Unibail-Rodamco-Westfield
ESRS disclosure: S1-2_01
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- Does the undertaking disclose whether and how the perspectives of its own workforce inform its decisions or activities aimed at managing actual and potential impacts on its workforce? Include, where relevant, an explanation of the processes for engaging with the workforce and workers' representatives about these impacts.
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Question Id: S1-2_01
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.
Report Date: 4Q2023Relevance: 85%