Better Places 2030 builds on the United Nations Sustainable Developpement Goals. With our Sustainability strategy, we contribute directly to 10 out of 17 of theses goals, with a strong focus on the "Sustainable cities and communities" objective. The external recognitions that we received for our relentless efforts make us proud.
Cut carbon emissions across our value chain by -50% by 2030
Reduce emissions from construction by -35 % by 2030
100% development projects to integrate a circular economy design solution by 2025
The requirement for the integration of circular economy design solutions in the development projects has been added in the Group Sustainability Brief in 2020 and will be closely monitored through a dedicated assessment tool.
100% development projects to include long-term climate risks, while minimising resource use and maintaining user comfort by 2025
The requirement for the study of climate risks faced by development projects has been added in the Group sustainability brief in 2020 and will be closely monitored through a dedicated assessment tool.
Reduce emissions from operations by -80 % by 2030
(1) Total operated area.
Improve the energy efficiency of our assets by 30% by 2030
Multiply the installed capacity of on-site renewable energy five-fold by 2025
100% of our assets to include a climate change risk plan by 2022
Based on the Group risk assessment of long-term climate change risks delivered in 2019, the Group will work on adaptation plans for its standing assets.
Aim to send zero waste to landfill by 2025
Reduce emissions from transport by -40 % by 2030
50% of visitors to access Group assets by sustainable means of transport by 2030
100% development projects significantly connected to public transport solutions by 2025
Develop a Group Biodiversity Strategy by 2022
The Group Biodiversity Strategy has been developed in 2020 with, in addition to the two existing commitments, a new one on having 100% new development projects to achieve a biodiversity net gain by 2022.
100% standing assets with high biodiversity stakes to implement a biodiversity action plan by 2022
In 2020, the new Group Biodiversity Strategy brought details and operational guidance for this commitment on both high biodiversity stakes assets and action plans.
100% development projects to implement a biodiversity action plan by 2022
In 2020, the new Group Biodiversity Strategy brought details and operational guidance for this commitment. Biodiversity-related themes are also monitored in the new development project assessment tool.
€20 Mn of social value generated through community oriented programmes in 2021
100% of Flagship assets to support local entrepreneurship through commercial partnerships and regional networks from 2020 onwards
(1) Despite strong engagement towards local entrepreneurs and small businesses throughout the year to help them maintain their activities or grow, the activity restrictions in several countries prevented the Group from achieving its target.
1,000 people to integrate a job or a qualifying training certification through the URW for Jobs programme from 2020 onwards
(2) Several shopping centres did not conduct URW for Jobs in 2020 and 2021 due to the COVID-19 pandemic (closures and cancelled job events in line with governmental health and safety restrictions).
100% of Flagship assets to support at least one local charity or NGO-sponsored long-term project (>two years) by 2022
Collaborate with tenants to increase transparency of brands on health and sustainability, and to expand healthy and sustainable alternatives in 100% of Flagship assets by 2025
The Group pursued the integration of sustainable brands (brands integrating sustainability as heart of their processes and products) in its portfolio to enrich its alternative sustainable offer. In parallel, concrete discussions with retailers were undertaken on their sustainability policies, for the Group to engage and support their efforts when relevant.
100% of Flagship assets support and promote at least one sustainable consumption initiative by 2022
100% of Group employees with yearly individual Sustainability objectives from 2020 onwards
(1) 1% of employees were unable to set a Sustainability objective in time before the end of the performance assessment period.
Achieve a 60/40 gender balance by 2025 in senior management roles
Improve employee engagement on Diversity and Inclusion
A new Group Employee Pulse Survey was rolled out, with 64% of respondents strongly stating that URW is committed to Diversity and Inclusion. The survey will be rolled out each year.
Develop and roll-out Groupwide leadership and management programmes integrating Sustainability by 2022
In 2021, dedicated Climate Change Training was delivered for Executive Committee members, and a Sustainability-driven project was integrated into URW’s High Potential programme for future leaders.
100% of Group employees to have participated in Sustainability training by 2022
100% of Group employees take part in the URW Volunteering Programme annually from 2020 onwards
(2) The COVID-19 crisis and associated closures and lockdown periods prevented the Group from reaching its objective. At the end of 2021, the Group’s employees contributed more than 7,096 volunteering hours. With teams working remotely, the assets demonstrated new ways to support their communities, fighting and preventing the spread of the virus, strengthening local cohesion and protecting the most vulnerable.
100% of our countries to implement Work Greener and employee Well-being programmes from 2020 onwards
ESG indices, ratings and awards
Unibail-Rodamco-Westfield is constantly recognised for its sustainability and performance. Our ESG performance is regularly assessed by analysts, researchers, investors and third-party certification bodies that rank us as one of the most sustainable companies in the industry.
CDP Climate Change A List
URW was highlighted as a global leader on corporate climate action by global environmental impact non-profit CDP achieving a place on the CDP Climate Change A List (score on a scale of A to D-) in 2022 for the fourth year in a row(1)
More information on CDP here
CDP Supplier Engagement Leaderboard
In December 2022, MSCI confirmed the presence of URW in the following ESG indices: MSCI Global Green Building, MSCI World ESG Leaders, MSCI Europe ESG Leaders, MSCI France ESG Universal, and MSCI World Low Carbon leaders.
More information on MCSI ESG ratings, ratings and awards here
ISS ESG Corporate rating
More information on ISS ESG here.
In October 2022, URW received an ESG Risk Rating of 4.7 and was assessed by Sustainalytics to be at Negligible risk of experiencing material financial impacts from ESG factors. URW’s ESG Risk Rating by Sustainalytics places the Group at the 2nd rank and in the 1st percentile of the Real Estate Industry group assessed by Sustainalytics, as well as at the 7th rank in the global rated universe (15,000+ companies). URW’s management score of ESG issues assessed by Sustainalytics is strong (81.9/100).
URW is also included in Sustainalytics’ list of 2023 Top-Rated of ESG Companies for the “ESG Global 50 Top-Rated”, “ESG Industry Top-Rated” and the “ESG Regional Top-Rated” categories.
More information on Sustainalytics here.
Moody’s ESG Solutions (formerly V.E)
In 2022, URW was rated 67/100 for its global ESG performance, positioning the Group at an advanced performance level, and ranked 3rd in its sector (Financial Services – Real Estate).
More information on V.E here
GRESB (Global Real Estate Sustainability Benchmark)
In 2022, the Group received a ‘5 Star’ rating, which recognises entities with the highest performance levels in the GRESB benchmark. URW ranked among the top 20 rated entities worldwide.
More information on GRESB here
Euronext ESG Indices
In November 2022, the Group was reconfirmed in the World 120, Europe 120, Eurozone 120 and France 120 Euronext Vigeo indices (since 2013).
It is also a component of the following ESG indices: CAC 40 ESG, Euronext CDP Environment ESG Eurozone, Euronext Green Planet France, Euronext Equileap Gender Equality Eurozone 100.
For further information on the inclusion of URW in Euronext’s ESG indices, please consult the following link.
FTSE4Good Index series
The June 2022 Index Review reconfirmed Unibail-Rodamco-Westfield as a member of the FTSE4GOOD Index Series (since 2005).
More information on FTSE4Good here
Solactive Corporate Social Responsibility Indices
URW has been confirmed as part of the Solactive Europe Corporate Social Responsibility Index and the Solactive Global Corporate Social Responsibility Index (formerly the Ethibel Sustainability Index Excellence Europe and the Ethibel Sustainability Index Excellence Global of which URW is part since 2011).
In December 2022, Unibail-Rodamco-Westfield was confirmed for inclusion in the following ECPI® indices: ECPI EMU Ethical Price Index, ECPI Euro ESG Index, ECPI Global ESG Gender Equality Index, ECPI World ESG Index.
More information on ECPI here
EPRA Gold Award
The EPRA (European Public Real Estate Association) has developed its Best Practices Recommendations on Sustainability Reporting (sBPR). For the eleventh time in a row, Unibail-Rodamco-Westfield received the EPRA Gold Award in 2022 for completing its 2021 reporting in accordance with the EPRA Sustainability.