Page 22 - 2019 Sustainability Report
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We also have formalized our sustainability approach at the • Our Management Development and Compensation
Board of Directors level. We have an Ethics, Environment, Committee reviews management’s performance with
Safety and Health (EESH) Committee, comprised regard to its sustainability goals and considers those
wholly of independent directors, which meets at least achievements in determining incentive pay, as well as
twice annually to review and discuss our sustainability programs that incentivize management’s performance.
goals, including an update on capital investments and
improved practices that reduce greenhouse gas (GHG) • Our Audit Committee reviews our significant
and other emissions, and performance with respect to environmental matters and assesses the potential
these undertakings. Our EESH Committee members are risks and liabilities they may pose to our business.
diverse and have relevant expertise to provide appropriate
oversight in helping us achieve sustainable growth and • Our Finance Committee reviews large capital
reduce our risks. In particular, our EESH Committee is projects relating to sustainability and growth.
tasked with reviewing and monitoring compliance with
environmental laws and regulations, as well as our public • Our Board of Directors receives a report from
reporting and disclosure with respect to climate change- each of these committees as to its work relating
related risks and opportunities and other environmental to sustainability matters and also includes, in its
issues, and has the authority to investigate any matter strategic review and risk assessments, management’s
falling within its purview. The EESH Committee receives sustainability goals, its performance relating to
reports relating to environmental, safety, ethics and other sustainability and conversations with investors
sustainability matters, including GHG emissions, directly with regard to sustainability matters.
from management, which in turn receives quarterly
updates from operating personnel directly responsible for These examples reflect the ways in which
compliance in these areas. The EESH Committee reports sustainability is a priority in our risk oversight,
to the full Board. strategic planning and management, as well as
the ongoing dialogue with our shareholders.
“Our EESH Committee members are diverse In the sections that follow, we further detail our
and have relevant expertise to provide performance with respect to various issues that are, or
appropriate oversight in helping us may be, material to our business. This includes the issue
achieve sustainable growth and reduce of climate change-related risks and goals, which are
our risks.” increasingly important considerations for our business
as well as our shareholders. On the following pages, we
In addition, we have established several overlapping provide important information regarding the carbon
responsibilities that we believe have been effective in footprint of our overall business and important steps
integrating sustainability as a core element of the oversight we have taken and plan to take in reducing the carbon
provided by our Board and its committees, including the intensity of our operations. With respect to our cement
following: and magnesia specialties businesses, this includes providing
Scope 1 CO e emissions intensities on a per metric tonne of
2
• The EESH Committee reviews our environmental and product basis. Moreover, we are also committing to CO e
2
GHG matters, our annual Sustainability Report, the emissions intensity reduction targets for those businesses
input we have had from investors on sustainability by 2030 (as compared to a baseline year of 2010), as
matters, and our progress in setting and achieving further detailed below.
sustainable goals.
22 / MARTIN MARIETTA / SUSTAINABILITY REPORT / 2019