Intel Corp

We are committed to transparently reporting on our climate change and other policy-related activities, including our political contributions, oversight processes, and engagement with trade associations. More information concerning our policies, goals, actions and results can be found in our annual Corporate Responsibility Report at: [intel.com/responsibility.](http://www.intel.com/responsibility)

We follow an integrated approach to addressing climate change - with multiple teams responsible for managing climate related activities, initiatives, and policies - including manufacturing and operations, government and public affairs, finance, legal, supply chain, and product business units. The Intel Board of Directors has ultimate oversight with respect to ESG (Environment, Social, and Governance) matters, including climate-related oversight. Three members of our Board of Directors (Ms. Barbara Novick, Mr. Gregory Smith, and Mr. Dion Weisler) are particularly knowledgeable on climate-related issues as a result of their prior experiences. The Corporate Governance and Nominating Committee of the Intel Board of Directors supports the Board in overseeing Intel's sustainability initiatives and performance, including with respect to GHG emissions. Management provides formal updates to the Governance Committee at least twice each year, and at least annually to the full Board, on the company's corporate social responsibility performance and related disclosures. In 2023, this included a review of the 2022-2023 Corporate Responsibility Report and updates on issues including environmental sustainability, climate risk and transition action plan, human capital, and human rights. For the majority of 2023, five Board members served on this committee. Our integrated outreach team, led by our Investor Relations group, provides updates to the CEO and the Board on investor expectations with respect to ESG matters, which allows for integration into climate-related strategy, investments, and goals. Management provides updates on corporate responsibility strategy and goals to the Board at least annually. We believe that environmental commitment starts at the top of the organization. The CEO has primary responsibility for the operational leadership and strategic direction of Intel, including climate-related issues, and reviews Intel's climate goals annually. The CEO is supported by the ESG Executive Steering Committee, which is comprised of select members of Intel's Executive Leadership Team and provides further oversight, leadership, and direction for climate-related initiatives. This committee reviews and approves ESG and climate-related decisions, including Intel's Climate Transition Action Plan. The RISE Management Review Committee (MRC) is responsible for supporting and directing Intel's ESG strategy and escalating relevant topics to members of Intel's Executive Leadership Team, as necessary. The RISE MRC also reviews and provides operational direction and feedback for ESG and climate-related topics. Management accountability is further segmented by the impacted area of the business. There are two cross-functional management committees that are responsible for the execution of Intel's Climate Transition Action Plan: - The Foundry Manufacturing and Supply Chain Environmental Steering Committee, which includes the Chief Sustainability Officer and Corporate Vice Presidents from our technology development, supply chain, and operations organizations. This committee drives initiatives designed to achieve our operations and supply chain GHG reduction targets and reviews progress to these goals at least annually. - The Low Carbon Management Review Committee, which includes the Chief Product Sustainability Officer and technical leaders from product, platform engineering, and software divisions. This committee is responsible for driving sustainability goals and standards for Intel products, platforms, and ecosystem. Progress is reviewed at least annually by this committee.

##### Governance, Ethics, and Public Policy

###### Embedding Corporate Responsibility
Intel Guidelines
We believe having an integrated strategy and embedding corporate

responsibility across the company is the most effective management

###### and Policies on
approach to drive continuous improvements in our performance. We Strategic
have established cross-functional Management Review Committees

(MRCs) of senior executives who manage corporate responsibility

###### Corporate
and sustainability activities across the organization. Our global Responsibility Corporate Responsibility Office acts as an internal adviser to drive

strategic alignment and incorporate external stakeholder input into

###### Issues: decisions and processes, for example, development of the 2030

corporate responsibility strategy and goals. Many Intel business

Intel Values groups have established teams dedicated to corporate responsibility

issues. Read more about the oversight and management of all areas

Intel Code of Conduct

of Corporate Responsibility in each section of this report and on the

Intel Global Human [Report Builder website.](https://www.intel.com/content/www/us/en/corporate-responsibility/csr-report-builder.html)
Rights Principles

We have developed corporate guidelines and policies that take

Combating Modern Slavery

into account the concept of shared value and frameworks such as

and Ensuring Transparent

[the UN Global Compact, International Labour Standards, OECD](https://www.ilo.org/global/standards/introduction-to-international-labour-standards/lang--en/index.htm)

Supply Chains [Guidelines for Multinational Enterprises, and the UN Sustainable](http://mneguidelines.oecd.org/guidelines/)

Intel RBA Commitment Letter [Development Goals.](https://sustainabledevelopment.un.org/?menu=1300)

Intel EHS Policy

###### Linking Compensation to Corporate

Intel Climate Change Policy

###### Responsibility Factors

Statement

Since 2008, we have linked a portion of our executive and employee

Intel Global Water Policy

compensation to corporate responsibility factors in our Annual

Intel Political Accountability Performance Bonus (APB). In 2021, we included environmental,
Guidelines social, and governance (ESG) metrics aligned with our culture

transformation and 2030 RISE goals, including diversity and

Intel Responsible Minerals
Sourcing Policy

Intel Corporate Accessibility
Policy

**Integrated Value Framework**

inclusion, employee experience, climate change, and water
stewardship. In 2022, we set out new metrics in these same areas.
[For more detail, see our 2022 Proxy Statement and the Sustainable](https://d1io3yog0oux5.cloudfront.net/_ed348ff76d7c69bcc4927d621432eb7b/intel/db/958/8825/file/Intel+2022+Proxy+Statement_Website.pdf)
and Inclusive sections of this report.

###### Integrated Investor Outreach

During 2021, our integrated outreach team, led by our Investor
Relations group, Corporate Responsibility office, Human Resources,
and Corporate Secretary's office—and including representatives
from other business groups—met in Fall 2021 to discuss a wide
range of issues, including ESG topics, with investors representing
approximately 37% of our outstanding shares. We believe that our
approach to engaging openly and year-round with our investors
regarding ESG issues drives increased corporate accountability,
improves decision making, and ultimately creates long-term value.
The feedback we receive through our investor outreach activities is
communicated to Intel's Board of Directors and relevant committees
throughout the year.

In response to investor feedback, we further integrated ESG
[information into our 2021 Annual Report on Form 10-K, 2022 Proxy](https://www.intc.com/filings-reports/all-sec-filings/content/0000050863-22-000007/0000050863-22-000007.pdf)
[Statement, and Investor Relations website; expanded disclosure](https://d1io3yog0oux5.cloudfront.net/_ed348ff76d7c69bcc4927d621432eb7b/intel/db/958/8825/file/Intel+2022+Proxy+Statement_Website.pdf)
on culture, human capital management, and climate risk; the Board
increased its focus on additional risks areas such as macroeconomic
political, events such as natural disasters and public health crises and
business specific such as human capital risks. We further aligned
our disclosure with external reporting frameworks such as the
[Sustainability Accounting Standards Board, Task Force on Climate-](https://www.sasb.org/)
[related Financial Disclosures and other reporting frameworks.](https://www.fsb-tcfd.org/)

Risk Management Operations Brand Revenue

**License to Operate and Governance**

- Regulatory risk (e.g., environmental)

- Community engagement

- Supply chain

**Cost Savings and Continuous**
**Improvements**

- Operational efficiency

- Management quality

- Employee engagement

**Reputation and Goodwill**

- Differentiation

- Trusted partner

- Goodwill

**Growth and Innovation**

- Market expansion

- Product innovation

- New customer needs

Embedding corporate responsibility and sustainability into our business and decision-making creates value for Intel in four main ways. It helps us: reduce risk and protect our
license to operate, improve the efficiency and effectiveness of our operations, protect and build brand value, and drive revenue growth through innovation and identification of

###### Intel Guidelines
and Policies on
Strategic
Corporate
Responsibility Issues:

Intel Values

Intel Code of Conduct

Intel Global Human
Rights Principles

Combating Modern Slavery
and Ensuring Transparent
Supply Chains

Intel RBA Commitment Letter

Intel EHS Policy

Intel Climate Change Policy

Statement

Intel Global Water Policy

Intel Political Accountability
Guidelines

Intel Responsible Minerals
Sourcing Policy

Intel Corporate Accessibility
Policy

Intel Product Content
Declaration for REACH

Intel Quality Policy

Intel's Support of the UN
Sustainable Development Goals

Access documents at
[intel.com/responsibility.](http://www.intel.com/content/www/us/en/corporate-responsibility/corporate-responsibility.html)

###### Board Oversight of ESG

We established formal Board-level oversight for
corporate responsibility in 2003. The Board's Corporate
Governance and Nominating (CGN) Committee has
primary responsibility for oversight of ESG issues at
Intel, with additional topics also reviewed by other
committees (e.g., the Compensation Committee is
responsible for oversight of human capital issues, and
the Audit and Finance Committee is responsible for
oversight of our ethics and compliance program).
Management provides formal updates to the CGN
Committee at least twice each year and at least annually
to the full Board on the company's ESG performance
and disclosure. In 2022, this included review of the
annual Corporate Responsibility Report and updates
on issues including environmental sustainability,
climate risk, human capital, human rights, political
accountability, and investor outreach and feedback.
A number of directors have expertise on key ESG
issues and as part of every Board search, our Board is
committed to actively seeking women and minority
candidates, as well as candidates with diverse back­
grounds, experiences, and skills—see "Board Diversity
[and Refreshment" on page 35 of our 2023 Proxy](https://d1io3yog0oux5.cloudfront.net/intel/files/pages/intel/annual-stockholders-meeting/2023/412437%281%29_34_Intel_NPS_WR_R1.pdf)
[Statement for details. Since 2018, Intel has been a](https://d1io3yog0oux5.cloudfront.net/intel/files/pages/intel/annual-stockholders-meeting/2023/412437%281%29_34_Intel_NPS_WR_R1.pdf)
[member of the Thirty Percent Coalition, which focuses](https://www.30percentcoalition.org/)
on strategies to increase gender, racial, and ethnic
diversity on corporate boards.

One of the Board's functions is the oversight of risk
management, which includes ESG-related risks. The
Board receives periodic briefing and informational
sessions by management on the types of risks the
company faces and enterprise risk management.
Management is responsible for identifying risk and
risk controls related to significant business activities;
mapping the risks to company strategy; and developing

programs and recommendations to determine
the sufficiency of risk identification, the balance of
potential risk to potential reward, and appropriate
ways to control risk.

A full description of the Board's responsibilities,
skills, experience, director biographies, compensation
practices, commitment to diversity, and oversight
[of risk management are available in our 2023](https://d1io3yog0oux5.cloudfront.net/intel/files/pages/intel/annual-stockholders-meeting/2023/412437%281%29_34_Intel_NPS_WR_R1.pdf)
[Proxy Statement.](https://d1io3yog0oux5.cloudfront.net/intel/files/pages/intel/annual-stockholders-meeting/2023/412437%281%29_34_Intel_NPS_WR_R1.pdf)

###### Public Policy and Political Accountability

Intel works with governments, organizations, and
industries around the world to advocate for policies
that encourage new ideas, promote fair commerce,
and protect resources. We also work to educate
political candidates about the implications of public
policy decisions for our business, and in the US provide
financial support to candidates who hold positions
consistent with our business objectives.

We work to make our priorities and positions on key
[issues clear by including information on our Public Policy](http://www.intel.com/content/www/us/en/company-overview/public-policy.html)
[website, publicly supporting amicus briefs, or submitting](http://www.intel.com/content/www/us/en/company-overview/public-policy.html)
testimony. In 2022, we published statements on our
[Public Policy blog covering a range of issues important to](https://community.intel.com/t5/Blogs/Intel/Policy-Intel/bg-p/blog-policy)
our business and industry, including US federal investment
in the domestic semiconductor manufacturing industry;
preparing the tech workforce of the future; benefits and
risks of quantum computing; rebalancing semiconductor
supply chains; and more.

To advance our social equity goals, in 2022, we delivered
$1 million in grants to six historically Black colleges or
universities (HBCUs). We also renewed our $250,000
investment in Georgia Tech's Center for Engineering
Education and Diversity program and we continued
our collaborations with Arizona State, HBCU.vc,
Advancing Minorities' Interest in Engineering (AMIE),
and the Inclusive Engineering Consortium (IEC) to
help support diverse students in engineering and
entrepreneurship. In 2023, we are revamping our
Minority Serving Institute initiatives to align with Intel's
IDM 2.0 strategy, beginning with a new call for proposals
in the first quarter.

Intel's global social equity principles guide our work
with governments and organizations to build a more
equitable world and advance legislation to combat
systemic inequities impacting employees and
communities globally. Included are regulation and
policies in the areas of economic, education, digital,
health, justice, environmental, and civic equity. We
also advocate for initiatives that expand access to
technology, including broadband.

We engage with trade associations to help us work
collaboratively with other companies and groups to
address key public policy issues on a range of corporate
responsibility and sustainability issues. Recent
examples include:

- [Social equity: Working as a member of the Business](https://www.businessroundtable.org/)

[Roundtable to advance action on racial and social](https://www.businessroundtable.org/)
justice issues in the US.

- [Climate change: Collaborating with the Center](https://www.c2es.org/)

[for Climate and Energy Solutions to encourage](https://www.c2es.org/)
climate action.

- Responsible Supply Chain: Partnering with the

[Responsible Business Alliance (RBA), Responsible](http://www.responsiblebusiness.org/)
[Minerals Initiative (RMI),](https://www.responsiblemineralsinitiative.org/) [Responsible Labor Initiative](https://www.responsiblebusiness.org/initiatives/rli/)
(RLI), and other stakeholders to educate policymakers
on the benefits of collective action on responsible
global supply chain practices.

- Sustainable Corporate Governance: Working with the

[RBA, Digital Europe, and other stakeholders to improve](https://www.digitaleurope.org/)
the knowledge and understanding of policymakers on
the benefits of common approaches to responsible
business conduct and to align future due diligence
requirements with existing international frameworks.

For more information, see "Climate and Energy,"
"Social Equity," and "Responsible Minerals Sourcing."

###### Digital Climate Alliance

Together with other technology companies, we con­
[tinued our commitment to the Digital Climate Alliance](https://www.digitalclimate.io/)
to advance discussions with policymakers on the value
and opportunity of the information and communications
technology (ICT) "handprint," or the ways in which
technology can be applied to help reduce climate impact.
Our homes, cars, buildings are all being integrated with

"smart" devices that allow them to be connected to the
internet, cloud computers, and AI. The Digital Climate
Alliance sees an opportunity to integrate climate policy
with interconnected data and digital tools.

--NEW-PAGE--

[The Intel Political Accountability Guidelines outline our](http://www.intel.com/content/www/us/en/policy/policy-political-accountability.html)
approach to making political contributions, including
senior management and Board-level review processes
and our goal of transparency. Decisions on political
contributions, whether from the Intel Political Action
Committee (IPAC) or corporate funds, consider Intel's
business objectives, corporate policies, and the public
[policy priorities outlined on our Public Policy and](http://www.intel.com/content/www/us/en/company-overview/public-policy.html)
[Corporate Responsibility websites.](http://www.intel.com/content/www/us/en/corporate-responsibility/corporate-responsibility.html)

We publish reports on our corporate contributions,
IPAC contributions, and trade association membership
[dues on our Report Builder website.](https://www.intel.com/content/www/us/en/corporate-responsibility/csr-report-builder.html)

**2022 Contributions**

Contribution Type Amount

###### Intel was named a "Trendsetter" company in the 2022 CPA-Zicklin
Index of Corporate Political Disclosure and Accountability.

Direct Corporate Contributions. Intel makes
relatively few direct political contributions using
corporate funds, and has a policy of not making
independent political expenditures or funding
electioneering communications.

Intel Political Action Committee. Our goal is to not
contribute corporate funds to IPAC other than for
administrative purposes. All employee participation
in IPAC is voluntary. IPAC's approach targets balanced
support of Democratic and Republican candidates
each cycle.

Industry and Trade Associations. We disclose trade
association membership dues and payments to other
tax-exempt organizations such as 501(c)(4) and
501(c)(6) organizations annually, including the reported
portion of dues used for political purposes for annual
dues over $50,000.

Lobbying Expenses. Intel files quarterly reports with
the Secretary of the US Senate and the Clerk of the
US House of Representatives that detail our lobbying
activities. These reports can be found in the Senate's
[Lobbying Disclosure Act Database. We also publish](https://lda.senate.gov/system/public/)
[updated lobbying expenditures on our external Report](https://www.intel.com/content/www/us/en/corporate-responsibility/csr-report-builder.html)
[Builder website annually.](https://www.intel.com/content/www/us/en/corporate-responsibility/csr-report-builder.html)

We regularly evaluate our political spending for effec­
tiveness and alignment as part of our contributions
process. Decisions are to be made based on states
and districts with a significant Intel presence and
leadership on committees of jurisdiction on important
Intel priorities. In response to stakeholder feedback,
we have further enhanced our review process by adding
reviews of public statements to better assess alignment
with our values. Under our policies, if we identify some
degree of misalignment, we are to communicate directly
with contribution recipients. In cases of significant mis­
alignment across our multiple key public policy issues,
we are to take action to realign future funding decisions.

Corporate contributions, including state
and local candidates, campaigns, and
ballot propositions

$191,150

Intel Political Action Committee
$1,184,800
contributions

###### Policy on Anti-Corruption

Intel seeks to conduct its business with integrity and to
adhere to applicable anti-corruption laws, including the
US Foreign Corrupt Practices Act, the UK Bribery Act,
and local anti-corruption laws in the locations where we
do business. Our long-standing global anti-corruption
program includes governance mechanisms designed to
[support adherence to our Policy on Anti-Corruption by](https://www.intel.com/content/www/us/en/supplier/governance/forms/documents/anti-corruption-english.html)
our employees and supply chain, and to provide for easy
reporting of concerns.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Intel employs a variety of mechanisms that, collectively, are designed to ensure consistency among our climate policy influencing activities and our internal operations. The Intel Political Accountability Guidelines outline our approach to making political contributions, including senior management and Board-level review processes and our commitment to transparency. Decisions on political contributions, whether from the Intel Political Action Committee (IPAC) or corporate funds, consider Intel's business objectives, corporate policies, and the public policy priorities outlined on our Public Policy and Corporate Responsibility websites. We publish reports on our corporate contributions and trade association membership dues and payments, including the reported portion of dues used for political purposes. We regularly evaluate our political spending for effectiveness and alignment as part of our contributions process. We assess recipients' overall voting records related to our key policy issues and make funding decisions that we believe in aggregate will have the greatest benefit for our stockholders and key stakeholders. In response to stakeholder feedback, we further enhanced our review process by adding reviews of public statements to our existing reviews of voting records to better assess alignment with our values. When we identify some degree of misalignment, we will communicate directly with contributions recipients. In cases of significant misalignment across our multiple key public policy issues, we will take action to realign future funding decisions. In 2021, we published statements on our public policy blog covering a range of issues important to our business and industry, including climate change. We have also communicated our positions directly with key trade associations whose positions did not appear to be aligned with science-based climate policy. We also have an Executive-led sustainability committee that sets the overall strategic direction comprised of several senior leaders, including Vice Presidents and Director's of our Global Public Affairs and Sustainability, Corporate Responsibility Office, Supply Chain Responsibility, and Global Environment, Energy and Sustainability Policy organizations. That team, in turn, holds regular review meetings to ensure that operational and influencing activities are in line with the direction set by the sustainability committee, including issues related to science-based climate policy and positions.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes