Page 46 - 2022 Sustainability Report

ENVIRONMENTAL STEWARDSHIP

Our operations are subject to periodic self-audits, as well quarterly updates from operating personnel directly
as regular inspections by regulatory authorities, and our responsible for compliance in these areas. The EESH
confidential ethics hotline is available for reporting Committee reports to the full Board.
suspected environmental issues and bringing those issues
to the attention of management. Our internal practices
and procedures often go beyond regulatory requirements. ”Our EESH Committee members are
For example, our Magnesia Specialties business has
maintained ISO 9001 quality management certifications for diverse and have relevant expertise
both of our magnesia facilities since 1996. to provide appropriate oversight

Our proactive management of environmental matters at in helping us achieve sustainable
our sites and the high skill level of our employees, coupled growth and reduce our risks.”
with advice from qualified outside advisors when
appropriate, have allowed us to achieve a strong
compliance record. As we have responsibly grown our
business, we have maintained our focus on these goals by In the sections that follow, we further detail our
prioritizing environmental stewardship and compliance performance with respect to various issues that are, or may
during integration. be, significant to our business. This includes the issue of
climate change-related risks and goals, which are
At the Board of Directors level, we have an Ethics, increasingly important considerations for our business as
Environment, Safety and Health (EESH) Committee, well as our shareholders. Specifically, we provide important
comprised wholly of independent directors, which meets at information regarding the carbon footprint of our overall
least four times annually to review and discuss our business and important steps we have taken and plan to
sustainability goals, including an update on capital take in reducing the carbon intensity of our operations.
investments and improved practices that reduce greenhouse With respect to our business as a whole, we have found
gas (GHG) and other emissions, and performance with through our engagement that many investors identify our
respect to these undertakings. Given the increasing business as being aligned with cement sector companies
importance on EESH matters, we reviewed and updated our when we are in fact an aggregates company with a small
EESH Committee charter in February 2022. Our EESH strategic cement business. Accordingly, for the first time
Committee members are diverse and have relevant expertise we are reporting our Scope 1 GHG intensity on a metric
to provide appropriate oversight in helping us achieve tonne of product basis across all tonnes of products sold
sustainable growth and reduce our risks. In particular, our by Martin Marietta in 2022. We also continue to provide
EESH Committee is tasked by the Board with reviewing and separate Scope 1 CO e emissions intensities for our cement
2
monitoring our compliance with environmental laws and and magnesia specialties businesses. In addition to
regulations, our public reporting and disclosure with respect outlining our progress toward our previously disclosed
to climate change-related risks and opportunities and other Scope 1 CO e emissions intensity targets in these
2
environmental issues, and has the authority to investigate businesses, and our Scope 2 GHG targets for the business
any matter falling within its purview. The EESH Committee as a whole, for the first time this year we are announcing
receives reports relating to environmental, safety, ethics and our Ambition for the business as a whole to be Net Zero
other sustainability matters, including GHG emissions, for Scope 1 and 2 GHG emissions by 2050.
directly from management, which in turn receives at least

Ethics, Environment, Safety and Health Committee

Chair, Dorothy M. Ables Sue W. Cole Smith W. Davis Anthony R. Foxx

44 2022 SUSTAINABILITY REPORT