Summit’s Board of Directors is composed of industry leaders and visionaries committed to our core principles and advancing sustainability initiatives.
We are proud that over 56% of our board members and more than 60% of our executive officers—including our CEO—are female, reflecting our commitment to diverse leadership and inclusive growth.
To ensure sound judgment and effective oversight of management practices, 8 of our 9 directors are independent, as defined by NYSE governance rules and our Corporate Governance Guidelines. This independence helps protect and create value for all our stakeholders.
In shaping board and committee composition, we consider a range of factors, including diversity of background, technical skills, age, and career experience. Our current directors bring a robust mix of expertise in operations, finance, materials, technology, supply chain, and investor relations. For more details on our Board of Directors, please see our Annual Report.
LEADERSHIP THAT EXTENDS TO THE LOCAL LEVEL
Our senior leadership team is accountable for ensuring that Summit meets its ESG priorities. Strategy and progress toward our ESG goals are discussed regularly at management meetings and are key topics at strategic sessions.
Our ESG Senior Management Team in 2023 was composed of
The following documents provide additional information on Summit’s board governance and corporate governance:
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With regards to reporting, Summit’s Audit Committee is responsible for oversight of our environmental, social and governance (ESG) reporting and disclosures (quantitative and qualitative) and related processes and controls, including conformity to Summit’s overall ESG strategy.
Sustainability is a core value at Summit, and we are deeply committed to our responsibilities to the lands and communities where we operate. Our management team actively oversees climate-related risks, focusing on safety, sustainability, finance, internal audits, and legal considerations. Additionally, each of our operations includes dedicated personnel responsible for ensuring compliance with environmental regulations.
Summit’s Enterprise Risk Committee (ERC) is dedicated to identifying and evaluating environmental and other risks, including compliance with environmental regulations. The ERC conducts regular, structured reviews of environmental risks and collaborates with key leaders across our operations to address them. Risk liaisons at operating sites and within Centers of Excellence—focused on commercial practices, processes, and capabilities—play a critical role in identifying, reporting, and mitigating risks for the ERC.
Summit’s Code of Business Conduct and Ethics applies to all of its officers, directors and employees and is posted here. The code of ethics addresses avoidance of conflicts of interest, protection of confidential information, compliance with applicable laws, rules and regulations, and adherence to good disclosure practices, among other items. The policy is a ‘‘code of ethics’’ as defined in Item 406(b) of Regulation S-K.
Our Governance and Sustainability Committee
We understand that strong environmental, social, and governance (ESG) performance is crucial for Summit’s long-term success and valued by our stakeholders. To support this, we established a Governance and Sustainability Committee responsible for overseeing our sustainability initiatives. This structure reinforces our commitment to integrating sustainable, responsible practices across all areas of our business. The committee’s charter includes the below:
Although Summit Materials, Inc. (“Summit,” or “Company”) believes that the
assumptions inherent in these forward-looking statements are reasonable, the reader
should not place undue reliance on these statements. Forward looking information is
prepared as of April 2, 2024. Please see our “Risk Factors” in Summit’s Annual Report
on Form 10-K as filed with the Securities and Exchange Commission and our
subsequent filings.
