Progress and performance regarding fulfillment of the climate change strategy and monitoring the associated risks are reviewed periodically by members of the Sustainability and Corporate Governance Committee and the Audit, Finance and Risk Committee to support the Board of Directors' activities. [...] Our Corporate Governance, lead by our Board of Directors and the Sustainability and Corporate Governance Committee, regularly reviews the performance of climate strategy activities. [...] Implementation of the climate change strategy is the responsibility of Grupo Argos's Steering Committee. This committee ensures the responsible management and monitoring of the risks and opportunities associated with climate change. It's members are the CEO, the organization's C-Group, and the manager of the Urban Development Business. The Comprehensive Risk Management System (SGIR, in Spanish) is the methodological framework used to ensure identification, measurement, evolution, evaluation, and follow-up of the risks associated with the climate change strategy, as well as its alignment with the risk profile defined by the Board of Directors and the Steering Committee. [...] Additionally, we have a variable compensation system that incentivizes the fulfillment of strategic goals. Depending on the employee's organizational level, two types of variable incentives may apply: (i) short-term and (ii) long-term. In the definition of the compensation system indicators, sustainability elements are included, with a weight of at least 20%. Among the included indicators are those associated with climate change. [...] Besides participation by Grupo Argos Executives on the different committees that support the operations of the businesses' boards of directors, the Corporate Group's CEO Committee meets quarterly to discuss these topics and share good practices, experiences, and action plans, and to generate synergies. [...] Table 1 describes the main topics discussed, the frequency with which they are discussed, and the risks and opportunities reported to the Steering Committee: Board of Directors: Define and follow-up the organization's strategy, including its climate change strategy as one of the organization's strategic risks, and monitor any ESG related risks and opportunities that may arise. Guide the company's CEO on managing the business and the risks it faces. Maintain a general, consolidated perspective of the Corporate Group's climate change strategy. Frequency: Semi-annual. Main topics discussed in 2022: Progress with the climate change strategy. Grupo Argos TCFD report. Double materiality and assurance approach. Define climate change related guidelines for the businesses. [...] CEO Committee: Frame the businesses' strategies within the Corporate Group's climate change strategy. Proactively manage and monitor climate change risks and opportunities. Create synergies and share experiences that will allow us to attend to the needs of one business with the capacities available at the others. Frequency: Quarterly. Main topics discussed in 2022: Work plan for strategy implementation. Work plan for implementing the strategy's targets and commitments and following up loans tied to sustainability indicators. Double materiality analysis results that incorporate the perspective of the Corporate Group's different stakeholder groups. [...] Sustainability and Corporate Governance Committee: Make sure that Corporate Governance practices, including those associated with climate change, align with the provisions of the Code of Good Governance. Have knowledge of and supervise implementation of the Board's action plan for each calendar year, which includes a session on sustainability. Promote training for managers and directors on corporate sustainability topics. Frequency: Annual. Main topics discussed in 2022: Progress with the climate change strategy and goals achieved. Goals of the organization's sustainability work plan. ESG report standards, frameworks, and initiatives. Grupo Argos TCFD report for 2021. Loans associated with Sustainability indicators. Main awards for ESG practices during 2021. Double materiality and assurance approach.