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Sustainable financing

URW places sustainability at the core of its strategy and culture seeing it as having long-term value creation potential for the Group.

Led by its purpose to “Reinvent Being Together” and aligned with its Better Places 2030 ESG programme, URW’s activities and projects help to shape the cities and communities in which it operates, where it focuses on enhancing the positive contributions the company and its assets make, particularly through its ambitious ESG targets including a commitment to a 50% reduction in carbon emissions by 2030.

Its Better Places 2030 programme combines ambitious objectives to reduce the company's environmental footprint, create value for the local communities and drive our internal transformation.



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URW, Unibail-Rodamco-Westfield, Sustainable Financing, Green Financing

Green Financing

URW first issued a Green Financing Framework in 2014, issuing the first industry green bond on the Euro market and the first international non-Swedish green bond on the SEK Corporate market.

With the 2022 update to its Green Financing Framework, URW imposes higher standards on energy performance and updates its eligibility criteria to require buildings to meet BREEAM ‘Excellent’ rather than ‘Very Good’ and be closely connected to public transport.

Framework

2022 Framework

Framework (Green financing Criteria 2022)

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Second Party Opinion

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Investor presentation

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2014 Framework

Framework (Green bonds Criteria 2014)

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Green bonds Indicators 2014

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Outstanding green bonds

ISIN Code Issue date Maturity Date Currency Size (currency) Coupon Final Terms
XS1038708522 February 26, 2014 February 26, 2024 Euros 750 000 000 2.50% Download
XS1218319702 April 15, 2015 April 15, 2025 Euros 500 000 000 1.00% Download
Allocation & impact reports

2021

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2020

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2019

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2018

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2017

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2016

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2015

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Post-issuance external review

2021

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2020

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2019

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2018

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2017

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2016

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2015

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URW, Unibail-Rodamco-Westfield, Sustainable Financing, Sustainability Linked Loans

Sustainability linked financing

URW is a pioneer in the sustainability-linked loan market with the largest sustainability-linked Revolving Credit Facility for a REIT in Europe.

Outstanding financing

Type Issue date Currency Initial amount *
Credit line April 2017 EUR 650,000,000
Credit line May 2018 EUR 400,000,000
Credit line April 2021 EUR 3,100,000,000
Mortgage financing
Backed by Westfield CentrO
June 2022 EUR 700,000,000
5Y Term Loans October 2022 EUR 550,000,000
* 100% raised amount

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