URW's materiality analysis considered the Company's activities directly and indirectly impacting the sustainability topics identified. This impact framework provided URW with an understanding of how companies of the real estate sector and related sectors depend on nature or society. During this phase, URW considered a sustainability topic to be significant from an impact perspective if it related to the Company's tangible or potential influences (influences meaning the impacts associated with URW's own operations and its value chain, including its business relationships).