Williams Cos Inc/The

In his role, Cravins will be responsible for enhancing Williams' relationships with key state and federal policymakers and lawmakers. In addition, he will set the strategic direction and objectives for Williams Government Affairs and Outreach teams, ensuring the integration of business priorities in Williams' policies and positions. [...] Reporting directly to Cravins, Bowman leads Williams' in-house government affairs team and directs the activities of external consultants, while also proactively partnering with operations leaders on project development to ensure Williams is positioned to deliver on its commitments. She will partner with Wilson and Cravins to further the voice of Natural Allies for a Clean Energy Future, a bipartisan coalition that promotes the vital role of natural gas in our nation's economic, security and climate leadership.

Williams' state government and regulatory affairs team engages with policymakers and other government stakeholders at the state and local levels to determine actions relative to our policy and regulatory agenda. We continue to take a bipartisan approach in our public policy outreach. In 2022, Williams presented on energy issues at both Democratic and Republican Governors Association meetings. Additionally, we continued using our comprehensive stakeholder management system to enhance our bipartisan engagement through newsletters and other corporate communications. This system allows us to better track support for the company initiatives that we implement. [...] Our governance and sustainability committee reviews our political contributions at least annually. [...] We ensure our political actions and contract lobbyists comply with all applicable lobbying registration requirements. The Center for Political Accountability's CPA-Zicklin Index measures political disclosure and accountability policies and practices for election-related spending by S&P 500 companies. In 2022, Williams was recognized as a "Trendsetter Company," scoring over 90% on this comprehensive rating index for the fourth consecutive year. [...] We provide a link on our website to the Office of the Clerk for the U.S. House of Representatives, where our federal disclosures for lobbying activities are available, including our aggregate spending for lobbying and payments to lobbying service providers. Also included on our website are yearly political corporate contribution reports and reports of corporate fund expenditures to trade associations. [...] Williams discloses all expenditures of corporate funds used for nondeductible lobbying and political spending on our website.

The Environmental, Health and Safety (EHS) Committee of the BOD has oversight responsibilities regarding the Company's management of environmental, health and safety matters, including compliance with applicable laws and regulations. The EHS Committee reviews, monitors and reports to the BOD on the performance and activities on EHS matters and provides oversight to the company's environmental practices to ensure compliance with applicable legal and regulatory requirements. [...] Additionally, the Governance and Sustainability Committee of the BOD oversees the formulation of Williams' ESG strategy and policies, which may include issues pertaining to biodiversity.

Executive oversight of community engagement is the responsibility of our Vice President of Communications and Corporate Social Responsibility, and our Vice President of Government Affairs and Public Outreach. In the communities where Williams has expansion projects, we employ specialized consulting services to develop distinct outreach and stakeholder engagement plans to help us better engage with distinct community members and groups. [...] Williams executives actively engage in meetings with stakeholder organizations and elected officials and participate in community events that enhance public knowledge of our projects and perception of Williams.

Williams takes a bipartisan approach to our political contributions to support advancing our business and industry interests, including topics related to energy infrastructure modernization and permitting, hydrogen policy and hydrogen tax incentives. Before Williams contributes to candidate campaigns, our legal department reviews proposed contributions to confirm legal and regulatory compliance. Our governance and sustainability committee reviews our political contributions at least annually. [...] We ensure our political actions and contract lobbyists comply with all applicable lobbying registration requirements. The Center for Political Accountability's CPA-Zicklin Index measures political disclosure and accountability policies and practices for election-related spending by S&P 500 companies. In 2022, Williams was recognized as a "Trendsetter Company," scoring over 90% on this comprehensive rating index for the fourth consecutive year. [...] [We provide a link on our website to the Office of the](https://www.williams.com/our-company/corporate-governance/) Clerk for the U.S. House of Representatives, where our federal disclosures for lobbying activities are available, including our aggregate spending for lobbying and payments to lobbying service providers. Also included on our website are yearly political corporate contribution reports and reports of corporate fund expenditures to trade associations.

#### Sustainability Governance

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**BOARD OVERSIGHT**

- Oversees our board composition, for which we consider - Oversees integration of ESG into our corporate strategy
candidates of diverse gender, ethnicity and race

- Reviews our annual sustainability report prior to publication

- Oversees the management of top strategic, operational, financial
and reporting risks, which may include ESG-related risks

**STANDING COMMITTEE ESG-RELATED OVERSIGHT**

**Audit committee** **Environmental, health & safety committee**

- Discusses management policies related to risk assessment and - Reviews and monitors Williams' environmental, health and safety
risk management and steps taken to monitor and control activities, efforts to create a culture of continuous improvement in
exposures, which may include discussion of climate-related risks Williams' environmental, health and safety practices and efforts

to develop and effectively implement environmental, health and

- Oversees the numerical integrity of ESG disclosures in SEC safety systems, programs and policies as well as ESG-related
filings and the sustainability report compensation metrics

**Compensation & management development committee** - Reviews critical incidents regarding the company's assets

- Oversees and approves the executive compensation philosophy, or operations and oversees management's monitoring and
policies and programs that align the interest of our executives enforcement of policies to protect the health and safety
with our shareholders of employees, contractors, customers, the public and

the environment

- Advises on elements of human capital management, including
annual reviews of D&I initiatives, succession planning and - Shares oversight with the compensation and management
management's efforts to increase diverse representation across development committee for employee health and development
recruiting, retention and career development

**Governance & sustainability committee**

- Shares oversight with the environmental, health and safety - Oversees ESG policies and strategy, including matters that may
committee for employee health and development arise due to climate change and energy transition, and reviews

emerging issues, trends, major legislative and regulatory
developments, stakeholder engagement or other public policy
matters related to ESG that may affect business operations,
material financial performance or Williams' reputation

- Receives progress updates on the development of our
sustainability report during regularly scheduled committee meetings

**MANAGEMENT OVERSIGHT**

- Establishes a process to see that accountability for ESG - Oversees the Williams Integrated Management System (WIMS),
performance cascades across the organization which contains operating requirements, project standards and

policies to drive integrated ESG practices into our operations.

- Identifies ESG-related risks and opportunities and creates WIMS applies to all employees, contractors, operations, assets,
processes and procedures to mitigate these risks projects and offices

Williams' state government and regulatory affairs team engages with policymakers and other government stakeholders at the state and local levels on our policy and regulatory agenda. We continue to take a bipartisan approach in our public policy outreach. In 2021, Williams presented on energy issues at a Republican Governors Association meeting and participated in a Democratic Governors Association meeting. Additionally, we continued using our comprehensive stakeholder management system to enhance our bipartisan engagement through newsletters and other corporate communications. This system allowed us to better track support for the company initiatives that we implemented.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]To integrate consistent environmental, social, and governance (ESG) strategy including climate change across the organization, Williams has an ESG Director. Because these responsibilities tie directly to our investor relations, the ESG Director reports to Williams' Vice President of Investor Relations & ESG. The Vice President of Investor Relations & ESG reports to the SVP & Chief Financial Officer who then reports to the CEO. This clear chain of command ensures that our climate-engagement strategy aligns with shareholder considerations across the organization.

Williams' growth depends on continued support for energy infrastructure expansion in North America. Government policies at the federal, state and local level affect our existing operations and future project plans. Williams works with government stakeholders and regulatory agencies at the federal, state and local levels on policies that impact our current and future operations. To ensure consistency in our political engagement activities, Our Government Affairs and Outreach team oversees our education of policymakers and other government stakeholders on our projects and policy positions.

We have proven experience working with regulators, policymakers and stakeholders to minimize risk in order to build the critical infrastructure needed to fuel our clean energy economy. Our dialogue with shareholders allows us to align with shareholder expectations while creating a uniform response across the company. Members of our executive management team attend investor conferences, conference calls, question and answer sessions and non-deal roadshows. During such meetings, management may discuss Williams' strategy, operations, ESG efforts, financial performance as well as broader energy industry topics and trends. The investor relations team at Williams also shares these same key messages with the financial community throughout the year via phone calls, video calls and email correspondence.

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