41061 Unite AR22 HI-RES WEB-READY - Flipbook - Page 72
70
THE UNITE GROUP PLC | Annual Report and Financial Statements 2022
TASK FORCE ON CLIMATE-RELATED FINANCIAL DISCLOSURES continued
UNITE GROUP PLC BOARD
•
•
•
Ultimate responsibility for setting Group strategy, prioritisation and capital allocation
Provides rigorous challenge to management on target setting and performance
Ensures Group maintains an effective risk management framework, including climate-related risks and opportunities
INFORMING
REPORTING
The Board delegates specific climate matters to its Committees:
SUSTAINABILITY COMMITTEE
REMUNERATION COMMITTEE
AUDIT AND RISK COMMITTEE
•
•
•
•
3 meetings in 2022
•
•
5 meetings in 2022
•
Engages with shareholders to inform
target setting, including climaterelated objectives
•
Ensures climate risk and opportunities
are effectively identified, mitigated
and managed
•
Supports the Sustainability Strategy
by aligning remuneration and
incentive targets to the Strategy
•
Oversees preparation of the Group’s
financial disclosures and Annual
Report
•
4 meetings in 2022
Oversees development and
implementation of our Sustainability
Strategy and recommends any
changes to the Board
Reports progress to the Board
quarterly with input from across the
Group
•
Chaired by Dame Shirley Pearce with 3
Non-Executive Director members
•
Attended by Group Chair, CEO,
Investment and Sustainability
Director, Head of Sustainability,
Group People Director and Group
Communications Director
Chaired by Elizabeth McMeikan with 3
Non-Executive Director members
Chaired by Ross Paterson with 3 NonExecutive Director members
INFORMING
REPORTING
CHIEF EXECUTIVE AND EXECUTIVE COMMITTEE
The Chief Executive is responsible for climate risk, opportunities and implementing the Sustainability Strategy with support from the
Executive Committee. The Executive Committee reviews the annual business plan, and longer term Strategic Plan for the Group, which
covers all aspects of performance including climate risks and opportunities ahead of recommending it to the Board. On a monthly basis
the Executive Committee reviews actual and forecast performance, including climate-related performance as appropriate, taking action
to improve wherever necessary, and reports this progress to the Board.
INFORMING
REPORTING
PROPERTY LEADERSHIP TEAM
CUSTOMER LEADERSHIP TEAM
•
Chaired by the Group Property Director, responsible
for all property investment and divestment
•
Chaired by the Chief Customer Officer, responsible
for operating the investment property portfolio
•
Manages climate risk and opportunities in investment
decisions such as potential disposals of lower EPC rated
assets or mitigating flood risk on potential development sites
•
•
Tasked with reducing embodied carbon and improving
operational energy performance of developments in line with
our 2030 net zero carbon target
Manages climate risks and opportunities by ensuring
appropriate forward purchasing of utilities to meet
expected usage, investing in energy and carbon reduction
improvements to buildings and educating customers
to reduce usage
•
•
Manages sustainability investment performance against
budgets for the Group including consideration of climaterelated risks and issues in investment opportunities
Ensures plant is properly maintained to operate
at designed energy efficiency
•
Identifies opportunities to secure low carbon energy
through Power Purchase Agreements
•
Reviews detailed financial performance monthly relating
to climate risks, taking actions to mitigate variance from
approved budgets
INFORMING
REPORTING
ENERGY AND ENVIRONMENT TEAM
•
Led by the Head of Sustainability, a dedicated team
with operational responsibility for coordinating the
implementation of the Sustainability Strategy
•
Head of Sustainability regularly reports progress to the
Property and Customer Leadership Teams, Executive
Committee and attends Sustainability Committee meetings
•
Responsible for developing asset transition plans,
implementing energy and carbon reduction capital projects,
ensuring EPC and wider energy and climate-related
compliance, investment proposals, and reporting on climaterelated and sustainability performance
