URW is committed to upholding the highest standards of human rights and labor rights protections, ensuring that every individual within URW's sphere of influence is treated with dignity and respect. URW complies with the core conventions and labor standards set by the ILO and is aligned with the OECD Guidelines for Multinational Enterprises. Specific frameworks set up by the Group define and manage additional rules that reinforce employee rights and endorse respect and ethical conduct in business dealings. Internal procedures are in place to anticipate, identify, and prevent any infringement on employees' human rights and freedoms. These include, for instance, clear rules against any form of discrimination along with anti-harassment and anti-bullying practices including a whistleblowing hotline accessible 24/7 to all employees. URW prohibits any form of forced labor or child labor in any part of its business operations or supply chain, with dedicated due diligence mechanisms. Regular audits and continuous improvement efforts across the Group's supply chain demonstrate indeed URW's dedication to transparency and ethical labor practices.

The sustainability ambition of the Group is embedded across all newcomer programmes, including the URW Fundamentals experience as well as the onboarding path. URW Fundamentals includes an internally-created gamified sustainability workshop where employees learn how to reframe real estate development from a sustainability standpoint. The onboarding path includes Climate Fresk workshops and digital sustainability modules; this curriculum continues to be deployed to all newcomers across the Group. In addition, dedicated technical training is offered to all relevant staff members, covering topics such as sustainable consumption, carbon neutrality and sustainable development. In June 2023, the Group launched its second global Learning Week, which included an opportunity for employees to deepen their understanding of sustainable urban regeneration with a keynote hosted by an external expert and urban strategy leader; approximately 250 employees participated. Regional Learning Week initiatives included trainings to highlight the impact of carbon emissions on key departments, such as mobility and digital trends. In September 2023, URW hosted a Leadership Working Session for the Group’s senior manager population. This full day of training focused on the Better Places roadmap, with a focus on the Better Places certification, Sustainable Retail Index, social impact and carbon neutrality. The programme is being replicated in every country, for all employees. In 2023, 683 employees participated in a 1-day “Building Tomorrow Together” sustainable roadshow.

URW is committed to upholding the highest standards of human rights and labor rights protections, ensuring that every individual within URW's sphere of influence is treated with dignity and respect. URW complies with the core conventions and labor standards set by the ILO and is aligned with the OECD Guidelines for Multinational Enterprises. Specific frameworks set up by the Group define and manage additional rules that reinforce employee rights and endorse respect and ethical conduct in business dealings. Internal procedures are in place to anticipate, identify, and prevent any infringement on employees' human rights and freedoms. These include, for instance, clear rules against any form of discrimination along with anti-harassment and anti-bullying practices including a whistleblowing hotline accessible 24/7 to all employees. URW prohibits any form of forced labor or child labor in any part of its business operations or supply chain, with dedicated due diligence mechanisms. Regular audits and continuous improvement efforts across the Group's supply chain demonstrate indeed URW's dedication to transparency and ethical labor practices.

URW has a European representative body since 2009, the European Employees Committee (“EEC”). The EEC meets at least twice a year and is provided annually with information regarding the market at large and the Group’s economic situation (presentation of the Group’s financial results, development and investment projects, etc.) and the Group’s strategy, strategic transactions, sustainability roadmap, and working conditions. This body is also a forum for the exchange of best practices within countries. The committee also discusses all issues regarding the Group’s employees with implication at EU Level. Through workshops, it regularly contributes to the exchange of best practices related to employment issues. Although the Company is not subject to the legal obligations regarding employee representation on the SB, the Group is committed to employee dialogue and works with employee representatives. In addition, since 2009, the EEC has received information regarding the Group’s economic situation and has discussed all issues regarding the Group’s employees.

The Group Employee Pulse Survey is a valuable tool for URW to gauge the sentiment of its employees and identify areas for improvement. 80% of employees participated in the survey in 2023, providing feedback on various topics such as well-being support and improving ways of working. The survey results are analysed to identify trends and areas of concern. For example, if the survey reveals a decrease in employee well-being, URW can investigate the causes and implement corrective actions. These might include introducing new wellness programmes, providing additional resources for mental health, or making changes to the work environment.

The increase in positive sentiment toward well-being at URW by 5% from 2022 to 2023 indicates that the actions taken by URW in response to previous survey results have been effective. This continuous feedback loop allows URW to continually adapt and improve its approach to employee well-being. In this way, the Employee Pulse Survey serves as one of the key instruments for URW to adopt corrective actions and enhance its well-being approach for its employees. It ensures that the voices of employees are heard and that their feedback is actively considered for the improvement of the workplace.

In 2023, there have been no incidents, complaints or severe human rights impacts within URW’s operations and workforce. URW will strive to continuously strengthen its internal prevention and mechanisms and commitment to human rights. The Group operates in geographies such as the European Union, the UK and the US, which offer strict human rights protections. These jurisdictions have stringent regulations and standards that the Group adheres to, ensuring the rights of all individuals involved in its operations are respected and protected. URW’s proactive approach and adherence to these high standards, complemented by URW’s Human Rights Policy and Anti-Slavery and Human Trafficking Policy, have enabled the Group to maintain a robust human rights record.

In 2023, there have been no incidents, complaints or severe human rights impacts within URW’s operations and workforce. URW will strive to continuously strengthen its internal prevention and mechanisms and commitment to human rights. The Group operates in geographies such as the European Union, the UK and the US, which offer strict human rights protections. These jurisdictions have stringent regulations and standards that the Group adheres to, ensuring the rights of all individuals involved in its operations are respected and protected. URW’s proactive approach and adherence to these high standards, complemented by URW’s Human Rights Policy and Anti-Slavery and Human Trafficking Policy, have enabled the Group to maintain a robust human rights record.

In 2023, there have been no incidents, complaints or severe human rights impacts within URW’s operations and workforce. URW will strive to continuously strengthen its internal prevention and mechanisms and commitment to human rights. The Group operates in geographies such as the European Union, the UK and the US, which offer strict human rights protections. These jurisdictions have stringent regulations and standards that the Group adheres to, ensuring the rights of all individuals involved in its operations are respected and protected. URW’s proactive approach and adherence to these high standards, complemented by URW’s Human Rights Policy and Anti-Slavery and Human Trafficking Policy, have enabled the Group to maintain a robust human rights record.

The Group has 2,631 employees as of December 31, 2023. The breakdown by country for countries with 50 or more employees representing at least 10% of the total workforce is as follows:

• France: 1,008 employees
• Germany: 433 employees
• USA: 438 employees

The breakdown by gender is:

• Male: 1,205
• Female: 1,426
• Other: 0
• Not reported: 0