Unibail-Rodamco-Westfield
ESRS disclosure
Tags Tree
- Does the undertaking disclose the measures and strategies implemented to prevent or mitigate material negative impacts on value chain workers caused or contributed to by its own practices? This includes detailing the approaches taken in areas such as procurement, sales, and data use, and addressing any tensions between these preventative or mitigative actions and other business pressures.
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Question Id: S2-4_10
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 endeavors 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: 65%
- Has the undertaking reported any severe human rights issues and incidents connected to its upstream and downstream value chain? If applicable, disclose the details of these incidents.
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Question Id: S2-4_11
In 2023, there have been no incidents, complaints or severe human rights impacts within URW’s operations and workforce. URW will strive to continuously strengthen its internal prevention and mechanisms and commitment to human rights.
Report Date: 4Q2023Relevance: 75%
- What resources has your undertaking allocated to manage its material impacts on value chain workers, and how do these allocations enable users to understand the management of these impacts?
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Question Id: S2-4_12
URW occasionally uses communication and training sessions to engage with its value chain workers. These sessions aim to inform the workers about the impacts of their actions and decisions on the environment, society and the business. For instance, URW systematically seeks the validation of the right to work of employees, workers on the Group’s construction sites and workers at the centres, where applicable. In line with the policies presented in section 3.2.3.B.3 Policies related to value chain workers, URW engages its business partners and vendors to fight any occurrence of modern slavery, human rights infringements, or H&S issues that might impact value chain workers or their communities.
Report Date: 4Q2023Relevance: 65%
- Does the undertaking disclose the process for setting targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities, specifically in relation to value chain workers? Furthermore, does the undertaking provide information on whether and how it engages directly with workers in the value chain, their legitimate representatives, or credible proxies with insight into their situation? Additionally, considering material negative impacts affecting value chain workers that may be linked to entities or operations outside the undertaking's direct control, does the undertaking disclose whether and how it seeks to use leverage in its business relationships to manage these impacts? This may involve the use of commercial leverage, such as enforcing contractual requirements or implementing incentives, other forms of leverage within the relationship, such as providing training or capacity-building on workers’ rights, or collaborative leverage with peers or other actors, such as initiatives aimed at responsible recruitment or ensuring workers receive an adequate wage.
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Question Id: S2-4_13
URW will strive to enhance its existing policies and underlying mechanisms. These policies will be regularly reviewed and updated to ensure they remain effective and relevant. URW will strive to enhance its due diligence mechanisms with a focus on modern slavery and human rights aspects, as well as reinforce its “Know Your Partner” screening process to conduct thorough verification of new business partners and monitor current business partners. This will help in identifying and mitigating any potential risks.
Report Date: 4Q2023Relevance: 45%
- Provide a detailed account of the process your organization employs for setting targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities. Specify whether and how your organization has engaged directly with workers in the value chain, their legitimate representatives, or credible proxies with insight into their situation. Additionally, when disclosing participation in an industry or multi-stakeholder initiative as part of actions to address material negative impacts, elucidate how the initiative and your organization's involvement aim to address the material impact concerned. Include any relevant targets set by the initiative and the progress made towards achieving them, as per Disclosure Requirements S2-4 and S2-5.
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Question Id: S2-4_14
URW will strive to enhance its existing policies and underlying mechanisms. These policies will be regularly reviewed and updated to ensure they remain effective and relevant. URW will strive to enhance its due diligence mechanisms with a focus on modern slavery and human rights aspects, as well as reinforce its “Know Your Partner” screening process to conduct thorough verification of new business partners and monitor current business partners. This will help in identifying and mitigating any potential risks.
Report Date: 4Q2023Relevance: 40%
- Provide a detailed account of the process by which your organization establishes targets related to managing material negative impacts, advancing positive impacts, and addressing material risks and opportunities. Specifically, disclose whether and how your organization has engaged directly with workers within the value chain, their legitimate representatives, or credible proxies who possess insight into their circumstances. Additionally, describe the role these value chain workers, representatives, or proxies play in decision-making concerning the design and implementation of initiatives or processes aimed at addressing their needs, and evaluate the progress and effectiveness of such initiatives or processes.
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Question Id: S2-4_15
URW will strive to enhance its existing policies and underlying mechanisms. These policies will be regularly reviewed and updated to ensure they remain effective and relevant. URW will strive to enhance its due diligence mechanisms with a focus on modern slavery and human rights aspects, as well as reinforce its “Know Your Partner” screening process to conduct thorough verification of new business partners and monitor current business partners. This will help in identifying and mitigating any potential risks.
Report Date: 4Q2023Relevance: 40%
- Provide detailed information regarding the intended or achieved positive outcomes of initiatives or processes for value chain workers. This should include the process for setting targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities. Specify whether and how the undertaking engaged directly with workers in the value chain, their legitimate representatives, or credible proxies with insight into their situation. Additionally, describe the actions taken on material impacts on value chain workers, the approaches to managing material risks and pursuing material opportunities related to these workers, and the effectiveness of those actions. Include any initiatives or processes based on the needs of affected workers and the progress in implementing such initiatives or processes.
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Question Id: S2-4_16
The Group is committed to continuous improvement and is always looking for ways to enhance existing practices and deliver better outcomes for value chain workers. The Group's approach to identifying what action is needed in response to a particular actual or potential material negative impact is part of the Group's risk assessment process and based on the results of the double materiality analysis. This process included consultation with stakeholders, analysis of industry trends and consideration of regulatory requirements. H&S and the protection of value chain workers’ human rights, including the identification and prevention of any instance of modern slavery in the Company’s value chain, stand as the priorities identified.
Report Date: 4Q2023Relevance: 60%
- Does the undertaking disclose any initiatives or processes specifically aimed at delivering positive impacts for value chain workers that are also designed to support the achievement of one or more UN Sustainable Development Goals (SDGs)? If so, please detail the process for setting these targets, including whether and how the undertaking engaged directly with workers in the value chain, their legitimate representatives, or credible proxies with insight into their situation. Additionally, specify any actions taken to advance UN SDG 8, such as capacity-building for smallholders in the supply chain or training programs to increase the proportion of women in delivery roles within the downstream value chain.
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Question Id: S2-4_17
The Group is committed to continuous improvement and is always looking for ways to enhance existing practices and deliver better outcomes for value chain workers. The Group's approach to identifying what action is needed in response to a particular actual or potential material negative impact is part of the Group's risk assessment process and based on the results of the double materiality analysis. This process included consultation with stakeholders, analysis of industry trends and consideration of regulatory requirements. H&S and the protection of value chain workers’ human rights, including the identification and prevention of any instance of modern slavery in the Company’s value chain, stand as the priorities identified.
Report Date: 4Q2023Relevance: 60%
- Provide a detailed description of the internal functions involved in managing impacts within your organization. Specify the types of actions these functions undertake to address negative impacts and advance positive impacts. Include information on the process for setting targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities. Indicate whether and how your organization engaged directly with workers in the value chain, their legitimate representatives, or credible proxies with insight into their situation. Additionally, outline the resources allocated to the management of material impacts and evaluate the effectiveness of these actions.
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Question Id: S2-4_18
URW occasionally uses communication and training sessions to engage with its value chain workers. These sessions aim to inform the workers about the impacts of their actions and decisions on the environment, society and the business. For instance, URW systematically seeks the validation of the right to work of employees, workers on the Group’s construction sites and workers at the centres, where applicable. In line with the policies presented in section 3.2.3.B.3 Policies related to value chain workers, URW engages its business partners and vendors to fight any occurrence of modern slavery, human rights infringements, or H&S issues that might impact value chain workers or their communities.
Report Date: 4Q2023Relevance: 60%
- Provide a detailed account of the process your organization employs in establishing targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities. Specifically, disclose whether and how your organization has engaged directly with workers within the value chain, their legitimate representatives, or credible proxies with insight into their situation during the target-setting process.
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Question Id: S2-5_01
URW established a mapping of sustainability-related risks in its supply chain in 2021. This mapping allows URW to understand and identify key risks related to sustainability in its upstream value chain and allows the Group to define and implement action plans to manage these risks. The mapping has been designed with specialised external consultants and involved key representatives of functions with high procurement volumes (such as development teams or technical teams) as well as the Group Compliance team.
Report Date: 4Q2023Relevance: 60%