At EG, reporting is organic, ongoing and is built into our cultural framework. ESG reporting encompasses both informal and formal processes. EG operates an open office structure in which staff and senior management are physically co-located and therefore interact on a regular basis. Consequently, staff can raise any ESG issues of concern directly with relevant senior managers and at whole-of-company weekly staff meetings. Senior managers also hold five formal meetings each week (Business Development, Capital Transactions and Asset Management, HR & Culture and Development Management) at which relevant ESG issues are considered and managed and, if required, referred to the EG Board for resolution. The EG Board meets quarterly and more frequently if required. EG's Compliance Officer reports formally to the Board on a quarterly basis, and otherwise as issues arise.
EG's collaborative approach means that all team members have the opportunity to raise initiatives to be implemented. The importance of ESG integration into the investment process is reiterated to staff at every weekly staff meeting so that ESG is always top of mind. EG's performance targets now also include ESG objects which staff attain direct financial benefit from if the targets are met.