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 is committed to discuss with local stakeholders, including local residents, associations, and leisure centres. Local residents’ meetings are organised for some of its venues, especially when there are construction projects underway. For example, during construction work, monthly residents’ committees allow ongoing contact between Viparis and those who live in the vicinity of Paris Expo Porte de Versailles. At committee meetings, Viparis is attentive to residents’ needs and expectations, answers questions and provides information that concerns them.

Communities affected by URW are defined in the context of URW’s activity, i.e. as an operator in real estate. In the context of URW, affected communities are the local communities in which URW’s assets are an integral part. As an operator of sustainable places that Reinvent Being Together, URW has an active role to play within communities in which it operates. The Group’s economic success is based on a strong relationship and regular consultations with its stakeholders: tenants, customers, investors, local communities, suppliers and contractors, as well as employees.

Looking beyond 2023, the Group has made the commitment to support its role as a catalyst for economic and social impact with a target of 15,000 people supported annually through training, social inclusion and employment opportunities. The key actions related to it are: Continue implementing Community Resilience Action Plans for the Group’s assets; Monitor the economic, social and environmental impact of URW shopping centres through a dedicated impact assessment; Organise upskilling programmes and recruitment events; Work with partners specialised in social inclusion and health programmes, including support for charities and NGOs.

URW will strive to strengthen 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.

Communities affected by URW are defined in the context of URW's activity, i.e., as an operator in real estate. In the context of URW, affected communities are the local communities in which URW's assets are an integral part. URW is deeply committed to integrating local communities into its operating model for both standing assets and development projects. For standing assets, URW engages with a variety of local stakeholders via its Community Resilience Action Plans in its approach to generating positive social impact. Community resilience is a complicated concept that involves preparedness against hazards, protection against risks, and the promotion of stable living conditions. URW's Community Resilience Actions Plans are an integral part of the long-term social strategy designed at asset level to contribute to the long-term development of the community. These plans are integrated into the management of URW's standing assets, ensuring that the interests of local communities are considered and prioritised. In terms of social impact, URW is committed to monitoring and improving its influence on a local scale. By measuring its social impact, URW strives to understand the aggregate impacts of its work and collaborate with local communities to achieve greater change. This process is crucial for URW to ensure that its operations are not only profitable but also beneficial to the communities in which it operates.

Communities affected by URW are defined in the context of URW's activity, i.e., as an operator in real estate. In the context of URW, affected communities are the local communities in which URW's assets are an integral part. URW is deeply committed to integrating local communities into its operating model for both standing assets and development projects. For standing assets, URW engages with a variety of local stakeholders via its Community Resilience Action Plans in its approach to generating positive social impact. Community resilience is a complicated concept that involves preparedness against hazards, protection against risks, and the promotion of stable living conditions. URW's Community Resilience Actions Plans are an integral part of the long-term social strategy designed at asset level to contribute to the long-term development of the community. These plans are integrated into the management of URW's standing assets, ensuring that the interests of local communities are considered and prioritised. In terms of social impact, URW is committed to monitoring and improving its influence on a local scale. By measuring its social impact, URW strives to understand the aggregate impacts of its work and collaborate with local communities to achieve greater change. This process is crucial for URW to ensure that its operations are not only profitable but also beneficial to the communities in which it operates.

Communities affected by URW are defined in the context of URW's activity, i.e., as an operator in real estate. In the context of URW, affected communities are the local communities in which URW's assets are an integral part. URW is deeply committed to integrating local communities into its operating model for both standing assets and development projects. For standing assets, URW engages with a variety of local stakeholders via its Community Resilience Action Plans in its approach to generating positive social impact. Community resilience is a complicated concept that involves preparedness against hazards, protection against risks, and the promotion of stable living conditions. URW's Community Resilience Actions Plans are an integral part of the long-term social strategy designed at asset level to contribute to the long-term development of the community. These plans are integrated into the management of URW's standing assets, ensuring that the interests of local communities are considered and prioritised. In terms of social impact, URW is committed to monitoring and improving its influence on a local scale. By measuring its social impact, URW strives to understand the aggregate impacts of its work and collaborate with local communities to achieve greater change. This process is crucial for URW to ensure that its operations are not only profitable but also beneficial to the communities in which it operates.

Communities affected by URW are defined in the context of URW's activity, i.e., as an operator in real estate. In the context of URW, affected communities are the local communities in which URW's assets are an integral part. URW is deeply committed to integrating local communities into its operating model for both standing assets and development projects. For standing assets, URW engages with a variety of local stakeholders via its Community Resilience Action Plans in its approach to generating positive social impact. Community resilience is a complicated concept that involves preparedness against hazards, protection against risks, and the promotion of stable living conditions. URW's Community Resilience Actions Plans are an integral part of the long-term social strategy designed at asset level to contribute to the long-term development of the community. These plans are integrated into the management of URW's standing assets, ensuring that the interests of local communities are considered and prioritised. In terms of social impact, URW is committed to monitoring and improving its influence on a local scale. By measuring its social impact, URW strives to understand the aggregate impacts of its work and collaborate with local communities to achieve greater change. This process is crucial for URW to ensure that its operations are not only profitable but also beneficial to the communities in which it operates.

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.