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T-Mobile Announces 2040 Net-Zero Commitment

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The Un-carrier becomes the first in U.S. wireless to set target to achieve net-zero emissions across its entire carbon footprint by 2040; also signs onto The Climate Pledge to reinforce commitment

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BELLEVUE, Wash. — January 30, 2023 — Today T-Mobile (NASDAQ: TMUS) announced the company's latest step forward in its sustainability efforts, including an industry-leading commitment to achieve net-zero emissions across its entire carbon footprint by 2040. To bolster this new goal, T-Mobile also signed onto <a href="https://www.theclimatepledge.com/" target="_blank" rel="noreferrer noopener">The Climate Pledge</a>, a cross-sector community of companies and organizations working together to solve the challenges of cutting global carbon emissions for a sustainable future.

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“As we know sustainability is important to our customers and stakeholders, T-Mobile has made great progress in reducing our environmental footprint – and now we're taking even bigger steps to reduce our carbon emissions with a commitment to meeting SBTi’s Net-Zero Standard,” said Mike Sievert, T-Mobile CEO. “We are proud that we are doing our part to create a sustainable future for all – including becoming the first in U.S. wireless to set this bold target. And we hope companies like ours — and the partners and suppliers we work alongside — will join us in setting their own aggressive longer-term goals like these.”

With the company’s new commitment, T-Mobile becomes the first in U.S. wireless to set a net-zero goal for all three emissions scopes that has been validated by the Science Based Targets Initiative (SBTi) using their Net-Zero Standard – the world’s first framework for company targets that aligns with the latest climate science. This goal covers emission scopes 1 and 2, inclusive of direct emissions from T-Mobile’s operations and facilities, as well as indirect emissions from purchased electricity.

The Un-carrier’s new goal also covers all remaining indirect scope 3 emissions (the company’s entire footprint!) — including those produced by suppliers, customer device usage, materials and fuel required to ship products, employee travel, and more—which represents roughly two-thirds of the company’s carbon footprint.

“While T-Mobile's net-zero goal is a decades-long endeavor, we know how important it is to take definitive actions now to reduce our environmental impact for future generations,” said Janice Kapner, chief communications and corporate responsibility officer at T-Mobile. “We’re committed to measurable progress and holding ourselves accountable with strong governance practices, consistent and transparent reporting, and ongoing collaboration with leading sustainability experts.”

The Climate Pledge, co-founded by Amazon and Global Optimism in 2019, is a collective commitment to achieve net-zero 10 years ahead of <a href="https://unfccc.int/process-and-meetings/the-paris-agreement/the-paris-agreement" target="_blank" rel="noreferrer noopener">The Paris Agreement</a>. T-Mobile joins nearly 400 organizations that have signed the Pledge, all of which agree to:

Measure and report greenhouse gas emissions on a regular basis;

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<li>Measure and report greenhouse gas emissions on a regular basis;</li>

Implement decarbonization strategies in line with the Paris Agreement through real business changes and innovations, including efficiency improvements, renewable energy, materials reductions, and other carbon emission elimination strategies;

<li>Implement decarbonization strategies in line with the Paris Agreement through real business changes and innovations, including efficiency improvements, renewable energy, materials reductions, and other carbon emission elimination strategies;</li>

Neutralize any remaining emissions with additional, quantifiable, real, permanent, and socially beneficial offsets to achieve net zero annual carbon emissions by 2040.

<li>Neutralize any remaining emissions with additional, quantifiable, real, permanent, and socially beneficial offsets to achieve net zero annual carbon emissions by 2040.</li>

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“We’re excited that T-Mobile is signing The Climate Pledge and committing to reach the Paris Agreement 10 years early,” said Sally Fouts, Global Lead of The Climate Pledge at Amazon. “T-Mobile has set and achieved aggressive renewable energy and carbon reduction goals across its operations, and we’re thrilled to see the comprehensive and thoughtful pathway they have charted to achieve net-zero carbon by 2040.”

T-Mobile has a long track record of dedication to building a more sustainable future. It was previously the first in U.S. wireless to achieve an ambitious 100% <a href="https://www.t-mobile.com/news/community/re100-achievement" target="_blank" rel="noreferrer noopener">renewable electricity goal</a>, as well as previous science-based <a href="https://www.t-mobile.com/news/community/earth-day-2022" target="_blank" rel="noreferrer noopener">carbon reduction</a> goals. The Un-carrier earned an A- for its 2022 CDP Climate Change disclosure, and was recognized in the top 20 of <a href="https://justcapital.com/rankings/?issue=env&industry=telecommunications" target="_blank" rel="noreferrer noopener">JUST Capital’s 2023 Rankings of America’s Most Just Companies</a>, including a number one ranking in the telecom industry for environmental impact.

To learn more about T-Mobile's sustainability efforts, visit <a href="https://www.t-mobile.com/responsibility/sustainability" target="_blank" rel="noreferrer noopener">t-mobile.com/sustainability</a>. To learn more about the Science Based Targets initiative, visit <a href="https://sciencebasedtargets.org/" target="_blank" rel="noreferrer noopener">sciencebasedtargets.org</a>.

100% Renewable: T-Mobile matches its own annual electrical usage with renewable energy from a portfolio of sources including: virtual power purchase agreements, a green direct tariff, renewable retail agreements, and unbundled REC purchases.

About T-Mobile T-Mobile US, Inc. (NASDAQ: TMUS) is America’s supercharged Un-carrier, delivering an advanced 4G LTE and transformative nationwide 5G network that will offer reliable connectivity for all. T-Mobile’s customers benefit from its unmatched combination of value and quality, unwavering obsession with offering them the best possible service experience and undisputable drive for disruption that creates competition and innovation in wireless and beyond. Based in Bellevue, Wash., T-Mobile provides services through its subsidiaries and operates its flagship brands, T-Mobile, Metro by T-Mobile and Sprint. For more information please visit: <a href="http://www.t-mobile.com" target="_blank" rel="noreferrer noopener">http://www.t-mobile.com</a>.

About The Climate Pledge In 2019, Amazon and Global Optimism co-founded The Climate Pledge, a commitment to reach the Paris Agreement 10 years early and be net-zero carbon by 2040. 380 organizations have now signed The Climate Pledge, sending an important signal that there will be rapid growth in demand for products and services that help reduce carbon emissions. For more information visit <a href="http://www.theclimatepledge.com" target="_blank" rel="noreferrer noopener">www.theclimatepledge.com</a>.

Forward-Looking Statements This communication includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including information concerning T-Mobile US, Inc.’s future results of operations, are forward-looking statements. These forward-looking statements are generally identified by the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “could” or similar expressions. Forward-looking statements are based on current expectations and assumptions, which are subject to risks and uncertainties that may cause actual results to differ materially from the forward-looking statements, including unexpected delays, difficulties, and expenses in executing against our environmental, climate, or other “Environmental, Social, and Governance (ESG)” targets, goals and commitments outlined in this document, including, but not limited to, our efforts to reduce our greenhouse gas emissions, as well as changes in laws or regulations affecting us, such as changes in cybersecurity, data privacy, environmental,safety and health laws, and other risks as disclosed in our most recent annual report on Form 10-K, 10-Q and other filings with the Securities and Exchange Commission (the “SEC”). Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. T-Mobile does not undertake, and expressly disclaims any duty, to update any statements contained herein, whether as a result of new information, new developments, or otherwise, except to the extent that disclosure may be required by law. In addition, some of the statements contained in this document may rely on third-party information and projections that management believes to be reputable; however, T-Mobile does not independently verify or audit this information.

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T-Mobile achieved its industry-leading <a href="https://www.t-mobile.com/responsibility/sustainability/climate-action" target="_blank" rel="noreferrer noopener">carbon emission reduction targets</a> in December 2021, four years ahead of the original 2025 goal.On Earth Day (April 22), T-Mobile is offsetting the emissions from customers’ wireless device usage for 24 hours – the equivalent of taking 100K cars off the road!As part of its carbon reduction plan, the Un-carrier is offering customers the chance to donate $1 on behalf of T-Mobile through the T-Mobile Tuesdays app to support the <a href="https://www.forestfoundation.org/what-we-do/increase-carbon-storage/family-forest-carbon-program/" target="_blank" rel="noreferrer noopener">Family Forest Carbon Program</a> (up to $300K).

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This Friday, April 22, marks the 52nd annual Earth Day. This day is not just a celebration of this amazing planet. It’s also a great opportunity to be reminded of the role we all play in taking care of our world and a time to renew our commitments to do more to reduce the impact we have on our environment.

This doesn’t start and stop with just me and you. Companies have a role to play here, too. Now more than ever, there is a pressing urgency to truly understand the very real effects of climate change, engage in <a href="https://www.ipcc.ch/report/ar6/wg3/" target="_blank" rel="noreferrer noopener">current dialogues</a>, and take steps to slow it.

As a business, T-Mobile has long understood that environmental sustainability is not simply a tagline or a list of “nice to do” things. It is intentional part of our business strategy. Environmental sustainability has increasingly become embedded in <a href="https://www.t-mobile.com/news/community/employee-spotlight-how-these-magenta-rockstars-go-green-earth-day-2022" target="_blank" rel="noreferrer noopener">everything our company does </a>and is a cornerstone of our goals to operate responsibly. As the Un-carrier we solve real problems with real solutions, and this is no different. We have taken real, measurable actions to do our part and have mobilized our employees and customers to do the same!

Earlier this year we <a href="https://www.t-mobile.com/news/community/re100-achievement" target="_blank" rel="noreferrer noopener">announced</a> T-Mobile was the first company in wireless to source 100% of its total electricity usage with renewable energy as of the end of 2021 — an achievement we’re proud to have met following a historic merger that significantly expanded our electricity needs. Our RE100 commitment represents a cross-enterprise effort and plays an important role in minimizing our carbon footprint, particularly in reducing our operational emissions.

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T-Mobile was also the first U.S. wireless provider to set science-based targets (SBTs). These aggressive, independently verified targets aim to keep the global temperature increase limited to 1.5 degrees Celsius. Our targets — reducing scope 1 and 2 emissions by 95% and reduce scope 3 emissions by 15% per customer by 2025 — are among the most ambitious in the U.S. telecom industry.

I am thrilled to share that we not only achieved but BEAT these targets four years ahead of schedule! By the end of 2021, we reduced our scope 1 and 2 emissions by 97% and reduced scope 3 emissions intensity by 16% per customer!

These efforts have helped T-Mobile earn an A- for our <a href="https://www.cdp.net/en/companies/companies-scores" target="_blank" rel="noreferrer noopener">2021 CDP Climate Change Disclosures</a>, and JUST Capital once again named us the <a href="https://justcapital.com/rankings/?issue=env&industry=telecommunications" target="_blank" rel="noreferrer noopener">#1 company in U.S. telecom for environmental action</a>. We’ve also led Green America’s Wireless Scorecard three years in a row and won the <a href="https://www.epa.gov/newsreleases/epa-recognizes-electronics-industry-leaders-diverting-176494-tons-electronic-products" target="_blank" rel="noreferrer noopener">EPA’s Sustainable Material Management Electronics Challenge</a> for the last two.

As we evaluate the next steps of this journey, we embrace our responsibility to not only move forward but also to truly get it right. We’ll share more about our principled approach later this year and when we publish our 2021 Corporate Responsibility Report.

All of our efforts start with our T-Mobile employees who are HUGE force multipliers in our approach to operating a sustainable organization.  Whether it’s working to identify energy efficiency upgrades to create ‘smart’ buildings or managing complex wind and solar farm installations or just spending personal time on sustainability projects they are passionate about, I am continually inspired by our employees dedication to advance our company’s programs, lead key initiatives and bring new ideas to the table. They push us to be better each day.

Over the years we’ve given our T-Mobile customers ways to mobilize alongside us. This year, we are offsetting the equivalent of 24 hours’ worth of energy used by their phones, tablets, wearables, hotspots and IoT devices on Earth Day, April 22nd. We’re purchasing carbon credits — a total equivalent to taking more than 100,000 cars off the road! — through The Nature Conservancy’s <a href="https://www.nature.org/en-us/about-us/where-we-work/united-states/pennsylvania/stories-in-pennsylvania/pennsylvania-working-woodlands/" target="_blank" rel="noreferrer noopener">Working Woodlands</a> program. In addition, customers can take advantage of the earth-friendly offers we featured throughout the week on the <a href="https://www.t-mobile.com/offers/t-mobile-tuesdays" target="_blank" rel="noreferrer noopener">T-Mobile Tuesdays</a> app, like a free reusable lunch bag. And they can enter to win an eco-friendly Tesla Model Y.

We also work to establish meaningful partnerships that help the communities we serve with conservation efforts. One of those partnerships is with The Nature Conservancy. Since 2018, we have invested $1.6M with this amazing organization to help establish environmentally conscious practices that prevent habitat loss and promote biodiversity on a global scale.

This year we’re doing it again by supporting the <a href="https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.forestfoundation.org%2Fwhat-we-do%2Fincrease-carbon-storage%2Ffamily-forest-carbon-program%2F&data=04%7C01%7CBrandy.Bishop1%40T-Mobile.com%7C2a7256f48bd84868466708da21c20c49%7Cbe0f980bdd994b19bd7bbc71a09b026c%7C0%7C0%7C637859414557556794%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&sdata=EL6AZd7IKnMN501V4i5l9AfwTbY%2FLMk8Z0XfjA3Q96c%3D&reserved=0" target="_blank" rel="noreferrer noopener">Family Forest Carbon Program</a>, which is partnering with the American Forest Foundation to help small landowners across the U.S. fight climate change. On April 19, customers using the T-Mobile Tuesdays app can click to trigger a $1 donation on behalf of T-Mobile, up to $300,000 in funding. This contribution will support the program’s expansion to the Midwest and Pacific Northwest and aid in the removal of potentially tens of millions of tons of carbon from the atmosphere over the next 20 years.

I’m so proud of all of our accomplishments and everything we’re doing, alongside our employees, customers and communities, to support a thriving planet. But this is just the beginning. As we embark on a <a href="https://www.t-mobile.com/news/un-carrier/ceo-mike-sievert-two-year-merger-anniversary">new era of Un-carrier</a>, we are committed to driving change for good and empowering others to do the same this Earth Day, and every day. We know there is power in numbers and together we can make a bigger difference. The time to act is now.

T-Mobile matches its own annual electrical usage with renewable energy from a portfolio of sources including: virtual power purchase agreements, a green direct tariff, renewable retail agreements, and unbundled REC purchases. Carbon offset calculated based on approximate daily electricity consumption for total prepaid and postpaid customer phones, tablets, laptops, wearables, portable hotspots, IoT devices, and IHBB gateways assuming year-end FY2021 subscriber figures, an eGRID 2020 U.S. average emission factor and AR5 GWP values.

Tesla sweepstakes: NO PURCHASE NECESSARY. Open to residents of the fifty United States, PR, USVI and DC. 16+. 4/19/22 5:00 AM ET - 4/20/22 4:59 AM ET. On how to enter and full rules go to amoe.t-mobiletuesdays.com/Promotion/Rules. Void where prohibited.

T-Mobile is celebrating Earth Day by offsetting the emissions from its customers’ wireless device usage for 24 hours, sharing progress toward reducing its carbon emissions, continuing its support of the The Nature Conservancy, and more!

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T‑Mobile Announces 2040 Net‑Zero Commitment

Mobilizing for a Thriving Planet on Earth Day, and Every Day