Sustainability Governance

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Corporate Governance and Sustainability

While our entire Board of Directors (“Board”) engages on sustainability matters that impact our business, it has assigned primary responsibilities to specific committees of the Board to oversee sustainability risks and strategies in areas such as the environment, data security, human capital management and inclusion, corporate citizenship, and risk management.

  • The Nominating and Corporate Governance Committee (the “NCG Committee”) exercises primary oversight of our sustainability efforts, including monitoring our approach, reviewing our corporate citizenship and sustainability initiatives and targets, and reviewing with our management the impact of our business operations and practices. The NCG Committee periodically reports to our Board with regard to our sustainability programs, including potential long- and short-term trends and the impact of sustainability issues on our business.
  • The Audit Committee reviews with our management the type and presentation of our key sustainability and climate disclosures and the adequacy and effectiveness of applicable internal controls related to such disclosures. Additionally, the Audit Committee reviews the Company’s alignment with relevant reporting standards, the use of external assurance, and how sustainability and climate risks are incorporated into our overall risk management processes.
  • The Compensation Committee is tasked with considering our sustainability efforts when evaluating executive compensation, evaluating the impact of sustainability matters on executive officer and employee performance, and reviewing and discussing with management our compensation initiatives, policies and disclosures with respect to sustainability matters. In addition, it reviews with management our human capital management activities.
  • The Risk Committee reviews and assists with oversight of our key risk exposures, including those related to operations, which includes business continuity, information security (“security”), data management and privacy; and our use of emerging technologies, including AI, to the extent such use presents material operational, ethical, or compliance risks.

We advanced our sustainability strategy in fiscal year 2025 by building on the results of our second materiality assessment, conducted in fiscal year 2023; identifying sustainability goals through half yearly meetings with the management Sustainability Task Force and quarterly meetings with the NCG Committee; making progress on our Science Based Target initiative (“SBTi”) validated climate goals; and initiating a Climate Risk Assessment.

Sustainability Oversight

Our Chief Executive Officer and Executive Management Team (“M-team”) are responsible for our overall sustainability strategic performance and appropriate policies and processes to manage sustainability across our business. Our Head of Sustainability is responsible for leading our integrated strategy and engaging with cross-functional teams and business leaders with the goal of appropriate alignment and management of our sustainability initiatives. Additionally, our management-level Sustainability Task Force (“Sustainability Task Force”) is a cross-functional group responsible for our overall sustainability program’s strategic performance including the creation and support of appropriate policies, processes, and activities to manage sustainability matters across the business. Our Sustainability Task Force meets at least half-yearly and advises on sustainability disclosures.