Page 21 - 2021 Sustainability Report

COMPANY OVERVIEW

We also are closely monitoring relevant industry developments in key areas relating to climate change. For example, as
recognized by a number of international organizations (including the International Energy Agency) as well as various
industry associations, the cement sector’s ability to contribute to limiting GHG levels in a manner consistent with the goals
of the Paris Agreement depends on successful future development and implementation of CCS technologies on a
commercial scale. Similarly, acceptance of lower clinker content cements in the United States by the federal Department
of Transportation and ASTM International may also be critical in allowing the cement sector to achieve carbon neutrality
across the value chain by 2050.

Oversight on Political Activities and Trade Associations

From a governance standpoint, our Finance Committee, which is comprised exclusively of independent directors, oversees
the Company’s political and lobbying expenditures and activities. This includes setting an annual cap of $250,000 on total
Company spending, as well as capping any individual Company contribution at $25,000 annually, and ensuring that such
spending is consistent with Martin Marietta’s business interests, strategy and goals. All political expenditures are reviewed
by our Chief Financial Officer after consultation with our General Counsel’s office, and final authorization is required from
the Chief Executive Officer or an authorized delegate. In addition, our lobbying and political expenditures are reviewed
annually by management with the Finance Committee, which reports its review to the full Board of Directors. The Finance
Committee’s charter is available on our website.
All of Martin Marietta‘s employees, contractors and agents acting in the Company’s name are governed by our Political
and Advocacy Activities Policy and Procedures, which is a robust set of procedures that applies to political and advocacy
activities of Martin Marietta, our subsidiaries and our affiliates, including political contributions to trade associations,
political parties, campaigns and individual candidates, lobbying activities or gifts to public officials or public employees.
This policy provides that all political and advocacy activities, including contributions, by Martin Marietta must comply with
federal, state and local requirements associated with participating in the policy-making and political process, as well as our
Code of Ethical Business Conduct.

Our Code applies to all employees and directors of Martin Marietta. The Code explicitly acknowledges the “right of its
employees to support any candidate or political party” with their own time and money but states that no Martin Marietta
assets, funds or employee work time may be contributed to any political party, campaign or candidate without “the prior
approval of the company’s Political Contribution Committee or Legal Department”, who review the requests for
compliance with applicable law and have final authority over our corporate political spending. The Code is available on
our website.

Although it is the Company’s policy to encourage our employees to participate in trade associations, both at the national
and state levels, to monitor industry policies and trends, build skills and to participate in civic activities, the Code makes
clear that, despite Martin Marietta’s membership in any trade association, the Company’s position on issues may from
time to time differ from that trade association.

Any employee who wishes to request that Martin Marietta contribute to state or local candidates, candidate committees,
political action campaigns, ballot questions, 501(c)(3) donation, political organizations or other political committees is
required to submit a completed form to our Political Contributions Committee (PCC), which consists of senior
management. The PCC then provides an annual report on such contributions to our Finance Committee.

Public Policy

We engage with legislatures and regulators to educate them on issues that impact Martin Marietta and our industry.
These are consistent with our strategy and our core values. The top issues for us in recent years have been infrastructure
investment as well as health and safety.

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