We have long recognized the importance of sustainability issues and have developed an integrated and transparent approach to related oversight, management, measurement and reporting. We believe we are making progress, but we continue to look to best practices within and outside our industry as we refine and strengthen our approach.
We periodically conduct sustainability-focused materiality assessment processes that serve as the foundation of our analysis of areas of sustainability risk and opportunity to identify priority sustainability issues. Our most recent process took place in 2023. Through ongoing engagement across our company and with a broad range of external stakeholders, we annually validate and, as needed, refine our assessment based on the input we receive and changes in our operating environment.