Provide detailed information regarding the integration of sustainability-related performance metrics within the incentive schemes and remuneration policies applicable to members of your administrative, management, and supervisory bodies. Specifically, disclose whether and how these metrics are utilized as performance benchmarks or incorporated into remuneration policies.

Question

Accepted Answer

The STI and LTI of MB members includes an ESG component since 2017, in line with the Group’s Better Places roadmap. In summer 2023, under the guidance of the GNRC and in full alignment with the 2023 Remuneration Policy, it was agreed to review the ESG components of STI and LTI in 2024 so that the weighting of ESG metrics in MB STI and LTI reflect both market practice and the Company’s leadership on and commitment to sustainability, and to review the Group’s metrics used in light of the evolution of Better Places to support the environmental transition of cities and retail, as announced on October 10, 2023.

Unibail-Rodamco-Westfield

ESRS disclosure: GOV-3_04

Tags Tree