REA Group Ltd Annual Report 2021

Directors’ Report continued REA Group Ltd | Annual Report 2021 Business strategies and future developments (continued) For consumers, this means we provide a personalised experience, inspiring content and a range of tools, calculators and other information so that people are equipped to make the right decision depending on where they are in their property journey. And for customers, it’s about giving them deep insight into market trends and consumer behaviour to support their business growth. Corporate Sustainability Statement REA Group’s commitment to responsible and sustainable business practices underpins everything we do. In October 2020, REA Group published its second Sustainability Report which is available on the website at www.rea-group.com/investor-centre. REA Group’s Sustainability Report, which is published annually after the Group’s Annual Report, details business activity and commitments across the areas of Environment, Social and Governance (“ESG”). The Group’s policies reflect the standards REA expects of its people and ensures that REA monitors and adheres to those standards. The Group values the opportunity to share the ESG activity and associated commitments in order to continually improve overall sustainability performance and play a role in creating positive change. The Board is responsible for corporate governance and is committed to developing and implementing appropriate policies while adhering to a fundamental commitment to create and sustain long-term value for its shareholders and stakeholders. This is achieved through: – Implementing sound corporate governance practices; – Operating in a responsible manner towards employees through fair and equitable practices; – Transparent reporting on operations and activities; – Monitoring potential risks and applying mitigating policies and practices; – Making a positive impact on the community; and – Reducing our impact on the environment. Corporate governance REA Group is committed to being ethical, transparent and accountable. It believes this is essential for the long-term performance and sustainability of the Company and supports the interests of shareholders. The REA Group Ltd Board of Directors is responsible for ensuring that the Company has an appropriate corporate governance framework to protect and enhance company performance and build sustainable value for shareholders. This corporate governance framework acknowledges the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations (ASX Principles and Recommendations) and is designed to support business operations, deliver on strategy, monitor performance and manage risk. The Corporate Governance Statement addresses the recommendations contained in the fourth edition of the ASX Principles and Recommendations and is available on the website at www.rea-group.com/corporate-governance. This statement should be read in conjunction with REA’s website and the Directors’ Report, including the Remuneration Report. Environmental regulation Good environmental practices and the impact that operations have on the environment are of great importance to REA. The Group is committed to adopting responsible environmental practices. The operations of the Group are not subject to any particular or significant environmental regulations under a Commonwealth, State or Territory law. Opportunities and risks REA is driven by its purpose to ‘change the way the world experiences property’ through product innovation and investment. Having a clearly defined purpose provides the Group with opportunities to drive further value. These include: – Broadening the suite of products and services to maximise value for customers; – Utilising content, data and insights to provide a new or enhanced experience for consumers and/or further support customers in achieving their strategic aims; – Exploring and pursuing adjacencies such as building a market-leading home loan offering via its mortgage broking businesses, Smartline and Mortgage Choice, and leveraging REA’s leading digital capability; and – Entering international markets where there is a strategic opportunity. 38 Directors’ Report