Corporate Governance

Shearman & Sterling LLP The Climate Changes for ESG | 13 * A total of 119 reports were published by the Top 100 Companies. 85 of the Top 100 Companies published one report, six published two reports, three published three reports, one published four reports and one published five reports. NAME OF THE CSR REPORT* 6 4 9 10 44 46 Corporate Social Responsibility Report Sustainability/Environmental Report Citizenship Report Impact Report ESG Report Other There is considerable variation in the nature and content of ESG reports that companies publish. This makes sense as each company must identify the ESG issues most relevant to it based on the nature of its business, strategy and risk perspective, its industry and geographic footprint, the perspective of its customers, employees and the communities in which it operates and the investors that own its stock. The real challenge is creating a coherent message so that the associated reports and multimedia will facilitate stakeholder engagement across a broad range of constituencies. Some companies do this with multiple reports that each address a different area, while other companies create a single document that comprehensively speaks to the importance of the relevant issues. Engagement with stakeholders to understand what they are looking for will be important to find the right format. Most companies also make a substantial effort to provide numerical results and multi-year performance metrics against specific goals. WHAT TOPICS ARE COVERED IN THE REPORT? 98 91 90 101 103 107 71 66 50 32 52 77 81 83 Sustainability Aligning Corporate Responsibility to Long-Term Strategy Employee Support Diversity Supply Chain Climate Change Human Capital Management/Talent Safety Ethics Corporate Governance Citizenship Veterans/Military Families Human Rights Privacy/Data Security

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