Page 48 - Martin Marietta - 2022 Proxy Statement
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/ SUMMARY OF OUR COMPENSATION CONSIDERATIONS
SOAR, supplemented by our annual plan, has guided us since 2010 as we have grown our business, driven our safety
incidents to record low levels, achieved record financial performance and created positive impacts on our communities and
the environment. Key managers from across our business and our senior leadership team engage throughout the year on
material topics, including safety, employee diversity and well-being, community well-being and the environment.
Both SOAR and our annual plan are reviewed and endorsed Sustainability is a key component of our
by all members of our Board of Directors. Our EESH strategy and business plan at Martin
Committee is an experienced, diverse and knowledgeable Marietta. Sustainability excellence is not
group and has for decades overseen our ongoing efforts to only the right thing to do and a key
hone truly sustainable business practices. Our full Board
visits our operations regularly to hear firsthand from our driver of shareholder value, it isavital
team and see the positive impact we have on our component of both our strategic
communities. planning process, SOAR, and our annual
planning process.
Environmental Stewardship
We have made the following enhancements to our Sustainability activities:
• In our 2020 Sustainability Report, issued in April 2021, we reported a roadmap for achieving our stated Scope 1 greenhouse
gas (GHG) emissions targets for 2030 and carbon footprint reporting relating to our Scope 2 emissions. We promised to set a
target for Scope 2 emissions in the 2021 Sustainability Report. While our Scope 2 emissions are a small component of our
GHG footprint, establishing relevant targets in an important part of our sustainability journey for the future.
• We continued our work during 2021 to reach our 2030 goals for Scope 1 reductions and to develop a tracking system
to set, report, and achieve 2030 goals for Scope reductions.
• During 2021, our Chairman and CEO, joined by other senior managers, engaged with an increased number of investors
and others relating to our Sustainability story. This outreach in 2021 included detailed phone conversations, written
communications, and in-person meetings with more than 30 investors and groups. In total, we discussed our
sustainability strategy, commitments and achievements with almost all of the 265 investor groups we met with through
virtual conferences, roadshows, field trips, and group meetings during the year.
• Despite the COVID-19 pandemic, we completed our planned Investor Day in February 2021, held virtually, where we
discussed our strategic plans and actions to enhance value for all our stakeholders.
Safety
2021 was our safest year on record which strengthens our belief that Zero is Possible. This means operating our business
without any safety incidents. Our goal is zero. We look to world-class companies and safety incident rates for guidance as
to how we achieve this. We continued to make significant progress in 2021 towards this important goal, driven by
extraordinary employee focus and increased engagement.
Consistent with previous years, several of our facilities were recognized by the National Stone, Sand and Gravel
Association (NSSGA) as Safety Excellence Award winners in 2021. These awards recognize operations that have gone the
longest duration without a reportable incident in their size category, based on data provided by the U.S. Department of
Labor’s Mine Safety and Health Administration. In 2021, our Benson Quarry in North Carolina won gold-level honors,
while our Onslow Quarry and Charlotte Quarry in North Carolina earned bronze awards. As an enterprise, Martin Marietta
received bronze-level honors in the large company category by the NSSGA in its Louis Greisemer Sterling Safety Awards.
In addition, the National Ready Mixed Concrete Association (NRMCA) recognized 35 Martin Marietta ready-mixed concrete
plants for gold-level Excellence in Safety achievement in 2021, and four other plants received silver and bronze-level recognition
from the organization. These awards recognize plants that record outstanding plant incident rates during a year.
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