2023 Sustainability Report
INTRODUCTION OUR CLIENTS OUR PLANET OUR PEOPLE AND COMMUNITIES OUR BUSINESS ACKNOWLEDGEMENTS ABOUT THIS REPORT APPENDICES
2023 SUSTAINABILITY REPORT | 68
Our Approach
Governance
Supply Chain Management
Ethics and Compliance Data Privacy and Security Stories of Progress
Risk Management The Enterprise Risk Management Program is structured to ensure that Cushman & Wakefield maintains a systematic, disciplined approach to identifying, evaluating and managing risks the organization may face. We conduct an annual Enterprise Risk Management assessment to review our global operations. This annual assessment includes input from our senior leaders to provide a holistic view of the organization and emerging and existing risks, including those related to compliance, financial reporting, operational, personnel, strategic and climate risks. The Enterprise Risk Management assessment is reported annually to the Audit Committee. The company also regularly reviews risks at various levels of the organization through other processes. For instance, the Risk Assurance Committee framework includes quarterly reviews at both the regional and global level. The regional Risk Assurance Committees evaluate and submit their top risks quarterly, including proposed action plans to monitor and mitigate the risk, for input from the global Risk Assurance Committee, which is made up of senior executive leadership. BOARD OVERSIGHT OF RISK MANAGEMENT The Board oversees enterprise-wide risk management to support our strategic objectives, improve our long-term organizational performance and enhance shareholder value. While the full Board maintains overarching responsibility for risk oversight, primary oversight of certain risks has been delegated to the Board committees. > The Audit Committee oversees our major financial risk exposures, cybersecurity risks, legal and compliance risks, and the steps our management has taken to monitor and control these exposures. > The Compensation Committee oversees the design and implementation of our compensation and benefits programs and policies. The Compensation Committee also assesses the relationship between risk management practices and compensation. > The Nominating and Corporate Governance Committee oversees our major corporate governance risks. See our 2023 Form 10-K for additional information on risks our business faces and our risk management.
Sustainability Governance The Board and its committees share responsibility for overseeing the sustainability strategies we deploy across the company. In 2023, we amended the committee charters to clarify the specific ESG oversight responsibilities assigned to the committees. ESG topics are now standing agenda items in all regularly scheduled meetings of the Nominating and Corporate Governance Committee.
Sustainability Oversight Structure
Board of Directors Shares responsibility for overseeing various ESG-related matters through its committees.
Nominating and Corporate Governance Committee > Monitors the development and implementation of ESG goals > Oversight of material topics
Audit Committee > Review ESG data, metrics and climate-related disclosures > Receives quarterly compliance updates on investigations and trends (and an annual deep dive on compliance program) > Internal controls
Compensation Committee > Monitors CEO and
executive compensation > Oversees compensation policies and incentive plans > Oversees benefit plans
Corporate ESG Program and Committee
Global Sustainability Working Group
> Role: Provides enterprise level coordination of ESG efforts through data collection, reporting, communications and initiatives > Leads: Cross functional group of experts across regions, service lines and business units > Executive Sponsors: Chief Marketing and Communications Officer; Chief Investment and Strategy Officer; and EVP/General Counsel
> Role: Work to execute sustainability strategies within their business lines > Members: Regional sustainability leads and contributors from key corporate functions > Leaders: Work to executive sustainability strategies within their business lines
This shows the Sustainability Oversight Structure as of publishing this report.
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