Environmental, Social, Governance (ESG) Update Report

Overview

The report describes Valens Semiconductor's 2024 ESG progress, including its acquisition of Acroname and three automotive design wins. It reports a 22% year-over-year reduction in combined Scope 1 and Scope 2 emissions and a 9% reduction in total electricity consumption. The company also reports 100% employee performance-review coverage, employee well-being initiatives, and increased electronic-waste recycling. ESG oversight is assigned to the board-level Nominating, Governance and Sustainability Committee.

Document

Report type: Sustainability Report
Class: Dedicated
Scope: Full report
Fiscal year: 2024
Period: 1 January 2024 – 31 December 2024
Language: English
Pages
File size

Standards

GRI
SASB
TCFD
ISSB
ESRS
Integrated Reporting Framework
GHG Protocol
EU Taxonomy
CDP

Ratings

GRI level

Materiality

Assessment
Basis

Assurance

Statement included

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