Jabil : Fiscal Year 2023 Impact ReportPrevious Reports

Annual Green Bond

IMPACT REPORT

FISCAL YEAR 2023 UPDATE

TABLE OF CONTENTS

Jabil's Green Bond

Process for Selecting Projects

Expenditures: Fiscal Year 2023 Update

Expenditures: Indicative Impact Metrics

Featured Projects

Appendix - Ernst & Young LLP Use of Proceeds Examination

Exhibit A. Management Assertion by Jabil Inc.

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JABIL'S GREEN BOND

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Jabil Inc.'s

$500 Million

Aggregate Principal

Amount of 4.250%

Senior Notes

Due 2027

(Green Bonds)

At Jabil, we have a purpose that serves as our ultimate guidepost. In a time where every stakeholder expects businesses to take leadership on environmental, social and governance issues, collaboration is key. Jabil is perfectly positioned to lead in sustainability and support our customers toward their own goals.

Our Green Bond is intended to align our overarching sustainability goals with our capital structure. We issued our first Green Bond in May 2022 to demonstrate our commitment to integrating business and sustainability priorities across our organization. Proceeds from the Green Bond may be used to support eligible expenditures under Jabil's Green Financing Framework, including expenditures that relate to Jabil's science- based target to reduce operational (Scope 1 and 2) greenhouse gas (GHG) emissions by 25% by the close of fiscal year 2025 and 50% by 2030, versus our 2019 baseline level. Jabil aims to reach carbon neutrality by 2045, aligned with the Science Based Targets Initiative (SBTi).

This year's annual impact report covers the cumulative allocation of Jabil's Green Bond proceeds to eligible expenditures between September 1, 2019 and August 31, 2023 - 2020, 2021, 2022, and 2023 fiscal years. As of August 31, 2023, $500 million of the $500 million Use of Proceeds have been allocated to eligible green categories.

PROCESS FOR SELECTING PROJECTS

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Process for Selecting Projects

The Green Bond proceeds reported here constitute eligible expenditures under our Green Financing Framework, which is aligned with the Green Bond Principles, 2021, administered by the International Capital Markets Association and designed to contribute to selected United Nations Sustainable Development Goals related to the environment.

Our Sustainable Finance Committee oversees the project evaluation and selection process and ensures that selected projects comply with the Eligible Expenditure criteria in the Green Financing Framework and are aligned with Jabil's sustainability strategy. The committee is made up of senior leadership and other representatives from our Sustainability, Treasury, Finance, Investor Relations, and Legal teams. The committee is responsible for:

| Approving amendments to the Green Financing Framework

| Evaluating and approving the selection of Eligible Expenditures based on the selection criteria defined in the Use of Proceeds section of the Framework

| Assessing the environmental and social risks associated with Eligible Expenditures and determining appropriate mitigating measures in accordance with Responsible Business Alliance (RBA) standards, where applicable

| Monitoring Eligible Expenditures throughout the life of the Green Bond

| Replacing any projects that no longer meet the eligibility criteria with new projects as soon as practicable 

| Reviewing and validating the impact and allocation reports

| Establishing and reviewing internal controls over data collection, aggregation, and reporting

Segment representatives are responsible	Selected projects meet at least one of the following Green Bond eligibility criteria:
for working with their site finance and	• Eco-efficient Products	• Renewable Energy
EHS teams to identify eligible products
and associated spend and provide the	• Waste and Water Diversion	• Reduce Environmental Impact
compiled information to the committee.		of Operations

EXPENDITURES

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Expenditures1,2

Fiscal Year 2023 Update

$500 million

Total spend from Sept. 1, 2019 to Aug. 31, 2023

Eco-efficient Products

$311.5M

49 New Projects | 406 Existing Projects

Renewable Energy

$171.2M

2 New Projects | 2 Existing Projects

100%

Allocated

Waste and Water Diversion

$11.6M

22 New Projects | 32 Existing Projects

Reduce Environmental

Impact of Operations

$5.7M

8 New Projects | 12 Existing Projects

1. Each "New" project has been defined as having related eligibility and business case criteria in addition to having eligible expenditures that commenced between September 1, 2021, and August 31, 2023
2. Each "Existing" project has been defined as having related eligibility and business case criteria in addition to having eligible expenditures that commenced between September 1, 2019, and August 31, 2021

EXPENDITURES

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Indicative Impact Metrics

A number of projects to which the 2022 Green Bond proceeds were allocated in fiscal years 2020 through 2023 either have an indirect GHG emissions benefit or have an unquantified directional improvement in greenhouse gas emissions, waste diversion, and water acquisition. We are not able to provide detailed quantification of the environmental impact of our Eco-efficient products due to lack of transparent and reliable data on the context of their use. The following indicative metrics encompass those directional improvements.

GHG emissions in FY2023	55,192	Scope 1
(Scope 1, 2) (metric tons CO2e)
	513,483	Scope 2 Market-Based
	1,784,818	Scope 2 Location-Based
GHG emissions avoided using renewable energy	1,271,335
Emission3 intensity by revenue in FY2023	18.22 (Metric Tons (t) CO2 per $1,000)
Global water acquired in FY2023	16,874,167 Cubic Meters

3 Includes Scope 1, Scope 2, and categories 5 ("Business Travel") and 7 ("Employee Commuting; Jabil-sponsored bus services within Scope 3)

FEATURED PROJECTS

Featured

Eco-Efficient

Product Project #1

We are helping our customers in the drive toward electric vehicle (EV) mass adoption. Customers in both the automotive and commercial vehicle markets face pressure to meet internal and regulatory goals for electrification and the deployment of electric vehicle (EV) charging infrastructure across the globe. At Jabil, we can modify designs to meet the needs of different regions and scale production in- region as demand for EVs grows. The manufacturing of EV components - including battery management systems, inverters, converters, cables, and off-boardand on-boardcharging systems - is one of the fastest-growingareas of our business.

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FEATURED PROJECTS

Featured Renewable Energy Project #2

Jabil signed a qualifying Power Purchase Agreement (PPA) in accordance with the Green Financing Framework. This further highlights our commitment to renewable energy sources, environmental responsibility, and the local communities in which we operate. These types of efforts are crucial to bringing us closer to achieving our company sustainability goals across our global carbon footprint, and we are already exploring similar agreements in other regions.

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EY ASSERTION REPORT

Ernst & Young LLP	Tel: [phone]
One Tampa City Center	Fax: [phone]
Suite 2400	ey.com
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Tampa, FL 33602

Report of Independent Accountants

To the Management of Jabil Inc.:

We have examined management's assertion, included in Exhibit A, that $500 million of the net proceeds Jabil Inc. ("Jabil" or the "Company") received from Jabil's issuance of $500,000,000 aggregate principal amount of 4.250% Senior Notes due 2027 (Green Bonds) were allocated, during the period from September 1, 2019 through August 31, 2023 (the "Reporting Period"), to qualifying Eligible Expenditures (as defined in the "Use of Proceeds" section of the Prospectus Supplement dated April 20, 2022, to the Prospectus dated July 17, 2020, filed by Jabil on April 22, 2022, with the Securities and Exchange Commission pursuant to Rule 424(b)(5) under the Securities Act of 1933, as amended) (the "Criteria"). Jabil's management is responsible for the assertion, having a reasonable basis for its assertion, selection of the Criteria and the allocation, during the Reporting Period, of amounts to projects that meet the Criteria. Our responsibility is to express an opinion on the assertion based on our examination.

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants ("AICPA"). Those standards require that we plan and perform the examination to obtain reasonable assurance about whether management's assertion is fairly stated, in all material respects. An examination involves performing procedures to obtain evidence about management's assertion. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material misstatement of management's assertion, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion.

We are required to be independent of Jabil Inc. and to meet our other ethical responsibilities, as applicable for examination engagements set forth in the Preface: Applicable to All Members and Part 1 - Members in Public Practice of the Code of Professional Conduct established by the AICPA.

Our examination was not conducted for the purpose of evaluating (i) whether funds in excess of the net proceeds were allocated to Eligible Expenditures during the Reporting Period, (ii) the amount allocated to each category of Eligible Expenditures during the Reporting Period, (iii) the environmental benefits of the Eligible Expenditures, (iv) conformance of any Eligible Expenditures with any third-party published principles, standards or frameworks, such as the Green Bond Principles, dated June 2021, published by the International Capital Market Association or (v) any information included in the Company's report or on the Company's website, other than management's assertion. Accordingly, we do not express an opinion or any other form of assurance other than on management's assertion included in Exhibit A.

In our opinion, management's assertion, included in Exhibit A, that $500 million of the net proceeds Jabil received from the issuance of $500,000,000 aggregate principal amount of 4.250% Senior Notes due 2027 (Green Bonds) were allocated during the Reporting Period to qualifying Eligible Expenditures, is fairly stated, in all material respects.



April 10, 2024

2404-4518267

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A member firm of Ernst & Young Global Limited

EXHIBIT A. MANAGEMENT ASSERTION BY JABIL INC.

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Exhibit A. Management Assertion by Jabil Inc.

Jabil Inc.

Management's Assertion

Jabil Inc. ("Jabil," "we," "our," or "us") asserts that $500 million of the net proceeds we received from our issuance of $500,000,000 aggregate principal amount of 4.250% Senior Notes due 2027 (Green Bonds) (the "notes") have been allocated during the period from September 1, 2019 to August 31, 2023 to qualifying Eligible Expenditures (as defined in the "Use of Proceeds" section of the Prospectus Supplement dated April 20, 2022, to the Prospectus dated July 17, 2020, filed by Jabil on April 22, 2022, with the Securities and Exchange Commission pursuant to Rule 424(b)(5) under the Securities Act of 1933, as amended). The categories of Eligible Expenditures are set forth in Table 1 below.

Jabil's management is responsible for this assertion, including selection of the categories of Eligible Expenditures and the allocation of amounts to Eligible Expenditures. Prior to the issuance of the notes, we worked with an outside consultant with recognized expertise in environmental, social and governance research and analysis to (i) assess our definition of Eligible Expenditures and processes for alignment with the Green Bond Principles, 2021, and (ii) obtain and make publicly available a Second Party Opinion from such consultant in respect of compliance with such criteria.