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April 1, 2022

Teradyne and Carbon Emissions

Teradyne's new Costa Rica office
Teradyne’s new Costa Rica office

As a company, our impact on the environment is important to us and we are constantly looking for ways to reduce our environmental influence on the world. Some ways in which we prioritize this is via natural resource conservation, waste minimization, increasing our energy efficiency, and emission reduction. In 2020, we produced 993 megawatts of renewable energy and we are striving to increase this number on an annual basis. The grand opening of our newest office in Costa Rica and our plans to achieve our commitment to 100% renewable energy for our U.S. Scope 2 emissions for all our locations in the United States by 2025 are both reflections of how we are prioritizing emission reduction. In 2021, we expanded our operations in Costa Rica with the completion of a new, larger building. Construction started in 2020 and the new facility of 118,704 square feet opened in July 2021. Costa Rica is one of the greenest countries in the world, with 98% running on renewable energy; 67.5% is hydropower, 17% wind, 13.5 % geothermal, 0.84% biomass and solar panels, and the remaining ~2% being backup power plants. Our new Costa Rica office is growing rapidly and if there is future need for expansion, we own adjacent land. Not only did we just open a new office in Costa Rica, but we are also working diligently to achieve net zero emissions for all our North American Scope 2 operations by the year 2025. Scope 2 emissions are those resulting from the generation of electricity we purchase. Currently, Teradyne’s carbon footprint in the U.S. is responsible for greater than 50% of our total global footprint. With a goal to reduce this percentage, we are working to take carbon out of the atmosphere by increasing our renewable energy use to offset what we are putting into the environment. We are participating with other companies to build a solar renewable energy site in Illinois, the most charged grid in the U.S. regarding carbon emissions. The agreement is set to be signed later this year be in operation by 2025. In addition to our goal to have this renewable energy site up and running in the United States in 2025, we are simultaneously looking to do similar projects globally. Office Second Floor Lobby Gameroom