Unibail-Rodamco-Westfield
ESRS disclosure: GOV-5_05
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- Provide a detailed account of the periodic reporting of findings from risk assessments and internal controls over sustainability reporting to the administrative, management, and supervisory bodies, as outlined in Disclosure Requirement GOV–5.
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Question Id: GOV-5_05
Sustainability is a core component of URW’s strategy and is at the heart of the Group business model. Sustainability topics are addressed at the SB level in plenary sessions, given its importance and the willingness to associate all SB members in these discussions. Sustainability updates are shared before each SB meeting, and ESG is discussed in depth throughout the year in the presence of the MB and the Group Director of Sustainability, including during the annual strategic seminar, the onboarding programmes of both the SB and MB, and as often as necessary during trainings. In 2023, the SB and the MB respectively met 6 and 12 times to discuss topics linked to the Better Places roadmap. In 2023, the SB dedicated half a day to a sustainability roadmap workshop where the SB and the MB discussed (i) URW’s ambition to embed sustainability at the core of its business model, (ii) sustainability performance against existing targets as well as credential to lead the environment transition, (iii) ongoing transformation and concrete achievements, (iv) the key building blocks of the updated Better Places roadmap and (v) Group sustainability organisation and governance.
Report Date: 4Q2023Relevance: 60%