Unibail-Rodamco-Westfield
ESRS disclosure
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- Provide a detailed account of the activities within your organization that lead to material positive impacts. Specify the categories of employees and non-employees within your workforce who are positively affected or have the potential to be positively affected by these activities. Additionally, indicate whether these positive impacts are localized to specific countries or regions.
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Question Id: S1.SBM-3_04
In 2023, more than half of the Group’s employees volunteered to support local communities where the Group operates. This represents 9,025 volunteering hours delivered by URW employees.
Report Date: 4Q2023Relevance: 60%
- Does the undertaking include all individuals within its own workforce who may be materially impacted in the scope of its disclosure under ESRS 2, as per paragraph 48? Furthermore, provide a detailed account of any material risks and opportunities that arise from impacts and dependencies on the undertaking's own workforce, considering the undertaking's operations, value chain, products, services, and business relationships.
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Question Id: S1.SBM-3_05
URW recognises that its workforce is a key asset and the impacts, risks and opportunities associated with it are closely linked to the Company's strategy and business model.
Report Date: 4Q2023Relevance: 60%
- Does the undertaking's disclosure under ESRS 2 encompass all individuals within its workforce who could be materially impacted by the company's operations, including those within its value chain and business relationships? Specifically, provide detailed information on any material impacts on the workforce that may result from transition plans aimed at minimizing environmental harm and achieving climate-neutral operations. This should include impacts related to the undertaking's strategies and actions to reduce carbon emissions in accordance with international agreements, addressing potential restructuring, employment loss, as well as opportunities for job creation and workforce reskilling or upskilling.
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Question Id: S1.SBM-3_06
In 2023, more than half of the Group’s employees volunteered to support local communities where the Group operates. This represents 9,025 volunteering hours delivered by URW employees.
Report Date: 4Q2023Relevance: 10%
- Does the undertaking include all individuals within its workforce who could be materially impacted by its operations in the scope of its disclosure under ESRS 2, specifically concerning material impacts, risks, and opportunities as outlined in ESRS 2 SBM-3? Furthermore, provide detailed information regarding operations that are at significant risk of incidents of forced labour or compulsory labour, specifying the type of operation, such as a manufacturing plant.
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Question Id: S1.SBM-3_07
URW interacts with a diverse range of value chain workers. These workers can be categorised as follows: Workers in URW's upstream value chain, Workers in URW's downstream value chain.
Report Date: 4Q2023Relevance: 30%
- Does your organization include all individuals within its workforce who could be materially impacted by your operations in the scope of your disclosure under ESRS 2? Additionally, identify and disclose any countries or geographic areas where your operations are considered to be at significant risk of incidents involving forced or compulsory labour, in accordance with the requirements of paragraph 48 of ESRS 2 SBM-3.
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Question Id: S1.SBM-3_08
Although, as noted in the Global Slavery Index’s findings, the countries in which the URW Group currently operates are rated as low to moderate in terms of the risks of incidences of modern slavery (relative to other geographies), URW’s Anti-Slavery and Human Trafficking Policy outlines a zero-tolerance approach to all modern forms of slavery and human trafficking.
Report Date: 4Q2023Relevance: 60%
- Provide a detailed account of the types of operations within your organization that are at significant risk of incidents involving child labor. This disclosure should align with the requirements set forth in ESRS 2 SBM-3, focusing on material impacts, risks, and opportunities, and their interaction with your strategy and business model. Ensure that the scope of this disclosure encompasses all individuals within your workforce who may be materially impacted by your operations, including those within your value chain, products, services, and business relationships. Specify the type of operation, such as a manufacturing plant, that is at risk.
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Question Id: S1.SBM-3_09
Although, as noted in the Global Slavery Index’s findings, the countries in which the URW Group currently operates are rated as low to moderate in terms of the risks of incidences of modern slavery (relative to other geographies), URW’s Anti-Slavery and Human Trafficking Policy outlines a zero-tolerance approach to all modern forms of slavery and human trafficking.
Report Date: 4Q2023Relevance: 40%
- Does the undertaking include all individuals within its workforce who may be materially impacted by its operations in the scope of its disclosure under ESRS 2, specifically addressing material impacts, risks, and opportunities as they relate to its strategy and business model? Furthermore, does the undertaking identify and disclose any countries or geographic areas where its operations are considered to be at significant risk of incidents of child labour, in accordance with the requirements set forth in paragraph 48?
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Question Id: S1.SBM-3_10
Although, as noted in the Global Slavery Index’s findings, the countries in which the URW Group currently operates are rated as low to moderate in terms of the risks of incidences of modern slavery (relative to other geographies), URW’s Anti-Slavery and Human Trafficking Policy outlines a zero-tolerance approach to all modern forms of slavery and human trafficking.
Report Date: 4Q2023Relevance: 50%
- Has the undertaking developed an understanding of whether and how individuals within its workforce, characterized by specific attributes, working in distinct contexts, or engaged in particular activities, may be at an increased risk of harm? Please detail the process and findings of this understanding as part of the materiality assessment outlined in ESRS 2 IRO 1, in relation to ESRS 2 SBM-3 concerning material impacts, risks, and opportunities and their interaction with the strategy and business model.
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Question Id: S1.SBM-3_11
URW interacts with a diverse range of value chain workers. These workers can be categorised as follows: Workers in URW's upstream value chain, Workers in URW's downstream value chain.
Report Date: 4Q2023Relevance: 50%
- Identify and disclose any material risks and opportunities that arise from impacts and dependencies on individuals within your workforce, specifying which of these relate to distinct groups of people, such as particular age demographics or employees in specific locations, rather than to the entire workforce.
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Question Id: S1.SBM-3_12
URW recognises that its workforce is a key asset and the impacts, risks and opportunities associated with it are closely linked to the Company's strategy and business model.
Report Date: 4Q2023Relevance: 45%
- Provide a comprehensive description of your company's human rights policy commitments that pertain to value chain workers. Include details on the processes and mechanisms implemented to ensure compliance with the UN Guiding Principles on Business and Human Rights, the ILO Declaration on Fundamental Principles and Rights at Work, and the OECD Guidelines for Multinational Enterprises. Focus on material matters and outline the general approach adopted by your company in this context.
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Question Id: S2-1_01
URW's approach to value chain workers is embodied in an interconnected set of policies on human rights, modern slavery, responsible procurement, and Health & Safety, reflecting URW's commitment to uphold the highest standards in these areas. The Group recognises that its operations can have direct and indirect impacts on human rights and remains committed to make all reasonable endeavours in anticipating and mitigating risks as well as ensuring a positive contribution to the communities where URW operates. URW's Human Rights Policy (see the latest version on URW's website) reinforced the commitment adopted in 2004 by signing the UNGC. It applies to all employees, entities and operations under the umbrella of URW, including subsidiaries and joint ventures. Contractors, clients, visitors, suppliers and business partners are to be fairly treated in line with the principles of the policy. The Group is dedicated to upholding human rights principles throughout its supply chain from corporate headquarters to individual project sites, ensuring consistency and alignment with its core values.
Report Date: 4Q2023Relevance: 70%