Dell Technologies Inc

Advocacy and engagement on issues of climate policy [...] Engagement with policymakers and regulators enables Dell to learn how it can best support global efforts, to communicate where external support can make Dell's work on climate more effective, and to work with governments to develop and implement climate solutions. [...] Dell frequently participates in and supports programs for climate action, including the World Economic Forum's "Alliance of CEO Climate Leaders", the "We Mean Business Coalition", and the RE100. [...] Dell is committed to work with public entities, including the U.S. Administration, on climate change actions and policies.

Managing global challenges as multifaceted as climate change and broader ESG topics demands a holistic approach and coordinated action at all levels of an organization. To manage ESG at Dell, we implemented a hub and spoke governance structure, where the Steering Committee and Interlock Team are the hub. Climate change is one of the priority topics we address through this structure. At the core of this structure, clearly defined leadership fosters collaboration and cooperation across functional boundaries to drive innovation and accelerate progress toward our net zero goal. This approach harnesses the diverse expertise and perspectives within our organization, ensuring that multiple departments across Dell contribute to and are accountable for our climate objectives. The ESG operating model and governance structure illustrated below shows the relationships between the Steering Committee, Councils and various Groups, with ultimate accountability resting with our Board of Directors and Executive Leadership Team. [...] The board is engaged to provide additional oversight on climate-related matters. ESG leadership updates the board regularly on significant investments and progress against our ESG goals and initiatives to support the integration of ESG measures within the company's overall business strategy. This includes relevant progress and updates to our Climate Transition Action Plan. As climate change and our Climate Transition Action Plan evolve, we will continue to evaluate enhancements to the board's oversight and clarify climate-related oversight responsibilities of board-level committees, as needed. Recognizing the importance of climate awareness, we strive to educate and provide training to current and future board members. This effort will empower the board to continue making informed decisions related to climate impact. [...] Below the board, our Executive Leadership Team provides vision to our ESG leadership committees, which we have established as part of our overall ESG governance. Separate management groups, including the ESG Steering Committee and ESG Interlock Team, are tasked with overseeing and executing our ESG strategy and progress, including our climate strategy and transition plan. To ensure an integrated perspective and approach to ESG topics, including climate management, these management Committees are composed of members from various business unit functions across the organization, most relevantly: sustainability and ESG, human resources, supply chain, corporate affairs, government affairs, internal audit, legal, risk management, investor relations, accounting, finance, product, operations and services teams. As part of Dell's annual strategic planning process, ESG performance is included as one of our strategic priorities. We integrate and operationalize ESG performance into broader business strategy and plans through our One Dell ESG strategic planning process. The process includes engaging with key business units and functions throughout the business that are represented on our ESG Interlock on multi-year priorities and plans, ensuring clear accountability and cross-team coordination. Additionally, an executive officer's performance, experience and ability to contribute to Dell's strategic goals — including our climate ESG goal — are factors that may be considered, among others, in making individual compensation decisions.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Dell Technologies has a commitment that all activities are in line with its overall climate change strategy, including any engagement activities. This begins with the public Global Climate Principles document which lays out the principles by which Dell conducts business as it relates to climate change. This document acknowledges the significance of climate change and how Dell's corporate purpose of creating technologies that drive human progress plays a role in establishing Dell's climate action.

This document further details how engagements with internal and external stakeholders play a role in this climate action. Internal engagement, including that of Dell's Planet Employee Resource Group, is key in helping Dell to tackle climate issues. External engagement with customers, partners, in climate-driven initiatives, and in the form of advocacy, are also important tools for Dell to achieve success within our program of climate action.

To aid in the governance of the principles for engagement outlined in the Global Climate Principles document Dell has a Climate Engagement Workgroup that meets at least monthly. This workgroup reviews various engagements to determine if they are appropriate to be included in Dell's overall climate action strategy. In addition to this working group Dell has a lean-in process which has governance over all large climate related engagements. This process includes a cross-functional group that determines whether Dell should join any major engagements such as alliances or signing on to letters.

Dell's Global Climate Principles document can be found at the following link: https://i.dell.com/sites/doccontent/corporate/corp-comm/en/Documents/dellclimatepolicyprinciples.pdf

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]Dell Technologies has a commitment that all activities are in line with its overall climate change strategy, including any engagement activities. This begins with the public Global Climate Principles document which lays out the principles by which Dell Technologies conducts business as it relates to climate change. This document acknowledges the significance of climate change and how Dell Technologies' corporate purpose of creating technologies that drive human progress plays a role in establishing Dell Technologies' climate action.