BB: Q1 preview: The market discovers BlackBerry's physical AI story

Research evidence excerpt

BB: Q1 preview: The market discovers BlackBerry's physical AI story

BlackBerry Limited

Key sustainability questions

This section is intended to highlight key sustainability discussion points relevant to this company, as well as our views on the outlook. Both the

questions we highlight and our responses will evolve over time as the dialogue between management, analysts and investors continues to

advance. We welcome any feedback on the topics.

Our view

What are the most material In its most recent comprehensive sustainability report, BlackBerry indicated that

sustainability issues facing this its top priorities are climate change, water security, and equality. BlackBerry has

company? achieved carbon neutrality, is developing innovative technologies for water security,

is investing in the development of smart cities, has increased the diversity of its

board of directors, and is enabling access to education for all.

Does the company integrate From our perspective, BlackBerry does integrate sustainability into its strategy.

sustainability considerations into its Although BlackBerry has not disclosed explicit goals or targets around sustainability-

strategy? related issues, we note that the company has taken considerable steps to address

its sustainability priorities. BlackBerry has conducted extensive reviews of its

supply chain, ensuring adherence to EU REACH regulation standards for hazardous

materials. Moreover, BlackBerry participates in a number of initiatives such as the

Carbon Disclosure Project, which provides a system for transparent environmental

reporting of sustainability issues identified by the company.

What is diversity like at the board/ As of 2025, three of BlackBerry’s seven board members are women (43%). Based