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ESG GOVERNANCE STRUCTURE
NOMINATING AND CORPORATE GOVERNANCE COMMITTEE, BOARD OF DIRECTORS
The Nominating and Corporate Governance Committee provides strategic oversight of social responsibility, environmental and sustainability matters; makes recommendations to the Board concerning such matters; evaluates ESG-related risks and the Company’s social and environmental goals; and reviews the full scope of Macerich’s corporate social responsibility efforts at least annually, including diversity and inclusion and sustainability. The Board reviews the effectiveness of the organization’s risk management processes for economic, environmental and social topics.
Executive Leadership Team
The Chief Executive Officer and EVP of Portfolio Operations and People provide management oversight and direction for the Sustainability Department and MacImpact Committee. In 2022, a portion of executive compensation was tied to the following ESG-related metrics:
Executive Esg Scorecard
BOARD OF DIRECTORS: NOMINATING AND CORPORATE GOVERNANCE COMMITTEE
Executive Leadership Team
Under the leadership of our CEO, the EVP of Portfolio Operations and People holds executive-level responsibility for environmental and social topics and provides quarterly reports to the Board on strategy, major plans of action, and implementation and performance related to these topics. This includes any stakeholder concerns pertaining to the environment, corporate responsibility, health and safety and sustainability.
Macimpact Committee
In 2022, Macerich launched the MacImpact Committee to drive the Company’s environmental and social goals related to our employees, business strategy and the communities where we do business. MacImpact brings together representatives from Corporate Communications, Investor Relations, Legal, People and Culture, Property Management & Operations, Risk Management and Sustainability.
Under its direction, project-based teams work to review and redefine how we advance our corporate social responsibility and industry-leading environmental efforts to grow long-term value and make positive, lasting impacts for all stakeholders. The cross-disciplinary nature of the team ensures a 360-degree focus on these critical efforts and helps to secure engagement, buy-in and a venue for input from people at all levels of the Company.
