Unibail-Rodamco-Westfield
Retail REITs
France
ESRS disclosure: S3-4_15
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- Provide a detailed account of the process your organization employs to establish targets related to managing material negative impacts, advancing positive impacts, and addressing material risks and opportunities. Specifically, disclose whether and how your organization has engaged directly with affected communities, their legitimate representatives, or credible proxies with insight into their situation. Additionally, describe the role these communities, representatives, or proxies play in decision-making processes concerning the design and implementation of initiatives or programs aimed at delivering positive impacts based on the needs of the affected communities.
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Question Id: S3-4_15
URW will strive to strengthen 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%