Moog Proxy - FY2022 - Host - Flipbook - Page 45
SUSTAINABILITY
Commitment to Sustainability Reporting
The Company is committed to operating sustainably while providing outstanding products to our global customer base.
Sustainability is ingrained in our Company’s culture and values. It includes our focus on environmental stewardship, social
responsibility and corporate governance ("ESG"). We published our first sustainability report ("Sustainability Report") in August
2022 to share our progress to date and address our policies, procedures, metrics and goals around ESG and human capital
topics. Since the publication of our initial Sustainability Report, we have continued on our journey to develop, maintain and
expand on various sustainability initiatives.
We are developing a comprehensive sustainability strategy. This strategy includes: stakeholder outreach and engagement to
help inform on our areas of focus; appointment of a cross-functional sustainability committee led by our Director of Sustainability;
creation of a sustainability function to lead our Corporate Social and Environmental Responsibility ("CSER") and sustainability
strategy and activities; and selection of the Sustainability Accounting Standards Board ("SASB") standards for use in establishing
our investor grade ESG protocols and metrics we will seek to use and disclose going forward. Further, we have begun our
transition to report according to the SASB standards. We expect to further develop and continue to execute on our strategy
during fiscal 2023, which will include an update to our Sustainability Report outlining our objectives and highlighting our
achievements to date.
Some of the highlights of our journey are described below. For more information related to our initiatives and progress, please
review the Sustainability Report and our website. The content of the Sustainability Report and the Company’s website are not,
and should not, be deemed to be incorporated by reference in this Proxy Statement or otherwise filed with the SEC.
Sustainability Oversight
The Company’s Board of Directors has delegated primary responsibility for oversight and review of our sustainability strategy
and integration of sustainability into our business to its Nominating and Governance Committee. The Nominating and
Governance Committee, composed entirely of independent directors, receives regular reports on our sustainability efforts and
related topics, and is routinely apprised of the actions that management has taken in furtherance of our strategy with respect to
environmental and social issues, among other areas.
Environmental Sustainability
We believe that our values, rooted in trust, integrity, and collaboration, lay the foundation for the Company's commitment to
corporate social and environmental responsibility. Beyond creating exciting technologies that solve our customers' most
demanding technical challenges, we believe that to be truly successful, it's crucial that we contribute to improving the world for
current and future generations. For us, that means we are committed to protecting our planet by minimizing our environmental
impact. The Company has a dedicated Environmental, Health and Safety ("EHS") team that provides a variety of services, such
as training to ensure compliance with all EHS regulations, while administering safe and healthy working conditions for our
employees.
Social Engagement
We are also committed to contributing our time, talent and resources to strengthen the communities where we do business. This
includes providing financial and volunteer support to various regional and local charitable organizations, non-profits and other
community programs.
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