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.

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.

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.

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.

URW is aware of the leading economic importance of its real estate properties. In addition to being an urban planner, providing public facilities and building unique, iconic and well-connected places, URW plays a key role in the local ecosystem; URW is increasingly contributing to the social and economic vitality of the communities it serves. URW drives positive economic and social impact within its communities through employment, training and social inclusion:

• Economic driver: creating thousands of direct or indirect employment through construction and operational spending, indirect employment by tenants’ sales and activities, suppliers’ activities and local taxes; and
• Social integrator: actively working on maximising its impact by developing meaningful community projects and partnerships that support jobs, offer training, promote social inclusion and increase access to health and culture. In 2023, as part of the Better Places roadmap, URW has for the first time developed an innovation and multidimensional methodology to quantify and qualify the impact of URW shopping centres in Europe. This study, the first one published in the retail real estate industry in the EU, shows the positive footprint the Group has for communities and for citizens in their daily lives.

URW’s Human Rights Policy equally underlines URW’s commitment to generating a positive impact in the communities it operates. URW regularly holds local communities’ consultation on its Community Resilience Action Plans implemented at asset level as well as meetings such as Safety Advisory Group meetings, annual transport plans and accessibility meetings. For development projects, from the early phases of planning to the final stages of delivery, URW ensures that local communities are not just considered, but actively consulted. This approach allows URW to understand the unique needs and aspirations of the community, ensuring that each project is tailored to its context.

URW’s Human Rights Policy equally underlines URW’s commitment to generating a positive impact in the communities it operates. URW regularly holds local communities’ consultation on its Community Resilience Action Plans implemented at asset level as well as meetings such as Safety Advisory Group meetings, annual transport plans and accessibility meetings. For development projects, from the early phases of planning to the final stages of delivery, URW ensures that local communities are not just considered, but actively consulted. This approach allows URW to understand the unique needs and aspirations of the community, ensuring that each project is tailored to its context.

URW’s Human Rights Policy equally underlines URW’s commitment to generating a positive impact in the communities it operates. URW regularly holds local communities’ consultation on its Community Resilience Action Plans implemented at asset level as well as meetings such as Safety Advisory Group meetings, annual transport plans and accessibility meetings. For development projects, from the early phases of planning to the final stages of delivery, URW ensures that local communities are not just considered, but actively consulted. This approach allows URW to understand the unique needs and aspirations of the community, ensuring that each project is tailored to its context.

URW considers the impact on local communities as an opportunity for its activities. All of URW’s standing assets regularly engage in consultations with their local communities, as detailed in section 3.2.3.C.4 Processes for engaging with affected communities about impacts.

URW considers the impact on local communities as an opportunity for its activities. All of URW’s standing assets regularly engage in consultations with their local communities, as detailed in section 3.2.3.C.4 Processes for engaging with affected communities about impacts.