Page 10 - 2023 Sustainability Report

COMPANY OVERVIEW

Corporate Governance Serves as Our Foundation

Martin Marietta has a culture dedicated to ethical business regulations, as well as our public reporting and
behavior and responsible corporate activity. We believe disclosure with respect to climate change-related risks
strong corporate governance is the foundation for and opportunities and other environmental issues
delivering on our commitments. • Has the authority to investigate any matter falling within
its purview
Our Board of Directors • Reports to the full Board
• We refreshed the leadership of the committee in 2022
As stewards of Martin Marietta, our Board plays an with a continued focus on diversity and ensuring Board
essential role in determining strategic priorities and composition and skills are aligned with our strategy
considers sustainability issues an integral part of its
business oversight. Our Corporate Governance Guidelines, These examples reflect the ways in which sustainability is a
available on our website, set forth a flexible framework priority in our risk oversight, strategic planning and
within which the Board, assisted by its Committees, directs management, as well as the ongoing dialogue with our
the affairs of Martin Marietta. The Board receives a report shareholders.
from each of these Committees on its work relating to
sustainability matters. Importantly, as discussed in the next
section, the Board’s strategic review and risk assessments 50% Women or minorities represent 50%
also includes management’s sustainability goals, our of our 2024 Director Nominees
performance relating to sustainability and our engagement
with investors with regard to sustainability matters.
8 OF 10 8 new director nominees in the past
OUT
9 years, increasing refreshment and
“These examples reflect the ways in blending new ideas with experience

which sustainability is a priority in All Board members comply with our
our risk oversight, strategic planning Corporate Governance Guidelines,
100% including those relating to overboarding;
and management, as well as the alldirectorssitonnomorethanthree
public company boards
ongoing dialogue with our
shareholders.” 8.5 The average tenure of our Directors is

Years 8.5 years

Our Ethics, Environment, Safety and Our Other Board Committees
Health (EESH) Committee In addition to our EESH Committee, we have established
a number of Board Committees with overlapping
• Established in 1994 and meets at least four times annually
responsibilities for sustainability matters. We believe this
• Updated charter in February 2022 to codify the approach has been effective in integrating sustainability as
Committee’s responsibilities in light of our increasing
focus on EESH matters a core element of our corporate governance:
• Comprised wholly of independent directors, whose •Our Management Development and Compensation
members are diverse and have relevant expertise to Committee sets formulaic goals for incentive pay that
provide appropriate oversight in helping us achieve include sustainability metrics; also reviews matters relating
sustainable growth and reduce our risks
to human capital management, diversity, equity and
• Reviews our Sustainability Report and our sustainability inclusion (DEI), talent acquisition and retention, and
performance commitments and goals, including capital compensation matters related thereto
investments and improved practices that reduce
greenhouse gas (GHG) and other emissions • Our Audit Committee reviews our significant
• Reviews the input we have had from, and our environmental matters and assesses the potential risks
engagement with, investors on sustainability matters and liabilities they may pose to our business. The Audit
• Monitors our safety performance, Ethics Office activity, Committee also has oversight over technology and
and compliance with environmental laws and information security risks, including cybersecurity.

8 2023 SUSTAINABILITY REPORT