Unibail-Rodamco-Westfield
Retail REITs
France
ESRS disclosure: S4-4_17
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- Does the undertaking disclose the process for setting targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities, including whether and how it engaged directly with consumers and/or end-users, their legitimate representatives, or credible proxies with insight into their situation? Additionally, does the undertaking disclose whether any initiatives or processes aimed at delivering positive impacts for consumers and/or end-users are also designed to support the achievement of one or more of the UN Sustainable Development Goals, such as through commitments like advancing UN SDG 3 to ensure healthy lives and promote well-being for all at all ages?
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Question Id: S4-4_17
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.
Report Date: 4Q2023Relevance: 30%