AbbVie Inc

AbbVie's Board of Directors and its Public Policy and Sustainability Committee provide oversight on matters related to climate-related risks and strategies, with annual updates from executive management on environmental strategy, action plans, objectives, and progress against established sustainability goals. [...] AbbVie maintains an established governance process for oversight and management of our climate and environmental sustainability efforts. AbbVie's Public Policy and Sustainability Committee provide oversight on matters related to climate-related risks and strategies, with annual updates from executive management on environmental strategy, action plans, objectives, and progress against established sustainability goals. The Board of Directors also oversees the enterprise risk management review as well as Named Executive Officer (NEO) compensation with regards to ESG goals.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Our climate change strategy is established and communicated as our Corporate Energy Policy. Our policy states that we will take steps to reduce carbon emissions through the efficient use of energy in developing and delivering our products, as well as engaging where there is the opportunity to influence or impact our use, procurement or conservation of energy. AbbVie does not have a documented public commitment for our engagement activities to ensure that they are in line with the goals of the Paris Agreement. However, in 2021, we enhanced our ESG oversight and governance with the establishment of an ESG Council. The ESG Council ensures strategic, enterprise-aligned delivery on AbbVie's ESG Framework. Chaired by our Vice Chairman, External Affairs and Chief Legal Officer and composed of senior cross functional leaders, the ESG Council's purpose is to champion business sustainability and mitigate business risks by monitoring, reviewing and recommending actions in support of our ESG framework and strategy. The ESG Council meets at minimum once per quarter and maintains sub-committees aligned to AbbVie's material topics which included Environmental Sustainability. This council would have oversight and decision making ability in a situation where engagement with a trade associate may not align with the goals of the Paris Agreement.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]No, and we do not plan to have one in the next two years