2021 Owens Corning Sustainability Report | Our Approach | Board Leadership | 53 Management Oversight of Sustainability According to our Directors’ Code of Conduct, sustainability includes the following concepts: ■ Environmental compliance. ■ Product stewardship. ■ Personal safety. ■ The environmental and social impacts of our global operations and the products we make and sell. Both the audit committee and the board of directors as a whole retain some oversight responsibility for environmental, health and safety risks. Directors are expected to provide oversight, guidance, and direction on sustainability issues and opportunities that potentially impact our reputation and long-term economic viability. These sustainability issues include energy reduction, renewable energy, water scarcity, and waste reduction. We have a sustainability governance structure to discuss and make decisions on all issues related to economic, environmental, and social aspects. Because the board of directors is responsible for overseeing risk for Owens Corning, they are also responsible for oversight of climate-related issues and opportunities. According to the Audit Committee Charter: ■ The committee is responsible to review the impact of significant regulatory changes, proposed regulatory changes and accounting or reporting developments, including significant reporting developments related to the principles of sustainability. More information about risk oversight can be found in the Risk section of this report. Owens Corning created the chief sustainability officer (CSO) role in 2007 to underscore the essential role sustainability plays in our overall operations. The CSO reports directly to the CEO and is responsible for our compliance with legal and company requirements related to environmental, safety, health, and sustainability. In addition, a sustainability organization, made up of approximately 50 employees, reports to the CSO. This team is accountable for circular economy, product stewardship, supply chain sustainability, sustainability and reporting analytics, operations sustainability, medical, and EHS (environmental, health, and safety). Vision and values related to sustainability are created by the CEO and the CSO. They also create, maintain, and promote sustainability strategy and policies, and they redefine targets and goals as needed. The CSO and his organization are responsible for monitoring and reporting performance. Our environmental metrics and data are monitored using the EcoStruxure™ Resource Advisor system from Schneider Electric. Data is entered into the system, where it can be reviewed and analyzed. The sustainability leadership team meets regularly to: ■ Review initiatives and performance against metrics. ■ Debate current trends in the market. ■ Evaluate the transparency of our product attributes and the level of information needed to satisfy customers. ■ Understand increasing stakeholder expectations. Climate-related issues are addressed through our risk management process and included in our risk registers, which are developed by the business and legal teams from the plant level up. Oversight of sustainability — including all elements of our 2030 sustainability goals — lies with the board of directors. In addition, our audit committee has oversight responsibilities for Environmental, Health, and Safety. OVERSIGHT OF SUSTAINABILITY SUSTAINABILITY ORGANIZATION Chief Sustainability Officer (CSO) Sustainability Champions EH&S Leadership Council, which includes: • Chief Sustainability Officer (executive sponsor) • Enterprise Environmental • Enterprise Safety • Enterprise Medical, Health • Insulation, Director – EHS • Roofing, Director – EHS • Composites, Director – EHS • Regulatory Law Sustainability Leadership Team Chief Executive Officer (CEO) Board of Directors ROLES • Creating sustainability vision, values • Sustainability strategy and policies • Redefining targets or goals • Performance monitoring and reporting ROLES • Reports on delivery of goals and targets ROLES • Oversight responsibility for EHS risks • Guidance and direction on sustainability issues and opportunities