Page 53 - 2023 Sustainability Report

ENVIRONMENTAL STEWARDSHIP

Our operations are subject to periodic self-assessments, as
well as regular inspections by regulatory authorities, and ”Our EESH Committee members are
our confidential ethics hotline is available for reporting
suspected environmental issues and bringing those issues diverse and have relevant expertise
to the attention of management. Our internal practices to provide appropriate oversight
and procedures often go beyond regulatory requirements.
For example, our Magnesia Specialties business has in helping us achieve sustainable
maintained ISO 9001 quality management certifications for growth and reduce our risks.”
both of our magnesia facilities since 1996.
Our proactive management of environmental matters at
our sites and the high skill level of our employees, coupled In the sections that follow, we further detail our
with advice from qualified outside advisors when performance with respect to various issues that are, or may
appropriate, have allowed us to achieve a strong be, significant to our business. This includes the issue of
compliance record. As we have responsibly grown our climate change-related risks and goals, which are
business, we have maintained our focus on these goals by increasingly important considerations for our business as
prioritizing environmental stewardship and compliance well as our shareholders. Specifically, we provide important
during integration.
information regarding the carbon footprint of our overall
At the Board of Directors level, we have an Ethics, business and important steps we have taken and plan to
Environment, Safety and Health (EESH) Committee, take in reducing the carbon intensity of our operations.
comprised wholly of independent directors, which meets at With respect to our business as a whole, we have found
least four times annually to review and discuss our through our engagement that many investors identify our
sustainability goals, including an update on capital business as being aligned with cement sector companies
investments and improved practices that reduce greenhouse when we are in fact an aggregates company with a small
gas (GHG) and other emissions, and performance with strategic cement business. Accordingly, in our 2022 report
respect to these undertakings. Our EESH Committee we began reporting our Scope 1 GHG intensity on a metric
members are diverse and have relevant expertise to provide tonne of product basis across all tonnes of products sold
appropriate oversight in helping us achieve sustainable by Martin Marietta. We continue to provide separate
growth and reduce our risks. In particular, our EESH Scope 1 CO e emissions intensities for our cement and
2
Committee is tasked by the Board with reviewing and Magnesia Specialties businesses. In addition to outlining
monitoring our compliance with environmental laws and our progress toward our previously disclosed Scope 1 CO e
2
regulations, our public reporting and disclosure with respect emissions intensity targets in these businesses, and our
to climate change-related risks and opportunities and other Scope 2 GHG targets for the business as a whole, for the
environmental issues, and has the authority to investigate first time in 2022 we established our Ambition for the
any matter falling within its purview. The EESH Committee business as a whole to be Net Zero for Scope 1 and 2
receives reports relating to environmental, safety, ethics and GHG emissions by 2050.
other sustainability matters, including GHG emissions,
directly from management, which in turn receives at least
quarterly updates from operating personnel directly
responsible for compliance in these areas. The EESH
Committee reports to the full Board.

Ethics, Environment, Safety and Health Committee

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

MARTIN MARIETTA 51