Overall Net-Zero Target: Thorlabs, Inc. commits to achieve net-zero greenhouse gas emissions across the value chain by 2050. Near-Term Targets: Thorlabs, Inc. commits to reduce absolute scope 1 GHG emissions 58.8% by 2034 from a 2023 base year. Thorlabs, Inc. also commits to increase active annual sourcing of renewable electricity from 5.6% in 2023 to 100.0% by 2030. Thorlabs, Inc. further commits to reduce absolute scope 3 GHG emissions from purchased goods and services, capital goods, fuel- and energy-related activities, upstream transportation and distribution, waste generated in operations, business travel, employee commuting, downstream transportation and distribution, processing of sold products, use of sold products and end-of-life treatment of sold products 35.0% by 2034 from a 2023 base year. Long-Term Targets: Thorlabs, Inc. commits to reduce absolute scope 1 and 2 GHG emissions 90.0% by 2050 from a 2023 base year. Thorlabs, Inc. also commits to reduce absolute scope 3 GHG emissions 90.0% within the same timeframe.