Committee and the full Board are also directly engaged with ESG risk areas through our ERM program described above. Sustainability risks, including physical risks related to climate change and risks related to transitioning to a lower carbon economy, are assessed through the ERM program and reviewed with the Audit Committee and the Board, in accordance with the ERM process outlined above. CORPORATE RESPONSIBILITY AND SUSTAINABILITY Textron is committed to being a responsible corporate citizen. Our corporate responsibility efforts include the following focus areas: Working to decrease the environmental impact of our business activities throughout our operations through a carefully developed fiveyear plan: Achieve 2025 Under this plan, for the period from 2020-2025, we will focus on achieving the following goals with respect to our operations: ● Reduce greenhouse gas emission intensity by 20%; ● Reduce energy use intensity by 10%; ● Reduce water use intensity by 10%; and ● Reduce waste generation intensity by 10%. Enhancing workplace safety and the health and well-being of our employees ● Our Global Environmental Health and Safety (EHS) Policies and Standards establish a management system framework, guided by an enterprise-wide EHS council, that includes goal setting, risk reduction, compliance auditing, and performance reporting throughout the enterprise. ● Our Achieve 2025 plan includes a five-year goal to reduce injury rates by 20%. ● Performance to the injury rate reduction goal is reported to senior leadership and the Audit Committee of the Board. Offering our employees opportunities to grow and develop their careers ● Our talent development programs are designed to prepare our employees at all levels to take on new career and growth opportunities at Textron. ● Leadership, professional and functional training courses are tailored for employees at each stage of their careers and include a mix of enterprise-wide and business unit-specific programs. ● The current and future talent needs of each of our businesses are assessed annually through a formal talent review process which enables us to develop leadership succession plans and provide our employees with potential new career opportunities. ● Leaders from functional areas within each business belong to enterprise-wide councils which review talent to enable us to match employees who are ready to assume significant leadership roles with opportunities that best fit their career paths, which may be in other businesses within the enterprise. Working to increase the diversity of our workforce and supporting inclusive workplaces ● Textron is committed to having a diverse workforce and inclusive workplaces throughout our global operations. We believe by employing highly talented, diverse employees, who feel valued, respected and are able to contribute fully, we will improve performance, innovation and collaboration and drive talent retention, all of which contribute to stronger business results and reinforce our reputation as leaders in our industries and communities. ● For over a decade, Textron has allocated five percent of annual incentive compensation for management-level employees toward achievement of diversity goals. Currently, these goals are specifically focused on hiring diversity as described in the CD&A. ● Textron annually posts its EEO-1 data on Textron.com. Each year we publish a Corporate Responsibility Report which highlights the actions we have taken during the past year in these and other environmental, social and governance focus areas. Beginning in 2022 with respect to the 2021 fiscal year, the Company provided disclosure in alignment with the Task Force on Climate-Related Financial Disclosures and the Sustainability Accounting Standards Board reporting frameworks. TEXTRON 2023 PROXY STATEMENT 15
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