Responsible governance

Good governance helps us to attract and retain talent, manage costs and build trust with employees, investors, tenants, suppliers and other stakeholders.

To ensure good governance throughout Redevco, we have systems in place that control how the company takes decisions, meets its legal obligations and achieves its operational requirements. We have an ethical, value- driven culture based on dialogue, respect and integrity, where issues are addressed swiftly and transparently.

Good governance helps us to attract and retain talent, manage costs and build trust with employees, investors, tenants, suppliers and other stakeholders. It ensures continuity, creates value for our shareholders and other stakeholders and helps Redevco be a sustainable organisation.

How we govern

We have set up our organisational structure in a way that increases speed, agility and focus as a platform, while maintaining Redevco’s strengths in local markets through our country-based asset management and specialist teams across Europe. The Redevco Board members oversee the different functional areas within the business, and each of these functions focuses on a particular part of the business as it prepares and implements Board and Leadership Team decisions in their respective areas of expertise. This structure helps to maintain clear responsibility and accountability for day-to-day operational management.

Good brakes allow us to drive faster

This slogan represents our approach to risk management. To achieve our strategic objectives, we need to think, decide and act fast. And though it may seem counter-intuitive, good brakes allow us to go faster, secure in the knowledge that the risk is under control. This is the role fulfilled by Redevco’s Governance Risk & Compliance (GRC) framework, designed in line with the COSO ERM principles*.

The framework supports management in identifying, analysing, evaluating and mitigating risks that may impact the achievement of our long-term strategic objectives. It supports a better understanding of risks and mitigating measures, minimises losses and incidents and enables Redevco to benefit from opportunities. Components of the framework are:

Business Integrity – providing guidance on ‘the way we work’ and establishing boundaries for Redevco’s activities.
Decision-Driven Organisation – a framework that describes the decision-making structure based on ‘three lines of defence’, each with clear mandates, roles and responsibilities.
Risk-Based Policies – instructions and guidelines providing details on material business processes.
Risk & Control – setting out how risks are identified and managed through effective controls describedin the risk and control matrix.
Compliance – setting out how internal compliance is achieved on the basis of the GRC framework. Redevco’s GRC framework is considered essential for achieving our long-term strategic objectives and ensures a responsible governance approach is in place.

*The Committee of Sponsoring Organisations of the Treadway Commission’s enterprise risk management framework is a widely accepted risk managementstandard organisations use to help manage risks in an increasingly turbulent, unpredictable business landscape.

Making sustainability an integral part of our business

A key aspect of responsible governance is fostering a strong corporate culture. One of our core objectives is to integrate our mission of transformative real estate throughout the organisation, while prioritising sustainability across all business areas.

Our Sustainability Team is part of our Real Estate Operations team. This ensures the strategies and actions created by the sustainability experts are properly aligned and carried out alongside the asset developers and managers.

The Head of Sustainability is a member of the Investment Committee and takes a direct role in ensuring our ESG commitments are part of the discussions about acquisitions and (re)developments.

ESG is integrated within the asset business-planning tool, with a specific section to be completed for each asset. This provides the asset manager with a dashboard to check sustainability status and include relevant improvements.

The sustainability team works closely with our asset development teams from the earliest stages of new projects. In addition, ESG trainings are provided for the whole organisation to ensure a high foundational level of understanding.

People in the garden of st james's square

Business Integrity Principles

Redevco’s Business Integrity Principles are a key component in building and maintaining a strong, unified culture across Redevco. The Business Integrity Principles are centred around four core values, being:

Integrity: we do business fairly and honestly at all times and in all matters.
Excellence: we strive to always improve our work by finding better and more efficient solutions.
Balance: with continuity in mind, we think and act as a partner to our stakeholders.
Team Spirit: sharing knowledge and exchanging ideas across the group helps us act as one.

For each of these core values, the Business Integrity Principles describe what we expect from each other when we cooperate and do business. We organise trainings annually for all employees to discuss our values and any dilemmas we face when applying these values in our day-to-day work. After these trainings, employees are asked to sign a document stating that they adhere to the way we work as described in the Business Integrity Principles.

In 2023, 100% of employees signed this commitment (100% in 2022) and 84% completed the integrity workshop(89% in 2022). For new employees, an onboarding programme is in place that clearly explains our values and Business Integrity Principles.

Redevco strongly encourages employees as well as external stakeholders to report any breach or suspected breach of any law, or a breach of these BIP or other Redevco policies and procedures. Incidents should be reported to the local management team in the first instance. When in doubt, incidents can also be reported to the Group Compliance Officer by email ([email protected]) or by telephone (+31 20 599 6263).

Find the Speak Up policy here

Our committees

The Investment Committee, chaired by our CEO, makes all investment and divestment decisions. Its members include the CFO, the COO Real Estate, Head of Investment Management, Head of Transaction Management and the Head of Sustainability.

The purpose of the Information Security Committee (ISC) is to advise the Management Board in fulfilling its oversight responsibilities with regard to Redevco’s information security programmes and risks. The ISC consists of the CFO, General Counsel, the Head of Governance, Risk Management and Compliance, the Head of Information Technology and the Manager IT Infrastructure & Support.

Inclusion, Diversity & Equity

We are many and one

We recognise that our success is based on the strength of individual differences as well as the importance of equality in terms of how we treat each and every person. We value diversity at Redevco, and we strive to create a workplace in which everyone feels welcome, included, and respected. Whilst we realise that there is work to be done, we are actively building a team that is home to people across race, gender, age, religion, identity, and experience. We know we will only become a better version of ourselves – as a company and as individuals – by listening to, learning from, and giving back to one another.

More about ID&E

We care deeply about the health and well-being of our employees

Happy & healthy people

Striking the right balance is a responsibility our company and our employees share. At Redevco, we believe that our employees are best able to contribute to the success of our company if they feel happy, healthy, and engaged. Many factors play a role in creating an optimal balance. As an employer, we want to actively foster a positive and productive work environment and provide our colleagues with the means to promote a healthy lifestyle.

Our vision on wellbeing

Businessman talking to colleagues in meeting

Staying fit & healthy

A well-balanced mental state positively influences the physical state and vice versa. We believe a healthy body and mind start with healthy eating habits and staying physically fit during and after working hours. We are committed to enabling a healthy lifestyle for our employees that suits their needs.

Flexibility in time and place

Business in balance is one of our guiding principles. It is rooted in our belief that we must balance the social, environmental, and financial impact of our business activities. This also applies to our day to day work. At Redevco we understand the value of a healthy work-life balance and take a flexible attitude about when you work and where.

Attractive workspace

Whether you work from our offices or your home office, you should feel comfortable. At Redevco, we want to offer our employees a place that is pleasant, ergonomic and appealing. We value a good atmosphere in the office, created through a variety of factors. We also believe your home office should be comfortable, so we contribute to a proper set-up there as well.

Room to grow

In the area of personal development, we believe in continuous and life-long learning, and we provide our staff with ‘room to grow’. We believe that fostering a growth mindset has a strong and positive impact on the health and well-being of our people, as well as their motivation. It is our responsibility to offer our employees the opportunity to acquire the skills they need to perform to the best of their potential.