ESG Governance & Oversight
Our Board of Directors maintains overall responsibility for ESG governance at Carpenter Technology. Our Board and its committees oversee ESG-related aspects of our corporate strategy, plans of action, management policies, and performance objectives. The Board and its committees work closely with management to ensure that the Company is properly addressing ESG considerations, including in the Company’s overall business strategy. As our Company continues to develop and execute its ESG plan and targets, our Board will continue to oversee our strategy and monitor the Company’s progress.
The Corporate Governance Committee (“CG Committee”) of the Board of Directors reviews and makes appropriate recommendations to the Board regarding the delegation of responsibilities to other Committees relating to ESG matters. The CG Committee reviews with management significant Company strategies and practices relating to sustainability, corporate responsibility and ESG matters in furtherance of the Company’s business strategy, Core Values and purpose. The CG Committee also reviews recent developments and best practices in the fields of sustainability, corporate responsibility and ESG matters that are identified by the Board, management or the CG Committee. Further, the CG Committee reviews relevant sustainability, corporate responsibility, and ESG publicly available reports involving the Company. The CG Committee makes recommendations to the Board regarding the foregoing as appropriate.
The Human Capital Management Committee (“HCM Committee”) of the Board of Directors reviews, reports and makes recommendations when appropriate on human capital management, diversity, equity and inclusion, talent management and retention, and corporate social responsibility.