Autoliv Inc

Starting in 2019, to mitigate potential compensation-related risk, the Company began requiring double-trigger acceleration of unvested equity in the event of a qualified termination following a change in control in which outstanding awards are assumed by a publicly-traded surviving entity, instead of the previous single-trigger acceleration. [...] The Compensation Committee annually considers an assessment of compensation-related risks including an inventory of incentive arrangements below the executive level. Based on this assessment, the Compensation Committee concluded that our compensation program does not create risks that are reasonably likely to have a material adverse effect on Autoliv. In making this determination, the Compensation Committee reviewed the key design elements of our compensation program in relation to industry "best practices" as presented by FW Cook, the Compensation Committee's independent compensation consultant, as well as the means by which any potential risks may be mitigated, such as through our internal controls and oversight by management and the Board of Directors.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Autoliv is actively engaged in the European Association of Automotive Suppliers (CLEPA), which is working with its members to define the industry's position and finding joint solutions when it comes to legal interpretation (e.g. EU taxonomy) and how to create more sustainable transportation systems in line with e.g. long-term EU policy. The work is internally managed by the Sustainability team which is also responsible for defining and monitoring the climate change strategy, meaning full consistency between engagement, policy positions and strategic climate change positions.

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?[…]When engaging through industry associations (e.g. European automotive supplier organization CLEPA), we align our position with our long-term commitments of carbon neutrality in own operations by 2030 and net-zero throughout the supply chain by 2040. Our position in these engagement is continuously discussed and aligned between key functions within Autoliv, in particular the Sustainability, Public Affairs and Communications teams.