Our strong governance framework creates long-term value for our shareholders and guides decision making around how we operate, innovate, and drive growth. This governance framework starts with Wabtec's Board of Directors and its committees who oversee the execution of the company's environmental, social, and governance (ESG) strategy as part of their oversight of Wabtec's overall business, and extends to Wabtec's Sustainability Task Force — a dedicated team with overall responsibility for the company's sustainability strategy. In particular, the company's Nominating and Governance Committee assists the Board in its oversight of Wabtec's sustainability strategy and execution against ESG goals; review of climate-related risks and opportunities; enterprise risk strategy and management systems; environmental, health, and safety matters; and public policy and advocacy efforts. [...] Strategic decisions about particular advocacy positions are made at the highest levels and public policy expenditures are reviewed annually by the Board of Directors. Wabtec does not make political contributions, and we do not have a political action committee. Furthermore, we comply with all regulations, registration, and reporting requirements applicable to advocacy.