Page 28 - 2022 Sustainability Report

COMPANY OVERVIEW

Lobbying on Infrastructure and Climate Change

Given our businesses’ relatively low GHG emissions profile, Martin Marietta does not conduct, at the federal or state level,
any direct lobbying on climate change matters. We periodically review positions taken by the trade associations of which
we are a member and are not aware of any recent lobbying efforts that are inconsistent with the Paris Agreement.
• The Portland Cement Association (PCA), the only cement industry association in which we are a member, recently
adopted and published its own “Roadmap to Carbon Neutrality” for the cement and concrete industry, looking across
the value chain from clinker production to carbon capture and sequestration (CCS). Among other things, the Roadmap
calls for greater market acceptance of alternative fuels usage and low-carbon cement blends, as well as increased
research and investment in CCS technologies. The PCA has been working closely with the Global Cement and Concrete
Association in 2022 on continued work toward Net Zero and the two associations appeared together at the UN’s
Climate Week in the fall of 2022.
• The U.S. Chamber of Commerce, which represents U.S. businesses across all sectors, has published “Our Approach to
Climate Change” which includes its support for U.S. participation in the Paris Agreement and acknowledges that our
climate is changing, that humans are contributing to these changes and that “inaction is not an option.” The Chamber
has pledged to support its members in developing, financing and implementing the technology and other solutions
needed in mitigating GHG emissions, increasing fuel efficiency and use of renewable fuels and investing in
commercially-viable technological solutions for lower-carbon infrastructure and CCS. To this end, in November 2022
the Chamber represented the private sector at the COP27 conference with its largest delegation ever, working closely
with business and government allies from the U.S., Egypt, and other countries around the world to convey the
important role of business in implementing climate solutions. The Chamber participated in nearly 20 different public
and private events while in Sharm el Sheikh.

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 and other innovative
technologies on a commercial scale. Similarly, acceptance of lower clinker content cements in the United States by the
federal Department of Transportation and ASTM will 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 and any
payments to trade associations and other tax-exempt organizations that may be for political purposes 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 available on our website and 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

26 2022 SUSTAINABILITY REPORT