Universal Electronics Unveils Inaugural Sustainability Report

Universal Electronics Inc. (UEI) (NASDAQ: UEIC), the global leader in wireless universal control solutions for home entertainment and smart home devices, announced it released its first-ever Sustainability Report for the calendar year ended 2023 detailing its commitment to environmental, social, and governance standards. The comprehensive report highlights the company's progress, sustainability materiality assessment, climate scenario analysis and future sustainability goals.

“We're excited to unveil our inaugural Sustainability Report, a testament to our dedication to business ethics, integrity and sustainability,” said UEI Chairman and CEO Paul Arling. “Our responsible and sustainable practice is built upon four core pillars:

• OUR PEOPLE: Ensure our employees are provided a working environment where they feel like they belong and where they are safe, healthy, and productive.
• OUR PRODUCTS: Design and manufacture products with a small environmental footprint through the entire life of the product while sourcing along a responsible supply chain.
• OUR COMMUNITIES: Uphold and protect the rights of people and communities throughout our supply chain.
• OUR PLANET: Reduce resource use and waste output in our own operations and work with our suppliers to do the same.

“UEI is committed to creating a more sustainable future through effective corporate citizenship and by reducing our environmental impact. We are proud of our progress and will increase transparency by providing regular updates. The report serves as a roadmap for our continued journey and demonstrates our accountability to stakeholders,” concluded Arling.

2023 Highlights

• Achieved a Bronze Sustainability Rating from EcoVadis for the second year in a row.
• Embedded sustainability into operations from product and packaging design to facility management.
• Executed strategy to optimize the global footprint of the company.
• Formalized oversight by expanding the role of the Board Corporate Governance, Sustainability and Nominating Committee, strengthening the Executive Sustainability Steering Committee and introducing a cross-functional Sustainability Working Group.
• Updated the human rights policies and enhanced the due diligence procedures.
• Invested in the workforce, recognizing them as a vital part of the company’s success.
• Commissioned a third-party assessment to determine the material topics, identify key areas for improvement and map the top priorities.

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