Slide 1: 2024 Corporate Social Responsibility Report
2024 Corporate Social Responsibility Report © 2025 Universal Display Corporation. All rights reserved. Issued on April 24, 2025.
Slide 2: Table of Contents
Table of Contents 3 Message from Our CEO 39 Our Carbon & Climate 4 Our Company 43 Our Environment, Health & Safety 13 Our People 51 Our Performance 24 Our Community 57 GRI Index 28 Our Supply Chain 71 SASB Index 36 Our Certified Management Systems 75 About Our Report 2
Slide 3: A Message From Our CEO
A Message From Dear Stakeholders, We proudly celebrated Universal Display Corporation’s 30th newly designed Trenton, NJ school. We also renewed local academic and research partnerships, including Ewing High School, the Smith Family Foundation, Rutgers University’s Our CEO anniversary in 2024. UDC be
Slide 4: Our Company
Our Company oe
Slide 5: Universal Display Corporation (UDC) Overview
Universal Display Corporation (UDC) OLED Pioneer Enabling Industry Growth Overview Leader in the research, development & Leading Global Supplier of Energy- Efficient PHOLED Materials commercialization of OLED technologies and materials for use in displays and solid-state lighting. Innovator with Rob
Slide 6: UDC: Strong Corporate Citizen
UDC: Strong Corporate Citizen UDC’s Energy-Efficient Diverse & Inclusive Workplace Diverse Board of Directors Phosphorescent Materials 100% UniversalPHOLED® emitters Geographic: From > 25 countries 45% female and 55% male save energy Gender: 22% female and 78% male1 Named a 2024 Champion of Board UD
Slide 7: About Our Company
About Our Company Fast Facts Universal Display Corporation Corporate Headquarters: Ewing, NJ, U.S. Lighting up the OLED (organic light emitting diode) Subsidiaries: UDC, Inc.; UDC Ireland Limited; Adesis, Inc.; OVJP Corporation; revolution with its proprietary OLED technologies and highly UDC Ventur
Slide 8: Our Global Presence
Our Global Presence UDC is headquartered in Ewing, NJ, with offices around the world. Our proprietary UniversalPHOLED® materials are manufactured by our foundry partner, PPG, at their Monroeville, PA and Barberton, OH facilities, as well as at UDC’s Shannon, Ireland site, which is also operated by P
Slide 9: UniversalPHOLED Energy Efficiency Innovation
UniversalPHOLED® Energy Efficiency Innovation Smartphone Display Power Consumption Current performance (2025) Red & green PHOLED w/ fluorescent blue ~72% Energy consumption compared to 2015 Projected additional performance improvement Full red, green & blue PHOLED vs. Prior devices containing fluore
Slide 10: Design for Environment
Design for Environmental Processing & Manufacturing Environment Our processes are designed for: • Minimizing waste, hazardous byproducts, and emissions • Protecting our workers and environment • Recycling/re-use Environmental Packaging UDC strives to use environmentally responsible packaging materia
Slide 11: Strong, Broad & Deep Patent Portfolio
Strong, Broad & Deep Patent Portfolio RGB • We develop and license enabling technologies Phosphorescent OLEDs that are at the heart of consumer OLED products Dry Printed (PHOLEDs) OLEDs Plasmonic worldwide, from AR/VR, smartwatches, (OVJP) PHOLED smartphones, IT (tablets, laptops, monitors), automot
Slide 12: Investing in Continuous Innovation
Investing in Continuous Innovation Innovation is in Universal Display Corporation’s DNA. Across the Company, we are continually building new and expanding existing core competencies to accelerate and advance our materials and technology initiatives, including by: • Growing our innovative R&D pipelin
Slide 13: Our People
Our People Our People
Slide 14: About Our Workplace
About Our Workplace At Universal Display Corporation, we know that our hardworking team of brilliant employees with their commitment to excellence is critical to the Company’s continued success. UDC has a truly diverse — both geographically and culturally — global team: • 465 full-time scientists, e
Slide 15: Our Commitment to Diversity and Inclusion
Our Commitment to Diversity and Inclusion We foster a culture where all employees feel valued and empowered. We value and respect one another for our differences at all levels. We believe that a diverse workforce where people have different ideas, strengths, interests and cultural backgrounds drives
Slide 16: About Our Workforce
About Our Workforce Universal Display Corporation Employees 2023 2024 Global Employees (Full-Time) 455 465 Employees in the U.S. 408 411 % Employees in U.S. 90% 88% % Employees Outside the U.S. 10% 12% % Female Employees (Global) 22% 22% % Male Employees (Global) 78% 78% % Global Female Leaders (Dir
Slide 17: About Our Workforce
About Our Workforce Growing Headcount in a Growing Company 2022 2023 2024 Global Employees (Full-Time) 443 455 465 Turnover Rate 12.6% 8.9% 5.6% Employees by Age Group 2024 (U.S.) Y/Y Growth Rate (Full-Time) 8.3% 2.7% 2.2% 30 & younger 14% EEOC Categories (U.S.) 2022 2023 2024 Over 50 31% % White 58
Slide 18: Commitment to Ethics and Compliance
Commitment to Ethics and Compliance • Business Ethics: We strive to maintain the highest standards of corporate governance and ethics and to operate in compliance with all applicable laws wherever we work. • Human Rights: UDC remains committed to fundamental human rights for all. We strive to protec
Slide 19: Rewarding Our People
Rewarding Our People Competitive Compensation and Benefits • UDC's success depends on attracting and retaining an engaged workforce 2024 Bonuses: • We offer all our employees a comprehensive benefits package 100% of eligible employees received bonus • UDC’s compensation philosophy is to provide mark
Slide 20: Rewarding Our People
Rewarding Our People Financial Benefits Flexible spending accounts UDC-provided short- & long-term disability Group term life insurance 401(k) plan with an automatic 3% non-elective Company contribution for all eligible employees Employee Stock Purchase Plan (ESPP): All eligible UDC employees can sh
Slide 21: Rewarding Our People
Rewarding Our People Health and Wellness • Health Insurance: Medical/Prescription Drug Coverage, Dental, and Vision for employees and family • Transit, Health and Dependent Care Flexible Spending Accounts (FSAs) • Health Reimbursement Account (HRA): An employer-paid benefit to reimburse a portion of
Slide 22: Investing in Our Team
Investing in Our Team UDC supports initiatives to train our employees and support their professional and leadership development; to make the workplace a safe, healthy and fun environment in which to work; and to encourage ideation for continual improvement. Performance Management UDC is committed to
Slide 23: Engaging Our Workforce
Engaging Our Workforce As UDC continues to grow, we invest heavily to train, develop and expand our team. We listen, too, so that we can improve and continue to build and sustain a productive, diverse and thriving workforce. Communication is Critical At UDC, we believe communication is critical. We
Slide 24: Our Community
Our People Our Community
Slide 25: Community: Inspiring Future Innovation
Community: Inspiring Future Innovation As a leader in the OLED ecosystem, we support the broader scientific community and a range of educational initiatives designed to inspire and encourage today’s professionals and future generations. In 2024, UDC launched the Sherwin I. Seligsohn Innovation Award
Slide 26: Community: Inspiring the Next Generation
Community: Inspiring the Next Generation Local Schools UDC renewed its partnership with Ewing High School in Ewing Township, NJ (where UDC HQ is located), to inspire today's students to become tomorrow's innovators. In 2019, UDC instituted an annual UDC, Inc. PHOLED Scholarship to be awarded to a co
Slide 27: Fostering Community Outreach
Fostering Community Outreach Community Participation Community engagement is an important part of who we are. We are dedicated to making positive and significant impacts in our community. UDC fosters a culture that encourages making meaningful contributions to local organizations. Company-sponsored
Slide 28: Our Supply Chain
Our People Our Supply Chain
Slide 29: Our Supply Chain
Our Supply Chain Raw Material Supply PPG Manufacture UDC Qualification UDC Customers - Managed by UDC/PPG using - Exclusive supplier to UDC - 100% quality testing - World-class OLED display strong sourcing practices, - Excellent ESG programs & - EcoVadis Silver rating manufacturers, many of which in
Slide 30: Our Core Goals
Our Core Goals Our Core Goals • Deliver consistently high-quality commercial and development products, manufactured by PPG, to our customers cost-effectively, on-time, every time in an environmentally and socially responsible manner • Exceed our customers' expectations for delivery and support • Ope
Slide 31: UDC's Global Supplier Code of Conduct
UDC’s Global Supplier Code of Conduct • Comply with all applicable laws, rules and regulations of suppliers’ countries of operation, including, but not limited to, all applicable trade agreements, antitrust and fair competition, anti-corruption, employment, working time, health and safety, collectiv
Slide 32: UDC-PPG Shared Business Values
UDC-PPG Shared Business Values We are proud to work with PPG, our strong partner of 25 years. PPG has a robust value system that aligns closely with UDC’s. UDC and PPG share the following values: • Operate safe, healthful workplaces that value inclusion, promote teamwork and reward performance • Con
Slide 33: PPG: Leader in Business and Sustainability
PPG: Leader in Business and Sustainability PPG has earned the following recognitions and awards, reinforcing and encouraging its commitment to industry-leading business and sustainability practices: • #2 in the Chemicals Industry on the 2025 Fortune World’s Most Admired companies list, its 17th cons
Slide 34: UDC's Conflict Minerals Policy
UDC’s Conflict Minerals Policy UDC is committed to responsible and ethical business practices, as expressed in our Code of Ethics & Business Conduct. This includes: • Working to ensure that our products do not contain, and are not made using, “Conflict Minerals” as defined by Section 1502 of the Dod
Slide 35: RoHS Compliance
RoHS Compliance The European Union’s (EU) Restriction of Hazardous Substances (RoHS) Directive seeks to reduce the negative impact of electrical and electronic equipment (EEE) upon environmental and human health. The substances targeted by this Directive include those with the potential to compromis
Slide 36: Our Certified Management Systems
Our OurCertified People Management Systems
Slide 37: ISO Certifications by UDC Location
ISO Certifications by UDC Location UDC UniversalPHOLED UDC Ewing, NJ UDC Ewing, NJ Materials Business and Adesis, Inc. 37
Slide 38: Integrated Management Policy
Integrated Management Policy Our Integrated Management Policy states UDC’s commitment to our varied stakeholders to provide quality products and services, reduce our environmental impacts and strengthen our environmental, health and safety performance: Provide high-quality, energy-efficient and envi
Slide 39: Our Carbon & Climate
Our People Our Carbon & Climate
Slide 40: Phosphorescent OLED Carbon Savings
Phosphorescent OLED Carbon Savings Calculated assumptions There are at least 2 billion active OLED smartphones using UDC’s PHOLED materials and technology in the world today and, assuming: Average luminance at 600 Average use is 4 hours per day Power savings is 30% over LCD nits with 50% pixels on P
Slide 41: Climate Change Policy
Climate Change Policy Universal Display Corporation acknowledges the potentially harmful impact of climate change, and we are mindful of the ways that our company could contribute to that change. We understand that our employees, suppliers, customers and the communities in which we live and serve ma
Slide 42: Greenhouse Gas Emissions
Greenhouse Gas Emissions UDC records and tracks global data on our Greenhouse Gas (GHG) emissions. This data helps us further establish baselines and allows UDC to minimize the impacts of our growth through thoughtful design that incorporates energy efficiency where practical. This data also provide
Slide 43: Our Environment, Health & Safety
Our People Our Environment, Health & Safety
Slide 44: Commitment to EHS Excellence
Commitment to EHS Excellence Leadership commitment and engagement at all levels of our UDC team in all processes and programs is central to our success. This corporate commitment drives awareness and a culture throughout our Company and supply chain that quality, EHS, sustainability and social respo
Slide 45: Corporate EHS Principles
Corporate EHS Principles EHS principles are cascaded to each UDC location and subsidiary with specific, performance-based objectives: • Maintain regulatory compliance with all known requirements of applicable regulatory agencies and foster relationships in our community • Provide a safe and healthy
Slide 46: Maintaining a Safe Work Environment
Maintaining a Safe Work Environment UDC strives for an injury-free workplace. We know that our employees are our most valuable assets, and their safety and health are our top priorities. Our employees’ diligence, our risk management and hazard control programs and our safety culture are critical to
Slide 47: Water Consumption & Wastewater
Water Consumption & Wastewater Water is essential to all life on the planet and the global economy. Although we do not have a water-intensive operation, UDC looks for opportunities to conserve water and reduce waste. In 2024, we strengthened our preventative maintenance program, which included an in
Slide 48: Waste & Toxicity
Waste & Toxicity UDC’s Waste Management and Minimization Program is designed to reduce waste generation, toxicity and the environmental impacts of disposal of non-hazardous and hazardous wastes. UDC carefully manages chemicals and other hazardous materials to reduce the quantity and toxicity of rela
Slide 49: Energy Consumption
Energy Consumption UDC understands the importance of reducing Energy Performance* 2023 2024 our energy usage and our carbon footprint. In Total Energy Consumption, kWh (in millions) 18.8 20.8 June 2023, UDC invested in Renewable Energy Electricity consumption, kWh (in millions) 13.7 15.0 Certificate
Slide 50: Information Security
Information Security UDC is committed to protecting confidential and personal information, including that of UDC, UDC’s customers and third parties. • Policies: UDC maintains information security protocols and policies, on which the company is externally audited on an annual basis. • Training: UDC h
Slide 51: Our Performance
Our People Our Performance
Slide 52: UDC's Stakeholder Engagement
UDC’s Stakeholder Engagement Stakeholder Engagement Details Open-Door Policy Weekly CEO Talks - Every Wednesday, during Company Lunch, President & CEO Steve Abramson provides an update on UDC, the OLED industry and UDC employee milestones (e.g., weddings, births, birthdays). This is recorded and mad
Slide 53: UDC's ESG Governance Structure
UDC’s ESG Governance Structure Board of Directors Oversight Our Board of Directors oversees and monitors our ESG strategy via reviews and Nominating & Corporate Governance Environmental & Social Responsibility Audit Committee periodic reports. Committee Committee Executive Officers Management Execut
Slide 54: Company Overview & Data
Company Overview & Data Organization 2024 Board of Directors1 Name of Organization Universal Display Corporation (UDC) # Board of Directors (BoD) 11 Nasdaq Ticker OLED Number of Independent Directors 9 Location of Headquarters Ewing, New Jersey, USA BoD Composition by Gender (% female) 45% BoD Level
Slide 55: Our Financials
Our Financials Our Revenue ($ in millions) 2024 Financial Profile1 $648 Total Revenue $648 M $617 $600 $576 % of Total Revenue By region (below) $554 South Korea 61.4% $500 $429 China 35.4% $400 Japan 0.6% $300 Other non-U.S. locations 0.4% United States 2.2% $200 Operating Income $239 M $100 Net In
Slide 56: Responsible Operations & Compliance
Responsible Operations & Compliance 2022 2023 2024 Non-compliance with environmental laws and/or regulations resulting in a notice of violation 0 0 1* Environmental fines, penalties & settlements ($) 0 0 $13,303* Instances of labor standards non-compliance 0 0 0 Incidents of human rights violations
Slide 57: Global Reporting Initiative (GRI) Index
Global Reporting Initiative (GRI) Index GRI 1 Used GRI 1: Foundation 2021 GRI Standard/ Disclosure Location/Response Other Source General Disclosures GRI 2: General Disclosures 2021 The Organization & Reporting Universal Display Corporation (UDC) Universal Display Corporation is a Pennsylvania corpo
Slide 58: GRI Index (continued)
GRI Index (continued) GRI Standard/ Disclosure Location/Response Other Source Activities & Workers UDC is a world leader in the invention, research, development and commercialization of state-of-the-art OLED technologies and materials. 6,500+ pending and issued patents (as of April 24, 2025) 2-6 Act
Slide 59: GRI Index (continued)
GRI Index (continued) GRI Standard/ Disclosure Location/Response Other Source The primary responsibility of the Board is to exercise its business judgment to act in what it reasonably believes to be the best interests of the Company and its shareholders. In carrying out its responsibilities, the Boa
Slide 60: Strategy, Policies & Practices
GRI Index (continued) GRI Standard/ Disclosure Location/Response Other Source Strategy, Policies & Practices 2-22 Statement on sustainable development strategy 2024 CSR Report—A Message from our CEO, pg. 3 2024 CSR Report—Resources, pg. 74 Climate Change Policy; Conflict Minerals Policy; Fair Labor
Slide 61: GRI 200: Economic
GRI Index (continued) GRI Standard/ Disclosure Location/Response Other Source Next Generation Lighting Industry Alliance (NGLIA); OLED Association; Organic Electronics Association 2-28 Membership associations (OE-A); Society for Information Display (SID) GRI 200: Economic 2-29 Approach to stakeholde
Slide 62: GRI Index (continued)
GRI Index (continued) GRI Standard/ Disclosure Location/Response Other Source GRI 300: Environmental GRI 302: Energy 2024 CSR Report—Our Carbon & Climate, pg. 39-42 2024 CSR Report—Commitment to EHS Excellence, pg. 44 3-3 Management of material topics 2024 CSR Report—Corporate EHS Principles, pg. 45
Slide 63: GRI Index (continued)
GRI Index (continued) GRI Standard/ Disclosure Location/Response Other Source GRI 305: Emissions 2024 CSR Report—Our Carbon & Climate, pg. 39-42 2024 CSR Report—Commitment to EHS Excellence, pg. 44 3-3 Management of material topics 2024 CSR Report—Corporate EHS Principles, pg. 45 2024 CSR Report—Ene
Slide 64: GRI Index (continued)
GRI Index (continued) GRI Standard/ Disclosure Location/Response Other Source GRI 306: Waste 3-3 Management of material topics 2024 CSR Report—Waste & Toxicity, pg. 48 306-1 Waste generation and significant waste-related impacts 2024 CSR Report—Waste & Toxicity, pg. 48 306-2 Management of significan
Slide 65: GRI 400: Social
GRI Index (continued) GRI Standard/ Disclosure Location/Response Other Source GRI 400: Social GRI 401: Employment 2024 CSR Report—About Our Workplace, pg. 14 2024 CSR Report—Our Commitment to Diversity and Inclusion, pg. 15 3-3 Management of material topics 2024 CSR Report—About Our Workforce, pg. 1
Slide 66: GRI Index (continued)
GRI Index (continued) GRI Standard/ Disclosure Location/Response Other Source 2024 CSR Report—Rewarding Our People, Investing in Our Team, & Engaging Our Workforce, pg. 19-23 2024 CSR Report—Our Certified Management Systems, pg. 36-38 2024 CSR Report—Integrated Management Policy, pg. 38 2024 CSR Rep
Slide 67: GRI 404 and GRI 405
GRI Index (continued) GRI Standard/ Disclosure Location/Response Other Source GRI 404: Training and Education 2024 CSR Report—About Our Workplace, pg. 14 2024 CSR Report—Commitment to Ethics and Compliance, pg. 18 3-3 Management of material topics 2024 CSR Report—Investing In Our Team, pg. 22 2024 C
Slide 68: GRI 407 and GRI 408
GRI Index (continued) GRI Standard/ Disclosure Location/Response Other Source GRI 407: Freedom of Association and Collective Bargaining 2024 CSR Report—UDC’s Global Supplier Code of Conduct, pg. 31 3-3 Management of material topics Global Supplier Code of Conduct As stated in UDC’s Global Supplier C
Slide 69: GRI 409, 413 and 415
GRI Index (continued) GRI Standard/ Disclosure Location/Response Other Source GRI 409: Forced or Compulsory Labor Management of material topics Global Supplier Code of Conduct 3-3 2024 CSR Report—UDC’s Global Supplier Code of Conduct, pg. 31 As stated in UDC’s Global Supplier Code of Conduct, the Co
Slide 70: GRI 416, 417 and 418
GRI Index (continued) GRI Standard/ Disclosure Location/Response Other Source GRI 416: Customer Health and Safety 2024 CSR Report—Our Supply Chain, pg. 28-35 3-3 Management of material topics Global Supplier Code of Conduct Conflict Minerals Policy 2024 CSR Report—Our Supply Chain, pg. 28-35 Assessm
Slide 71: Sustainability Accounting Standards Board (SASB) Index
Sustainability Accounting Standards Board (SASB) Index In 2021, we began reporting in alignment with the Sustainability Accounting Standards Board (SASB) Standard for the Technology and Communications Sector: Semiconductor Industry. Topic Accounting Metric Code Report Location/Disclosure (1) Gross g
Slide 72: SASB Index (continued)
SASB Index (continued) Topic Accounting Metric Code Report Location/Disclosure (1) Amount of hazardous Waste Management waste from manufacturing, (2) TC-SC-150a.1 Pg. 48 - Waste & Toxicity percentage recycled Description of efforts to assess, Pg. 43-49 - Our Environment, Health monitor, and reduce e
Slide 73: SASB Index (continued)
SASB Index (continued) Topic Accounting Metric Code Report Location/Disclosure Percentage of products by This information is not tracked at revenue that contain IEC 62474 TC-SC-410a.1 this time. declarable substances Product Lifecycle Management Processor energy efficiency at a Not Applicable. UDC d
Slide 74: Resources
Resources The following are links to content contained on UDC’s public website www.oled.com that provide source and/or supplemental information to that which is contained in this CSR report: • Careers – Our Culture and Benefits • Quality Management & Environmental Health and Safety Systems • Supply
Slide 75: About Our Report
About Our Report Safe Harbor Statement All statements in this report that are not historical, such as those relating to the projected adoption, development and advancement of the Company’s technologies, and the Company’s expected results and future declaration of dividends, as well as the growth of