Mobileye Releases 2023 Sustainability Report

Business Wire 14-Nov-2024 8:00 AM

Inaugural report highlights ESG progress and commitment to enhancing safety, efficiency and accessibility in transportation

Mobileye (NASDAQ:MBLY) has published its inaugural Sustainability Report for 2023, a comprehensive overview of its efforts and commitment to environmental, social and governance (ESG) initiatives. The foundational report marks the beginning of Mobileye's ESG journey, detailing company-wide business practices aligned with the Company's vision of enhancing safety, efficiency and accessibility in transportation. See the report here.

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Mobileye's campus in Jerusalem. (Photo: Business Wire)

"I'm pleased to share our inaugural Sustainability Report," said Kobi Ohayon, Chief Operating Officer of Mobileye. "2023 served as a pivotal period in which Mobileye defined key areas of focus and established initial processes and baseline measures to assess future progress. We eagerly anticipate progressing along the path we've established as an independent company for the benefit of all stakeholders."

Since its founding in 1999, Mobileye's mission has been to save lives and prevent road accidents through technology innovations. Mobileye's growing global workforce, spanning six countries, is unified in its ambition to bring the life-changing benefits of intelligent driving to everyone, everywhere.

Guided by that mission, Mobileye offers a comprehensive portfolio of Advanced Driver Assistance Systems (ADAS) and autonomous vehicle (AV) solutions designed to address road safety challenges while improving driver experiences. Leveraging expertise in computer vision, machine learning, and data analysis to enhance automotive safety and autonomous mobility, Mobileye aims to improve automotive safety and autonomous mobility, positively impacting everyday lives.

The report provides an in-depth look at Mobileye's focus on quality and product stewardship, privacy and data protection, the well-being of its people and communities, while striving towards a more sustainable future. Some highlights include:

• LEED Platinum Certification: Mobileye's new headquarters in Jerusalem received a LEED Platinum rating from the U.S. Green Building Council (USGBC). The campus excelled in Water Efficiency, Innovation and Regional Priorities, underscoring Mobileye's dedication to ambitious sustainability goals and efficient operations.
• Democratizing Safety: As of December 30, 2023, Mobileye solutions had been installed in hundreds of vehicle models worldwide, with the EyeQ™ system-on-chip (SoC) deployed in about 170 million vehicles to date, demonstrating the Company's commitment to democratizing safety and realizing the societal benefits of driver assistance.
• Community Contributions: In 2023, Mobileye allocated $1.2 million to numerous non-profit organizations and social causes, supporting a diverse range of initiatives, including across education, healthcare, and various welfare causes.
• Waste Diversion: Mobileye's offices collectively recycled 28 tons of material, including cardboard, paper, electronics, plastic, and batteries, with electronic waste comprising 63% of total materials diverted.

The company aims to provide an annual comprehensive disclosure of the ongoing initiatives that make Mobileye a progressive corporate citizen.

Mobileye (NASDAQ:MBLY) leads the evolution of mobility with our autonomous driving and driver-assistance technologies, based on world-renowned expertise in artificial intelligence, computer vision, mapping, and integrated hardware and software. Since our founding in 1999, Mobileye has enabled the wide adoption of advanced driver-assistance systems while pioneering groundbreaking technologies such as REM™ crowdsourced mapping, True Redundancy™ sensing, Responsibility-Sensitive Safety™ (RSS™) driving policy and Driving Experience Platform (DXP). These technologies support a product portfolio structured for scale and designed to unlock the full potential of mobility, offering a range of solutions from premium ADAS to autonomous vehicles. By the end of 2023, more than 170 million vehicles worldwide have been equipped with Mobileye technology. In 2022, Mobileye listed as an independent company separate from Intel (NASDAQ:INTC), which retains majority ownership. For more information, visit https://www.mobileye.com.

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