CORSAIR Commits to Climate Action by Joining The Climate Pledge with Amazon and Global Optimism

Rhea-AI Summary

Corsair Gaming, Inc. (Nasdaq: CRSR) expressed its commitment to environmental stewardship in a letter to Ms. Christiana Figueres, Founding Partner of Global Optimism. The company outlined its strategic path to achieving carbon neutrality, revealing that 59.28% of all the electricity it purchased globally in 2022 was derived from renewable sources. Five facilities, including the largest European site in Almere, Netherlands, and the headquarters in California, are now using 100% renewably sourced electricity. Corsair plans to install rooftop solar energy at its Milpitas, CA headquarters. The company joined The Climate Pledge, committing to achieve net-zero carbon emissions no later than 2040, in line with the principles of the Paris Agreement.

MILPITAS, Calif.--(BUSINESS WIRE)-- Corsair Gaming, Inc. (Nasdaq: CRSR) ("Corsair" or the "Company"), a leading global provider and innovator of high-performance gear for gamers, streamers, content-creators, and gaming PC builders, expressed its commitment to environmental stewardship in a letter directed to Ms. Christiana Figueres, Founding Partner of Global Optimism, underscoring CORSAIR’s existing sustainability initiatives, while outlining its strategic path to achieving carbon neutrality.

Delving into our environmental impact through comprehensive data gathering for our first filing with Carbon Disclosure Project (CDP) in 2023, we made significant discoveries. Globally, across 16 facilities, 59.28%[1] of all the electricity we purchased was derived from renewable sources. This is a testament to our commitment to improving sustainable practices across our operations. Also encouraging is that five of our facilities, including our largest European site in Almere, Netherlands, and our headquarters in California, are now using 100% renewably sourced electricity.

This knowledge helps us target the areas where improvements can be made. We will complete another major step in early 2024 with the installation of rooftop solar energy at our Milpitas, CA headquarters. These are good discoveries, and important steps, and we know there is more work to do.

CORSAIR firmly believes in the necessity of immediate and collective action to combat climate change. By formally joining The Climate Pledge, CORSAIR stands in solidarity with Amazon, Global Optimism, and the diverse assembly of over 400 signatories. The central aim of The Climate Pledge is to achieve net-zero carbon emissions no later than 2040, encompassing Scopes 1, 2, and 3 emissions—a commitment that aligns with CORSAIR’s environmental objectives.

As a signatory of The Climate Pledge, CORSAIR pledges to:

• Consistently monitor and report its greenhouse gas emissions.
• Implement comprehensive decarbonization strategies in harmony with the principles of the Paris Agreement. This includes making tangible business changes and fostering innovative solutions such as enhancing energy efficiency, transitioning to renewable energy sources, reducing material usage, and developing strategies to eliminate carbon emissions.
• Take supplementary measures to offset any remaining emissions, leveraging quantifiable, permanent, and socially beneficial offsets, with the overarching objective of achieving net-zero annual carbon emissions by 2040.

The decision by CORSAIR to align with The Climate Pledge underscores its strong commitment to sustainability. The company eagerly anticipates becoming an integral part of a global community that encourages the exchange of knowledge, ideas, and best practices, thus driving forward the vital cause of climate action.

[1] Percentage is estimate based on total electricity purchased in 2022 with sourcing data and declarations provided by energy suppliers.

About CORSAIR

CORSAIR (NASDAQ:CRSR) is a leading global developer and manufacturer of high-performance gear and technology for gamers, content creators, and PC enthusiasts. From award-winning PC components and peripherals to premium streaming equipment, smart ambient lighting, and esports coaching services, CORSAIR delivers a full ecosystem of products that work together to enable everyone, from casual gamers to committed professionals, to perform at their very best.

Copyright © 2023 CORSAIR Memory, Inc. All rights reserved. CORSAIR and the sails logo are registered trademarks of CORSAIR in the United States and/or other countries All other company and/or product names may be trade names, trademarks, and/or registered trademarks of the respective owners with which they are associated. Features, pricing, availability, and specifications are subject to change without notice.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231215884238/en/

Investor Relations:

Ronald van Veen

ir@corsair.com

510-578-1407



Media:

David Ross

david.ross@corsair.com

+44 11 8208 0542

Source: Corsair Gaming, Inc.

FAQ

What is the company name and ticker symbol of the organization mentioned in the press release?

The company mentioned in the press release is Corsair Gaming, Inc. and its ticker symbol is CRSR.

What percentage of electricity purchased by Corsair Gaming globally in 2022 was derived from renewable sources?

59.28% of all the electricity purchased by Corsair Gaming globally in 2022 was derived from renewable sources.

What are some of the facilities of Corsair Gaming that are now using 100% renewably sourced electricity?

The largest European site in Almere, Netherlands, and the headquarters in California are now using 100% renewably sourced electricity.

What is The Climate Pledge and what does it entail for Corsair Gaming?

The Climate Pledge aims to achieve net-zero carbon emissions no later than 2040, encompassing Scopes 1, 2, and 3 emissions. Corsair Gaming has committed to monitor and report its greenhouse gas emissions, implement comprehensive decarbonization strategies, and take supplementary measures to offset any remaining emissions in line with the principles of the Paris Agreement.