GlobalFoundries : Read the 2024 Corporate Responsibility Report

2024 Sustainability Report

Company profile

CEO letter

Sustainability priorities and strategy Governance

Human rights

Health, safety and wellbeing Technology for humanity People

Community impact

Sustainable manufacturing

Responsible sourcing

About this report

Annex

2024

Sustainability Report

Table of contents

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2024 Sustainabillity Report

Company profile

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2024 Sustainabillity Report

GF company profile

GlobalFoundries (GF) is a leading manufacturer of essential semiconductors the world relies on to live, work and connect. The complex, feature-rich chips we make enable billions of electronic devices that are pervasive in daily life and throughout nearly every sector of the global economy.

Every day, we innovate and partner with customers to enable new, smarter and more power-efficient technologies for the automotive, smartphone, internet of things, communications infrastructure and other high-growth markets. With our diverse international team and manufacturing footprint spanning the U.S., Europe and Asia, GF is the trusted and dependable manufacturing arm for customers, delivering differentiated essential chips globally and locally.

Just as the chips we manufacture are vital to the innovations that are leading to a cleaner, healthier future, GF is committed to minimizing our impact on the environment, driving positive change and creating value through corporate responsibility.

GlobalFoundries 2024 Sustainability Report

What we make

Semiconductor manufacturing is among the most complex manufacturing processes in the world. Requiring a strictly controlled environment, the process includes a sequence of hundreds to thousands of processing steps in which electronic circuits are gradually built on a silicon surface. The resulting chips can be the size of a fingernail, or smaller, and feature billions of individual transis- tors. GF's differentiated portfolio of semiconductor platforms provide a wide range of solutions optimized for the end markets served by our customers.

Global footprint

GF's global manufacturing footprint enables us to make the differentiated technology platforms our customers need, where they want them produced, with the flexibility and security their supply chains require. GF has four world-class manufacturing sites, across the United States, Germany and Singapore. Our fabs provide the scale, geographic diversification and flexibility to meet the dynamic needs of our customers around the globe. By manufacturing on three continents, GF delivers reliable capacity and supply chain security that are vital to our customers and the world economy.

$7.4B*

2023 revenue

250+

customers

~12,000

employees

2.2M

2023 wafer shipments (300mm eq.)

4

manufacturing sites across three continents

~9,000

patents

* For full financial information, please refer to the GF Q4 2023/ full year 2023	4
earnings presentation:GlobalFoundries 4Q23 Earnings Deck (gf.com)

Company profile

Global footprint

Santa Clara San Diego

IMEC

Essex Junction Malta

New York City

Dresden

Munich

Soa

Yokohama

Seoul

Austin

Dallas

Shanghai

Bangalore

Hsinchu

Penang

Singapore

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GlobalFoundries 2024 Sustainability Report

Company profile

End markets we serve

Semiconductors drive the global economy and are at the heart of technological advancement and scientific progress. By providing a secure and reliable supply of chips to our customers in five key end markets, GF creates value for society by enabling these companies to shape their markets and create products that are accelerating the innovation of more sustainable, safer and increasingly useful products for the future. Through an intense focus on collaboration, we have built deep strategic partnerships with a broad base of more than 250 customers1, many of whom are the global leaders in their field.

Our mission, vision and values

Our mission: At GF, we innovate and partner with our customers to deliver solutions for humanity. We manufacture semiconductors around the globe.

Our vision: We are changing the industry that is changing the world.

Our values: We approach our work and our relationships with unyielding integrity and four key principles.

Automotive

Software defined

Enhanced technology platforms for next generation vehicles

Home and industrial IoT Secure and connected

Innovative solutions for AI at the edge

Smart mobile devices	Performance,
	power, and speed

Immersive experiences with industry-leading technologies

Create

• Innovate beyond what is possible today
• Differentiate our technology to enable customer success
• Have a passion for problem-solving
• Increase value for our customers and our shareholders

Embrace

• Diversity is our com- petitive advantage
• Respect is how we treat everyone
• The best ideas come from being inclusive
• The best work comes from acting with shared sense of purpose

Partner		Deliver
•	Collaborate across		•	Work effectively,
	all borders and			efficiently and
	boundaries			decisively
•	Strive for win-win		•	Focus on outcomes
	outcomes			and stay accountable
• Build trust as the basis			for results
	of every relationship		•	Celebrate and
•	Deliver on our			reward success
	commitment		•	Stay safe-nothing
	every time			matters without it

Communications infrastructure and datacenter

Aerospace, defense and critical infrastructure

Future ready

Ultra-fast,ultra-efficient connectivity in the age of AI

Secure, trusted and resilient supply

Mission critical technologies with reliable regional supply

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GlobalFoundries 2024 Sustainability Report

1 As of December 31, 2023

Company profile

2023-2024 Highlights

To better deliver for our customers and shape what is essential, we have announced a range of new innovations, milestones, partnerships, initiatives and long-term supply agreements, including:

• Furthering our commitment to sustainable operations and fighting climate change, GF announced new long-term goals of achieving net-zerogreenhouse gas emissionsand 100% carbon-neutral power by 2050 (April 2024)
• The U.S. government announced $1.5 billion USD in planned direct funding for GF as part of theU.S. CHIPS and Science Act,
  to enable GF to expand and create new manufacturing capacity for essential chip manufacturing for automotive and other key markets (Feb. 2024)
• Infineon and GF announceda new multi- year agreementon the supply of Infineon's AURIX™ TC3x 40-nanometer automotive microcontrollers as well as power manage- ment and connectivity solutions, adding resiliency to the European automotive supply chain (Jan. 2024)

• Packaging and test services provider Amkor Technology and GF initiated a strategic partnership in Europe andcelebrated aribbon-cuttingat an Amkor facility in Portugal, to strengthen the European automotive supply chain and expand services for global customers (Jan. 2024)
• Keppel and GF announced amulti-yearpower purchase agreementto provide electricity at GF's Singapore site, positioning GF to reduce emissions from our Singapore site by more than 10% annually (Jan. 2024)
• To strengthen workforce development and our talent pipeline, GF announced anew student loan repayment programto help U.S.-based employees and eligible new recruits pay up to $28,500 USD in student loan debt, tax-free (Nov. 2023)
• GFwas awarded $35 millionUSD by the U.S. government to accelerate implementation of large-scalemanufacturing in Vermont of GF's gallium nitride (GaN)-on-siliconchips, which stand to offer performance and efficiency benefits for smartphones, electric vehicles, power grids and other applications (Oct. 2023)

• GFopened its $4 billion USD facility expansion in Singapore, boosting GF's global manufacturing footprint and further strengthening the supply chains of our customers (Sept. 2023)
• Theopening of GF's new hub facilityin Penang, Malaysia, provides fundamental round-the-clocksupport for GF's global manufacturing operations (Sept. 2023)
• The U.S. Department of Defense extended its partnership with our company, awarding GFa10-year,$3.1 billion USD contractfor the supply of secure semiconductors for use across a wide range of critical aerospace and defense applications (Sept. 2023)
• GF announced asuite of advancements to our 22FDX platform, with innovations that bring exceptional power efficiency, enhanced performance, temperature- resistant operation and other benefits to demanding IoT and automotive applications (Sept. 2023)

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GlobalFoundries 2024 Sustainability Report

Company profile

• GFannounced additionsto two of its technology platforms for next-generationelectric and autonomous vehicles, 40ESF3 AutoPro™ 175 and 130BCDLite Gen2 ATV125, to meet the market's growing demand for improved efficiency, safety and connectivity (Aug. 2023)
• GF announced ournew 9SW RFSOI platform, which offers significant improvements in flexibility, performance, integration, size and cost for 5G mobile and wireless communica- tions applications (Aug. 2023)
• Defense contractor Lockheed Martin and GFannounced a strategic collaborationto advance U.S. semiconductor manufacturing and innovation and to strengthen the supply chain for national security systems (June 2023)
• The U.S. governmentaccredited GF'sfacility in Malta, New York, as a Category 1A Trusted Supplier with the ability to manufacture secure semiconductors for a range of critical aerospace and defense applications (May 2023)

• GF announced a strategic university part- nership withGeorgia Techto collaborate on joint semiconductor research, education and workforce development (March 2023)
• Auto manufacturer General Motors and GFannounced a strategic,long-termagreementestablishing a dedicated capacity corridor at GF's facility in Malta, New York, exclusively for GM's chip supply (Feb. 2023)

For the latest news and announcements from GlobalFoundries, please visit: Newsroom | Global- Foundries (gf.com)

For additional information on GlobalFoundries, please see our 20-F filing with the U.S. SEC: Form20-Ffor GlobalFoundries INC filed 04/29/2024 (gf.com)

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GlobalFoundries 2024 Sustainability Report

Company profile

Awards and recognitions

Over the past three years, GF has been recognized for outstanding employment practices and for exceptional CSR (Corporate Social Responsibility) and EHS (Environmental, Health and Safety) performance with the following awards and recognitions:

ESG (Environmental, Social and Governance) ratings and frameworks

1. Morningstar Sustainalytics: Received "Low Risk" ESG Risk Rating with an overall score of 15.8 in April 2024. Included in "Industry Top-Rated ESG Companies" list, 2023 and 2024.

1. Institutional Shareholder Services (ISS): "Prime" Corporate ESG Performance, earning a decile2 ranking of "1", May 2023.

1. S&P Corporate Sustainability Assessment (CSA): As of May 7, 2024, our company performed in the top decile2 in the Semiconductors & Semiconductor Equipment Industry in the S&P Global Corporate Sustainability Assessment.

1. Newsweek: "America's Most Responsible Companies" list, 2023 and 2024.

1. Carbon Disclosure Project (CDP): "B" rating Climate Change 2023; "B" rating for Water Security 2023.

Environmental

1. U.S. Environmental Protection Agency: 2022 Environmental Merit Award - GF Burlington, Vermont (2022)

1. National Pollution Prevention Roundtable: 2022 Most Valuable Pollution Prevention Award - GF Malta, New York (2022) and GF Burlington, Vermont (2022)

1. New York Power Authority (NYPA): Corporate Sustainability Leadership Award (2022)

1. Casella Waste Systems: Sustainability Leadership Award - GF Burlington, Vermont (2022)

Occupational health and safety

1. Healthiest Employers of the Capital District [Albany, New York] - GF Malta, New York (2018 - 2023)

1. Vermont Governor's Excellence Award: Worksite Wellness - Gold level - GF Burlington, Vermont (2023, 2022, 2021, 2020), Silver (2019)

o EHS Today: America's Safest Companies Award (2020)

Talent: Workplace; diversity, equity & inclusion

1. Equity 100 Award, from the Human Rights Campaign (HRC) for being a leader in LGBTQ+ workplace inclusion (2023-2024)

1. Included in WayUp's Top 100 Internship program (2023)

1. Great Place to Work-Certified™ - GF Singapore
   (2024, 2023, 2022)

1. 2023 Employee Experience Awards (EXA) - GF Singapore (2023)
2. • Employee Experience Champion of the Year 2023
   • Overall Learning Award
   • Gold Best Award for:
   • • Remote Work Strategy
     • Diversity and Inclusion Strategy
     • First-TimeManager Program
     • Capability Development Program for the HR team
     • Learning and Development Program
     • Soft Skills Training Program

1. AccelHERate & DivHERsity Awards - GF India recognized as a Top 3 Company in the Electrical/ Electronics/ Semiconductor category (2023, 2024)

1. Albany Business Review: "Women in Leadership" Award Winner - GF Malta, New York (2022)

1. Business Council of New York State: Workforce Innovation Award (2022)

1. Global Equity Organization Awards: Most Innovative Plan Award for Employee Stock Purchase Plan (2022)

Community: Philanthropy and educational partnerships

1. Singapore Children's Cancer Foundation: Gold Philanthropy Award (2022)

Responsible Business Alliance (RBA) Validated Assessment Program (VAP) audit recognition

1. GF Burlington, Vermont achieved the maximum score of 200 in its February 2021 and March 2023 VAP audits.

1. GF Malta, New York achieved the maximum score of 200 in its December 2022 and October 2020 VAP audits.

1. GF Dresden, Germany achieved the maximum score of 200 in its November 2023 and November 2021 VAP audits.

1. GF Singapore achieved the maximum score of 200 in its June 2023 and November 2020 VAP audits.

GlobalFoundries 2024 Sustainability Report

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2 The decile rank indicates in which decile (tenth part of total) the rating ranks within the industry.	Company profile
The top decile or a decile ranking of "1" indicates the rating is within the top 10% for the industry.

CEO letter

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2024 Sustainability Report