Unibail-Rodamco-Westfield
ESRS disclosure: S1-2_03
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- Provide a detailed account of the processes your organization employs to engage with its own workforce and workers' representatives concerning the impacts on them. Specify whether and how the perspectives of your workforce influence decisions or activities related to managing actual and potential impacts. Include an explanation of the stages at which engagement occurs, the type of engagement, and the frequency of such engagement.
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Question Id: S1-2_03
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: 80%