At the Equitable Holdings level, in accordance with Board committee charters, the Equitable Holdings Board of Directors oversees Equitable's ESG strategy directly, through its commitments, and through certain subsidiary boards and committees, including:
- **Audit Committee: Oversight of legal, regulatory and compliance; internal controls and operational risk,** including cybersecurity and data privacy.
- **Compensation and Talent Committee: Oversight of human capital management including diversity,** equity and inclusion.
- **Finance and Risk Committee:** Oversight of enterprise risk management, including physical and transition risks of climate change.
- **Investment Committee: Oversight of investment risk within the General Account portfolio, including** ESG investment philosophy and guiding principles, ESG integration and impact investing activities.
- **Nominating and Corporate Governance Committee:** Oversight of overall ESG strategy including board diversity, experience and independence and governance profile.
At Equitable, the company's ESG framework is under the direction of the company's ESG Steering Committee and overseen by an Executive Sponsor who reports to the Chief Executive Officer. Equitable's ESG Steering Committee is comprised of leaders from across the organization who help ensure the strategy is on target and commitments are met. This model reflects the company's belief that those who run its biggest systems should have a seat at the table to drive decision making and proactively identify ESG-related risks and opportunities. The Head of ESG Strategy and Operations sits at the heart of its ESG operating model and collaborates closely with Equitable's ESG Executive Sponsors and the ESG Steering Committee members to help build, grow and evolve the company's ESG strategy to deliver on its commitments.
AB has created a robust governance structure to oversee corporate responsibility, responsible investing and climate-related activities. AB's oversight of climate risk involves a multi-layered governance model that extends upward from the investment and operational teams through AB's Risk Management team and Operating Committee and ultimately to the Board of Directors, via AB's Audit and Risk Committee. In 2020, AB's Board of Directors and CEO established the position of Chief Responsibility Officer (CRO) and the Responsibility Strategic Business Unit (SBU) to increase focus on and augment capabilities in this area. Since establishing this supervisory structure, AB's diverse group of committees and SBUs have continued to evolve their response to the development, implementation and oversight of AB's climate approach.