Unibail-Rodamco-Westfield
ESRS disclosure: ESRS S2 \ DR S2-5
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- Provide a detailed account of the process your organization employs in establishing targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities. Specifically, disclose whether and how your organization has engaged directly with workers within the value chain, their legitimate representatives, or credible proxies with insight into their situation during the target-setting process.
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Question Id: S2-5_01
URW established a mapping of sustainability-related risks in its supply chain in 2021. This mapping allows URW to understand and identify key risks related to sustainability in its upstream value chain and allows the Group to define and implement action plans to manage these risks. The mapping has been designed with specialised external consultants and involved key representatives of functions with high procurement volumes (such as development teams or technical teams) as well as the Group Compliance team.
Report Date: 4Q2023Relevance: 60%
- Provide a detailed account of the process employed by your organization in setting targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities. Specifically, disclose whether and how your organization engaged directly with workers within the value chain, their legitimate representatives, or credible proxies who possess insight into their situation, in tracking your organization's performance against these targets.
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Question Id: S2-5_02
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. 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. URW also employs feedback mechanisms to allow value chain workers to express their concerns and suggestions regarding the impacts of their work.
Report Date: 4Q2023Relevance: 65%
- Has the undertaking disclosed 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 to identify any lessons or improvements resulting from the undertaking's performance?
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Question Id: S2-5_03
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.
Report Date: 4Q2023Relevance: 70%
- What are the intended outcomes that your organization aims to achieve in the lives of value chain workers, as part of the targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities? Please provide a detailed account of the process for setting these targets, including any direct engagement with value chain workers, their legitimate representatives, or credible proxies with insight into their situation.
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Question Id: S2-5_04
The Group aims to continuously raise the level of vigilance and strengthen its procedures to identify, prevent, mitigate and remedy any human rights impact in its supply chain. The Group has made contributions to an industry case study that highlights the construction sector’s initiatives to eradicate modern slavery. The objective is to disseminate this study among influential individuals in the property industry, thereby fostering change.
Report Date: 4Q2023Relevance: 60%
- Provide a detailed account of the processes employed in setting targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities. Include an explanation of whether and how direct engagement with workers in the value chain, their legitimate representatives, or credible proxies was conducted. Additionally, disclose the stability of these targets over time, specifically in terms of definitions and methodologies, to ensure comparability.
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Question Id: S2-5_05
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.
Report Date: 4Q2023Relevance: 65%
- Provide a detailed account of the process your organization employs to establish targets aimed at managing material negative impacts, advancing positive impacts, and addressing material risks and opportunities. Specify whether and how your organization engaged directly with workers in the value chain, their legitimate representatives, or credible proxies with insight into their situation. Additionally, disclose the standards or commitments upon which these targets are based, such as codes of conduct, sourcing policies, global frameworks, or industry codes, in accordance with Disclosure Requirement S2-5.
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Question Id: S2-5_06
URW’s approach to value chain workers is embodied in an interconnected set of policies on human rights, modern slavery, responsible procurement, and Health & Safety, reflecting URW’s commitment to uphold the highest standards in these areas. The policy is based on and aligned with international human rights texts and principles. URW tackles the issue through complementary due diligence mechanisms that contribute to the identification of sustainability risks (including social and human rights risks) across its different purchasing categories and when necessary addresses them with corrective actions.
Report Date: 4Q2023Relevance: 60%