• Eastman

    ??Sustainability Governance?

    Board of Directors

    Eastman’s Board of Directors and the Board’s committees oversee compliance with legal and regulatory requirements as well as development and management of policies and practices in their respective areas of responsibility (see more online at eastman.com/investors). Chaired by Julie F. Holder, the Health, Safety, Environment & Security (HSES) Committee is a board committee of all the independent directors and oversees the company’s sustainability performance. Eastman’s Chief Sustainability Officer meets regularly with the HSES Committee to review and, where appropriate, make recommendations to the Board regarding the Company’s policies and practices concerning health, safety, environment, security, sustainability, and political activities. Eastman’s Corporate Governance Guidelines and Committee Charters are available on the website. Additional information is available in Eastman’s 2019 Annual Meeting Proxy Statement. ?

    Sustainability Council

    Eastman’s Sustainability Council was established in 2010 to lead the development of an integrated sustainability strategy that informs the corporation’s innovation platform and influences Eastman’s business objectives. Comprised of senior leaders from across the corporation, the Sustainability Council drives alignment across the enterprise to address emerging opportunities for Eastman as the world undergoes continuous transformation.

    Sustainability Subcouncils

    Eastman’s three Sustainability Subcouncils continue to activate deeper integration of sustainability throughout the corporation, bringing established goals to life. They are dedicated to changing the trajectory by driving a sustainable portfolio, effectively managing all of our resources and enhancing social innovation. The Sustainability subcouncils proactively identify emerging issues, assess internal gaps, engage cross-functional teams and execute strategically where Eastman can make the most impact.


    Executive Team Responsibility

    Because sustainability is foundational to Eastman’s values and integral to the company’s business strategy, members of our executive team carry responsibility for our environment, social and governance policies, processes and commitments. Eastman’s Chief Executive Officer and Board Chair Mark Costa has executive responsibility for the company’s strategy and performance, including sustainability performance as it aligns to the corporate strategy. Company sustainability goals are included in the CEO’s annual personal performance commitments, including environmental performance goals and safety commitments, which align to the company’s focus on fostering a zero-incident mindset. Sustainability progress is reported to the Executive Team and the Board of Directors to ensure alignment of the company’s sustainability strategy with the corporate strategy.


    Code of Conduct

    To be successful and fulfill our purpose of enhancing the quality of life in a material way, we must maintain trust and confidence with all of our stakeholders. Eastman has a number of policies and initiatives in place that allow employees to cultivate a culture of integrity and ethical standards. The company has an Office of Global Business Conduct, which administers the Code of Business Conduct. The code raises awareness of legal and ethical issues that may arise and outlines the company’s expectations for compliance with the most current regulations and standards. Annual training on the Code of Business Conduct is required for 100% of employees. In conjunction with the Code of Business Conduct, Eastman provides a Third Party Code of Conduct to our suppliers, which defines our expectations for conducting business with Eastman. We expect the same ethical behavior of our suppliers and hold them accountable via annual supplier surveys to drive the highest standards of sustainability, fair labor practices and safety along our value chain.

    Eastman Advantage

    In 2014, Eastman launched the Eastman Advantage, an internal guiding document that encapsulates the company’s core values, with honesty and integrity as the foundation. The Eastman Advantage replaced the company’s previous guiding document, the Eastman Team, reflecting the company’s status as a larger and more global specialty chemical company.

    Eastman’s decisions and actions at the Board, management and individual employee levels are rooted in these brand beliefs and core values, including safety and wellness, customer focus, innovation, diversity and inclusion, and sustainability. Living by these principles enables the men and women of Eastman to consistently deliver value to our customers and stockholders while also ensuring a positive future for Eastman team members and a culture where integrity is of utmost importance. As the new name implies, we believe our culture is a key to our competitive advantage.

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