35 2024 Integrated Report Company and Strategy Corporate Information Businesses Enablers The Legal and Compliance & Ethics teams play a critical role by providing the counsel needed for our business to deliver commercial certainty while maintaining the highest legal standards. COMMERCIAL CERTAINTY To maintain commercial certainty for the organization and our clients, the Legal team closely collaborates with Pursuit teams throughout the bid and award process. Working together, we ensure contracts are structured for minimal risk to the company’s financial and operational interests, while providing client certainty. This includes close alignment with Pursuit teams when drafting and negotiating contracts as well as preemptively training Fluor’s Sales team on the fundamentals of contractual terms. When Legal and Sales are fully aligned, our pursuit efforts minimize risk to the organization, maintain clarity for all parties and foster stronger, trust-based relationships with our clients. PREPARING FOR THE FUTURE In 2024, we began preparing to report our compliance with the European Union’s Corporate Sustainability Reporting Directive (CSRD). The adoption of CSRD, along with other upcoming requirements and regulations such as climate disclosure laws in California and Australia, marks a major change in environmental and sustainability reporting. We are collaborating with our clients as we both prepare for these new reporting obligations. SPOTLIGHT Commercial Term Adherence SPOTLIGHT Compliance & Ethics Survey By focusing on commercial certainty and the strict adherence to deal terms, we helped an advanced manufacturing client create safer, more efficient warehouse job sites. Our expertise in layout optimization, construction management and installation methods enabled quality execution and helped reduce risks. Through collaboration and innovation, we supported this industry leader with meeting time-to-market goals. As part of our commitment to monitor and improve Fluor’s culture of compliance and ethics continuously, we conducted an ethics culture survey in 2024. The survey assessed key attributes of a compliance culture, including our employees’ perceptions of ethics, comfort speaking up, clarity of expectations, observations of misconduct and the impact of the compliance program. Overall, compared to our 2021 results, we saw a favorable response across all categories. The results of the survey will be used to identify focus areas where we can continue to improve in 2025. Panel discussion // Scottsdale, Arizona, United States Our Compliance & Ethics team surveyed employees in 2024 // Aliso Viejo, California, United States Kevin Hammonds Executive Vice President, Chief Legal Officer* * In August 2024, Kevin Hammonds assumed the role of Chief Legal Officer, succeeding John Reynolds, who will retire in May 2025. Kevin will assume the role of Company Secretary on April 30, 2025.
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