Page 10 - 2022 Sustainability Report

COMPANY OVERVIEW

Corporate Governance Serves as Our Foundation

Martin Marietta has a culture dedicated to ethical business • Reviews the input we have had from, and our
behavior and responsible corporate activity. We believe engagement with, investors on sustainability matters
strong corporate governance is the foundation for • Monitors our safety performance, Ethics Office activity,
delivering on our commitments.
and compliance with environmental laws and
regulations, as well as our public reporting and
Our Board of Directors disclosure with respect to climate change-related risks
and opportunities and other environmental issues
As stewards of Martin Marietta, our Board plays an
• Has the authority to investigate any matter falling within
essential role in determining strategic priorities and its purview
considers sustainability issues an integral part of its
business oversight. Our Corporate Governance Guidelines, • Reports to the full Board
available on our website, set forth a flexible framework • We refreshed the leadership of the committee in 2022
within which the Board, assisted by its Committees, directs with a continued focus on diversity and ensuring Board
the affairs of Martin Marietta. The Board receives a report composition and skills are aligned with our strategy
from each of these Committees on its work relating to
sustainability matters. Importantly, as discussed in the next These examples reflect the ways in which sustainability is a
section, the Board’s strategic review and risk assessments priority in our risk oversight, strategic planning and
also includes management’s sustainability goals, our management, as well as the ongoing dialogue with our
performance relating to sustainability and our engagement shareholders.
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
ongoing dialogue with our Corporate Governance Guidelines,
100% including those relating to overboarding;
shareholders.” alldirectors sitonnomorethanthree
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 four times annually
Our Other Board Committees
• Updated charter in February 2022 to codify the
Committee’s responsibilities in light of our increasing In addition to our EESH Committee, we have established
focus on EESH matters a number of Board Committees with overlapping
responsibilities for sustainability matters. We believe this
• Comprised wholly of independent directors, whose
members are diverse and have relevant expertise to approach has been effective in integrating sustainability as
a core element of our corporate governance:
provide appropriate oversight in helping us achieve
sustainable growth and reduce our risks
• Our Management Development and Compensation
• Reviews our Sustainability Report and our sustainability Committee reviews management’s performance with
performance commitments and goals, including capital regard to its sustainability goals and considers those
investments and improved practices that reduce achievements in determining incentive pay
greenhouse gas (GHG) and other emissions

8 2022 SUSTAINABILITY REPORT