Unibail-Rodamco-Westfield
ESRS disclosure: ESRS ESRS 2
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- Provide the total number of executive members within the administrative, management, and supervisory bodies of the undertaking, as required under Disclosure Requirement GOV-1 concerning the composition and diversity of these bodies.
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Question Id: GOV-1_01
As of December 31, 2023, the Management Board ('MB') is composed of 5 members.
Report Date: 4Q2023Relevance: 90%
- Provide detailed information regarding the representation of employees and other workers within the administrative, management, and supervisory bodies of the undertaking, as required by Disclosure Requirement GOV-1.
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Question Id: GOV-1_03
The European Employee Committee ('EEC') also plays a role in the implementation of the Better Places roadmap, ensuring that employee representatives are adequately integrated into the overall governance as well as in the implementation of Better Places.
Report Date: 4Q2023Relevance: 60%
- Provide detailed information regarding the experience of members within the administrative, management, and supervisory bodies that is pertinent to the sectors, products, and geographic locations associated with the undertaking, as per Disclosure Requirement GOV-1.
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Question Id: GOV-1_04
90% (9/10) of the SB members have been qualified as ESG/Sustainability experts, with those specific skills (competencies in social, environment, climate and governance matters, and sustainability) being further developed in the biographies of the SB members.
Report Date: 4Q2023Relevance: 80%
- Provide detailed information regarding the identity of the administrative, management, and supervisory bodies, or the individual(s) within these bodies, who are responsible for overseeing impacts, risks, and opportunities. This disclosure should encompass the roles and responsibilities of these entities as outlined in Disclosure Requirement GOV-1.
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Question Id: GOV-1_08
In addition to overseeing the Human Resources, Sustainability and Information Technology departments, Sylvain Montcouquiol, the Chief Sustainability and Resources Officer, supervises the implementation of the Better Places roadmap (Environmental Transition, Sustainable Experiences and Thriving Communities).
Report Date: 4Q2023Relevance: 60%
- Provide a detailed account of the roles and responsibilities of the administrative, management, and supervisory bodies, specifically focusing on management's role in governance processes, controls, and procedures utilized to monitor, manage, and oversee impacts, risks, and opportunities.
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Question Id: GOV-1_10
The sustainability governance is structured around the following bodies: The Supervisory Board (SB), including its 2 committees (the Audit Committee (AC) and the Governance, Nomination and Remuneration Committee, GNRC), oversees the sustainability programme as part of its regular business, oversees and discusses the sustainability roadmap during its strategy sessions. The AC is provided with comprehensive information on sustainability matters. It oversees the sustainability reporting process, the effectiveness of internal control and risk management systems in relation to sustainability, and where appropriate, internal audits in relation to sustainability reporting. The GNRC oversees social and governance matters. This includes data on URW’s Diversity Policy, as well as social and governance practices, compliance, ethics and human resources. It regularly reviews and assesses the effectiveness of the actions in place, making necessary adjustments to enhance the Group’s performance. This approach ensures that social and governance matters are integrated into URW’s core business strategy, promoting long-term value creation for all stakeholders. The Management Board (MB) and the Executive Committee (EC) act as the Group Sustainability Steering Committee by defining the strategy and key Group policies, and by monitoring the implementation of the sustainability programme. They are responsible for advancing URW’s Better Places sustainability roadmap and they are actively involved in the decision-making process regarding sustainability initiatives, ensuring that the Group’s business operations align with its commitment to sustainable development. They report on progress and results to the SB. The MB and EC are chaired by the CEO.
Report Date: 4Q2023Relevance: 85%
- Provide a detailed account of the governance processes, controls, and procedures utilized by your administrative, management, and supervisory bodies to monitor, manage, and oversee impacts, risks, and opportunities. Specifically, describe management's role within these processes, indicating whether this role is delegated to a specific management-level position or committee. Additionally, elucidate on the mechanisms through which oversight is exercised over the designated position or committee.
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Question Id: GOV-1_11
The sustainability governance is structured around the following bodies: The Supervisory Board (SB), including its 2 committees (the Audit Committee (AC) and the Governance, Nomination and Remuneration Committee, GNRC), oversees the sustainability programme as part of its regular business, oversees and discusses the sustainability roadmap during its strategy sessions. The AC is provided with comprehensive information on sustainability matters. It oversees the sustainability reporting process, the effectiveness of internal control and risk management systems in relation to sustainability, and where appropriate, internal audits in relation to sustainability reporting. The GNRC oversees social and governance matters. This includes data on URW’s Diversity Policy, as well as social and governance practices, compliance, ethics and human resources. It regularly reviews and assesses the effectiveness of the actions in place, making necessary adjustments to enhance the Group’s performance. This approach ensures that social and governance matters are integrated into URW’s core business strategy, promoting long-term value creation for all stakeholders. The Management Board (MB) and the Executive Committee (EC) act as the Group Sustainability Steering Committee by defining the strategy and key Group policies, and by monitoring the implementation of the sustainability programme. They are responsible for advancing URW’s Better Places sustainability roadmap and they are actively involved in the decision-making process regarding sustainability initiatives, ensuring that the Group’s business operations align with its commitment to sustainable development. They report on progress and results to the SB. The MB and EC are chaired by the CEO.
Report Date: 4Q2023Relevance: 90%
- Provide a detailed account of the roles and responsibilities of the administrative, management, and supervisory bodies, specifically focusing on the governance processes, controls, and procedures utilized to monitor, manage, and oversee impacts, risks, and opportunities. Include comprehensive information regarding the reporting lines to these bodies.
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Question Id: GOV-1_12
The sustainability governance is structured around the following bodies: The Supervisory Board (SB), including its 2 committees (the Audit Committee (AC) and the Governance, Nomination and Remuneration Committee, GNRC), oversees the sustainability programme as part of its regular business, oversees and discusses the sustainability roadmap during its strategy sessions. The AC is provided with comprehensive information on sustainability matters. It oversees the sustainability reporting process, the effectiveness of internal control and risk management systems in relation to sustainability, and where appropriate, internal audits in relation to sustainability reporting. The GNRC oversees social and governance matters. This includes data on URW’s Diversity Policy, as well as social and governance practices, compliance, ethics and human resources. It regularly reviews and assesses the effectiveness of the actions in place, making necessary adjustments to enhance the Group’s performance. This approach ensures that social and governance matters are integrated into URW’s core business strategy, promoting long-term value creation for all stakeholders. The Management Board (MB) and the Executive Committee (EC) act as the Group Sustainability Steering Committee by defining the strategy and key Group policies, and by monitoring the implementation of the sustainability programme. They are responsible for advancing URW’s Better Places sustainability roadmap and they are actively involved in the decision-making process regarding sustainability initiatives, ensuring that the Group’s business operations align with its commitment to sustainable development. They report on progress and results to the SB. The MB and EC are chaired by the CEO.
Report Date: 4Q2023Relevance: 85%
- Provide a detailed account of the roles and responsibilities of your administrative, management, and supervisory bodies. Specifically, describe management's involvement in governance processes, controls, and procedures utilized to monitor, manage, and oversee impacts, risks, and opportunities. Include information on whether dedicated controls and procedures are employed for managing these aspects and, if applicable, explain how they are integrated with other internal functions.
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Question Id: GOV-1_13
The sustainability governance is structured around the following bodies: The Supervisory Board (SB), including its 2 committees (the Audit Committee (AC) and the Governance, Nomination and Remuneration Committee, GNRC), oversees the sustainability programme as part of its regular business, oversees and discusses the sustainability roadmap during its strategy sessions. The AC is provided with comprehensive information on sustainability matters. It oversees the sustainability reporting process, the effectiveness of internal control and risk management systems in relation to sustainability, and where appropriate, internal audits in relation to sustainability reporting. The GNRC oversees social and governance matters. This includes data on URW’s Diversity Policy, as well as social and governance practices, compliance, ethics and human resources. It regularly reviews and assesses the effectiveness of the actions in place, making necessary adjustments to enhance the Group’s performance. This approach ensures that social and governance matters are integrated into URW’s core business strategy, promoting long-term value creation for all stakeholders. The Management Board (MB) and the Executive Committee (EC) act as the Group Sustainability Steering Committee by defining the strategy and key Group policies, and by monitoring the implementation of the sustainability programme. They are responsible for advancing URW’s Better Places sustainability roadmap and they are actively involved in the decision-making process regarding sustainability initiatives, ensuring that the Group’s business operations align with its commitment to sustainable development. They report on progress and results to the SB. The MB and EC are chaired by the CEO.
Report Date: 4Q2023Relevance: 85%
- Provide a detailed account of the roles and responsibilities of the administrative, management, and supervisory bodies, including senior executive management, in overseeing the establishment of targets concerning material impacts, risks, and opportunities. Additionally, explain the mechanisms in place for monitoring progress towards these targets.
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Question Id: GOV-1_14
The sustainability governance is structured around the following bodies: The Supervisory Board (SB), including its 2 committees (the Audit Committee (AC) and the Governance, Nomination and Remuneration Committee, GNRC), oversees the sustainability programme as part of its regular business, oversees and discusses the sustainability roadmap during its strategy sessions. The AC is provided with comprehensive information on sustainability matters. It oversees the sustainability reporting process, the effectiveness of internal control and risk management systems in relation to sustainability, and where appropriate, internal audits in relation to sustainability reporting. The GNRC oversees social and governance matters. This includes data on URW’s Diversity Policy, as well as social and governance practices, compliance, ethics and human resources. It regularly reviews and assesses the effectiveness of the actions in place, making necessary adjustments to enhance the Group’s performance. This approach ensures that social and governance matters are integrated into URW’s core business strategy, promoting long-term value creation for all stakeholders. The Management Board (MB) and the Executive Committee (EC) act as the Group Sustainability Steering Committee by defining the strategy and key Group policies, and by monitoring the implementation of the sustainability programme. They are responsible for advancing URW’s Better Places sustainability roadmap and they are actively involved in the decision-making process regarding sustainability initiatives, ensuring that the Group’s business operations align with its commitment to sustainable development. They report on progress and results to the SB. The MB and EC are chaired by the CEO.
Report Date: 4Q2023Relevance: 90%
- Provide a detailed account of the methods employed by the administrative, management, and supervisory bodies to ascertain the availability or development of appropriate skills and expertise necessary for overseeing sustainability matters.
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Question Id: GOV-1_15
90% (9/10) of the SB members have been qualified as ESG/Sustainability experts, with those specific skills (competencies in social, environment, climate and governance matters, and sustainability) being further developed in the biographies of the SB members.
Report Date: 4Q2023Relevance: 60%