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Martin Marietta Materials Inc

ISIN: US573284AG13 | United States | North America
Score 2 - Moderate
Full assessment

Martin Marietta Materials has a structured governance framework overseeing its political and lobbying activities, including climate-related considerations, with the Finance Committee - "comprised exclusively of independent directors" - setting spending caps, overseeing expenditures, and reporting to the full Board, while "all political expenditures are reviewed by our Chief Financial Officer ... and final authorization is required from the Chief Executive Officer or an authorized delegate." The company conducts only indirect climate lobbying, noting that "we periodically review positions taken by the trade associations of which we are a member and are not aware of any recent lobbying efforts that are inconsistent with the Paris Agreement," and that "membership and positions are governed directly by the Company's executive management team, who also provide reports regarding the Company's activities to the Board of Directors." However, "Martin Marietta does not conduct ... any direct lobbying on climate change matters" and there is no dedicated climate-lobbying audit or third-party review, nor a public commitment to conduct engagement "in line with the goals of the Paris Agreement," given the response "No, and we do not plan to have one in the next two years."

This assessment is part of the Lobbying Governance Index, covering 8,500 companies scored on whether they have processes to oversee their climate lobbying. See all companies in North America or all companies in United States.