Our goal is to maintain transparent communications with our shareholders. Our Board of Directors makes regular, direct outreach to our investors and actively participates with our Senior Management Team in the oversight of our ESG strategy, risks, and opportunities. BOARD OVERSIGHT OF ESG Because ESG is a critical part of our business strategy, our entire board has responsibility for ESG oversight. In recognition of the significance, attention, and focus that ESG strategy requires, our B oard has delegated specific ESG responsibilities to each of its committees:
GOVERNING BODY
SUSTAINABILITY-RELATED RESPONSIBILITIES
2020 SUSTAINABILITY- RELATED DISCUSSIONS
Board
Presentations by SVP, Director of Energy, Sustainability and ESG and discussion on reallocation of ESG responsibility among board committees. Discussions about ESG risks with internal audit consultant and management and revised charter to better capture ESG risk responsibility.
Overall responsibility for strategy, including ESG. While the Nominating and Corporate Governance Committee leads recommendations with respect to ESG, the B oard has ultimate decision- making authority. ESG matters from each committee are also referred to the full board as appropriate. As part of its oversight of the company’s ERM program, the committee reviews and discusses the company’s risks and mitigants related to ESG, including environmental risks like climate change. In 2020, we revised the committee title to emphasize the importance of its human capital management oversight duties. The committee oversees the company’s strategies and policies related to human capital management, including with respect to matters such as DE&I, workplace environment and culture, pay equity, and talent attraction and retention.
Audit Committee
Compensation and Human Capital Committee
Discussions about human capital management and determined to revise charter.
Finance Committee
Discussions about our competitive edge in sustainability in relation
The committee considers ESG opportunities and strategy in review and analysis of significant transactions and financings.
to acquisition / redevelopment opportunities and
developing relationships with minority depository institutions as part of broader commitment to supplier diversity. Discussions about ESG strategy and determined to revise charter.
Nominating and Corporate
The committee considers social responsibility, environmental and sustainability matters, and makes recommendations to the board regarding such matters.
Governance Committee
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