FMC Corp

Lobbying Governance

AI Extracted Evidence Snippet Source

The Sustainability Committee of the Board of Directors (the "Committee") is composed of six outside members of the Board, one of whom is the Chairman. The Committee and its Chairman are nominated by the Nominating and Corporate Governance Committee, and elected annually at the organizational meeting of the Board. The Committee's scope encompasses FMC's safety, environmental and sustainability programs as these were found to be important in the Materiality Assessment of the company. It reviews these programs (objectives, plans, and performance) and recommends actions, as necessary, to ensure continuous performance improvement and alignment with constituent expectations (both internal and external). The Committee also monitors program goals in light of market, environmental and social trends and expectations. The Committee meets as scheduled by its Chairman, nominally three times per year in conjunction with the April, July and October meetings of the Board of Directors. Assisting the Committee is the Vice President, Global Procurement, Global Facilities and Corporate Sustainability, who serves as the Committee's executive secretary. The executive secretary prepares the agenda and the minutes of the meetings. The Global Sustainability Director reports to the Committee the changes in sustainability metrices related to climate change resulting from the Committee's inquiries and recommendations. She also assists the Chairman in preparing reports to be submitted to the Board. The Committee conducts a self-assessment of its performance annually. [...] The Director of Corporate Sustainability oversees the implementation and integration of sustainability at FMC. The Director reports to the Vice President of Global Procurement, Global Facilities, and Corporate Sustainability, and FMC's internal Sustainability Steering Team (SST). The SST includes Vice Presidents and executives from Manufacturing, EHS, R&D, Regulatory, Marketing and Sales, Communications, Procurement, Human Resources, Legal and Government Affairs. The SST meets on a quarterly basis and dives deeply in to climate-related issues such as corporate environmental goals, stakeholder feedback and sustainability initiatives. The Director also communicates directly with the Board of Directors' Sustainability Committee on sustainability and climate change three times a year. The Corporate Sustainability Director collaborates with the Vice President of Operations and FMC's Operations, Human Resource and R&D directors to develop and ensure the achievement of FMC's 2025 and 2030 safety, environmental, innovation and social metrics and targets. In 2019, the Board of Director's Sustainability Committee approved the new corporate sustainability goals upon becoming a pure agricultural sciences company. The Director also appraised the Board the feedback from FMC's external sustainability advisory council, diversity and inclusion initiatives and the development of FMC's Product Stewardship and Sustainability Assessment tool for R&D projects. Additionally, this individual manages the Corporate Sustainability Group, who collects, verifies and audits FMC's metrics for innovation, business practices, and environment (energy, water, greenhouse gas emissions and waste). The Corporate Sustainability Group works cross-functionally to monitor the implementation of FMC's sustainability programs globally.

https://www.fmc.com/sites/default/files/2021-04/2020-FMC-CDP-Climate-Change-Response_0.pdf

FMC's Board of Director's Sustainability Committee is tasked with overseeing and evaluating the effectiveness of FMC's sustainability strategy to ensure it continues to create value and deliver real impact for the company and society. The Committee reviews and provides guidance to management on FMC's sustainability initiatives including those relating to its environmental and social impact, climate change, community engagement and diversity and inclusion. The Committee meets four times per year. [...] The Executive Sustainability Council meets four times a year to review progress on goals, new initiatives, commitments and challenges and is actively involved in the review of climate related risks and opportunities. It recommends actions, as necessary, to ensure continuous performance improvement and alignment with constituent expectations (both internal and external). In addition, the office of the CSO was formed in November of 2020 to bring greater focus and direction to our sustainability efforts around the world, driving meaningful change across the company and supporting global initiatives to address some of the world's most urgent challenges. The office of the CSO consists of five key functions: Corporate sustainability, DEI, Product Stewardship, Government and Industry Affairs and Sustainability Communications, Engagement and Philanthropy.

https://www.fmc.com/sites/default/files/2022-07/FMC-7176%202021%20Sustainability%20Report%20Digital_Final_2_3.pdf

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]In 2020, FMC created the role of Vice President and Chief Sustainability Officer (CSO), which will bring greater focus and direction to sustainability efforts around the world and drive meaningful change across the company and support global initiatives to address some of the world's most urgent challenges. There are five key functions that report to the Chief Sustainability Officer: Corporate Sustainability; Diversity & Inclusion; Product Stewardship; Sustainability Communications, Engagement &Philanthropy; and Government and Industry Affairs.

FMC has an established set of strategic and governance processes that ensure the collaboration of FMC's Governmental Affairs team with FMC's executive leadership
team, business leaders, and sustainability group on many issues, including sustainability and climate change-related issues. For example, members of FMC's Governmental
Affairs Group participate on FMC's Executive Sustainability Council alongside leaders of FMC's executive leadership, as well as group leaders from Manufacturing, EHS,
R&D, Finance, Communications, Procurement, Human Resources, and Legal. In addition, members of FMC's Corporate Government Affairs have regular interactions with
FMC's leaders from each function and geography in which FMC operates to define and ensure the priorities of the company are advocated for in our interactions with policy
makers, trade associations, and research organizations. Through these interactions and meetings, FMC is able to discuss and ensure the company's common approach to
climate change is consistent and in line with our EHS Policy and Statement on Climate Change. In case an inconsistency is discovered, actions would include internal education on our sustainability goals and further engagement with policy makers to clarify our position on climate change.

In addition, FMC's External Sustainability Advisory Council, initiated in November 2017, provides perspectives and objectivity to our sustainability strategy. Members of the
Council are leaders in agriculture, energy, water, academia and environmental issues. Council meetings are held twice a year.

CDP Questionnaire Response 2022

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes

CDP Questionnaire Response 2023