Addressing the focus areas that are important to our Company and stakeholders is a key component of our sustainability and ESG strategy. Working with a leading global provider of sustainability services in 2019, we previously conducted a robust materiality assessment to identify, prioritize and validate the Company’s most significant environmental, social and governance (ESG) topics. We identified the following top-tier focus areas that have been incorporated into our ESG framework – Climate and Carbon; Product Stewardship; Life Cycle Assessment; Occupational Health and Safety; and Talent Acquisition and Employee Engagement.

Our process included:

• Background research from key sources across our industry peers, customers, investors and other stakeholders
• Impact mapping of our value chain to identify key stakeholders and topic boundaries
• Internal stakeholder interviews with executives and business unit leaders across our divisions and global teams
• External stakeholder interviews with investors, customers, suppliers and nongovernmental organizations
• Written source review for both internal and external evidence
• Validation workshop with the Sustainability Steering Committee and other members of our executive team
• Presentation of results to the Nominating and Corporate Governance Committee and full Board of Directors

Our approach ensured a wide-ranging set of contributions, synthesized through the lens of our most significant impacts and the influence on our stakeholders. Our board, members of our executive team and subject matter experts supported the completion of this process and the implementation of further action based upon the assessment results.

We refresh our materiality assessment on a periodic basis as part of our ongoing work to drive alignment among our sustainability efforts and to reflect the expectations of both internal and external stakeholders.