Table of Contents
Introduction
About Carrier
Innovating for a Sustainable World
Operations
Our People & Culture
Communities
Governance
ESG Indices
Governance Frameworks 102-8, 102-20, 102-23, 102-26, 102-29, 102-30
Our corporate governance provides the framework for building a culture of integrity and ethical behavior everywhere we do business. Our Board of Directors, Executive Leadership Team and policies guide our actions and govern the relationships among employees and with our customers and communities. Our Leadership Our eight-member Board of Directors includes our Executive Chairman, President & Chief Executive Officer and six independent directors. Our governance structure enables experienced and diverse directors to provide advice, insight and oversight to advance the interests of Carrier, our shareowners and other stakeholders. Carrier strives to maintain sound governance standards as reflected in our Code of Ethics, Governance Guidelines, our systematic approach to risk management, and our commitment to transparent financial reporting and strong internal controls. In addition, our Executive Leadership Team oversees corporate strategy, representing the primary organizational functions and leaders within our primary segments: HVAC, Refrigeration, and Fire and Security.
Sustainability Governance Like our sustainability initiatives, our sustainability governance is integrated throughout the organization and embedded into our culture. Starting with the Board of Directors, the Governance Committee of the board reviews and monitors actions in furtherance of corporate social responsibility. We have also established an ESG Steering Committee, a formal team of cross-functional leaders responsible for driving ESG performance, including our climate change commitments, throughout the company. The Steering Committee regularly engages with the Executive Leadership Team as well as the Board of Directors to report progress. The Steering Committee includes functional representation from finance, human resources, EH&S, supply chain, product quality, product safety, engineering, government relations, investor relations, communications and corporate social responsibility. We hold relevant employees accountable to GHG emission reductions and factor progress into their annual performance evaluations, and we are committed to transparency on our performance. Our sustainability reporting will continue to align to the GRI, SASB and TCFD reporting frameworks. We will continue our practice of disclosing to the CDP.
Our Policies Carrier is committed to the highest standards of compliance – in all places, at all times. Our policies represent our principles and align our efforts company-wide. Our Corporate Policy Manual is publicly shared on our website. Carrier 2020 Environmental, Social & Governance Report | 53
