Our governance structure is designed to facilitate accountability, transparency, and ongoing improvement of our programs. We’ve integrated corporate responsibility throughout our business, from our daily operations to our executive leadership and our Board of Directors (Board).
Our Board’s Governance Committee provides oversight on corporate responsibility and sustainability matters not delegated to other Board committees, including relevant policies, programs, and initiatives. Our Board’s HR and Compensation Committee monitors the effectiveness of strategic human capital initiatives designed to attract, engage, motivate and retain employees. The Audit Committee of our Board periodically reviews legislative and regulatory developments affecting Environmental, Social, and Governance (ESG) disclosures in Securities and Exchange Commission (SEC) reports.
Our ESG Leadership Committee — chaired by our CSO— provides guidance on global corporate responsibility issues, reviews progress on our goals, discusses risks and corresponding mitigation activities, and provides oversight of external reporting. The committee is also responsible for overseeing programs related to our corporate responsibility portfolio. The committee is composed of executives from Finance, Global Affairs, Human Resources (HR), and Legal. Other senior management representatives are periodically invited to ESG Leadership Committee meetings for updates, discussions, and engagement. The CSO, on behalf of the Committee, reports to our Board’s Governance Committee at least two times a year.
Our ESG Working Group is a cross-functional committee comprising business and functional leaders who oversee the execution and coordination of activities, goals, and key corporate responsibility issue areas. It integrates directives from the ESG Leadership Committee into company-wide programs, measures progress on achieving our goals, and reports accomplishments and challenges. The Working Group includes managers and other subject matter experts from functions across the Company, including Cybersecurity, Health and Safety, Finance, HR, Human Rights, Investor Relations, Legal, Manufacturing, Operations and Supply Chain Management, as well as Science, Technology, Engineering, and Mathematics (STEM) Education, among others.
The corporate responsibility and sustainability issues overseen by the ESG Leadership Committee and ESG Working Group include climate-related risks and opportunities, climate change mitigation and adaptation, STEM education, supply chain sustainability, social impact programs, human rights, forced labor, health and safety, sustainability reporting, public policy and regulation, and resource management, among others.