Our corporate Sustainability policy establishes a standard approach for integrating sustainability practices across Lockheed Martin. Our sustainability management plan defines our goals and drives our sustainability progress.
To create the sustainability management plan, we first develop core sustainability issues through extensive engagement with internal and external stakeholders and an analysis of industry trends. The core issues ultimately selected for the sustainability management plan represent those most material to our stakeholders and our business. After the core issues are established, we work with internal stakeholders to create specific sustainability goals for which we track our performance. These goals can be retired and/or updated, if necessary, based on our progress and the changing needs of our business. We also continually monitor environmental, social and governance risks and opportunities to stay informed of shifting and emerging trends.
In 2020, we developed our 2025 Sustainability Management Plan to guide our sustainability efforts over the following five years and, for some efforts, longer. Our 2025 Sustainability Management Plan comprises four sustainability priorities that contain individual core issues and goals.