Page 8 - 2020 Sustainability Report

COMPANY OVERVIEW

Corporate Governance Serves as Our Foundation

Martin Marietta has a culture dedicated to ethical business • Monitors our safety performance, Ethics Office activity,
behavior and responsible corporate activity. We believe and compliance with environmental laws and
strong corporate governance is the foundation for regulations, as well as our public reporting and
delivering on our commitments. disclosure with respect to climate change-related risks
and opportunities and other environmental issues
Our Board of Directors • Has the authority to investigate any matter falling within
its purview
As stewards of Martin Marietta, our Board plays an • Reports to the full Board
essential role in determining strategic priorities and
considers sustainability issues an integral part of its
These examples reflect the ways in which sustainability is a
business oversight. Our Corporate Governance Guidelines, priority in our risk oversight, strategic planning and
available on our website, set forth a flexible framework
management, as well as the ongoing dialogue with our
within which the Board, assisted by its committees, directs shareholders.
the affairs of Martin Marietta. The Board receives a report
from each of these committees on its work relating to
sustainability matters. Importantly, as discussed in the next 45% Women or minorities represent 45%
section, the Board’s strategic review and risk assessments of our Board
also includes management’s sustainability goals, our
performance relating to sustainability and our engagement OUT 7 out of 11 new Board members since
with investors with regard to sustainability matters. 7 OF 11 2016, increasing refreshment and
blending new ideas with experience

“These examples reflect the ways in All Board members comply with our
Corporate Governance Guidelines,
which sustainability is a priority in 100% including those relating to overboarding;
all directors sit on fewer than three
our risk oversight, strategic planning public Company boards

and management, as well as the
ongoing dialogue with our 91% Board members are non-management
and independent
shareholders.”

Our Other Board Committees

Our Ethics, Environment, Safety and In addition to our EESH Committee, we have established
a number of Board committees with overlapping
Health (EESH) Committee
responsibilities for sustainability matters. We believe this
approach has been effective in integrating sustainability as
• Established in 1994 and meets at least twice annually,
a core element of our corporate governance:
increased to at least three times annually in 2021
• Comprised wholly of independent directors, whose • Our Management Development and Compensation
members are diverse and have relevant expertise to Committee reviews management’s performance with
provide appropriate oversight in helping us achieve regard to its sustainability goals and considers those
sustainable growth and reduce our risks achievements in determining incentive pay
• Reviews our Sustainability Report and our sustainability • Our Audit Committee reviews our significant
performance commitments and goals, including capital environmental matters and assesses the potential risks
investments and improved practices that reduce and liabilities they may pose to our business
greenhouse gas (GHG) and other emissions
• Our Finance Committee reviews large capital projects
• Reviews the input we have had from, and our relating to sustainability and growth as well as all our
engagement with, investors on sustainability matters political contributions

6 2020 SUSTAINABILITY REPORT