Company: POR
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0000784977-25-000055
Chunk: 19

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 19
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 oversight of our strategy. These issues are core to our strategy and therefore are incorporated into topics reviewed at each Board meeting.

Management is responsible for day-to-day management of identifying and achieving environmental, social and governance related goals. To ensure consistency and comprehensiveness in its approach, we have established a management-level Sustainability and Environmental, Social and Governance Steering Committee to oversee the execution of the strategies designed to achieve these goals. This committee reports to the Strategy Executive Steering Committee.

The Board regularly reviews and monitors risks arising from climate change related events that impact our business, such as ice storms and wildfires and oversees the programmatic efforts established to mitigate such events. The Board monitors the implementation of legislation and regulation on our clean and renewable energy and transportation electrification strategy and monitors progress towards alignment with local, state and federal goals. In addition, the Board approves capital budgets that reflect allocation decisions towards system-wide resilience and customer facing-programs, as well as financing arrangements that have key environmental, social and governance metrics to determine success. The Board also reviews community engagement and workforce and culture initiatives for alignment with our strategic goals.

Key risk areas overseen by the Board and the committees are shown below:

| 2025 Proxy Statement |     | Portland General Electric|33 |

#### Item 1: Election of Directors

#### Sustainability Governance Framework
| Board Oversight                                                                                                                                                                                                                  |
| The Board's strategic responsibility includes oversight over actions to address risks and opportunities related to climate change and the company's decarbonization strategy                                                     |
| Nominating, Governance and Sustainability Committee                                                                                                                                                                              |
| Provides overall guidance and oversight of sustainability programs and performance affecting the Company, including reviewing our decarbonization goals and progress towards achievement, and community and political engagement |
| Audit and Risk Committee                                                                                                                                                                                                         |
| Oversees risk oversight as explained in Board Oversight of Risk Management above and oversees ESG disclosures                                                                                                                    |

| Compensation, Culture and Talent Committee                                                                                                                                                         |
| Oversees compensation plan metrics, including but not limited to Long Term Incentive Plan goals that include a decarbonization metric, as well as  talent management and human capital disclosures |
| Finance and Operations Committee                                                                                                                                                                   |
| Oversees capital budgets, strategic capital investments and alignment to strategic goals and reviews and monitors ESG key performance indicators related to financing structures                   |

| Political Engagement 
 and Disclosure       |     | Political developments can have a significant impact on the Company and our stakeholders. We participate in the political process through regular engagement with public officials and policy makers. We make contributions to candidates, parties and political action committees from across