Dentsply Sirona’s Board of Directors (the "Board") has oversight of the Company’s sustainability strategy.
The Corporate Governance and Nominating Committee of the Board oversees the management of risks related to our environmental and governance practices, and coordinates with the Human Resources Committee to manage risks related to our social practices. Additionally, the Audit and Finance Committee of the Board oversees and assesses risks related to the Company with respect to cyber security and data privacy matters.
We have a robust process in place for identifying, assessing, and responding to climate-related risks and opportunities. The Board schedules periodic reviews of all Enterprise Risk Management topics, including Business Continuity Planning. Our Chief Supply Chain Officer is directly responsible for reporting to the Board on all topics impacting business continuity, which include supplier failure associated with climate-related risks. Written objectives and performance relative to those objectives are provided to the Board for regular review.
Climate-related issues were addressed in 2020 relative to establishing a full, global GHG inventory, environmental auditing, becoming informed, understanding climate-related risks to the supply chain, and monitoring for climate-related regulatory impact.
Our Environment Social Governance (ESG) committee, led by our CFO and reporting to the Corporate Governance and Nominating Committee, is responsible for developing and overseeing the implementation of our Company-wide sustainability strategy, and ensuring our business processes and practices, including decision making, take ESG factors into account. The committee is composed of executive leadership and multidisciplinary management-level subject matter experts from Supply Chain, Operations, Employee Health and Safety (EHS), Legal, Human Resources, Investor Relations, Finance, and Communications.
The Committee develops the necessary internal controls, data management, and frameworks for our ESG strategy and disclosure efforts. Working closely alongside our Corporate Governance and Nominating Committee and Human Resources Committee, the ESG committee oversees all sustainability-related implementation plans and looks forward to discussing progress soon. The ESG Committee membership includes 50% women and 12.5% members of ethnically diverse groups.