Credo Releases Environmental, Social and Governance (ESG) Report for 2023

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Credo Technology Group Holding Ltd (CRDO) Releases 2023 ESG Report

SAN JOSE, Calif.--(BUSINESS WIRE)-- Credo Technology Group Holding Ltd (“Credo”) (Nasdaq: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power and energy-efficiency, today released its 2023 Environmental, Social and Governance (ESG) report detailing Credo’s initiatives and efforts around environmental management, diversity, equity, and ethical conduct.

ESG isn’t just about ticking boxes for us. It’s about being on the right side of history, delivering value for our customers, and igniting a culture of continual innovation. It’s also about assessing our current position and identifying what actions we need to take to meet our long-term goals. We are starting from a strong position – the market leading energy and cost efficiency of our high-speed SerDes based solutions are helping our customers meet their increasing performance needs at a lower financial and environmental cost. (Graphic: Business Wire)

Since the company’s founding, Credo has aspired to be on the right side of history regarding how we treat our people, our community, and the environment as well as our customers, partners, and other stakeholders. The publication of our first ESG report offers a valuable opportunity to illustrate how ESG considerations are intricately woven into our operations, empowers us to set new objectives, and commemorates the strides we have taken in our role as a leader of high-performance, energy-efficient networking solutions.

Credo’s ESG report is grounded in the sense of a strong connection combined with accountability. The report outlines key ESG priorities: employee development, retention, and well-being; supply chain management; employee health and safety; business ethics; and data privacy and security.

In 2024, Credo plans to expand this list of priorities by analyzing our greenhouse gas emissions and engaging with our suppliers to create an effective carbon offset strategy.

To read the full report, please visit our ESG page.

About Credo

Our mission is to deliver high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. Credo is an innovator in providing secure, high-speed connectivity solutions that deliver improved power efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market. Our innovations ease system bandwidth bottlenecks while simultaneously improving on power, security, and reliability. Our connectivity solutions are optimized for optical and electrical Ethernet applications, including the emerging 100G (or Gigabits per second), 200G, 400G, 800G and the emerging 1.6T (or Terabits per second) port markets. Credo products are based on our proprietary Serializer/Deserializer (SerDes) and Digital Signal Processor (DSP) technologies. Our product families include Integrated Circuits (ICs) for the optical and line card markets, Active Electrical Cables (AECs) and SerDes Chiplets. Our intellectual property (IP) solutions consist primarily of SerDes IP licensing.

For more information, please visit https://www.credosemi.com. Follow Credo on LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231128075429/en/

Diane Vanasse

diane.vanasse@credosemi.com

Source: Credo Technology Group Holding Ltd

FAQ

What is the latest press release from Credo Technology Group Holding Ltd (CRDO)?

Credo Technology Group Holding Ltd (CRDO) has released its 2023 Environmental, Social and Governance (ESG) report detailing its initiatives and efforts around environmental management, diversity, equity, and ethical conduct.

Where can I view the full 2023 ESG report from Credo Technology Group Holding Ltd (CRDO)?

You can view the full 2023 ESG report from Credo Technology Group Holding Ltd (CRDO) on the Business Wire website at the following link: https://www.businesswire.com/news/home/20231128075429/en/

What does the 2023 ESG report from Credo Technology Group Holding Ltd (CRDO) focus on?

The 2023 ESG report from Credo Technology Group Holding Ltd (CRDO) focuses on its initiatives and efforts around environmental management, diversity, equity, and ethical conduct.

Why is the 2023 ESG report release significant for Credo Technology Group Holding Ltd (CRDO)?

The release of the 2023 ESG report is significant for Credo Technology Group Holding Ltd (CRDO) as it demonstrates the company's commitment to environmental sustainability, diversity, equity, and ethical business practices.