Good ethics is good business is a belief that has guided our improvements in social and environmental performance over the years and has inspired us to continue to take steps forward in our approach to sustainability, transparency, and accountability. We have a long history of conducting business in a responsible manner, and we are dedicated to upholding a values-based culture. Among our core values is a statement professed by our late founder Ely Callaway, who believed that “good ethics is good business.” This belief has guided our improvements in social and environmental performance over the years and has inspired us to continue to take steps forward in our approach to sustainability, transparency, and accountability. We have committed to publishing a bi-annual Sustainability Report, which will improve transparency in our business and aid us in our future sustainability efforts. Our corporate culture starts with our people. They define us as a company and as an industry leader. As an expanding global company, we recognize the impact our business has on people around the world. That is why we have made People a fundamental part of our commitment to sustainability. Every day, we strive to promote the health, well-being, and success of the people that comprise our company, our supply chain, and our communities around the globe. We recognize the importance of addressing climate change, reducing our energy and water consumption, and responsibly managing the waste we generate.