Page 30 - Martin Marietta - 2024 Sustainability Report
P. 30

COMPANY OVERVIEW



        important to Martin Marietta in this regard and the governance we have on these issues. Accordingly, we designed a new
        Political Contributions and Lobbying web page responsive to the CPA-Zicklin scorecard resulting in a 77.1 point increase in
        our CPA-Zicklin scores from a 10.0 in 2022 to an 87.1 in 2023, which is in the index’s top quartile. In 2024 the
        Company saw further improvement in its score to 90.0 placing it in the Index’s Trendsetters category.

                                                              Political Contributions
        “At Martin Marietta, we believe our
        success depends on the ability to                     Martin Marietta does not have a Political Action
                                                              Committee and, accordingly, does not make direct
        integrate important values into our
                                                              contributions to political candidates, parties or committees
        long-term corporate strategy. In                      at the federal level. Generally our political contributions are
        addition to safety, environmental,                    relatively small. In 2024, Martin Marietta’s direct political
        employees, communities, and our                       contributions to 527 groups and/or political associations in
                                                              respect of state and local matters totaled $252,977
        other important considerations that
                                                              including the following:
        advance our sustainable value, this
                                                              • Infrastructure funding      $123,200
        includes making sure that our
                                                              • Political campaign support  $ 83,652
        political expenditures and advocacy
                                                              • Regulatory Reform           $ 46,125
        are aligned with our core business
        strategy, goals and values.”                          Additional information regarding political contributions is
                                                              available on our website.




        Trade Associations

        We are a member of various national and state trade associations, in addition to the U.S. Chamber of Commerce, that
        make political contributions. We believe all the groups of which we are a member share and otherwise further our goals,
        as well as providing both a useful forum for discussing issues of general industry significance and an effective platform for
        advocating positions on issues of importance to the members, including Martin Marietta. We periodically review lobbying
        registrations submitted by these associations as part of our continuing membership and do not believe any have taken any
        position as part of their lobbying efforts that are inconsistent with our stated strategy or in conflict with the interest of our
        shareholders, though from time to time such associations may take positions on issues that are not fully representative of
        ours. Overall, we believe that Martin Marietta’s membership in such associations is in the long-term interests of the
        Company and its shareholders. Our total indirect lobbying payments made in 2024 were $248,164. The four national
        trade associations to whom we have paid dues that include a portion that goes towards lobbying or political donations
        are the National Stone Sand & Gravel Association, the National Ready Mixed Concrete Association, the National Asphalt
        Pavement Association, and the U.S. Chamber of Commerce.


        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



        28 2024 SUSTAINABILITY REPORT
   25   26   27   28   29   30   31   32   33   34   35