Provide a detailed account of the process your organization employs to establish targets for managing material negative impacts, advancing positive impacts, and addressing material risks and opportunities. Specifically, clarify whether and how your organization engages directly with consumers, end-users, their legitimate representatives, or credible proxies with insights into their situation. Furthermore, when disclosing participation in an industry or multi-stakeholder initiative aimed at addressing material negative impacts, elucidate how the initiative, along with your organization's involvement, seeks to address the material impact in question. Additionally, disclose any relevant targets set by the initiative and the progress made towards achieving them, as per the requirements outlined in ESRS S4-5.

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Accepted Answer

URW aims to obtain the Better Places Certification for 10 European assets by 2025 and for all assets by 2027. The certification integrates the Sustainability Retail Index results, which URW plans to deploy to 100% of its eligible revenues by 2027. The eligible revenues are based on inclusions in Minimum Guaranteed Rent (MGR) from the following categories of retailers: Fashion, Sport Apparel, Jewellery, Bags & Footwear & Accessories, Health and Beauty, Home, Culture & Technology, and Food & Beverage. By 2025, all assets will host at least 1 annual campaign or event to raise sustainable awareness, such as the Westfield Good Festival.

Unibail-Rodamco-Westfield

ESRS disclosure: S4-4_14

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