Page 8 - 2022 Sustainability Report

COMPANY OVERVIEW

Engagement, Responsiveness and Accountability

We have adopted a holistic approach to sustainability that is highly interactive, responsive and also responsible. We hold
ourselves accountable to high standards and set meaningful targets and goals that we believe are achievable despite
substantial challenges.

Direct Shareholder Engagement Responsive to Shareholder Concerns

• We welcome conversations with our shareholders, • We have adopted a Net Zero 2050 Ambition in this
inviting opportunities to discuss our strategy, report
accomplishments, challenges, and targets • We have added discussion of physical, climate and
• We engage at the highest levels of management; other risks to this report
our calls generally include the Chairman and CEO, • We have added a TCFD Alignment Index to this
Executive Vice President and General Counsel, Senior
report
Vice President and CFO, Head of Sustainability, Deputy
• We have added detail to Our Roadmaps and to our
General Counsel and VP-Investor Relations
discussions of the differences between the U.S. and
• We speak to many shareholders numerous times. For other jurisdictions in this report
example, we communicated with one shareholder ~12
• We continue to expand our discussion of diversity,
times during 2022-2023 to discuss their questions and
equity and inclusion both in this report and on our
observations
website
• We will consider setting and verifying reduction
targets under the Science Based Target initiative (SBTi)
framework

Robust Board Oversight Realistic and Meaningful Targets, Goals
and Ambitions
• Our Ethics, Environment, Safety and Health (EESH)
Committee, which guides our environmental and • Medium term (2030): Targets set for the reduction of
sustainability policies, meets at least four times a year Scope 1 and Scope 2
• Established in 1994, it consists of fully independent • Long term (2050): Net Zero target for Scope 2, Net
Board members and reports to the full Board Zero ambition for Scopes 1 and 2 combined
• EESH Committee and other Board members have • Targets are reviewed annually in light of technological
significant experience and knowledge of ESG and specification changes
matters
• We will review our targets and validation methods
• Other committees including Management after the SEC’s expected climate disclosure rules are
Development and Compensation, Audit, Nominating finalized
and Governance and Finance all review various aspects
of the performance of management and the
Company on these important issues

6 2022 SUSTAINABILITY REPORT