Content Sustainability governance Sustainability governance focuses on how an organization defines its management responsibility and oversight of sustainability activities and performance. This is an integral part of the overall corporate governance structure and supports the integration of sustainability considerations into business decision-making. Key recommendations Include a clear leadership commitment to sustainability in the report. Describe the highest sustainability decision-making authority and how it fits into the corporate governance structure, with clear reporting lines. Discuss meeting frequency and key decisions made by the board. Disclose executive remuneration tied to sustainability considerations. Disclose sustainability-related expertise of board members, including a discussion on training and the member selection process. Methodology notes Evidence of board-level involvement in sustainability decision-making. Disclosure of sustainability responsibilities attached to individuals from the board/executive committee. Clear evidence of sustainability integration in the board selection process, board expertise and training. Of the reports we reviewed: SLB SLB includes detailed disclosure on its corporate governance and the embedding of sustainability throughout its report. It clearly discloses board and committee responsibilities, board expertise, remuneration and sub-corporate details. While the description in the Sustainability Report 2024 is concise and focuses on board responsibility, it also links to and references additional disclosures where relevant information can be found. This includes governance webpages and the proxy statement. SLB describes its board responsibilities succinctly and includes details of some individual positions. For example, the responsibility for environmental management lies with the Vice President of Health, Safety and Environment (HSE). It details the composition, purpose, key responsibilities and an overview of meetings of five board-level committees via separate webpages for each committee and in the proxy statement. On SLB’s sustainability governance webpage, the focus is on the sustainability-related oversight of the board and its committees. For example, a New Energy and Innovation Committee is responsible for assessing the impact of the company’s growth opportunities and its investments, while the Nominating and Governance Committee tracks how SLB is progressing against its climate goals. In the proxy statement, SLB provides an overview of the board expertise for each member, sustainability-related training and the board selection process. For example, it highlights a recent board selection for expertise to help the company advance on its net-zero ambition. The proxy statement also details the executive compensation structure, including long- and short- term incentive programs. Sustainability performance ties to the short-term incentive program with a 10% weighting. Finally, SLB provides a narrative on sub-corporate groups – such as the SLB Empowerment Team, which promotes HSE, the cyber team and the internal audit team. % include a robust disclosure on sustainability governance, with clear reporting lines, board responsibilities, sustainability-related expertise and remuneration. 0 1 2 3 4 5 6 8 0 1 2 3 4 5 6 5