Maxeon Solar Technologies Mediaroom

Maxeon Solar Technologies Listed
Among the World's 100 Most
Sustainable Companies byCorporate Knights
SINGAPORE, Jan. 18, 2023 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN) ("Maxeon" or the"Company"), a global leader in solar innovation and channels, announced today that it has been included in the19th annual Corporate Knights' 2023 Global 100 Index of the most sustainable corporations after just its second
full year of operations. Maxeon earned a place in the top 1% of all global companies evaluated.
The Global 100 is an annual ranking by Corporate Knights, an international sustainable business research firm,
which rigorously assesses the performance of the world's largest publicly listed companies. A suite of 25
quantitative key indicators, ranging from sustainability and natural resource management, employee
management, financial metrics, and supplier performance, are used to develop the top 100 list.
The main criteria that ensured the inclusion of Maxeon in 2023 ranking were, among others, the Company's
total revenue generation from clean power and sustainable investments, sustainability of its supply chain,respect for human and labor rights at the Company's factories, its circular economy practices such as recycling
and lean manufacturing, and the Company's female representation in the executive management team.
"Sustainability for Maxeon is a 360° commitment and at the core of everything we do. We are honored to beacknowledged as one of the most responsible corporations in the world," said Mark Babcock, interim CEO atMaxeon. "We see this recognition both as a validation of our current business model and an incentive to go evenfurther. Maxeon supports the clean energy transition by ensuring easy access to highly-efficient solar panels
which last longer than any other panel in the industry, reducing demand for new materials and avoiding millions
of tons of carbon emissions every year. However, we know that renewable generation still needs to be scaled up
significantly to fight climate change and ensure a livable future for all. At Maxeon, we are dedicated to this goal;
we continue to push the boundaries of innovation in partnership with all our valued stakeholders to leave apositive impact on the communities we work with and the planet.""With renewables set to take the stage as global power capacity increases in the coming years, solar panels arebecoming an increasingly important player in the world's energy mix. We are pleased to see companies like
Maxeon lead with 100% sustainable investment and revenue, joining the Global 100 ranks
alongside other leading sustainability performers." said Toby Heaps, Corporate Knights' CEO and co-founder.
"We are proud to be included in the ranking and to join a number of other inspiring organizations recognized forbeing at the forefront of tackling the global energy and climate crisis. At Maxeon, we are committed to theprotection of the environment by powering a circular economy, while being a fair and inclusive business."concluded Lindsey Wiedmann, Chief Legal Officer and Global ESG Executive Leader at Maxeon.
Please reference Maxeon's most recent Sustainability Report and Maxeon's long term targets for more
information on the Company's ESG achievements, initiatives, and future plans.
For the full list of the Corporate Knights' 2023 Global 100 Index and details on methodology, visit
https://www.corporateknights.com/resources/global-100/.
About Maxeon Solar Technologies
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Change™. Headquartered in Singapore,
Maxeon designs and manufactures Maxeon® and SunPower® brand solar panels, and has sales operations inmore than 100 countries, operating under the SunPower brand in certain countries outside the United States.
The company is a leader in solar innovation with access to over 1,000 patents and two best-in-class solar panel
product lines. Maxeon products span the global rooftop and solar power plant markets through a network ofmore than 1,400 trusted partners and distributors. A pioneer in sustainable solar manufacturing, Maxeon
leverages a 35-year history in the solar industry and numerous awards for its technology. For more information
about how Maxeon is Powering Positive Change™ visit us at www.maxeon.com, on LinkedIn and on Twitter@maxeonsolar.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Actof 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, including, but not limited to,statements regarding our expectations and plans for short- and long-term strategy, including our product andtechnology focus, our technology outlook and future performance; the effectiveness of our environmental andsustainability efforts and our ability to achieve the expected benefits; the incorporation of governance-led,sustainable or environmentally beneficial features in our management, during development of new projects orprocesses, or the implementation of improvements to existing projects and processes; demand and growthprojections; our relationships with our stakeholders, and our ability to develop and maintain them; and ourgoals, commitments, expectations, prospects as well as external ESG commitments, initiatives, and futureplans. Among other things, the quotations from management in this press release contain forward-lookingstatements. These forward-looking statements are based on our current assumptions, expectations and beliefs
and involve uncertainties that may cause results, performance or achievement to materially differ from thoseexpressed or implied by these forward-looking statements. A detailed discussion of these factors and otherrisks that affect our business is included in filings we make with the SEC from time to time, including our Form
20-F, particularly under the heading "Item 3.D. Risk Factors." Copies of these filings are available online fromthe SEC or on the Financials & Filings section of our Investor Relations website at www.maxeon.com/financialsfilings/sec-filings. All forward-looking statements in this press release are based on information currently
available to us, and we assume no obligation to update these forward-looking statements in light of new
information or future events.

SOURCE Maxeon Solar Technologies, Ltd.
For further information: Investor Contact: Robert Lahey, Robert.Lahey@maxeon.com, Mobile: +1 (202) 2461872, Media Contact: Anna Porta, anna.porta@maxeon.com, +39 345 770-6205
https://mediaroom.maxeon.com/2023-01-18-Maxeon-Solar-Technologies-Listed-Among-the-Worlds-100-MostSustainable-Companies-by-Corporate-Knights