SUSTAINABILITY GOVERNANCE

Corporate Governance And Sustainability Sustainability Committee

Created in 2021, the SMI sustainability committee continues to drive the Company’s sustainability efforts, monitor progress, and create new opportunities for the company to expand sustainability practices. Overseen by President and CEO, Chris Dods, the sustainability committee is responsible for maintaining and implementing the sustainability plan focused on delivering meaningful changes to business initiatives connected to SMI’s material topics. The cross-functional sustainability committee was created to implement sustainability initiatives as well as track progress toward goals, targets, and aspirations. The committee is comprised of senior management across the organization, representing the following business functions: Human Resources, Finance, Environmental, Health and Safety (EHS), Communications, Quality, and Procurement.

Objectives

• Plan, execute, and manage sustainability initiatives

• Enhance organizational understanding of sustainability and ensure stakeholder buy-in through all levels of the company

SENIOR LEADERSHIP’S ROLE IN SUSTAINABILITY

SMI’s senior leadership team (SLT) functions as the company’s highest governance body and is comprised of a crossdisciplinary team of eight leaders who provide strategic and operational direction to the company. The SLT is responsible for the development, approval, and update of SMI’s purpose, value statement, mission statement, strategies, policies, and goals related to economic, environmental, and social topics.

The SLT is equipped to lead the Company into a sustainable future due to its vast background in material recycling, waste processing, business management, and sustainability. The SLT is selected and hired into strategic positions based on qualifications regarding education, prior experience, core competencies, and leadership ability. The team’s effectiveness is monitored by regular, internal, self-assessments.

Senior Vice President Of Sustainability And Corporate Affairs

To further drive the company’s commitment to sustainability a new position was created for the company: Senior Vice President of Sustainability and Corporate Affairs. The Company appointed its very own Laura Hennemann, who previously held Vice President of Marketing and Communications role during her six years with SMI. Before joining the company, Hennemann held positions with Harsco Environmental, a $1B division of Harsco Corporation (NYSE: HSC), supporting post-industrial by-product management and commercialization in 32 countries.

The Senior Vice President of Sustainability and Corporate Affairs leads the company’s sustainability, inbound material (supply), marketing & communications, and government affairs departments, reporting to President and CEO Chris Dods.