ESGREPORT 2022

Ceragon / Sustainability Report 2022 |TABLE OFCONTENTS

A Message from our CEO

3

Cyber Security

26

About this Report

4

Data Privacy

27

Forward-Looking Statements

5

Value to the Environment

28

Our Company

6

Water Management

29

Who We Are

7

Energy Consumption & Gas Emissions

30

Timeline Journey

8

Waste Treatment & Recycling

31

Our Leadership Team

9

Future Sustainability Plans

33
34

Products, Solutions & Customers

10-11

GovernanceApproach to Sustainability

12-13

Our Board of Directors

35-39

14

Sustainability Management

40

15-17

Risk Management & Audit

41

Human Rights & Labor Relations

18

Corporate ComplianceTraining & Development

19

Compensation Policy

44

Appendix

45

24

GRI Disclosure Index

46

25-27

SASB Disclosure Index

47

About Ceragon Networks

48

Our People
Diversity, Equity & Inclusion

Health & Safety
Community Engagement & Support
Data Security

20-23

42-43

2

Ceragon / Sustainability Report 2022 |A MESSAGEFROM OUR CEO
At Ceragon, we believe that true leadershipextends beyond the realm of technology
and innovation. We understand the profound
impact our actions have on our stakeholders
and the world around us, and that’s why
we have made environmental, social, andgovernance (ESG) responsibility a cornerstoneof our business strategy, integrating it
into the very fabric of our operations. We
have set ambitious goals for reducing ourenvironmental footprint, promoting diversity
and inclusion, and upholding the highest
standards of corporate governance.
We believe that our ESG efforts are not
only good for the environment and society,but also for our business. by investing insustainability, we are creating a more resilientand competitive company for the long term.

A MESSAGE FROM OUR CEOOUR COMPANYAPPROACH TO SUSTAINABILITY

But this is just the beginning. As we embark on
this transformative journey, we actively engage
with stakeholders, listening to their concerns
and incorporating their feedback into ourdecision-making processes. We collaborate
with like-minded organizations, sharing
knowledge and best practices to maximize
our collective impact. and most importantly,
we hold ourselves accountable, measuring
our progress against clearly defined metrics
and continuously striving for improvement.
We are very proud of the progress wehave made in recent years to integrate
ESG considerations into all aspects of ouroperations and are excited to publish our very
first ESG Report.

OUR PEOPLE

This journey is not merely a business
imperative. It’s about leaving a legacy thattranscends financial gain, a legacy that inspires
future generations to embrace responsibility
and strive for a better tomorrow. It’s about
being the change we wish to see in the world,using the power of technology as a force forpositive change.
We recognize that the challenges we faceare complex and multifaceted, and that there
will always be room for progress. But weare confident that by working together, withunwavering dedication and a shared vision, we
can create a more sustainable, equitable, andprosperous future for all.
Sincerely,
Doron Arazi,
CEO, Ceragon Networks

VALUE TO THE ENVIRONMENTGOVERNANCE

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3

Ceragon / Sustainability Report 2022 |ABOUT
THIS REPORTWe are pleased to present Ceragon Networks
Ltd.’s (“We”, “Ceragon” or the “Company”) firstannual Environmental, Social, and Governance(ESG) report, which describes our ESG efforts
and performance for our fiscal year 2022
from January 1, 2022, to December 31, 2022,
and includes all of the Company’s operations
worldwide, unless otherwise noted.
We have also incorporated select examples of
our ESG efforts to date in 2023. Non-financial
information is subject to measurement
uncertainties resulting from limitations
inherent due to the nature and the methods
used for determining such data.

A MESSAGE FROM OUR CEOOUR COMPANYAPPROACH TO SUSTAINABILITY

Some of our disclosures in this report are
based on assumptions due to these inherent
measurement uncertainties. The selectionof different (yet acceptable) measurement
techniques can result in materially different
findings and precision.
Environmental, Social, and Corporate
Governance aspects in Ceragon have been
embedded in our daily business operations
through our policies, procedures and ISO
Certifications (9001, 14001, and 45001,
27001). Our Board of directors, management
and employees have implemented ESG
initiatives in their respective areas of
responsibility.

OUR PEOPLE

VALUE TO THE ENVIRONMENTGOVERNANCE

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4

Ceragon / Sustainability Report 2022 |FORWARD LOOKING
STATEMENTThis report contains statements based on ourcurrent assumptions and expectations about
our future performance, including statements
regarding our ESG goals, commitments,
programs and other business plans, initiatives
and objectives.

exposed to changes in circumstances, andrely on assumptions that are difficult to predict
and are often beyond our control. Therefore,
these potential changes may lead to material
variations from predictions and assessments
found in this report.

These forward-looking statements are basedon information currently available to us and on
management’s beliefs, assumptions, estimates,or projections and are not guarantees of
future events or results.

Additional factors that may impact theseforward-looking statements include, but
not limited to, the factors described in the
Company’s 2022 Annual Report on Form 20-F,
as published on May 1, 2023 and filed with the
US Securities and Exchange Commission(the “2022 Annual Report”)*, especially the Risk
Factors section, as well as other documents

By their nature, these forward-looking
statements involve risks and uncertainties,

A MESSAGE FROM OUR CEOOUR COMPANYAPPROACH TO SUSTAINABILITY

that may be subsequently filed by Ceragon
from time to time with the US Securities andExchange Commission.

* For 2022 Annual Report see theCompany’s 20-F published on
May 1, 2023 on the Edgar.

Ceragon’s public filings are available on the
US Securities and Exchange Commission’s
website at www.sec.gov and may also be
obtained from Ceragon’s website at www.
ceragon.com.
All forward-looking statements are made asof today (unless an earlier date is specified),
and we assume no obligation to updatesuch statements, whether as a result of new
information, future events, or otherwise.

OUR PEOPLE

VALUE TO THE ENVIRONMENTGOVERNANCE

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5

Ceragon / Sustainability Report 2022 |OUR
COMPANYA MESSAGE FROM OUR CEOOUR COMPANYAPPROACH TO SUSTAINABILITYOUR PEOPLE

VALUE TO THE ENVIRONMENTGOVERNANCE

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6

Ceragon / Sustainability Report 2022 |WHO
ARE WE?
Ceragon Networks Ltd. (NASDAQ: CRNT) isa global company with significant subsidiaries
in the USA and India. Ceragon is the global
innovator and leading solutions provider of
5G wireless transport. We help operatorsand other service providers worldwide
increase operational efficiency and enhanceend customers’ quality of experience with
innovative wireless backhaul and fronthaulsolutions.
Ceragon’s unique multicore technology anddisaggregated approach to wireless transport
provides highly reliable, fast to deploy, highcapacity wireless transport for 5G and 4G

A MESSAGE FROM OUR CEOOUR COMPANYAPPROACH TO SUSTAINABILITYOUR PEOPLE

networks with minimal use of spectrum,
power, real estate, and labor resources. It
enables increased productivity, as well as
simple and quick network modernization,
positioning Ceragon as a leading solutions
provider for the 5G era.
We deliver a complete portfolio of turnkey
end-to-end AI-based managed andprofessional services that ensure efficient
network rollout and optimization to achieve
the highest value for our customers. Our
solutions are deployed by more than 600
service providers, as well as more than 1,600
private networks, in more than 130 countries.

VALUE TO THE ENVIRONMENTGOVERNANCE

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7

Ceragon / Sustainability Report 2022 |Ceragon’s first
ESG Report

TIMELINE JOURNEY

Ceragonacquires
Siklu

ComplianceAward by the
Telecom Infra
Project

Ceragon
Listed on
NASDAQ(CRNT)

Achieve FirstISO 14001(Environment)
Certification

Achieve first
ISO 9001(Quality)
Certification

1999

First
Ceragon
Radio

2000

8

CeragonAcquires
NERA
Networks

2002

CeragonNetworks
Founded

LaunchRevolutionary
IP-20 Solution
Line

Achieve FirstISO 45001(Safety)
Certification

2022

Launch First
DisaggregatedWireless
Transport
Solution

Launch new
IP-50
Solution
Line

2023

2021

2011
2013

2019

(Giganet),

1998
1996
A MESSAGE FROM OUR CEOOUR COMPANYAPPROACH TO SUSTAINABILITYOUR PEOPLE

VALUE TO THE ENVIRONMENTGOVERNANCE

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1

Ceragon / Sustainability Report 2022 |OUR
LEADERSHIP TEAM

Doron Arazi

Ronen SteinOz Zimerman

Alon Klomek

Dima Friedman

Michal Goldstein

Chief Executive Officer

Chief Financial Officer

Chief Marketing Officer & EVP Corp Dev

Chief Revenue Officer

Chief Operating Officer

Chief People Officer

Ulik Broida

Hadar Vismunski-Weinberg

Mario Querner

Ram Prakash Tripathi

Carlos Alvarez

Ronen Rotstein

Chief Product Officer

Chief Legal Officer

President, EMEA

President, APAC & India

President, Latin America

President, North America

A MESSAGE FROM OUR CEOOUR COMPANYAPPROACH TO SUSTAINABILITYOUR PEOPLE

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9

Ceragon / Sustainability Report 2022 | 10

PRODUCTS, SOLUTIONS& CUSTOMERSCERAGON’S SERVICES
We offer a variety of comprehensive, turnkey
professional services in order to deliver themost efficient network solutions for ourcustomers during the entire life cycle of theirproject. Whether our customers are planning a
network expansion/upgrade, setting up a new
network, or managing an existing network, ourprofessional services experts will allow themto meet their goals within their budget, while
ensuring the best experience for their endcustomers.

A MESSAGE FROM OUR CEOOUR COMPANYCERAGON’S TECHNOLOGY
Our services include advanced networkand radio planning, site survey, solutions
development, network rollout, maintenance,
wireless transport network audit andoptimization, and training. To enable thedelivery of such turn-key solutions to ourcustomers, in addition to providing rollout services, we have partnered withother third-party providers of technologies
complementary to our own. Our offering
includes technologies such as: Unlicensed
Point-to-Point, Private Networks, licensed/
unlicensed Point-to-Multipoint, IP/MPLS
Internet, SW and/or white boxes and others.
This allows us to better cover our customers’
end-to-end needs and increases the level ofstickiness with these customers.

APPROACH TO SUSTAINABILITY

We are the leading wireless transport specialist
company in terms of unit shipments andglobal distribution of our business, providing
innovative high-capacity wireless connectivity
solutions to global markets across various
industries.

our solutions is our unique multicore chipset,
specifically designed for advanced wirelessbackhaul operations to allow our customers
to continuously increase their operational
efficiency and provide a better quality ofexperience to their end-customers.

Ceragon’s unique wireless transporttechnologies provide a highly reliable, highcapacity wireless backhaul with minimal useof spectrum maximize spectrum efficiency,
power and other resources. It enables
increased productivity, as well as simple andquick network modernization. At the heart ofOUR PEOPLE

VALUE TO THE ENVIRONMENTGOVERNANCE

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Ceragon / Sustainability Report 2022 |CERAGON’S CUSTOMERS
Ceragon has a global portfolio ofcustomers that includes service providers,public safety organizations, government
agencies and utility companies, that use theCompany’s solutions to deliver 5G and 4G
broadband wireless connectivity, missioncritical multimedia services, stabilized
communications, and other applications athigh reliability and speed.
We provide wireless transport solutions andservices that enable cellular operators, otherservice providers and private networks tobuild new networks and evolve networks
towards 4G and 5G services.

A MESSAGE FROM OUR CEOOUR COMPANYHOW OPERATORS CAN HELPCURB GLOBAL WARMINGTELCOS - THE GREEN
SUPERHEROES

Mobile operators carry a big responsibilityon their shoulders. 5G not only provides
the fun and efficiency of a superior digital
experience, but also plays a key role inslowing down global warming. Telcos andthe mobile industry have the “enablement
effect”, facilitating a reduction of greenhousegas (GHG) emissions across industries. At
the same time, operators need to roll out
5G networks quickly while adopting green
standards all along the supply chain to disrupt
the rising energy curve. Wireless backhaul
is taking on an even bigger role in 5G and
can help reduce CO2 emissions significantly.
In addition, Ceragon is reducing energy
consumption (products and services) throughthe use of the latest, most advanced energysaving technologies.

Mobile operators contribute to the“enablement effect” - a multiplier effectthat empowers other industries to reduce
GHG emissions via mobile communications
technology.

APPROACH TO SUSTAINABILITY

The use of 5G - which provides better
connectivity - translates into efficiency andboosts productivity for many industrial andbusiness processes including in our private
spheres.

OUR PEOPLE

VALUE TO THE ENVIRONMENTGOVERNANCE

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Ceragon / Sustainability Report 2022 | 12

APPROACH TOSUSTAINABILITYA MESSAGE FROM OUR CEOOUR COMPANYAPPROACH TO SUSTAINABILITYOUR PEOPLE

VALUE TO THE ENVIRONMENTGOVERNANCE

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Ceragon / Sustainability Report 2022 | 13

APPROACH TOSUSTAINABILITY
Environmental targets and objectives are
sustainability goals that Ceragon aims toaccomplish in the future. Objectives are
general goals and intentions while targets
are specific and measurable outcomes.
Ceragon has set both goals and targets as
specified below

CLEAN ENERGY
Ceragon will work towards reduction ingreenhouse gas (GHG) emissions to set an
effective goal. To advance climate resilience- Ceragon will continue establishing more
efficient waste management and recycling
procedures.

A MESSAGE FROM OUR CEOOUR COMPANYSUSTAINABILITY THROUGHPRODUCT INNOVATIONTHE INTERNATIONAL ORGANIZATIONFOR STANDARDIZATION (ISO) 14001

Ceragon is committed to create sustainable
environmental impact on the world throughminimizing the effects of its own operations.
The Company recognizes that strong
environmental performance is essential to theCompany’s success and continued growth.

The ISO standard is designed to promoteand guide an environmental management
approach which is both effective andcomprehensive. ISO 14001 specifies
the requirements for an environmental
management system that an organization
can use to enhance its environmental
performance. By completing ISO 14001
certification, Ceragon can assure stakeholders
their environmental management systemmeets international industry-specificenvironmental objectives.

Ceragon is working to minimize its
environmental footprint by integrating worldclass environmental management sustainable
parameters into the Company activities
and design, construction, operation anddecommissioning of our facilities.

APPROACH TO SUSTAINABILITYOUR PEOPLE

VALUE TO THE ENVIRONMENTGOVERNANCE

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Ceragon / Sustainability Report 2022 | 14

OUR
PEOPLEA MESSAGE FROM OUR CEOOUR COMPANYAPPROACH TO SUSTAINABILITYOUR PEOPLE

VALUE TO THE ENVIRONMENTGOVERNANCE

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Ceragon / Sustainability Report 2022 | 15

DIVERSITY, EQUITY& INCLUSION

Below are charts outlining the composition of Ceragon’s employees (gender & age):Age groups 2022

POLICIES & COMMUNICATION
Ceragon is committed to maintaining a culture of diversity, equity,and inclusion (DEI). The Company has implemented an internalanti-discrimination policy that applies to all individuals within the
Company, including employees and executives. Our policy strictly
prohibits any form of discriminatory behavior based on factors suchas race, religion, age, social status, family origin, nationality, ethnicity,
gender, sexual orientation, gender identity, as well as physical ormental disabilities.

Employees 2022
100%
90%
80%

Additionally, Ceragon has implemented a set of procedures aimed toprevent sexual harassment at the workplace. As of 2022, there havebeen no reported incidents of harassment or discrimination.

70%
70%

73%

60%

75%

77%

79%

84%
94%

50%
40%
30%
20%
30%

27%

10%
0%

25%

23%

21%

16%
6%

HQ (IL+Rest)

NA

Europe

LATAM

APAC

AfricaFemaleA MESSAGE FROM OUR CEOOUR COMPANYAPPROACH TO SUSTAINABILITYOUR PEOPLE

VALUE TO THE ENVIRONMENTGOVERNANCE

APPENDIX

India
Male

Ceragon / Sustainability Report 2022 | 16

REPORTING PROCESSA “Whistleblower” policy exists for employees’,
officers’, directors’ and consultants’Complaints and is also available forsubcontractors and suppliers. There is areporting channel also in Ceragon’s Portal.
Complaints can be submitted anonymously
or by name to the compliance officer and/or the Chairman of the Corporate Audit
Committee and/or the relevant management
team member and handled accordingly by theCompany.

Employees recruitment 2022

NEW PEOPLE& PEOPLE TURNOVER
The Company’s talent acquisition procedures,
which include hiring people across a wide range ofbackgrounds and age groups, allow the Company
to take on new innovative and diverse ideas whileallowing for additional growth opportunities.
Our Company derives strength from its diversity,
when we acknowledge and champion the uniquestrengths and talents of each individual regardlessof their race, age, religion, gender, sexual
orientation, and disability status.
Employee turnover – 2022
25.0%
22.0%
20.0%
17.0%
15.0%

10.0%

5.0%

5.0%

0.0%

A MESSAGE FROM OUR CEOOUR COMPANYAPPROACH TO SUSTAINABILITY

Overall

OUR PEOPLE

Voluntary

VALUE TO THE ENVIRONMENT

Involuntarty

GOVERNANCE

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Ceragon / Sustainability Report 2022 | 17

FUTURE FOCUSEDAs we move forward with our diversity and inclusion
journey, we strive to follow these steps:

Enhance the adequate
representation of women at alllevels of the organization, fromjunior management to key
positionsA MESSAGE FROM OUR CEOOUR COMPANY

Recruit peopleof diverse age ranges

APPROACH TO SUSTAINABILITYManage unconscious bias
correctly and ensure equal
employment and career
opportunities regardless ofage, nationality, gender, sexual
orientation, or gender identity,
physical or mental disabilities.

OUR PEOPLE

VALUE TO THE ENVIRONMENTGOVERNANCE

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Ceragon / Sustainability Report 2022 | 18

HUMAN RIGHTS& LABOR RELATIONS
Ceragon is dedicated to upholding humanrights and promoting fair labor standards
within its own organization and throughout
its supply chain. Ceragon acknowledges thechallenges and complexities of operating in
global regions where the risks of human rights
violations are elevated. The Company places
the highest priority on respecting humanrights and strictly complies with all applicablelaws and regulations related to this matterworldwide.

A MESSAGE FROM OUR CEOOUR COMPANYAPPROACH TO SUSTAINABILITYOUR PEOPLE

Ceragon does not employ minors andmandates that its subcontractors and suppliers
comply with local labor laws and regulations
as part of their engagement contracts.
There have been no known violations ofhuman rights within the organization, but
Ceragon expects all Company members andsuppliers to remain vigilant.
Ceragon aims to maintain and enhance its
Business Conduct Standards in the future byincorporating a comprehensive ban on forcedlabor and child labor, which will apply to both
the Company and its supply chains.

VALUE TO THE ENVIRONMENTGOVERNANCE

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Ceragon / Sustainability Report 2022 | 19

TRAINING& DEVELOPMENT
Ceragon places great value on its
people as a key resource, and as such,has made significant investments
in improving work environments tomaximize the capabilities of its people
and organization.
The Company is committed tofostering its people’s professional
growth through continuous skillbuilding and development that aligns
with the dynamic changes taking placeacross the business. As evidence of thiscommitment, Ceragon invested above$120,000 in learning and development
initiatives for its people in 2022.

The training programs include the following:

PROFESSIONAL

ORIENTATION

The provision of courses, training sessions,and opportunities to participate inconferences, both domestically and abroad.

At the Israel site, as an integral aspect of theCompany’s new people Onboarding Program,orientation training is provided to newly
hired personnel to familiarize them with theorganization’s operations and processes.
Additionally, preparatory training is offeredto equip them with the requisite skills andknowledge for their designated role. In 2024,
Ceragon plans to expand the Onboarding
Program globally, so that it can be applied toall sites of the company.knowledge for theirdesignated role. In 2024, Ceragon plans to
expand the Onboarding Program globally, sothat it can be applied to all sites of the company.

INTERNAL
Training sessions were conducted for people
covering a wide range of internal complianceareas, including information security, safety
protocols, code of conduct, harassment
policies, general skills (such as Excel andpresentation skills) and other related topics.

We remain committed to fostering a positive organizational culture and climate that nurtures a workforce ofenthusiastic, ambitious, and resilient individuals, capable of undertaking initiatives beyond the organization’s scope.

A MESSAGE FROM OUR CEOOUR COMPANYAPPROACH TO SUSTAINABILITYOUR PEOPLE

VALUE TO THE ENVIRONMENTGOVERNANCE

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Ceragon / Sustainability Report 2022 | 20

HEALTH & SAFETY
At Ceragon, the safety of our people is a corevalue that we hold in the highest regard. Aspart of our EHS Framework, the organization
has an EHS Committee with representatives
from all levels and departments. the committee
aims to ensure people can contribute toprograms implementation at the facility andlead processes to improve people health andsafety and is expected to meet frequently(approximately, eight (8) times a year).

The Company maintains an unwaveringcommitment to ensuring that its standards
are always upheld, with the ultimate
goal of achieving minimum health andsafety workplace accidents of any nature.
It is imperative that every member ofthe organization possess the necessary
knowledge, skills, and understanding of
their responsibility to maintain a safe work
environment for all.

WORKPLACE ACCIDENTS

A MESSAGE FROM OUR CEOOUR COMPANY

2020

2021

2022

Number of workplace accidents of company’s
employees and contractors’ employees

2

3

2

Absence days of the company’s employees
due to workplace accidents

2

2

0

APPROACH TO SUSTAINABILITYOUR PEOPLE

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Ceragon / Sustainability Report 2022 | 21

The Company is fully committed to adhering
to all laws and regulations governing
occupational health and safety. The Company
complies with ISO 45001 occupational healthand safety management system standards.

Conducting annual
examination room forsafety risk assessment

Conducting weekly safety
hazard surveys by safetyengineers (a Gemba Walk)

Conducting periodic
examination andmonitoring of radiationlevels

WORKPLACE SAFETY
To maximize safety in our facilities, we allocate
resources towards capital improvements, offer
tailored safety training to our team members,
and foster a culture where everyone isequipped to identify safety hazards andencouraged to report them promptly.
The identification and management ofpotential risks and hazards at the workplace
are essential to preventing injuries. To ensure
a secure working environment, Ceragon
undertakes various measures, as describe:

A MESSAGE FROM OUR CEOOUR COMPANY

Providing safety training to all people at all of Ceragon’s
facilities. This training covers a range of topics, including
first aid, defibrillator usage, firefighting drills, fire extinguisher
inspections, and emergency preparedness exercises.

The company conducts an open
dialogue with its people regarding theimprovement and upgrading of safetymeasures

APPROACH TO SUSTAINABILITYOUR PEOPLE

Providing personal
protective equipment
to the relevant people

As part of our supplier engagement contracts,
suppliers are obligated to comply with all
relevant local, national, and international
health and safety standards applicable to theworkplace

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Ceragon / Sustainability Report 2022 | 22

PEOPLE’S HEALTH
Ceragon places a strong emphasis on promoting the mental and physical well-being of its
people and aim to provide a comfortable and supportive workplace environment. To achieve
this objective, Ceragon is implementing a range of health promotion activities that include:

Conducting
social events

Facilities work-lifebalance by enablingflexible and hybrid work
locations and hours

Ensuring work environments are hygienic with daily cleanings
and waste removal, touchless taps, and other measures tominimize the risk of contamination

A MESSAGE FROM OUR CEOOUR COMPANYAPPROACH TO SUSTAINABILITYOUR PEOPLE

VALUE TO THE ENVIRONMENT

Providing healthinsurance for
employees

Facilities are maintained
to facilitate fitnessclasses and healthynutrition

GOVERNANCE

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Ceragon / Sustainability Report 2022 | 23

PRODUCT SAFETY
Ensuring quality and safety in products, andeffectively managing associated risks, is a
critical responsibility for management. As partof this commitment, our Company aims tocomply with the applicable laws and regulations
regarding product safety and quality. We arededicated to defining company-wide rules andstandards to enhance the quality and safety ofour products, as describe:

1

The Company’s manufacturers,
subcontractors, and suppliers
are required to adhere tointernational environmental
standards, which include:
ISO14001 Environmental Safety
Requirements;2

3

European safety requirement
standards;
European digital radiation safety
requirement standards;
The Product components areenvironmentally friendly and comply
with Rich and Ross Standards

A MESSAGE FROM OUR CEOOUR COMPANYAPPROACH TO SUSTAINABILITYOUR PEOPLE

4

An engineer on behalf of Ceragon
conducts quarterly evaluations to assess
the quality of work processes among the
manufacturers and suppliers

Ceragon provides a wide range of online
courses and programs on its website
to assist customers in gaining a better
understanding of product usage

Ceragon provides contact support on
its website to assist with any difficulties,
including dealing with safety problems

VALUE TO THE ENVIRONMENTGOVERNANCE

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Ceragon / Sustainability Report 2022 | 24

COMMUNITYENGAGEMENT& SUPPORT
Ceragon believes in protecting what is
important in its communities by extendinga helping hand to individuals and charitableorganizations. As members of thesecommunities, Ceragon understand thesignificance of supporting them in achieving
their goals.
Ceragon places important emphasis oncommunity engagement at the local levelby developing meaningful and sustainable
partnerships with community leaders, nonprofit organizations, and educators. The
Company seeks to gain a comprehensive
understanding of the challenges faced by thecommunities it serves, target its resources andinvestments in areas with the greatest need,and establish effective corporate partnerships.

A MESSAGE FROM OUR CEOOUR COMPANY

Ceragon’s 2022 initiatives include establishinga long-term partnership with ‘ELEM’ NGO,
which specializes in identifying and addressing
the challenges faced by Israeli youth. The
volunteer program will involve individual andgroup activities, such as facility renovation.
Additionally, all volunteer hours will becounted as working hours.
In addition, we strongly believe that engaging
in volunteer activities helps foster a sense ofsocial responsibility and caring among ourpeople. By participating in such activities, ourpeople gain valuable insight into the issues
facing both our customers and society atlarge. This enables our people to develop aheightened social awareness, which in turninspires them to support businesses that are
driven by a desire to address social challenges.

APPROACH TO SUSTAINABILITYOUR PEOPLE

VALUE TO THE ENVIRONMENTGOVERNANCE

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Ceragon / Sustainability Report 2022 | 25

DATA
SECUTITYDATA PROTECTION
Ceragon emphasizes the importance of
safeguarding data and maintaining privacy as
a top priority. It is essential for the Company
to protect the privacy of its customers,
employees, and business partners. In orderto protect the privacy and security ofdata entrusted to the Company, we have
implemented a comprehensive security andprivacy policy, as outlined below:

The Information security at theCompany is in accordance with
ISO27001 standard
Providing secure products,
systems, and services, andcontinuously updating its
computer security system

A MESSAGE FROM OUR CEOOUR COMPANY

Conducting risk identification
protocol once a month.
Ceragon constantly assesses
threats and vulnerabilities
using commercial,government, vendor, andpublicly available information

Annual security awarenesstraining for employees, which
includes phishing campaigns andperiodic emails regarding data
security updates

Performing risk assessments tovulnerabilities and classify thembased on their severity

Conducting regular meetings
with information technology andsecurity employees to address
emerging threats and concerns

APPROACH TO SUSTAINABILITY

Conducting data security briefings
with business partners to minimize
information leaks and protect
customer data. Ceragon provides
guidance on cyber threat risks
and countermeasures to prevent
breaches

Ceragon also has a specialized global
team that handles the investigation,
resolution, and public disclosureof product security vulnerabilities.
They encourage independent
researchers, organizations in theindustry, vendors, customers, andother concerned sources to reportany security issues related to theirproducts or network. Additionally,
individuals or organizations
experiencing product security issues
can request support by filling out aform on the Ceragon website.

Ceragon has several
insurance policies related to
the IT sector

OUR PEOPLE

VALUE TO THE ENVIRONMENTGOVERNANCE

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Ceragon / Sustainability Report 2022 | 26

CYBER
SECUTITY
The constantly evolving global cybersecurity
threats and targeted attacks pose a risk to
Ceragon’s infrastructure, operations, anddata. To mitigate these risks, the Company
has implemented a diverse range of tools andpractices to ensure the security and availabilityof its resources.
To ensure the protection of its informationand data, Ceragon is taking the following
measures:

Implementing several cybersecurity controls

Collaborating with external SOC/
IR to protect its information andfortify its defense against cyberattacks
Conducting a yearly cybersecurity assessment to evaluateorganizational cybersecurity
controls

A MESSAGE FROM OUR CEOOUR COMPANYAPPROACH TO SUSTAINABILITYOUR PEOPLE

VALUE TO THE ENVIRONMENTGOVERNANCE

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Ceragon / Sustainability Report 2022 | 27

DATA
PRIVACYA MESSAGE FROM OUR CEOOUR COMPANY

Ceragon holds a strong commitment torespecting the privacy of individuals who
engage with the company, aiming to protect
and manage personal information in a fair andlawful manner.

Ceragon has established procedures thatoutline how personal data should be gathered,handled, and stored to meet the company’s
data protection standards, comply with legal
requirements, and uphold individual rights.

Despite the fact that collecting and processing
data is not at the center of Ceragon’score business functions, the company
acknowledges the necessity of collecting andprocessing data as part of its operations.

These procedures serve the purpose ofaligning with data protection laws, adopting
best practices, safeguarding the rights of staff,
customers, and other relevant individuals, andfostering transparency regarding Ceragon’scollection, storage, and processing ofindividuals’ data.

APPROACH TO SUSTAINABILITYOUR PEOPLE

VALUE TO THE ENVIRONMENTGOVERNANCE

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VALUE TO THE
ENVIRONMENTA MESSAGE FROM OUR CEOOUR COMPANYAPPROACH TO SUSTAINABILITYOUR PEOPLE

VALUE TO THE ENVIRONMENTGOVERNANCE

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WATER
MANEAGMENT
Sustainable water management means using
water in a way that meets current, ecological,
social, and economic needs withoutcompromising the ability of future generations
to meet those same needs. Ceragon is aiming
to prevent water pollution and maintaining
sustainable water management. As part ofthis commitment, Ceragon is monitoring andreporting its annual HQ water consumption
internally.
As wastewater from production sites may
affect biodiversity in their respective areas
Ceragon will carry out measures (including
training for employees) to prevent leakage into
water systems, the atmosphere, and soil.

A MESSAGE FROM OUR CEOOUR COMPANYAPPROACH TO SUSTAINABILITYOUR PEOPLE

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ENERGY CONSUMPTION& GAS EMISSIONS
Companies must strive to reduce theirenvironmental impact. One of the mostsignificant ways to do this is by reducing
their carbon footprint, and this starts with
monitoring carbon emissions. According
to the leading GHG Protocol Corporate
Standards, a company’s greenhouse gas
emissions are classified into three scopes.
Efforts are being made to make Scope 1 and2 reporting mandatory, whereas scope 3 isvoluntary of the three, it is the most difficult tomonitor.
Scope 1 emissions are direct emissions fromcompany-owned and controlled resources.

A MESSAGE FROM OUR CEOOUR COMPANY

Scope 2 emissions are indirect emissions fromthe generation of purchased energy, froma utility provide. Scope 3 emissions are allindirect emissions - not included in scope 2 that occur in the value chain of the reporting
company, including both upstream anddownstream emissions.
Like so many companies, Ceragon is
working hard to reduce greenhouse gas(GhG) emissions and preparing to report its
progress, by assessing energy use across
our operations- including offices, factories,
warehouses and fleets.
During the 2023, to limit scope 1&2 emissions(as defined above), Ceragon is taking thefollowing measurements:

APPROACH TO SUSTAINABILITY

Confirm the scope, control
approach and boundaries for the
GHG inventory (for scope 1&2)

Scope 1&2 GHG inventory will then be used
as an essential tool for understanding current
emissions and past trends, projecting future
emissions, and identifying cost-effective
mitigation opportunities.

Gather the relevant Informationfrom the Company’s data systems
aligning it with estimation plan,
including data quality checks
Convert all of the Company’s
activity data into GHG emissions
data while consolidating scope
1&2 GHG baseline after which theCompany will produce the Scope
1&2 GHG Inventory data.

OUR PEOPLE

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WASTE MANAGEMENT& RECYCLING
WASTE MANAGEMENT& RECYCLING
Ceragon is committed to managing ourwaste in a responsible manner that minimizes
environmental impacts. Our Environment,
Health and Safety (EHS) and Circular Supply
Chain teams work internally across theCompany and externally with partners andvendors to reduce, reuse and responsibly
recycle materials.

Ceragon is taking measures regarding waste
management as specified:Ceragon is reporting and measuring supply
chain waste indicators throughout the
production.

Reduction in use of plastic material
in the Company’s HQ and limited
use of paper by encouraging use ofdigitized platforms

Ceragon is striving to recycle 100% ofelectronic waste and paper. Regarding
e-waste electronic waste, the Company andits suppliers recycled 4.19 ton in 2022.

A MESSAGE FROM OUR CEOOUR COMPANYElectronic waste data is processedby an external contractor, striving
to achieve 100% recycling ofelectronic waste and paper

Circulating periodic questionnaires
regarding potential ideas to help
reduce the use of plastic materials
in international facilities

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Ceragon / Sustainability Report 2022 | 32

THE COMPANY TAKES THE FOLLOWING FUTURE
MEASUREMENT REGARDING WASTE MANAGEMENT

PACKAGING

Report quantities of electronic
waste, solid and liquid along the
production chain (supply chain)

Select product parts that will beeasy to recycle and will use100%
recycled / renewable materials inpackaging

Report quantities of electronic,
along the supply chain

Quantify the social costs- entailed
in disposal of waste streams (along
the supply chain)

Set up regular on-site checkstargeting contractors/suppliers toensure that outsourced industrial
waste goes through an appropriate
disposal process

Manage product end life
management - entailed whenequipment reaches its usable
lifetime and requires recycling andprocessing.

A MESSAGE FROM OUR CEOOUR COMPANYAPPROACH TO SUSTAINABILITYOUR PEOPLE

In 2023 we will introduce a green packaging
solution for which is a solution that specifies,
among other things: No foams, reduced
nylon bags, no papers, smaller package
and more TCC-U solution package was
implemented, which means that there areno papers (QR code added instead), reduce
nylon bags and more.

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FUTURESUSTAINABILITY PLANS
The Company has future
initiatives regarding
sustainability as detailed:

Establish a relevant GHG policy
Increase environmental awarenessamong all local employees andimplement measures to increase
environmental awareness among
all international employees bycirculating specified questionnaires
Conduct public environmental
campaigns and information
activities on a local andinternational level
Subject to the specified above,
Ceragon will consider setting CO2
emissions reduction targets withthe aim of steadily moving towardachievement of net zero emissions

A MESSAGE FROM OUR CEOOUR COMPANYAPPROACH TO SUSTAINABILITYOUR PEOPLE

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Ceragon / Sustainability Report 2022 | 34

GOVERNANCEA MESSAGE FROM OUR CEOOUR COMPANYAPPROACH TO SUSTAINABILITYOUR PEOPLE

VALUE TO THE ENVIRONMENTGOVERNANCE

APPENDIX

Ceragon / Sustainability Report 2022 | 35

OUR
BOARD OF DIRECTORS
Ceragon is a public company that was
founded in Israel in 1996 and is listed on the
NASDAQ stock exchange since
September 6, 2000.
Our corporate governance structure isdesigned to ensure that all business operations
are conducted with the highest standards of
responsibility, ethics and purpose.
The Board of Directors’ main responsibility is
to oversee and supervise Ceragon’s businessand strategic activities’ which is directed
towards growth, profitability, innovation,
success in future goals, all with a long-term
perspective.

THE BOARDOF DIRECTORSHAS FOURCOMMITTEES

Ilan Rosen
Chairman of the Board of Directors

Compensation
Corporate Audit
Financial Audit
Nomination

Ira Palti

Efrat Makov

Shlomo Liran

Vice Chairman

Director

Director

Rami Hadar

David Ripstein

Yael Shaham

Director

Director

Director

As of 2023, our Board of Directors includes
the Chairman of the Board of Directors, Ilan
Rosen, the Vice Chairman, Ira Palti, and 5
directors, as described

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Ceragon / Sustainability Report 2022 | 36

Mr. Ilan Rosen currently serves as Managing
Director in HarbourVest Partners LLC, a
global private equity firm with more than
700 employees, that manages about $75B
worth of investments in various private equity
strategies around the globe.

Ilan Rosen
Chairman of the Board of Directors
Board Member Since July 2021
Chairman Since July 2023

A MESSAGE FROM OUR CEO

Mr. Rosen has been managing the activity ofHarbourVest in Israel since 2003. Mr. Rosen
additionally serves as a board member of
the “Nazareth District Water and Sewage
municipal authority LTD” since 2019.

all of them high-tech communications
companies (including Tdsoft).
From 1993-1996 he served as the CEO of
Adsha Development Ltd., an Israeli investmentcompany that went public in 1994 on the Tel
Aviv stock exchange.
From 1989-1993 Mr. Rosen worked as a Senior
Investment Manager at the Bank Hapoalim
Investment Company, a private equity
investment firm that was traded on the Tel Aviv
Stock Exchange.

From 1997-2012 Mr. Rosen served as
Chairman of the Board of Tdsoft LTD which
later merged into VocalTec, (VOCL at
NASDAQ).

In the years 1985-1989 he worked as an
economic consultant at A. Twerski Economic
Consulting.

In the years 1996-2003 Mr. Rosen
served as VP of Investments at Teledata
Communications, where he was an active
Chairman of various Teledata Subsidiaries,

Mr. Rosen holds a BSc (cum laude) in
Mechanical Engineering from Tel Aviv
University in 1979 and an MBA from Tel Aviv
University in 1986

OUR COMPANYAPPROACH TO SUSTAINABILITYOUR PEOPLE

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Efrat Makov is currently serving as a director of Allotltd. (NASDAQ: ALLT), iSPAC 1 Ltd. (TASE: ISPC) and B
Communications Ltd. (TASE: BCOM).

Mr. Palti served as Ceragon’s President, CEO
and Director from 2005 until July 2021.
From January 2003 to August 2005, he was
CEO of Seabridge Ltd., a Siemens company
that is a global leader in the area of broadband
services and networks.
Efrat Makov

Ira Palti
Vice Chairman
Since June 2018

Ms. Makov previously served as a director of BioLight
Life Sciences Ltd. (TASE: BOLT), Kamada Ltd.
(NASDAQ: KMDA) and Anchiano Therapeutics Ltd.
(NASDAQ: ANCN).

Director

Prior to joining Seabridge, he was the COO of
VocalTec Communications Ltd., responsible
for sales, marketing, customer support andproduct development.

Since October 2022

Among the positions Mr. Palti held before
joining VocalTec was founder of RoshIntelligent Systems, a company providing
software maintenance and artificial
intelligence diagnostic solutions

Previously, she served as the CFO of Alvarion(formerly NASDAQ; TASE: ALVR), and as the CFO
of Aladdin Knowledge Systems (formerly NASDAQ;
TASE: ALDN).
Formerly, she served as Vice President of Finance
at Check Point Software Technologies (NASDAQ:
CHKP).
Earlier in her career, she spent seven years in public
accounting with Arthur Andersen LLP in its New York,
London and Tel Aviv offices.
Ms. Makov holds a B.A. degree in accounting andeconomics from Tel Aviv University and is a Certified
Public Accountant in Israel and the United States

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Ceragon / Sustainability Report 2022 | 38

Mr. Shlomo Liran joined Ceragon’s Board of Directors
in July 2015, bringing with him over 30 years ofexperience in senior management positions in thetelecommunication industry.

Mr. Rami Hadar serves as a Managing Partner in Claridge
Israel, an Israeli High-Tech Growth Fund, as well as
serving on the board of its portfolio companies: AlgoSec,
Gigaspaces, Cloudify and D-Fend.

Until recently, Mr. Liran served as the Chief Executive
Officer at Hadera Paper.

Prior to joining Claridge Israel, from 2006 to 2014,
Mr. Hadar served as CEO and board member of Allot
Communications [ALLT].

Rami Hadar

Shlomo LiranDirector
Since August 2015

Director

From 2010 to 2013, Mr. Liran served as the Chief
Executive Officer of Avgol Industries 1953 Ltd.

Since July 2021

From 2007 to 2010 Mr. Liran served as the Chief
Executive Officer of Ericsson Israel.

Mr. Hadar continued with DSPC’s executive management
team for two years, and subsequently the company
was acquired by Intel. Thereafter, Mr. Hadar co-founded
Ensemble Communications, a pioneer in the broadband
wireless space and the WiMax standard, where he served
as Executive Vice President, Sales and Marketing.

From 2003 to 2007 Mr. Liran led the Scandinavian
cellular network TRE as Chief Executive Officer in
Sweden and in Denmark.
From 2000 to 2003 he led the satellite televisioncompany YES, and prior to that he led the Strauss
conglomerate from 1996 to 2000.

Following that, Mr. Hadar served as CEO of Native
Networks where he was instrumental in successfully
reshaping the company into a market-driven providerof MPLS based solutions to tier-1 telecoms and inorchestrating the company’s ultimate acquisition by Alcatel.

Mr. Liran holds an engineering degree from theTechnion, a Masters in systems engineering from the
University of Toronto and an AMP-ISMP Diploma inbusiness administration from Harvard

A MESSAGE FROM OUR CEOOUR COMPANYAPPROACH TO SUSTAINABILITY

Early in his career Mr. Hadar co-founded and served as
the CEO of CTP Systems (micro cellular networks) until its
acquisition by DSP Communications (NASDAQ: DSPC).

He spent one year as a venture partner in JVP before joining
Allot. Mr. Hadar holds a B.Sc. in Electrical Engineering fromthe Technion, Israel’s Institute of Technology
OUR PEOPLE

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Ceragon / Sustainability Report 2022 | 39

Ms. Yael Shaham has more than 25 years of experience inmanagement and strategic leadership roles and a wealth ofknowledge from across the technology and business landscape.

Mr. Ripstein has served as our director since
July 2021.
Mr. Ripstein has three decades of experience in senior
management positions in Israel’s telecommunicationsindustry and Israel Defense Force technology andintelligence units.
Yael ShahamDavid Ripstein
Director
Since July 2021

Director

Since 2017, Mr. Ripstein is serving as the President andChief Executive Officer of GreenRoad Technologies
Ltd., a global leader in fleet safety telematics.

Since September 2023

In 2016 Mr. Ripstein served the CEO of Spotoption
Technologies a fintech software provider.
From 2000-2015, Mr. Ripstein served in various
positions in RADCOM, a Nasdaq-traded (RDCM)
provider of service assurance solutions, first for six
years as a General Manger and then for nine years as
its President & Chief Executive Officer.

OUR COMPANYAPPROACH TO SUSTAINABILITY

In addition, Yael serves as a member of the Board of Advisors at
Veego, a contextual intelligence provider of an app identification
technology, where she is involved in the development of ProductStrategy and Go-to-Market initiatives. As General Manager ofthe Enterprise & Learning Division at Kaltura (NASDAQ:KLTR), Ms.
Shaham led multiple go-to-market teams to increase ARR while
playing a key role in successfully guiding the company’s IPO
process. At Amdocs (NASDAQ:DOX),
Ms. Shaham served as the General Manager of the Network
Division, IT & Operations Division, and Revenue Management
Division. Her strategic vision and expertise contributed to revenue
growth, successful M&A integrations, and a quantitative increasein the company’s perceived brand value.

Prior to Radcom, Mr. Ripstein co-founded two
technology startups and served for 10 years as thehead of a large R&D engineering group within the
Israel Defense Forces- Intelligence Unit. Mr. Ripsteinholds a B.Sc. in Electrical Engineering from theTechnion

A MESSAGE FROM OUR CEO

Yael currently serves as a Board Member at Glassbox (TASE:GLBX),
where her responsibilities include the role of Chairwoman ofRemuneration and Audit committees, along with membershipin the Financial Statements committee, helping to shape thecompany’s governance and overall performance.

Ms. Shaham holds an MA in Organizational Sociology (cum laude)and BA in Computer Science and Sociology (summa cum laude),both from Bar Ilan University

OUR PEOPLE

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SUSTAINABILITYMANAGEMENT
Ceragon aims to achieve a sustainable society
where everyone has the chance to reach theirfull potential. Our management approachentails conducting dialogues and co-creation
with many different stakeholders whileadvancing business activities that help address
issues relating to the ESG Pillars.
Moreover, Ceragon acknowledges its
responsibility and opportunity to enhance thesustainability of the environment, the wellbeing of people and to positively influence our
employees, partners and supply chain.
Ceragon aims to continuously improve its
ESG performance, and therefore strives tocomply with the international standards andregulations, as well as ISO standards in thesustainability and environmental management.

In order to achieve that, Ceragon allocates
resources from the Company’s annual budget
to develop and promote ESG issues based on
its work plan.
Ceragon’s Board of Directors has morethan 25% women* and is mostly made up
of independent non-executive directors, as
required by both NASDAQ listing rules andIsraeli Companies Law. This includes thestrict requirements of Israeli and NASDAQ
listing rules for independent directors. As
a result, all of our board committees arealso made up entirely of independent
directors. The nominees to the Board of
Directors are evaluated by the Nomination
Committee, which is responsible for finding
and recommending candidates to beappointed to the Board of Directors, including

evaluating their qualifications. When choosing
candidates, the committee considers the
structure of the Board of Directors, such as
the members’ knowledge of the Company
and its industry, as well as their past
contributions.
The Company will continue and enhance its
collection of relevant ESG data on various
environmental indicators, such as waste,water, energy and GHG emissions.
In addition, Ceragon will establish a dedicatedcross-organizational work groups in the ESG
sphere, to create an ESG center of knowledge
to achieve better ESG performance.

* As of September 2023.

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Ceragon / Sustainability Report 2022 | 41

RISK MANAGEMENT& AUDITRISK MANAGEMENT
Risk governance as a concept strives togain proactive control throughout the entire
company and is committed to the norms ofgood corporate governance.
Ceragon manages the risks as part of its
risk management guidelines. Each of theCompany’s EVPs reports the relevant risks at
the management meetings. As a corporate
ordinary course of business and according toapplicable laws, the management examines
the Company’s main risks based on a risk
assessment and publishes its risk factors aspart of its annual report filed with the US
Securities and Exchange Commission.
Moreover, the sustainability reporting
approach acts as a tool to measure Ceragon’s

A MESSAGE FROM OUR CEOOUR COMPANY

performance and therefore helps to mitigate
any business-related risks in future. It
communicates the social and environmental
effects of the Company to its stakeholders
and particular interest groups within society atlarge.

INTERNAL & EXTERNAL AUDITAs a public company, Ceragon operates
in accordance with the requirements of
the applicable laws, and based on therecommendations of the Audit Committee,
the Board of Directors approves theappointment of an internal auditor for theCompany.
Moreover, the Company has external
independent auditors, Ernst & Young, as statedin the Company’s 2022 Annual Report.

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CORPORATECOMPLIANCE
Ceragon has a designated business practices
policy that sets general compliance standards
and states its corporate compliance program.
The Company conducts its business in an
honest and ethical manner.
The Company’s activities and operations arecarried out in compliance with the applicablelaws, rules and regulations. It is the personal
responsibility of each employee to adhere
to the standards and restrictions imposedby those laws, rules and regulations, andin particular, those relating to disclosure,accounting and auditing matters.
The purpose of Ceragon’s corporate
compliance program is to assist and ensurethat all people understand and adhere to
the Company’s high ethical and corporate
governance standards.

A MESSAGE FROM OUR CEOOUR COMPANY

CODE OF ETHICS
Ceragon’s success is built upon its
commitment to act with the highest ethicalstandards and to conduct business honestly
and legally.
The Company has a specific document thatsets the standards of Ceragon’s businessconduct, which includes the Company’s
approach in matters such as: compliancewith anti-corruption laws, conflict of interest,
export controls, facilitation payments, gifts
hospitality and expenses, third party risks andreporting of unethical conduct.
Furthermore, Ceragon holds a specificcode of business conduct for its suppliers
and agents. This code of business conduct
corresponds with Ceragon’s general code of
ethics.

APPROACH TO SUSTAINABILITY

The code of ethics is being reviewed andupdated periodically. Moreover, a periodical
process is being conducted, to ensure thepeople’s performance is according to theapplicable standards.

ANTI-BRIBERYThe Company makes significant efforts toensure it complies with anti-corruption laws
in the countries where it conducts business.
Although Ceragon is an Israeli company, by
virtue of its securities being registered with
the United States Securities and Exchange
Commission and being publicly traded on
the NASDAQ stock exchange, Ceragon is
subject to the anti-bribery provisions of the
U.S. Foreign Corrupt Practices Act (“FCPA”)
and otherwise committed to the OECD
Convention on Combating Bribery of Foreign
Public Officials in International BusinessTransactions.

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Ceragon / Sustainability Report 2022 | 43

Employees and third-party representatives
working on behalf of Ceragon must comply
with the FCPA, as well as all relevant local
laws dealing with bribery of government
officials, including laws and reforms passed
by Israel and other countries to meetinternational standards.

EXPORT CONTROLSThe United States and Israel are among a
number of countries maintaining controlson the destinations to which products orsoftware may be exported. Both the U.S. andIsraeli regulations are complex and apply
both to exports from the United States andsometimes to exports of products from othercountries.
No products or software may be sold inand no business or other dealing on behalfof the Company may be done with any
person, entity or property related to certain

A MESSAGE FROM OUR CEOOUR COMPANY

embargoed countries. As of now thesecountries include countries such as Cuba,
Syria, Lebanon, North Sudan, Russia, theterritories occupied by Russia in Ukraine,
Belarus, North Korea or Iran, including
nationals thereof wherever located. The
Company reserves the right to expand or
contract the list of prohibited or restricted
countries as appropriate at any time tocomply with applicable law or otherwise.

CONFLICT MINERALSIn order to curb violent behavior in the
Democratic Republic of the Congo and/or
adjoining countries (the “Covered Countries”),
the U.S. Securities and Exchange Commission
adopted a final rule to implement reportingand disclosure requirements related to tin,tantalum, tungsten and gold (the “Conflict
Minerals”) as directed by the Dodd Frank WallStreet Reform and Consumer Protection
Act of 2010. The rule requires U.S. Securities

APPROACH TO SUSTAINABILITY

and Exchange Commission registrants
to disclose whether the products they
manufacture or contract to manufacture
contain Conflict Minerals that are “necessary
to the functionality or production” of those
products.
As part of Ceragon’s commitment tocorporate responsibility and respecting
human rights in our own operations &global supply chain, Ceragon is committed
to taking all steps necessary to comply
with the legislation and support responsible
conflict sourcing. As a result, Ceragon has
implemented a due diligence process tomeet these obligations, which is based on
the OECD Due Diligence Guidance for
Responsible Supply Chains of Minerals from
Conflict-Affected and High-Risk Areas.

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Ceragon / Sustainability Report 2022 | 44

COMPENSATIONPOLICYThe compensation policy is designed toestablish guidelines for compensation for
the Company’s officers, with the objectiveof reconciling the Company’s interests incompensating high-performing officers,
attracting and retaining top-quality talentover the long term and providing themwith incentives to achieve the Company’s
objectives.
Our philosophy is that our officers’
compensation mix shall be comprised ofsome or all, of the following components:

A MESSAGE FROM OUR CEOOUR COMPANY

annual base salary, performance-based
cash incentives and long-term equity-based
compensation, all in accordance with theposition and responsibilities of each officer.
The compensation policy is being reviewed
and amended and re-approved by theCompensation Committee, the Boardof Directors, and finally approved by the
Shareholders of the Company at least once
every three years, or as otherwise requiredby Law.

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Ceragon / Sustainability Report 2022 | 46

GRI
DISCLOSURE INDEXTOPICGRI Disclosure

Page No.

GENERAL DISCLOSURESTOPICGRI Disclosure

Page No.

ENVIRONMENT

Organizational details

2-1

6-13

Energy301

29-30

Reporting period, frequency and contact point

2-3

7-8

Water and Effluents

303

29

Statement on sustainable development strategy

2-22

8,14-15

Emissions

305

29-30

Compliance with laws and regulations

2-27

40-42

Waste

306

30-31

GOVERNANCE

SOCIETY

Governance structure and composition

2-9

11 ,34-37

Occupational Health and Safety

403

21-24

Role of the highest governance body inoverseeing the management of impacts

2-12

34-37

Training and Education

404

20-21

Diversity and Equal Opportunity

405

17-20

Remuneration policies

2-19

42

Nondiscrimination

406

17

Anti-corruption

205

41

Freedom of association and collective bargaining

407

20

Child labor

408

20

Compulsory labor

409

20

Local Communities

413

24-25

Customer privacy

418

26-27

Socioeconomic compliance419

14-15, 38

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Ceragon / Sustainability Report 2022 | 47

SASB
DISCLOSURE INDEXTOPICSASB Disclosure

Page No.

Environmental Footprint of Operations

TC-TL 130a.1

29-30

Data Privacy

TC-TL-220a.1

26-27

Data Security

TC-TL-230a.1

42

TC-TL-230a.2

25-27

Product End-of life Management

TC-TL-440a.1

30-31

Managing Systemic Risks from Technology
Disruptions

TC-TL-550a.2

26-27

A MESSAGE FROM OUR CEOOUR COMPANYAPPROACH TO SUSTAINABILITYOUR PEOPLE

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APPENDIXABOUT CERAGON NETWORKS
Ceragon Networks Ltd. (NASDAQ: CRNT) is the global innovator and leading
solutions provider of 5G wireless transport. We help operators and other service
providers worldwide increase operational efficiency and enhance end customers’
quality of experience with innovative wireless backhaul and fronthaul solutions.
Our customers include service providers, public safety organizations, government
agencies, and utility companies, which use our solutions to deliver 5G & 4G
broadband wireless connectivity, mission-critical multimedia services, stabilized
communications, and other applications at high reliability and speed.
Ceragon’s unique multicore technology and disaggregated approach to wirelesstransport provides highly reliable, fast-to-deploy, high-capacity wireless transport
for 5G and 4G networks with minimal use of spectrum, power, real estate, andlabor resources. It enables increased productivity, as well as simple and quick
network modernization, positioning Ceragon as a leading solutions provider
for the 5G era. We deliver a complete portfolio of turnkey end-to-end AI-based
managed and professional services that ensure efficient network rollout andoptimization to achieve the highest value for our customers. Our solutions
are deployed by more than 400 service providers, as well as over 800 private
network owners, in more than 150 countries. For more information please visit:www.ceragon.com