Page 7 - 2021 Sustainability Report

COMPANY OVERVIEW

Corporate Governance Serves as Our Foundation

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

and management, as well as the All Board members comply with our
Corporate Governance Guidelines,
ongoing dialogue with our 100% including those relating to overboarding;
shareholders.” alldirectorssitonnomorethanthree
public company boards

91% Board members are non-management
Our Ethics, Environment, Safety and and independent
Health (EESH) Committee

• Established in 1994 and meets at least three times Our Other Board Committees
annually
• Updated charter in February 2022 to codify the In addition to our EESH Committee, we have established
Committee’s responsibilities in light of our increasing a number of Board Committees with overlapping
focus on EESH matters responsibilities for sustainability matters. We believe this
approach has been effective in integrating sustainability as
• Comprised wholly of independent directors, whose
a core element of our corporate governance:
members are diverse and have relevant expertise to
provide appropriate oversight in helping us achieve
• Our Management Development and Compensation
sustainable growth and reduce our risks Committee reviews management’s performance with
• Reviews our Sustainability Report and our sustainability regard to its sustainability goals and considers those
performance commitments and goals, including capital achievements in determining incentive pay

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