2023

Environmental, Social& Governance ReportTable ofContents

ABOUT THIS REPORTREPORTING GUIDELINES & CONTENT

INTERPRETATIONThis Environmental, Social & Governance

We prepared this report leveraging

When we use the terms “Broadcom,” “we,”Report was published in February 2024.

the Global Reporting Initiative (GRI)“us,” “our” and the “company,” we mean

Unless otherwise noted, this report covers

Sustainability Reporting Standards (coreBroadcom Inc., a Delaware corporation, andBroadcom’s fiscal year 2023 ended October

option), the Sustainability Accounting

its subsidiaries, taken as a whole, unless the29, 2023 (referred to herein as 2023).

Standards Board (SASB) Semiconductors

context otherwise indicates.

Letter from our CEO

3

The terms “material” and “materiality” as

ESG at Broadcom

4

Environmental Sustainability

13

as used in the context of filings with theWorkforce

20

U.S. Securities and Exchange Commission

Supply Chain

28

Cybersecurity and Data Privacy

33

assessment may not be deemed material

Governance36

for SEC reporting purposes.

Communities

40

Appendices45

We intend to continue to report on ourenvironmental, social and governance(ESG) programs and initiatives annually.
For additional information, visit Broadcom’s
Corporate Citizenship page.
To provide feedback or obtain additional
information about this report and Broadcom’s
corporate social responsibility program,please contact esg@broadcom.com.

and Software & IT Services Industry
Standards, the Greenhouse Gas Protocol
and the framework developed by the
Task Force on Climate-Related Financial
Disclosures (TCFD).

used in this report and in the ESG priorities
assessment are different from those terms(SEC). Issues deemed material for the
purposes of this report or the ESG priorities2023 ESG REPORTLETTER FROM OUR CEO

ESG AT BROADCOMENVIRONMENTAL SUSTAINABILITYWORKFORCE

SUPPLY CHAINCYBERSECURITY AND DATA PRIVACY

Letter from our CEO
Broadcom technology powers the world’s most complex

Our highly skilled global workforce is the foundation of our

IT environments. Our innovative products connect homes,

success. We remain committed to creating a welcoming andcommunities, governments and businesses, improving theinclusive culture for all of our employees.

everyday lives of people globally. Our longstanding commitment
to innovation goes hand-in-hand with our commitment to ensure
our customers, partners, employees and communities remain
Connected by Broadcom.

We’re also excited to welcome VMware to Broadcom. We
closed the VMware acquisition in November 2023, completingthe technology industry’s largest M&A transaction to date. In
2024, we are focused on integrating the VMware business andWe’re proud that in 2023, Broadcom made Newsweek’s lists

employees into Broadcom while also developing and growingof America’s Most Responsible Companies, Most Trustworthy

the VMware business.

Companies in America and the World’s Most Trustworthy
Companies. In addition, TIME named Broadcom one of theWorld’s Best Companies. These honors reflect the progress wehave made since we began our ESG journey.
We continue to make measurable advances toward our

The VMware acquisition marks the start of a new era for
Broadcom. As we build the world’s leading infrastructuretechnology company, we continue to support our customers,
partners, employees and communities through innovation sothat they remain connected to each other.

commitment to reduce our Scope 1 and Scope 2 greenhouse gas(GHG) emissions. This commitment is in line with the UN Paris
Agreement and Science Based Targets Initiative goal to limit
global warming to 1.5° Celsius above pre-industrial levels. In 2023,
we decreased our Scope 1 and Scope 2 GHG emissions by 34%
from our 2021 baseline.
In addition, we have expanded our Scope 3 GHG emissions
disclosures by including in this ESG Report two additional Scope
3 categories. As part of our efforts to expand our disclosuresand make our global supply chain more sustainable, we haveincreased our level of engagement with our suppliers.

Hock E. Tan
President and Chief Executive Officer
Broadcom Inc.

GOVERNANCECOMMUNITIESAPPENDICES

3

2023 ESG REPORTLETTER FROM OUR CEO

ESG AT BROADCOMENVIRONMENTAL SUSTAINABILITY

ESG at Broadcom

WORKFORCE

SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYBROADCOM AT A GLANCE*

20,000+
Employees

ABOUT BROADCOM
Broadcom Inc. is a global technology leader that designs, develops and supplies a broad
range of semiconductor, enterprise software and security solutions.
We are recognized for our innovation, collaboration and engineering excellence.
Our category-leading product portfolio serves critical markets, including cloud, data
center, networking, broadband, wireless, storage, industrial and enterprise software, andensures our customers, employees and communities stay Connected by Broadcom.

12,900+R&D Employees

Our over 60-year history of innovation dates back to our diverse origins from
Hewlett-Packard Company, AT&T, LSI Corporation, Broadcom Corporation, Brocade
Communication Systems, CA Technologies, Symantec Enterprise Security and VMware.
Our culture of technological innovation continues today due to our talented and81

Global Offices

dedicated employees across the globe.
We take pride in our highly efficient operating model. We strive to maximize value forour stockholders while providing flexibility in how we invest our resources.
Our disciplined management, operating and acquisition strategies have allowed us toincrease our dividend every year since we began paying dividends in 2010.

Manufacturing
Facilities

2023 FINANCIAL HIGHLIGHTS$35.8B

$5.3B

$452M

$18.40up 7.9% fromresearch andexpenditures

cash dividends,

fiscal year 2022

development

in net revenue,

investment in12

in capitalin aggregate
per share ofcommon stock

AVGO

Nasdaq Global
Select Market*This data is as of the end of our fiscal year 2023,
prior to the closing of our acquisition of VMware
on November 22, 2023.

GOVERNANCECOMMUNITIESAPPENDICES

4

2023 ESG REPORTLETTER FROM OUR CEO

ESG AT BROADCOMENVIRONMENTAL SUSTAINABILITYWORKFORCE

SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYGOVERNANCECOMMUNITIESAPPENDICES

2023 ESG HIGHLIGHTS
Newsweek — America’s
Greatest Workplacesfor Diversity 2023

Newsweek — America’s
Most Responsible
Companies 2023

Newsweek — World’s
Most Trustworthy
Companies 2023

Recognized for the
inclusivity and diversityof our workforce andcorporate culture

Recognized for our
ESG efforts

Recognized for our fairtreatment of customers,
suppliers and employees
throughout the world

Newsweek — America’s
Most Trustworthy
Companies 2023

TIME — The World’s Best
Companies 2023

Recognized for ourfair treatment ofcustomers, suppliersand employees

Recognized for ouroutstanding revenue
growth, employee
satisfaction surveys and
ESG initiatives

Newsweek — America’s
Greatest Workplaces
for Parents andFamilies 2023

Newsweek — America’s
Greatest Workplaces
for Job Starters/Young
Professionals 2023

Recognized for ourfamily-friendly policies
and workplace culture

GHG Emissions Reductions
34% reduction in Scope 1 andScope 2 GHG emissions fromour 2021 baseline

Engineering Scholarships

Humankind 100

Provided scholarships toColorado State University,
Pennsylvania State University,
San Jose State University andNational Action Council for
Minorities in Engineering

Recognized for creating
positive value for ourinvestors, consumers,
employees and society
at large

Recognized for ourinvestments in training
and mentorship

Forbes — America’s
Most CybersecureCompanies 2023
Recognized for our best-inclass website security andcybersecurity infrastructure52023 ESG REPORTLETTER FROM OUR CEO

ESG AT BROADCOMENVIRONMENTAL SUSTAINABILITYWORKFORCE

SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYGOVERNANCECOMMUNITIESESG GOVERNANCE
ESG — environmental, social and governance —BOARD OFDIRECTORS

at Broadcom starts at the top with our Board of
Directors and executives.

NESG
COMMITTEE

Our Board, through its Nominating, Environmental,
Social and Governance (NESG) Committee, oversees
our ESG program. The NESG Committee receives

ESG STEERINGCOMMITTEE

quarterly updates from our executives on ESG

FINANCEmatters, including stakeholder feedback, and updates
the Board at least quarterly. Our Board is engaged in

GLOBALOPERATIONS

the preparation and review of our ESG Report.
Our ESG Steering Committee is led by the President

HUMAN
RESOURCES

of our Semiconductor Solutions Group, who reports
to our President and Chief Executive Officer (CEO).
Our ESG Steering Committee also includes our

LEGAL

Chief Financial Officer (CFO), Chief Legal andCorporate Affairs Officer, and senior leaders in Global
Operations, Human Resources, Legal and

SEMICONDUCTORSOLUTIONS GROUP

Workplace Services.
The ESG Steering Committee meets quarterly
and is responsible for leading our ESG strategy

ESG WORKINGGROUPS

WORKPLACESERVICESENVIRONMENTALSUSTAINABILITYHUMAN RIGHTS/
SUPPLY CHAIN

and engaging with our ESG Working Groups whochampion our ESG initiatives across Broadcom.
The ESG Steering Committee has four Working
Groups that focus on diversity, equity and inclusion,
environmental sustainability, human rights/supply
chain and regulatory reporting.

DIVERSITY, EQUITY& INCLUSIONREGULATORYREPORTING

APPENDICES

6

2023 ESG REPORTLETTER FROM OUR CEOSTAKEHOLDER ENGAGEMENT
We recognize the importanceof regularly engaging with our
stakeholders to understand theirconcerns and to receive valuable

ESG AT BROADCOMENVIRONMENTAL SUSTAINABILITYWORKFORCE

SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYGOVERNANCECOMMUNITIESOver $1.4 million in matching
employee charitable donations

Annual stockholder
engagement program

STEM education and digital literacy
through Broadcom Foundation

One-on-one meetings
with stockholders on
ESG topics

Industry association participation
and representation

APPENDICES

input from them to help identify our
ESG priorities.
Our CEO and CFO engage with
our stockholders throughout the
COMMUNITIES &ORGANIZATIONS

year, and our Board members
participate in our annual stockholder

STOCKHOLDERS

engagement efforts.

Policy engagement and outreachwith government officials

2023

Discussions with industry peers
and stakeholder organizations
Participate in U.S. governmentled public-private initiatives

Quarterly business reviews,
including updates on ESG initiatives

STAKEHOLDERENGAGEMENTPUBLIC POLICYCUSTOMERS

Respond to inquiries related to
product regulatory compliance,
supply chain and sustainability
Product education and trainings

SUPPLIERS

Survey significant global
suppliers on human rights
Supplier audits
Supplier engagement onsustainability and human rights
Supplier human rights trainings

WORKFORCE

Quarterly CEO “coffee talks”
Business unit “all hands” meetings
Annual Employee Ethical Culture Survey
Diversity@Broadcom initiative
Quarterly newsletters7

2023 ESG REPORTLETTER FROM OUR CEO

ESG AT BROADCOM

2023 ESG PRIORITIESENVIRONMENTAL SUSTAINABILITYWORKFORCE

SUPPLY CHAINENVIRONMENTCYBERSECURITY AND DATA PRIVACYGOVERNANCE

SOCIALCOMMUNITIESAPPENDICESGOVERNANCE

Our ESG priorities are validated annually by
our ESG Steering Committee and reviewed
by our Board.
Our 2023 ESG priorities were based on:

ENERGY USE AND EFFICIENCYDIVERSITY, EQUITY AND
INCLUSIONETHICS AND INTEGRITY

GREENHOUSE GASEMISSIONS REDUCTIONTALENT RECRUITMENT,DEVELOPMENT AND RETENTIONCORPORATE GOVERNANCE

WATER STEWARDSHIPEMPLOYEE HEALTH AND SAFETYCYBERSECURITY ANDDATA PRIVACYWASTE MANAGEMENT AND
REDUCTION OF HAZARDOUS
MATERIALS

HUMAN RIGHTS/SUPPLY CHAIN

PRODUCT QUALITY• Feedback from our ESG Steering
Committee• Our 2023 business priorities• Our risks and opportunities• Global reporting guidelines, including
GRI, SASB and TCFD
• Market trends and standards in thesemiconductor and software industries• Engagement with our stakeholders,
including our investors, customers, seniorleadership, employees and subject
matter experts

8

LETTER FROM OUR CEO

ESG AT BROADCOMENVIRONMENTAL SUSTAINABILITY

United Nations
Sustainable
Development Goals

WORKFORCE

SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYGOVERNANCECOMMUNITIESAPPENDICESENERGY USE AND EFFICIENCYENVIRONMENT

2023 ESG REPORTGREENHOUSE GAS EMISSIONSREDUCTION TARGET

WATER STEWARDSHIPWASTE MANAGEMENT AND
REDUCTION OF HAZARDOUS MATERIALSThe United Nations Sustainable Development Goals(SDGs) represent a call to action to address the mostpressing social and environmental issues facing ourglobal community.
We believe technology has the power to transform lives and that our

DIVERSITY, EQUITY AND INCLUSION

category-leading technologies have an important role to play in achieving
TALENT RECRUITMENT,DEVELOPMENT AND
RETENTIONEMPLOYEE HEALTH AND SAFETY

HUMAN RIGHTS/
SUPPLY CHAINETHICS AND INTEGRITY

GOVERNANCE

provided on this page.

SOCIALthe SDGs. The alignment of our 2023 ESG priorities with the SDGs is

CORPORATE GOVERNANCECYBERSECURITY AND DATA PRIVACYPRODUCT QUALITY

92023 ESG REPORTLETTER FROM OUR CEO

ESG AT BROADCOMENVIRONMENTAL SUSTAINABILITY

Products

WORKFORCE

SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYGOVERNANCECOMMUNITIESAPPENDICES

Our commitment to research and development

With our acquisition of VMware in November 2023,(R&D) drives our technology leadership, competitive

we help global enterprises address complex ITadvantage and performance differentiation.

infrastructure challenges and optimize their private,

Our semiconductor solutions products continue to meethybrid and multi-cloud environments.

We design, develop and supply a broad range of leading

the growing demand for next-generation networking

We estimate that more than 99% of all internet traffic

semiconductor and infrastructure software solutions

technologies as hyperscale customers scale out andcrosses through one or more of our technologies.

that connect people, communities and businesses.

network their AI clusters within data centers.

At Broadcom, we develop and deliver core fundamental
technology to serve the ever-changing needs of our customers.
Our products are constantly evolving to:Power smartphones, broadband access, data center

Enable smartphone communications, internet access andnetworking and industrial automation

GPS navigation

Deliver ultra-fast broadband connectivity to homes andEnable factory automation, renewable energy anddevices, and power home and office wireless networks

automotive electronics

Enable and secure service providers, data centers and theConnect multiple devices across cable modems, set-

cloud to move and store data for everyday applications

top boxes, Wi-Fi routers and digital subscriber line (DSL)

such as email, social media and banking

gateways to connect to the internet, securely

Protect people, data, devices and applications fromcyber threats, wherever they are

Align teams and provide the data transparency andcapabilities needed to optimize efficiency, reduce waste,
and foster trust between stakeholders

Integrate public cloud scale and agility with private cloud

Deliver a unified software stack from the software-defined

security and performance to modernize, optimize anddata center, across all clouds, and out to the edge, making

protect businesses everywhere

global enterprises more connected, resilient and secure102023 ESG REPORTLETTER FROM OUR CEO

ESG AT BROADCOMENVIRONMENTAL SUSTAINABILITYWORKFORCE

SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYGOVERNANCECOMMUNITIESAPPENDICES

Sustainability
throughInnovation
One of our areas of focus is to create productsthat support our customers’ sustainability goals.
We develop innovative methods that minimize
power consumption and industrial products that
support green energy systems. We also make AI
networks more power efficient.

SAVING POWER WITH
CO-PACKAGED OPTICS

THE MOST HIGH-PERFORMANCE, HIGHEFFICIENCY CHOICE FOR AI NETWORKSTODAY’S MAINFRAME:
BUILT FOR SUSTAINABILITYCULTIVATING A SUSTAINABLE CLOUD
WITH VMWARE TANZU CLOUDHEALTH

In 2023, Broadcom released the world’s first

Our Jericho3AI product enables the industry’s

Today’s mainframe is a highly sophisticatedVirtualization — the cornerstone of our VMware

Tomahawk® 5-based 51.2T Bailly Co-Packaged

highest performance fabric for AI networks,

computing platform that drives 72% of thetechnology — helps enterprises reduce power

Optics (CPO) system. The 51.2-Tb/s speed ofwhile improving power efficiency.

world’s transactional workloads. Mainframes

consumption in comparison to physical servers.

this Tomahawk® 5-based Bailly chip can deliver
double the bandwidth of a 25.6T standard
solution without any increase in system power
consumption. These major power and costsavings are critical for reducing electricity
consumption in cloud data centers.

Jericho3AI revolutionizes AI networking with
best-in-class capabilities such as perfect loadbalancing, congestion-free operation, ultra-highradix and Zero-Impact Failover — all culminating

frequently operate at a 95% utilization rate,
which can result in significantly lower
overall power consumption than otherhardware platforms.

Our VMware Tanzu® CloudHealth® incorporates
sustainable practices in software development
lifecycles. The “GreenOps Dashboard”
telemetry-based toolkit provides actionable

in significantly shorter job completion times for

We provide a comprehensive range of industry

steps to optimize the workload’s architecture

AI workloads.

leading software solutions and innovative

for more energy efficiency. By tracking

programs that enable our customers to realize

important metrics, this “GreenOps Dashboard”

peak mainframe performance.

can maximize efficiency and improve the overall

The Jericho3AI fabric offers 26 Pb/s of Ethernet
bandwidth (which is almost four times the bandwidthof the previous generation) while simultaneously
delivering 40% lower power per gigabit.

sustainability of cloud solutions.

112023 ESG REPORTLETTER FROM OUR CEO

ESG AT BROADCOMENVIRONMENTAL SUSTAINABILITY

Product Stewardship
Broadcom is committed to the highest quality standards and continuously improving theeffectiveness of our quality management system, processes and products to enhancevalue for our customers, stockholders and employees. We aim to provide products thatmeet legal requirements and are safe for their intended markets and applications, as
required by our Product Safety and Regulations Policy and Quality Policy.

ISO Certification
Our quality management system and processes are aligned with the requirements ofInternational Organization for Standardization (ISO) 9001, and we choose suppliers withquality management systems of equal rigor. We expect our suppliers and partners tocomply with our Suppliers & Partners Quality System Requirements.
In addition to a number of our sites being ISO 9001 certified, we obtained in 2023 an
ISO 9001 certification for the design and development of our cybersecurity, enterprise,
mainframe and payment security software.

For more information, please refer to our certificates:
ISO 9001 Certificate and International Automotive Task Force(IATF) 16949 Certificate.

WORKFORCE

SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYGOVERNANCECOMMUNITIESAPPENDICES

12

2023 ESG REPORTLETTER FROM OUR CEO

ESG AT BROADCOM

Environmental
Sustainability

ENVIRONMENTAL SUSTAINABILITYWORKFORCE

SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYAPPENDICESSCIENCE BASED TARGETS INITIATIVE (SBTI)

We committed to reduce our Scope 1 and Scope 2 GHG emissions by

Our 2021 commitment to reduce our Scope 1 and

38% by 2030 from our 2021 baseline and are on track to meet this goal.

Scope 2 GHG emissions is in line with both the UN Paris

In 2023, we have achieved progress towards our goal:

Agreement and Science Based Targets Initiative (SBTi)goal to limit global warming to 1.5° Celsius above
pre-industrial levels.
This target will be replaced with new Scope 1, Scopeposes a challenge for society and that a collective

2 and Scope 3 GHG emissions reduction targets thateffort is required to effectively mitigate the impact ofreflect the integration of VMware and recalculation of ourclimate change. We seek to manage our business in aour direct operations and supply chain on the planet.

COMMUNITIESTARGET PROGRESS IN 2023

At Broadcom, we understand that climate changesustainable manner that considers the impact of both

GOVERNANCE

baseline to incorporate our VMware acquisition.

50%

34%

reduction of tCO2e* per $M

decrease in Scope 1 and Scope 2

revenue from 2021 baseline

GHG emissions (market-based)*Total Scope 1 & Scope 2 GHG emissions(market-based)from 2021 baseline

In February 2024, we committed to SBTi that we will
present for validation our post-VMware integration
near-term science-based Scope 1, Scope 2 and Scope 3
GHG emissions reduction targets.
We will continue to evaluate pathways to setting longterm science-based Scope 1, Scope 2 and Scope 3 GHG
emissions reduction targets.

VMWARE INTEGRATION
Our acquisition of VMware in November 2023 wassignificant and transformative. We expect our integration

22%of VMware’s business, employees and facilities to take at20%

emissions (market-based)consumption from renewable

recalculate our baseline and replace our 2021 targets

from 2021 baseline

energy sources

decrease in Scope 2 GHG

of total 2023 electricity

least one year.
After the completion of this integration, we expect towith new Scope 1, Scope 2 and Scope 3 GHG emissions
reduction targets in accordance with both the UN Paris
Agreement and SBTi goal to limit global warming to 1.5°
Celsius above pre-industrial levels.
This new baseline will enable us to present our targets to
reduce our Scope 1, Scope 2 and Scope 3 GHG emissions
to SBTi for validation.

13

2023 ESG REPORTLETTER FROM OUR CEO

ESG AT BROADCOMENVIRONMENTAL SUSTAINABILITYWORKFORCE

SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYGOVERNANCECOMMUNITIESAPPENDICESTASK FORCE ON CLIMATE-RELATED FINANCIAL DISCLOSURES (TCFD)ONE EMPLOYEE — ONE TREE

We leverage the framework developed by the Task Force on Climate-Related Financial

Our employees at our Jitra, Malaysia facility launched the One Employee — One Tree campaign in

Disclosures (TCFD) to communicate our approach to assessing and addressing climate-2023. Our employees came together to revitalize a 35,000 square foot area at our facility and planted

related risks and opportunities through governance, strategy, risk management, and metrics

native trees, with the goal of planting additional trees in 2024.

and targets.
We have an integrated, collaborative and cross-functional approach to addressing climatechange. Employees from our Global Operations, Workplace Services, Legal, Government
Affairs, Sales, Finance, and manufacturing and product divisions work together on climaterelated activities, initiatives and policies.
Our ESG Steering Committee, NESG Committee, Audit Committee and Board review climaterelated risks and opportunities and related strategies on an annual basis.
We describe our overall risk management processes in our 2024 Proxy Statement and our
climate-related risks and opportunities in this report, in the “Risk Factors” section of our
Annual Report on Form 10-K and in our CDP Climate Change survey.
A more detailed mapping of our climate disclosures aligned with the recommendationsof TCFD, GRI and the SASB is included in the Appendix.

MANAGING OUR ENVIRONMENTAL IMPACT
Energy use and efficiency, GHG emissions reductions, water management and waste
management represent our priority environmental impact areas, both directly at our
manufacturing facilities and indirectly through our outsourced manufacturing activities.
We monitor our environmental data and continuously look to make progress on ourenvironmental sustainability initiatives.
We have implemented a global Environment and Sustainability Policy, which requires• Conduct our operations in a manner that supports recycling, conservation of resources, prevention ofpollution and protection of the environment• Responsibly manage the use of hazardous substances in our operations and products• Inform our suppliers, partners and contractors of our environmental expectations and encouragethem to adopt environmental management practices

that we:• Promote environmental stewardship and sustainability within our organization• Ensure our products and operations comply with applicable environmental legislation and• Publicly communicate our environmental priorities and performance annually

other related compliance obligations• Operate and continually improve an environmental management system that strives to alignwith our business practices and set objectives that enhance environmental performance

We have an environmental management system that is aligned with ISO 14001 and guides ourefforts to achieve the expectations set forth in our Environment and Sustainability Policy.

142023 ESG REPORTLETTER FROM OUR CEO

ESG AT BROADCOM

Fort Collins
Facility
Our Fort Collins, Colorado facility is our largest
manufacturing facility. We are proud that our Fort Collins
facility continues to be recognized for its commitment toenvironmental sustainability.

ENVIRONMENTAL SUSTAINABILITYWORKFORCE

SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYGOVERNANCECOMMUNITIESAPPENDICESREDUCTION OF SCOPE 1 GHG EMISSIONSSUSTAINABILITY MANAGEMENT

Our Fort Collins facility was an early adopter of point-of-use

Our Fort Collins facility routinely reviews the efficiency ofabatement units and began installing them in 2008. Our efforts

equipment, technologies and processes to reduce energy

have resulted in a reduction of approximately 86% of Scope 1 GHG

and water consumption and GHG emissions. We haveemissions at our Fort Collins facility from 2016 to 2023.

initiated a number of long-term sustainability projects:• We significantly increased the reliability and improved

2016 – 2023 Fort Collins Facility Scope 1 GHG Emissions (tCO₂e)

the energy efficiency of a 30-year-old chiller unit. By
refurbishing the chiller, we save approximately 215,000

306,331

kWh of electricity per year and were able to avoid it
becoming landfill waste.

Gold-Level Member in Colorado Green
Business Network• We are replacing approximately 1,000 fluorescent light
201,755

by State of Colorado Department of Public
Health and Environment since 2010

172,334

tubes a month with LEDs, saving almost 300,000 kWh of

182,824

electricity per year. We have converted approximately 70%
139,671of the lights to LEDs.

125,324• We are using reject heat from our chiller plant to preheat
2023 Environmental Stewardship Award
from Larimer County
for reduction of GHG emissions throughabatement technology

water used in our manufacturing process instead of natural

78,58542,548*gas, reducing our GHG emissions by approximately 800
tCO₂e per year.

2016

2017

2018

2019

2020

2021

2022

2023

*Fort Collins facility 2023 Scope 1 GHG emissions are calculated for Broadcom’s fiscal year period. Prior years’ datais calculated on a calendar year basis.

• We implemented improved controls and monitoring to
reduce cooling tower water consumption by approximately
4.5 million gallons per year.

Nominated for 24-Karat Gold Award
for advancing sustainability andprioritizing energy efficiency
in operations

ABATEMENT UNITS ON ALL GHG-EMITTING TOOLS• We are continuing to replace and convert a heat transfer
fluid used in certain specialized manufacturing equipment

We completed the installation of abatement units on all of ourto a fluid with a significantly lower global warming

active GHG-emitting tools at our Fort Collins facility in 2023 —potential. Since 2022, we have converted 75% of the tools

two years ahead of our stated goal.

using these fluids.

15

2023 ESG REPORTLETTER FROM OUR CEO

ESG AT BROADCOMENVIRONMENTAL SUSTAINABILITYWORKFORCE

Global Energy and Emissions

SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYGOVERNANCECOMMUNITIES16APPENDICESENERGY SAVING AND EMISSIONS REDUCTION PROJECTS
We have on-going energy efficiency improvement and GHG emissions reduction projects throughout
our global facilities.

We calculate GHG emissions associated with our electricity, natural gas, fuel, refrigerant,
perfluorocarbons (PFCs) and other process gas consumption for our global facilities andoperations where we have operational control. PFCs and other process gases, includinghydrofluorocarbons (HFCs), nitrogen trifluoride, sulfur hexafluoride, fluorinated heat transfer fluids
and nitrous oxide, are required for certain tools in the semiconductor manufacturing process.
Electricity usage at our facilities accounts for approximately 76% of our total energy consumption
and approximately 70% of our Scope 1 and Scope 2 GHG emissions (market-based).

In 2023, we implemented the following projects:• San Jose Ridder Park, California office replaced its AC systems and continued to refine building
automation controls that saves approximately 200,000 kWh of electricity per year
• Shanghai, China office switched to a more efficient chiller operating model that saves approximately
137,000 kWh of electricity per year
• Broomfield, Colorado office completely refurbished a chiller unit that saves approximately 128,000
kWh of electricity per year

Our second largest source of GHG emissions is PFCs and other process gases, which are used inprocessing equipment at our manufacturing facilities and account for approximately 15% of our

The following table summarizes our fuel and energy consumption for our global facilities in 2023

Scope 1 and Scope 2 GHG emissions (market-based).

and 2022.

FUEL AND ENERGY CONSUMPTION*(kWh)
ISO 14001 CERTIFICATIONS

2023

2022

Electricity

416,627,474

410,700,709

Natural Gas

130,806,291

129,240,416

North Carolina manufacturing facility has

Other Fuels

3,338,590

1,737,931

also maintained ISO 14001 certification

Total Energy Consumption

550,772,355

541,679,057

15,377 kWh/$M

16,314 kWh/$M

Our Singapore and Penang, Malaysia
facilities have multi-site ISO 14001
certifications since 2005. Our Charlotte,

since 2006.

GREEN DATA CENTERS
In 2023, Broadcom used 100% renewableenergy within the Switch ecosystem, whichhouses our largest data center.
Our colocated data center in Singapore
received both LEED Gold Certification and
the Building and Construction Authority
Green Mark Platinum Award for outstandingachievements in environmental sustainability.

Total Energy per million dollars of revenue*See Environmental Metrics in the Appendix for more information on the calculation methodology. Other Fuels in 2023 includes jet fuel consumption not calculated in 2022.

2023 ESG REPORTLETTER FROM OUR CEO

ESG AT BROADCOMENVIRONMENTAL SUSTAINABILITYWORKFORCE

SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYGOVERNANCECOMMUNITIES17

APPENDICESSCOPE 3 INVENTORY
We are working towards completing our inventory of Scope 3 GHG emission categories in 2024 for

We decreased our Scope 1 and Scope 2 GHG emissions by 20% (50,946 tCO2e) in 2023 primarily
through GHG emissions abatement activities at our Fort Collins facility and sourcing 47,150,000 kWhof Green e-certified renewable energy certificates (RECs) for our Fort Collins facility.

increased disclosure in future ESG reports. We are also currently assessing the carbon footprint ofcertain products in our portfolio.

SUPPLIER SUSTAINABILITY ENGAGEMENT
Our semiconductor solutions business primarily operates through a fabless production model where

The following table summarizes our Scope 1 and Scope 2 GHG emissions for our global

we outsource the vast majority of the manufacturing of our semiconductor products to trusted third-

facilities in 2023 and 2022:

party suppliers and foundries. We expect our suppliers to comply with our Supplier Environmental
and Social Responsibility Code of Conduct by establishing their own GHG emissions reduction goals

SCOPE 1 AND SCOPE 2 GHG EMISSIONS*(tCO2e)and by seeking to minimize their energy consumption and environmental impact.

2023

2022

SCOPE 1PFCs and Process Gas

29,14070,337Natural Gas

23,70623,422

Refrigerants

5,099

3,018

Other Fuels

819

431

58,764

97,208

Total Scope 1 Emissions

In 2023, we engaged with our suppliers representing 65% of our 2023 supplier spend on climatechange, renewable energy procurement and GHG emissions reduction targets.
Our suppliers representing more than 81% of our 2023 supplier spend have set GHG emissions
reduction targets.

SCOPE 3 GHG EMISSIONS*(tCO2e)Purchased Goods and Services

SCOPE 2
Total Scope 2 Emissions (location-based)

186,061

181,235

Total Scope 2 Emissions (market-based)

140,005

152,507

SCOPE 3 GHG
EMISSIONS*(tCO2e)1,678,073

Capital Goods

95,283

Fuel- and Energy-Related Activities

42,882

Waste Generated in Operations

13,851Business Travel

7,518

Employee Commuting

SCOPE 1 & 2
Total Scope 1 & 2 Emissions (location-based)

244,825

278,443

Total Scope 1 & 2 Emissions (market-based)

198,769

249,715

Total Scope 1 & 2 Emissions (market-based)
per million dollars of revenue

5.5 tCO₂e/$M

7.5 tCO₂e/$M*See Environmental Metrics in the Appendix for more information on the calculation methodology.

*See Environmental Metrics in the Appendix for more information on the calculation
methodology.

10,355

2023 ESG REPORTLETTER FROM OUR CEO

ESG AT BROADCOMENVIRONMENTAL SUSTAINABILITYWORKFORCE

SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYGOVERNANCECOMMUNITIES18

APPENDICES

Water Stewardship

The following table summarizes our water withdrawal data in 2023.

We recognize that water scarcity and quality are challenges that many communities encounter around the world, and we strive toTotal Water Withdrawn*

WATER(Gallons)
515,791,697

use water responsibly in our operations.
Semiconductor manufacturing uses a significant amount of water. We operate a primarily outsourced manufacturing model, withover 84% of our semiconductor wafer manufacturing performed by third-party foundries. Our top suppliers have implemented
water conservation and water shortage adaptation measures, and continue to practice water conservation and use reclaimed
water during their manufacturing processes.
We regularly monitor our own water use at facilities where we have operational control and make efforts to conserve and use it
efficiently in our facilities. Water is monitored and managed locally, and we have implemented various technologies to reducewater consumption.
At our global facilities, these efforts reduced our water use by approximately 384,064 gallons in 2023.
Our Fort Collins facility is the primary driver of our water consumption. We actively monitor our water consumption and evaluate
our water efficiency efforts at this manufacturing facility. We continue to invest in substantial improvements to conserve, recycle
and reclaim water used at our Fort Collins facility. Our industrial water reuse project at our Fort Collins facility to redirect processrinse water from our wafer processing and fabrication to three wet scrubber systems, instead of using fresh water, continues toresult in approximately 4.7 million gallons of water being reused per year.
At our Charlotte, North Carolina manufacturing facility, we save approximately 150,000 gallons of water per year throughour replacement of obsolete and end-of-life reverse osmosis units with higher efficiency units that create less reject water.

*Water withdrawals based on actual data where available. Where actual data was not available, water withdrawals
were estimated using facility averages and square footage intensity factors by facility type. In 2023, we revised our
calculation to improve the completeness and quality of our water data.

2023 ESG REPORTLETTER FROM OUR CEO

ESG AT BROADCOMENVIRONMENTAL SUSTAINABILITYWORKFORCE

SUPPLY CHAIN

Waste Management

CYBERSECURITY AND DATA PRIVACYGOVERNANCECOMMUNITIESAPPENDICES

E-WASTE RECYCLING
We partner with a third-party service provider to decommission and recycle all of our e-waste. In 2023,
we recycled over 74 metric tons (163,318 lbs) of e-waste from our facilities globally.
To celebrate Earth Day 2023, we sponsored an e-waste recycling initiative at 22 of our global sites andWe actively monitor hazardous waste and industrial process waste streams at our global

collected approximately 26 metric tons (over 57,000 lbs) of additional e-waste.

manufacturing facilities.
The following table summarizes our waste data in 2023.

REDUCING FOOD WASTE
NON-HAZARDOUS WASTE1(Short Tons)

Broadcom partners with Sodexo’s Good Eating Company at many of our U.S. located cafeterias, where
80% of our kitchen food waste is composted or donated. Our cafeteria at our San Jose, California

GLOBAL OFFICES AND MANUFACTURING FACILITIES
Total Waste Generated

38,778

Total Waste Diverted from Landfill

7,825

Diversion Rate

35%

Innovation campus is a large purchaser of regenerative produce that helps support biodiversity.

HAZARDOUS WASTE AND INDUSTRIAL PROCESS WASTE(Short Tons)
GLOBAL MANUFACTURING FACILITIES2
Incineration (with Heat Recovery)

1,273

Incineration (without Heat Recovery)

105

Sent to Landfill/Surface Impoundment

30

Other Disposal Operations

3,449

Total

4,857

E-SCRAP WASTE(Short Tons)
ELIMINATION OF HAZARDOUS SUBSTANCESGLOBAL OFFICES AND MANUFACTURING FACILITIES
E-scrap3
In 2023, we revised our calculation to improve the completeness and quality of our waste data. This data is based on reported and estimated data from all global
offices and manufacturing facilities. The diversion rate is based on waste with known disposal methods.
2This data is based on reported and estimated data from all global manufacturing facilities.
3
E-scrap data is presented separately for visibility into e-scrap waste generation at all global offices and manufacturing facilities.
1

239

The elimination of hazardous substances from products is a global initiative. We offer a broad portfolio of
RoHS-compliant products. Our efforts are outlined in our Product Material Environmental Specificationsand General Specification for the Environment.

192023 ESG REPORTLETTER FROM OUR CEO

ESG AT BROADCOMENVIRONMENTAL SUSTAINABILITYWORKFORCE

SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYGOVERNANCECOMMUNITIESAPPENDICES

Workforce
At Broadcom, we believe that our workforce is the foundation of our
success. Having a talented, engaged and diverse workforce, manyof whom have joined Broadcom through acquisitions, makes us astrong, resilient and innovative company.
We are able to recruit and retain our highly skilled and dedicatedworkforce due to our workplace culture. We encourage our
employees to push for excellence and innovation, and we reward
and support them for giving their best.

NEWSWEEK — AMERICA’S GREATESTWORKPLACES AWARDS
In 2023, we were recognized as one of America’s Greatest
Workplaces for Diversity, for Job Starters/Young Professionals
and for Parents and Families by Newsweek. These awards reflect
the opportunities, support and growth potential that we provide
to our employees.

EMPLOYEE ENGAGEMENT
We measure our employees’ engagement by our voluntary
attrition rate and our annual Employee Ethical Culture Survey.
We use this important feedback to continuously improve andfoster a supportive environment where our employees feel
their contributions are valued.

IN OUR 2023 EMPLOYEE ETHICAL CULTURE SURVEY

VOLUNTARY ATTRITION RATE IN 2023

94.6%

95.9%

3.3%

Say Broadcom is a

Say they are proud to

Our global voluntary attrition rate in 2023 (which does not

great place to work

work at Broadcom

include employees who left as a result of restructuring,
divestitures or involuntary terminations) was 3.3%, which is below
the technology industry benchmark (AON, 2023 Salary Increase
and Turnover Study — Second Edition, September 2023).

20

2023 ESG REPORTLETTER FROM OUR CEO

WORKFORCE SNAPSHOTESG AT BROADCOMENVIRONMENTAL SUSTAINABILITYWORKFORCE

SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYGLOBAL WORKFORCE BY LOCATION*

GOVERNANCECOMMUNITIES21

APPENDICES

U.S. WORKFORCE BY RACE/ETHNICITY*EMPLOYEESAt the end of 2023, Broadcom had

PEOPLE MANAGERS

more than 20,000 employees in 29

U.S.

51.5%

countries around the world.

Canada and Latin America

2.6%

3.6%

3.0%

Our EEO-1 report for our employees in

EMEA

11.8%

1.6%

0.8%

the U.S. can be found on our external

Asia-Pacific

17.7%

1.1%

0.6%

Corporate Citizenship webpage.

India

16.4%

0.3%

0.2%

0.2%

0.2%

5.8%

4.4%

46.6%

39.5%

40.8%

R&D EMPLOYEESMaleGLOBAL WORKFORCE BY GENDER*

FemaleNON–R&D EMPLOYEES

5.5%

6.5%
36.1%

EMPLOYEES

2.0%

PEOPLE MANAGERS

20.6%

0.7%
0.1%
0.2%

66.5%

6.4%
2.9%

0.8%
14.2%

51.3%

1.8%
15.0%

0.7%
0.2%

54.6%

79.4%

85.7%

White/Caucasian
Asian

R&D EMPLOYEESNON–R&D EMPLOYEESOther/Not Declared
Hispanic/Latinx

13.2%Black/African American
33.8%

Two or More
American Indian/Alaska Native
Native Hawaiian/Pacific Islander

86.8%

66.2%

This data represents our workforce at the end of our fiscal year 2023, prior to the closing of our acquisition of
VMware on November 22, 2023.
*

2023 ESG REPORTLETTER FROM OUR CEO

ESG AT BROADCOMENVIRONMENTAL SUSTAINABILITYWORKFORCE

SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYGOVERNANCECOMMUNITIESAPPENDICESDIVERSITY, EQUITY AND INCLUSION

DIVERSITY@BROADCOM LEADERSHIP TALKSPOWER OF STORIES

Broadcom is a global company that employs people of many different

Through our Diversity@Broadcom initiative, we host

Broadcom encourages our employees tonationalities, ethnicities, cultures, abilities, backgrounds, faiths and beliefs. We

Leadership Talks featuring Broadcom executives and othershare their experiences and stories.

recognize that our strength is in our diverse workforce. Our goal is to create aindustry and community leaders. The Leadership Talks

welcoming and inclusive workplace, which empowers our employees and fosters

provide a forum for leaders and our employees to share their

Our Broadcom team in India hosted ana culture of innovation.

experiences and discuss leadership and DEI within Broadcom
and our communities.

“Ode to a Woman” event in 2023 forwomen to share their experiences. With thegoal of encouraging and inspiring others,

In recognition of

female employees came forward to talkBlack History Monthabout their experiences overcoming biases

Our Diversity@Broadcom initiative encourages a diverse, equitable and inclusive

in February 2023,

and the people who supported them oncommunity at Broadcom. This initiative is championed by the ESG Steering

we invited Bervintheir journey.

Committee’s Diversity, Equity and Inclusion (DEI) Working Group and the DEI

Harris, Co-founder,

Steering Committee which includes several of our general managers who lead

President and CEO of

our business units.

the Renaissance Youth

DIVERSITY@BROADCOM

Center (RYC) in theSouth Bronx, New YorkLEAN IN CIRCLES

City to speak about
Broadcom Foundation’s

We are proud to continue to support ourpartnership with RYC.

Lean In Circles that were launched in 2021.
Lean In Circles are voluntary, employee-

Through theled groups that provide our employees

Broadcom Coding with

with peer mentorship and a safe space

Commitment® program,where they can share their experiences,

RYC combines science,build new skills and lead.

engineering, technology
and math (STEM)

One of our Lean In Circles is ourlearning with

Fort Collins Women in Tech group.

digital literacy toThis group focuses on personal andeducate and empower

professional development, leadershipthe community’s youth.

skills, business practices, community
STEM outreach and career opportunities

Mr. Harris spoke to our employees about RYC’s history andfor women in technical roles. In 2023, this group spent time volunteering togoals and provided a virtual tour of RYC’s facilities. Mr. Harris

introduce and promote engineering and technology to young women, including

also shared how RYC encourages the community’s youth to

the Harmony Technology Camp, Engineering Week at local elementary schools

achieve their educational goals through music, STEM, teamand Introduce a Girl to Engineering at Colorado State University.

building and civic engagement.

222023 ESG REPORTLETTER FROM OUR CEO

ESG AT BROADCOMENVIRONMENTAL SUSTAINABILITYWORKFORCE

SUPPLY CHAIN

M&A

ACQUISITION OF VMWARE

Over the past ten years, Broadcom has acquired

After we announced signing an agreement tolarge companies and complex businesses. With eachacquire VMware on May 26, 2022, we regularly

acquisition, Broadcom has shown experience andshared with VMware employees what it is likeunderstanding when integrating workforces from ourworking at Broadcom, including our values andacquired companies and businesses.

culture of supporting our employees, communities

Our CEO personally leads our integration planningand customers.

efforts and is responsible for the successful integration

Under the leadership of our CEO, we spent a lotof our acquisitions. Our executives from many differentof time learning about VMware and its employees,

groups, such as Human Resources, Finance, Legal,

culture, communities and business, and took

Global Technology Organization, Global Operations

a thoughtful and comprehensive approach inand Workplace Services, work closely with our CEO toplanning our integration.

ensure there is a smooth and efficient transition upon
the closing of our acquisitions.
We are proud that many talented employees from ouracquisitions, including LSI, Broadcom Corporation,
Brocade, CA Technologies, Symantec Enterprise
Security and VMware, continue to work at Broadcom.
We provide employees who decide to join us withtrainings and assistance so that they can quickly
integrate into Broadcom and be part of the Broadcom
team from “day one.” We also look for ways tocreate professional opportunities and growth forthese employees.
Many leaders from our acquired companies andbusinesses join Broadcom upon the closing of theacquisitions. These leaders play an important roleensuring employee morale is maintained and attritionis limited. Currently, 68% of our executives and generalmanagers who lead business units within Broadcom
joined us through acquisitions.

On November 22, 2023, we successfully completed
our acquisition of VMware — the largest M&A
transaction in the technology industry to date.
Our CEO, who encourages us to be open andtransparent, met with VMware employees shortly
after we completed our acquisition to personallywelcome them to Broadcom.
We are excited to bring together our engineeringfirst, innovation-centric teams to build the world’s
leading infrastructure technology company.

CYBERSECURITY AND DATA PRIVACYGOVERNANCECOMMUNITIESAPPENDICES

23

2023 ESG REPORTLETTER FROM OUR CEO

ESG AT BROADCOMENVIRONMENTAL SUSTAINABILITYWORKFORCE

SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYGOVERNANCECOMMUNITIESAPPENDICESHIRING
We strive to recruit and hire diverse candidates and advance qualified women, minorities, veteransand individuals with disabilities. We are continuing our efforts to build a diverse pipeline of
Broadcom employees through our STEM education programs and scholarships.

STEM PIPELINEAt the end of 2023, approximately 64% of our employees worldwide were in R&D roles. It is important
to Broadcom that we improve the representation of women and individuals from underrepresented
communities in technical roles in our pipeline of candidates.
We partner with Broadcom Foundation, a non-profit organization established and funded from oursubsidiary Broadcom Corporation in 2009, to advance STEM education and promote digital literacy
for women and underrepresented youth.
We and Broadcom Foundation work to cultivate interest in STEM, provide equitable access to STEM
pathways and prepare students to be college- and career-ready to succeed in STEM fields as theengineers, scientists and innovators of tomorrow.
Broadcom Foundation made a four-year commitment to support a STEMNext Opportunity Fellow
for two years at the Executive Office of Science and Technology Policy and two years at the U.S.
Department of Labor. The Fellows use their knowledge, skills and expertise to advance DEI andaccess to STEM education and workforce development.
With annual grants of over $4.5 million, Broadcom Foundation supports regional, national andinternational science fairs, as well as code clubs and after/out-of-school programs for underserved
middle school students. Our employees volunteer their time to mentor code clubs, judge science faircompetitions and participate in Broadcom Foundation sponsored STEM education programs.

INCLUSIVE LEADERSHIP
We created Inclusive Leadership toolkits to provide our leaders with practical guidance andresources and to raise awareness of DEI issues, such as unconscious bias, in recruiting, hiring,onboarding and retention. By integrating these toolkits into our operational framework, we are

STEM SCHOLARSHIPSIn 2023, we continued to provide scholarships to electrical engineering and computer science
students. We provided scholarships to students at San Jose State University, Colorado State
University and Pennsylvania State University, all of which are located near some of our larger

taking steps to create a workplace that welcomes and encourages diversity and inclusivity.
We also provide one-on-one training to leaders and hold sessions with executives to discuss the
successes and challenges they are seeing in their organizations and to promote best practices toensure ongoing success.

Broadcom locations in the U.S. We also sponsored scholarships with the National Action Council

In 2023, we provided inclusion training for all second-level managers in our Global Operations teamfor Minorities in Engineering (NACME). Through these scholarships, we hope to increase diversity inin Penang, Malaysia. This training was designed to educate leaders on recognizing and mitigating

STEM to create a more diverse and inclusive workforce in the semiconductor and software industries.

unconscious biases, fostering an inclusive workplace culture and enhancing decision-making processes.

242023 ESG REPORTLETTER FROM OUR CEO

ESG AT BROADCOM

Compensation
and Benefits

ENVIRONMENTAL SUSTAINABILITYWORKFORCE

SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYGOVERNANCECOMMUNITIESAPPENDICESBENEFITS, HEALTH AND WELL-BEING

PAY EQUITY IN 2023

The health and well-being of our employees is important to Broadcom.

As part of our effort to ensure employee equality and pay equity, we

We offer a range of benefits to our employees beyond the traditional

engage a third-party firm to conduct an annual pay equity evaluation

healthcare benefits and insurance.

focusing on subsets of our global population, including U.S. employees.

Our U.S. benefits include:

After accounting for factors such as job and location, our 2023

Broadcom’s success depends on its

evaluation confirmed that, on average, pay was equitable forcontinued ability to attract, motivate andemployees in the same job doing the same work when comparing

retain our workforce. Competition for

women to men globally and when comparing Asian, Black/African

talented employees is significant in many

American or Hispanic/Latinx employees to White/Caucasian

locations where we operate, such as Silicon

Employee Assistance

Paid parental leave, including

Valley and Asia.

Programs, including mental

maternity, paternity andhealth services

adoption leave

As a result, we provide competitive

SUPPORTING HUMAN RIGHTS

compensation and benefits programs to ouremployees, including performance-based

Our employment practices and policies support the fundamental humancompensation (such as our annual cash
bonus program, sales incentive plans andspot bonuses) and equity awards.
Broadcom distinguishes itself from its peerrights principles of freely chosen employment, non-discrimination, theCharitable donation

Employee Stockelimination of forced and underage labor, and the rights of workers tomatching program

Purchase Plan

engage in peaceful assembly, organize, freely associate and bargain
collectively, as articulated in the International Labour Organizationcompanies because a vast majority of ourConventions.

employees receive equity awards that vest

Our Human Rights Principles reflect our commitment to respecting humanover time. We want our employees to sharein Broadcom’s success.
We believe that equity compensation aligns
the interest of our employees with ourrights and avoiding complicity in any human rights abuse throughout our
Medical coverage for genderCompany paidtransition carelife insurance

Fertility benefits

Adoption assistance

Retirement planning

Bereavement leave

stockholders, is a key factor in recruiting
and retaining top talent, and assists in the
successful and rapid integration of
our employees who join Broadcom
through acquisitions.

employees in the U.S.

company, operations, supply chain and communities.

25

2023 ESG REPORTLETTER FROM OUR CEO

ESG AT BROADCOMENVIRONMENTAL SUSTAINABILITYWORKFORCE

Development andFeedback

SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYGOVERNANCECOMMUNITIESAPPENDICESTECHNICAL TRAINING AND CAREER DEVELOPMENT
We are proud to work with regional stakeholders near our largest manufacturing facilities, includingin Fort Collins, Colorado and Lehigh Valley, Pennsylvania, to train, educate and provide career
opportunities for students and to promote careers in semiconductor manufacturing and research.
Our Fort Collins manufacturing facility equipment team launched the Technical Group Support (TGS)TRAINING

program, an in-house training and development program that provides employees with a clear, defined

We encourage our employees to continuously learn new skills and to strengthen their existing ones.
We provide structured, job-specific technical training and testing for our manufacturing and operational
employees. We also provide numerous technical product trainings to our sales personnel.

path to become an equipment technician. The 10-year tenure of the TGS program has been extremely
beneficial to employee growth, development and retention, and has provided a pipeline of equipment
technicians that are in high demand.

All of our employees (including part-time employees) and contractors are required to complete

I AM ENJOYING THIS POSITION AND THE ADDITIONAL TRAINING THE COMPANY HAS

trainings that support Broadcom’s values and culture, such as our Code of Ethics and Business Conduct,

PROVIDED. WHAT STARTED OUT AS A JOB, HAS TRANSITIONED INTO A FULFILLING

harassment prevention, cybersecurity and data privacy, human rights, anti-corruption and anti-trust.

CAREER WITH A COMPANY THAT VALUES HARD WORK AND DEDICATION IN THEIREMPLOYEES. I APPRECIATE THE WAY THE COMPANY CONTINUES TO RECOGNIZE MY
HARD WORK!

135,000+

In 2023, our employees and contractors

ASSIGNED LEARNINGHOURS IN 2023

learning hours, including over 65,000 assigned

completed a total of over 135,000 assigned
learning hours of technical training.

FEEDBACKEDUCATIONAL ASSISTANCE PROGRAM

Our managers have multiple opportunities

Our Educational Assistance Program isthroughout the year to provide performance

available to all employees (including part-

feedback to their team members, includingtime employees) and provides them withfeedback on career progression and skill

financial assistance to take academic classes

development. Our reviews and decisions onor relevant degree programs that provide

salaries, bonuses, equity award grants andthem with knowledge and skills to enhancepromotions intentionally occur in different

their job performance. In 2023, we reimbursed

quarters throughout the year. At each of

employees approximately $360,000 in tuition

those times, managers are required to

expenses under this program.

evaluate their team members’ performanceand provide them feedback.

— TGS PROGRAM GRADUATE

26

2023 ESG REPORTLETTER FROM OUR CEO

ESG AT BROADCOMENVIRONMENTAL SUSTAINABILITYWORKFORCE

Employee Health and Safety

SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYGOVERNANCECOMMUNITIES27

APPENDICESWORKPLACE HEALTH WITH ERGONOMICS
We provide ergonomics training, guides and individual ergonomic assessments at our offices, laboratories
and manufacturing facilities. We are proud of our global ergonomic self-assessment and e-training

Maintaining a safe and healthy work environment is important for the well-being of our employees.
We strive to design and implement safe work processes that eliminate hazards and reduce
occupational health and safety (OHS) risks in our operations.

EHS MANAGEMENT SYSTEM
Our Environment, Health and Safety (EHS) management system and processes apply to all of our facilities
globally, and we maintain ISO 14001 certification at certain sites. To drive EHS compliance acrossBroadcom facilities, we assign site coordinators and develop and implement site-specific EHS Complianceprogram, which allows our workforce to proactively adjust their workstations in real-time to prevent
ergonomic-related injuries. An ergonomist also works with employees to further reduce ergonomic risk
factors through workstation redesign, behavioral changes and/or new equipment if needed.

HEALTH AND SAFETY PERFORMANCE
We have standard processes for reporting occupational injuries and illnesses so global rates are consistently
managed and tracked. Once an occupational injury or illness is reported, we conduct an incident investigation
and root cause analysis, as needed, to determine appropriate corrective and preventive actions.

Plans that consider local OHS risks in our operations, the environment and legal requirements. EHS

Our semiconductor manufacturing and laboratory operations represent our primary health and safety

Compliance Plan implementation is tracked and regularly reported to senior management.

risks, due to higher potential exposure to chemicals and equipment-related hazards at such sites.

Our Occupational Health and Safety Policy is aligned with international and Singapore OHS

Continued focus on managing and reducing OHS risks has helped us maintain U.S. occupational injury

management system standards (ISO 45001:2018 and SS 651:2019).

and illness lost-time case rates significantly below the U.S. Bureau of Labor Statistics occupational
injury and illness incidence rate averages for the semiconductor, computer system design and software

COMMUNICATION AND TRAINING

publishing industries in which we operate over the last five years.
In 2023, our global total injury and illness case rate was 0.11 cases per 100 employees, and our global lost

Our EHS intranet site provides information to our employees, including emergency action

workday case rate was 0.04 cases per 100 employees. There were no work-related fatalities globally in 2023.

plans, work-related injury reporting systems, EHS Compliance Plans and other EHS programs,
procedures and guidelines. We also provide self-paced online EHS training courses to help our
employees understand their responsibilities and the resources available to them.
EMPLOYEE HEALTH AND SAFETY PERFORMANCE

ON-SITE HEALTH CLINIC
2023

2022

2021

Global lost workday case rate

0.04

0.06

0.05

Global total injury and illness case rate

0.11

0.12

0.11

0

0

0

Our Fort Collins facility partners with UCHealth to provide our employees and contractors with accessto medical care through an on-site health clinic. The clinic is open during hours that overlap with all
employee shifts and is staffed by a physician assistant and a medical assistant.
The clinic provides a range of services such as workers’ compensation injury/illness evaluation,
treatment and medical surveillance, medical consultation and COVID-19 mitigation, as well as personal
primary care such as immunizations, blood draws, rapid diagnostic testing and drop-in vital sign
measurements. In 2023, the clinic provided services to more than 1,200 employees and contractors.

Global fatalities2023 ESG REPORTLETTER FROM OUR CEO

ESG AT BROADCOMENVIRONMENTAL SUSTAINABILITYWORKFORCE

SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYGOVERNANCECOMMUNITIESAPPENDICES

Supply Chain
We are committed to supporting ethical business conduct, respecting human rights and responsibly

Broadcom is a member of the Responsible Business Alliance (RBA). We are committed tosourcing materials throughout our global supply chain.

upholding RBA’s vision of a global electronics industry that creates sustainable value for

Our Supplier Environmental and Social Responsibility Code of Conduct (Supplier Code), which reflects

workers, the environment and business.

the Responsible Business Alliance’s Code of Conduct, is the foundation of our responsible sourcing

As a member of RBA, we leverage RBA’s tools in our supplier assessment program, including

practices. Our Supplier Code, along with our contract and purchase order terms, establishes ourtheir Self-Assessment Questionnaires (SAQs) and Validated Assessment Program (VAP).

expectations regarding workplace standards and business practices for our suppliers — including withrespect to labor and human rights, health and safety, environmental sustainability and anti-corruption.

In 2023, we completed RBA’s Corporate SAQ and scored a 92% — which qualifies as Low Risk.

SUPPLIER HUMAN RIGHTS

SUPPLIER HUMAN

IMPACT ASSESSMENT

ENGAGEMENTRIGHTS AUDITS

Our commitment to respecting

We conduct an annual Human

We conduct supplier human

We regularly audit our

We offer human rights

We disclose our human rights

human rights is in our Human

Rights Impact Assessment

rights surveys and assessments

suppliers on human rights

awareness and forced labor

related activities in our ESG Report

Rights Principles, Code of Ethics

to ensure our human rights

on an annual basis and whenissues, including interviews

prevention trainings to ourand our Statement Against Modern

and Business Conduct, Supplier

program efforts are focusedonboarding suppliers. We usewith workers and establish

suppliers and our employees

Slavery and Human Trafficking.

Code and Conflict Minerals Policy

on our most salient humana third-party tool to monitor

remediation plans withWe also communicate with ourrights impact areas

our suppliers for emerging

suppliers

suppliers through annual letters,

human rights issues

HUMAN RIGHTS TRAINING

HUMAN RIGHTSSALIENT HUMAN RIGHTSHUMAN RIGHTS POLICIESCOMMUNICATIONS

trainings and certifications

28

2023 ESG REPORTLETTER FROM OUR CEO

ESG AT BROADCOMENVIRONMENTAL SUSTAINABILITYHUMAN RIGHTS IN OUR SUPPLY CHAIN
Human Rights Policies
Our Human Rights Principles reflect our commitment to respecting

WORKFORCE

SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYGOVERNANCECOMMUNITIESAPPENDICES

Salient Human Rights Impact Assessment
As part of our ongoing commitment to respect human rights, Broadcom conducts an annual salient Human Rights Impact
Assessment (HRIA) to identify the most salient areas of human rights that could affect our supply chain. By performing anannual review of this assessment, we maintain a dynamic and responsive approach, continually adapting to emerging challenges.

human rights and avoiding complicity in any human rights
abuse throughout our company, operations, supply chain andcommunities.
Our employment and supply chain practices and policies, including
our Supplier Code, support the fundamental human rights
principles of freely chosen employment, non-discrimination, theelimination of forced and underage labor, and the rights of workers

HRIA Methodology
Our HRIA involves a comprehensive evaluation. We closely examine potential impacts and vulnerabilities within our operations
and supply chain operations. This ensures our adherence to international human rights standards, such as the UN Guiding
Principles on Business and Human Rights and ILO Conventions, and enables us to proactively address and mitigate any risks.

to engage in peaceful assembly, organize, freely associate andbargain collectively, as articulated in the International Labour
Organization (ILO) Conventions.
Respecting human rights, particularly the rights of people in

Our HRIA methodology involves the following key steps:

vulnerable communities (women, children and migrant workers)
is a shared responsibility, and we strive to align our approach andactions with the UN Guiding Principles on Business and Human
Rights and ILO Conventions. We expect our suppliers to also
respect internationally recognized human rights.

RESEARCH AND BENCHMARKCOLLABORATE AND SURVEYASSESS AND DISCLOSE• Stakeholder Concerns: Identify• Stakeholder Engagement: Conduct• Identification: Assess and identify

potential human rights concerns

interviews and/or surveys with key

the most salient human rights areas

impacting a diverse range ofinternal stakeholders across an arraystakeholders, including employees,of functions

suppliers, customers and local
communities• Integrating Data: Synthesize any
findings from internal or external• Peer Benchmarking: Compare our

audits, risk assessments, hotline

policies, practices and operations

reports, third-party reporting andwith those of industry peers andexternal stakeholder engagements

leading companies in similar sectors• Reporting and Transparency:
Document findings and disclose
list of salient human rights risks inannual ESG report292023 ESG REPORTLETTER FROM OUR CEO

ESG AT BROADCOMENVIRONMENTAL SUSTAINABILITYWORKFORCE

SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYGOVERNANCECOMMUNITIESAPPENDICES

Based on the results of our 2023 HRIA, we determined our salient human rights focus

To mitigate the risks associated with our most salient human rights areas, we employ aareas that are in our supply chain, and accordingly that is where we plan to continue

multifaceted approach with our suppliers to communicate our expectations, check that

focusing our efforts.

they are meeting them and provide them the tools they need to continuously improve.

FREEDOM OF
ASSOCIATIONAND COLLECTIVEBARGAININGONBOARDING
We screen all new
suppliers for humanrights concerns

FORCEDLABOR

SAFE ANDHEALTHY WORKING
CONDITIONSHUMAN RIGHTSTRAINING
We offer human rights
awareness and forcedlabor prevention training
to our suppliers

SURVEYS
We identify and survey
our significant suppliers
globally

YOUNG
WORKERSOUR SUPPLYCHAIN SALIENT
HUMAN RIGHTS
FOCUS AREAS
ACCURATE WORKER
AGREEMENTS

WORKING HOURSAND REST DAYSFAIR WAGESWORKERDISCIPLINARY
PRACTICESCOMMUNICATION
We regularly
communicate our
expectations to our
suppliers, including
through our annual
supplier expectations
letter

SUPPLIER
HUMAN RIGHTSENGAGEMENTGRIEVANCE MECHANISM
We provide anonymous grievancemechanism (hotline) to allow
workers to report human rights
violations confidentially

CERTIFICATIONS
We require adherence
to our Supplier Codethrough certifications andcontract terms

AUDITS
We regularly audit
our suppliers302023 ESG REPORTLETTER FROM OUR CEO

ESG AT BROADCOMENVIRONMENTAL SUSTAINABILITYWORKFORCE

SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYGOVERNANCECOMMUNITIESAPPENDICES

Supplier Human Rights Surveys

Supplier Human Rights Audits

All new suppliers are surveyed and screened for potential human rights issues as part of our

Our Global Operations and Internal Audit teams regularly audit our suppliers’ operations andonboarding process. In addition, on an annual basis, we identify and survey our significant

compliance with various Broadcom and human rights-related requirements. We review wage andsuppliers globally (that were not part of our recent prior surveys) for human rights-relatedhour labor laws, working conditions, employment agreements and recruitment fee payments. In

issues. The suppliers surveyed since 2020 collectively represent over 99.9% of our supply

addition, we leverage RBA’s VAP to expand the reach of our supply chain audit efforts. The RBA

chain (based on our 2023 supplier spend).

audits are onsite assessments carried out by independent, third-party firms specially trained in social

We found no instances of forced labor, child labor, slavery or human trafficking among
Broadcom’s suppliers through this survey process. However, we have identified suppliers
that we can support in developing more robust human rights programs, policies and/or
training. We have been engaging with those suppliers to provide them with resources andaccess to trainings.

and environmental auditing and the VAP protocol. Auditors review compliance with all standards of
the RBA Code of Conduct, including labor, health and safety, environment, ethics and management
systems. There were no instances of forced labor, child labor, slavery or human trafficking findings inthese audits. However, for certain suppliers, some areas of improvement were noted and corrective
action plans were put in place.

All surveyed suppliers, as well as certain categories of new suppliers, are placed in ourthird-party continuous monitoring program to alert us to emerging human rights issues
that might arise with the suppliers.

BROADCOM’S SUPPLIERS (BY 2023 SPEND)
71% OF
have been audited for human rights (either directly by
Broadcom or through RBA’s VAP) in the past 2 years

Human Rights Training
As part of our ongoing efforts to educate and raiseawareness of forced labor and human trafficking
issues, we offer our employees and suppliers humanrights awareness and forced labor prevention training.
We maintain internal accountability standards andprocedures for employees or contractors failing to meetcompany standards regarding slavery and trafficking.

312023 ESG REPORTLETTER FROM OUR CEO

ESG AT BROADCOMENVIRONMENTAL SUSTAINABILITYWORKFORCE

SUPPLY CHAINRESPONSIBLE MINERALS SOURCING

SUPPLIER DIVERSITY

We are committed to socially responsible sourcing of

We seek to source goods and services

conflict minerals (cassiterite, columbite-tantalite, gold,

from minority-owned, woman-owned,

wolframite, and/or their derivatives tin, tantalum andhistorically underutilized businesses,

tungsten) that are included in our products. We also

veteran-owned, service-disabled veteran-strongly support our industry’s efforts to expand theowned, small and disadvantaged

smelter certification program and the audit process,businesses that are able to provide

including expanding these efforts to include cobalt.

quality goods and services in a timely

We are a member of the Responsible

and competitive manner.

Minerals Initiative (RMI), andTo support this program, we provide

leverage RMI’s resources to conduct

relevant employees with training on

our conflict minerals supply chain

supplier diversity and integrate supplierdue diligence, including using RMI’s

diversity considerations into our supplier

database of suppliers that are listed

onboarding process.

on the Responsible Minerals Assurance Process (RMAP)
Conformant Smelter List. Because we outsource mostof our manufacturing, we do not typically have a direct
relationship with the smelters or refiners (SORs).
In 2022, 95% (237 out of 250) of the active SORs
potentially in our supply chain were certified “conflictfree” under the RMAP audit process. This high levelof conformance is due to our on-going efforts to
identify conflict minerals risks in our supply chain
and encourage our suppliers to purchase materials
only from SORs that are certified as “conflict free” incompliance with RMAP protocols.
For more information, see our Conflict Minerals Policy
and 2022 Conflict Minerals Report.

CYBERSECURITY AND DATA PRIVACYGOVERNANCECOMMUNITIESAPPENDICES

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Cybersecurity
and Data
Privacy

ENVIRONMENTAL SUSTAINABILITYWORKFORCE

SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYGOVERNANCECOMMUNITIESAPPENDICESCULTURE OF CYBERSECURITY
AND DATA PRIVACY
Due to an increase in high-profile cyberattacks
globally and to ensure the data security and privacyof our employees, customers and other stakeholders,
we strive to continuously enhance our employees’
awareness and knowledge of security and privacy
issues and create a culture of cybersecurity andprivacy by:• Conducting quarterly email phishing simulations• Providing crucial cybersecurity self-defense skills• Requiring all of our employees to complete regular
data security and privacy awareness trainings thatcover cybersecurity, phishing, data protection andprivacy topics

At Broadcom, cybersecurity and data

• Running a National Cybersecurity Awareness Monthprivacy are critical to protecting ourcampaign in October, including providing additionalcustomers, employees and company andguidance and resources (such as real-life phishing

the broader digital ecosystem.

examples and best practices in cybersecurity andUpdates on cybersecurity and data privacy
risks and initiatives are provided to our
Audit Committee on a quarterly basis by
our Chief Information Officer. Our Board
also receives updates on a quarterly basis
from the Chair of the Audit Committee.

privacy, and delivering targeted training totop executives)• Conducting annually a cybersecurity tabletop
exercise for our employees responsible fordata security33

2023 ESG REPORTLETTER FROM OUR CEO

ESG AT BROADCOMJOINT CYBER DEFENSE COLLABORATIVEENVIRONMENTAL SUSTAINABILITYWORKFORCE

SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYSAFEGUARDING OUR NATIONALCYBER INFRASTRUCTURE

GOVERNANCECOMMUNITIESAPPENDICESENSURING EFFECTIVENESS (ISO/IEC 27001)

Broadcom is a member of the Joint Cyber Defense

As a part of our own enterprise security program, weCollaborative (JCDC), a joint collaboration between U.S.

maintain a comprehensive portfolio of information security

federal agencies and the private sector to strengthen U.S.
cyber defenses. As a member of the JCDC, we are proud tohelp lead the development of cyber defense plans to protect
against cyber activity targeting U.S. critical infrastructure.
The U.S. Department of Homeland Security recognized
Broadcom in 2022 for its contributions to the mission of the
JCDC, including providing the JCDC with unique intelligencethat alerted other national governments to the presenceof cyber threat actors on their networks. Actionable
intelligence shared by Broadcom with government partners
has also been credited with thwarting ransomware and othermalicious attacks on critical infrastructure.

Hock Tan, our CEO, is a presidentiallyappointed member of the U.S. National Security
Telecommunications Advisory Committee (NSTAC).
Mr. Tan co-chaired the NSTAC subcommittee that
conducted a study on the abuse of domestic
infrastructure by foreign malicious actors andproduced a report that provided recommendationsfor key participants in the internet ecosystem.

management system policies designed around the ISO/IEC
27001 standards.
We maintain an ISO 27001:2013 certification for the
Customer Support infrastructure of our software
businesses and an ISO 27001:2017 certification for the IT
infrastructures and services used to support our recently
acquired VMware Cloud services.
Our cloud-based Software-as-a-Service solutions also
undergo routine audits for compliance with applicablesecurity-controls standards such as the American Instituteof CPAs’ Trust Services Criteria for Security, Availability,
Processing Integrity, Confidentiality and Privacy (SOC 2)
and the Payment Card Industry Data Security Standard

PROTECTING OUR COMMUNITIESOur Symantec cybersecurity solutions strengthen the
defenses of global institutions against organized crime
syndicates operating online. In addition to providing thelatest technical countermeasures against cyber threats,
we frequently collaborate with law enforcement agencies
and other partners around the world to help neutralize(PCI-DSS).
We conduct third-party penetration testing of our corporate
and customer-facing networks at least annually androutinely scan servers, applications, endpoints and network
devices for vulnerabilities. All issues identified as critical,
high or medium risks are remediated in a timely manner.
In addition, we are actively involved in the internationaltransnational cyber threats.

and professional communities and organizations that

Our technical expertise and unique visibility into

more secure and more privacy-friendly space, such as thethreat actors’ tactics have helped authorities break up
cyber-crime networks and successfully prosecute or
disrupt criminal offenders worldwide, including actors
responsible for prolific Trojans, ransomware, distributeddenial-of-service campaigns and crypto-mining hijacks.

design standards to make the digital ecosystem a safer,
United Nations International Telecommunication Union,
the Institute of Electrical and Electronics Engineers,
the Internet Engineering Task Force, and the European
Telecommunications Standards Institute.

342023 ESG REPORTLETTER FROM OUR CEO

ESG AT BROADCOMENVIRONMENTAL SUSTAINABILITYWORKFORCE

SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYPROTECTING OUR CUSTOMERSPROTECTING OUR COMPANY

We strive to incorporate cybersecurity and privacy into theWe have a dedicated privacy group that reports to the Chieffull lifecycle of our products and to be transparent with our

Legal and Corporate Affairs Officer and oversees all aspects

customers and other stakeholders about our cybersecurityof our corporate privacy program. We also have an internaland privacy policies and practices.

privacy working group that consists of global, cross-functional

Our Secure Software Development Policy mandates the useof security- and privacy-by-design principles throughout thesoftware development lifecycle. This enables us to improvecoordinated approach to various privacy challenges.

maintain accurate information as our products evolve and to

emergence to resolution, including data subject access

improve the speed of our public disclosures as part of ourrequests, data processor risk management, privacy impact

regular transparency efforts.

assessments, records of processing activities, incident response

Order 14028 (Improving the Nation’s Cybersecurity) relating
to the use of secure development practices identified in the
National Institute of Standards and Technology’s Special
Publication 800-218.
We also assess the compliance of our products andprocesses with new and pending laws such as the EU
Digital Operational Resilience Act and the California Privacy
Rights Act to ensure our readiness to meet our complianceobligations and our ability to offer sound and compliant
solutions to our customers.
Our Privacy and Data Protection Portal on our website
includes our privacy policies, standard contractual clauses
for international data transfers and product-specifictransparency statements that disclose categories of datacollection and processing, the identities and locations of
sub-processors and privacy-enhancing product features.

APPENDICES

other business units and works to promote a uniform andWe log and track cybersecurity and privacy matters fromfederal government software vendors contained in Executive

COMMUNITIES

employees in the Global Technology Organization, Legal andthe privacy-enhancing capabilities of our products, toBroadcom is on track to meet the requirements for U.S.

GOVERNANCE

activities and other privacy compliance issues. We also actively
engage in matters related to data governance by responding toregulatory consultations and providing public policy feedback
based on our real-life experiences across the regions where we
do business.
Our vendor risk management practices includes enhanced
security and privacy reviews to ensure personal and otherconfidential data that our employees and customers entrust
us with are handled to the highest standards by ourservice providers.
We strengthen our culture of cybersecurity andprivacy through our annual tabletop exercise. The
tabletop exercise consists of an extensive, realistic
scenario for our employees responsible for ourdata security to stress-test our incident-response
procedures and response time. After our tabletop
exercise, we review and make applicable updates
to our incident response policy to ensure that we
continue to effectively address cybersecurity threats
as we and our products evolve in a fast-changing
geopolitical environment.

35

OUR CEO BROADCOM
ESG AT BROADCOMENVIRONMENTALSUSTAINABILITY
HOME
2023
ESG REPORTLETTER FROM OURLETTERCEO FROMABOUTESG GOVERNANCE
2023
ESG PRIORITIESWORKFORCE
UN SDGS

SUPPLYCHAIN
CYBERSECURITY ANDCONNECTEDDATA PRIVACY BY BROADCOM
GOVERNANCESTAKEHOLDERENGAGEMENT

Governance

BOARD GOVERNANCE*

We are committed to conducting business

Our Board is led by Chairman of the Board Henry Samueli,

with integrity and maintaining the highest

Ph.D. and Lead Independent Director Eddy Hartenstein.

ethical standards.

Broadcom’s Board is comprised of ten members. Nine

COMMUNITIESAPPENDICESWORKFORCE
SNAPSHOTBOARD GOVERNANCE

36
GRI INDEX

BOARD DIVERSITY*

of our ten directors are independent. Three of our ten
directors are women and five of our ten directors areunderrepresented minorities pursuant to the Nasdaq
Stock Market’s listing standards.
Our Board has four standing committees: Audit
Committee, Compensation Committee, Nominating,
Environmental, Social and Governance Committee andExecutive Committee.
Our Board adopted Corporate Governance Guidelinesthat cover various topics relating to the Board and its
responsibilities, such as composition, overboarding,succession, performance evaluations and operations.
One of the Board’s responsibilities is to evaluate
Broadcom’s business risks, including risks andopportunities related to cybersecurity and climate,and enterprise risk management practices. Our senior
management team regularly reviews and discusses with
the Board these risks and enterprise risk management,
the measures in place to address these risks and theeffectiveness of those measures.

ETHNIC DIVERSITYGENDER DIVERSITYINDEPENDENCE

Underrepresented Minority 5

Female3

Independent

9

CaucasianMale

7

Not Independent1*As of February 26, 2024.

5

2023 ESG REPORTLETTER FROM OUR CEO

ESG AT BROADCOMENVIRONMENTAL SUSTAINABILITYWORKFORCE

SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYGOVERNANCEETHICS AND COMPLIANCE
The foundation of our corporate governance is our Code of Ethics and Business Conduct (Code)and Anti-Corruption Policy.

CODE OF ETHICS AND BUSINESS CONDUCTOur Code guides our employees, officers, directors and contractors on how we conduct our business andwork with each other. Our Code reflects our values, standards and expectations. Complying with the Codeis a condition of continued employment or engagement with Broadcom.
Our Chief Legal and Corporate Affairs Officer, who is our Compliance Officer, actively monitors and audits

IN OUR 2023 EMPLOYEEETHICAL CULTURE SURVEY

95.1%

Believe the Conduct, Values andCommunication of our Senior
Executives are Honest and Ethicalcompliance with our Code and policies under the direction and oversight of the Audit Committee.
Internal Audit, with our Chief Legal and Corporate Affairs Officer, reports to the Audit Committee at eachquarterly meeting regarding alleged violations of our Code and actions taken to investigate, address andremediate alleged violations.

ANTI-CORRUPTION
We prohibit our directors, officers, employees and anyone acting on our behalf from engaging in

96.3%

Are Familiar with the Efforts of the
Ethics and Compliance Team

97.9%

corruption and bribery. Our Anti-Corruption Policy is summarized in our Code, and includes rules andBelieve the Communication, Training

procedures for providing or accepting business courtesies.

and Support Provided by the Ethics

Internal Audit, with our Ethics and Compliance Team, regularly assesses our operations for corruption
risks, including conducting audits of our distributors, resellers and channel partners. Our Ethics andCompliance Team conducts anti-corruption diligence on our new suppliers, distributors and resellers
before onboarding them and on companies and businesses before we acquire them.
In addition, on a biennial basis, our Ethics and Compliance Team and Internal Audit work with an external law
or accounting firm to conduct an assessment of our anti-corruption compliance program. The results andrecommendations from this assessment are discussed with the Audit Committee and reported to the Board.

EMPLOYEE ETHICAL CULTURE SURVEY
We conduct an annual Employee Ethical Culture Survey with an external firm to better understand our
employees’ engagement in and perception of our ethics and compliance culture and to continuously
improve our ethics and compliance culture and program. The survey results are invaluable as we tailor
our ethics and compliance program for the following year based on these results.
In 2023, we again scored above the external firm’s company peer group benchmark in all categories
that were surveyed.

and Compliance Team are Effective

COMMUNITIESAPPENDICES

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2023 ESG REPORTLETTER FROM OUR CEO

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SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYGOVERNANCECOMMUNITIESAPPENDICESFOSTERING A SPEAK-UP CULTURE

ANNUAL COMPLIANCE CERTIFICATION

We have an Open Door Policy and strive to create an environment where employees

We require our employees and contractors to complete trainings that support Broadcom’s values andcan speak openly about our business practices, including ESG-related matters. We

culture, including trainings on our Code, bullying and harassment prevention, anti-corruption, protection

encourage our employees to ask questions and raise concerns. Retaliation for raisingof confidential information, data privacy and security, human rights, insider trading prevention, conflicts ofconcerns in good faith is prohibited at Broadcom.

interest and anti-competition prevention.
We also require our employees and contractors to certify that they understand and agree to abide by the

REPORTING AND INVESTIGATING CONCERNS
If our workforce becomes aware of a potential violation of our Code, other Broadcom
policies, human rights or applicable laws, it is their responsibility to report it. We provide
a number of avenues to contact our Ethics and Compliance Team, our Compliance Officer
and the Audit Committee to report concerns or potential violations.
Our Ethics and Compliance Hotline (hotline) is available via telephone and online, andemployees, contractors and anyone else can report concerns anonymously (wherepermitted by local law). Our hotline is hosted by an external firm not associated with
Broadcom and is available in all appropriate languages.
In 2023, we received hotline reports on a range of topics such as human resource matters,
conflicts of interest concerns and allegations of misconduct.
We take all concerns and allegations seriously. We address them promptly, investigate
to the extent necessary and take disciplinary actions as appropriate (which may include
senior management discussions, employee communications, trainings, process and controls
improvements and individual corrective action measures).
The Audit Committee receives information on every allegation submitted via our hotline,
as well as reports and updates on investigations that are in progress or completed.

100%of our Employees Completed our 2023 Codeof Ethics and Business Conduct Certification

applicable Broadcom policies, including our Code.

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SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYGOVERNANCECOMMUNITIESAPPENDICESEMPOWERING MANAGERS TO BE ETHICS LEADERSCOMPLIANCE TRAININGSOur Employee Ethical Culture Surveys have shown that our employees

In addition to our company-wide compliance trainings,

first go to their managers when they have ethics and compliance

we also provide our employees located in certain regions

questions or concerns. As a result, we emphasize ethical leadership andand working in certain business groups with customized

creating confidence and trust in management in our compliance culture.

in-person or online trainings on specific topics such as

To create a culture of responsibility and ethical leadership at Broadcom,
our managers receive comprehensive compliance training and tools.
The tools we equip our managers with include customized team resultsfrom our Employee Ethical Culture Survey, our Managers’ Toolkit, training

harassment, anti-corruption, anti-competition prevention
and conflicts of interest.
We also provide anti-corruption and compliance trainings
to our partners, distributors and resellers worldwide.

videos, compliance presentations and other materials that can help them

In 2023, we provided anti-corruption training to overbe compliance role models and promote a culture of compliance.

1,300 employees and contractors of our partners,
distributors and resellers.

91.7%
of our employees believe their manager
is a role model for conducting businessin compliance with our ethical standards

On an annual basis, our Ethics and Compliance Teamevaluates the compliance trainings and makes appropriate
adjustments based on feedback from our employees, hotline
data, the annual Employee Ethical Culture Survey and othercompliance trends to provide the most relevant trainings.

BROADCOM-PRODUCED COMPLIANCE TRAININGSGLOBAL COMPLIANCE AMBASSADORSOur Ethics and Compliance Team is continuously looking for ways toencourage a culture of ethical conduct and compliance. We created

To make compliance trainings more relevant andengaging for our employees, we produce our own seriesof training videos customized for Broadcom employees

our Global Compliance Ambassador Program to strengthen our

featuring a fictionalized character.

compliance culture at a local level.

Our managers are able to select and use our in-house

Designated employees in our global locations serve as local

produced compliance videos, which cover a wide variety

Compliance Ambassadors, supporting our ethics and complianceculture in their offices and regions.
Our Ethics and Compliance Team regularly updates the Compliance
Ambassadors on upcoming trainings, policy updates, survey results
and compliance developments so they can be true ambassadors of
our ethics and compliance program.

of topics, such as anti-corruption, harassment, bullying,expenses, side letters, books and records, phishing andcompetitive intelligence.

392023 ESG REPORTLETTER FROM OUR CEO

ESG AT BROADCOM

Communities

ENVIRONMENTAL SUSTAINABILITYWORKFORCE

SUPPLY CHAINCYBERSECURITY AND DATA PRIVACY

Broadcom Foundation

As part of our Connected by Broadcom

Broadcom Foundation is a non-profit organization established in 2009

mission, we engage with and support

and funded from our subsidiary Broadcom Corporation. Broadcom

the local communities where we live

Foundation’s mission is to advance equitable access to STEM

and work.

education and promote coding as a 21st Century+ skill. Broadcom

We are proud to support causes thatare important to our employees andtheir communities and to provide STEM
educational opportunities for the next
generation of engineers andcomputer scientists.

Foundation collaborates with non-governmental organizations,
universities and community non-profit organizations worldwide to
inspire and empower young people through team building, digital
literacy and project-based programs that help prepare them to enter

GOVERNANCECOMMUNITIESAPPENDICESSAN JOSE ASPIRESSan Jose Aspires provides financial awards
to high school students located in San Jose,
California who will be first-generation college
students. San Jose Aspires empowers students
in underserved neighborhoods to chart a path
towards academic success with a tailoredcurriculum, peer and professional resources and financial support.
Broadcom and Broadcom Foundation made a joint pledge in 2022 todonate $600,000 over three years to the San Jose Aspires program.

careers in STEM fields.

BROADCOM CODING WITH COMMITMENT®
Broadcom Foundation established the

EMPLOYEE GIFT MATCHING

Broadcom Coding with Commitment® program
to empower young people to use coding toThrough our employee charitable

solve problems in their communities, such as

donation matching program, in 2023, we

health, sanitation, energy, climate change andmatched over $1.4 million in donations
made by our employees to charities andnon-profit organizations around theworld, including donations to Second
Harvest Food Bank, Doctors Without
Borders, UNICEF and St. Jude Children’s
Research Hospital.

other challenges outlined in the 17 UN SDGs.
The goal is to inspire young people to “think globally and act locally.”
As part of the Broadcom Coding with Commitment® program, Broadcom
Foundation has sponsored over 50 science and engineering fairs
worldwide. Broadcom employees volunteer as judges to select a
student or student team that combines STEM knowledge with coding/
computational thinking in the research, design or development of theirproject and demonstrates a passion for helping or improving their local,
regional or global community.
Broadcom Foundation also awarded the Broadcom Coding with
Commitment® award at the 2023 Thermo Fisher Scientific JuniorInnovators Challenge (formerly known as the Broadcom Masters®)
national competition in Washington, D.C. to a student for developing asmartphone app that can identify breast, lung and skin cancer. The app
uses photos or health scans, sound clips and personal health information
to predict diagnoses.

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SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYGOVERNANCECOMMUNITIESAPPENDICESUNITED NATIONS SDG MEDIA ZONE
Broadcom Foundation hosted a panel event at the United Nations
SDG Media Zone during the 2023 United Nations General Assembly
Week to discuss the importance of digital literacy as a 21st century+
skill for workforce development.
The highlight of the event was a presentation by a fifth grader fromthe Renaissance Youth Center’s (RYC) code club in New York City’s
South Bronx whose team engineered smart glasses to assist theblind. RYC honored Broadcom Foundation and Broadcom in 2023
for our outstanding support for their code clubs and
STEM advocacy.

RASPBERRY PI CODE CLUBS
Because digital literacy is a foundational skill needed for today’s
workforce readiness, Broadcom Foundation partners with the
Raspberry Pi Foundation to offer basic coding to under-resourced
and underrepresented youth through after-school code clubs where
they learn to apply coding to solve community problems in theirneighborhoods that align with the 17 UN SDGs. Broadcom Foundationis spearheading Coding Labs and Code Clubs in the United States,
Malaysia, Mexico, India, Israel and Africa. These programs help
establish scalable models for other communities to take advantageof Raspberry Pi Foundation’s free online coding resources.

WIKI EDUCATION EXPANDS
DIVERSITY IN STEMPIONEER PROFILES

Broadcom Foundation and Wiki Education have kicked off a multi-year initiative to increase the biographies of underrepresented STEM professionals among women andpersons of color in Wikipedia. This project adds biographies of unsung STEM pioneers from underrepresented communities to the Wikipedia site to create accessible scienceand engineering role models “who look like me.” Wiki Education enlists university faculty at Historically Black Colleges and Universities, Hispanic Serving Institutions and Tribal
Colleges to assign students to research and create approved biographies as a class assignment.

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2023 ESG REPORTLETTER FROM OUR CEOEMPOWERING
FUTURES THROUGHLAPTOP DONATION

Since 2018, Broadcom has
donated almost 4,500 highquality, refurbished laptops
worldwide that give new lifeand new purpose to these
laptops. Broadcom donates
laptops to support Think
Together’s coding and robotics
afterschool STEM programs.
Through Think Together’s
partnership with Broadcom
Foundation, students also learn
basic coding skills.
This support from Broadcom andBroadcom Foundation makes
an impact on Think Together
students from kindergarten to
their senior year and beyond.

ESG AT BROADCOMENVIRONMENTAL SUSTAINABILITYWORKFORCE

SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYGOVERNANCECOMMUNITIESAPPENDICESCOOLEST PROJECTS ONLINE 2023

COOLEST PROJECTS MALAYSIA 2023

Broadcom Foundation partners with the Raspberry Pi Foundation as a lead

Since 2020, Broadcom Foundation has been funding Coolest Projects Malaysia

sponsor in Coolest Projects. Coolest Projects Online 2023 showcased the works— a competition for young people ages 18 and under to showcase and celebrateof coders of all ages worldwide. The showcase was live streamed in June 2023

their ideas created with technology. The competition in 2023 featured fourand celebrated the participants and their amazing projects. Our engineers helped

project categories in Scratch, Hardware, Games and Web. Our Penang employees

judge some of the over four thousand online project submissions and selected thevolunteered as judges and supporters of the remarkable projects submitted byrecipient of the Broadcom Coding with Commitment® award.

these young innovators.

422023 ESG REPORTLETTER FROM OUR CEO

ESG AT BROADCOM

Connected
by Broadcom
in India

ENVIRONMENTAL SUSTAINABILITYWORKFORCE

SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYGOVERNANCECOMMUNITIESAPPENDICESSCHOLARSHIP PROGRAM

CREATIVITY CAMPUS AND SCIENCE CENTERS

GENDHERWe partner with VIDYA, whose mission is toThrough Agastya International Foundation, we

We are proud to continue our sponsorship of theempower and transform lives through education.

sponsor initiatives that spark curiosity through

United Way of Bengaluru’s GENDHER program to

VIDYA focuses on literacy, academic mentorship,

science-based learning. Agastya offers five science

support gender equality and education for young

vocational training, life skills training and career

centers to students throughout India including thewomen. This program provides health education,

Since 2018, Broadcom has donated overguidance at school systems in Delhi, Mumbai,

Creativity Campus and Innovation Hub. The science-creates safe spaces for young women at schools$7.7 million to charitable causes in India.

Bangalore and Pune. Through VIDYA, we support

based outreach programs also include science fairs,

and provides young women with feminine

Our activities in India focus ona scholarship program that allows economicallyteacher training workshops, mobile labs and remotehygiene kits.

disadvantaged students to continue their education.

programs that teach programming and technicaleducation for disadvantaged womenand children, gender equality throughhealth and hygiene for young womenand environmental sustainability throughwater conservation, clean water initiatives
and local biodiversity.

skills for students in rural areas.

432023 ESG REPORTLETTER FROM OUR CEO

ESG AT BROADCOMENVIRONMENTAL SUSTAINABILITYWORKFORCE

SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYONE BILLION DROPSSAFE DRINKING WATER

Through the United Way of Bengaluru, we support the

We are sponsoring a project to provide access to safe drinking

One Billion Drops program to enhance the depleting

water to villages in rural areas as these areas face significant

groundwater levels in and around Bengaluru bychallenges in accessing clean drinking water. United Way

conserving rainwater. The goal of this program is to build

Bengaluru and Broadcom collaborated to implement a safe

10,000 percolation pits and thereby conserve 1 billion liters

drinking water program and installed 12 reverse osmosis unitsof rainwater every year.

in different villages in the Chikkaballapura and Kolar districts.

WAKE THE LAKES
We are revitalizing two lakes in Bengaluru, an initiativethat will enhance biodiversity and transform the lakes intothriving ecosystems. Over the last decade, the United Way
of Bengaluru’s Wake the Lakes program has successfullyreclaimed and restored lakes in India. This process ofrestoration involved clearing sewage, improving the quality ofwater and greening the lake environments.

GOVERNANCECOMMUNITIESAPPENDICES

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2023 ESG REPORTLETTER FROM OUR CEO

ESG AT BROADCOMENVIRONMENTAL SUSTAINABILITYWORKFORCE

SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYGOVERNANCECOMMUNITIESAPPENDICESGRI CONTENT INDEX
Broadcom considered the Global Reporting Standards (Core Option) when creating this report. The index below indicates where information responsive to identified GRI disclosure categories may be found.
DISCLOSUREDISCLOSURE DESCRIPTIONLOCATION

Organizational details

Broadcom Inc.

The organization and its reporting practices
2-1

3421 Hillview Avenue, Palo Alto, California 94304
About Broadcom; Annual Report on Form 10-K for 2023
2-2

Entities included in the organization’s sustainability reporting

Annual Report on Form 10-K for 2023 (Exhibit 21.1, List of Significant Subsidiaries, as of October 29, 2023)

2-3

Reporting period, frequency and contact point

Fiscal year 2023: October 31, 2022 – October 29, 2023
Annualesg@broadcom.com

2-4

Restatements of information

No restatements

Activities, value chain and other business relationships

About Broadcom; Products; Supply Chain

Activities and workers
2-6

There were no significant changes regarding the organization’s size, structure, ownership, value chain, or its supply
chain since the previous reporting period.
2-7

Employees

Workforce

Governance structure and composition

Board Governance

2-22

Statement on sustainable development strategy

Letter from our CEO

2-23

Policy commitments

Managing Our Environmental Impact; Ethics and Compliance

2-26

Mechanisms for seeking advice and raising concerns

Ethics and Compliance; Reporting and Investigating Concerns

2-28

Membership associations

Stakeholder Engagement

2-29

Approach to stakeholder engagement

2023 ESG Priorities; Stakeholder Engagement

2-30

Collective bargaining agreements

Supporting Human Rights

3-1

Process to determine material topics

About this Report; 2023 ESG Priorities; Stakeholder Engagement

3-2

List of material topics

2023 ESG Priorities; there has been no change to the list of our ESG Priorities

3-3Management of Material Topics

2023 ESG Priorities

3-3Management approach

Annual Report on Form 10-K for 2023

201-1

Direct economic value generated and distributed

Annual Report on Form 10-K for 2023; About Broadcom; Communities

3-3Management approach

Ethics and Compliance

205-1

Operations assessed for risks related to corruption

Anti-Corruption

Governance
2-9Strategy, policies and practices

Stakeholder engagement

Disclosures on material topics

GRI TOPIC-SPECIFIC DISCLOSURES
Economic Performance

Anti-Corruption

45

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SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYGOVERNANCECOMMUNITIESAPPENDICESDISCLOSUREDISCLOSURE DESCRIPTIONLOCATION

205-2

Communication and training about anti-corruption policies and procedures

Code of Ethics and Business of Conduct; Compliance Trainings; 100% of Broadcom employees acknowledged theBroadcom Code of Ethics and Business Conduct in 2023

205-3

Confirmed incidents of corruption and actions taken

Fostering a Speak-Up Culture; Reporting and Investigating Concerns

3-3Management approach

Ethics and Compliance

206-1

Legal actions for anti-competitive behavior, anti-trust, and monopoly practices

Please refer to Broadcom Inc.’s filings with the U.S. Securities and Exchange Commission on Broadcom’s website

3-3Management approach

Managing Our Environmental Impact; Global Energy and Emissions

302-1

Energy consumption within the organization

Global Energy and Emissions

302-3

Energy intensity

Global Energy and Emissions

302-4

Reduction of energy consumption

Energy Saving and Emissions Reduction Projects

302-5

Reductions in energy requirements of products and services

Sustainability through Innovation

3-3Management approach

Managing Our Environmental Impact; Water Stewardship

303-2

Management of water discharge-related impacts

Water Stewardship

303-3

Water withdrawal

Water Stewardship

3-3Management approach

Managing Our Environmental Impact; Global Energy and Emissions

305-1

Direct (Scope 1) GHG emissions

Global Energy and Emissions

305-2

Energy indirect (Scope 2) GHG emissions

Global Energy and Emissions

305-3

Other indirect (Scope 3) GHG emissions

Global Energy and Emissions

305-4

GHG emissions intensity

Global Energy and Emissions

305-5

Reduction of GHG emissions

Global Energy and Emissions

3-3

Management approach

Managing Our Environmental Impact; Waste Management

306-1

Waste generation and significant waste-related impacts

Waste Management

306-2

Management of significant waste-related impacts

Waste Management

306-3

Waste generated

Waste Management

306-4

Waste diverted from disposal

Waste Management

306-5

Waste directed to disposal

Waste Management

3-3Management approach

Workforce

401-1

New employee hires and employee turnover

Employee Engagement; Hiring

401-2

Benefits provided to full-time employees that are not provided to temporary orCompensation and Benefits

Anti-Competitive Behavior

EnergyWater and Effluents

EmissionsEffluents and Waste

Employment

part-time employees

462023 ESG REPORTLETTER FROM OUR CEODISCLOSURE

ESG AT BROADCOMENVIRONMENTAL SUSTAINABILITYWORKFORCE

SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYDISCLOSURE DESCRIPTIONLOCATION

3-3

Management approach

Employee Health and Safety

403-1

Occupational health and safety management system

Employee Health and Safety

403-2

Hazard identification, risk assessment, and incident investigation

Employee Health and Safety

403-5

Worker training on occupational health and safety

Employee Health and Safety

403-7

Prevention and mitigation of occupational health and safety impacts directly

Employee Health and Safety

GOVERNANCE

Occupational Health and Safety

linked by business relationships
Diversity and Equal Opportunity
3-3Management approach

Diversity, Equity and Inclusion

405-1

Diversity of governance bodies and employees

Diversity, Equity and Inclusion; Board Governance

3-3Management approach

Supply Chain

409-1

Operations and suppliers at significant risk for incidents of forced

Supplier Human Rights Engagement

Forced or Compulsory Laboror compulsory labor
Local Communities
3-3Management approach

Communities

413-1

Operations with local community engagement, impact assessments, andCommunities

development programs
413-2

Operations with significant actual and potential negative impacts on

Communities

local communities
Supplier Social Assessment
3-3Management approach

Supply Chain

414-2

Negative social impacts in the supply chain and actions taken

Supplier Human Rights Engagement

3-3Management approach

Product Quality

ISO9001

Qualitative disclosures related to Broadcom’s policies and conformance

Product Quality

NON-GRI TOPIC SPECIFIC DISCLOSURES
Product Quality

to ISO 9001 (quality management)
Corporate Governance
3-3Management approach

Board Governance; ESG Governance

COMMUNITIESAPPENDICES

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SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYGOVERNANCECOMMUNITIESAPPENDICESSASB CONTENT INDEX
Broadcom considered the SASB Semiconductors and Software & IT Industry Standards when creating this report. The index below indicates where information responsive to identified SASB disclosure
categories may be found.
DISCLOSURE TOPICDISCLOSURE NUMBERDISCLOSURE ACCOUNTING METRICLOCATIONSASBSASB 5.0 Governance,
Internal Control, andAssurancea. The entity’s governance around the risks and opportunities related to the topic, including
board oversight of and management’s role in assessing and managing such risks andopportunities

2023 ESG Priorities; ESG Governance; Board Governance; Task Forceon Climate-Related Financial Disclosures (TCFD); TCFD Index

Standards Application Guidanceb. The entity’s strategic approach regarding actual and potential impacts of topic-related risks
and opportunities on the organization’s businesses, strategy, and financial planning, over the
short, medium, and long termc. The entity’s process to identify, assess, and manage topic-related risks, and how these risks areintegrated into the entity’s overall risk management processd. The entity’s use of metrics or targets to assess and manage topic-related risks
and opportunities
Semiconductors Industry Disclosures
Greenhouse Gas Emissions

TC-SC-110a.1(1) Gross global Scope 1 emissions and (2) amount of total emissions fromperfluorinated compounds

Global Energy and Emissions

Energy Management in Manufacturing

TC-SC-130a.1(1) Total energy consumed, (2) percentage grid electricity, (3) percentage renewable

Global Energy and Emissions

Employee Health & Safety

TC-SC-320a.1

Description of efforts to assess, monitor, and reduce exposure of employees to humanhealth hazards

Employee Health and Safety

Recruiting & Managing a Global & Skilled Workforce

TC-SC-330a.1

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

Workforce

Materials Sourcing

TC-SC-440a.1

Description of the management of risks associated with the use of critical materials

Supply Chain; Responsible Minerals Sourcing

Intellectual Property Protection & Competitive Behavior

TC-SC-520a.1

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

Please refer to Broadcom Inc.’s filings with the U.S. Securities andExchange Commission on Broadcom’s website

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

Global Energy and Emissions

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

Global Energy and Emissions

Data Privacy & Freedom of Expression

TC-SI-220a.1

Description of policies and practices relating to behavioral advertising and user privacy

Cybersecurity and Data Privacy

Data Security

TC-SI-230a.2

Description of approach to identifying and addressing data security risks, including use ofthird-party cybersecurity standards

Cybersecurity and Data Privacy

Recruiting & Managing a Global & Skilled Workforce

TC-SI-330a.1

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

Workforce

TC-SI-330a.3

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

Workforce; EEO-1 Report

TC-SI-520a.1

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

Please refer to Broadcom Inc.’s filings with the U.S. Securities andExchange Commission on Broadcom’s website

Software & IT Services Industry Disclosures
Environmental Footprint of Hardware InfrastructureIntellectual Property Protection & Competitive Behavior

48

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TCFD INDEXThe Task Force on Climate-Related Financial Disclosures (TCFD) developed a framework for companies to provide information to investors and other stakeholders on climate-related risks
and opportunities in their businesses.
TCFD RECOMMENDATIONBROADCOM DISCLOSUREDISCLOSURE LOCATION

Governance: Disclose the organization’s governance around climate-related risks and opportunitiesa) Describe the board’s oversight of climate-related risks and opportunities

Our Board of Directors (Board), through its Nominating, Environmental, Social and Governance Committee (NESG Committee),oversees corporate social responsibility and ESG matters at Broadcom, including climate-related issues. Our Board is involved in
the preparation of and reviews our ESG Report.

ESG Governance

Our NESG Committee is responsible for reviewing and reporting to the Board on matters of corporate responsibility andenvironmental sustainability (including climate-related risks and opportunities in our business), and our public reporting on these
topics.
The NESG Committee receives quarterly updates from our executives on ESG matters. The feedback we receive from ourstakeholders on ESG matters is also regularly communicated to the NESG Committee and the Board. On at least a quarterly basis,
the NESG Committee updates the Board on ESG matters.
In addition, our Audit Committee of the Board has oversight responsibility for enterprise risk management at Broadcom.
Enterprise risks are updated and discussed with the Audit Committee on an annual basis with additional updates provided forselect risks throughout the year.
b) Describe management’s role in assessing and managing climate-relatedrisks and opportunities

Our ESG Steering Committee is led by the President of our Semiconductor Solutions Group who reports to our Chief Executive
Officer. Our ESG Steering Committee includes our Chief Financial Officer, Chief Legal and Corporate Affairs Officer and seniorleaders in Global Operations, Human Resources, Legal and Workplace Services.
The ESG Steering Committee meets quarterly and is responsible for leading our ESG strategy and engaging with our ESG
Working Groups who champion our ESG initiatives across Broadcom. The ESG Steering Committee has four Working Groups that
focus on diversity, equity and inclusion, environmental sustainability, human rights/supply chain and regulatory reporting.

ESG Governance49

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TCFD RECOMMENDATIONWORKFORCE

SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYGOVERNANCECOMMUNITIESBROADCOM DISCLOSURE

APPENDICESDISCLOSURE LOCATION

Strategy: Disclose the actual and potential impacts of climate-related risks and opportunities on the organization’s businesses, strategy and financial planning where such information is materiala) Describe the climate-related risks and opportunities the organization has
identified over the short, medium, and long term

For purposes of climate-related risk and opportunities, we define short, medium and long-term time horizons as follows:b) Describe the impact of climate-related risks and opportunities on theorganization’s business, strategy, and financial planning

Climate-Related Risks

Short-term: 0-5 years | Medium-term: 5-10 years | Long-term: 10-15 years

We have not identified any inherent climate-related risks with the potential to have a substantive financial or strategic impact on
our business in the short, medium or long-term. Potential physical risks in our supply chain are considered and integrated into ourGlobal Operations Business Continuity Plans. Our risk-factors are described in our Annual Report on Form 10-K.
Climate-Related Opportunities
We have identified areas of climate-related opportunities for our business, including:
Products and Markets — Developing new products, as well as evolving existing products, through research, development andinnovation has the potential to increase revenue through higher demand for our products and access to new and emerging
markets. One of our areas of focus is to create products that support our customers’ sustainability goals. We develop innovative
methods that minimize power consumption and industrial products that support green energy systems, including:• In 2023, Broadcom released the world’s first Tomahawk® 5-based 51.2T Bailly Co-Packaged Optics (CPO) system. The 51.2T Bailly
CPO solution can deliver double the bandwidth of a 25.6T standard solution without any increase in system power consumption.
These major power and cost savings are critical for reducing electricity consumption in cloud data centers.
• Our Jericho3AI product enables the industry’s highest performance fabric for AI networks, while dramatically improving power
efficiency. Jericho3AI revolutionizes AI networking with best-in-class capabilities such as perfect load balancing, congestionfree operation, ultra-high radix and Zero-Impact Failover — all culminating in significantly shorter job completion times for
AI workloads. The Jericho3AI fabric offers 26 Pb/s of Ethernet bandwidth, almost four times the bandwidth of the previous
generation, while simultaneously delivering 40% lower power per gigabit.
• Today’s mainframe is a highly sophisticated computing platform that drives 72% of the world’s transactional workloads.
Mainframes frequently operate at a 95% utilization rate, which can result in significantly lower overall power consumption thanother hardware platforms. We provide a comprehensive range of industry leading software solutions and innovative programs
that enable our customers to realize peak mainframe performance.
• VMware Tanzu® CloudHealth® incorporates sustainable practices into its software development lifecycles and embeds green
operations (GreenOps) into business operations. Customers will be able to use the “GreenOps Dashboard” telemetry-based
toolkit to provide actionable steps to optimize their workload’s architecture to be more energy efficient. By tracking important
metrics, organizations can maximize efficiency and improve the overall sustainability of cloud solutions.
Resource Efficiency — We strive to use our resources in the most efficient manner possible. We have implemented a number ofprojects across the company, which have the effect of reducing our environmental impact and increasing our resource efficiency.
These efficiencies, including site consolidation and energy and water usage efficiencies, result in reduced operating costs. We willcontinue to look for ways to further increase our operational efficiency, while reducing our environmental impact.

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

We have not conducted a formal scenario analysis, but will continue to assess approaches for incorporating climate scenario
analysis into our existing risk and opportunity assessment processes.

Annual Report on Form 10-K;
Environmental Sustainability; Products502023 ESG REPORTLETTER FROM OUR CEO

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TCFD RECOMMENDATIONWORKFORCE

SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYGOVERNANCECOMMUNITIESBROADCOM DISCLOSURE

APPENDICESDISCLOSURE LOCATION

Risk Management: Disclose how the organization identifies, assesses, and manages climate-related risksa) Describe the organization’s processes for identifying and assessing
climate-related risksb) Describe the organization’s processes for managing climate-related risksc) Describe how processes for identifying, assessing, and managing
climate-related risks are integrated into the organization’s overallrisk management

As part of our enterprise risk management processes, various risks are assessed across the company by the relevant stakeholders
and in collaboration with our Internal Audit Team, as needed. Actual and potential risks, including the risk factors in our periodic
reports filed with the U.S. Securities and Exchange Commission, are reviewed by management and the Audit Committee at least
quarterly. Updates for select risks are also provided to the Audit Committee throughout the year. In addition, on an annual basis,
enterprise risks are updated and discussed with the Board and/or the relevant committees of the Board, including the Audit
Committee which has oversight responsibility for enterprise risk management at Broadcom.

Annual Report on Form 10-K; ESG
Governance

We manage actual and potential enterprise risks through various processes, polices and mitigation activities. For example, our
Global Operations, which includes our procurement and supply chain activities, uses detailed Business Continuity Plans to manage
potential climate-related interruptions to its operations, among other risks. All of our global sites have Site Control Plans, which
provide our response plans in the event of various emergency situations, including climate-related weather events, like wildfires,
hurricanes, flooding and blizzards.
We also proactively engage with our stakeholders to understand the potential impacts of both changing regulatory
requirements and changing stakeholder expectations, including our stockholders, customers, employees and communities
where we do business.

Metrics and Targets: Disclose the metrics and targets used to assess and manage relevant climate-related risks and opportunities where such information is materiala) Disclose the metrics used by the organization to assessclimate-related risks and opportunities in line with its strategy and risk
management processb) Disclose Scope 1, Scope 2, and if appropriate, Scope 3 greenhouse gas(GHG) emissions, and the related risksc) Describe the targets used by the organization to manage climate-relatedrisks and opportunities and performance against targets

Refer to the Environmental Sustainability section of this report for GHG emissions, energy use and water use data, as well as our
GHG emissions reduction target.

Environmental Sustainability

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APPENDICESDIVERSITY METRICS
U.S. EMPLOYEES (RACE/ETHNICITY)

2023*

2022

2021

American Indian/Alaska Native

0.3%

0.3%

0.2%

Asian

40.8%

40.3%

39.6%

Black/African American

1.6%

1.5%

1.4%

Hispanic/Latinx

3.6%

3.6%

3.4%

Native Hawaiian/Pacific Islander

0.2%

0.2%

0.2%

Other/not declared

5.8%

5.7%

5.9%

Two or more

1.1%

1.1%

1.0%

White/Caucasian

46.6%

47.5%

48.2%

U.S. PEOPLE MANAGERS (RACE/ETHNICITY)

2023*

2022

2021

American Indian/Alaska Native

0.2%

0.1%

0.1%

Asian

39.5%

39.0%

38.9%

Black/African American

0.8%

0.8%

0.9%

Hispanic/Latinx

3.0%

3.1%

3.0%

Native Hawaiian/Pacific Islander

0.2%

0.1%

0.1%

Other/not declared

4.4%

4.4%

4.5%

Two or more

0.6%

0.6%

0.7%

White/Caucasian

51.3%

51.9%

51.8%

GLOBAL EMPLOYEES (GENDER)

2023*

2022

2021

Male

79.4%

79.3%

79.2%

Female

20.6%

20.7%

20.8%

GLOBAL PEOPLE MANAGERS (GENDER)

2023*

2022

2021

Male

85.7%

86.1%

86.5%

Female

14.2%

13.9%

13.5%

*As of October 29, 2023.

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APPENDICESENVIRONMENTAL METRICS
GHG EMISSIONS(tCO2e)
SCOPE

2023

2022

2021

Scope 1 Emissions

58,764

97,208

127,799

Scope 2 Emissions (location-based)

186,061

181,235

188,397

Scope 2 Emissions (market-based)

140,005

152,507174,049

Total Scope 1 & 2 Emissions (location-based)

244,825

278,443

316,196

Total Scope 1 & 2 Emissions (market-based)

198,769

249,715

301,848

5.5 tCO2e/$M

7.5 tCO2e/$M

11.0 tCO2e/$M

1,847,962

27,177Not calculated

1,678,073

Not calculated

Not calculated

Category 2: Capital Goods

95,283Not calculated

Not calculated

Category 3: Fuel- and Energy-Related Activities

42,882

12,063Not calculated

Category 5: Waste Generated in Operations

13,8514,350

Not calculated

Category 6: Business Travel

7,518

3,050

Not calculated

10,355

7,713

Not calculated

Total GHG Emissions

Total Scope 1 & 2 Emissions (market-based) per million dollars of revenue
Total Reported Scope 3 Emissions
Category 1: Purchased Goods and Services

Category 7: Employee Commuting

For all environmental metrics, we apply an operational control boundary. We use the methodology
outlined in the WRI and the World Business Council for Sustainable Development’s (WBCSD) GHG
Protocol: A Corporate Accounting and Reporting Standard (Revised Edition) and the WRI/WBSCD’s

FUEL AND ENERGY CONSUMPTION DATA•

kerosene and electricity use.

GHG Protocol Scope 2 Guidance — an amendment to the GHG Protocol Corporate Standard to
calculate Scope 1 and Scope 2 GHG emissions generated by our global facilities.

•

facility type.

and operating our backup emergency generators, as well as the refrigerant losses from HVAC
emissions). The GHG Protocol defines PFCs as one of the seven gases listed in the Kyoto Protocol,
which also includes carbon dioxide, methane, nitrous oxide, HFCs, sulfur hexafluoride andnitrogen trifluoride.
To measure the other indirect emissions occurring in our value chain, we used the methodology
outlined in the WRI/WBCSD’s GHG Protocol: Technical Guidance for Calculating Scope 3 Emissions(version 1.0).
GHG emissions are reported in metric tonnes of CO₂e (tCO₂e).

We calculate energy consumption and GHG emissions based on actual data when available. Whenactual consumption data is not available, we estimate utilizing square footage intensity factors by

We calculate the GHG emissions associated with the fossil fuels we utilize for heating our facilities
operations and PFCs and other process gases used in our manufacturing processes (Scope 1

Our energy consumption is limited to natural gas, diesel, liquefied petroleum gas, gasoline, jet fuel,•Other fuels include diesel, liquefied petroleum gas, gasoline, jet fuel and kerosene.

2023 ESG REPORTLETTER FROM OUR CEO

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SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYGOVERNANCECOMMUNITIESAPPENDICESGREENHOUSE GAS EMISSIONS DATA••

Emission factors used in Scope 1 GHG emissions calculations include the U.S. EPA’s Emission Factor•

Hub, Emissions Factors for Greenhouse Gas Inventories (published September 2023), and the UK(market-based) consumption not already included in Scope 1 and Scope 2 GHG emissions

Government GHG Conversion Factors for Company Reporting (published June 2023). Scope 1 GHG

calculations. Scope 3 Category 3 includes upstream emissions related to the extraction, production,

emissions include corporate jet emissions, using the EUROCONTROL Small Emitter’s Tool (version

and transportation of purchased fuels and electricity, and transmission and distribution losses.

5.13 published December 2023) to estimate fuel consumption.

Emission factors used include Department for Environment, Food and Rural Affairs (DEFRA)
Conversion Factors 2023 (published June 2023) and International Energy Agencies (IEA) Life Cycle

Emission factors used in Scope 2 GHG emissions calculations include the U.S. EPA’s Emissions &Upstream Emission Factors. Only transmission and distribution losses were included in the previous

Generation Resource Integrated Database (eGRID) 2021 (published January 2023), IEA’s Statistics

year calculation.

Data Service: Emission Factors (published September 2023) and the Association of Issuing Bodies(AIB): European Residual Mixes 2022 (published June 2023) and Center for Resource Solutions•

Emissions factors used in the calculation of emissions from Scope 3 Categories 5-7 include the U.S.

(CRS) 2023 Green-e Residual Mix Emission Rates (published December 2023). In 2023, Scope 2 GHG

EPA’s Emission Factor Hub, Emissions Factors for Greenhouse Gas Inventories (published September

emissions take into account the procurement of Green-e certified RECs at the Fort Collins, Colorado2023) and DEFRA Conversion Factors 2023 (published June 2023).

facility, as well as supplier-specific emissions factors published by San Jose Clean Energy, San Diego
Community Power, and Xcel Energy Colorado. We follow the hierarchy outlined in Table 6.3 of the•data was not estimated in previous years.

2 GHG emissions market-based method. Scope 2 GHG emissions include colocation data centerelectricity consumption, estimated using an 8760 energy model.

•

Activity data related to hotel nights incurred during business travel are excluded fromScope 3 Category 6.

Purchased goods and services and capital goods emissions are calculated using spend-based
data. Emission factors used in the calculation of Scope 3 Category 1 and 2 include the U.S. EPA’s

The waste emissions boundary includes actual and estimated hazardous waste, industrial processwaste and non-hazardous waste (including e-scrap) from global owned and leased facilities. Waste

WRI/WBSCD GHG Protocol Scope 2 Guidance for selecting appropriate emission factors for Scope•

Emissions from Fuel-and-Energy-Related-Activities capture emissions from fuel and energy•

Employee commuting emissions are calculated using global employee attendance data and censusbased typical commute distances and transportation modes. Emissions related to remote working

Environmentally-Extended Input-Output (EEIO) model emission factors version 1.2(optional emissions) are currently excluded from Scope 3 Category 7. Emissions factors used in the(published April 2023).

calculation of Scope 3 Category 7 include the U.S. EPA’s Emission Factor Hub, Emissions Factors forGreenhouse Gas Inventories (published September 2023).
•

Independent third party subject matter experts were engaged to calculate the 2023 GHG emissions
inventory and energy consumption; however, Broadcom did not seek assurance of the data.

54

2023 ESG REPORTLETTER FROM OUR CEO

ESG AT BROADCOMENVIRONMENTAL SUSTAINABILITYWORKFORCE

SUPPLY CHAINCYBERSECURITY AND DATA PRIVACYGOVERNANCECOMMUNITIES55

APPENDICES

WATER(Gallons)
2023

2022

2021

515,791,697

515,584,200

515,406,712

2023

2022

2021

Total Waste Generated

38,778

11,127

9,577

Total Waste Diverted from Landfill

7,825

3,894

4,152

Diversion Rate

35%

35%

43%

Incineration (with Heat Recovery)

1,273

1,878

1,485

Incineration (without Heat Recovery)

105

101

55

Sent to Landfill/Surface Impoundment

30

69

97

Other Disposal Operations

3,449

3,002

2,464

Total

4,857

5,050

4,101

239

183

N/A

Total Water Withdrawn**Water withdrawals based on actual data where available. Where actual data was not available, water withdrawals were estimated using square footage intensity factors by facility type.

WASTE(Short Tons)
Non-Hazardous Waste1

Hazardous Waste and Industrial Process Waste2

E-scrap Waste3
E-scrap

In 2023, we revised our calculation to improve the completeness and quality of our waste data. Non-hazardous waste data is based on reported and estimated data from all global offices and manufacturing facilities. Waste data was not estimated in previous years. The diversion rate is based on waste with known disposal methods.
Hazardous and industrial process waste data is based on reported and estimated data from all global manufacturing facilities. Waste data was not estimated in previous years.
3E-scrap data is presented separately here for visibility into e-scrap waste generation at all global facilities. E-scrap waste generated at all global owned offices and manufacturing facilities is also included above in Total Waste Generated in the Non-Hazardous Waste table.
12Forward-Looking Statements

Reporting Uncertainties

This report contains forward-looking statements and are based on our current expectations, beliefs

Non-financial information is subject to measurement uncertainties resulting from limitations

and assumptions. Actual results could differ materially from those statements. Risk factors that

inherent in the nature and the methods used for determining such data. The selection of different

could cause actual results to differ from our expectations are set forth in the “Risk Factors” section

but acceptable measurement techniques can result in materially different measurements.

in our most recent Annual Report on Form 10-K and subsequent filings filed with the SEC.

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