Savills PLC

The Board is responsible overall for managing climate related risks and realising opportunities, as detailed in the Governance section (Page 64 in Annual Report and Accounts 2023). The Board is supported in this respect by the Group Executive Board (GEB), which is responsible for implementing climate‑related risk management plans, addressing climate related threats to Savills business model and for identifying and realising opportunities. In addition, the Group Risk Committee and Group Environmental Social & Governance (ESG) Committee are responsible for overseeing climate risk assessment and other aspects of Savills corporate sustainability and ESG agenda and reporting into the GEB. The Board and GEB both meet at least quarterly. The Group ESG Committee meets at least bi-annually and the Savills TCFD Working Group meets at least annually. The Board is updated on progress against goals and targets regularly, and at least annually considers the progress made against our goals. [...] The Savills TCFD Working Group and Group ESG Committee report into the GEB and through it to the Board and, as part of this reporting, highlight climate related items and associated actions (Board structures, page 31 in Annual Report and Accounts 2023). The process by which Group management is informed about climate‑related issues is through the ESG Committees in each Principal Business, which either have TCFD as a key agenda item or which have their own TCFD working groups. [...] The methodology for target setting and progress tracking, including the metrics which are outline below, is that targets are proposed and then progress discussed within both the Group ESG Committee and the TCFD Working Group, with the outcomes from this being put forward for GEB and Board sign off, and then managed, as required. As outlined above, the process to manage physical and transition risk is typically for the teams within each Principal Business to project manage any corresponding action or agenda points made within the relevant ESG Committees or through designated TCFD action trackers.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]As part of our Net Zero Transition plan due spring 2023 we will look to develop processes to ensure that our direct and indirect engagement are aligned with our Net Zero strategy.

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]As part of our Net Zero Transition plan due to be published in 2023 we will look to develop processes to ensure that our direct and indirect engagement are aligned with our Net Zero strategy.