exo-is/governance-reporting-on-listed-companies huggingface dataset:
Keyword: governance
Learn more about our governance, strategy, risk management,
242 metric tons
metrics, and targets related to climate change: 9 metric tons
CO e
2023 CDP
2
TCFD
Climate change transition plan
Environment | Energy and emissions 30Needs attention On track Achieved
Water management
Goal 2023 Actions
By the end of 2023, assess • Used the WRI’s Aqueduct Water Risk Atlas tool to assess water
Corning’s exposure to water stress across all manufacturing locations, considering both
We are working to conserve water stress current and future water stress forecasts
• For sites in high- or extremely high-water-stress basins under
where it is needed most. WRI’s business-as-usual scenario, assessed basin/geographical,
operational, and business continuity water risks. We also
assessed wate
Keyword: governance
will outlast us all. Our well-laid governance plan helps to ensure the sustainability
06
of our commitments and helps maintain the trust of our stakeholders.
• Ethical business practices and compliance
• Sustainable supply chain
• Product quality and safety
• Data security and data privacy
A Corning technician loads an experimental kiln in a ceramics lab at Sullivan Park.Certified
70%
Governance
2023 highlights
of our high-risk suppliers as socially responsible Updated our
mandatory Code of
Conduct and
97%
compliance training
with new interactive
of employees understand the
courses and key
Corning Code of Conduct
compliance topics,
up one percentage point from 2022
Introduced a
including insider
new global
trading, antitrust,
90%
anti-corruption
anti-corruption, and
policy
data privac
Keyword: governance
Governance | 2023 highlights 52Ethical business practices Public policy advocacy
and lobbying
and compliance
Corning is committed to ensuring our public policy
engagement meets high ethical standards, is aligned with
our corporate interests and Values, and is conducted in full
Ethical- and compliance-minded business practices compliance with applicable laws and corporate policies.
Corning’s Government Affairs team supports, for example:
aligned with our Values underpin all we do.
Environmental regulations that promote a
comprehensive approach to cleaning the air
and protecting the health of our communities.
Approach
Expansion of affordable, high-speed broadband
Acting ethically and with integrity are essential elements in how our • Additional specifi
Keyword: governance
Governance | Ethical business practices and compliance 532023 Actions and Results
• Updated our Code of Conduct and compliance training with new interactive courses and mandatory
training on key compliance topics, including insider trading, antitrust, anti-corruption, and data privacy
• Introduced a revised and broadened compliance certification for management employees, covering a
range of possible conflicts of interest
• Implemented new global policies related to conflicts of interest, anti-bribery, and speaking up
2021 2022 2023 Goal
Employees who have responded to our Voice to Action survey 95% 96% 97% 100%
indicating that they understand our Code of Conduct
Employees who have responded to our Voice to Action survey 82% 85% 90% 100%
indicating th
Keyword: governance
Governance | Ethical business practices and compliance 54Sustainable supply chain
We’re committed to a global supply chain that
reflects our Values and our commitment to positive
social, environmental, and economic impact.
We seek to mitigate risks and strengthen sustainability in
our global supply chain in three areas:
Environment: We strive to use sustainable procurement, eco-friendly
products, and suppliers that work to minimize their carbon footprints and
other environmental impacts.
Social: We are committed to respecting human rights; to responsible
sourcing of materials, including from diverse, small, and local suppliers;
and to supporting worker health and safety.
Ethical and compliant: We expect our suppliers to conduct business
ethically and
Keyword: governance
Governance | Sustainable supply chain 55Approach Mitigating supply chain risk
We rely on 18,000 suppliers across 72 countries. We also expect our suppliers and, in turn, their suppliers
From the sourcing of raw minerals to suppliers’ to comply with our Responsible Minerals Policy, which Corning takes steps to evaluate, assess, and verify potential risks in our supply chain
treatment of their employees and efforts to reduce strictly prohibits any connection between the materials through our supplier selection, onboarding, and ongoing management processes.
their environmental footprint, the scope of our global used in Corning products and armed violence or human
supply chain presents an opportunity to drive significant rights abuse.
positive change, bu
Keyword: governance
Governance | Sustainable supply chain 562023 Actions and Results
2023 Results
• Became a member of the Responsible Business Alliance
Supplier assessments and audits 2021 2022 2023
• Began the process to harmonize our approach to assessing supplier risks with the RBA process
Supplier performance assessments 610 644 556
• Enhanced our third-party due diligence practices based on results of our 2022 third-party
risk assessment
Suppliers screened using external tool riskmethods 9,297 10,799 11,529
• Launched our Scope 3 supplier operations decarbonization program with suppliers. Learn more here
(Scope 3 section) New suppliers screened using external tool riskmethods 1,469 1,502 737
Tier 2 suppliers screened using external tool riskmethods 290 259 372
Goa
Keyword: governance
Governance | Sustainable supply chain 57Product quality
and safety
Corning’s approach to product
quality and safety is deeply
integrated into our business
practices and culture.
While our business units have their own unique approaches to product development, all our
products are designed with safety and quality as primary considerations, helping to ensure continual
improvement in our processes and products.
Product quality is managed by the Corning Quality Council, which serves to advance quality as a
Corporate Value, a technical competency, and a competitive advantage. The council is led by the
director of global operations and quality and includes division quality managers, functional quality
leads, and members of the Global Manufacturing and Qual
Keyword: governance
Governance | Product quality and safety 58Data security
and data privacy
We are vigilant in protecting
Approach
The Information Technology Committee of our Board of Directors oversees the company’s cybersecurity and data protection
the integrity of our internal strategy as well as disaster recovery capabilities and business continuity plans in the event of a cyber-related disruption.
Our chief digital and information officer and chief information security officer oversee cybersecurity at Corning. Our
cybersecurity risk management program is integrated into our enterprise risk management program, and they share common
systems, products, services,
methodologies, incident reporting channels, and governance processes. Our information security program is
Keyword: governance
Governance | Data security and data privacy 59Appendix
• Hemlock Semiconductor
• Stakeholder engagement
• Data tables
Photo
• TCFD disclosure
07
• Climate transition plan
• GRI index
• SASB index
• Forward-looking statement
Employee monitoring powerhouse assets on a rooftop in Corning, New York.Hemlock Semiconductor
In 2020, Corning Incorporated’s stake in Hemlock Semiconductor doubled HSC is committed to doing good for the local Michigan and global
to 80.5%. Although Hemlock’s governance is independent of Corning, its communities, relentlessly improving its operations and continually working
product set is an important part of our overall portfolio and its energy needs with suppliers and customers to remove supply chain carbon emissions.
are a signi
Keyword: governance
• Proactive shareholder outreach • Corporate governance, sustainability, and risk oversight
• Annual reports and other company filings with the U.S. Securities and Exchange Commission
• Annual shareholder meetings
• Investor and analyst days
• Industry and investor conferences
• Corning.com
Our communities • Activities, giving, and other support (e.g., business plans and strategy) by the Corning • Health and human services
Incorporated Foundation and Corning Enterprises • STEM education and cultural awareness
• Office of Racial Equality and Social Unity (ORESU) • Child care, housing, and economic development
• Local operations • Social value creation through volunteerism and grants
• Workforce development
• Diversity, equity, and inclusion
• Engagement of Employee Resource Groups
Society • Our
Keyword: governance
Governance
Supplier assessments
Supplier assessment
2021 2022 2023
and audits
Supplier performance 610 644 556
assessments
New suppliers screened using 1,469 1,502 n/a*
external tool riskmethods
Tier 2 supplier screened using 290 259 372
external tool riskmethods
*In 2023, we began the process of harmonizing our approach to assessing supplier risks with the RBA process.
Source: SASB TC-HW-430a.1 These data are presented in line with our definitions, which may differ slightly
from SASB definitions. Data from our subsidiary HSC are not included.
2021 2021 2022 2022 2023 2023
Audit results and correct action
total rate total rate total rate
Priority non-conformances identified 33 1.1 30 .77 8 .05
Other non-conformances identified 262 8.7 356 9.1 134 8.7
Keyword: governance
Governance
Disclose the organization’s governance around climate-related risk and opportunities.
G1 Describe the Corning Board of Directors, oversight of climate-related risks and opportunities. More Information
During 2023, the Board continued its focus on climate-related topics. 2023 CDP response, 1.1
Corning’s Board of Directors includes a Corporate Responsibility and Sustainability Committee (CRASC), whose responsibilities include assisting the Board in reviewing the company’s management strategies, plans, policies, and Corporate
actions related to our sustainability program, environmental responsibilities, and climate action. This review includes sustainability goals, environmental and social policies and practices, energy, waste, and water mana
Keyword: governance
• Corning’s vice president, sustainability and climate initiatives, presented updates on sustainability at each CRASC meeting. These updates included information on Corning’s governance structure for sustainability, decarbonization
initiatives, and existing and emerging regulatory reporting requirements related to sustainability.
• Corning’s director of global environment and sustainability, who has the responsibility to track and report on greenhouse gas emissions (GHG), energy, water, and waste, presented an overview of strategies and actions to reduce
GHG emissions and enhance Corning’s sustainable impact. In 2023, the director of global environment and sustainability reported to Corning’s senior vice president and chief engineer and was also coordinator for the Operations
Environmental Impact advice & consent committee described below in answer G2. In 2024, most of these responsibilities will transition to the organiz
Keyword: governance
Following its adoption in December 2022, Corning implemented a new sustainability governance structure in 2023. The goals of the new sustainability governance structure are to increase the impact of Corning’s sustainability work 2023 CDP response, 1.2
and, secondarily, optimize Corning’s readiness to adapt to evolving sustainability regulation through improved coordination, as well as explicit ownership and goals.
Summarized graphically in Figure 1, the new sustainability governance structure facilitates information collection, goal setting, and increased impact of Corning’s sustainability-related efforts. Sustainability topics are divided into five
categories to enhance oversight focus:
• Governance/Corporate Sustainability
• Operations Environmental Impact
• People Sustainability
• Product Sustainability
• Sustainable Supply Chain
Appendix | TCFD disclosure 69TCFD disclosure continued
G2 Descr
Keyword: governance
and climate initiatives, reporting to our executive vice president and chief strategy officer, updates the OCEO on sustainability topics on a roughly quarterly basis. To better focus sustainability governance below the OCEO level, we
have organized our prioritized sustainability topics into five categories and created Advice & Consent Committees (ACCs) to oversee each category. The ACCs are composed of senior leaders with relevant operational responsibilities,
as well as our vice president of sustainability and climate initiatives. The ACCs meet regularly, although the Product Sustainability ACC was still being formed at the end of 2023.
Corporate Responsibility & Compensation & Nomination &
Board oversight Audit Information Technology Finance
Sustainability Talent Management Corporate Governance
Cross-category
Office of the CEO
coordination
Advice & consent
Governance/corporate sustainability Operations environmental impact People sustainabili
Keyword: governance
• Corporate governance • Hazardous substance management • Product safety • Water management
• Transparency & reporting • Biodiversity • Human rights, working conditions & fair
• Community involvement & • Efficient use of raw materials labor
corporate citizenship • Diversity, discrimination & harassment
• Social advocacy • Health & safety
• Environmental advocacy • Product stewardship & life cycle
• Climate resilience
Division Market-access platforms (MAPs)
implementation
In particular, the middle layers of the new structure have the following roles/responsibilities:
Cross-Category Coordination layer – OCEO
The OCEO will regularly be updated on and address sustainability topics, in order to:
• Ensure that, taken together, the activities of the five categories mee
Keyword: governance
sustainability governance structure implemented a sustainability topic identification and prioritization process in 2020 that was refreshed in 2022, during which carbon emissions and water conservation were identified as important
sustainability issues. The resulting identification and prioritization process serves as a basis for the mentioned risk evaluation.
More specifically, in 2020, Corning conducted an initial assessment of climate-related risks associated with acute and chronic physical risks, as well as the four transition risks recommended by TCFD. In 2021 and 2022, we completed
management -level surveys across our five MAPs, our supply chain management, and Science and Technology to understand which climate-related risks are most relevant to their areas o
Keyword: governance
financial, operational, business, reputational, governance, and managerial risks, including those that may arise due to climate change, 2) an internal audit department, and 3) a Compliance Council, which reports directly to the Audit
Committee and CRASC and reviews the company’s compliance with laws and regulations of the countries in which we conduct business. The Audit Committee is responsible for reviewing the company’s ERM program Committee Charter
and business continuity risk procedures, as well as disclosures about relevant risks made in our financial reports and filings.
Each risk owner reports to management on their specific risk to Corning’s ERM stakeholders, starting with the directors of ERM, ERM management, and ultimately to the Board. This reporting process, overseen and channeled
by
Keyword: governance
2-9 Governance structure and composition Sustainability governance, p.14. Please refer to our website.
2-10 Nomination and selection of the highest governance body Sustainability governance, p.14. Please refer to our website.
2-11 Chair of the highest governance body Sustainability governance, p.14. Please refer to our website.
2-12 Role of the highest governance body in overseeing the Sustainability governance, p.14. Please refer to our website.
management of impacts
2-13 Delegation of responsibility for managing impacts Sustainability governance, p.14. Please refer to our website.
2-14 Role of the highest governance body in sustainability reporting Sustainability governance, p.14. Please refer to our website.
2-15 Conflicts of interest Governance: Ethical business practices and compliance, p.53. Please
Keyword: governance
2-16 Communication of critical concerns Governance: Ethical business practices and compliance, p.53. Please refer to our Code of Conduct
2-17 Collective knowledge of the highest governance body Sustainability governance, p.14. Please refer to our website.
Appendix | GRI index 76Disclosure References, comments in italics
2: General disclosures (continued)
2-18 Evaluation of the performance of the highest governance body Sustainability governance, p.14. Please refer to our website.
2-19 Remuneration policies Please refer to our website.
2-20 Process to determine remuneration Please refer to our website.
2-21 Annual total compensation ratio Please refer to our 2023 Annual Report on Form 10-K
2-22 Statement on sustainable development strategy Interview with our vice president of sustainability
Keyword: governance
2-23 Policy commitments Our approach to sustainability, p.12; Governance: Ethical business practices and compliance, p.53. Please refer to our Code of Conduct and Whistleblower Policy
2-24 Embedding policy commitments Our approach to sustainability, p.12;Governance: Ethical business practices and compliance, p.53. Please refer to our Code of Conduct and Whistleblower Policy
2-25 Processes to remediate negative impacts Governance: Ethical business practices and compliance, p.53; Sustainable supply chain, p.55. Please refer to our Code of Conduct and Whistleblower Policy
2-26 Mechanisms for seeking advice and raising concerns Governance: Ethical business practices and compliance, p.53; Sustainable supply chain, p.55. Please refer to our Code of Conduct and Whistleblower Policy
2-27 Compliance with laws and regula
Keyword: governance
Governance, Ethical business practices and compliance, p.53; Sustainable supply chain, p.55. Please refer to our Code of Conduct and Whistleblower Policy
2-28 Membership associations Governance: Ethical business practices and compliance, p.53; Sustainable supply chain, p.55. Please refer to our website.
2-29 Approach to stakeholder engagement Our approach to sustainability, p.12; Appendix: Stakeholder engagement, p.62
2-30 Collective bargaining agreements People & communities: Respecting and protecting human rights and labor standards, p.41
3: Material Topics
3-1 Process to determine material topics Our approach to sustainability, p.12
3-2 List of material topics Our approach to sustainability, p.12
201: Economic performance
3-3 Management of materia
Keyword: governance
3-3 Management of material topics Governance: Ethical business practices and compliance, p.53
205-1 Operations assessed for risks related to corruption Governance: Ethical business practices and compliance, p.53
205-2 Communication and training about anti-corruption policies and Governance: Ethical business practices and compliance, p.53
procedures
205-3 Confirmed incidents of corruption and actions taken Governance: Ethical business practices and compliance, p.53
206: Anti-competitive behavior
3-3 Management of material topics Governance: Ethical business practices and compliance, p.53
206-1 Legal actions for anti-competitive behavior, antitrust, and Governance: Ethical business practices and compliance, p.53
monopoly practices
301: Materials
3-3 Management of material topics Our en
Keyword: governance
405-1 Diversity of governance bodies and employees Our approach to sustainability, p.12. Please see our 2023 Annual Report on Form 10-K
405-2 Ratio of basic salary and remuneration of women to men People and communities, pp.37-39
Appendix | GRI index 81Disclosure References, comments in italics
406: Non-discrimination
3-3 Management of material topics Ethical business practices and compliance, p.53; Respecting and protecting human rights and labor standards, p.41. Please see our Code of Conduct
406-1 Incidents of discrimination and corrective actions taken Data tables, p.68. Please see our Code of Conduct
407: Freedom of association and collective bargaining
3-3 Management of material topics Ethical business practices and compliance, p.53; Respecting and protecting hum
Keyword: bribe
2022 Corning Sustainability Report 73Anti-bribery, anti-corruption, and anti-competitive behavior
As outlined in our Code of Conduct, we are committed to Environmental compliance
doing business the right way, and we do not tolerate any
Through compliance programs, Corning ensures
form of bribery, corruption, or anti-competitive behavior.
we comply with local, state, national, and federal
Our policies mandate strict compliance among our
environmental regulations. Specific functional areas, such
employees and suppliers with all applicable anti-corruption
as Global Environment and Sustainability, as well as trained
laws, even if that conflicts with local customs or practices.
environmental professionals at the corporate, division, and
To ensure compliance with anti-corruption laws, such faci
Keyword: bribe
Bribery Act of 2010, we have developed an anti-corruption
or non-monetary sanctions for noncompliance with
compliance program, including policies, due diligence for
environmental laws and/or regulations.
third parties, and training. This training is required to be
completed by all salaried employees and refreshed on a
periodic basis. In 2022, we conducted a comprehensive
risk assessment that included an evaluation of corruption-
related risks. We are using this data to focus and direct our
compliance mitigation efforts.
In 2022:
3,940 Corning employees completed online anti-bribery training
9,514 of 20,800 salaried employees (at year end) certified their
compliance with anti-corruption and antitrust policies, laws, and
regulations
3,883 Corning em
Keyword: bribe
3-3 Management of material topics Anti-Bribery, Anti-Corruption, and Anti-Competitive Behavior, p. 74
205-1 Operations assessed for risks related to Anti-Bribery, Anti-Corruption, and Anti-Competitive Behavior, p. 74
corruption
205-2 Communication and training about Anti-Bribery, Anti-Corruption, and Anti-Competitive Behavior, p. 74
anti-corruption policies and procedures
205-3 Confirmed incidents of corruption and Anti-Bribery, Anti-Corruption, and Anti-Competitive Behavior, p. 74
actions taken
206: Anti-competitive behavior
3-3 Management of material topics Anti-Bribery, Anti-Corruption, and Anti-Competitive Behavior, p. 74
206-1 Legal actions for anti-competitive Anti-Bribery, Anti-Corruption, and Anti-Competitive Behavior, p. 74
behavior, anti-trust, and monopoly practices
301: Mat
Keyword: corruption
2022 Corning Sustainability Report 73Anti-bribery, anti-corruption, and anti-competitive behavior
As outlined in our Code of Conduct, we are committed to Environmental compliance
doing business the right way, and we do not tolerate any
Through compliance programs, Corning ensures
form of bribery, corruption, or anti-competitive behavior.
we comply with local, state, national, and federal
Our policies mandate strict compliance among our
environmental regulations. Specific functional areas, such
employees and suppliers with all applicable anti-corruption
as Global Environment and Sustainability, as well as trained
laws, even if that conflicts with local customs or practices.
environmental professionals at the corporate, division, and
To ensure compliance with anti-corruption laws, such facility levels, are
Keyword: corruption
Bribery Act of 2010, we have developed an anti-corruption
or non-monetary sanctions for noncompliance with
compliance program, including policies, due diligence for
environmental laws and/or regulations.
third parties, and training. This training is required to be
completed by all salaried employees and refreshed on a
periodic basis. In 2022, we conducted a comprehensive
risk assessment that included an evaluation of corruption-
related risks. We are using this data to focus and direct our
compliance mitigation efforts.
In 2022:
3,940 Corning employees completed online anti-bribery training
9,514 of 20,800 salaried employees (at year end) certified their
compliance with anti-corruption and antitrust policies, laws, and
regulations
3,883 Corning employees completed online antitrust training
Cornin
Keyword: corruption
g had no confirmed incidents of corruption, antitrust
or anti-competitive behavior, or monopoly practices in 2022.
Enterprise risk management
While the chief executive officer and other members of our Financial Disclosures (TCFD) to assess and report on
senior leadership team are responsible for the day-to-day climate risks and opportunities for Corning. In 2022, we
management of risk, our Board is responsible for oversight conducted an in-depth scenario analysis to assess the
of the company’s risk management program. The Board potential impact on our business of climate-related risks
exercises this oversight responsibility directly and through and opportunities. (See page 92).
its committees.
We also identify and prioritize salient human rights
Integrating sustainability-related r
Keyword: corruption
205: Anti-corruption
3-3 Management of material topics Anti-Bribery, Anti-Corruption, and Anti-Competitive Behavior, p. 74
205-1 Operations assessed for risks related to Anti-Bribery, Anti-Corruption, and Anti-Competitive Behavior, p. 74
corruption
205-2 Communication and training about Anti-Bribery, Anti-Corruption, and Anti-Competitive Behavior, p. 74
anti-corruption policies and procedures
205-3 Confirmed incidents of corruption and Anti-Bribery, Anti-Corruption, and Anti-Competitive Behavior, p. 74
actions taken
206: Anti-competitive behavior
3-3 Management of material topics Anti-Bribery, Anti-Corruption, and Anti-Competitive Behavior, p. 74
206-1 Legal actions for anti-competitive Anti-Bribery, Anti-Corruption, and Anti-Competitive Behavior, p. 74
behavi
Keyword: tax
pay our fair share of taxes, and we comply with tax requirements in
every jurisdiction where we operate. Our operations contributed to
economic growth through local, state, and national taxes.
Participants in the Fiber Optic Training Program
2022 Corning Sustainability Report 62Championing DE&I in local communities
Concerned by the persistence of racial inequality in the United States, in 2020, we established the Office of Racial Equality and
Social Unity (ORESU) to champion change and extend our long legacy of supporting DE&I outside of Corning’s walls. Two years
later, our commitment remains strong and our impact visible. Learn more through the Corning Vital Voices podcast.
2022 highlights
Corning DE&I Education We partnered with the Greater
Coordinators continued to Southern Tier (New Yo
Keyword: tax
non-federal parties, and other non-federal political a semiannual list of dues and membership fees to tax-
organizations that register and report to the Internal exempt 501(c)(4) social welfare organizations or 501(c)(6)
Revenue Service under Section 527 of the Internal trade associations or chambers of commerce that exceed
Revenue Code. On a semiannual basis, we disclose non- $40,000, which include the portion of any such dues/fees
federal political contributions (as described above) that that are non-tax deductible.
exceed $1,000 during a calendar year.
2022 Corning Sustainability Report 80Intellectual property protection
We advocate for and defend the intellectual property of Corning advances sustainable practices worldwide by
Corning and respect that of others, including intellectual disclosing green and energy-efficient technology in
prop
Keyword: governance
Corning innovation and products Governance
25 Inventing materials and solutions for progress 71 Corporate governance
28 Delivering value through products and 73 Ethical business practices and compliance
technologies
74 Enterprise risk management
75 Sustainable supply chain
Environment
79 Data security and data privacy
33 Our environmental strategy
80 Public policy and corporate political contributions
and management approach
81 Intellectual property protection
34 Energy and emissions
39 Water management
Appendix
42 Waste management
83 Hemlock Semiconductor
84 Stakeholder engagement
85 Data table
92 TCFD disclosure
99 GRI index
105 SASB index
107 Forward-looking statement
2022 Corning Sustainability Report 2Introduction
In this section:
About this report
Letter from our chief execut
Keyword: governance
and governance. In 2022, we engaged 80% of our
top shareholders, representing approximately 43% of
outstanding shares.
Learn more in our 10-K and 2023 Proxy Statement.
Society
Our products deliver our greatest and most meaningful
impact on society. Just one example is our work to expand
broadband internet access to rural areas across the world.
Corning pioneered the solutions that made it possible to
deploy fiber to homes on a massive scale. Today, Corning’s
pre-engineered solutions help connect more than 70
million homes around the world. In 2022, we doubleddown
on this work through a new partnership with Wesco
International and Nokia to help accelerate and simplify
last-mile broadband deployment in rural and regional
networks.
Learn more in our Innovat
Keyword: governance
Governance
Environment
• Climate resilience • Community involvement &
corporate citizenship
• Efficient use of raw materials¹
• Corporate governance
• Energy & climate action
• Data privacy
• Hazardous substance
management1 • Data security
• Waste management • Ethical business practices
• Wastewater management¹ • Patent & intellectual
property protection
• Water conservation
• Risk management
• Biodiversity1
• Transparency & reporting
(including sustainability)
People
• Environmental & social advocacy
• Occupational health
• Occupational safety
• Respect for human rights
Product
& labor rights¹
• Product quality
• Diversity, equity & inclusion
• Product safety¹
• Human capital management
• Product stewardship
• Sustainability-driven innovation
Supply
Keyword: governance
We have set goals within our focus areas and are working Governance and Risk Management, Transparency &
diligently to achieve them. Our goals provide both Reporting, and Environmental and Social Advocacy.
direction and motivation, improving our chances of
We have identified alignment between our goals and
success.
specific UN Sustainable Development Goals (SDGs) that
In 2021, we added goals related to GHG emissions and in we can most significantly affect. See the following page for
2023, we are announcing new goals for water conservation a table of our 2022 goals and progress followed by a table
and waste management. We revised our occupational of our goals for 2023.
safety goal to further advance our strong outcomes.
We achieved and are retiring goals related to Corporate
2022 Corning Sustainability Repor
Keyword: governance
Maintain a diverse Board of Directors Corporate Governance • Goal achieved and retired
and Risk Management • See page 72 for details about our Board
SDG 12
Conduct an annual review of the Corporate Governance • Goal achieved and retired
Sustainability Program by the Board and Risk Management • See page 71 for details of our governance structure
of Directors Corporate Responsibility SDG 12
and Sustainability Committee
Address environmental, social and Corporate Governance • Goal achieved and retired
governance issues in our Enterprise and Risk Management • See page 74 for details of our Enterprise Risk Management Process
Risk Management Process SDG 12
Issue a sustainability report in 2021 Transparency and • Goal achieved and retired
and every year thereafter Reporting • Corning will publish a susta
Keyword: governance
2022 Corning Sustainability Report 21Sustainability Governance
The Corporate Responsibility and Sustainability Our vice president of sustainability and climate initiatives,
Committee of our Board of Directors oversees the reporting to our executive vice president and chief strategy
company’s sustainability efforts and receives related officer, leads our Sustainability Center of Excellence. This
briefings at every committee meeting. The Committee position works closely with our senior leadership team and
Chair brings experience managing complex environmental business units in overseeing the company’s sustainability
and social issues, while other committee members have efforts and progress toward our goals.
skills in cybersecurity and human capital management.
Sustainability governance and accountabilit
Keyword: governance
*In 2023, we will revise and improve our SWC and SSC governance structure to provide stronger focus on our high-priority sustainability issues.
2022 Corning Sustainability Report 22Corning Sustainability Network
Our employees are passionate about making a positive impact on the world. They are also
essential to achieving our sustainability goals.
In 2022, Corning employees officially launched the Corning Sustainability Network (CSN),
an employee-led group working to accelerate the integration of sustainability into all parts
of Corning through employee education and engagement.
In its first year, CSN actively engaged employees around the world
to participate in Corning’s sustainability journey through events and
volunteering activities, including:
• Kicking off a sustainability awareness poster series
Keyword: governance
Building on our history of environmental, social, and governance commitments, Corning submitted targets for validation to the
Science Based Targets initiative (SBTi), underscoring our commitment to set near-term company-wide emission reductions in
line with climate science, and aligning with the goals of the Paris Agreement.
We look at our energy and emissions management in a holistic way through our GEM program. Aligned with the U.S. EPA’s
ENERGY STAR® Guidelines for Energy Management, the program helps us create and execute effective energy strategies
across our global operations. Every Corning manufacturing facility around the world has an energy-conservation team focused
on reducing energy and emissions locally.
In 2022, we developed a GHG inventory management plan to continuously improve the accura
Keyword: governance
Corporate governance
Ethical business practices and compliance
Enterprise risk management
Sustainable supply chain
Data security and data privacy
Public policy and corporate political contributions
Intellectual property protection
2022 Corning Sustainability Report 70Corporate governance
Responsibility for our long-term success rests with
Corning’s Board of Directors, which has ultimate oversight
of our enterprise. The Board helps to ensure that Corning
remains focused on our strategic priorities and that our actions Valuing our shareholders' trust
reflect our Values. The Nominating and Corporate Governance
Our success depends on robust governance
Committee develops and recommends to the Board a set
practices as well as employees, and partners
of Corporate Gov
Keyword: governance
recommends corporate governance changes and modifications who share our Values and adhere to the
as appropriate. highest standards of ethics and integrity in
all that they do. This allows us to operate and
Beyond Board oversight, corporate governance at Corning
provide value in more areas around the world.
includes an integrated system of processes, policies, and
standards, all underpinned by our Values. For more information
and resources related to corporate governance, see our website.
Formed Corning® HPFS® Fused Silica and Corning® ULE® Glass glass boules ready for further processing.
2022 Corning Sustainability Report 71
© Christopher Payne / EstoA well-qualified, diverse board
Corning’s Board of Directors comprises accomplished
professionals with a diverse range of
Keyword: governance
institutional investors, as well as its corporate governance principles for U.S. listed companies.
Corning's people and leaders enable new
possibilities, like augmented reality glass.
2022 Corning Sustainability Report 72Ethical business practices
and compliance
Ethical behavior earns the trust of our customers, protects Corning maintains a robust compliance program in support
our business, and aligns with our Values. To maintain a of our Code of Conduct, including policies that strictly
culture of integrity at Corning, our Compliance Council prohibit discrimination and harassment. When we receive
oversees a centralized compliance program that aligns with allegations of such conduct involving our workforce, we
applicable laws and regulations and industry best practices. promptly investigate, hold of
Keyword: governance
Environment Social Governance
We strive to use sustainable We are committed to respecting We strive to conduct our business
procurement, eco-friendly human rights; to responsible sourcing ethically and in compliance with
products, and suppliers that work of materials including from diverse, all applicable laws and regulations,
to minimize their carbon footprints small, and local suppliers; and to and we expect our suppliers to
and other environmental impacts. supporting worker health and safety. do the same.
The scope of our global supply chain presents the opportunity to drive significant positive change, but also represents risk. Using
data from the global amfori Business Social Compliance Initiative and by using the riskmethods software, we determined that 11%
of ou
Keyword: governance
In 2020, Corning Incorporated's stake in Hemlock Semiconductor doubled to 80.5%. Although Hemlock’s governance
is independent of Corning, its product set is an important part of our overall portfolio and its energy needs are a
significant fraction of Corning’s global energy use.
For more information, please visit Hemlock Semiconductor,where you can also view its 2022 Sustainability Report.
About Hemlock Semiconductor
Hemlock Semiconductor (HSC) transforms people’s lives HSC is committed to doing good for the local Michigan
by energizing and connecting our world through silicon and global communities, relentlessly improving its
technology. Since 1961, HSC has been a leading global operations and continually working with suppliers and
provider of hyper-pure polysilicon and other silicon- customers to remove supply chain carbon emissions. HSC
based pr
Keyword: governance
Proactive shareholder outreach Corporate governance, sustainability, and risk oversight
Annual reports, and other company filings with
the U.S. Securities and Exchange Commission
Annual shareholder meetings
Investor and analyst days
Industry and investor conferences
Corning.com
Our communities Activities, giving, and other support (e.g., Health and human services
business plans and strategy) by the Corning STEM education and cultural awareness
Incorporated Foundation and Corning
Enterprises Child care, housing, and economic development
Office of Racial Equality and Social Unity Social value creation through volunteerism and grants
(ORESU) Workforce development
Local operations Diversity, Equity and Inclusion
Engagement of Employee Resource Groups (ERGs)
Society Our products and innovations
Keyword: governance
Governance
Disclose the organization’s governance around climate-related risks and opportunities.
Recommended
disclosure Disclosure More information
G1 describe the Corning's Board of Directors includes a Corporate Responsibility and Sustainability 2022 CDP response, 1.1
board’s oversight of Committee (CRASC), whose responsibilities include assisting the Board in
Corporate Responsibility and
climate-related risks reviewing the company’s management strategies, plans, policies, and actions
Sustainability Committee
and opportunities. related to our sustainability program, environmental responsibilities, and climate
Charter
action. This review includes sustainability goals, environmental and social policies
and practices, energy and water management stra
Keyword: governance
Disclose the organization’s governance around climate-related risks and opportunities.
Recommended
disclosure Disclosure More information
G2 describe • Chief Strategy Officer: Responsible for overseeing overall company strategy and
management’s role connection of strategy to climate-related risks and opportunities.
in assessing and
• Senior Vice President, Human Resources: Responsible for overseeing employee
managing climate-
rights, compensation and benefits, labor practices, and human rights policies.
related risks and
opportunities. • Chief Supply Chain Officer: Responsible for overseeing sourcing and
procurement of supplier and vendor services as well as climate-related and
human rights issues in the supply chain.
• Chief Technology Officer: Responsible for managing Corning
Keyword: governance
governance is addressed appropriately in Corning's sustainability program.
• Vice President, Corporate Communications: Responsible for managing the
communication of our sustainability strategy and other climate-related topics to
our stakeholders.
• Vice President, Finance, Analysis, and Insight: Responsible for managing our
ERM program, which includes climate-related risks.
To further embed climate change oversight and risk mitigation throughout our
company, each Market-Access Platform (MAP) (see answer S1 for a description),
has a leader for Sustainability. Corning also has a Global Sustainability and Climate
Initiatives (GSCI) group, led by the vice president, sustainability and climate
initiatives. Together, the MAP Sustainability leaders and GSCI
Keyword: governance
operational, business, reputational, governance, and managerial risks, including
those that may arise due to climate change, 2) an internal audit department, and 3)
a Compliance Council, which reports directly to the Audit Committee and CRASC
and reviews the company’s compliance with laws and regulations of the countries
in which we conduct business. The Audit Committee is responsible for reviewing
the company’s ERM program and business continuity risk procedures, as well as
disclosures about relevant risks made in our financial reports and filings.
Each risk owner reports to management on their specific risk to Corning's ERM
stakeholders, starting with the directors of ERM and Sustainability, ERM and
Sustainability management, and ultimately to the Board. This reporting process,
overse
Keyword: governance
2-9 Governance structure and composition Sustainability Governance, p. 22; Corporate Governance, p. 71
Please refer to our website.
2-10 Nomination and selection of the highest Sustainability Governance, p. 22; Corporate Governance, p. 71
governance body Please refer to our website.
2-11 Chair of the highest governance body Sustainability Governance, p. 22; Corporate Governance, p. 71
Please refer to our website.
2-12 Role of the highest governance body in Sustainability Governance, p. 22; Corporate Governance, p. 71
overseeing the management of impacts Please refer to our website.
2-13 Delegation of responsibility for managing Sustainability Governance, p. 22; Corporate Governance, p. 71
impacts Please refer to our website.
2-14 Role of the highest governance body in Sustainability Governance, p. 22; Corporate Governance, p. 71
sust
Keyword: governance
2-15 Conflicts of interest Governance - Ethical Business Practices & Compliance, p. 73-74
Please refer to our Code of Conduct.
2-16 Communication of critical concerns Governance - Ethical Business Practices & Compliance, p. 73-74
Please refer to our Code of Conduct.
2-17 Collective knowledge of the highest Sustainability Governance, p. 22; Corporate Governance, p. 71
governance body Please refer to our website.
2-18 Evaluation of the performance of the Governance - Corporate Governance, p. 71
highest governance body Please refer to our website.
2-19 Remuneration policies Governance - Corporate Governance, p. 71
Please refer to our website.
2022 Corning Sustainability Report 99Disclosure References, comments in italics
2: General disclosures (continued)
2-20 Process to determin
Keyword: governance
e remuneration Governance - Corporate Governance, p. 71
Please refer to our website.
2-21 Annual total compensation ratio Please refer to our 2023 Proxy Statement.
2-22 Statement on sustainable development Letter from our vice president, sustainability and climate initiatives, p. 8;
strategy Our approach to sustainability, p. 18
2-23 Policy commitments Governance - Corporate Governance, p. 73-81
Please refer to our Code of Conduct and Whistleblower Policies
2-24 Embedding policy commitments Governance - Corporate Governance, p. 73-81
Please refer to our Code of Conduct and Whistleblower Policies
2-25 Processes to remediate negative impacts Governance - Corporate Governance, p. 73-81
Please refer to our Code of Conduct and Whistleblower Policies
2-26 Mechanisms for seeking advice and Gove
Keyword: governance
rnance - Corporate Governance, p. 73-81
raising concerns Please refer to our Code of Conduct and Whistleblower Policies
2-27 Compliance with laws and regulations Governance - Ethical Business Practices & Compliance, p. 73-81
Please refer to our Code of Conduct and Whistleblower Policies
2-28 Membership associations Public Policy & Corporate Political Contributions, p. 80
Please refer to our website.
2-29 Approach to stakeholder engagement Our stakeholders, p. 15; Stakeholder engagement, p. 84
2-30 Collective bargaining agreements Respecting Labor Rights, p. 56
3: Material Topics
3-1 Process to determine material topics Our Approach to Sustainability, p. 18-19
3-2 List of material topics Our Sustainability Priorities, p. 19
201: Economic performance
3-3 Management of ma
Keyword: governance
405-1 Diversity of governance bodies and A Well-Qualified and Diverse Board, p. 72; Please see our 2023 Proxy Statement.
employees
405-2 Ratio of basic salary and remuneration of Advancing Women within our Workforce, p. 49
women to men
406: Non-discrimination
3-3 Management of material topics Ethical Business Practices & Compliance, p. 73. Please see our Code of Conduct
406-1 Incidents of discrimination and corrective Please see our Code of Conduct
actions taken
407: Freedom of association and collective bargaining
3-3 Management of material topics Respecting labor rights, p. 56
Please see our Code of Conduct; Human Rights Policy
407-1 Operations and suppliers in which the Supplier Assessments and Audits, p. 77
right to freedom of association and collective Please see
Keyword: governance
addressing data security risks in products 230a.1 found in the Governance section of this report,
p. 79
Employee Percentage of gender and racial/ethnic group TC-HW- Please refer to our Employee demographics/
diversity & representation for (1) management, (2) 330a.1 diversity data on p. 90 of this report. Further
inclusion technical staff, and (3) all other employees information can be found in our DE&I Report
Product lifecycle Percentage of products by revenue that TC-HW- This disclosure is omitted because it is not applicable
management contain IEC 62474 declarable substances 410a.1 to the vast majority of our products.
Percentage of eligible products, by revenue, TC-HW- This disclosure is omitted because it is not applicable
meeting the requirements for EPEAT 410a.2 to the vast majority of our products.
regist
Keyword: bribe
associated with bribery or corruption that would have a material impact on our company or
205-3 Confirmed incidents of corruption and actions taken SDG 16
our stakeholders. All allegations of corruption are investigated thoroughly, fairly and impartially
with the objective of identifying actions for continuous improvement.
GRI 206: Legal actions for anti-competitive behavior, anti-trust Form 10-K, p. 88 (Other Matters)
206-1 SDG 16
Anti-competitive Behavior and monopoly practices Carrier ESG Report (Fair Competition)
SDG 7, SDG 8,
302-1 Energy consumption within the organization ESG Summary Data (Energy)
SDG 12, SDG 13
ESG Summary Data (Energy) SDG 7, SDG 8,
302-3 Energy intensity
GRI 302: Carrier ESG Report (Energy & GHG Management) SDG 12, SDG 13
Energy SDG 8,
Keyword: bribe
prevention of: (1) corruption and bribery and (2) anticompetitive behavior
In 2022, we know of no incidents or legal cases
Total amount of monetary losses as a result of legal proceedings
RT-EE-510a.2 Reporting currency associated with bribery or corruption that would have
associated with bribery or corruption
Business Ethics a material impact on our company or our stakeholders.
In 2022, we know of no incidents or legal cases
Total amount of monetary losses as a result of legal proceedings associated with anticompetitive behavior regulations
RT-EE-510a.3 Reporting currency
associated with anticompetitive behavior regulations that would have a material impact on our company or
our stakeholders.
Remanufacturing Design
Revenue from remanufactured products and remanufacturing services