The Board of Directors oversees risks related to business strategy execution and reputation, including risks related to sustainability matters, and to achieving sustainability and financial targets. It assigns the oversight of certain sustainability risks to specific Board committees, which provide regular report-outs and make recommendations to the Board.
Sustainability and Innovation (S&I) Committee
The S&I Committee has primary oversight responsibility for sustainability-related goals and strategy related to GHG emissions, biodiversity, and sustainable innovation. It oversees performance toward sustainability commitments and other sustainability-related matters, and provides oversight of the risks related to our innovation pipeline.
Audit Committee
The Audit Committee provides oversight of the Company’s financial and cybersecurity risks and internal controls over financial reporting.
People and Compensation Committee
The People and Compensation Committee provides oversight of the Company’s human capital management practices. This committee has included a sustainability modifier within our executives’ short-term incentive compensation program for 2025. Each year the committee holistically evaluates our sustainability performance, including the success of our innovation pipeline and environmental performance, to determine whether a positive or negative modification to the executives' short-term incentive compensation is appropriate.
Governance and Compliance Committee
The Governance and Compliance Committee retains oversight of our ethics, compliance, and safety programs, which reinforce our values. It provides oversight for enterprise risk management by discussing our major risk and reputational exposures and the steps management has taken to monitor and control such exposures, including risk assessment and risk management policies.