Company: PENG
Filing Date: 2025-12-19
Form Type: DEF 14A
Source: 0001616533-25-000073
Chunk: 24

Company: Penguin Solutions, Inc.
Filing Date: 2025-12-19
Form: DEF 14A
Chunk 24
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 advance progress in the areas of environmental sustainability, governance and ethics, human capital, supply chain responsibility, and community engagement.

Our Environmental, Social, and Governance Steering Committee (the “Steering Committee”), which reports to our Board’s NCG Committee, meets regularly to develop and implement strategies regarding our environmental and social sustainability profile. The Steering Committee is made up of senior executives in Legal, Human Resources, Supply Chain and Operations, and Marketing and Communications. The Steering Committee reviews our policies, evaluates and sets long-term objectives, and approves public disclosures regarding corporate social responsibility, and the NCG Committee is responsible for overseeing such efforts. The Steering Committee provides regular updates to the NCG Committee, and the NCG Committee updates the full Board.

Over the past four years, we have achieved a number of goals related to improved safety in our operations, enhanced protection of our employees, and expanded sourcing of clean energy. In 2025, we took further steps to pursue our goal of achieving net zero Scope 1 and Scope 2 carbon emissions by 2030, pursued opportunities to responsibly promote an inclusive workplace (we take such efforts seriously, along with our responsibility to comply with applicable civil rights laws), and prioritized supporting employee engagement by implementing initiatives focused on employee recognition, career development, and well-being.

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#### Our Sustainability Initiatives
In 2025, we reaffirmed our efforts on the following goals established in prior years with regard to environmental sustainability, governance and ethics, and inclusion and belonging (our “Future Impact Goals”):

| Future Impact Goals          |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| Environmental Sustainability |     | •Achieve net-zero Scope 1 and Scope 2 carbon emissions by 2030.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
 •Transparently report on our climate action and water management efforts publicly and measure our success against industry-accepted frameworks, ratings, and scores.                                                                                                                                                                                                                                                                                                                                                                                                               
 •Maintain ISO 14001 and ISO 45001 certifications at all major sites.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
 •Require all new key suppliers to adhere to our Supplier Code of Conduct and conflict mineral requirements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| Governance and Ethics        |     | •Transparently report on our sustainability program and meaningfully engage with stakeholders to integrate feedback and seek continuous and appropriate improvement on our performance.                                                                                                                                                                                                                                                                                                                                                                                            
 •Increase executive accountability to sustainability initiatives, including by adding measurable human capital and environmental stewardship performance goals in our executive bonus program in order to hold our executives