions that support a more sustainable

Throughout 2023, our teams around the world worked

world, including developing products for solar panels,

to develop and enable new products that advancegreen energy technology as well as energy efficiency

alternative energy generation, electric and hybrid
vehicles and vertical farming, just to name a few.

savings. As one example, our AssembleTech businessin Xiamen, China developed high-speed connectorsthat reduce energy use and exhaust fumes in the
manufacturing process. As we worked to improvesignal integrity performance for our board-to-card andboard-to-cable connectors used to supply high power
to Graphics Processing Unit (GPU) applications, ourmanufacturing processes were adjusted to take into
account environmental factors. The new processes
increase the product's performance and also help

Socapex - Thyez, France

limit harmful exhaust fumes like carbon monoxide, tin
dioxide and ammonia.

At our Socapex facility in Thyez, France, our team has
been designing sustainably sourced “green-copper”

Amphenol Industrial Operations - Mesa, Arizona, USA

alloys to replace lead alloy parts used in its products.
We have tested numerous alloys in our engineeringlaboratory to characterize their performance. Afterextensive research, we have found a viable solution
for producing pin and socket contacts in compliancewith connector standards. This new alloy is currently
undergoing prototyping studies and testing to ensure
its effectiveness as a viable solution across various
applications.

In 2023, our Amphenol Industrial Operation business
opened a new facility in Mesa, Arizona focused on
the production of junction boxes and their associatedconnectors for both thin-film and silicon solar panel
products. The facility in Mesa adds to the business’s
other solar panel component facilities around the world
including in China, Hungary and Mexico. Employees at
the Mesa facility often meet to discuss sustainability
strategies, share insights and create plans to implement
new ideas to ensure we continue to lead and redefine
what is possible for solar technology. The facility is
another example of how Amphenol’s products help

AMPHENOL CORPORATION

2023 SUSTAINABILITY REPORT

19

Supply Chain
We confirm our products are made with ethically sourced materials through regular
evaluations and by working closely with supplier partners. We are committed to sourcing
responsible minerals and ethical labor. Amphenol prohibits working with suppliers who use
forced, bonded, child or indentured labor practices. We actively survey our Tier 1 suppliers
on an annual basis to confirm conformance to our policies related to conflict minerals,
environmental and human rights issues. Supply chain partners can also report potential
violations and questionable behaviors through our externally managed phone and onlinebased reporting tools.

202023 SUSTAINABILITY REPORTAMPHENOL CORPORATIONSupply Chain
Human Rights and Fair Labor Practices
We are committed to partnering with suppliers whose

Amphenol also continues to adhere to a “no fees”

values and standards of conducting business align withrecruitment program whereby recruitment costs are borne

our own culture and values. We actively survey our Tierby the Company, not our employees. This program also

1 suppliers on an annual basis to confirm conformanceextends to Amphenol’s Tier 1 Direct suppliers.

to our policies related to conflict minerals, environmental
and human rights issues. Our expectations of our suppliers
include compulsory understanding and alignment with thefollowing policies:•

Code of Business Conduct and Ethics;•

Supplier Code of Conduct, which prohibits the useof forced, bonded, child and indentured labor andinvoluntary prison labor; and•Although we are currently not in scope for the legislativerequirement, in 2023, Amphenol began aligning with theGerman Due Diligence Supply Chain Act. The German Due
Diligence Supply Chain Act requires in-scope companies
to implement and report on their due diligence related torespecting human rights. The legislative requirements include
establishing a risk management system to identify, preventand minimize human rights violations and environmental
risks. Organizations are required to publish human rights andSupplier Responsible Labor Policy, which sets forth theenvironmental due diligence reports regularly and implement

standards we expect our suppliers to uphold to confirm

mandatory compliant procedures across operations. To alignthat their working conditions are safe and that workers

with the German Due Diligence Supply Chain Act, Amphenol

are treated with dignity and respect.

began developing new grievance mechanisms which

As stated in our Code of Business Conduct and Ethics
policy, we have zero tolerance for human trafficking andslavery. Additionally, we strive to respect the rights of all
stakeholders through our commitment to the Universal
Declaration of Human Rights, OECD Guidelines forMultinational Enterprises, UN Guiding Principles on
Business and Human Rights and the International Labor

launched in early 2024. Previously, grievance mechanisms
were managed internally. Our new grievance mechanisms
include an externally managed hotline and an improved
whistleblower function. Managing our grievance mechanisms
through a third-party imparts a higher level of impartiality
and provides potential whistleblowers with an added layer ofconfidentiality.

Organization’s Declaration on Fundamental Principles andRights at Work. Our Global Human Rights Policy reinforces
our responsibility to respect and promote human rights
in our relationships with our employees, suppliers andmembers of the communities in which we operate. As aresult of our programs in these areas, we publish our AntiHuman Trafficking and Slavery Statement on an annual
basis to illustrate our progress.
As a member of the Responsible Business Alliance (RBA),
we collaborate with other businesses in the world’s largest
industry coalition dedicated to promoting corporate
responsibility in global supply chains. We leverage RBA’s
tools and services to support our responsible and ethicallabor programs.
AMPHENOL CORPORATION

2023 SUSTAINABILITY REPORT

21

Supply Chain
Sustainable Supply Chain
Our goal is to develop a collaborative supply chain thattrading in the Democratic Republic of Congo or otherseeks to reduce its environmental and social impact while

adjoining countries. As detailed in our most recent annual

simultaneously enhancing the long-term sustainability ofConflict Minerals Report, we actively survey our supply

our planet. One of the ways we do this is through local

chain for all 3TG, cobalt and mica used in our products

evaluations of the quality and stewardship of our suppliers’

to confirm reasonable country of origin inquiries (RCOI)

products and assessments on whether they are meetingand proper due diligence processes have been performed.

our standards on certain social responsibility requirements

On an annual basis, we assess our responsible minerals

and metrics. In addition, our raw materials and components

program to determine if minerals beyond 3TG, cobalt

are regularly tested for regulated substances to confirm

and mica need to be added to our policy to support athat our products comply with customer expectations andresponsible, conflict-free supply chain.

industry standards (i.e., Halogen-Free, Lead-Free), as well asother applicable regulations such as California Proposition
65, the U.S. Toxic Substances Control Act (TSCA),
Restriction of Hazardous Substances (RoHS), Persistent
Organic Pollutants (POPs) and Registration, Evaluation &Authorization of Chemicals (REACH).

We have aligned our responsible minerals program withthe principles of the OECD Due Diligence Guidance for
Responsible Supply Chains of Minerals from Conflict
Affected and High-Risk Areas (CAHRAs). Amphenol has
determined that our European operations are not directly
in-scope for the European Union (EU) Conflict Minerals

We annually assess our supply chain and engage with our

Regulation and its CAHRAs purview, however, we assess

most at-risk Tier 1 Direct suppliers through a targeted,

our status annually and align our business operations withgeographically based outreach campaign to confirm ourapplicable responsible sourcing guidance to support ourstandards are met. Our supply chain risk management

customers who are in-scope for the regulations. Amphenol

efforts include ESG elements in our supplier auditing

is a proud member of the Responsible Minerals Initiative

programs and, in 2023, we conducted enhanced company-(RMI), an industry organization dedicated to collectively

wide trainings on adding an ESG focus to these programs.

understanding and addressing significant social andWe also conduct audits for suppliers in the highest ESG risk

environmental impacts associated with the extraction andcategory. As a next step, we will evaluate our progress andprocessing of raw materials in supply chains.

assess auditing activity levels throughout the company witha goal of having this completed by the end of 2025.

Conflict and Responsible Minerals
Amphenol seeks to go beyond local and customer
requirements in our efforts to be a good corporate steward.
In addition to complying with the U.S. Securities andExchange Commission (SEC) Conflict Minerals regulations,
we have our own internal commitment against the useof conflict minerals, contained in our comprehensive
Responsible Minerals Policy. Our policy prohibits the useof tin, tantalum, tungsten or gold (3TG), cobalt or micathat may originate from sources that directly or indirectly
finance or benefit armed groups through mining or mineral22

2023 SUSTAINABILITY REPORTAMPHENOL CORPORATIONOur TeamWe remain committed to ensuring the health, safety and well-being of our approximately 95,000
hard-working and dedicated employees who are our greatest asset. We deliver on this commitment
by nurturing the development and training of our workforce, providing safe working conditions andfostering an inclusive work environment for our diverse organization. Our dedication to ouremployees extends to the local communities where we operate, and we thoughtfully engage in avariety of corporate citizenship and philanthropic efforts that support their improvement.

AMPHENOL CORPORATION

2023 SUSTAINABILITY REPORT23

Our Team
Workplace Safety
Keeping our employees safe has always been one of ourand immediate stop work authority when serious hazards

highest priorities. To confirm the importance of safetyor risks are identified.

in our facilities, we provide health and safety training
and other resources to our employees, emphasizing
the importance of prioritizing and constantly improving
these measures. Our on-site health and safety programs,
resources, reporting and training are coordinated locallyby our EHSS and human resources teams to ensure these
programs are properly communicated and understoodand that they best fit the specific needs of our different
locations. Our corporate EHSS team works closely with
our local teams to track employee training hours andimplement safety policies and best practices that are incompliance with local regulations. During the onboarding
process, newly built or acquired sites receive workplacesafety training detailing safety systems and considerations
recommended by the corporate team.
In addition to on-site training, Amphenol provides inperson and virtual corporate-level training and ongoingroundtable activities to our facilities that present
recommendations and best practices on topics which will
help elevate safety performance across the organization.

Hazards and risks are identified at the facility level throughindividualized health and safety management systems.
Each facility is encouraged to develop its own investigation
processes when hazards and risks are identified. When
workplace safety hazards are identified, we address
the root causes of these hazards to better mitigate andprevent workplace injuries. We have also developed aninternal incident reporting system called Code Blue for thereporting of serious environmental or safety incidents. The
system conveys information on these incidents to businessand corporate leadership in order to create awarenessof the organization’s most serious safety concerns. The
implementation of Code Blue provides an information
channel to stimulate opportunities for improved risk
management across the entire organization.
During 2023, we began releasing an Environmental
Health and Human Safety newsletter across our internal
Amphenol Connections platform. The newsletter highlights
sustainability actions and initiatives occurring acrossAmphenol. Topics such as machine guarding, incident

To help provide a safer working environment, we havereporting training, ESG data reporting training and otherestablished safety committees in the majority of our

ESG-related projects happening within our company are

facilities and implemented ISO 45001 safety management

detailed throughout the newsletter.

systems in a number of our locations. All Amphenol sites
are required to follow safety regulations as outlined in
our Code of Business Conduct and Ethics policy. The
vast majority of our facilities have several safety training
sessions, job hazard assessments and routine inspections
conducted throughout the year. During these hazard
education and identification training and assessment
events, employees learn about the root causes of serious
work-related hazards, such as a lack of machine guarding
and lack of equipment pre-start evaluations. Employees are
given the tools and skills to improve safety performanceacross operations including personal protective equipment

242023 SUSTAINABILITY REPORTAMPHENOL CORPORATIONOur Team
Talent Development and Training
We want to ensure that our business remains competitive;

Amphenol employees across all levels in the United States.

this means supporting our employees with the training andIntroduced in 2022, this platform has been further enhanced

tools they need to develop and enhance their professional

to better suit the needs of our company and we plan further

skills. Our operations around the world support continuous

expansion of training content in 2024.

learning and advanced training for the development of
new skills. We also enable employee transfers to support
new job opportunities in different Amphenol businesses orwhen employees choose to relocate.

In 2023, we changed our definition of training to match the
GRI definition and to exclude job training, which has beena major focus of our training efforts. As a result, our 2023
reported training hours are not directly comparable to the

To keep our employees connected and informed, we

reported training hours for 2022 and 2021. In 2023, using

have developed an internal platform for information

the GRI definition, our global workforce completed a total

sharing called Amphenol Connections. The platform actsof 1.17 million training hours.

as a community resource to help employees understandvarious aspects of Amphenol and our different operations.
Amphenol Connections also provides employees witha broad range of information resources relating to a

Employee Training Hours(in millions)variety of topics including various market trends, internal
collaboration, IT best practices, EHSS, finance, internal

1.83

2.03

audit, human resources and several others. In 2023, we

1.17

expanded our Amphenol Connections platform to deliver
various trainings, tools and information to our employees.
In addition, we utilize Open Sesame’s platform to curate and

2021

2022

2023

deliver safety, regulatory and process training content to

AMPHENOL CORPORATION

2023 SUSTAINABILITY REPORT

25

Our Team
Employee Well-Being
We understand that the well-being of our employees is
integral to our success. To support them, many of our

Encouraging Employee Wellnesssites supplement traditional healthcare benefits with in-

AirLB Germany - Wadgassen, Germany

house health care clinics, mental health and counseling

We remain committed to helping our employees

support, on-site flu and COVID vaccinations, dental

enhance their overall wellness through various

care, optional fitness classes, nutritional counselinginitiatives so that they can thrive both personallyand healthy food service options. In addition, many ofand professionally.

our business units offer flexible working hours, workfrom-home arrangements, part-time working options,childcare contributions, breast-feeding/lactation
facilities or benefits and paid parental leave for the
primary and non-primary caregiver. These programs
foster inclusion and belonging for employees in all
stages of their careers and lives.

For example, at our AirLB facility in Germany,
we offer a range of physical wellness program
options. The facility conducts running meetings
during lunch to get employees outside and active.
Employees at the facility are also encouraged tojoin the annual company run, with approximately
one-third of the site’s workforce participating in
2023.
The facility also partners with a local fitness studioto offer employees an opportunity to exercise
beyond running. In addition, AirLB partners with alocal provider to offer employees massage and bioresonance treatments, as well as nutrient packets
to boost digestion and the immune system duringcold and flu season. To support employees’ mental
health, the facility partners with a local healthcare
center to offer employees free anonymous
counseling sessions.

26

2023 SUSTAINABILITY REPORTAMPHENOL CORPORATIONOur Team
Community Outreach
Our facilities actively engage with their local communities

Unlimited Services - Oconto, Wisconsin, USA

because we realize how critical the health and vitality

In September, our Unlimited Services facility in Oconto,of these communities are to our own employees andWisconsin helped to sponsor the 2023 All In girls’

to our business. Our community outreach is conducted

leadership conference held for eighth grade girls in thelocally at the facility level, which helps ensure that

Oconto Unified School District. Unlimited’s Director

our efforts are directly supporting the communities

of Human Resources shared her leadership journey

where our employees live and work. Some of these
activities include sponsoring and partnering with local
charitable organizations to provide food for homelessshelters, donating school supplies to needy children andand introduced three other conference speakers.
Speakers shared valuable advice on navigating peerpressure, boosting self-esteem, excelling in academics
and other empowering topics. The event emphasizedsponsoring gift drives during the holidays.

the importance of dreaming big and highlighted that

Procom - Wellingborough, United Kingdom

conference feeling empowered and inspired.

it’s never too early to start. The attending girls left the

At Amphenol, our commitment to sustainability extends
to reducing food waste and cultivating community
gardens through volunteer initiatives. Employees at
our Amphenol Procom UK facility volunteered for a
local charity called the Wellingborough Daylight Centre
that assists people experiencing homelessness andother vulnerable adults in the community. Employees
provided maintenance work on the center’s fruit andvegetable garden including weeding plots, pruning fruit
trees and cultivating soil for future crops. The fruits
and vegetables harvested from the garden support
the charity’s food bank and community café, as well as
contribute to fundraising efforts through produce sales.

El-Cab - Owinska, Poland
At our Amphenol El-Cab facility in Owinska, Poland,
we hosted an event with an organization called
Occupational Therapy Workshop (WTZ) which provides
disabled members of the community with opportunities
for social, vocational and medical rehabilitation. During
the workshop, participants were able to develop
fitness and independence skills while learning about
Amphenol’s production processes and the products
created on-site. WTZ students were able to test theirlearned skills through guided activities such as stripping
wires and crimping connectors. Through events suchas this workshop, our team aims to build a stronger
connection with the local community.

AMPHENOL CORPORATION

2023 SUSTAINABILITY REPORT27

Our Team
Diversity, Equity and Inclusion
Amphenol is a global, multicultural company and our
employees reflect the diversity of our geographic

Supporting Diversity and Inclusion

footprint. At the end of 2023, 58% of our workforce
was located in the Asia-Pacific region, with 25% inNorth America and 15% in Europe. As of our last EEO1 filing in 2022, which is available on our corporatewebsite, 66% of our U.S. workforce identified as
white, 12% identified as Asian or Pacific Islander, 13%
identified as Hispanic and 7% identified as Black. We
plan to make our 2023 EEO-1 filing publicly available
when it is finalized later this year.
Men
52%

Hispanic
13%
Asian
12%

Black
7% Undisclosed
or other
2%

Women
48%

Global Workforce

Amphenol’s senior female leaders at our annual
Worldwide Management Meeting

White
66%

U.S. Workforce Diversity

At Amphenol, we aim to create an inclusive working
environment where all employees are respected andtreated equitably. While our company spans the globe,
we remain agile by not standardizing our approachacross our businesses. We rely on local nationals toserve as general managers in every region, a unique

Our SAA business in Vietnam

approach that we believe creates a strong degree oforganizational stability and a deep commitment to ourpeople and the communities in which they live.
A key hallmark of our structure is our entrepreneurial
culture that creates clear accountability for each of ourgeneral managers who are our key business leaders.
Our core management team is comprised of thesegeneral managers and their controllers, as well as ourgroup general managers, their controllers and our
executive management team. Women represented
26% of this core management team at the end of 2023.
Of our total employees worldwide, approximately half

Supporting our LGBTQ+ employees

are women.
282023 SUSTAINABILITY REPORTAMPHENOL CORPORATION

Responsible
Business
At Amphenol, we do the right thing, always. Maintaining our integrity
and reputation will always be our priority. Amphenol’s shared values
to be ethical at all times, create a diverse workforce, empower ourpeople, ensure a sustainable business and continue to innovate forcustomers is fully endorsed by our Board of Directors and executive
management. Our corporate sustainability initiatives are supported,
reviewed and overseen by Amphenol’s Board of Directors.

Amphenol’s Board of Directors with our Silicon Valley, California sales team.
AMPHENOL CORPORATION

2023 SUSTAINABILITY REPORT29

Responsible Business
Board of Directors
The mission of our Board of Directors is to represent the(i) the failure to receive the required majority vote for re-interests of shareholders in the long-term performance ofelection and (ii) acceptance by the Board. The Company

the Company. The Board is elected annually by shareholders

has a plurality voting standard for contested director

to oversee and provide guidance on our business and is theelections.

ultimate decision-making body of the Company, except for
those matters specifically reserved to shareholders.

Our Board is currently comprised of nine directors. Overthe past six years, we have undertaken a significant

Our Board is committed to sound corporate governanceeffort to refresh our board with the election of five new

structures and policies that enable us to operate ourdirectors, including three women. The Board believes itbusiness responsibly and with integrity, and to position us

functions most effectively when comprised of a diverse

to compete more effectively, sustain our success and build

set of members, including a healthy mix of short-, mid-long-term shareholder value.

and long-serving members. Our Board also believes that

The Board has adopted governance structures and policies
that it believes promote Board independence and theinterests of shareholders. These structures and policies
include, among others:

diversity includes diversity in terms of background, skills,
age, experience and expertise, as well as gender, raceand ethnicity. Of our nine current directors, three wereborn outside of the United States and two identify as
under-represented minorities (Black or African American,•

Annual election of all directors

Hispanic or Latinx, Asian, Native American or Alaska•

Independent Presiding Director empowered withNative, Native Hawaiian or Pacific Islander, or two or

clearly delineated duties

more Races or Ethnicities). One identifies as LGBTQ+ and•

A supermajority of independent directors

three of our directors are women.

•

Regular executive sessions at Board meetings without
management present•

All Board committees composed exclusively of
independent directors•

Directors’ unrestricted access to management andindependent advisors•

Active shareholder engagement•

Proxy access for shareholders•

Shareholder right to call special meetings•

One-share, one-vote standard

Executive Compensation
Our executive compensation philosophy is designed toalign the interests of management with the interests ofshareholders to drive long-term shareholder value throughperformance. Our Board’s Compensation Committee
oversees our overall compensation and benefits programs,
including for our senior executives. In 2022, our annual
incentive bonus plan was amended to add bothsustainability and risk management performance as
discretionary factors in assessing an employee’s overall

In addition, the Company’s By-Laws and Corporate

bonus payout. In 2023, we adopted a Policy for Recovery

Governance Principles provide for majority votingof Erroneously Awarded Compensation (Clawback Policy)

in uncontested director elections, combined with ain compliance with SEC rules and regulations and therequirement that the Board nominate only director

corresponding NYSE Listing Standards. A comprehensive

candidates who tender advance, irrevocable resignations

discussion of executive compensation can be found in ourthat will become effective upon the occurrence of bothdefinitive proxy statement.

30

2023 SUSTAINABILITY REPORTAMPHENOL CORPORATION

Responsible Business
Risk Oversight
Our Board is actively involved in overseeing risk

basis. Our decentralized nature allows us to empower

management for the Company. This oversight is conductedfacility management to effectively mitigate risks throughboth directly and through the committees of the Board.

tailored site-specific solutions and increases our resilience.

At each regularly scheduled quarterly meeting, the entire

To minimize risks, we encourage our general managers

Board reviews various risks facing the Company. Each of

to employ risk identification and mitigation methods

the Board committees is responsible for oversight of risk

customized to local laws, regulations, market conditions

management practices for categories of risks relevant toand cultural nuances. This flexibility keeps our operations

its functions. Each committee has a written charter setting

agile by enabling them to effectively navigate diverse

forth its purpose, authority and duties. The committees

economic and political climates. This decentralization alsoenhance the Board’s oversight of areas that are critical toenhances resilience by minimizing the impact of a single

the Company’s corporate responsibility and sustainability

point of failure. In the event of disruptions, the localized

efforts, including among other things: transparent anddecision-making structure enables quick responses

reliable financial reporting, cybersecurity, ethics, pay-for-tailored to specific circumstances. This strategy also

performance, climate-related matters, diversity, equity andfosters innovation and creativity, as local teams can better

inclusion (DEI), Board succession planning, shareholder

address unique market demands and capitalize on local

proposals and nominations and corporate governance.

opportunities.

Amphenol uses a number of strategies in order to promote

The sites that comprise a significant portion of Amphenol’sand enhance an effective risk culture throughout ourorganization. During each of our monthly management
operation reviews our operating leaders communicate
identified risks to our CEO and CFO, and our CEO and
CFO provide feedback on risk management practices

revenue are audited internally on a yearly basis. We also
conduct internal audits as needed based on management’s
risk assessments. In addition, we utilize third-party verified
audits as part of our risk management strategy and tocomply with Sarbanes-Oxley (SOX).

to our operating leaders. Our operating management isrequired to consider risks and risk mitigation strategies
as part of their annual budget and strategic planning
processes and to include specific mitigation strategies.
Risk management performance is also considered in theprocess used to determine annual compensation for our
senior executives, general managers and controllers.
Our corporate policies encourage employees to reportpossible violations of our policies or any other illegal,
unethical or risky behavior to either the employee’s
manager, the Amphenol Legal Department, the Audit
Committee of the Board of Directors or the Company's
whistleblower hotlines. The Audit Committee of our Boardof Directors reviews all substantive reports on a regular

AMPHENOL CORPORATION

2023 SUSTAINABILITY REPORT

31

Responsible Business
Sustainability OversightAmphenol’s sustainability initiatives are governed by

At a management level, our executive leadership team isa structure of leadership, oversight and goals that

responsible for managing our sustainability programs. In

encompass our entire company. These initiatives are

particular, Amphenol’s VP of Environmental, Health, Safety

governed by a number of policies which outline ourand Sustainability is tasked with managing our company-

principles including in particular our:wide sustainability efforts. In addition, our Sustainability•

Code of Business Conduct and Ethics•

Diversity, Equity and Inclusion Policy•

Environmental Policy•

Global Human Rights Policy•

Health and Safety Policy•

Responsible Minerals Policy•

Supplier Code of Conduct•

Supplier Responsible Labor Policy

Our Board of Directors oversees the Company’s overallsustainability programs, including this Sustainability
Report. The Audit Committee is responsible for assisting
the Board in fulfilling its oversight responsibility for the“Environmental” portion of ESG, which includes

Steering Committee includes cross-functional and crossorganizational representatives who meet formally on an
as-needed basis, and typically at least once a year. This
Committee evaluates company-wide sustainability data,
recommends appropriate goals to our executive team andcoordinates sustainability activities across the Company.
Consistent with Amphenol’s broader culture of
empowerment and accountability, our local management
teams are responsible for executing our sustainability
programs and achieving our sustainability goals. This
includes taking actions to prevent, mitigate or remediate
actual or potential ESG and human rights-related impacts,
as well as managing processes to track the effectiveness of
the actions, goals, targets and indicators used to evaluatesustainability progress.

(1) periodic reviews of the Company’s climate-change
related strategies, policies, disclosures, goals, performanceand measurement, including with respect to greenhousegas emissions, energy and water usage and (2) monitoring
the effectiveness of Company systems necessary toensure compliance with applicable legislation, regulatory
requirements, industry standards and Company policies,
programs and practices relevant to climate-change related
matters. The Compensation Committee is responsible forassisting the Board in fulfilling its oversight responsibility
for the “Social” portion of ESG, which includes a periodic
review of the Company’s DEI programs and performance.
The Nominating/Corporate Governance Committee
continues to be responsible for assisting the Board in
fulfilling its oversight responsibility for the “Governance”
portion of ESG.

32

2023 SUSTAINABILITY REPORTAMPHENOL CORPORATION

Responsible Business
Human Capital Management and Culture OversightAnti-Bribery

Our Board is actively involved in overseeing the Company’s

Our reputation is one of our most important assets.

employee-related strategies and practices as well as the

The bedrock of this hard-earned reputation is theCompany’s culture. This oversight is conducted both

integrity and honesty of our employees around the

directly and through certain of the Board’s committees.

world. Amphenol’s Code of Business Conduct and Ethics

At each of its regularly scheduled quarterly meetings,

requires all employees to follow the law and adhere to

the Board reviews changes in key personnel and, atthe highest ethical standards at all times. This includes

least once per year, meets with management to discuss

following all anti-bribery laws in the jurisdictions invarious human resources related topics, including talent

which we operate. In addition, the making of any

development, succession planning and culture. We believe

improper payments or offers of payments to obtain or

Amphenol's culture has been a critical component of theretain business is strictly prohibited. This also includes

Company’s success and reinforcing that culture is a key

prohibiting making payments (including commissions)

responsibility of our executive management.

to third parties who in turn compensate government

The Board has primary responsibility for succession
planning for the CEO and for our other executive
management. The Compensation Committee has
primary responsibility for executive and company-widecompensation policies and programs, as well as theCompany’s DEI initiatives.

Ethical Culture
Compliance is a top priority to ensure we are operating
ethically, efficiently and responsibly across our value chain.
One of our key values is that we do the right thing, always.
Maintaining our integrity and reputation will always be
our priority.

officials or other third parties to secure or maintainbusiness. Our commitments are also supported andreinforced by our Supplier Code of Conduct so that our
corporate integrity is extended through to our business
partnerships.

Anti-Competitive Practices
We seek competitive advantages through superior
performance, rather than through unethical or illegal
business practices, as outlined in our Code of BusinessConduct and Ethics. Stealing proprietary information,possessing trade secret information that was obtained
without the owner’s consent or inducing such disclosuresby past or present employees of other companies

Amphenol’s Code of Business Conduct and Ethics provides

is strictly prohibited. Each employee is expected to

employees with a standard approach to managing ethicaldeal fairly with the Company’s customers, suppliers,

situations, information on available resources and policy

competitors, officers and employees. We are proud that

guidance on common ethical issues. It also provides

our business has never incurred any government fines

employees direction on anti-corruption, anti-bribery andor settlements related to anticompetitive practices,anti-competitive behavior as well as a number of othercorruption or bribery.

important topics. All of our employees are held to andcovered by this Code, which is a core document that our
global management team receives training on and digitally
acknowledges each year. This Code is further supported
by a robust ethics and compliance program, including an
independent internal audit function, and a whistleblower
and investigation process with a strict policy prohibiting
retaliation.
AMPHENOL CORPORATION

2023 SUSTAINABILITY REPORT33

Responsible Business
Political Contributions

Cybersecurity

The Company prohibits the use of corporate funds to

Our Board of Directors maintains oversight responsibility

make contributions to political parties or candidates,

relating to our information security and cybersecurity

whether federal, state or local, as stated in our Politicalprogram, with assistance from the Audit Committee ofActivity Statement. Consistent with this approach,the Board. At least annually, our executive leadershipAmphenol’s policy is not to direct corporate funds toteam (including the leaders of our information technology

political organizations (that is, organizations organized

and internal audit teams) provides an overview of ourunder Section 527 of the Internal Revenue Code) or

information security and cybersecurity programs to thefor communications to support or oppose specificfull Board. To reduce the likelihood and severity of cyberpolitical candidates (such as through electioneering

intrusions, the Company has a comprehensive and evolving

communications or other corporate independent

cybersecurity program designed to protect and preserve

expenditures). Amphenol does not have a company-

the confidentiality, integrity and availability of our data

sponsored Political Action Committee. In 2023, we didand systems. We regularly perform risk assessments andnot contribute any money to political campaigns, political

penetration tests relating to cybersecurity and technology

organizations or organizations engaged to lobby directly

risks. We also conduct regular workforce training to

on behalf of the Company. In 2023, we held a corporate-

instruct employees how to better identify cybersecurity

level membership in one U.S. trade association where theconcerns and to avoid actions that might inadvertently

annual dues paid by us exceeded $50,000 and that wasallow outsiders to access our systems. Our greatest asset

with The National Association of Manufacturers.

in combatting information security and cyber-related

Data Privacy
Safeguarding personal data is a top priority and Amphenol
is committed to protecting the privacy and securityof the personal data of our employees, customers,

risks remains the Company’s decentralized information
technology infrastructure, where each business unit
maintains a separate and distinct information technology
system.

suppliers and other business contacts. Amphenol’s
privacy compliance program is managed by a core team ofcompliance professionals, with both Board and executive
management oversight.
As part of our commitment to data privacy, we maintaina compliance program designed to provide consistentsafeguards of personal data and compliance withapplicable privacy and data protection laws. We havedetailed policies and procedures for the protection andhandling of personal data, which we update regularly. In
addition, we train relevant employees on data privacy
topics. In 2023, we did not receive any complaints from
regulatory bodies or outside parties concerning breachesof customer privacy.

342023 SUSTAINABILITY REPORTAMPHENOL CORPORATION

Appendix A
GRI Content Index

Statement of use:
Amphenol has reported in accordance with the 2021 GRI Standards for the period January 1, 2023 throughDecember 31, 2023.
Disclosure
Number

Disclosure Title

Location

Omissions

GRI 2: General Disclosures 2021
2-1

Organizational details

About Amphenol (p. 4); 2023 10-K Report

2-2

Entities included in theorganization’s sustainability
reporting2023 10-K Report; About Amphenol (p. 4-5); Our Sustainability
Approach and Progress (p. 6); Appendix C: ESG Metrics
For reporting purposes, we have a financial scope boundary and a
GHG and sustainability boundary. Please refer to our 10-K statementsfor our financial reporting boundaries. Please refer to Appendix C ofthis report for our sustainability reporting boundaries and to learn
more about our data collection process. Information collected onmaterial topics varies based on scope and data metrics measured.
Amphenol does not have any minority interests.

2-3

Reporting period, frequency
and contact point2023 10-K Report; About Amphenol (p. 4-5); Our Sustainability
Approach and Progress (p. 6); Appendix C: ESG Metrics; back coverWe publish a Sustainability Report annually.

2-4

Restatements of information

In this report we have restated our energy and emissions data as aresult of recategorizing our leased office emissions from Scope 3
Category 8 to Scope 1 and Scope 2 and associated Scope 3 Category
3. The restatement was applied to years 2021 through 2023. We havealso corrected our 2022 renewable energy value which was misstatedin our prior year report.

2-5

External assurance

Verification report of Greenhouse Gases and Energy Indicators

2-6

Activities, value chain andother business relationships

2023 10-K Report (2-11)

2-7

Employees

About Amphenol (p. 4-5); Our Team (p. 23, 28); Appendix C: ESG
Metrics

Reason for Omission: Information unavailable
Amphenol does not currently track employee datausing the same categorizations laid out in the GRI
framework.
Reason for Omission: Confidentiality constraints
Amphenol does not report on specific employee
number totals by gender or region. This
information is considered to be confidential.

2-8

Workers who are not
employees

Appendix C: ESG Metrics

2-9

Governance structure andcomposition

2023 10-K Report; 2024 Proxy Statement (p. 6-14, 17-21);
Responsible Business (p. 30)

2-10

Nomination and selection of
the highest governance body2023 10-K Report; 2024 Proxy Statement (p. 6-18); Responsible
Business (p. 30)

2-11

Chair of the highest
governance body2023 10-K Report (p. 93); 2024 Proxy Statement (p. iv, 7-14);
Responsible Business (p. 30)

AMPHENOL CORPORATION

2023 SUSTAINABILITY REPORT

35

Disclosure
Number

Disclosure Title

Location

Omissions

GRI 2: General Disclosures 2021 (continued)
2-12Role of the highest
governance body inoverseeing the managementof impacts

2023 10-K Report (p. 93); 2024 Proxy Statement (p. 15-25);
Responsible Business (p. 29-34)

2-13

Delegation of responsibility
for managing impacts

2023 10-K Report (p. 93); 2024 Proxy Statement (p. 16-23);
Responsible Business (p. 29-34)

2-14

Role of the highest
governance body insustainability reporting

2023 10-K Report (p. 93); 2024 Proxy Statement (p. 23); Responsible
Business (p. 29-34)

2-15

Conflicts of interest

2024 Proxy Statement (p. 3-4, 16); Code of Business Conduct andAt Amphenol, due diligence is an ongoing process that guides our
strategy and planning, and enables us to identify environmental,
financial, social and human rights risks within our own operations, oursupply chain and across the products we sell. To embed responsible
business conduct into our operating policies and management
systems, our governance bodies regularly update our standards andpolicies to ensure they are relevant and valid. We use global and local
procedures to continuously identify and assess risks at the facility,business unit or company-wide level. Each facility is responsible for
ensuring that we are up to date with local regulations, stakeholder
expectations and other necessary contextual information. To ensure
we are working in a way that prevents negative impacts, we cooperatewith various stakeholders to identify potential adverse impacts. We
prevent or mitigate adverse impacts through monitoring and reporting
channels across our operations and supply chain and partnering withorganizations and other stakeholders to create collaborative solutions.

Ethics (p. 4)
Individuals associated with Amphenol should be aware of anddisclose any personal financial interests, relationships or affiliations
that may influence, or be perceived to influence, their decisionmaking. If a conflict of interest related to cross-shareholding is
identified, Amphenol will take the appropriate measures to mitigate
the conflict. Amphenol allows members of our Board of Directors toserve as Board members for more than one company. Cross-board
membership creates interconnected networks among companies
where Board members can share knowledge, expertise and insights
and make valuable connections with executive leadership at different
organizations. We disclose our Board members' involvement withdirectorships of other organizations to ensure transparency. If
conflicts of interest arise due to cross-board membership, directors
may be asked to recuse themselves from Amphenol’s Board of
Directors. We conduct periodic reviews to ensure director affiliations
due to cross-board membership do not create conflicts of interest.
2-16

Communication of criticalconcerns

Code of Business Conduct and Ethics (p. 8); Responsible Business(p. 29-34)
The Board of Directors reviews ethics hotline issues on a regularbasis. No significant critical issues were identified during the reporting
period.

2-17

Collective knowledge of thehighest governance body2023 10-K Report (p. 93); 2024 Proxy Statement (p. 15-25);
Responsible Business (p. 31-32)
We do not currently have ESG-specific training programs in place for
our Board of Directors, but we ensure that Board members are kept
informed about evolving ESG reporting and sustainability matters.

2-18

36

Evaluation of the performanceof the highest governancebody2023 10-K Report (p. 93-94); 2024 Proxy Statement (p. 34-46)
We have taken significant steps to enhance our governanceframework by incorporating board responsibilities focused on ESG
management performance. These measures include assigning separate
committees the responsibility for addressing ESG-related issues.
However, it’s important to note that while we have implemented
these structures, we do not presently evaluate Board members basedon their individual ESG performance. Additionally, our annual Board
member evaluations are not currently assessed by an independent
third party.

2023 SUSTAINABILITY REPORTAMPHENOL CORPORATION

Disclosure
Number

Disclosure Title

Location

Omissions

GRI 2: General Disclosures 2021 (continued)
2-19

Remuneration policies

2023 10-K Report (p. 93); 2024 Proxy Statement (p. 34-46);
Clawback Policy
Senior executives’ remuneration package may be affected by ESG
management and oversight performance.

2-20

Process to determine
remuneration

2023 10-K Report (p. 93); 2024 Proxy Statement (p. 34-46)

2-21

Annual total compensation
ratio

2023 Proxy Statement (p. 49); 2024 Proxy Statement (p. 60)

2-22Statement on sustainable
development strategy

A Message from Adam Norwitt (p. 3); Our Sustainability Approach andProgress (p. 6); Stakeholder Engagement (p. 8)

2-23

Policy commitments

A Message from Adam Norwitt (p. 3); About Amphenol (p. 4-5); Our
Sustainability Approach and Progress (p. 6); Our Sustainability Goals(p. 7); Supply Chain (p. 21); Responsible Business (p. 29-34)

Stakeholder views are one factor among many that are taken into
consideration when executive management designs remuneration
policies. Shareholders vote on remuneration policies on an annual
basis.

At Amphenol, we apply the precautionary principle in formulating
sustainability policies, assessing ESG risks and opportunities anddeveloping climate-solution technologies.

2-24

Embedding policy
commitments

Reason for Omission: Information unavailable.
Amphenol does not currently categorize our
stakeholders within our Human Rights Policy
Statement and does not currently have special
considerations in place for vulnerable groups orcommunities. We may consider categorizing andprioritizing certain stakeholders, especially thosebelonging to vulnerable groups, at a future date.

About Amphenol (p. 4-5); Our Sustainability Approach and Progress(p. 6); Our Sustainability Goals (p. 7); Supply Chain (p. 21); Responsible
Business (p. 29-34)
At Amphenol, our executive team and general managers are required
to complete training on our Code of Business Conduct and Ethics.
Managers are encouraged to disseminate the information amongst
their teams.

2-25

Processes to remediate
negative impacts

Supply Chain (p. 20-22); Responsible Business (p. 29-34)

2-26

Mechanisms for seeking
advice and raising concerns

Responsible Business (p. 29-34)

2-27

Compliance with laws andregulations

Supply Chain (p. 20-22); Responsible Business (p. 29-34); Appendix C:
ESG Metrics

2-28

Membership associations

Supply Chain (p. 20-22)  

2-29

Approach to stakeholder
engagement

Stakeholder Engagement (p. 8)

2-30

Collective bargaining
agreements

Stakeholders are not currently involved in the design, review,
operation or improvement of grievance mechanisms. When grievances
are reported, legal, internal audit and human resource management
mechanisms are used to conduct deeper investigations as neededon a case-by-case basis. Certain investigation processes will involve
different executive management on an as-needed basis.

Reason for Omission: Information/Confidentiality
Constraints
Amphenol does not disclose the percentage of
employees covered by confidentiality constraints.
This information is considered confidential and istherefore not reported.

GRI 3: Material Topics 2021
3-1

Process to determine material
topicsStakeholder Engagement (p. 8)

3-2

List of material topics

Stakeholder Engagement (p. 8)

AMPHENOL CORPORATION

2023 SUSTAINABILITY REPORT

37

Disclosure
Number

Disclosure Title

Location

3-3Management of material
topics2023 10-K Report (p. 48); Stakeholder Engagement (p. 8); Responsible
Business (p. 29-34); Supplier Code of Conduct; Global Human Rights Policy

Omissions

GRI 201: Economic Performance 2016
3-3

Management of material
topics2023 10-K Report (p. 48); Stakeholder Engagement (p. 8); Responsible
Business (p. 29-34)

201-1

Direct economic value
generated and distributed

2023 10K Report (p. 51-54); Appendix C: ESG Metrics

201-2

Financial implications andother risks and opportunities
due to climate change

2023 10K Report (p. 12-21); Appendix D: TCFD Disclosure

201-3

Defined benefit plan
obligations and otherretirement plans

2023 10K Report (p. 76-80)
Defined benefit plan estimations, employer/employee contributions
and employee participation requirements vary by location.

GRI 205: Anti-corruption 2016
3-3

Management of material
topicsStakeholder Engagement (p. 8); Responsible Business (p. 29-34); Codeof Business Conduct and Ethics

205-2

Communication and training
about anti-corruption policies
and procedures

Responsible Business (p. 29-34); Appendix B: SASB Alignment

Confirmed incidents ofcorruption and actions taken

Responsible Business (p. 29-34); Appendix B: SASB Alignment

205-3

Business leaders are expected to sign the Code of Business Conduct
and Ethics Policy on an annual basis. The Code of Business Conduct
and Ethics provides details on topics specific to anti-corruption andleaders are encouraged to share the policy document with their teams
each year. We provide annual compliance training to approximately
800 senior management level employees. Senior management thatreceives training is expected to relay information and best practices totheir team members.
Reason for Omission: Confidentiality constraints
OR Legal prohibitions
Amphenol does not disclose the number ofconfirmed incidents when contracts with business
partners were terminated or not renewed due tocorruption-related violations as this informationis considered confidential OR we are legallyprohibited from disclosing this information.

GRI 206: Anti-competitive Behavior 2016
3-3

Management of material
topicsStakeholder Engagement (p. 8); Responsible Business (p. 29-34); Codeof Business Conduct and Ethics

206-1

Legal actions for anticompetitive behavior, antitrust and monopoly practices

Responsible Business (p. 29-34); Appendix B: SASB Alignment

Reason for Omission: Not applicable
We have not incurred any legal actions for anticompetitive behavior, anti-trust or monopoly
practices during the reporting period.

GRI 302: Energy 2016
3-3

Management of material
topicsStakeholder Engagement (p. 8); Environmental Responsibility (p. 1011); Responsible Business (p. 29-34)

302-1

Energy consumption within
the organization

Environmental Responsibility (p. 10-11); Appendix B: SASB Alignment;
Appendix C: ESG Metrics

302-3

Energy intensity

Environmental Responsibility (p. 10-11); Appendix C: ESG Metrics

38

2023 SUSTAINABILITY REPORT

Reason for Omission: Not applicable
Amphenol does not sell heating, cooling or steam.

AMPHENOL CORPORATION

Disclosure
Number

Disclosure Title

Location

Omissions

GRI 303: Water and Effluents 2018
3-3

Management of material
topicsStakeholder Engagement (p. 8); Environmental Responsibility (p. 12);
Responsible Business (p. 29-34)

303-1

Interactions with water as ashared resource

Supplier Code of Conduct (p. 8); CDP 2023 Water Security
Questionnaire (p. 19-22); Environmental Responsibility (p. 12)
We track water consumption sources across our manufacturing
operations. The vast majority of our operations receive water frompublic distribution systems. Amphenol’s manufacturing operations
typically do not rely heavily on water. However, our plating facilities
and other sites utilizing water for non-contact cooling processes standout as the most water-intensive processes within our operations. At
our other sites, water is used in the canteens and dormitories, forlandscaping and irrigation purposes and for general cleaning practices
in manufacturing operations.
We have set water targets aligned with UN SDG 6.4 (Water andSanitation for All) for our top 20 water-consuming facilities. By theend of 2030, Amphenol will reduce total water withdrawal of our
top 20 facilities by 15% compared to 2021 levels. These 20 sites
represent approximately 65% of our company’s water usage.
Our facilities assess water-related matters such as risk factors andlocal regulations. Risk mitigation efforts are based on internal water
management practices. Facilities in water stressed areas, regardlessof their actual water consumption, may undertake water reduction
activities at their local discretion.

303-2

303-3

303-4

Management of water
discharge-related impacts

Amphenol assesses bodies of water for discharge standards on acase-by-case basis depending on various factors including local permit
requirements.

Reason for Omission: Not applicable

Water withdrawal

Environmental Responsibility (p. 12); Appendix C: ESG Metrics;
Appendix D: TCFD (p. 51)

Reason for Omission: Information not available

Appendix C: ESG Metrics; Appendix D: TCFD (p. 51)

Reason for Omission: Information not available

Water discharge

We do not have internal standards for the qualityof discharged water or any internally developed
water quality standards or guidelines. We do notuse sector-specific standards for discharge quality
requirements. We strive to ensure facilities thatare subject to local discharge requirements meet
all regulatory requirements.

Amphenol does not currently track water
withdrawal from groundwater, seawater, produced
water or third-party water. We may track thisinformation at a future date.

Amphenol does not currently track data on
different types of water discharge and we do nothave policies on priority substances of concern.
We are considering tracking these metrics in the
future.
303-5

Water consumption

Appendix C: ESG Metrics; Appendix D: TCFD (p. 51)
Water storage has not been identified as a significant
water-related impact for Amphenol. A small minority of our global
facilities have on-site fire suppression water towers, and our plating
facilities also require stored water for operations. However, this is notpracticed on a large enough scale to be considered a material waterrelated impact.

GRI 305: Emissions 2016
3-3

Management of material
topicsStakeholder Engagement (p. 8); Environmental Responsibility (p. 1011); Responsible Business (p. 29-34)

305-1

Direct (Scope 1) GHG
emissions

Environmental Responsibility (p. 10-11); Appendix C: ESG Metrics

Energy indirect (Scope 2)
GHG emissions

Environmental Responsibility (p. 10-11); Appendix C: ESG Metrics

305-2

AMPHENOL CORPORATION

Reason for Omission: Not applicable
Amphenol does not account for biogenic
emissions as they are not a material source ofCO₂e emissions in our operations.

2023 SUSTAINABILITY REPORT

39

Disclosure
Number

Disclosure Title

Location

Omissions

Other indirect (Scope 3) GHG
emissions

Environmental Responsibility (p. 10-11); Appendix C: ESG Metrics

Reason for Omission: Not applicable

Amphenol calculated our Scope 3 GHG inventory for the first time in
2021. We have revised this calculation in 2023 due to categorization
requirements.

Amphenol does not account for biogenic
emissions as they are not a material source ofCO₂e emissions in our operations.

GHG emissions intensity

Environmental Responsibility (p. 10-11); Appendix C: ESG Metrics

GRI 305: Emissions 2016 (continued)
305-3

305-4

GRI 306: Waste 2020
3-3

Management of material
topicsStakeholder Engagement (p. 8); Environmental Responsibility (p. 13);
Responsible Business (p. 29-34)

306-1

Waste generation andsignificant waste-related
impacts

Environmental Responsibility (p. 13); Appendix B: SASB Alignment;
Appendix C: ESG Metrics

306-2

Management of significant
waste-related impacts

Environmental Responsibility (p. 13); Appendix B: SASB Alignment;
Appendix C: ESG Metrics
Waste management processes are monitored on an individual
basis at the facility level, and waste data is collected using volume
estimates or actual invoices, waste manifests and bills of lading. Thisdata is compiled at a corporate level by way of annual ESG reporting.
Waste is handled in accordance with applicable local and regional
regulations. Certain operations including plating may have wastewater
treatments on-site. Other locations do not and conduct waste
management processes through third-party vendors.

306-3

Waste generated

Environmental Responsibility (p. 13); Appendix B: SASB Alignment;
Appendix C: ESG Metrics

306-4

Waste diverted from disposal

Environmental Responsibility (p. 13); Appendix C: ESG Metrics
Waste management processes are monitored on an individual
basis at the facility level, and waste data is collected using volume
estimates or actual invoices, waste manifests and bills of lading. Thisdata is compiled at a corporate level by way of annual ESG reporting.
Waste is handled in accordance with applicable local and regional
regulations. Certain operations including plating may have wastewater
treatments on-site. Other locations do not and conduct waste
management processes through third-party vendors.

306-5

Waste directed to disposal

Environmental Responsibility (p. 13); Appendix C: ESG Metrics
Waste management processes are monitored on an individual
basis at the facility level, and waste data is collected using volume
estimates or actual invoices, waste manifests and bills of lading. Thisdata is compiled at a corporate level by way of annual ESG reporting.
Waste is handled in accordance with applicable local and regional
regulations. Certain operations including plating may have wastewater
treatments on-site. Other locations do not and conduct waste
management processes through third-party vendors.

GRI 403: Occupational Health and Safety 2018
3-3

Management of material
topicsStakeholder Engagement (p. 8); Our Team (p. 24-26); Responsible
Business (p. 29-34)

403-1

Occupational health andsafety management system

Our Team (p. 24); Appendix C: ESG Metrics

403-2

Hazard identification, risk
assessment and incident
investigation

Our Team (p. 24)

403-3

Occupational health services

Our Team (p. 26)

40

Amphenol does not have a singular occupational health and safety
management system. It is up to the discretion of management at thefacility level whether an occupational health and safety management
system should be implemented at the site. Forty-one of our reporting
facilities are ISO 45001 certified. Our offices and related facilities arecovered under our safety policies, however these facilities may notneed specialized health and safety policies.

2023 SUSTAINABILITY REPORTAMPHENOL CORPORATION

Disclosure
Number

Disclosure Title

Location

Omissions

GRI 403: Occupational Health and Safety 2018 (continued)
403-4

Worker participation,
consultation andcommunication on
occupational health and safety

Our Team (p. 24)

403-5

Worker training on
occupational health and safety

Our Sustainability Approach and Progress (p. 6); Our Team (p. 24-25);
Appendix C: ESG Metrics

403-6

Promotion of worker health

Our Team (p. 26)

403-7

Prevention and mitigation ofoccupational health andsafety impacts directly linked
by business relationshipSupplier Responsible Labor Policy; Supplier Code of Conduct;
Responsible Minerals Policy

403-9Work-related injuries

Our Team (p. 24); Appendix C: ESG Metrics
We offer our employees virtual training on how to report safetyissues as well as training on safety best practices. Through oursafety incident reporting process and examining trends in workers
compensation claims, we have identified lack of machine guarding,lack of equipment pre-starts and repetitive motion tasks as the main
root-level causes of serious workplace injuries in our manufacturing
facilities. To prevent serious workplace injuries, we have held
corporate webinars on machine guarding and job hazard analysis
processes to educate employees and enhance awareness aroundworkplace safety practices. We also created content on our intranetsite to further engage with our employees on various safety topics.

GRI 404: Training and Education 2016
3-3

Management of material
topicsStakeholder Engagement (p. 8); Our Team (p. 25); Responsible Business(p. 29-34)

404-1

Average hours of training peryear per employee

Our Team (p. 25); Appendix C: ESG Metrics

Reason for Omission: Information not available
Amphenol does not currently collect data on
employees by category. We therefore do nothave the available information to report on thisdisclosure.

404-2

Programs for upgrading
employee skills and transition
assistance programs

Our Team (p. 25)
Employee transition assistance plans for employees are managed ona case-by-case basis. Human resources teams within each businessgroup manage employee transition assistance plans.

GRI 405: Diversity and Equal Opportunity 2016
3-3

Management of material
topicsStakeholder Engagement (p. 8); Our Team (p. 28); Responsible
Business (p. 29-34)

405-1

Diversity of governancebodies and employees

About Amphenol (p. 5); Our Team (p. 28); Responsible Business (p. 30)

Reason for Omission: Information partially notavailable
Amphenol does not currently collect data on
employees by level or function.

GRI 409: Forced or Compulsory Labor 2016
3-3

Management of material
topicsStakeholder Engagement (p. 8); Supply Chain (p. 21-22); Responsible
Business (p. 29-34); Code of Business Conduct and Ethics; Supplier
Code of Conduct; Global Human Rights Policy Supplier; Supplier
Responsible Labor Policy

409-1

Operations and suppliers at
significant risk for incidents offorced of compulsory labor.

Supply Chain (p. 20-22)

GRI 415: Public Policy 2016
3-3

Management of material
topicsStakeholder Engagement (p. 8); Responsible Business (p. 34);
Appendix C: ESG Metrics (p. 45); Political Activity Statement

415-1

Political contributions

Responsible Business (p. 34); Appendix C: ESG Metrics; Political
Activity Statement

AMPHENOL CORPORATION

2023 SUSTAINABILITY REPORT

41

Appendix B
SASB Alignment

We have utilized the SASB standard specific to our primary industry as identified in the Sustainable Industry Classification
System® (SICS®): Resource Transformation Sector – Electrical & Electronic Equipment Sustainability Accounting Standard(December 2023). Included in our table are topics we have identified as material and we are currently able to report on.
SASB Code

Accounting Metric

Units

2021

2022

2023

(1) Total energy consumed

gigajoule

3,250,678

3,419,433

3,347,168(2) Percentage grid electricity

%

79%

78%

79%

(3) Percentage renewable

%

0%

6%

1%

Energy Management

RT-EE-130a.1

Discussion of accounting for energy management:
1.1 The scope of energy consumption includes energy from all sources, including energy purchased from sources external toAmphenol and energy produced by Amphenol itself (self-generated).
1.2 The scope of energy consumption includes only energy directly consumed by Amphenol during the identified reporting periods.
2.1 The percentage has been calculated as purchased grid electricity consumption divided by total energy consumption.
3.1 Renewable energy is defined as energy from sources that are replenished at a rate greater than or equal to their rate ofdepletion, such as geothermal, wind, solar, hydro and biomass. Based on our facility calculations, we estimate our percent ofpurchased renewables were 13%, 22% and 19% in 2021, 2022 and 2023, respectively, as noted in Appendix C.
3.2 The percentage renewable has been calculated as renewable energy consumption (EACs only) divided by total energy
consumption.
3.3 We purchased 54,000 MWh of EACs in 2022, of which 45,924 MWh were consumed in 2022. The balance from 2022
plus additional EACs purchased in 2023, with a combined total of 10,079 MWh, were consumed in 2023.

Hazardous Waste Management(1) Amount of hazardous waste generated
RT-EE-150a.1
RT-EE-150a.2(2) Number and aggregate quantity of reportable spills

metric tons

6,732

6,680

7,096

#

0

0

0

Discussion of accounting for hazardous waste management:
Hazardous wastes are defined per the applicable legal or regulatory frameworks (i.e., U.S. Resources Conservation andRecovery Act (RCRA) or the EU Waste Framework Directive (Directive 2008/98/EC on waste, including its subsequent
amendments)) within the jurisdictions in which Amphenol operates. Reportable spills are defined by Amphenol as those that
incur costs of $50,000 or greater.

Product Lifecycle Management
RT-EE-410a.2

Percentage of eligible products, by revenue, that meet ENERGY STAR® criteria:
The majority of our products are used within other systems and do not consume energy. Therefore, the ENERGYSTAR® criteria is not applicable for our products.

Materials Sourcing

RT-EE-440a.1

Discussion of the management of risks associated with the use of:(1) Critical Minerals(2) Conflict Minerals
A discussion of Amphenol's policies and practices for the management of risks associated with the use of critical materials
and conflict minerals can be found in our Responsible Minerals Policy and Conflict Minerals Report.

Business Ethics

RT-EE-510a.1

Description of policies and practices for prevention of:(1) Corruption and Bribery(2) Anti-Competitive Behavior
A discussion of Amphenol's policies and practices for the prevention of corruption and bribery can be found in this report,
page 33, and in our 2023 10-K SEC filing, Item 1A, Risk Factors, Risks related to our global operations, pages 15-16. Amphenol's position on corruption, bribery and anti-competitive behavior can also be found within our Code of Business Conduct
and Ethics.

RT-EE-510a.2

Total amount of monetary losses as a result of legal
proceedings associated with bribery or corruption

USD

0

0

0

RT-EE-510a.3

Total amount of monetary losses as a result oflegal proceedings associated with anti-competitive
behavior regulations

USD

0

0

0

42

2023 SUSTAINABILITY REPORTAMPHENOL CORPORATION

Appendix C
ESG Metrics

Units

2021

2022

2023

number

226

240

261

Fuel from non-renewable sources

MWh170,619

186,131

173,632

Production of renewable energy

MWh

3,185

3,928

4,558

MWh

273

604

3,075

Manufacturing facilities in scope1

Environmental Data
Energy Consumption

Renewable electricity produced/consumed on-site
Renewable heat produced/consumed on-site

MWh

2,912

3,325

1,482

MWh

710,248736,284735,593MWh615,527

573,150

593,193

Renewable purchased electricity

MWh94,722

163,134

142,401

Renewable fuel consumption

MWh

-

806.5

758.4

MWh

18,91323,50017,468

MWh

0

0

0

Purchased electricity
Non-renewable purchased electricity

Purchased heat/steam

2

Cooling consumption
Total energy consumed
Energy intensity
Total renewable energy used
Percent renewable energy used (SDG 6)

MWh902,966

949,842929,769

MWh/$M revenue

83.0

75.2

74.1

MWh

97,907167,062

150,583

%

13%

22%

19%

MWh

6,104

5,386

6,451

metric tons CO2e40,175

46,111

41,395

Location-based5

metric tons CO2e357,553

367,361364,258

Market-based6

metric tons CO2e372,376

323,561

347,761

Outside of scope - from biofuel

metric tons CO2e

-

216

235

Total (Scope 1 and Location-based Scope 2)

metric tons CO2e397,728

413,472

405,653

Greenhouse gas emissions intensity(Scope 1 and Location-based Scope 2)

metric tons CO2e/$M revenue

36.6

32.8

32.3

Total (Scope 1 and Market-based Scope 2)

metric tons CO2e412,551

369,672

389,156

Greenhouse gas emissions intensity(Scope 1 and Market-based Scope 2)

metric tons CO2e/$M revenue

37.9

29.3

31.0

Indirect (Scope 3)7,8

metric tons CO2e

181,241

5,986,191

3,204,553

Category 1

metric tons CO2e-5,468,886

2,875,711

Category 2

metric tons CO2e27,71030,47078,021

Production of renewable for saleGreenhouse Gas Emissions 3
Direct (Scope 1)4
Indirect (Scope 2)

Category 3

metric tons CO2e

129,480

133,799

98,779Category 5

metric tons CO2e20,39420,757

5,042

Category 6

metric tons CO2e-

33,911

43,250Category 7

metric tons CO2e-12,31961,006

Categories 4 & 9

metric tons CO2e-

286,048

42,744

number0

0

1

Environmental Incidents and Violations
Incidents or violations $50,000 or greater

AMPHENOL CORPORATION

2023 SUSTAINABILITY REPORT

43

Environmental Data (continued)

Units

2021

2022

2023

Groundwater intake

megaliters

356

301

264

Water distribution system supply

megaliters

3,267

3,459

3,231

Water Management9

Fresh surface water intake

megaliters

22

8

66

Total withdrawal

megaliters

3,644

3,768

3,561

Total discharged

megaliters

3,082

3,230

3,050

Net water consumption

megaliters

563

538

511

megaliters/$M revenue

0.34

0.30

0.28

metric tons

43,03250,74452,190Total waste diverted from disposal

metric tons

27,73332,12836,966

Total waste directed to disposal

metric tons

15,29918,616

15,224

Total non-hazardous waste

metric tons

36,30944,06445,094

Total hazardous waste

metric tons

6,732

6,680

7,096

metric tons

23,22227, 872

32,567

Non-hazardous waste reused

metric tons

742

2,125

3,593

Non-hazardous waste recycled

metric tons

19,48022,71324,047

Non-hazardous waste otherwise recovered

metric tons

2,999

3,034

4,926

Total non-hazardous waste directed to disposal

metric tons

13,07816,192

12,528Non-hazardous waste incinerated with energy recovery

metric tons

3,297

5,047

3,837

Non-hazardous waste incinerated without energy recovery

metric tons

1,347

591

731

Non-hazardous waste landfilled off-site or permanent
on-site holding

metric tons

6,762

7,983

7,241

Water intensity
Waste Management
Total waste generated

Total non-hazardous diverted from disposal

Non-hazardous waste otherwise disposed

metric tons

1,672

2,572

718

Total hazardous waste diverted from disposal

metric tons

4,511

4,256

4,400

Hazardous waste reused

metric tons

86

52

66

Hazardous waste recycled

metric tons

2,815

2,400

2,363

Hazardous waste otherwise recovered

metric tons

1,610

1,805

1,971

Total hazardous waste directed to disposal

metric tons

2,221

2,423

2,696

Hazardous waste incinerated with energy recovery

metric tons

290

251

414

Hazardous waste incinerated without energy recovery

metric tons

621

542

587

Hazardous waste landfilled off-site or permanent on-site holding

metric tons

230

240

276

Hazardous waste otherwise disposed

metric tons

1,079

1,391

1,419

Amphenol employees

number

65,16270,64570,916

Contract employees

number20,20820,243

18,962

number

218

364

485

%

99%

99%

99%

Social Data
Employees in Scope10
11Interns
Full-time employees
Part-time employees

%

1%

1%

1%

Amphenol employees total hours worked

hours

159,162,591

167,166,259

166,305,424

Contract employees total hours worked

hours

55,733,441

57,066,156

53,504,818

hours

1,825,061

2,027,545

1,173,475

Training

12

Total hours

44

2023 SUSTAINABILITY REPORTAMPHENOL CORPORATION

Social Data (continued)

Units

2021

2022

2023

Amphenol employees

number

295

305

327

Contract employees

number17

56

34

Amphenol employees

Injuries per 200,000
hours worked

0.37

0.36

0.39

Contract employees

Injuries per 200,000
hours worked

0.06

0.20

0.13

Amphenol employees

number0

0

0

Contract employees

number000number

199

229

252

number

90,00091,00095,000Percentage of female employees worldwide

%

48%

49%

48%

Percentage of women in core management

%

28%

27%

26%

$ in millions

10,876

12,623

12,555

Facilities with ISO 14001 management systems

number

112

121

129

Facilities with ISO 45001 management systems

number

28

31

41

$

0

0

0

Injuries and Safety Incidents
Total lost-time injuries13

Total lost-time injury rate14

Work-related fatalities

Facilities with safety committees

Governance Data
Employees10
Total employees worldwide at year-end, approximate

Revenue
Total
Environmental Health and Safety Management

Political Contributions
Total spent on contributions to political campaigns, politicalorganizations or lobbying

Notes:A.

Years for which no data were collected are represented by a ‘ – ‘.

B.

‘Workers’ implies Amphenol, contractor and intern employees.

C.

All periods noted are for their respective calendar year.

D.

Amphenol defines its organizational boundary for GHG emissions accounting using the operational control approach, as defined by the GHG Protocol. Under
the operational control approach, Amphenol accounts for all GHG emissions from the operations over which it has operational control. The gases included are
CO2, CH4, N2O and certain refrigerants, which are all reported as CO2 equivalents.

E.

Non-manufacturing leased assets had previously been included in Scope 3 Category 8 for the reporting year 2021 and 2022. In 2023 we updated our
accounting of non-manufacturing leased assets in Scope 1 and Scope 2. A restatement of the energy consumption and GHG emissions for 2021 and 2022
using the current boundary approach is included in Appendix C.

F.

Amphenol collects ESG-related data metrics from facilities in scope through our internet-based platform, the Sustainable Development Reporting System(SDRS). Data is entered into the system by local environmental, health and safety, sustainability and other employees. Energy and air emissions are verified byoperating unit financial controllers or their designees and compiled for the sustainability report by our corporate team. Each year, we evaluate whether new
data metrics need to be captured to enhance reporting and adjust our platform accordingly.

AMPHENOL CORPORATION

2023 SUSTAINABILITY REPORT

45

Footnotes:
1.

Amphenol had approximately 280 manufacturing facilities at the end of 2023. For the data collected in this report, our in-scope manufacturing facilities were261. For each calendar year, our reporting does not include sustainability data from manufacturing facilities acquired or newly opened after June 30th of thatyear. Full-year sustainability data for those new in-scope facilities is reported in the year after they joined Amphenol.

2.

Includes 2,167, 3,568 and 3,625 MWh of renewable purchased heat/steam for 2021, 2022 and 2023, respectively.

3.

Metric tons CO2 equivalence were calculated using methodology as outlined by the World Resource Institute Greenhouse Gas Protocol. Some of the emission
factors for Scope 3 are only available as CO2 emissions, but are presented as CO2e.

4.

Scope 1 emission factor sources include: DEFRA 2023 - UK Government greenhouse gas conversion factors for company reporting, and IEA Emissions Factors
2023.

5.

Scope 2 location-based emission factor sources include purchased electricity emission factors from the EPA eGrid2021, IEA Emission Factors 2023, as well as
emission factors for heat, steam and cooling from utility suppliers or DEFRA 2023.

6.

Scope 2 market-based emission factor sources include purchased electricity emission factors from utility suppliers, Green-e Residual Mix 2022, theAssociations of Issuing Bodies (AIB) 2022, IEA Emission Factors 2023, as well as emission factors for heat, steam and cooling from utility suppliers or DEFRA
2023.

7.

For Scope 3 Categories 1, 2 ,4 and 9, spending across each category was tracked using Benchmark / Gensuite software. Amphenol utilizes a spend-based
method given the availability of verified dataset from each operating unit. For spending within the United States, the EPA Supply Chain Greenhouse Gas
Emission Factors v1.2 were mapped to spending categories using six-digit NAICS codes. For spending in other countries, we used the country-specific, spendbased emission factors from EXIOBASE, again mapping them to spending categories with six-digit NAICS codes. To ensure continued accuracy, the emission
factors were adjusted for inflation using the commodity index data specific to each country. Amphenol will consider alternatives to spend-based calculations for
future reporting.

8.

Categories 8, 10, 14 and 15 have been assessed and found to be not relevant. Categories 11 and 12 have not yet been assessed. Scope 3 Category 13 has been
calculated but found to be not relevant.

9.

Water withdrawal, discharge and consumption data, apart from groundwater and surface water data, was collected at in-scope facilities primarily using monthlyor quarterly water bill values.

10.

In-scope employee and non-employee worker data was compiled at year end and calculated by averaging the 12 end-of-month headcount numbers.
Governance employee data is based on year-end headcount. The vast majority (95% or more) of our employees work full-time in all regions. Our employees byregion are shown on page 5 of this report.

11.

Our most common type of contract worker is temporary employees. Temporary workers at Amphenol most commonly perform manufacturing labor duties.

12.

In 2023, training hours were approximately 12 hours per employee or worker.

13.

A lost-time injury is defined as a work-related injury that results in lost-time beyond the date of injury. Our most common type of recorded work-related losttime injuries are in a category that includes sprains, strains and fractures.

14.

Our work-related injury calculations are based on OSHA incident rate calculations using 200,000 hours as an estimate for 100 employees working 40 hours aweek, 50 weeks per year.

462023 SUSTAINABILITY REPORTAMPHENOL CORPORATION

Appendix D
TCFD Disclosure
Governance
Disclose the organization’s governance around climate-related risks and opportunities.
a) Describe the Board’s oversight ofclimate-related risks and opportunities.

Our Board of Directors, including through its various committees, oversees climate-related risks aspart of its broader risk management responsibilities. The Board’s risk management oversight takes
place throughout the year at each regularly scheduled meeting of the Board and its committees.
The responsibilities of the Audit Committee expressly include assisting the Board in fulfilling its
oversight responsibility for the “Environmental” portion of ESG, which shall include periodic reviewof the Company’s climate-change related strategies, policies, disclosures, goals, performance andmeasurement, including with respect to greenhouse gas (GHG) emissions, energy and water usage
and any other relevant subjects as determined by the Company, and to monitor the effectiveness ofCompany systems necessary to ensure compliance with applicable legislation, regulatory requirements,
industry standards and Company policies, programs and practices relevant to climate-change related
matters. Certain members of the Company’s executive management provide regular updates to theBoard and appropriate committees on the Company’s ESG risks, opportunities, priorities, initiatives
and progress towards goals, including with respect to climate-related risks and opportunities.

b) Describe management’s role inassessing and managing climaterelated risks and opportunities.

Executive management is responsible for assessing and managing climate-related risks andopportunities. In particular, the Company’s Vice President of Environmental, Health, Safety andSustainability is tasked with managing our company-wide sustainability efforts and keeps executive
management apprised of potential climate-related initiatives and opportunities. In addition, ourSustainability Steering Committee includes cross-functional and cross-organizational representatives
who meet formally on an as-needed basis, and typically at least once a year. This committee evaluatescompany-wide sustainability data, recommends appropriate goals to our executive management andcoordinates sustainability activities across the Company. The Company’s Chief Executive Officer; Chief
Financial Officer; Senior Vice President, Human Resources; and Vice President, Investor Relations, also
provide valuable input identified through engagement with shareholders, the investment community andother important stakeholders.
Additionally, executive management identifies and evaluates ESG risks (including climate-related risks
in alignment with TCFD) based on their potential financial materiality, the probability and magnitude of
the risk and the risk mitigation measures adopted by the Company. Executive management assesses
a variety of GHG emissions reduction opportunities that (1) align with the Company’s overall businessstrategy and business model and (2) support the Company’s climate-related priorities and goals.

Strategy
Disclose the actual and potential impacts of climate-related risks and opportunities on the organization’s businesses, strategy and financial planning.
a) Describe the climate-related risks
and opportunities the organization has
identified over the short, medium andlong term.

AMPHENOL CORPORATION

Amphenol evaluates its risks and opportunities with respect to business strategy on three separate
time scales: Short-Term (1 to 3 years), Medium-Term (3 to 7 years) and Long-Term (7 to 15 years). The
Company also recognizes the longer-term time horizons that extend decades into the future with respect
to climate change as an input to defining risks and opportunities. While current climate models predictsignificant and varied impacts from climate change on a global scale, given the geographically dispersed
nature of Amphenol's assets it is unlikely our direct operations will be materially impacted over theassessed time horizons. More specifically, as of December 31, 2023, Amphenol operated approximately
280 manufacturing facilities across approximately 40 countries, with no single operation representing
a material portion of the Company’s overall production. Amphenol has implemented a more focused
climate-related risk assessment that is aligned with the TCFD recommendations and will consider both
upstream and downstream climate-related impacts. Potential climate-related risks and opportunities
to our direct operations that have been identified as part of our assessment are categorized per the TCFD
guidance below.

2023 SUSTAINABILITY REPORT

47

Strategy (continued)a) Describe the climate-related risks
and opportunities the organization has
identified over the short, medium andlong term. (continued)

PHYSICAL RISKSThe Company identifies climate-related physical risks as either acute or chronic. Acute risks arise from
more frequent and severe extreme weather events such as floods, hurricanes or wildfires, and chronicrisks are those risks that arise from the cumulative impacts of increasing temperatures, such as changing
precipitation patterns and rising sea levels. These risks were assessed in alignment with an assumed
increase in the global mean surface temperature of approximately 2°C by the end of the 21st century.
Applicability to Our Business: Physical risks, both acute and chronic, could damage our facilities,
equipment and other assets; increase expenses and hamper our ability to deliver for our customers;cause potential impacts to our labor force; and affect our production capacity and that of our customers
and suppliers. In an effort to mitigate physical risks due to climate change, we have committed to
Sustainable Development Goal (SDG) 11.5 to provide that our highest valued facilities incorporate theimpact of risks due to climate change in their local business continuity plans. We are in the process of
including impact evaluations in our business continuity protocols and including mitigating measures asappropriate. Our evaluation determined that flooding, extreme heat, water quality, tropical cyclones(hurricanes) and water scarcity may pose risks such as damage to assets and reduced reliability of
power supply and may impact the health and safety of the workforce. Our commitment to SDG
16.2 further mitigates these risks by delivering enhanced training on health and safety by climaterelated effects. As a result of the physical risk assessment, water quality was identified as the mostsignificant risk with 34 of our top-insured locations located in very high risk regions. This risk could
lead to building and property damage and power outages due to strong winds and flooding. The
possible financial implications associated with this risk could be 25% of our total property damage
and business interruption insurance. Flooding was identified as the next most significant risk, with six
facilities at very high risk. This risk is not financially material as these locations account for only 7%of our total property damage and business interruption insurance. The flood risk exposure for theselocations is expected to reach 25 locations by 2030 and 29 locations by 2050. Our commitment to
SDG 16.2 further mitigates this risk by delivering enhanced training in health and safety by climaterelated effects. Our one business located in a very high-risk region for water scarcity is not material.
Nine locations were identified as high risk for water quality. For the facilities that are at high risk for
multiple conditions (flooding, extreme heat and water scarcity), there are opportunities for mitigationsuch as energy or water reduction initiatives, protection of assets and strong business continuity
protocols. For the businesses that rely on these facilities, each also operates in other locations which
mitigates the risk of business interruption. The climate-related risks identified in this assessment have
not required material capital expenditures or operating expenses. The Company’s capital expendituresassociated with environmental risk and opportunities were approximately $2.8 million in 2023. This
involved building improvements such as photovoltaic installations and investments in energy efficientequipment. We will continue to monitor the potential business impacts of physical climate-related risks
and assess the costs associated with mitigating these risks.
TRANSITION RISKS
Amphenol identifies climate-related transition risks as those driven by the market-based needto transition to a lower-carbon economy, including the development of, and investment in,
new technologies and services that support this lower-carbon transition. This also includes theaccompanying range of legal, regulatory, policy, liability and reputational issues associated with atransition to a lower-carbon economy.
Applicability to Our Business: Transition risks could increase Amphenol’s operating costs resulting fromcompliance with policy-driven responses to climate change, such as those that mandate energy andfuel efficiency, regulate GHG emissions or restrict or mandate specific energy sources. Decreased
availability and increased cost of raw materials due to climate-related factors could also pose a risk
to the Company’s supply chain resilience and business strategies. Given that Amphenol has locations
in regions where GHG emissions trading schemes are emerging or have been implemented, we willcontinue to examine the applicability of these schemes to the business. In addition, Amphenol has
facilities that have committed to net-zero targets which may lead to a variety of cost increases suchas transportation of goods, energy and costs due to more frequent reporting. At the same time, this is
an opportunity for Amphenol to set GHG emissions reduction targets and as such we have committed
to SDG 7.2 and 13.1. The Company has experienced some climate-related customer demands, which
we meet through collaborative activity and continuous improvement. We will continue to evaluate theactual and potential impact of climate-related transition risks.

48

2023 SUSTAINABILITY REPORTAMPHENOL CORPORATION

Strategy (continued)a) Describe the climate-related risks
and opportunities the organization has
identified over the short, medium andlong term. (continued)

OPPORTUNITIES
Amphenol utilizes the TCFD-recommended guidance to evaluate climate-related opportunities. This
includes actions we are taking around climate change mitigation aimed at supporting decarbonization,
as well as climate adaptation strategies that help us increase our resilience to changing conditions.
Applicability to Our Business: The transition to a lower-carbon economy creates enormous growth
opportunities for Amphenol. Through our broad product portfolio, Amphenol is enabling a cleaner, safer
and more sustainable world through our products. Our product solutions help generate renewableenergy, create a smarter and more efficient power grid, enable electric vehicles and related charging
infrastructure and connect people across the globe. Within our own operations, we also have theopportunity to invest in more energy-efficient buildings and equipment to reduce operational costs andto use lower-emission or renewable sources of electricity to help reduce future regulatory transition
risks. Some of our businesses have also transitioned or are in the process of transitioning to electricor hybrid fleet vehicles for Company usage. We also recognize that Amphenol has the opportunity
to support the transition to a lower-carbon economy through our innovative products, and that our
reputation with respect to sustainability is important for our employees, customers, the communities inwhich we operate and other stakeholders.

b) Describe the impact of climaterelated risks and opportunities on theorganization’s businesses, strategy andfinancial planning.

Amphenol has taken measures to integrate climate-related risks and opportunities into its businessstrategy and financial planning. We have developed business continuity protocols and training, as well as
periodic assessments of the exposure of the Company’s physical assets, to help mitigate climate-relatedrisks. Within each of our businesses we seek to reduce the environmental footprint of our products
by reducing their weight, optimizing their energy needs and limiting GHG emissions and waste related
to their manufacturing. We continue to assess the feasibility of reducing our environmental footprint
through partnerships with our suppliers which may include energy reduction targets or increased local
sourcing. In terms of our business strategy and financial planning, we are investing in a multitude of
products that enable a cleaner, safer and more sustainable world, including products that support thegrowth in electric vehicles, decarbonization technologies, sustainable agriculture and clean energy
solutions. While our products are often advanced, highly engineered solutions, they are typically a small
component integrated into a larger system. As a result, our products generally represent only a fractionof the energy consumption and overall GHG emissions of the larger system, yet they play an outsizedrole in enabling end products and systems that contribute to a cleaner planet.

c) Describe the resilience of theorganization’s strategy, taking into
consideration different climate-related
scenarios, including a 2°C or lower
scenario.

Amphenol understands that climate-related physical and transition risks vary by geography, and that themagnitude of these risks also varies as a function of the rate of global warming. Amphenol’s approachto assessing and managing climate-related risks accounts for these different global warming scenarios.
If no steps are taken to reduce GHG emissions then global temperatures are predicted to increase well
above 2°C, and physical climate risks to us will be greater over the long term. Conversely, if the worldtransitions rapidly to a lower-carbon economy and prevents increased warming above 2°C, then physicalrisks to us are expected to decrease, however we will face greater transition risks under this scenario.
Our decentralized business strategy enables us to remain resilient both in our supply chain availability
and in our ability to maintain business continuity. We continue to expand our geographic footprint andmarket diversity which further strengthens our resilience against the risk of financially material concerns
in the context of climate change.

AMPHENOL CORPORATION

2023 SUSTAINABILITY REPORT

49

Managing Climate Change Risk
Disclose how the organization identifies, assesses and manages climate-related risks.
a) Describe the organization’s processes
for identifying and assessing climaterelated risks.

Currently, climate-related risks are reviewed and considered by the Board (including relevant Board
committees) and executive management in the context of their broader risk management responsibilities.
When evaluating the materiality of climate-related risks in relation to other risks, the Board andexecutive management consider (in no order of priority): (1) with respect to both transition and physicalrisks, (a) the financial impact (considering insurance coverage and availability of capital, as applicable) and(b) input from key stakeholders, and (2) with respect to physical risks, the extent of (a) potential damage
and any related repair activities and (b) any disruption to operations and ability to support our customers.
In 2023, Amphenol implemented a more focused, climate-related risk assessment aligned with the TCFD
recommendations for the short-term, medium-term and long-term. With respect to physical risks, weevaluated our operations with the highest potential loss for chronic and acute physical risks in areas
such as water scarcity, water quality, flooding, heat and other extreme weather events such as tropical
cyclones (hurricanes), utilizing global datasets made publicly available by the World Wildlife Fund (WWF)Water Risk Filter and Biodiversity Risk Filter. Each risk was modeled independently, and selected risks
were overlayed to provide additional precision in prioritizing risks. The risk filters were chosen based on
the applicability to the business and the likelihood of occurrence. Amphenol identified the impact of eachof these risks for our top insured locations, and determined the financial implications such as potential
property damage and business interruption, and practical opportunities to reduce exposure. As a resultof this effort, we concluded that while Amphenol has locations in high-risk areas for flooding, water
quality, water scarcity, tropical cyclones (hurricanes) and extreme heat, these risks are not financiallymaterial. Our businesses are equipped to manage these risks at a local level through implementing
business continuity measures, installing solutions to conserve water and committing to energy reduction.
We understand that the risks presently identified may increase in severity and frequency, and we willcontinue to develop a strategic response to navigate these risks as appropriate. Regulatory and market
transition risks were also evaluated using publicly available tools. To date, Amphenol has not beenmaterially impacted by climate-related events. If a climate-related event were to impact a Company
facility, the general manager of such facility would immediately contact executive management tocommunicate the impact of such a climate-related event on the relevant operation. When identifying
and assessing climate-related risks, members of executive management also monitor and report on the
expected financial implications of any regulatory compliance or significant shift in sentiment from key
stakeholders stemming from transition risks.

b) Describe the organization’s processes
for managing climate-related risks.

Amphenol’s resiliency efforts play a key role in managing physical risks. Through business continuity protocols
and training as well as periodic assessments of our physical footprint, we are able to reduce the extent of
our exposure to such risks. In addition, the geographically dispersed nature of our assets helps mitigate
the impact from any single climate-related event or series of climate-related events concentrated in one
geographic region, even if such events were to increase in frequency or severity. Where the measures
discussed above are not adequate to protect our assets, we obtain insurance coverage to offset a portionof the cost of any resulting damage and subsequent repair costs. Where existing resiliency efforts,
geographically dispersed nature of assets and insurance coverage are insufficient to address all existing
physical risks, we continuously evaluate whether additional measures or the expansion of existing measureswould be prudent to further protect our operations. Amphenol has also implemented and explored various
measures to manage transition risks, which include procuring renewable energy for our facilities and making
a number of energy-efficient investments around the world. In 2023, 19% of our purchased electricity
came from renewable sources. We remain committed to our goal set in 2022, SDG 7.2, to increase ouruse of renewable energy to 50% by the end of 2030. Our renewable energy strategy includes partneringwith Enel-X, a leading advanced energy services provider.

c) Describe how processes for
identifying, assessing and managing
climate-related risks are integrated
into the organization’s overall risk
management.

As a result of the 2023 climate-related risk assessment, Amphenol continued to quantify risks at a sitespecific level, and thus enable the operations to locally mitigate the defined risks and increase our overall
resilience. Our goal, SDG 11.5, continues to enable a more defined risk-mitigation effort through the useof business continuity protocols for our most exposed sites. Through our monthly operations reviews, wewill continue to assess chronic physical and transition climate-related risks and opportunities that may
arise in the longer term across our own operations and value chain.

502023 SUSTAINABILITY REPORTAMPHENOL CORPORATION

Metrics and Targets
Disclose the metrics and targets used to assess and manage relevant climate-related risks and opportunities.
a) Disclose the metrics used by theorganization to assess climate-relatedrisks and opportunities in line with its
strategy and risk management process.

In 2023, Amphenol tracked the following metrics relevant to climate-related risks and opportunities:•

Scope 1 GHG emissions;•

Scope 2 (location-based and market-based) GHG emissions;•

Scope 3 GHG emissions (Categories 1, 2, 3, 4, 5, 6, 7 and 9 have been calculated; 8, 10, 14 and 15
have been assessed and found to be not relevant; 11 and 12 have not yet been assessed; 13 hasbeen calculated but found to be not relevant);•

GHG emissions intensity (Scope 1 and 2 combined GHG emissions per unit of revenue);•

Energy consumption, including fuel, heat/cooling or steam, and generated or purchased electricity;•

Energy intensity (MWh per unit of revenue);•

Total waste (non-hazardous and hazardous) and by disposal type (landfill, reused, recycled,
incinerated, energy recovery, other);•Water withdrawal, discharge and consumption; and•Water withdrawal intensity (megaliters per unit of revenue).

b) Disclose Scope 1, Scope 2 and, if
appropriate, Scope 3 greenhouse gas(GHG) emissions and the related risks.

Please refer to Appendix C.

c) Describe the targets used by theorganization to manage climate-relatedrisks and opportunities andperformance against targets.

Amphenol continued to progress on the SDGs as defined in our 2022 Sustainability Report. Our climaterelated goals are based on the United Nations SDGs and they are applicable to the facilities comprising
the sustainability report scope as defined in Appendix C, Footnotes D and E:
1.

By the end of 2030, Amphenol will reduce total water withdrawal of our top 20 facilities by 15%
versus 2021 levels.

2.

By the end of 2030, Amphenol will increase our use of renewable energy to 50% for energy used at
our facilities.

3.

By the end of 2025, Amphenol will provide that our business continuity plans address issues related
to physical risks as per TCFD for our top 20 facilities.

4.

By the end of 2025, Amphenol will conduct a detailed analysis of our cardboard and plastic
packaging use to support future packaging optimization efforts.

5.

By the end of 2025, Amphenol will reduce revenue-normalized Scope 1 and 2 GHG emissions by
15% compared to our 2021 levels.

Footnotes:
1.

Total water withdrawal, total water discharge and net water consumption for our one business located in a very high-risk region for water scarcity is
15,024 m3, 13,521 m3 and 1,502 m3, respectively.

2.

Total water withdrawal, total water discharge and net water consumption for our nine locations that were identified as high-risk location for water quality are
69,614 m3, 60,201 m3 and 9,412 m3, respectively.

AMPHENOL CORPORATION

2023 SUSTAINABILITY REPORT

51

Appendix E

Tier 1 Direct Supplier Geographies
Amphenol defines its Tier 1 Direct suppliers as those who provide raw materials and goods for production and withwhich we have direct transactional business.

Country
Australia

Malta

Austria

MexicoBelgium

MoroccoBrazilNew Zealand

Bulgaria
Cambodia

NorwayPapua New Guinea

CanadaPhilippines

China

PolandCosta Rica

Portugal

Croatia

Romania

Czech Republic

SerbiaDenmark

Singapore

Estonia

Slovakia

Finland

Slovenia

FranceSouth Korea

Germany

Spain

Hong Kong

Sri Lanka

Hungary

SwedenIndia

Switzerland

Indonesia

TaiwanIrelandThailandIsraelThe Netherlands

Italy

TunisiaJapan

TurkeyLatviaLithuania

UkraineUnited Arab Emirates

Luxembourg

United Kingdom

Macedonia

United States of America

Malaysia

52

2023 SUSTAINABILITY REPORT

Vietnam

AMPHENOL CORPORATION

Amphenol Corporation
World Headquarters
358 Hall Avenue
Wallingford, CT 06492(203) 265-8900
www.amphenol.com/sustainability
This report was published in April 2024.