**II. Compliance and Governance**
Sustainability starts with our Board. Our Board sets the tone at the top for responsible business practices and our commitment to corporate sustainability. The following five committees of the Board, which meet regularly and report back to the full Board, play a role in its oversight:
1. The Corporate Governance and Nominating Committee has direct oversight of our sustainability policies, practices, and disclosure, in addition to oversight of corporate governance and operational risks related to human capital;
2. The Risk Committee is responsible for the oversight of the Corporation's enterprise risk framework and is responsible for establishing the Corporation's risk tolerance and risk profile. This includes oversight of certain key company risks, including emerging risks;
3. The Compensation and Benefits Committee has oversight of compensation structure for the executive leadership team and Board. It also reviews the Corporation's incentive plans risk management to ensure such compensation programs and incentives are not reasonably likely to create material risk to the Corporation;
4. The Credit Committee has oversight of the Corporation's policies related to all aspects of the lending function and credit risk management, and reviews the quality of the credit's portfolio and trends affecting the portfolio; and
5. The Asset/Liability Committee has oversight of policies and practices relating to asset and liability management, including the Corporation's investment portfolio management.
The responsibility for implementation and management of our corporate sustainability framework and strategy has been delegated to a Corporate Sustainability Committee (the "Sustainability Committee"), a management level committee composed of a cross-functional team of senior management that operationalize the Corporation's sustainability policies and strategy. The Sustainability Committee is composed of leaders from various departments, including corporate strategy & investor relations, corporate affairs, credit, marketing, human resources, finance, risk management, and compliance. The Sustainability Committee aligns sustainability, including ESG, priorities and initiatives for the year for consideration by the Board's Corporate Governance and Nominating Committee. It sets long-term objectives and goals, and leads the annual reporting process on sustainability related topics. The Sustainability Committee's purpose is to guide the advancement of the Corporation's corporate sustainability disclosure along the disclosure spectrum, starting with qualitative disclosures, followed by the establishment of metrics and goals that support these disclosures. The Sustainability Committee is also responsible for prioritizing initiatives, developing internal capabilities, and overseeing implementation. The Sustainability Committee meets on a periodic basis and reports to the Chief Executive Officer. Additionally, the Sustainability Committee periodically reports to the Corporate Governance and Nominating Committee of the Board. Through this structure, we ensure that our commitment to sustainability is deeply ingrained in our corporate governance and operations.