Unibail-Rodamco-Westfield
ESRS disclosure: S2-3_12
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- 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 detailing whether and how it engaged directly with workers in the value chain, their legitimate representatives, or credible proxies? Furthermore, does the undertaking describe the processes to remediate negative impacts and the channels available for value chain workers to raise concerns, including whether these mechanisms protect individuals against retaliation, treat grievances confidentially, respect privacy and data protection rights, and allow for anonymous submissions, such as through third-party representation?
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Question Id: S2-3_12
The Group's ERM framework and Risk Management Policy cover compliance with human rights for workers in the value chain. URW's human rights due diligence ensures that URW effectively identifies, assesses, and addresses potential human rights risks and impacts associated with its operations, when deemed necessary and material through a risk assessment. It is based on multiple complementary internal mechanisms and aims to align with international standards to promote respect for human rights and uphold the Group’s corporate responsibility. The Group’s annual risk review addresses human rights impacts particularly through human resources and compliance risks. URW strives to conduct a materiality analysis covering all the Group’s operations and potential human rights impacts, considering local laws, regulations and socio-political conditions. Upon identifying potential human rights risks and impacts associated with its activities, operations, and business relationships, URW will make reasonable endeavours to implement corrective actions.
Report Date: 4Q2023Relevance: 60%