Johnson & Johnson

At least annually, the Senior Vice President of Worldwide Government Affairs & Policy reports on political contributions to the Regulatory Compliance & Sustainability Committee of the Board of Directors. [...] An advisory committee comprising employees who are J&J PAC participants and who represent U.S. business sectors assist the Company's Government Affairs & Policy department in selecting candidates, committees, and state ballot measures to support. Members of senior management approve all J&J PAC and U.S. corporate political contributions. The Vice Presidents of Federal and State Government Affairs and the Senior Vice President of Worldwide Government Affairs & Policy have final approval authority for all U.S. political contributions. [...] J&J PAC and U.S. corporate political spending is also subject to internal audit biennially. Our Code of Business Conduct prohibits employees from using Company funds or assets for political purposes unless approved by Government Affairs & Policy and the appropriate business or functional leader. [...] As part of its oversight role in government affairs and policy, the Regulatory Compliance & Sustainability Committee of the Johnson & Johnson Board of Directors annually reviews a report of the Company's political contributions as well as the Company's major lobbying priorities, lobbying policies, practices, and activities, including the annual dues to trade associations of $50,000 or more, where a percentage of the annual dues may be used for federal lobbying.

The Board of Directors and its relevant Committees—including the Regulatory Compliance & Sustainability Committee (RCSC)—are responsible for oversight of the Company's climate strategy and goals. The Chief Sustainability Officer (CSO), who leads the Office of Sustainability, presents updates on the progress toward climate-related goals and targets to the RCSC at least annually. The CSO also provides regular updates to the Executive Vice President, Chief Technical Operations & Risk Officer, who is a member of the Company's Executive Committee, and a management representative to the Board of Directors in the RCSC.

At the management level, the Johnson & Johnson Enterprise Compliance & Risk Committee (ECRC) serves as a centralized committee for governance and oversight of risk management activities, including on climate-related issues across the Company. The ECRC, which is chaired by the Chief Technical Operations & Risk Officer, is comprised of leaders across sectors and functions and meets several times a year to proactively review risk areas, integrate external risks and opportunities, and monitor risk mitigation plans and actions. The CSO is a standing member of the ECRC.

Key milestones in furtherance of our climate strategy are included as part of our Enterprise strategic goals, which are in turn reviewed with our Board of Directors on a quarterly basis and used to hold our CEO and other named executive officers accountable for business performance. In addition to Executive leadership, members of our senior management have climate-related performance indicators as part of their individual annual goals and objectives. Our external climate goals are considered among the key performance indicators of our ESG performance.

Johnson & Johnson defines strategic imperatives as well as internal policies and implements processes to assure adherence to policies. For example, Johnson & Johnson's Climate Policy, updated in 2022, was reviewed by senior management and is applicable to all of the Johnson & Johnson Family of Companies and is shared publicly with all stakeholders on our website. This policy states our positions on climate change, our commitments and governance around the policy. The Science, Technology & Sustainability Committee of Johnson & Johnson's Board of Directors reviews the Company's policies, programs and practices on environment, health and sustainability, including enterprise goals directed at carbon reduction and renewable energy. In general, our Policies and Positions resources are reviewed and updated as required in conjunction with our annual Health for Humanity reports to enable stakeholders to more easily access and understand our policies on climate change. If inconsistencies are discovered: We are a member of trade associations that advocate for our industry and market-based health solutions and we provide financial support to several policy development organizations and think tanks whose purpose is to develop policy position papers or model legislation, among other civic activities. We acknowledge that we may not align with or support every public position each of these broad-based groups takes. However, when we do disagree with a position, we have a range of approaches we can employ to respond and we believe that our dissenting voice has greater impact as a member of these organizations. We take input from our stakeholders and determine how best to express our views to an organization – from simply declining to participate in certain initiatives sponsored by the organization, to partnering with other members to amplify our viewpoint both within the organization and externally, to reaching out directly to the organization's leadership to examine a possible change in position.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Johnson & Johnson defines strategic imperatives as well as internal policies and implements processes to assure adherence to policies. For example, Johnson & Johnson's Climate Policy, updated in 2022, was reviewed by senior management and is applicable to all of the Johnson & Johnson Family of Companies and is shared publicly with all stakeholders on our website. This policy states our positions on climate change, our commitments and governance around the policy. The Science, Technology & Sustainability Committee of Johnson & Johnson's Board of Directors reviews the Company's policies, programs and practices on environment, health and sustainability, including enterprise goals directed at carbon reduction and renewable energy. In general, our Policies and Positions resources are reviewed and updated as required in conjunction with our annual Health for Humanity reports to enable stakeholders to more easily access and understand our policies on climate change.

If inconsistencies are discovered: We are a member of trade associations that advocate for our industry and market-based health solutions and we provide financial support to several policy development organizations and think tanks whose purpose is to develop policy position papers or model legislation, among other civic activities. We acknowledge that we may not align with or support every public position each of these broad-based groups takes. However, when we do disagree with a position, we have a range of approaches we can employ to respond and we believe that our dissenting voice has greater impact as a member of these organizations. We take input from our stakeholders and determine how best to express our views to an organization – from simply declining to participate in certain initiatives sponsored by the organization, to partnering with other members to amplify our viewpoint both within the organization and externally, to reaching out directly to the organization's leadership to examine a possible change in position.