Company Announcements

SAN JOSE, Calif.--(BUSINESS WIRE)--Nov. 18, 2024-- Credo Technology Group Holding Ltd (Credo) (NASDAQ: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, is proud to announce the completion of its inaugural Greenhouse Gas (GHG) emissions and carbon footprint calculation for calendar year 2023. This comprehensive GHG report, created in collaboration with environmental consultancy Minimum, marks a significant step forward in the company’s journey towards improved environmental sustainability.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241118346647/en/

This comprehensive GHG report, created in collaboration with environmental consultancy Minimum, marks a significant step forward in the company’s journey towards improved environmental sustainability. (Graphic: Credo)

Targeting direct office emissions as well as indirect emissions from purchased electricity and heating, the report calculation concentrated on Scope 1 and Scope 2 emissions. Credo acknowledges the environmental issues facing the semiconductor sector, especially with relation to energy-intensive procedures. To read about our scope 1 and 2 emissions, visit here: 2024 Credo GHG Report

“This year has been pivotal in laying the groundwork to understand and reduce our environmental footprint,” said Bill Brennan, CEO of Credo. “Our high-performance connectivity solutions are optimized for low power, enhancing energy efficiency in data centers around the world. Alongside these innovations, we’ve transitioned our San Jose facilities to 100% renewable energy sources. Now, with this emissions baseline, we can collaborate more effectively with industry partners to develop a comprehensive carbon offset strategy.”

By setting these sustainability goals and leading by example, Credo encourages other industry leaders to join the effort toward a sustainable future. Additional details on Credo’s sustainability initiatives and GHG reporting plans will be shared in its upcoming Environmental Social Governance (ESG) report.

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/20241118346647/en/

Media Contact:
Diane Vanasse
diane.vanasse@credosemi.com

Investor Contact:
Dan O’Neil
dan.oneil@credosemi.com

Source: Credo Technology Group Holding Ltd