Policies in place to manage material impacts, risks and opportunities related to climate change mitigation and adaptation are listed in the table below:

• Energy efficiency policy

  • Description: Explanation of the objectives and targets, operational follow-up, budget guidance, dashboards
  • Description of scope of policy or its exclusions: Group (EU/UK/US) Retail + Offices
  • Description of most senior level in organisation that is accountable for implementation of policy: The Management Board (MB) and the Executive Committee (EC)
  • Disclosure of third-party standards or initiatives that are respected through implementation of policy: Based on ISO 140 001 and ISO 50 001
  • Description of consideration given to interests of key stakeholders in setting policy: Stakeholders involved: Group sustainability team, the corporate technical team (PMPS team), the technical local country teams and the asset teams
  • Explanation of how policy is made available to potentially affected stakeholders and stakeholders who need to help implement it: The policy is for internal purposes only

• GHG emissions reduction policy

  • Description: Explanation of the objectives and targets, operational follow-up, budget guidance, dashboards
  • Description of scope of policy or its exclusions: Group (EU/UK/US) Retail + Offices
  • Description of most senior level in organisation that is accountable for implementation of policy: The Management Board (MB) and the Executive Committee (EC)
  • Disclosure of third-party standards or initiatives that are respected through implementation of policy: SBTi net zero standard
  • Description of consideration given to interests of key stakeholders in setting policy: Stakeholders involved: Group sustainability team, the corporate technical team (PMPS team), the technical local country teams and the asset teams
  • Explanation of how policy is made available to potentially affected stakeholders and stakeholders who need to help implement it: The policy is for internal purposes only

• Climate adaptation policy

  • Description: Explanation of the objectives and targets, operational follow-up, budget guidance, dashboards
  • Description of scope of policy or its exclusions: Group (EU/UK/US) Retail + Offices + development projects
  • Description of most senior level in organisation that is accountable for implementation of policy: The Management Board (MB) and the Executive Committee (EC)
  • Disclosure of third-party standards or initiatives that are respected through implementation of policy: TCFD, CSRD and EU taxonomy expectations
  • Description of consideration given to interests of key stakeholders in setting policy: Stakeholders involved: Group sustainability team, the corporate technical team (PMPS team), the risk management team, the technical local country teams and the asset teams
  • Explanation of how policy is made available to potentially affected stakeholders and stakeholders who need to help implement it: The policy is for internal purposes only

• Low carbon mobility policy

  • Description: Explanation of the objectives and targets, operational follow-up, budget guidance, dashboards
  • Description of scope of policy or its exclusions: Group (EU/UK/US) Retail + Offices
  • Description of most senior level in organisation that is accountable for implementation of policy: The Management Board (MB) and the Executive Committee (EC)
  • Disclosure of third-party standards or initiatives that are respected through implementation of policy: SBTi standard for carbon reduction ambition
  • Description of consideration given to interests of key stakeholders in setting policy: Stakeholders involved: Group sustainability team, the corporate technical team (PMPS team), the technical local country teams and the asset teams
  • Explanation of how policy is made available to potentially affected stakeholders and stakeholders who need to help implement it: The policy is for internal purposes only

• Sustainable development guidelines

  • Description: Contains the 10 golden rules and the sustainability brief containing all the requirements linked to the sustainability performance of URW’s development projects
  • Description of scope of policy or its exclusions: Group (EU/UK/US) Development projects
  • Description of most senior level in organisation that is accountable for implementation of policy: The Management Board (MB) and the Executive Committee (EC)
  • Disclosure of third-party standards or initiatives that are respected through implementation of policy: SBTi standard for carbon reduction ambition, BREEAM environmental certification for development projects, Local regulation such as RE2020 in France
  • Description of consideration given to interests of key stakeholders in setting policy: Stakeholders involved: Group sustainability team, the corporate development and construction teams, development and construction local teams in all Group countries
  • Explanation of how policy is made available to potentially affected stakeholders and stakeholders who need to help implement it: The policy is primarily designed for internal teams and shared with contractors involved in its implementation in development projects

• Green leases policy

  • Description: Contains the clauses URW relies on to engage tenants in the reduction of their energy consumption and related GHG emissions (among other topics)
  • Description of scope of policy or its exclusions: Group (EU/UK/US) Retail + Offices
  • Description of most senior level in organisation that is accountable for implementation of policy: The Management Board (MB) and the Executive Committee (EC)
  • Disclosure of third-party standards or initiatives that are respected through implementation of policy: “Annexe environnementale” French regulation
  • Description of consideration given to interests of key stakeholders in setting policy: Stakeholders involved: Group sustainability team, the corporate technical team (PMPS team), the corporate and French legal teams, the technical local country teams and the asset teams
  • Explanation of how policy is made available to potentially affected stakeholders and stakeholders who need to help implement it: The green lease template is systematically shared with tenants on each new deal.