Environmental, social and governance (ESG) performance is important to Zillow’s stakeholders and contributes to the long-term sustainable growth of our business. Over the past year, we took several steps in advancing how we align and govern our ESG initiatives. We established a Corporate Social Responsibility function, led by our vice president of Corporate Social Responsibility. In the past, several teams have been responsible for the work related to ESG initiatives. Moving forward, this new function will enable us to ensure we have greater focus and clarity regarding ESG strategies, risks and opportunities. In addition, we formed an executive-level ESG committee to provide increased oversight of company-wide initiatives. The committee is responsible for setting and reviewing priorities and progress of the company’s ESG initiatives as well as ensuring implementation, coordination and alignment throughout the company. The committee meets at least once per quarter and will report regularly to the Zillow board of directors’ Nominating and Governance Committee, which oversees ESG strategy, risks and activities. In 2021, Zillow also established an Enterprise Risk Management function, led by our vice president of Risk Management. To ensure alignment on risk management priorities and resources, we established the Executive Risk Forum, which serves as a steering committee to proactively identify, prioritize and assess the key risks associated with our mission and objectives; monitor exposure to ensure that we are operating within defined and agreed-upon tolerance levels for our key risks; and make certain that risk management strategies are in place to respond to our key risks efficiently and effectively. The forum meets quarterly, and its activities are overseen by the board of directors’ Audit Committee. In 2022, the groups in charge of enterprise risk management and corporate social responsibility will be working collaboratively to assess and manage ESG risks, including climate-related risks.