OPERATIONAL EXCELLENCE
CUSTOMER-CENTERED INNOVATION
DATA SUMMARY
GRI INDEX
INTRODUCTION
PEOPLE-FIRST CULTURE
Ethics, Integrity, and Governance We adhere to the highest standards of ethics, integrity, and governance and believe these elements are critical to S&C’s long-term success. ETHICS AND INTEGRITY S&C commits to treating all team members, customers, suppliers, and other stakeholders fairly; acting ethically; and upholding the highest standards of integrity. Our Values & Guiding Principles drive our actions and reinforce our reputation as a trusted partner and employer. Our associate general counsel for global compliance, labor and employment, and our senior ethics and compliance specialist oversee our compliance program, policies, and procedures. They report directly to the general counsel and are under the purview of S&C’s president and CEO, as well as the audit committee of the board of directors. The general counsel and associate general counsel for global compliance, labor and employment serve as chair and co- chair, respectively, of the S&C Compliance Committee, which includes global business leaders and members of our senior leadership team. S&C’s Required Ethical Standards, Code of Business Conduct provides team members with guidance on making ethical decisions and complying with all applicable laws, rules, standards, best practices, and regulations in the jurisdictions in which we operate. Team members complete annual training on our Required Ethical Standards, Code of Business Conduct. We encourage reporting of any work-related behavior that may violate the law, company policies, or ethical standards, whether in-person, in writing, or through S&C’s anonymous hotline operated by an independent third-party provider.
CORPORATE GOVERNANCE Guided by S&C’s board of directors and senior leaders, we prioritize risk mitigation and ethical business practices to serve our team members, customers, and other stakeholders. Board of Directors S&C’s board, led by chair John Estey, former S&C president and CEO, oversees the company’s strategic direction and operational performance and leads senior leadership succession planning. The board supports the long-term interests of team members
and, in keeping with our Values & Guiding Principles, considers our stakeholders in decision-making. Board members are accomplished leaders who bring unique perspectives, skills, and experience to provide effective oversight. When selecting new board members, the board’s governance committee uses a detailed skills matrix to ensure diverse representation in guiding the business. The trustee of the ESOP component of the S&C 401(k) Retirement Savings and Employee Stock Ownership Plan (KSOP) ratifies all board elections.
SUMMARY OF BOARD COMMITTEE OVERSIGHT Board Committee
Oversight Responsibility
Governance
Assists the board in overseeing board structure and governance practices, including: • Ensuring board skills and experience align with the company’s strategy • Ensuring new directors receive sufficient and appropriate orientation and opportunities for continuing director education • Making sure the board engages in an objective and self-critical evaluation of its individual and collective performance Assists the board in carrying out its overall responsibility relating to human resources and compensation, including: • Executive compensation, including compliance and programs • Leadership development and succession • Broadly applicable human resource, compensation, and benefit programs Assists the board with matters involving accounting, financial reporting, internal control, and risk management, with oversight of: • The integrity of S&C’s financial statements • The performance of S&C’s financial function and strength of internal controls regarding financial reporting and accounting • S&C’s compliance with legal and regulatory requirements applicable to financial matters • Compliance with S&C’s Guiding Principles and Required Ethical Standards, Code of Business Conduct • Together with S&C leadership, periodic review of certain business risks delegated and assigned to the committee by the board under the company’s enterprise risk management program • S&C’s Internal Audit function, including approval of its mandate, role, responsibilities, and annual risk-based Internal Audit Plan
Human Resources and Compensation
Audit and Compliance
S&C 2025 Sustainability Report 5
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