Unibail-Rodamco-Westfield
Retail REITs
France
ESRS disclosure: S2-4_14
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- 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%