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governance & ethics

 

 

 

 

 

Governance & Ethics

 

Ensuring Appropriate Oversight and Accountability

Governance & Ethics

At Sherwin-Williams, our approach to sustainability and environmental, social and governance (ESG) performance is managed within a governance structure that enables broad engagement across the organization, while providing appropriate oversight and accountability throughout the Company.

Leadership Commitment to Sustainability and ESG

Our sustainability and ESG strategy and performance are led by the Sherwin-Williams Sustainability Steering Committee and Sustainability Council.

Sustainability Steering Committee

Consisting of members of our executive team and other senior leaders, the Sustainability Steering Committee seeks to ensure a holistic approach to developing and progressing our sustainability and ESG strategies and initiatives and to drive alignment across the organization to address emerging ESG risks and opportunities.

 

Sustainability Council

The Sustainability Council consists of subject matter experts responsible for day-to-day management and coordination of various aspects of our sustainability and ESG initiatives, policies and programs. The council is focused on deeper integration of sustainability and other ESG initiatives throughout the Company and the proactive identification of emerging sustainability and ESG trends and opportunities across the organization. It also has a lead role in the implementation of the Company’s sustainability goals and aspirations.

 

 


Board Oversight of Sustainability and ESG

While our executive team and other senior leaders are responsible for assessing and managing the Company’s exposure to various risks, our Board of Directors has responsibility for the oversight of risk management. Our Board Committees assist with this oversight responsibility by reviewing specific risk areas, including certain ESG risks, and making regular reports to the Board.  These Board Committees are composed entirely of independent directors.

  • Nominating and Corporate Governance Committee supports the Board in overseeing the Company’s key environmental (including the impacts of climate change), product stewardship, health and safety, sustainability and corporate social responsibility policies and strategies. This Committee also assists with reviewing and developing the Company’s corporate governance guidelines and practices.

 

  • Compensation and Management Development Committee assists the Board in overseeing the Company’s key policies and strategies regarding the attraction, retention and development of talent, including inclusion, diversity and equity initiatives.  This Committee also reviews the Company’s compensation policies and practices and evaluates whether such policies and practices encourage excessive or unnecessary risk-taking.

 

  • Audit Committee supports the Board in overseeing the Company’s enterprise risk management process and exposure to financial risks and compliance with legal and regulatory requirements. This Committee also reviews and discusses with management the Company’s risk exposures relating to cybersecurity and the steps management has taken to monitor and mitigate such exposures.