Goodyear Tire & Rubber Co/The

The Board Committee on Corporate Responsibility and Compliance (CRC) reviews the activities and processes that support our commitment to ethical behavior. Compliance & Ethics (C&E) provides updates on all relevant activities to the CRC multiple times per year. [...] Global and regional C&E committees—composed of top global or regional business leadership as well as Legal, Human Resources, Finance and Operations—meet several times a year to review Compliance & Ethics matters, discuss and oversee initiatives and training to drive an ethical culture and update policies and procedures as needed. [...] Goodyear, in principle, does not make donations, either directly or indirectly, to political parties or candidates. Employees in the United States have the option of personally making political donations through a political action committee which does not contradict this principle. [...] Goodyear's Board of Directors (Board) and its Committee on Corporate Responsibility and Compliance (CRC), founded in 1976, are responsible for monitoring and providing recommendations on how Goodyear manages our business in a responsible manner, including our environmental, social and governance objectives, policies, strategies, programs and performance. The CRC fulfills the responsibilities delegated to it by the Board in its charter. The CRC, composed of no fewer than three members of Goodyear's Board and currently composed of five members, meets at least three times a year to review and receive updates from management on sustainability-related topics, which includes reports and updates from Goodyear's Vice President and Chief Sustainability Officer (CSO). The full Board regularly receives a report following each committee meeting. In addition, members of the CRC pursue continuing education opportunities relevant to their responsibilities, either through in-house presentations by recognized experts in their field or attendance at outside educational programs. [...] The Better Future Steering Committee—led by Goodyear's CSO, and currently composed of 15 cross-functional, global leaders representing each region, as well as corporate in the areas of Procurement, Technology, Risk, Legal, Quality, Manufacturing Operations, Supply Chain, Communications, Government and Public Affairs, Human Resources, Finance and Marketing—provides strategic direction for Goodyear's high-priority sustainability topics to ensure functional goals are aligned with corporate strategy. [...] The Better Future Working Groups are composed of leaders and subject matter experts for Goodyear's high-priority topics. They are responsible for developing goals and targets for their respective topics and reporting on strategies and progress to ensure we are effectively managing our high-priority topics. Members are responsible for understanding the current state of their topic, developing and aligning appropriate goals and targets and ensuring KPIs/metrics and strategies are in place for each goal. [...] Vice President and Chief Sustainability Officer: Oversees the Company's climate strategy, goals and progress. Reviews Goodyear's climate strategy, goals and performance with company officers and each strategic business unit. This role has compensation metrics and goals that are linked to achieving certain climate targets. [...] Better Future Climate Sub-Committee (Functional & Operational Leaders): Develops and aligns on decarbonization and climate change adaptation and resiliency strategies and monitors progress. [...] Climate Working Groups: Build out and implement decarbonization and resiliency strategies. [...] GOVERNANCE FOR GOODYEAR'S CLIMATE STRATEGY Goodyear's Board is committed to overseeing the company's environmental, social and governance impacts, risks and opportunities, and the prioritization and integration of sustainability strategies. The CRC annually reviews climate-related risks and opportunities, targets, climate strategies, metrics and progress. [...] The CRC is responsible for monitoring and providing recommendations on how Goodyear manages our business in a responsible manner, including our sustainability objectives, policies, strategies, programs and performance. This includes the responsibility to monitor the Company's climate strategy. [...] The following details the governance structure for Goodyear's climate strategy: CEO & President: Serves as the executive sponsor of Goodyear's climate strategy. This includes receiving updates and making final decisions related to Goodyear's strategy. [...] Goodyear's Board of Directors and Board Committee on Corporate Responsibility and Compliance (CRC): Oversees Goodyear's climate risks and opportunities, targets, strategies, metrics and progress. The Board discusses climate strategies and their integration into business processes. The CRC monitors the Company's actions and progress toward achieving climate targets. [...] Senior Leadership Team: Acts as the steering committee for Goodyear's climate strategy and performance. Each of these roles has compensation metrics and goals that are linked to achieving certain climate targets.

Goodyear's Board Committee on Corporate Responsibility and Compliance oversees our corporate responsibility objectives and regularly monitors our progress toward achieving them. Specific functional leaders implement our strategies, goals and purposes, reporting on progress in their areas to the Board or Board Committee. [...] The Better Future Steering Committee is responsible for ensuring functional goals are established and aligned with corporate strategy for Goodyear's high-priority topics and for advancing our communications to external stakeholders. Our VP, Global EHS&S and Business Continuity, reports to the SVP Global Operations and Chief Technology Officer, leads the Steering Committee and provides an annual update to the Board Committee, enhancing their collective knowledge and awareness of key sustainability issues. [...] The Better Future Working Group is made up of the program managers of each of our high-priority topics. Each Working Group member maintains a sustainability scorecard, updated on a quarterly basis, to help ensure we are effectively managing our high-priority topics. Program managers share scorecard updates for their topic twice a year with the broader Working Group to enhance awareness and cross-functional collaboration. Members are responsible for understanding the current state of their topic, developing and aligning appropriate goals and targets and ensuring KPIs/metrics and strategies are in place for each goal. Performance is measured at least annually, and updates are shared internally and externally, as appropriate.

Goodyear's Board of Directors (Board) is committed to overseeing the company's environmental, social and governance impacts, risks and opportunities, ambitions and the prioritization and integration of sustainability strategies. The Board Committee on Corporate Responsibility and Compliance (CRC) reviewed, approved and will maintain oversight of any changes or updates to Goodyear's Climate Transition Plan and climate ambition. The Board will also consider this plan when overseeing Goodyear's corporate strategy and significant business decisions. The CRC is responsible for monitoring and providing recommendations on how Goodyear manages our business in a responsible manner, including our sustainability objectives, policies, strategies, programs and performance. This includes the responsibility to monitor the company's climate ambition and progress. The CRC typically meets at least three times a year to review and receive updates from management related to sustainability and climate matters, which includes reports and updates from Goodyear's Vice President and Chief Sustainability Officer. For example, the CRC reviews Goodyear's climate-related risks and opportunities. The full Board receives a report following each committee meeting. This Board oversight ensures Goodyear continues to focus on addressing climate-related risks and opportunities and their impacts on the business, strategy and financial planning. [...] The following details the governance structure for Goodyear's climate ambition and Climate Transition Plan. Goodyear's Board of Directors and Corporate Responsibility and Compliance Committee: Oversees Goodyear's climate risks and opportunities, ambitions, targets, strategies, metrics and progress. The Board discusses climate strategies and their integration into business processes. The CRC monitors the company's actions and progress toward achieving climate ambitions and targets. CEO & President: Serves as the executive sponsor of Goodyear's climate ambition. This includes receiving updates and making final decisions related to Goodyear's climate strategy. Senior Leadership Team: Acts as the steering committee for Goodyear's climate ambition, strategy and performance. Each role has compensation metrics and goals linked to achieving certain climate targets. Global Technology, Operations and Business Leadership Teams: Receives updates from Goodyear's Vice President and Chief Sustainability Officer on climate strategies, challenges, and funding requests related to Goodyear's carbon footprint reduction goal and adaptation and transition strategies during monthly bold goal meetings. Vice President and Chief Sustainability Officer: Leads the company's Climate Transition Plan, climate ambition, goals, strategies, progress and data integrity. Reviews Goodyear's Climate Transition Plan, ambition, strategy, goals and performance with the Board and company officers and builds the plan with cross-functional leaders. This role has compensation metrics and goals linked to achieving certain climate targets. Global Legal: Oversees the climate-related risks and opportunities assessment, climate-related scenario analysis and resiliency evaluation. Reviews the process and outcomes with Goodyear's Executive Vice President, Chief Financial Officer, and Senior Vice President, General Counsel for alignment and approval. Better Future Steering Committee: Led by Goodyear's Vice President and Chief Sustainability Officer and currently composed of 15 global leaders representing each region and corporate function ensures functional goals are established for Goodyear's high-priority sustainability topics, including climate, and aligned with corporate strategy. They monitor progress on maturity, integration and performance. The Committee also advances the company's communication to internal and external stakeholders. Better Future Climate Sub-Committee (Functional & Operational Leaders): Assesses climate-related risks and opportunities, develops and implements decarbonization, adaptation and resiliency ambitions, targets and strategies with their working groups and monitors progress. Climate Working Groups: Build and implement decarbonization, adaptation and resiliency strategies. Tracks and monitors progress.

The Board Committee on Corporate Responsibility and Compliance (CRC) reviews the activities and processes that support our commitment to ethical behavior. Compliance & Ethics (C&E) provides updates on all relevant activities to the CRC multiple times per year. [...] Global and regional C&E committees—composed of top global or regional business leadership as well as Legal, Human Resources, Finance and Operations—meet several times a year to review Compliance & Ethics matters, discuss and oversee initiatives and training to drive an ethical culture and update policies and procedures as needed. [...] Goodyear, in principle, does not make donations, either directly or indirectly, to political parties or candidates. Employees in the United States have the option of personally making political donations through a political action committee which does not contradict this principle. [...] Goodyear's Global Policy Committee is responsible for the policy development and management process, including overseeing policy owners' periodic review of company policies, reviewing and approving company policies and facilitating publication and centralization of policies to ensure access for Goodyear associates and others as appropriate.

Goodyear's Board Committee on Corporate Responsibility and Compliance (CRC) comprises no fewer than three members of our Board or Directors. It is responsible for monitoring and providing recommendations related to the company's policies, objectives, programs and performance on environmental, social and governance matters, including climate & natural resource issues and strategy. As part of our Goodyear Better Future framework, Goodyear is committed to understanding the potential impacts our value chain may have on climate and natural resources, such as forests, land and water. This includes confirming Goodyear's climate targets and actions, and regularly monitoring progress toward achieving them. [...] In 2022, Goodyear conducted a climate-related risks and opportunities materiality assessment, a qualitative scenario analysis and financial impact assessment to identify and prioritize climate-related risks and opportunities relevant to Goodyear's value chain. Complete details can be found in Goodyear's latest TCFD report, published in December 2022 on our corporate responsibility website https://corporate.goodyear.com/us/en/responsibility.html. Goodyear's climate-related risks and opportunities will be evaluated on an annual basis, led by Goodyear's Global Sustainability leadership, Chief Risk Officer and Chief Financial Officer. The aim is to ensure an up-to-date view of potential climate-related risks and opportunities in the short, medium and long term, and an understanding of the significance of impacts, including under different climate scenarios. Goodyear will evaluate and potentially adjust inputs, parameters, assumptions, data and analytical choices annually. Goodyear will use this analysis to evaluate our adaptation and resiliency strategies. Goodyear will continue to report the details of this analysis and strategic responses through our annual CDP and TCFD reports. While strategy-specific decarbonization roadmaps are being built to 2030, various materials, energy and transport strategies are being implemented. For example, Goodyear is actively pursuing bio-based, recycled and carbon-neutral materials, further investing in energy efficiency projects and additional renewable energy, and evaluating and implementing emissions-optimized transportation and warehousing options. These strategies will be reported in future Corporate Responsibility Reports.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes