ESG AND EXECUTIVE COMPENSATION Our executive compensation program is designed to support the company’s longevity and stability by driving long-term business outcomes, promoting strong governance practices, and encouraging responsible risk-taking. We do this by linking individual pay with company performance on a diverse set of measures, as well as financial and strategic goals. All senior executives have a large portion of compensation that is variable and covers annual and multi-year performance periods. The company scorecard incentivizes performance and includes key objectives in four categories: Shareholder, Customer, Colleague, and Strategic. In 2021, the Compensation and Benefits Committee modified its charter to include a review of strategies relating to diversity, equity, and inclusion initiatives as well as key talent metrics. We also increasingly link executive compensation to our ESG goals. For example, in years past, the company scorecard’s Colleague category included metrics for diversity representation, talent retention, culture, and inclusion as part of the calculation to determine incentive compensation for all eligible colleagues. In 2021, we also incorporated the management of key ESG priorities, including metrics, into our executive compensation program under the Strategic category of our annual scorecard. Our Board’s Compensation and Benefits Committee oversees performance goals across our categories and certifies performance outcomes. INTRODUCTION PROMOTING DE&I ADVANCING CLIMATE SOLUTIONS BUILDING FINANCIAL CONFIDENCE OUR ESG GOVERNANCE & OPERATING RESPONSIBLY SUPPORTING DATA OUR COMMITMENT TO ESG 81 81