Our Board of Directors oversees Verizon’s strategic planning and execution, risk management, capital deployment, responsible business practices and human capital management with the assistance of four standing committees composed solely of independent Directors. An independent Lead Director shares governance responsibilities with the Chairman and CEO and facilitates forthright communication and effective independent oversight of management’s performance. We recognize that climate change poses a serious threat to society and may impact how we operate our business and networks both today and in the future. Climate-related risks can include transition risks relating to potential market and policy changes resulting from the transition to a low-carbon economy and physical risks, such as extreme weather and long-term changes in climate. We have set long-term goals and interim targets to address climate-related risks. Delivering on Verizon’s corporate purpose to create the networks that move the world forward for all takes more than the best technology; it takes the best people. Verizon’s global network of approximately 118,000 employees is one of our most valuable assets. We leverage dedicated expertise as well as existing sustainability, ESG and human rights frameworks in order to build governance structures and escalation paths that inform business decision-making. We endeavor to provide a clear view of impacts from a financial and non-financial perspective and to identify where our business can align with broader societal goals. In so doing, we are building ESG considerations into the DNA of our company. Finance Committee: • Capital allocation strategy • Green finance strategy • Renewable energy exposure. Our management councils operate using a year-round planning and execution process. This process unites strategy development, financial planning and budgeting, talent management and execution to make sure that each organization is coordinated as it implements Verizon’s strategy. We use scorecards to track key performance in the execution of individual initiatives and then compile them into one corporate-wide scorecard to inform strategic decision-making for the coming year. The corporate-wide scorecard includes key performance measures for our operational net zero goal, employee engagement and DEI initiatives.