Unibail-Rodamco-Westfield
Retail REITs
France
ESRS disclosure: S3-4_10
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- Does the undertaking disclose whether and how it ensures that its own practices do not cause or contribute to material negative impacts on affected communities? This includes detailing actions taken to avoid such impacts, particularly in areas such as planning, land acquisition, exploitation, finance, extraction or production of raw materials, use of natural resources, and management of environmental impacts. Additionally, does the disclosure address the approach taken when tensions arise between preventing or mitigating material negative impacts and other business pressures?
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Question Id: S3-4_10
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.
Report Date: 4Q2023Relevance: 65%