Page 115 - Vaculug Sustainable Report 2022

15.2 The aim of the guardians is to establish a unified view of ESG, increasing understanding of all three aspects, environmental, social and governance,
and to promote robust standards of corporate governance that integrate all these aspects for non- listed real estate vehicles. This will help the industry more effectively integrate ESG factors into the real estate investment decision-making process.
15.3 The key objectives of the guardians are to:
• Emphasise the importance of environmental measures, sustainability goalsand performance, at all levels of the business.
• Provide best practice on the structure, policies and regulations that impact the business
• Increase understanding and awareness
of corporate governance and social aspectsthat impact the industry.
• Implement and promote common and
workable standards of corporate governancefor the business.
16.MONITORING AND ENFORCEMENT
16.1 We seek to proactively prevent and mitigate instances of non-compliance with this ESG policy.
16.2 Any breaches or concerns, including ethical concerns or potential breaches in our commitment to high ethical standards should be reported as soon as possible through our whistleblowing channels.
16.3 Progress on this policy is reported to the Board on a regular basis. Active participation and engagement at all levels of the business is of great importance to ensure ownership of ESG by all staff. At minimum, we endeavour to maintain compliance with legislative requirements.
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