A Message from Board Chair James S. Turley: Delivering on ESG Commitments

Dear Stakeholders,

As we look back on Emerson’s 2022 fiscal year and 2023 so far, the Board of Directors is proud of the incredible progress Emerson has made toward its ESG commitments.

We take our role as stewards of Emerson’s ESG and diversity, equity and inclusion priorities seriously, and we work actively with Emerson’s management team to diligently track progress and ensure accountability. In support of this, we introduced new leadership compensation programs that are metrics-based both on financial and ESG targets: GHG emissions reductions and diversity targets (women and U.S. minorities in leadership).

We will continue to consider ESG priorities in total compensation discussions and programs. Further, the Board is committed to ongoing refreshment efforts and — following the addition of two new directors in May 2023 — is now comprised of 31% women and 46% women or persons of color. Additionally, two out of three required committees are led by women.

We also introduced a new Board committee — the Technology and Environmental Sustainability Committee — tasked with overseeing the strategy related to technology and R&D and the Company’s product cybersecurity practices, and guiding Emerson’s environmental sustainability goals and programs.

While we are proud of Emerson’s progress, we are even more energized by Emerson’s future opportunities. We are focused on ESG. We are cultivating an inclusive, growth-oriented culture. And we are maintaining our focus on operational excellence. We are ready for the next chapter.

Sincerely,
James Turley
Chair, Emerson Board of Directors