Summary Observations Regarding CVR's Campaign
CVR Underperforms on Multiple Governance Measures
Delek
US
CVR
Energy
Board
Independence
and
Diversity
7 of 8 directors are independent
Appointed 6 new independent directors since 2013,
including 3 since February 2019
Lead Independent Director and regular executive
sessions
Fully independent Board committees
Each director attended at least 95% of Board and
committee meetings on which he/she served in 2019
and 2020
✓ 25% of the Board is female, with goal of 30% diverse
directors by 2022
x
Failure to maintain majority independent board
* Only 1 new independent director added since 2013
×
No independent board leadership
× Non-independent directors sit on key board
committees
x
x
Deficient director attendance-director Hunter Gary
failed to attend at least 75% of board and committee
meetings during 2019
Only 12.5% of the board is female
Public sustainability report
✓ Discloses scope 1 and 2 greenhouse gas emissions data
Disclosed the carbon intensity (CI) of the company's
business operations
×
No publicly-disclosed sustainability report
ESG
Publishes policies regarding human rights, conflict
minerals, supplier social standards and DE&I
x
New Business Model Team that explores forward-
looking business ideas that align with the Paris Accord
and the International Energy Agency's Sustainable
Development Scenarios
×
Delek
Source: Public filings
US
No disclosure of scope 1 and 2 greenhouse gas
emissions data
No disclosure of the carbon intensity (CI) of the
company's business operations
No disclosed policies regarding human rights, conflict
minerals, supplier social standards and DE&I
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