Albemarle Corp

Lobbying Governance

AI Extracted Evidence Snippet Source

Our Board of Directors (Board) exercises overall governance of our sustainability program and its alignment to the Albemarle Way of Excellence. Committees of the Board take the lead in discrete areas of oversight within their areas of responsibility, with the Health, Safety & Environment (HS&E) Committee monitoring progress on sustainability initiatives on a quarterly basis. Each of the committees regularly reports to the Board on sustainability matters. [...] The Health, Safety & Environment (HS&E) Committee is responsible for overseeing (among other items) our climate strategy including energy consumption and our greenhouse gas emissions. The HS&E Committee meets quarterly and our VP, Sustainability and Investor Relations reviews progress on our climate-related work, which includes energy and GHG emissions reduction targets. The Audit & Finance Committee of our Board reviews our enterprise risk management (ERM) at least annually, including climate change risks as appropriate. [...] Albemarle's Chief Risk Officer is responsible for our ethics & compliance program. The cornerstone of our compliance program is Albemarle's Code of Conduct (Code). The Code, which is available in English, Dutch, German, Chinese and Spanish, outlines the ethical expectation we have for our employees, officers and directors for the way they conduct their day-to-day business. [...] Albemarle's Chief Risk Officer is responsible for the management of our human rights risk program. In 2022, our risk assessment framework was updated to specifically address potential human rights-related impacts of any risk event.

https://www.albemarle.com/sites/default/files/gc_pdf//2022_sustainability_report.pdf

## Governance and Disclosure
Remaining transparent and holding ourselves accountable are critical to our success.

- Our senior executive leadership will review progress on our climate strategy on an ongoing basis

- Our board of directors will review progress on our climate strategy on an ongoing basis

– The Health, Safety, and Environmental (HSE) committee will review progress on climate
strategy and targets at least annually
– The Audit & Finance committee will review enterprise risk management, including climate, at
least annually

- We will publicly report progress on our climate strategy and targets at least annually, in our annual
Sustainability Report

– We currently disclose Scope 1 and Scope 2 emissions in our annual sustainability report
– We expect to disclose Scope 3 emissions beginning in 2022
– We expect to align with CDP in 2021 and will consider disclosure under TCFD in 2022

https://www.albemarle.com/sites/default/files/2024-06/albemarle_climate_policy_61.pdf

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]see Sustainability Report 2021 and:

Governance and Disclosure
Remaining transparent and holding ourselves accountable are critical to our success.
• Our senior executive leadership will review progress on our climate strategy on an ongoing basis
• Our board of directors will review progress on our climate strategy on an ongoing basis
– The Health, Safety, and Environmental (HSE) committee will review progress on climate strategy and targets at least annually
– The Audit & Finance committee will review enterprise risk management, including climate, at least annually
• We will publicly report progress on our climate strategy and targets at least annually, in our annual Sustainability Report
– We currently disclose scope 1 and scope 2 emissions in our annual sustainability report
– We expect to disclose scope 3 emissions beginning in 2022
– We expect to align with CDP in 2021 and will consider disclosure under TCFD in 2022

CDP Questionnaire Response 2022