exo-is/governance-reporting-on-listed-companies huggingface dataset:
Keyword: governance
Demonstrating best-in-class environmental, social, governance performance
• 2 022: Global Challenges Index
Among 50 companies making pioneering contributions to overcome global challenges
such as climate change, the provision of clean drinking water, deforestation, biodiversity,
population development, poverty and global governance
• 2 022: Productivity-Linked Wage Systems Award- Malaysia Human Resources Minister
Winner of the large company category
• 2 022: CDP Climate Change A- rating
For leadership on climate change and disclosure and management of
climate-related risks
• 2 021: Department of Natural Resources and Environment HCMH Environment Award
First Solar Vietnam achieved 3rd place in recognition of its efforts to protect
the environment
• 2 021: Fast Company’s World Changing Ideas Award Fina
Keyword: governance
• Governance & accountability
• Labor practices
• Responsible sourcing
& human rights
Local Meetings & Town Ongoing basis • Circular economy
Communities Councils, Presentations • Community Impact
to Community • Environmental compliance
Organizations, School & eco-efficiency
Visits, Local Tours, • Health & safety
Training Programs • Job creation
• Quality & Reliability
First Solar Sustainability Report 2023 71About this Report
Government/ Meetings & Ongoing basis • Circular economy
Regulators Hearings, Conference • Community impact
Presentations, • Economic performance
Seminars & Workshops, • Energy & emissions
Committees, Tax Audits • Environmental compliance
& eco-efficiency
• Ethics & compliance
• Hazardous materials
• Public policy
• Quality & relia
Keyword: governance
102-18 Governance structure Governance
102-40 List of stakeholder groups Stakeholder Engagement
102-41 Collective bargaining agreements Collective Bargaining and Freedom of Association
102-42 Identifying and selecting stakeholders Stakeholder Engagement
102-43 Approach to stakeholder engagement Stakeholder Engagement
102-44 Key topics and concerns raised Stakeholder Engagement
102-45 Entities included in the organization’s Annual Report and 10K
consolidated financial statements
102-46 Defining report content and topic About this Report
boundaries
102-47 List of material topics Sustainability Materiality Assessment
102-48 Restatements of information First Solar’s 2021 Scope 3 GHG emissions inventory
was updated to include purchased services and
upstream fuel extraction emissions
Keyword: bribe
i Executive Compensation compliance. FMC launched 10 mandatory trainings for iii Anti-Bribery and Anti-Corruption
new employees and 5 mandated trainings for all active
FMC has a longstanding practice of including sustainability- employees in 2023. FMC has strict standards around bribery and corruption
related objectives in the individual measures as a that apply to FMC employees and business partners who
component of annual incentive pay of the CEO and other 3. Communications: The Ethics Office maintains do business on FMC’s behalf. FMC’s requirements are
named executive officers. These metrics relate to FMC’s awareness about ethics and compliance via global described in its Code of Ethics, Supplier Code of Conduct,
sustainability goals as highlighted in this report and include processes, communications and special events. Anti-Bri
Keyword: bribe
such as antitrust, anti-bribery and anti-corruption,
recognized union, FMC expects suppliers to establish a
data privacy, intellectual property, and ethics and
constructive dialogue with their representatives.DIGITAL ESG APPENDICES 2023 SUSTAINABILITY REPORT 56
v Risk, Control and Audit vii Supply Chain Due Diligence
FMC has a robust Internal Audit (IA) function and Enterprise 1. Supplier Selection: FMC’s Supplier Code of Conduct
Risk Management (ERM) process as part of FMC’s Risk, and Sustainability Sourcing Statement define the
Control and Audit (RC&A) group. The Chief Audit Executive company's expectations of suppliers on ESG topics.
reports directly to the Audit Committee, and sets an annual All potential suppliers are evaluated through the
audit plan based on approp
Keyword: bribe
Anti Corruption Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery.
• Training of FMC organizations and FMC key third parties
• Anti-trust compliance campaign for FMC employeesDIGITAL ESG APPENDICES 2023 SUSTAINABILITY REPORT 59
GOVERNANCE
Scope of Assurance
ENGAGEMENT SUMMARY – ASSURED BOUNDARY
Assured Metrics Table
GHG Emissions & Energy: Waste:
Scope 1 GHG Emissions Waste Generated
Scope 2 GHG Emissions (Market based) Hazardous Waste Generated
Scope 2 GHG Emissions (Location based) Non-hazardous Waste Generated
Scope 3 GHG Emissions Waste Disposed
Scope 3 GHG Emissions (SBTi Boundary) Hazardous Waste Disposed
Biogenic Carbon Emissions (Scope 1) Non-hazardous Waste Disposed
Total GHG Emissions - Scopes 1, 2 & 3 (Market based) Waste to Beneficial Reuse
Total GHG Emissions - Scopes 1 & 2 (Market based) Ha
Keyword: corruption
anti-corruption. FMC became a signatory to the UNGC in
the Greenhouse Gas Protocol.
emissions (including Categories 1, 2, 3, 4, 5, 6, 7, 8, 9
2015. This report represents our ninth Communication
and 12), renewable and non-renewable energy, waste
on Progress in support of the UNGC principles.
EXPLORE (generated, disposed and beneficially reused), water
FMC.COM/SUSTAINABILITY Task Force on Climate-Related Financial (withdrawals, discharges and consumption) and safety
Disclosures (TCFD) (TRIR, LTIR, tier 1 and tier 2 process safety events and
We invite you to visit our website for FMC reports climate-related financial information fatalities). The Independent Accountants' Review Report
more information. There, you can access as recommended by TCFD as part of
Keyword: corruption
i Executive Compensation compliance. FMC launched 10 mandatory trainings for iii Anti-Bribery and Anti-Corruption
new employees and 5 mandated trainings for all active
FMC has a longstanding practice of including sustainability- employees in 2023. FMC has strict standards around bribery and corruption
related objectives in the individual measures as a that apply to FMC employees and business partners who
component of annual incentive pay of the CEO and other 3. Communications: The Ethics Office maintains do business on FMC’s behalf. FMC’s requirements are
named executive officers. These metrics relate to FMC’s awareness about ethics and compliance via global described in its Code of Ethics, Supplier Code of Conduct,
sustainability goals as highlighted in this report and include processes, communications and special events. Anti-Bribery and Anti-Corrup
Keyword: corruption
such as antitrust, anti-bribery and anti-corruption,
recognized union, FMC expects suppliers to establish a
data privacy, intellectual property, and ethics and
constructive dialogue with their representatives.DIGITAL ESG APPENDICES 2023 SUSTAINABILITY REPORT 56
v Risk, Control and Audit vii Supply Chain Due Diligence
FMC has a robust Internal Audit (IA) function and Enterprise 1. Supplier Selection: FMC’s Supplier Code of Conduct
Risk Management (ERM) process as part of FMC’s Risk, and Sustainability Sourcing Statement define the
Control and Audit (RC&A) group. The Chief Audit Executive company's expectations of suppliers on ESG topics.
reports directly to the Audit Committee, and sets an annual All potential suppliers are evaluated through the
audit plan based on appropriate risk factors f
Keyword: corruption
Anti Corruption Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery.
• Training of FMC organizations and FMC key third parties
• Anti-trust compliance campaign for FMC employeesDIGITAL ESG APPENDICES 2023 SUSTAINABILITY REPORT 59
GOVERNANCE
Scope of Assurance
ENGAGEMENT SUMMARY – ASSURED BOUNDARY
Assured Metrics Table
GHG Emissions & Energy: Waste:
Scope 1 GHG Emissions Waste Generated
Scope 2 GHG Emissions (Market based) Hazardous Waste Generated
Scope 2 GHG Emissions (Location based) Non-hazardous Waste Generated
Scope 3 GHG Emissions Waste Disposed
Scope 3 GHG Emissions (SBTi Boundary) Hazardous Waste Disposed
Biogenic Carbon Emissions (Scope 1) Non-hazardous Waste Disposed
Total GHG Emissions - Scopes 1, 2 & 3 (Market based) Waste to Beneficial Reuse
To
Keyword: corruption
GRI 205: Anti-corruption 2016
Disclosure Location Requirement(s) Omitted Reason Explanation
205-1 Operations assessed for risks related
pg. 55, 58
to corruption
205-2 Communication and training about
pg. 55, 58
anti- corruption policies and procedures
205-3 Confirmed incidents of corruption and
Confidentiality constraints
actions taken
GRI 206: Anti-competitive Behavior 2016
Disclosure Location Requirement(s) Omitted Reason Explanation
206-1 Legal actions for anti-competitive behavior, FMC Code of Ethics and
anti-trust and monopoly practices Business Conduct
GRI 207: Tax 2019
Disclosure Location Requirement(s) Omitted Reason Explanation
FMC Corporate Tax
207-1 Approach to tax
Policy Statement
FMC Corporate Tax
207-2 Tax governance, control and risk management
Poli
Keyword: tax
Vice President, Global Tax Executive Vice President, Operations, Supply Chain ANDREW D. SANDIFER
and Procurement Executive Vice President and Chief Financial Officer
BARRY J. CRAWFORD
Vice President, Transformation Management SUSANNE M. LINGARD JACQUELINE SCANLAN
Vice President, Regulatory Affairs Executive Vice President and Chief Human
PATRICK DAY Resources Officer
Vice President, Financial Planning and Analysis RONALDO PEREIRA
Executive Vice President and President, FMC Americas PRAMOD THOTA
DARREN DILLENBECK Vice President and President, FMC Asia Pacific
Vice President and President of FMC North America NICHOLAS L. PFEIFFER
Vice President, Corporate Controller and ABIZAR "ZACK" ZAKI
JULIE DINATALE Chief Accounting Officer Vice President, Corporate Strategy,
Vice
Keyword: tax
Market, Technology and to taxes, tariffs and • Solving for farmers' future challenges, such as shifting growing seasons and new or variable
pests, through novel modes of action, new modalities and formulations.
Policy & Legal Risk regulations
• Developing and expanding a portfolio of sustainably-advantaged products that enable farmers to
address pest pressure while improving soil quality, using natural resources more efficiently, and
Supply Chain Disruption Increased end-to-end
protecting biodiversity, including pollinators and other beneficial insects.
Policy & Legal supply chain disruption • Leveraging data science, machine learning and artificial intelligence to accelerate discovery
and Market Risk and need for resiliency processes in response to more rapid climatic c
Keyword: tax
Corporate Tax Policy Statement Provides transparency to FMC stakeholders on tax policy matters and compliance with tax regulations. Company 10
Provides an overview of FMC's comprehensive cybersecurity program to protect company and supply chain data. This
Cybersecurity Policy includes details around FMC's executive oversight and risk mitigation program, which includes risk assessment, auditing, Company, Suppliers 10
security systems, employee training and response plans.
Board Sustainability Summarizes the responsibilities of the Sustainability Committee of the Board of Directors to ensure the effectiveness of
Company (Board) 8
Committee Charter FMC's sustainability strategy and efforts related to ESG, including sustainability goals and objectives.
Provides a detailed understanding of FMC's sustainability efforts around climate change and water security an
Keyword: tax
GRI 207: Tax 2019
Disclosure Location Requirement(s) Omitted Reason Explanation
FMC Corporate Tax
207-1 Approach to tax
Policy Statement
FMC Corporate Tax
207-2 Tax governance, control and risk management
Policy Statement
207-3 Stakeholder engagement and management of FMC Corporate Tax
concerns related to tax Policy Statement
207-4 Country-by-country reporting Confidentiality constraints
GRI 302: Energy 2016
Disclosure Location Requirement(s) Omitted Reason Explanation
302-1 Energy consumption within the organization pg. 41, 43, 65
FMC does not currently track and report
302-2 Energy consumption outside of the organization Information unavailable/incomplete
this information at a global level
302-3 Energy intensity pg. 41, 65DIGITAL ESG APPENDICES 2023
Keyword: governance
in our Digital ESG Appendix - Governance. companies, cities, states and regions to manage their
Our annual sustainability report continues
environmental impacts. FMC has been reporting to CDP
to be an important tool for engaging key Global Reporting Initiative (GRI) since 2016. In 2023, FMC received an A- on Climate
This report and our web-based content at
stakeholders. The environmental and Change and an A on Water Security. Read more at
FMC.com/sustainability have been prepared
safety metrics in this report include all fmc.com/en/cdp-responses.
following the guidance in the GRI Standards.
sites under FMC’s operational control in
EXTERNAL ASSURANCE
2023. All greenhouse gas (GHG) emissions United Nations Global Compact (UNGC)
FMC engaged KPMG to provide limited assurance in
are r
Keyword: governance
business. Read more about our Governance and Operating Principles at FMC.com/sustainability or in our Digital ESG Appendix - Governance.
2023 Financial Performance Summary A Global Workforce
For the year ending December 31, 2023, FMC Corporation recorded the following results: As of December 31, 2023
$4.49 $1,321 $978* 24 %
40 % North
Annual Revenue GAAP Net Income Adjusted EBITDA America
(billions) (millions) (millions) Asia 6,600
Pacific
Employees
24
%
10.53 3.78*
$ $ 12 % Europe, Middle
East & Africa
GAAP Earnings Adjusted Earnings Latin
Per Diluted Share Per Diluted Share America
*Represents a non-GAAP financial term. Refer to our website, investors.fmc.com, for definitions and reconciliations of non-GAAP terms
to the most directly comparable GAAP term.
Main Product Lines
1 Insecticides 3 Fungicides
Global Footprint 4 Major Innovation 21 Manufacturing 7 R&D Spend as
%
Keyword: governance
used to make our products (otherwise referred Digital ESG Appendix - Governance. is a critical means of reducing Scope 3 emissions.
to as Direct Chemicals). We have implemented a In 2023, we initiated a pilot project with a key
process to map material-specific emission factors SUPPLIER ENGAGEMENT Category 1 Direct Chemicals supplier to develop
to each molecule. Over time, we will enhance criteria for evaluating green materials from
the process by using supplier-specific emission Our suppliers play a critical role in our journey suppliers. This work helps inform future sourcing
factors, which will help us better understand the to net-zero. We are partnering with EcoVadis – decisions as technology for green materials
GHG impact of our purchasing decisions. one of the world’s largest providers of business continues to ad
Keyword: governance
1 Good water governance
• FMC’s Stine Research Center achieved
limited assurance in relation to specified
2 Sustainable water balance the highest level of certification from My
environmental and safety metrics. The metrics Green Lab, which rates 12 key sustainability
3 Good water quality status
and notes subject to assurance were prepared areas including waste reduction and resource
4 Important water-related areas management. The My Green Lab assessment has
in accordance with the criteria outlined in our
led to ongoing projects that encourage behaviors
5 Safe water, sanitation and Digital ESG Appendix - Governance, pages 59-
to reduce waste and increase recycling. This
hygiene for all (WASH)
66. See the Independent Accountants' Review certification is considered
Keyword: governance
governance continues to be a key area of
Together – underscored this important aspect
focus for our teams.
of our company’s culture with programming and
resources that demonstrate how diversity drives
our business.
Furthermore, we continue to build a culture of
inclusion where every employee feels a sense of
We operate in a complex global environment
belonging and has equal opportunity to succeed.
with a wide array of stakeholders. A workforce
that reflects this rich diversity allows us to build
EMPLOYEE ENGAGEMENT
relationships and collaborate more effectively
across our value chain. Our commitment to
We have made inclusivity a cornerstone of
diversity, equity and inclusion (DEI) also extends
FMC’s culture through our many employee
to our engagement
Keyword: governance
Governance Governance pg. 46 Proxy
Scenario Analysis pg. 47 CDP C3
Financial Planning pg. 47-49 CDP C3
Strategy
Value Chain Engagement
pg. 11, 47-49 CDP C12
and Low Carbon Initiatives
Policy Engagement pg. 47, 53 CDP C12
Risk CDP C12,
Risks and Opportunities pg. 47
Management 10-K pg. 12-13, 41
Targets pg. 09, 45, 48-49 CDP C4
Metrics and
Targets Scope 1, 2 and 3 Accounting
pg. 40, 53-55 CDP C6 and C10
with AssuranceDIGITAL ESG APPENDICES 2023 SUSTAINABILITY REPORT 46
CLIMATE TRANSITION PLAN
Governance Structure
FMC’s global Environmental Sustainability Workgroup leads programs and initiatives that drive progress toward our net-zero and 2035 environmental goals. The cross-functional group is
guided by an Executive Steering Committee and Sustainability Impact Pa
Keyword: governance
functions. Additional information regarding FMC’s overall sustainability governance and stakeholder engagement can be found in our proxy statements and website.
Board of Directors
Chief Executive Officer
Executive Sustainability Committee Chief Sustainability Officer External Council
FMC ENVIRONMENTAL SUSTAINABILITY WORKGROUP
Executive Steering Committee
Sustainability Impact Panel
WORKSTREAMS
Energy Direct Transportation
Energy Electrification Fleet Packaging Waste Water
Efficiency Chemicals & DistributionDIGITAL ESG APPENDICES 2023 SUSTAINABILITY REPORT 47
CLIMATE TRANSITION PLAN
Risks & Opportunities
Risks & Opportunities Model Conditions
Description Strategy: Minimizing Risks & Maximizing Opportunities
TCFD Alignment Time Horizons
Short Term: 2030
Medium Term: 2040
Long Term: 2050
Climate Scenarios
Aggressive Climate
Keyword: governance
Governance
biodiversity throughout the completion of the TNFD • Incident Response
process and in our annual CDP submission.
• Label Integrity
FMC continuously monitors risks and issues related to
• New Hire Onboarding
biodiversity and invests in product innovation, programs
• Stewardship Staff
and partnerships to promote biodiversity protection. FMC
Culture Competency
offers an innovative product pipeline and complementary
solutions, including precision agriculture and biologicals, • Stewardship Culture
Monitoring
for Integrated Pest Management (IPM), which can help
minimize impacts on biodiversity. Potential product-related
• Third Party Engagement
impacts on biodiversity are evaluated as a part of FMC’s
• Smallholder Engagement
Product Sustainabili
Keyword: governance
rotational learning, mentoring and coaching, and outlines corporate governance, control, oversight and
leadership and functional assessments. In 2023, iii Community and Stakeholder Engagement procedural guidance for FMC corporate contributions
over a third of FMC managers completed more than to political candidates and causes. FMC discloses
9,000 hours of structured leadership development 1. Communities: FMC’s community engagement is guided monetary contributions to U.S. federal and state
courses. In addition, all FMC employees are provided by FMC for Good, a strategic framework that focuses candidates and to ballot measures, and also discloses
virtual self-led development courses relating to critical on hunger relief, education and the environment. corporate donations to political committees and
business skills, lea
Keyword: governance
60+ 451 335 116 0 Governance Bodies (Operating Committee) Senior Management, First Level Managers,
Professionals and Sales Workers.
External Hires 853 583 258 12 by Age Group, Global
EEO-1
Voluntary Turnover 459 303 156 0 FMC discloses EEO-1 data here. Please
Count % note that job categories differ in the way
ASIA PACIFIC we categorize jobs and track DEI progress
Operating Committee Total 21 100% at FMC.
Full Time Employees 2,640 1,964 673 3
Full Time Employees
External Hires 447 375 71 1 Under 30 0 0% Metrics, including age ranges, include
full-time FMC employees and exclude other
Voluntary Turnover 209 162 47 0 30-50 8 38%
payroll workers (i.e. interns, apprentices
and trainees).
NORTH AMERICA Over 50 13 62%
Full Time Employees 1,510 968 531 11
External Hires 136 75
Keyword: governance
GOVERNANCE
Governance Topics
At FMC, we proactively identify and manage material ESG risks, which is integral to our commitment to sustainable business practices.
i Executive Compensation compliance. FMC launched 10 mandatory trainings for iii Anti-Bribery and Anti-Corruption
new employees and 5 mandated trainings for all active
FMC has a longstanding practice of including sustainability- employees in 2023. FMC has strict standards around bribery and corruption
related objectives in the individual measures as a that apply to FMC employees and business partners who
component of annual incentive pay of the CEO and other 3. Communications: The Ethics Office maintains do business on FMC’s behalf. FMC’s requirements are
named executive officers. These met
Keyword: governance
4. Governance: The FMC Ethics Office is a dedicated
alleged non-compliance with FMC’s Code of Ethics and continuous improvement.
cross-functional committee responsible for leading
Business Conduct may be made to the FMC Ethics
internal investigations at the company. FMC’s
Response Line, which is available externally at FMC.
Corporate Responsibility Committee consists iv Collective Bargaining
com and on the internal FMC SharePoint®. Where
of executive management and reports to the
permitted by law, reports to the FMC Ethics Response A portion of FMC employees are covered under collective
Audit Committee of the Board of Directors. This
Line may be made anonymously (or reporters may bargaining agreements. For each manufacturing site
Committee assesses the
Keyword: governance
GOVERNANCE
FMC Policies & Statements
This table provides an overview of publicly available documents related to ESG topics at FMC. All documents can be accessed on FMC's sustainability website.
Policies and Statements Description Scope UNGC Alignment
Environment, Health FMC's EHS policy outlines our responsibility to the environment, health and safety (including occupational and process
Company, World 8
and Safety Policy safety) of our employees and global community. It is executed at the highest level of the company.
Company, Supplier
Our Care for the Planet Provides an overview of FMC's position on climate change, water security and biodiversity. 7,8,9
Expectations, World
Outlines FMC's requirements to adhere with regulatory standards for animal te
Keyword: governance
Outlines FMC's strategy to meet the company's net-zero 2035 goal in alignment with SBTi. Includes governance, strategy,
Climate Transition Plan Company, Suppliers 8
risk management, and metrics and targets.
Stakeholder Engagement Summarizes FMC's engagement strategy with key stakeholder groups to discuss important initiatives, issues and trends for FMC. Company, World 1,2,4,6,8DIGITAL ESG APPENDICES 2023 SUSTAINABILITY REPORT 58
GOVERNANCE
United Nations Global Compact
FMC became a signatory to the UN Global Compact (UNGC) in 2015. This is our ninth Communication on Progress indicating our activities and management systems in
support of the UNGC principles. More information on our initiatives to support the UNGC principles can be found below and on FMC.com/sustainability.
Topic Principle Initiatives
• Human Rights in the Supply Chain training
Pri
Keyword: governance
GOVERNANCE
Scope of Assurance
ENGAGEMENT SUMMARY – ASSURED BOUNDARY
Assured Metrics Table
GHG Emissions & Energy: Waste:
Scope 1 GHG Emissions Waste Generated
Scope 2 GHG Emissions (Market based) Hazardous Waste Generated
Scope 2 GHG Emissions (Location based) Non-hazardous Waste Generated
Scope 3 GHG Emissions Waste Disposed
Scope 3 GHG Emissions (SBTi Boundary) Hazardous Waste Disposed
Biogenic Carbon Emissions (Scope 1) Non-hazardous Waste Disposed
Total GHG Emissions - Scopes 1, 2 & 3 (Market based) Waste to Beneficial Reuse
Total GHG Emissions - Scopes 1 & 2 (Market based) Hazardous Waste to Beneficial Reuse
GHG Emissions Intensity (Market based) Non-hazardous Waste to Beneficial Reuse
Energy Use Waste Disposed by Type
Energy Use by Type Hazardo
Keyword: governance
2-9 Governance structure and composition pg. 36
2-10 Nomination and selection of the highest
FMC Proxy pg. 22
governance body
2-11 Chair of the highest governance body FMC Proxy pg. 17
2-12 Role of the highest governance body in overseeing
FMC Proxy pg. 25
the management of impacts
2-13 Delegation of responsibility for managing impacts FMC Proxy pg. 22
2-14 Role of the highest governance body in
FMC Proxy pg. 19
sustainability reporting
FMC Code of Ethics and
2-15 Conflicts of interest
Business ConductDIGITAL ESG APPENDICES 2023 SUSTAINABILITY REPORT 68
Disclosure Location Requirement(s) Omitted Reason Explanation
FMC Code of Ethics and
2-16 Communication of critical concerns
Business Conduct
2-17 Collective knowledge of the highest
FMC Proxy pg. 11
gove
Keyword: governance
governance body
2-19 Remuneration policies FMC Proxy Section VI
2-20 Process to determine remuneration FMC Proxy pg. 31-33
2-21 Annual total compensation ratio FMC Proxy pg. 53
2-22 Statement on sustainable development strategy pg. 06
2-23 Policy commitments pg. 57
2-24 Embedding policy commitments pg. 57, 58
2-25 Processes to remediate negative impacts pg. 53
2-26 Mechanisms for seeking advice and raising
pg. 55
concerns
FMC Code of Ethics and
2-27 Compliance with laws and regulations
Business Conduct
FMC Sustainability
2-28 Membership associations
Website
2-29 Approach to stakeholder engagement pg. 53
2-30 Collective bargaining agreements pg. 55
MATERIAL TOPICS | GRI 3: Material Topics 2021
Disclosure Location Requirement(s) Omitted Reason Explanat
Keyword: governance
207-2 Tax governance, control and risk management
Policy Statement
207-3 Stakeholder engagement and management of FMC Corporate Tax
concerns related to tax Policy Statement
207-4 Country-by-country reporting Confidentiality constraints
GRI 302: Energy 2016
Disclosure Location Requirement(s) Omitted Reason Explanation
302-1 Energy consumption within the organization pg. 41, 43, 65
FMC does not currently track and report
302-2 Energy consumption outside of the organization Information unavailable/incomplete
this information at a global level
302-3 Energy intensity pg. 41, 65DIGITAL ESG APPENDICES 2023 SUSTAINABILITY REPORT 70
Disclosure Location Requirement(s) Omitted Reason Explanation
302-4 Reduction of energy consumption pg. 41
302-5 Reductions in energy requ
Keyword: governance
405-1 Diversity of governance bodies and employees pg. 07, 25-30
405-2 Ratio of basic salary and remuneration of women
Confidentiality constraints
to men
GRI 406: Non-discrimination 2016
Disclosure Location Requirement(s) Omitted Reason Explanation
406-1 Incidents of discrimination and corrective actions
pg. 55
taken
GRI 408: Child Labor 2016
Disclosure Location Requirement(s) Omitted Reason Explanation
408-1 Operations and suppliers at significant risk for
pg. 53, 56, 58
incidents of child labor
GRI 409: Forced or Compulsory Labor 2016
Disclosure Location Requirement(s) Omitted Reason Explanation
409-1 Operations and suppliers at significant risk for
pg. 53, 56, 58
incidents of forced or compulsory laborDIGITAL ESG APPENDICES 2023 SUSTAINABILITY REPORT 74
GRI 413: Loc
Keyword: bribe
incidents of corruption, bribery and/or illicit (2) We do not have direct defense business
international trade with any of these countries outside of
(2) Revenue from countries ranked in the “E” that overseen by the U.S. government’s
or “F” Band of Transparency International’s Foreign Military Sales or Direct Commercial
Government Defence Anti-Corruption Index Sales process, or equivalent allied country
processes.
(3) Discussion of processes to manage
business ethics risks throughout the
value chain (3) Ethics, Global Supply Chain, Due Diligence
Activity Metrics
RT-AE-000.A Production by reportable segment Aircraft deliveries in units are reported in our
10-K. Deliveries of ships, combat vehicles and
other systems are reported as applicable by our
government customers.
RT
Keyword: corruption
communication strategies. These senior EOs Our robust anti-corruption compliance
also meet regularly as a group to discuss program is rooted in our Ethos and tailored
best practices that can be shared across to potential risks faced in our business.
our portfolio. In addition, they work with Designated anti-corruption officers and
other EOs in the defense industry through other compliance professionals at each BU
the Defense Industry Initiative to share help carry out the program and serve as a
best practices, which helps us continuously resource. Elements of the program include
improve our programs. written policies and procedures, training,
risk-based management and third-party due
In support of the EOs, we have nearly 100
diligence, multiple reporting systems, and
part-time local ethics officers (LEOs). O
Keyword: corruption
Our robust anti-corruption
LEOs are accessible resources who answer
compliance program is
questions, provide communications and
rooted in our Ethos.
training, conduct investigations, and further
ingrain ethics into the everyday activities
within our work environment.
Ethical Business Around the World
We provide services and products to
governments around the world. The laws and
regulations relating to doing business with HOOK3 Combat Survival
Radio made by
government customers and public officials
Mission Systems
are complex. As such, we provide our
employees with the appropriate resources to
comply with applicable laws and regulations.
We also abide by the laws and regulations
regarding the import and export of our
products, information and technical data,
includin
Keyword: corruption
sanctions and anti-corruption compliance.
with our robust risk management framework
as needed.
International sales are subject to risk-based
due diligence and include:
• Screening of all parties involved
in the transaction
• Assessment of potential for diversion
• Verification of legitimacy of
al
the end user oci
S
• Obtaining certification of end use
49• Assessment of anti-corruption Communities
or conflict of interest
• Obtaining written, prior approval
Although our company spans continents, we
from the U.S. government
never lose sight of the communities where
when appropriate
we live and work. Our businesses invest in
In addition to our due diligence, sales of U.S.
and promote involvement at the local level
defense articles to non-U.S. governments are
to make our co
Keyword: corruption
incidents of corruption, bribery and/or illicit (2) We do not have direct defense business
international trade with any of these countries outside of
(2) Revenue from countries ranked in the “E” that overseen by the U.S. government’s
or “F” Band of Transparency International’s Foreign Military Sales or Direct Commercial
Government Defence Anti-Corruption Index Sales process, or equivalent allied country
processes.
(3) Discussion of processes to manage
business ethics risks throughout the
value chain (3) Ethics, Global Supply Chain, Due Diligence
Activity Metrics
RT-AE-000.A Production by reportable segment Aircraft deliveries in units are reported in our
10-K. Deliveries of ships, combat vehicles and
other systems are reported as applicable by our
government cust
Keyword: tax
– Net Income Tax Paid:
Non-U.S. Commercial
We take seriously our responsibility to return value to our shareholders while at the same time investing
$2.6
for the future. In 2022, we returned billion to our investors through dividends and share repurchases,
while investing $1.6 billion in capital expenditures and company-sponsored research and development.
OUR WORKFORCE
5,000+ 1,000+
CANADA UK 1,000+
GERMANY
700+ 1,000+
89,000+ SPAIN SWITZERLAND
UNITED STATES
3,000+
MEXICO
106,500
500+
AUSTRALIA
employees in more
than 65 countries and
all 50 U.S. states
*All data are for the year ended 12/31/22.
Please refer to General Dynamics’ Annual Report on Form 10-K for additional information.
8Electric Boat employees
Our Ethos at Work
TRANSPARENCY, TRUST, ALIGNMENT,
Keyword: tax
National Defense Industrial Association, addition, we offer members access to tax-
Women in Defense, the National Veteran free flexible spending accounts and health
Small Business Coalition and the Small savings accounts.
Business Administration (SBA).
Our Employee Assistance Program (EAP)
We provide guidance and support to the helps employees access childcare and
thousands of small businesses that work with free counseling. Other programs vary by
us. We mentor these businesses through business and location, reflecting the distinct
their contract involvement, as well as through and diverse needs of our employees, and
our small business and supplier diversity include everything from biometric screenings,
al
offices. We also sponsor and host events that mental wellness and fitness programs to oci
S
43in-person health coac
Keyword: tax
of public record and are available for review costs and expenses as nondeductible for tax
online. PAC contributions are subject to a purposes and unallowable for purposes of
robust internal review process to ensure U.S. government contracts.
they represent the best interests of General
Dynamics employees. In addition, internal
In 2022, we successfully engaged with
financial controls exist to ensure compliance
Members of Congress in support of both the
with federally mandated contribution limits.
blenders tax credit for Sustainable Aviation
Our employee PAC invests contributions in
Fuel and a DOT grant program aimed at
candidates based on:
standing up additional SAF production facilities
• Support for national security and investing in other innovative technologies
and aerospace
to reduce GHG emissions. Both were included
• Repr
Keyword: governance
GOVERNANCE 10
Board of Directors 11
Management 14
Ethics 16
ENVIRONMENTAL 20
Reducing Greenhouse Gas Emissions 22
Energy Management 29
Water and Wastewater Management 30
Solid Waste Management 31
Sustainability Products and Services 32
SOCIAL 36
Human Capital 37
Diversity, Equity and Inclusion 40
Health, Wellness and Safety 43
Human Rights 46
Global Supply Chain 48
Communities 50
Political Engagement 53
Cybersecurity and Data Privacy 54
HONORS AND AWARDS 55
INDEX 56
3From Our CEO
Our company is committed to the principles of trust, transparency, honesty and
alignment that are foundational to our Ethos. This Ethos drives our decisions and is
the standard to which we hold ourselves. It is also the basis for the decisions and
programs discussed in this
Keyword: governance
our workforce and adopting best practices for corporate governance. We will continue
to act on our commitments to our shareholders, customers, employees, communities
and environment.
Sincerely,
Phebe N. Novakovic
Chairman and Chief Executive Officer
4H I G H L I G H T S
GOVERNANCE
– We have a Sustainability
Committee on our board of directors
to oversee sustainability efforts
across the company.
– We have a lead director to
provide independent oversight
of the company.
– We have a comprehensive ethics
SOCIAL
program to align business
practices across the company
– We continue to expand the diversity
with our Ethos. of our workforce, growing the
percentage of people of color
in both our total workforce and
ENVIRONMENTAL management positions.
– We have reduced Scope 1 – We employ veterans at a rate
and 2 em
Keyword: governance
principle that good corporate governance election of directors, coupled with
a director resignation policy
enhances shareholder value. Through strong
market-leading corporate governance • Shareholders’ right to call a
practices, we promote a culture of ethics and special meeting
integrity, empowering leaders at all levels to • Shareholders’ right to act by
do what is right for our customers, suppliers, written consent
employees and communities.
• Shareholders’ ability to nominate
director candidates and have those
Our deeply engaged and experienced
nominees included in the company’s
board is central to our company’s culture of proxy statement, a process known
accountability and continuous improvement. as “proxy access”
It reflects a diverse and well-qualified group
• Annual board
Keyword: governance
The General Dynamics corporate governance
guidelines provide a framework for effective
governance of the board and the company.
The board’s commitment is demonstrated
by key corporate governance
practices, including:
• Strong board independence
NASSCO shipyard
• An independent lead director in San Diego
BALANCED BOARD WITH UNIQUE PERSPECTIVES
Our board includes directors who are or have:
a Significant financial backgrounds or expertise
a Experience in leading complex operating and manufacturing organizations
a Prior top leadership posts in the military or U.S. Department of Defense
a Women or other underrepresented groups
a Current or former public company directors
e
c
n
a Current or past CEOs of complex, global and/or public companies na
er
a Experience in corporate sustainabili
Keyword: governance
social and governance (ESG) field.
The board maintains oversight of risks and
Currently, the committee is chaired by
opportunities, including those related to
a former board co-chair of the Value
sustainability matters. It takes these risks
Reporting Foundation, now part of
and opportunities into account the International Financial Reporting
as it exercises its duties.
Standards (IFRS) Foundation.
The fully independent Sustainability
Climate-related related risks and
Committee is responsible for assisting the
opportunities are addressed at the board
board in fulfilling its oversight duties. The
and committee levels. The Sustainability
Sustainability Committee provides oversight
Committee receives briefings on the
of corporate sustainability management
company’s
Keyword: governance
Sustainability Governance
Companywide
Councils
- Manufacturing
- Supply Chain
- Cyber
- E ngineering
& Technology
- ContractsManagement
Accountable to the board, our management executives from our BUs. Many are
ensures the company’s business decisions considered experts in their fields and, within
recognize the economic, environmental their council duties, help address issues of
and social considerations in our shared importance, including those relating
operational strategy. to climate. The chair of each council reports
directly to the CEO on council matters, with
Our corporate headquarters is responsible
mentorship from an assigned executive
for setting the overall strategic direction and
vice president.
governance of the company; allocating and
deploying capital
Keyword: governance
programs to ensure our facilities operate performance, governance, and management
safely and comply with company programs of climate risks and opportunities.
and practices to minimize environmental
Governance. Our board focuses its oversight
impacts. Each business identifies risks and
on material risks and opportunities, including
opportunities and develops annual objectives
those related to sustainability matters as
to drive continuous improvement in
described in the Governance section of
EHS performance.
this report. The Sustainability Committee
We have an active EHS committee that provides oversight of corporate sustainability
includes experts from each business unit management and practices, including those
to promote best practices and develop related to environmental impact and climate
shared strat
Keyword: governance
Sustainability Accounting Standards Board (SASB) framework. As described in the Governance
transparent and
section of this report, our board, directly and through its Sustainability Committee, maintains
accountable about
direct oversight over sustainability risks and opportunities, including those related to human
our human rights
rights. Management maintains day-to-day responsibility for these areas through internal
commitments.
management procedures and internal controls.
We acknowledge the special responsibility elected U.S. government. Given our role
associated with being a defense contractor. as a core supplier to the United States
Some of our products and services include, government and military, we are legally,
or otherwise support, lethal capabilities. ethically and morally bound to support
This imposes a terrific respo
Keyword: governance
Commission. The PAC’s political contributions corporate governance, we follow a strict
are reported to the Federal Election policy governing lobbying practices. This
Commission, where they become a matter includes tracking and reporting lobbying
of public record and are available for review costs and expenses as nondeductible for tax
online. PAC contributions are subject to a purposes and unallowable for purposes of
robust internal review process to ensure U.S. government contracts.
they represent the best interests of General
Dynamics employees. In addition, internal
In 2022, we successfully engaged with
financial controls exist to ensure compliance
Members of Congress in support of both the
with federally mandated contribution limits.
blenders tax credit for Sustainable Aviation
Our employee PAC invests
Keyword: bribe
with incidents of corruption, bribery, and/
(2) We do not have direct defense business
or illicit international trade
with any of these countries outside of
(2) Revenue from countries ranked in
that overseen by the U.S. government’s
the “E” or “F” Band of Transparency
Foreign Military Sales or Direct Commercial
International’s Government Defence Anti-
Sales process, or equivalent allied country
Corruption Index
processes.
(3) Discussion of processes to manage
business ethics risks throughout the
(3) Global Supply Chain
value chain
Activity Metrics
RT-AE-000.A Production by reportable segment Aircraft deliveries in units are reported in our
10-K. Deliveries of ships, combat vehicles and
other systems are reported as applicable by our
government customers.
Review of Operating Se
Keyword: corruption
Ethical Business Around the World applicable anti-corruption laws around the globe.
As a leader in the aerospace and defense industry, We have a robust anti-corruption compliance
we provide services and products to governments program rooted in our Ethos and tailored to
around the world. The laws and regulations relating potential risks faced in our business. Designated
to doing business with government customers and anti-corruption officers and other compliance
public officials are complex. As such, professionals at each business unit help carry out
the program and serve as a resource. Elements of
y We provide our employees with the appropriate
the program include written policies and procedures,
resources to comply with applicable laws
training, risk-based management and third-party due
and regula
Keyword: corruption
with incidents of corruption, bribery, and/
(2) We do not have direct defense business
or illicit international trade
with any of these countries outside of
(2) Revenue from countries ranked in
that overseen by the U.S. government’s
the “E” or “F” Band of Transparency
Foreign Military Sales or Direct Commercial
International’s Government Defence Anti-
Sales process, or equivalent allied country
Corruption Index
processes.
(3) Discussion of processes to manage
business ethics risks throughout the
(3) Global Supply Chain
value chain
Activity Metrics
RT-AE-000.A Production by reportable segment Aircraft deliveries in units are reported in our
10-K. Deliveries of ships, combat vehicles and
other systems are reported as applicable by our
government customers.
Review of Ope
Keyword: tax
nondeductible for tax purposes and unallowable
for purposes of U.S. government contracts.
Our employee PAC invests contributions
in candidates based on:
• Support for national security
and aerospace
• Representation in districts/states where
General Dynamics facilities, suppliers or
employees are located
• Membership on key committees legislating
issues important to General Dynamics
• Leadership positions
• Prior military or aerospace
industry experience
Governance 16Compensation
We deliver fair market-based compensation. Our defined metrics also include a stakeholder-centric
businesses evaluate all job categories and levels, strategic and operational component, which
comparing compensation for similar positions incorporates environmental, human and social
to e
Keyword: tax
members the ability to save money on a tax-
advantaged basis through flexible spending
accounts and health savings accounts.
Our Employee Assistance Program (EAP) helps
employees by offering services such as retirement
planning, finding childcare and free counseling.
Other programs vary by business and location,
reflecting the distinct and diverse needs of our
employees and include everything from biometric
screenings, mental wellness and fitness programs
to in-person health coaches and a wide variety of
apps that can help employees navigate difficult
health care decisions and life changes.
Employee and Community Well-Being 40GDIT employees in Tampa, Florida, volunteer to paint homes of low-income elderly residents.
Family Support
We take the whole-person approach when it comes
to
Keyword: governance
GOVERNANCE 13
Board of Directors 14
Board Oversight of Risk 15
Political Engagement 16
Compensation 17
Information Security 18
OUR CULTURE 21
Ethics 22
Safety 25
Diversity, Equity and Inclusion 26
Developing an Inclusive Mindset 29
Performance and Recognition 30
Labor Relations 31
Continuous Improvement 31
ENGAGEMENT AND DEVELOPMENT 32
Engaging and Developing Talent 33
Pipeline Programs and Recruiting 34
Onboarding and Mentoring 36
Supporting Employees 38
EMPLOYEE AND COMMUNITY WELL-BEING 39
Health and Wellness 40
Family Support 41
Investing in Our Communities 42
COVID-19 44
Honors and Awards 46
ENVIRONMENT 47
Environmental Responsibility 48
Greenhouse Gas Emissions 50
Reducing Scope 3 Emissions 52
Business Lines Supporting Environmental Initiatives
Keyword: governance
direction and governance of the company, allocating
y Total Revenue: $37.9 billion capital, and ensuring a culture of ethics and integrity
y Headquarters: Reston, Virginia that promotes our Ethos and defines how we
engage our employees, communities, customers
y Employees: 101,000 in all 50
and suppliers. Our operating processes and activities
U.S. states and 71 countries
incorporate initiatives to improve diversity, promote
inclusion, reduce emissions and waste, and adhere
to standards that lower risk and drive a healthier
and safer workforce and community.
*All data are for the year ended December 31, 2020. Each of our 10 business units follows our corporate
vision while maintaining individual responsibility for
Customers executing operations. This model empowers
Keyword: governance
with a fair return. Our governance processes and we strive to comply rigorously with applicable
ensure that our decisions recognize the economic, laws and requirements regarding product safety
environmental and social considerations in and end use.
our operational strategy.
In our complex and international business, some
circumstances may be subject to potentially
Product Safety competing imperatives. In carrying out our core
commitment to human rights, our North Star is U.S.
Our customers use our products to perform no-fail
law and policy. Given our role as a core supplier to
missions, and we never compromise on safety.
the U.S. government and military, we are legally,
True to our Ethos, we commit to providing our
ethically and morally bound to support its foreign
customer
Keyword: governance
good corporate governance enhances shareholder value. Through strong corporate
governance practices, we promote a culture of ethics and integrity and empower
leaders at all levels to do what is right for our customers, suppliers, employees
and communities.
Our deeply engaged and experienced board is central to our company’s culture of accountability and
continuous improvement. Our board reflects a diverse and well-qualified group of business leaders and
aerospace and defense industry experts, as well as financial and strategic advisers.
Other than our CEO, all of our directors are independent. Each of our board committees is chaired by an
independent director. Our board includes directors who are or have:
Significant financial backgrounds or expertise
Current or fo