FISCAL YEAR 2023

ESG REPORT
Environmental, Social, & Governance - Fiscal Year 2023 (April 1st, 2022 – March 31st, 2023)
Bose Fiscal Year 2023 ESG Report1Contents
EXECUTIVE LETTER

3

OUR COMPANY
Our History
Our Inspiration
Our ESG Vision
Our ESG GovernanceBusiness Ethics & Compliance
Our Stakeholders

4

ABOUT THIS REPORT
Reporting Period
Reporting Approach
Materiality Assessment
Reporting Scope & Boundaries

8

Carbon & Energy
Waste Management
Water Consumption
Employee-Led Action
PRODUCT INITIATIVES
Product Sectors
Product Circularity
Responsible Supply Chain

ENVIRONMENTAL STRATEGY & PROGRESS 10
Our Targets & Commitments
Global Reporting Platforms
Our Recognitions
Environmental Data Summary

16

OUR PEOPLE
19
Diversity, Equity, Inclusion & Belonging
Talent Recruitment & Retention
Health & Safety
OUR COMMUNITIES
Promoting Education
Employee & Corporate Giving

24

GRI INDEX

27

For almost 60 years, Bose has been dedicated to developing products andtechnologies that deliver sound as it was meant to be heard. And we’ve also beencommitted to operating our business in a responsible, transparent way. Consistent
with this, we continue to embed Environmental, Social, and Governance (ESG)
efforts in our business strategies and across our entire value chain.
As we work to reduce our environmental impact on the planet, we have been
focused on climate change and product circularity. In Fiscal Year 2023, we signed
a commitment letter in support of the Science Based Targets initiative (SBTi) to
reduce our carbon emissions. We’ve also adopted product circularity standards
to take the entire product lifecycle into account during design.
Our social commitments are focused on supporting our people - the foundationfor everything we do. In Fiscal Year 2023 our Diversity, Equity, Inclusion, andBelonging (DEI&B) strategy focused on building awareness and common ground,so all employees have a shared understanding of personal identities, bias,
and inclusive behaviors.
Further, our governance strategy is driven by our Guiding Principles and Essence& Values. These principles define our approach to being a responsible company
and shape our commitment to enhancing lives through technology.
In this report, we’re sharing our progress on this commitment - highlighting how
we are using the power of sound to bring even more innovative products to ourusers, how our passion creates a community of belonging, and how our visionaccelerates us toward a more sustainable and bright future. Thank you foraccompanying us on this journey.

Letter
from
our
CEO

Sincerely,
Lila Snyder
Chief Executive Officer
Bose Fiscal Year 2023 ESG Report3Our Company

Our History
Bose is world-renowned for its premium audio solutions for the home, on thego, and in the car. Since its founding in 1964 by Dr. Amar Bose, the company
has been dedicated to delivering amazing sound experiences through innovation.
And its passionate employees — engineers, researchers, music fanatics, anddreamers — have remained committed to the belief that sound is the mostpowerful force on earth; its ability to transform, transport, and make us feel alive.
For nearly 60 years, this belief has driven us to create products that havebecome iconic, changing the way people listen to music.

Our Inspiration
The principles and values established by our founder, Dr. Amar Bose, feed
our passion for continuously wanting to make our products better. We apply
the highest level of scientific inquiry and invention to the discovery of newconcepts and designs. We create revolutionary experiences for our customers.
We seek to develop a culture that challenges us to pursue excellence andreach our fullest human potential. These principles are our company DNA.
They shape our values on how we conduct ourselves, run our business,and support each other.
Bose Fiscal Year 2023 ESG Report4Guiding Principles
We think about our principles every day to make decisions both big and small.

GrowthTeamwork & Collaboration

to reach more customers with thebenefits of our technology and toprovide opportunities for our employees.

that inspire our best people to stay andothers to join.

Financial Viability

Innovation & Technology

so that we can self-fund research,innovation, and growth over the long run.

that deliver demonstrable benefits tocustomers.

Essence & Values
These are the qualities that are expected of every employee, and what make up thefoundation of the Bose culture.

Integrity

Excellence

We must demonstrate the highest standardof business ethics in our dealings with ourcustomers, suppliers, and each other.

Excellence is our way of life. It has
always been integral to our business.

Innovation

PassionResearch, innovation, and invention are
the essence of our company. Our successresults from exploring new methods andideas beyond conventional boundaries.

Our passion and enthusiasm for what
we do at Bose enables us to achieve thehigh standards of performance andinnovation we have set for ourselves.

RespectValue

Mutual respect and trust form thefoundation for effective working relationships.
We recognize that cooperation with each otherand between groups is vital to our success.

We must work in unison with ourcolleagues to ensure that all ourcontributions add value for thecustomer.

To read more about us, our Guiding Principles, and our Essence & Values, visit our website.
Bose Fiscal Year 2023 ESG Report5Our ESG Vision
ClimateChangeWater
Preservation

Circularity

We follow a clear, well-established ESG governance structure that drives cross-functional support and accountability from our leadership team. ESG is embedded across our global operations
and priorities are aligned with stakeholder expectations. This centralized structure includes:

Responsible
Employment
Practices

t
en

ESG
@Bose

S

Community
Support &Engagement

C-suite executives that direct strategic ESG decision making consistent with our highstandards of ethics and values.
Key leadership that oversees and enables ESG strategy execution.

Occupational
Health &SafetyGovernance
Financial
Transparency

ESG Senior Leadership Team:

ESG Leadership Enablement Team:

ialoc

Air Pollution

Environm

Biodiversity

Our ESG GovernanceCorporate
Governance

At Bose, we don’t just recognize the challenges facing
our world; we’re taking action to create change for ourbusiness, our stakeholders, and our global community.
We’ve developed a strategic ESG framework thatoffers a roadmap to guide our efforts and measure ouroutcomes. It’s the passion and creativity of our people
that help us reach our goals and accelerate our progress.
Together, we are making sure we are part of the solution
to these challenges.

ESG Execution Team:
Cross-functional personnel that develop and implement processes to embed ESG efforts
into standard business practices.

Business Ethics & Compliance
Bose’s foundational commitment to ethical and compliant business practices is supported bya robust system of policies, oversight, and training. We work continually to build and maintainour reputation as a trusted partner to our customers, consumers, suppliers, and other criticalstakeholders. We strive to comply with all applicable laws and regulations governing ourinteractions wherever we do business. Our Corporate Ethics Committee, comprised ofsenior executives, meets regularly to oversee our ethics program, with support from our
Legal Department, Internal Audit, Human Resources organization, and other functions.
All Bose employees are required to adhere to our internal Code of Business Ethics, whichaligns with applicable local laws in locations where we operate and is available in local
languages. Training on our Code of Business Ethics is provided to all new employees uponjoining the company, with periodic training for all employees in local languages to reinforce
our employees’ understanding of their obligations under the Code. In addition, role-based
training is provided across the company on compliance topics relevant to employees’ roles
and business activities. In Fiscal Year 2023, our global completion rate for the all-employee
ethics and compliance trainings we delivered was 99%.
To facilitate reporting of suspected unethical behavior, we maintain an anonymous hotline
available in local languages in countries where we operate. Bose conducts timely follow-up
investigations, maintains confidentiality, and ensures non-retaliation for calls to the hotline.
Bose Fiscal Year 2023 ESG Report6Employees ~6000

Our Stakeholders
As we deepen our ESG commitments, we seek to understand how our priorities andactions impact our customers, suppliers, employees, and other members of our community.

Employees:
Our people want to work for a company that provides a great employee experience, acts
responsibly, and seeks to reduce environmental impacts through smart product design.
We strive to deliver on these desires through our employee wellbeing and development
programs, and by engaging employees in ESG activities.

Business Customers:
Bose’s business customers are actively pursuing sustainability in their operations, products,
and supply chains. Our sustainability efforts support their objectives, and we haveestablished a well-defined process for communicating our progress to them.

Bose’s facilities are locatedin 25 countries worldwide.

Consumers:
Many of today’s consumers want to buy from companies that share their values.
By making sustainability ever more integral to our business, we can help
create trust with these critical stakeholders.

Suppliers:

Largest Market United States of America

We employ environmental and social performance questionnaires to help us assess vendor
performance and seek to partner with suppliers that support our sustainability objectives.

Headquarters Framingham, Massachusetts, U.S.
Primary Bose owned manufacturing location Mexico

Local Communities:

Countries in which Bose operates
that are included in emissions reporting:

Other Stakeholders:

Australia, Belgium, China, Denmark, France, Germany, Italy,
Japan, Mexico, the Netherlands, Norway, Poland, Portugal,
South Korea, Sweden, the United Arab Emirates,
the United Kingdom, and the United States.

The local communities in which we operate look to us to be an engaged, supportive,
and responsible neighbor. We accomplish this through our growing community efforts,
which include supporting education and volunteering with local organizations.

Bose engages where appropriate on environmental and social topics with non-governmentalorganizations (NGOs), governments, academic institutions, business partners, and others.

Bose Fiscal Year 2023 ESG Report7About This Report

This report details key activities and accomplishments in Environmental,
Social, and Governance (ESG) topics at Bose Corporation during the reporting
period. This report includes disclosures that align with the Global Reporting
Initiative (GRI) Standards, however we do not publicly disclose all GRI standards.

Reporting Period
Bose Corporation’s Fiscal Year 2023 is from April 1, 2022 to March 31, 2023.
All information included in this report is from our Fiscal Year 2023 as defined,
except where a different date is specifically referenced.

Reporting Approach
Bose reports annually on our ESG efforts. It has been our practice to produce
a full ESG report on alternate years, with brief update reports released in off years.
Beginning with this report, we intend to publish a full report every year, to ensure
stakeholder access to complete and timely information on our core metrics andmost impactful ESG activities.
Bose Fiscal Year 2023 ESG Report8Materiality Assessment

Reporting Scope & Boundaries

In 2021 Bose completed a materiality assessment to identify the
ESG-related topics that were most important to our stakeholders
and business. This assessment helped us establish the measurements,
targets, and actions necessary to advance our priorities and efforts
in the areas of climate change and product circularity.

This report highlights ESG-related activities and impacts under Bose
Corporation’s operational control globally but is not all-inclusive. It also
includes select supplier- and product-related impacts. In this report, “Bose,”“the company,” “we,” “our,” “its,” and similar terms are used for convenience torefer to Bose Corporation and its subsidiaries and branches. Data containedin this report pertaining to carbon emissions, energy, and health andsafety are subject to restricted boundaries due to data availability.

The insights gained also deepened our understanding of how our
stakeholders’ priorities are evolving, providing critical insight to informthe strategic direction and objectives of our ESG program in the future.

Material Topics*• Business Ethics and Compliance• Circular Economy• Climate Change and GHG Emissions• DEI&B• Employee Recruitment and Retention• Proactive Product Compliance• Responsible Supply Chain

Health and Safety:
Data boundaries for health and safety metrics reflect major facilities
that were under our operational control at any point in Fiscal Year 2023.
Carbon Emissions and Energy Consumption:
Data includes all major facilities under our operational control at the end of
Fiscal Year 2023. Energy figures are based on actual energy data or estimateswhen actual data are not available and include direct and indirect consumption(Scope 1 & 2). Bose follows Greenhouse Gas Protocol location-based methodology
and sources its emissions factors from a variety of sources, including but notlimited to: The Climate Registry (TCR), the U.S. EPA Hub Tables, and International
Electricity Agency (IEA). Carbon emissions calculations include CO2, CH4, and N2O.
*Listed in alphabetical order

Bose Fiscal Year 2023 ESG Report9Environmental
Strategy & Progress
At Bose, our drive for excellence motivates us to closely examine opportunities
to create a meaningful impact in the fight against climate change. In this pivotal
decade for climate action, the focus on ESG concerns has garnered attention
from governments, industries, and individuals—and Bose remains steadfast in
our commitment to advancing in our ongoing journey.
To guide our plans, we sought the expertise of a renowned global consulting firmand collectively developed a comprehensive multi-year climate change and productcircularity roadmap. We are focusing on climate change and product circularity asthese areas were identified as the most impactful to our business. Within thesecategories, we pinpointed key areas where Bose believes it has the opportunity
to exert the most influence. We have integrated these invaluable insights andrecommendations into our overarching ESG strategy.

Our Targets & Commitments
Our commitment to reducing our carbon footprint involves key environmental
initiatives to decrease energy consumption, minimize greenhouse gas (GHG) emissions, and incorporate product circularity into our product design and development
process. We initiated our efforts with a baseline analysis employing GHG accounting
methodology, established climate objectives, and then formulated emission-reduction targets in alignment with the Science Based Targets Initiative (SBTi).
We have submitted a commitment letter to SBTi that formalizes our decision to
set science-based targets to reduce our GHG-emissions. Our commitment is inline with what current science deems necessary to meet the aspiration of theParis Agreement to limit global warming to 1.5⁰C. Our commitment is recognizedon sciencebasedtargets.org as well as “We Mean Business” and UN Global Compact.
Bose also became part of the Business Ambition for 1.5⁰C campaign and formallyjoined the Race to Zero campaign.
Bose Fiscal Year 2023 ESG Report10Global Reporting Platforms
Bose recognizes the vital role we fulfill for our businesscustomers and original equipment manufacturer (OEM)partners, and we remain highly attentive and responsive totheir sustainability reporting requests. As corporate awarenessof environmental and social impact continues to grow, we’ve
experienced a surge in survey requests from our partners andcustomers. We diligently address these requests, throughprogress reports and engagement on global platforms suchas the Carbon Disclosure Project (CDP), EcoVadis, Manufacture2030, Supplier Assurance, Responsible Business Alliance(RBA), Project Gigaton, and others. We have continued to
improve our internal processes for responding to ESG-related
information requests and have improved our scores acrossthe majority of our reporting platforms.

ESG Partnership Pledge
Bose takes pride in joining our business customers to prioritize
climate action. We signed an aspirational ESG Pledge to one ofour business customers to accomplish our shared goals toward
combatting climate change and serving our communities. This
pledge includes committing to carbon neutrality by 2035 for
our Scope 1 and 2 emissions for manufacturing and working
to achieve a minimum score of 50 in the EcoVadis categories
of Labor & Human Rights and Ethics and Sustainable Procurement. We are currently developing an action plan to support
this commitment.

Our Recognitions
EcoVadis Ranking
EcoVadis is one of the largest global providers of business sustainability ratings, ranking
applicants on 21 sustainability criteria across four areas: Environment, Labor & Human Rights,
Ethics, and Sustainable Procurement. This year, Bose received an EcoVadis Silver Medal,
placing us in the top 25% of assessed companies.

Nissan Sustainability Certificate
In 2023, Nissan North America granted Bose a Nissan Sustainability Certificate for oursustainable and socially responsible business practices. We were recognized for ourenvironmental achievements in EcoVadis as well as our DEI&B initiatives. This certificate
was awarded at Nissan’s Regional Supplier Appreciation and Awards event, which
recognized suppliers for their commitments across multiple operational areas.

ISO 14001 Certification
Our Tijuana, Mexico manufacturing site continues to maintain its annual ISO 14001
certification. Our most recent 2023 surveillance audit found the facility to be in compliancewith this international standard which specifies requirements for an effective environmental
management system (EMS).

Bose Fiscal Year 2023 ESG Report11Environmental Data Summary
To monitor and manage our impacts, Bose tracks and discloses energy, carbon, and waste-related data from our major
sites globally using an Environmental, Health, and Safety(EHS) software system. In 2023, we expanded these tracking
capabilities to include additional sites globally. Facilities thatare in-scope include global manufacturing sites, warehouses
and distribution centers, repair sites, and other offices.

Carbon & Energy
Our forthcoming plans entail a comprehensive assessment of energy consumption across our facilities and the evaluation of potential energy reduction projects
to help us improve our energy efficiency and reduce emissions. These reduction projects began in 2023 and will continue next year. Simultaneously, we intend tocontinue exploring innovative approaches to offset our emissions in an effort to advance our journey toward achieving our ambitious carbon-neutrality objectives.

Scope 1 & 2 Emissions
We have set the goal of achieving a 42% reduction in Scope 1 and Scope 2 emissions by 2030 using our Fiscal Year 2020 as a base year. This goal is aligned with limiting
global warming to 1.5⁰C. We are currently developing an action plan to support this goal. Our main efforts focus on reducing our energy and electricity demand. We have
implemented automated controls to deenergize or ramp down systems when not in use and have evaluated existing equipment for potential upgrades to maximize efficiency. We are working to deploy more energy efficiency projects at our headquarters while measuring new facilities against energy efficiency benchmarking data.

Bose has set
the goal ofachieving a42%

reduction in
Scope 1 & 2
emissions by2030

We have reduced our
Scope 1 and Scope 2 carbon
emissions by more than

5.5%

across all
operations fromour base year.

In Fiscal Year 2023 we saw an overall increase in Scope 1 and Scope 2 emissions that was primarily driven by an increased production volume in our Tijuana manufacturing facility and increased office occupancy in our Framingham, Massachusetts locations. Overall, we have seen a greater than 5.5% reduction in Scope 1 and Scope
2 carbon emissions from our base year. Our pivotal accomplishments in 2023 were the completion of energy audits at our corporate headquarters in Framingham,
Massachusetts and our Tijuana, Mexico manufacturing site. In Framingham, we engaged with our local energy provider to help evaluate areas where we could operate
more efficiently. From this audit, we identified more than 20 opportunities primarily focused on lighting and heating, ventilation, and air conditioning (HVAC) systems.
We were able to adjust the HVAC schedule, resulting in annual savings of over 120,000 kWh. We plan to continue engaging with our energy providers to further develop
our strategy to improve our operational efficiencies.
Bose Fiscal Year 2023 ESG Report12Our Tijuana manufacturing facility was especially proactive in reducing energy usage in 2023 through the implementation of several initiatives. The energy audit
conducted at this site provided a detailed energy consumption profile of the factory and identified opportunities to further reduce our carbon footprint andprioritize work in support of our strategic roadmap. Key energy improvement projects in 2023 included the continued conversion to LED Lighting, introductionof solar panels to power an isolated structure, and replacement of older HVAC systems with new equipment that complies with the U.S. Department of Energy (DOE)2023 Energy Efficiency requirement. These changes are resulting in annual savings of approximately 500,000 kWh.
Given that these two sites collectively account for 80% of our Scope 1 and Scope 2 emissions, the insights gained from their energy audits will continue to shape
our energy reduction roadmap as we transition into the forthcoming operational year. To underscore our commitment, we have incorporated our Scope 1 and Scope
2 emissions targets into our performance dashboard to track progress, facilitate transparency, and enable our CEO to communicate these goals to our employees
across the entire organization. We’re looking forward to accelerating both the pace and scale of our energy and carbon reduction initiatives.

Energy and Carbon Intensity
Energy Intensity (GJ/sq. ft.)
Carbon Intensity (CO2e/sq. ft.)

Energy Use(GJ)
Other FuelPast fiscal year energy and carbon intensity metrics
vary from past Bose ESG Reports due to a change
in the data collection scope.

0.082 0.072 0.073 0.076
0.0068 0.0061 0.0062 0.0064
FY20 FY21 FY22 FY23

Electricity

Scope 1

2. Optimize Logistics:
Enhance the efficiency of freight operations by grouping shipments morejudiciously and reducing overall travel distances while also minimizing air freight.

Scope 2

252,090
190,340

223,623 226,669
166,655

233,699
174,794

167,812

20,893
17,62918,86915,870As an integral component of our climate evaluation, we recognize the critical significanceof Scope 3 assessments. While acquiring data and monitoring progress can present challenges in this realm, our analysis identified four primary areas within Scope 3 that are ofleading significance to Bose. As these areas collectively constitute a substantial amountof our Scope 3 emissions, we are prioritizing the following actions within each:
1. Engage Suppliers:
Collaborate with our top suppliers to track their carbon footprint.

Carbon Emissions(MT CO2e)Natural Gas

Scope 3 Emissions

19,086

19,694

15,975

16,952

3. Remanufacturing Process:
Explore opportunities to facilitate product disassembly and explore expanding
the range of used products eligible for refurbishment and resale.
4. Product Repairability:
Develop an internal repairability design guide and scorecard in an effort to extend
the list of products eligible for repair.

51,683
10,06747,65948,58647,985

9,310

10,271

10,920

FY20 FY21

FY22 FY23

Energy use data presented in this graph differs from pastreports due to a change in the reporting boundary
Other Fuel is made up of propane, diesel, and gas.

3,264

2,999

FY20 FY21

3,111

3,101

FY22 FY23

Emissions data presented in this graph differs frompast reports due to a change in the reporting boundary.

Our comprehensive assessment has informed our goal to achieve an SBTi-aligned target of
25% reduction in Scope 3 emissions by 2030. This goal is not only ambitious but also upholds the emission targets our customers expect. We are currently developing an action planto achieve this goal and are actively exploring additional opportunities tofurther decrease our Scope 3 emissions. This includes sourcing lower-carbon materials
for production, directing our research and development efforts toward reducing the energy
demand of our products, and optimizing our distribution network to enhance fuel efficiency.
Bose Fiscal Year 2023 ESG Report13Waste Management

Water Consumption

Managing our waste effectively and responsibly is one of the pillars of
our ESG approach. We have focused on strategies to reduce demand for
raw materials, to decrease manufacturing waste by reducing wood andcardboard waste, and to mitigate waste impacts of our operations byworking with waste management partners to employ reuse and recycling
programs at our facilities. We currently report on waste generation across17 of our sites and have enhanced our waste and recycling reporting
system across our business by increasing the granularity of the data andimplementing an internal auditing process to confirm data accuracy.

Although Bose is not a significant consumer of water in our operations, we are committed to reducing inefficiencies that lead to excess water use. In the past year we have
expanded tracking with our EHS software to include additional sites. As our primary usesof water are in our cafeterias, bathrooms, and outdoor irrigation systems, we conducted
an initial water risk assessment in 2020 and an updated assessment in Fiscal Year 2023
for our owned buildings to assess their water consumption and determine whether they
were situated in water-stressed areas. This assessment—which implemented a detailed
process to identify, assess, and report on water-related risks—was performed using
the World Resources Institute Aqueduct tool, gauging our risk for 2020 and forecasting
ahead to 2030 and 2040. The assessment identified four Bose locations in regions ofanticipated water risk. We are looking at reduction opportunities for the future in ourhighest consumption areas and are monitoring this potential risk.

Our production facility in Tijuana, Mexico has been a major driver of
our waste reduction and recycling program since 2019 when we firstlaunched our zero-waste-to-landfill efforts. The site made significant
progress in decreasing office waste with the installation of recycling
stations throughout the facility. Our reduction efforts continued in 2023,
with an assessment that identified corrugated waste and wooden pallets
as the two major sources of manufacturing waste. The assessment also
identified incoming packaging from one of our suppliers as the largest
contributor to corrugated waste. We are in the process of engaging withthis supplier to explore options to reduce packaging volumes on incoming
materials. Our Tijuana manufacturing facility made great progress toward
their zero-waste-to-landfill efforts achieving almost 90% recycling rateof our generated waste in Tijuana.
Our commitment to waste reduction continued at our Framingham,
Massachusetts facility throughout 2023. Building on our earlier initiative
to eliminate single-use plastics from our corporate cafeterias, we further
expanded our efforts to encompass a broader range of items including
food packaging, to-go containers, utensils, and straws. We have successfully eliminated or substituted these items with compostable, non-plastic
alternatives. Moreover, our Framingham campus maintains the practiceof single-stream recycling, aiding in the efficient separation ofrecyclable materials to prevent their disposal in landfills.

Our Tijuana siteachieved an almost

90%

recyclingrate in 2023.

For additional information on waste reduction initiatives that relate to
Bose products, please see the Product Initiatives chapter in this report.

Water

FY20

FY21

FY22

FY23

Water Usage (Cubic Feet)

Irrigation (Cubic Feet)

3,068,351.87
277,781.63

2,077,067.65
205,986.38

2,187,361.28
173,888.50

2,385,562.25
169,288.81

Total
Sq. ft.

3,346,133.50
0.00682,533,481.48

2,283,054.03
0.00682,545,887.48

2,361,249.78
0.00682,551,472.04

2,554,851.06
0.00682,557,810.92

Water Intensity (Cubic ft. / sq. ft.)

1.32

0.90

0.93

1.00

Water data presented in this chart differs from past reports due to a change in the reporting boundary.

Waste

MetricTonnes

FY20

FY21

FY22

FY23

Hazardous Waste
Non-Hazardous Waste
Recycled
ReusedUniversal Waste
Waste-to-Energy
Waste-to-Landfull

47.56
0.006824.66
4,745.22
1,209.98
10.79
321.35680.6039.07
0.006813.33
3,927.63
1,194.46
9.02
95.86
797.8335.62
0.006812.24
3,699.43
1,438.59
12.21
126.54966.3043.85
0.006813.67
3,648.71
1,651.78
12.34
185.291,134.75

Total

7,040.16

6,077.00

6,290.93

6,690.39

Waste data presented in this chart differs from past reports due to a change in the reporting boundary.

Bose Fiscal Year 2023 ESG Report14

Employee-Led Action
One of the ways we seek to address our environmental impacts is by supporting efforts to raise awareness among our employees about climate change.
Our Planeteers Environmental Sustainability Affinity Group brings together employees who are passionate about giving back to our communities and decreasing
our global impact on the natural world. Planeteers have engaged in projects around the world that mobilize and unite people with a purpose. They have shedlight on the challenges of climate change and diverse sustainability perspectives that foster creativity. Our annual Earth Month celebratory event has takenplace every April since 2015 to engage employees, motivate them with hands-on activities, and ignite their passion through corporate festivities.

Biodiversity Support
As part of the Earth Month celebration, the Planeteers organized an event at
our Framingham, Massachusetts facility during which employees built birdhouses
under the expert guidance of Massachusetts Audubon staff. Given the pressing
environmental concern of declining biological diversity, the Planeteers aimed
to support local wildlife by offering valuable shelter. These nesting boxes havebeen strategically placed along the picturesque walking paths surrounding
our campus and will be maintained throughout the breeding season.
Looking ahead, the Planeteers are actively planning future nature-based
climate actions, with a focus on promoting biodiversity conservation.

Plant Donations
Our Tijuana site celebrated Earth Month by giving staff an opportunity to connect
with nature through plants. We gifted 600 plants and herbs to employees to add
to their homes and gardens. The team also participated in a virtual challenge toshare the actions that each of them are taking to care for the environment in theirhomes and at work, offering up creative and inspiring solutions and showing eachother how small actions can add up to a big impact.

Charles River Clean-Up
The Charles River is a major waterway that winds through eastern
Massachusetts, not far from our Framingham campus, before emptying
into Boston Harbor. Although significant progress has been made over thelast few decades to improve its water quality, as an urban river it is still burdenedwith plastic waste, metal cans, and other types of trash. On multiple trips overthe past year, a group of Bose volunteers joined a captained boat to participate
in river clean-ups, using skimmers and hooks to pull recyclables and other trashout of the water between Newton, Massachusetts and the head of the river in
Boston. Their efforts made an important difference to the riverine habitatand highlighted how we can play a role in improving our natural world.

Climate Fresk Workshop
Staff in our Framingham, Massachusetts and Esslingen, Germany sites
participated in collaborative Climate Fresk workshops during Earth Month.
Climate Fresk is a nonprofit whose aim is to raise public awareness on climatechange. Launched in France in 2018, Climate Fresk is now facilitated bymore than 80 country coordinators in more than 40 languages
and is growing exponentially around the world.
This engaging, science-based opportunity helped participants understandthe fundamentals of climate change and empower them to take action.
With a neutral and objective approach informed by scientific facts sourced
from Intergovernmental Panel on Climate Change (IPCC) reports, this workshop
revealed causes and effects of climate change and the systemic nature of thechallenges, while also creating an opportunity to brainstorm solutions together.
Bose Fiscal Year 2023 ESG Report15

Product Initiatives
Our company was founded on a belief that there are no limits to the bounds oftechnological innovation. Dr. Bose knew that by tapping the creativity, knowledge,
and skills of his people, the company could create game-changing products andexperiences that would impact peoples’ lives for the better. And sure enough,for almost 60 years, Bose has been on the cutting edge of audio technology,
setting benchmarks for what’s possible, imagining and exploring solutions
that delight customers and transform how they listen.

Product Sectors
We believe sound has the power to transform you—to inspire and connect you,shaping your experience of the world. At Bose, our premium audio products are notjust for entertainment, they’re for your life—in your home, your car, and anywherethat matters.

Bose Consumer AudioIn 1968, Bose introduced the 901 Direct/Reflecting speaker system, which earned
the company international acclaim for its high-quality audio. Since then, we’ve
introduced revolutionary, premium audio solutions for the home, on the go, and in
the car. Over the last year, we’ve taken further strides into the future with the next
generation of our QuietComfort line of products—including QuietComfort Ultra
Headphones, QuietComfort Ultra Earbuds, and an updated model of our iconic
QuietComfort Headphones. These products are bringing our customers’ listening
experience to an entirely new level with the debut of Bose Immersive Audio—
ground-breaking technology that creates a wider soundstage to make audio
content multi-dimensional and layered, regardless of the platform or device.
We’ve also introduced the Bose Smart Ultra Soundbar, which features A.I.
Dialogue Mode—a machine-learning setting that automatically adjusts tonalbalance without losing the impact of immersive sound effects.
Bose Fiscal Year 2023 ESG Report16Bose Automotive Sound Systems
In the early 1980s, Bose pioneered the automotive sound market with the first factory-installed premium sound systems, custom-designed for individual car
models. Since then, we’ve partnered with carmakers around the globe to provide custom audio and noise management solutions for a wide range of vehicles.
From small entry-level cars and SUVs to high-performance cars and the electric vehicles of the future, Bose Automotive is on board. We make great cars evenbetter, custom-engineering precise details of the sound experience. We’re even working with carmakers to apply our Active Sound Management technology,
fine-tuning engine sound for improved vehicle characteristics and a better driving experience.

Product Circularity
At Bose, we’re always looking for ways to apply innovation to our products
and our business. As our world moves more rapidly toward a sustainable
future, we’re looking at ways we can support this shift, not only looking at
how we can embrace ESG principles in our products, but how we can makeprogress throughout our supply chain. By increasing our use of low-carbon
materials and exploring opportunities to redesign our packaging, we seek
to continue making our products more sustainable, while also taking key
steps to address climate change.
After conducting a detailed materiality assessment, we’ve developed
a product circularity program and roadmap focused on several key areas:
recycled content, sustainable packaging, product repairability, waste
reduction and energy consumption reduction. Together, these roadmap
activities impact all stages of the product lifecycle.

Recycled Content
We have developed roadmaps to monitor and enhance our ongoing efforts toincorporate recycled content into our new consumer audio and automotive
products. For consumer audio products, we are working to increase the use ofrecycled resins. For select automotive products, we collaborate with suppliers
to meet defined thresholds for recycled content and continually assess ourprogress. In the last year, our teams completed a broad initiative to validate theuse of recycled resin and integrate it in various automotive products.

Sustainable Packaging
Our consumer audio product packaging fulfills two roles: to educate and excite
potential customers and to protect our products during shipment. In an effort toincrease the use of sustainable materials, decrease the use of toxic plastics, anduse less material overall, our packaging team continues to explore new
designs and materials.
When designing new product packaging, Bose has committed to eliminate
select harmful plastics (PVC and EPS). The fiber-based packaging materials usedin new product packaging designs will contain recycled materials or responsibly
sourced virgin fibers where feasible. Our responsibly sourced virgin fiber materials
will be certified by the Forest Stewardship Council® (FSC®), a designation thatindicates the material is sourced from forests that are responsibly managed.
Reducing package size and weightalso impacts material use and shipping
efficiency. Continuous engineering on
our QuietComfort earbud packaging
has resulted in a package volume
reduction such that we fit more thandouble the units onto a pallet. As wedevelop new product packaging, weplan to continue these types of efforts.

Product Repairability
One of the ways we can increase the sustainability of our products is by extending
their lifespans. We have numerous product development initiatives in our consumer audio product pipeline that aim to improve product repairability over the coming
years. We are also developing a repairability design guide that will help us systematically incorporate repairability into our future consumer audio product designs.
Bose Fiscal Year 2023 ESG Report17

E-Waste Reduction
Facing the challenge of end-of-life disposal is an important
responsibility for electronics manufacturers. From designing ourdevices for a long use-life, to improving product repairability, toincreasing recoverable or recyclable content in our products, weare committed to decreasing e-waste in our landfills. We ensurethat e-waste generated in our North American facilities is recycled
by a certified provider. In Yuma, Arizona, our facility’s centralized
accumulation area that collects and recycles scrap from manufacturing, prototyping, and production returns, is a prime example of how
we are working to boost e-waste efforts. To help ensure our products
are responsibly disposed of at the end of their useful life, we provide
recycling and disposal information in the user documentation for
Bose consumer audio products. For additional information on
Waste Management efforts in our operations, see theEnvironmental Strategy and Progress chapter.

Responsible Supply Chain
Bringing Bose products to the global market requires a broad network of suppliers andmanufacturers who provide raw materials and manufacturing services to produce our
products (which we refer to in this section as “business partners”). Since each touchpointin our supply chain can present its own sustainability issues, we continuously reinforce
our expectation that our business partners uphold our values of doing business ethically,
responsibly, and with integrity.

Supplier Code of Conduct
Strong supplier relationships and supply chain transparency are integral to our business.
Our Supplier Code of Conduct, which aligns with the Responsible Business Alliance (RBA)
Code of Conduct, defines our expectations around environmental protection, ethics, healthand safety, and forced or child labor, forming a framework to which we expect our business
partners to adhere.

Reduction of Energy Consumption

Supplier Resiliency Assessment

We strive to reduce the energy consumption of products
whenever possible and comply with all applicable regulations
for standby power and battery charging.

In Fiscal Year 2023, our Supply Chain Resiliency team developed a process to assess new
business partners’ maturity around social factors and business continuity. Also aligned with
RBA standards, this process allows us to better understand risk levels. We continue to work
towards expanding engagement with our other business partners and have begun rolling out
this program with a portion of our consumer audio and automotive business partners
as follows:

Product Refurbishment
Combining our focus on both product reparability and reductionof e-waste, Bose continues to offer a robust program to refurbish
returned products and resell them on our website. Each productis inspected, repaired as needed, cleaned, and tested to our highquality and functionality standards. We also update customer-facing
software and firmware and repackage the product with new cables,
accessories, and documentation before selling the products on our
website. We also regularly analyze data on returned products tounderstand product performance and try to reduce product returns.
We are proud to say that during Fiscal Year 2023, Bose resold 48%
of all products that were returned by customers or resellers acrossa wide variety of product types. In addition to offering value to ourcustomers, refurbished products do not require the same sourcing
or shipping of as many components, materials, or packaging
as required when manufacturing new products.

Financial assessments (322 business partners assessed with 100% response rate)
Supplier Code of Conduct acknowledgement (86% of 293 responded)
GHG Scope 3 self-assessments (sent to our top 10 business partners, which accountfor 90% of our overall global spend with business partners, with 100% response rate)

Additionally, through our member compliance in RBA, business partners comprising 80%
of our overall spend with business partners completed the Self-Assessment Questionnaire(SAQ). If risks or vulnerabilities are identified through these findings, we support theirimprovement with corrective action plans.

Bose Fiscal Year 2023 ESG Report18

Our People
At Bose, a great work environment is about more than just shared space—it’s aboutbuilding a culture that brings out the best in everyone. By nurturing innovation,
well-being, and a sense of belonging, we’re cultivating connections every day
and creating a community we can all call home.

Diversity, Equity, Inclusion & Belonging
Diversity, Equity, Inclusion, and Belonging (DEI&B) are essential aspects of avibrant and successful company. At Bose, we strive to create an environment
where all employees experience a collective sense of belonging and, at the sametime, feel valued for their unique experiences and attributes. We know that a diverse
and inclusive workforce not only creates opportunity for everyone, but it also invites
more creative and innovative thinking. It brings voices to the table with different
perspectives and experiences, as we pursue new products and solutions.
We also know that companies that value and promote DEI&B principles attract
and retain talent more effectively. In our increasingly competitive global market,
inclusivity—now more than ever—is critical to our success. We believe thatdiverse representation and greater inclusion and engagement will lead
to better business outcomes.

Understanding Inclusion Workshops
Bose delivered 55 awareness focused workshops in six languages in 2023: 22
Inclusive Leadership workshops (for managers) and 33 Inclusion and Belonging
workshops (for non-managers). Both workshops were designed to create a common
understanding of the concepts, language, and the roles we all play in enabling aculture that embraces diversity, equity, inclusion, and belonging at Bose. Each workshop was highly interactive and facilitated by experienced subject matter experts.
86% of our managers and 75% of non-managers participated in these workshops
globally, with respondents giving the experience an average ranking of 4.4 out of
5 stars.
Bose Fiscal Year 2023 ESG Report19Bose Diversity Council

Diversity Celebratory Months

The Bose DEI&B Council is a group of employees, including director-level
leaders, that acts to elevate a culture of inclusion at the company. The Council works with Bose leaders to support a culture of belonging, and accelerate
DEI&B goals.

In 2023, Bose proudly observed numerous diversity months. For Black History Monthin February, our Black@Bose ERG invited the community to celebrate the 50th anniversary of Hip Hop with activities that honored the impact of Hip Hop and Blackartists, including a company-wide broadcast that featured conversations with Hip
Hop experts, a young poet laureate, touring DJs, and members of the Black@Bose
community.

Over the last year, pairs of council members were matched with the executive
sponsor of each Bose Employee Resource Group (ERG) to host roundtable
conversations about inclusion. After this listening tour, the council then identified leading themes based on these meetings to select the most impactful
areas of work. One important focus was career development at Bose. To
explore this topic, the Council developed a monthly series of interviews that
spotlight diverse Bose leaders. These interviews, which feature questions
about mentorship and other aspects of their career journey, are now featured
in a monthly newsletter sent to all employees.

Employee Resource Groups
Our leadership-sponsored Employee Resource Groups (ERGs) provide forums
for learning, developing skills, and strengthening bonds within and among
our diverse employee communities. With a current membership of morethan 1,000 employees, our ERGs include:

In March, Women@Bose hosted a series of events to celebrate Women’s History
Month that centered on supporting, empowering, and connecting with one another,while in May, API@Bose celebrated Asian and Pacific Islander Heritage Month with
the Bose community, hosting a panel of Bose API leaders to discuss their journeys.
In June, we raised the Progress Pride Flag at Bose facilities to celebrate LBGTQIA+
Pride Month and reaffirm our commitment to diversity, equity, inclusion, and belonging across our global community. We also sponsored activities to honor Hispanic
Heritage Month, Transgender Awareness Day, and planned events to recognize
the International Day of Persons with Disabilities.

Employee Expo
In 2023, more than twenty internal “vendors” from our ERGs, Human Resources,
our employee wellbeing team, Bose Community Relations, and more set up tables
and booths to highlight their services and roles in creating the Bose culture of
support and engagement. The festive event, which drew more than 500 attendees, featured food, music, prizes, swag bags, headshots, guided meditation sessions, product giveaways, and our Bose Pop-Up Shop. This event not only enabled“vendors” to promote their current initiatives, it also drove membership in our wide
variety of ERGs. In addition to the in-person event at our Framingham headquarters, we also hosted two virtual employee expos for our non-Massachusetts andglobal employees. These expos included 15-minute sessions on topics including
talent development, wellbeing, and all our ERGs.

86%

of managers globally
participated in our Inclusive
Leadership workshops in 2023.

Bose Fiscal Year 2023 ESG Report20Talent Recruitment & Retention
Our dedicated and diverse workforce keeps us on the cutting edge of industry researchand offers us the skillsets we need to bring innovative ideas to market. Thus, attracting,retaining, and developing the very best talent in our industry is essential to our sustainablegrowth. We also recognize that an authentic commitment to advancing sustainability in
our company is important to attracting and retaining our employees. Our people expect
the very best from us and we are dedicated to meeting that expectation.

Hiring Practices
We are extremely thoughtful about how we grow our team at Bose,
embarking on searches that raise awareness of our company and its culture.
First impressions are essential to building successful, lasting relationships.

Early Talent Internship and Coop Program
Bose’s Early Talent program provides a best-in-class experience to attract andhire individuals of the highest caliber, creating a pipeline of top talent to enable
our future growth. The program includes:• Summer internships for students (typically rising seniors graduating within one year);• Co-ops for students who are enrolled at an accredited university to take a semester
off to gain industry experience related to their field of study (participants typicallyreceive school credit); and• Full-time employment for new graduates. This includes interns who were hired
as full-time employees at graduation, and in some of our groups two-year rotational
programs for new graduates in which they complete three to four rotations on
different teams within the group.

Inclusive Hiring

Compensation & Benefits

Bose is committed to increasing diversity across the company at all levels of employment. To pursue this we’ve established partnerships with the National Society of Black
Engineers (NSBE), Out in Tech, and Work Without Limits to enhance our access todiverse talent. Due to the great success of our relationships with these organizations,in Fiscal Year 2024, we plan to expand by forging similar partnerships with the Societyof Women Engineers (SWE), Forté Foundation, the National Society of Black Engineers(NSBE), the National Black MBA Association, the Black Marketers Association of America. We have talent acquisition diversity sourcing professionals on board and havealigned all ERGs with a talent acquisition recruiter, who liaises with the partneringorganizations. Lastly, to prevent any unconscious bias in job descriptions, we use
software that helps ensure our job listings are free of any racial, gender, or age bias,
furthering our goal of more diverse hiring.

At Bose, compensating our workforce fairly and equitably is core to
our culture. We regularly perform salary analyses for all positions toensure our compensation is aligned with the market. We also offer
comprehensive health and welfare benefits, vacation, paid parental
leave and adoption assistance to all U.S. employees who work over 30
scheduled hours per week, alongside educational assistance to further
their professional development and a defined benefit pension to provide
income at retirement. We also offer competitive compensation andbenefits to our employees in other geographies.
Bose Fiscal Year 2023 ESG Report21Professional Development

In our rapidly evolving business environment, keeping our people on the cutting edge of the knowledge economy is crucial forour growth and theirs. Thus, we offer training and development opportunities that enhance their skills, inspire new passions,and help them reach their full potential.

Leadership and Management Development
This fiscal year, our commitment to enhancing leadership and management capabilities remained steadfast. Through a comprehensive approach, we delivered global
programs across diverse formats – in person, virtually, or through online self-paced modules. We delivered team effectiveness sessions utilizing a 360-assessment tool,and the Predictive Index (PI) assessment focusing on leveraging emotional intelligence for effective leadership. To help all managers develop into great leaders, our fully
virtual Global People Manager Initiative (GPMI) introduces best practices, provides key leadership tools, and equips managers to effectively support employees in theareas of performance management and engagement. Through self-paced, on-demand content, participants can explore elective coursework in human resources,
employee lifecycle tasks, and attracting talent, and can use the platform for peer-to-peer collaboration across the Bose global network. The program is now also open
to employees who manage project teams, program managers, and individual contributors who are interested in becoming a manager as a career path.
Recognizing the significance of remote work, we extended our support globally by offering virtual classes, workshops, and online modules to all employees. These
covered essential topics like conducting engaging virtual meetings, excelling in virtual presentations, leading remote teams, and honing business skills like strategic
thinking, communication, business acumen, and analytical intelligence. Our commitment to empowering our workforce continues to thrive in an ever-evolving
professional landscape.

The Gig Marketplace
The Gig Marketplace is an internal talent-sharing and mobility program that allows Bose employees to devote up to 30% of their work hours to short-term project work in an area of interest.
Employees can participate as a host or a participant to mutually offer and gain diverse perspectives and work approaches to improve employee engagement, growth, and retention. Offered
twice annually, the program benefits both the organization and our employees, developing
cross-functional skills and encouraging networking.
In 2023, we also began to offer the opportunity for “custom” Gigs—a Gig that is run off-cycle,
lasts longer than the regular cycle, is offered in a specific region or language, or is created fora specific business unit or individual.

Development of Diverse Talent
At Bose, we recognize the significance of investing in the professional development ofhigh-performing talent to deepen business and leadership acumen. To that end, we established a partnership — The Leadership Consortium. We incorporated the Leadership Consortium’s Leaders Program into our DEI&B strategy to include high-performing and experienced
diverse leaders in the program. Participants reported more engagement at work, more satisfaction in their roles, and an elevated feeling of being valued by Bose. Due to the great success of this program, Bose plans to partner with an external consultancy, Section, to create asix-month program to advance the skill development of manager nominated aspiring leaders,many from underrepresented populations. The program will leverage MBA-level curriculum
and offers participation in a defined mentoring program.
Bose Fiscal Year 2023 ESG Report

22Health & Safety
At Bose, we’re committed to offering programs that help our people maintainhealthy bodies and resilient, engaged minds.

Integrated Health Program
For example, in 2023 we launched our Integrated Health Program at our Tijuana
production site—a program covering multiple wellness initiatives across the company in the areas of physical, mental, and psycho-emotional health. This year ourefforts were largely focused on supporting physical health, and featured support
for employees with medical conditions and a certificate program for pregnant
women. We also sponsored multiple health campaigns such as breast cancer
awareness, a dental health campaign, and a health fair, which drew over 1,200
attendees. In the future, we plan to highlight mental health initiatives, such as
such as offering psychological support for minimal cost, promoting mental health
topics throughout our facilities (such as via the intranet and café screens), andoffering employee workshops in meditation and other topics.

Wellbeing@Bose
Our global Wellbeing@Bose technology hub delivers personalized content to registered participants based on their goals for physical, emotional, intellectual, financial,and social health. With approximately 55% of employees enrolled in the hub, utilization is high for resources such as various tools that nudge employees to keep theirpreventive health care on track. In 2023, Wellbeing@Bose events included a global Wear Red Campaign, in honor of American Heart Month in February; Financial
Wellbeing Workshops, to help employees increase their overall financial literacy; and two global step challenges to increase employees’ activity level, which each
attracted about 600 participants who completed over 80 million steps!

Workplace Safety
Our commitment to wellbeing includes being diligent about preventing
workplace injuries and illnesses and promoting a culture centered aroundhealth and safety. Across our global locations, our Environment, Health & Safety(EH&S) functions train employees on job-related hazards, mandatory safety
procedures, and best practices for identifying and mitigating safety risks.
We comply with applicable occupational health and safety regulations, andcontinually evaluate opportunities for improvement. Our facilities use our EH&S
enterprise software system to track incidents and other important health andsafety metrics. Through our STOP program, we empower our employees toraise awareness of workplace safety issues and propose on-site improvements.

TRIR RATE

FY23
Health& Safety
Metrics

0.53

Total recordable incidents(TRIR) per 200,000 person-hours

DART RATE

Total incidents resulting in days away,
restricted or transferred (DART)
per 200,000 person-hours

0.45

Bose Fiscal Year 2023 ESG Report23Our Communities

At Bose, our passion for collaboration and connection goes beyond the products
we create. From our headquarters in Massachusetts to our facilities around theworld, we’re forging creative and empowering ways to give back to the places where
we work. Women, Black, and Hispanic workers continue to be underrepresented
in science, technology, engineering, arts, and math (STEAM) fields. At Bose, we
contribute to societal efforts to close that gap. Our philanthropic relationships
not only include financial support, but also provide a framework for Bose
employees to make meaningful contributions by volunteering their time.
Bose Fiscal Year 2023 ESG Report24Promoting Education

Winning Futures

We know that by giving students of all ages an opportunity to experience
the power of sound and the science of how we bring it to the world, we
can inspire our next generation of innovators in the STEAM field.

Bose is a sponsor of Detroit-based Winning Futures, a nonprofit organization that empowers high school and college students to achieve the life they dream of through a seven-year
workforce prep and mentoring program.

Geek Is Glam Expo
Geek Is Glam is an annual, all-day STEAM event for middle school girls
hosted by the Girl Scouts of Central and Western Massachusetts. Taking
place on the Worcester Polytechnic Institute campus, more than 300
Girl Scouts in grades four to eight access top scientific and engineering
minds from the region who guide them through topics related to science,technology, engineering, arts, and mathematics. Last year, Bose volunteers led engaging activities for girls to learn more about our real-world
applications in sustainability, noise-cancellation, aviation, and waterproofing. Participants were amazed to see how water could “dance”
when music was played through a submerged SoundLink Flex speaker!
Bose staff also volunteered as panelists to share what they do andwhat inspired them to choose a STEAM career.

Olin College Collaboration
For the Olin College of Engineering’s Senior Capstone Program in Engineering (SCOPE)
program this year, Bose supported a team of senior Olin students in investigating, assessing, and improving the repairability of our in-ear headphone line. Over the course of thisproject, the students engaged with multiple groups across the company—including Packaging, Molded Materials, Repair and Remanufacturing, and the Employee SustainabilityGroup—to researchcradle-to-cradle and other sustainable design methodologies. They
also spent time at Bose meeting the project sponsor and key groups to learn about theircurrent approach and strategy regarding sustainable products. By the end of the project,
the students had achieved realizable tools and recommendations.

Ron Burton Training Village
Based in Hubbardston, Massachusetts, the Ron Burton Training Village(RBTV) is designed to advance the education and leadership skills ofyoung people through a seven-year program, offering them access tobusiness and STEAM education and opening doors to higher education
opportunities. As a long-standing program sponsor, Bose partneredwith RBTV in 2023 to host a group of 60 young women for a visit to theMakerspace on our Framingham campus. Participants attended a panelpresentation about women in the STEAM field and heard about career
opportunities in music, ranging from acoustic engineering to instrument
development to software and electrical engineering, and beyond. They
were also introduced to Bose’s Turn the Dial campaign and heard fromwomen Bose engineers about how their work supports the music industry. Following the panel presentation, students were given the chance
to design and build their own instruments as an engineering challenge.
Bose was also a key sponsor for RBTV’s Humanitarian Award Dinner
in May 2023, and donated Bose products for its STEAM Classroom
and Movie Theater & Education Center.
Bose Fiscal Year 2023 ESG Report25

Employee & Corporate Giving
While the gift of our employees’ time and talents has enriched our communities,
we also look for opportunities to give resources that will support the needs ofindividuals and the organizations that serve them.

80¢ Campaign
Over a decade ago, the staff in our Tijuana, Mexico manufacturing facility collaborated tolaunch a campaign to raise funds for important causes in their surrounding community.
Named the 80¢ Campaign, individuals could opt to have MEX80¢ a day (the equivalentof US25¢) deducted from their paychecks to support local healthcare and service
organizations. Currently, over 70% of Tijuana employees participate in this campaign,and their donations support over 3,000 people annually through the following programs:• Foundation Castro Limon, a nonprofit that raises
funds to provide care for children and adolescentswith cancer.
• Hospital Infantil de las Californias, a nonprofit
that helps children with physical disabilities.
• Hospital Mental de Tijuana, which provides
psychological and psychiatric care for people
experiencing mental illness.
• Asilo el Refugio, an elder-care institution thathosts 165 seniors that do not have support ofextended families.

Product Donations
In support of both community needs and the company’s product circularity priorities, every
year Bose makes substantial donations of new and discontinued audio equipment to organizations across the country. This equipment fills both educational and entertainment gaps
for thousands of individuals, primarily from underserved communities, bringing the power ofsound into their daily lives. Over the past year donations were made to the following groups:• Boys and Girls Club of America: 2,000 pairs of wired headphones were donated to
10 clubs across Massachusetts.
• Massachusetts Public Schools: 1,400 wired headphones were given to schools
near our global headquarters in Framingham, Massachusetts.
In Fiscal Year 2024, Bose plans to expand our corporate giving to reach a broader array of
STEAM organizations that serve underrepresented populations.

Turn the Dial Campaign
Sometimes the best way we can give back is by increasing access to thepower of sound to meet the needs and promote the talents of others.
Only 2.8% of popular music is produced by women. Bose is working hard
to “turn the dial” on this statistic by partnering with She Is The Music—
a nonprofit organization dedicated to increasing the number of women
working in music—and producers H.E.R., PinkPantheress, WondaGurl,
and Blond:ish. By celebrating women producers and paving the way forupcoming talent, Bose is working hard to help make music as diverseas the people listening.
Bose and She is The Music have also created a “Sound is PowerImpact
Board,” comprised of accomplished music artists and repertoire (A&R)
executives and producers who are committed to reviewing and considering submissions from up-and-coming female producers, contributing
to a pipeline for the next generation of female talent.
Bose Fiscal Year 2023 ESG Report

26

GRI Index
General Disclosures
GRI Standard / Other Source

Information /Location in Report

1. The Organization and its Reporting Practices
GRI 2:
General Disclosures 2021

2-1 Organizational Details

Bose Corporation: Framingham, MA, United States
Bose Facilities Worldwide: Bose’s facilities are located in 25 countries worldwide. Bose is a privately held company, registered as a Delaware Corporation.

2-2 Entities includedin the organization’ssustainability reportingCountries in which Bose operates that are included in emissions reporting:Australia, Belgium, China, Denmark, France, Germany, Italy, Japan, Mexico,
the Netherlands, Norway, Poland, Portugal, South Korea, Sweden, the United
Arab Emirates, the United Kingdom, and the United States.

2-3 Reporting period,
frequency and contact point

Reporting Period: Fiscal Year 2023 (April 1 2022 - March 31, 2023)
Frequency: Annual
Contact Point: Contact us athttps://support.bose.com/s/get-help-landing-page?language=en_US

2-4 Restatements
of information

Past fiscal year carbon emissions and energy use metrics vary from past
Bose ESG Reports due to a change in data collection scope.

2-5 External assurance

Bose does not seek external assurance for its ESG Report.

2-6 Activities, value chain andother business relationships

Pages 16 and 17

2-7 Employees

Page 72-8 Workers who are
not employees

Not disclosed.

2-9 Governance structure
and composition

Bose Corporation is a privately owned company and the governancestructure is not publicly disclosed. Please see page 6 for an overview of
ESG Governance at Bose.

2-10 through 2-12

Not disclosed.

2. Activities and Workers
GRI 2:
General Disclosures 2021

3. Governance
GRI 2:
General Disclosures 2021

GRI Index
GRI 2:
General Disclosures 2021

2-13 Delegation of responsibility
for managing impacts

Page 6

2-14 through 2-21

Not disclosed.

2-22 Statement onsustainable development

Page 32-23 Policy commitments

Page 62-24 through 2-26

Not disclosed

2-27 Compliance withlaws and regulations

Page 62-28 Membership associations• Responsible Business Alliance• IPC• Auto ISAC
• AIAG• National Association of EH&S Management (NAEM)• National Safety Council (NSC)• Call 2 Recycle

2-29 Approach to
stakeholder engagement

Page 72-30 Collective bargaining
agreements

None of Bose’s employees are covered by collective
bargaining agreements in the United States.

3-1 Process to determinematerial topics

Page 93-2 List of Material Topics

Page 94. Strategy, Policies and Practices
GRI 2:
General Disclosures 2021

5. Stakeholder Engagement
GRI 2:
General Disclosures 2021

Material Topics
GRI 3: Material Topics 2021

GRI Index
Business Ethics and Compliance
GRI 3: Material Topics 2021

3-3 Managementof Material Topics

Page 6

GRI 205: Anti-corruption 2016

205-1 Operations assessed forrisks related to corruption

Not disclosed.

GRI 3: Material Topics 2021

3-3 Managementof Material Topics

Page 10

GRI 302: Energy 2016

302-1 Energy consumption
within the organization

233,699 GJ
Page 13 for further information.

302-3 Energy intensity

0.076 (GJ/sq. ft.)
Page 13 for further information.

302-4 Reduction ofenergy consumption

Page 13305-1 Direct (Scope 1)
GHG Emissions

3,101 MTCO2ePage 13 for further information.

305-2 Energy indirect (Scope 2)
GHG Emissions

16,952 MTCO2e (location-based)
Page 13 for further information.

305-4 GHG emissions intensity

0.0064 (CO2e/sq. ft.)

305-5 Reduction of
GHG emissions

Page 13

Climate Change & GHG Emissions

GRI 305: Emissions 2016

Community Support and Engagement
GRI 3: Material Topics 2021

3-3 Managementof Material Topics

Page 24

GRI 413: Local Communities 2016413-1 Operations withlocal engagement, impact
assessments, anddevelopment programs

Pages 24-26

GRI Index
GRI 203: Indirect
Economic Impacts 2016

203-1 Infrastructure investments
and services supported

Page 26203-2 Significant indirect
economic impacts

Page 26

Diversity, Equity, Inclusion, and Belonging (DEIB)
GRI 3: Material Topics 2021

3-3 Managementof Material Topics

Pages 19 and 20

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

For diversity efforts within Bose, please refer to pages 19 and 20.

GRI 3: Material Topics 2021

3-3 Managementof Material Topics

Pages 21 and 22

GRI 401: Employment 2016

401-2 Benefits provided tofull-time employees that are
not provided to temporary
or part-time employees

Page 21401-3 Parental leave

Page 21404-2 Programs for upgrading
employee skills and transition
assistance

Pages 21 and 22

GRI 3: Material Topics 2021

3-3 Managementof Material Topics

Page 23

GRI 403: Occupational
Health and Safety 2018403-2 Hazard identification,risk assessment, and incident
investigation

Page 23

Employee Recruitment and Retention

GRI 404: Training
and Education 2016
Employee Health and Safety

GRI Index
Employee Health and Safety
GRI 403: Occupational
Health and Safety 2018403-4 Worker participation, consultation, and communication on
occupational health and safety

Page 23403-5 Training on occupational
health and safety

Page 23403-9 Work-related injuries

Page 23

GRI 3: Material Topics 2021

3-3 Managementof Material Topics

Page 14

GRI 303: Water and Effluents 2018

303-5 Water consumption

2,554,851.06 cubic ft
Page 14 for further information.

GRI 306: Waste 2020306-1 Waste generation andsignificant waste-related impacts

Page 14306-2 Management of significant
waste-related impacts

Page 14306-3 Waste generated

6,6690.39 metric tonnes
Page 14 for further information.

Waste and Water

Product Circularity and Responsible Supply Chain
GRI 3: Material Topics 2021

3-3 Managementof Material Topics

Pages 17 and 18

GRI 301: Materials 2016

301-2 Recycled input
materials used

Pages 17 and 18