« A » For climate action
We are proud of being part of the elite group of companies leaders on corporate climate action. On January 22nd, 2019, we scored a place on the Climate Change A List by environmental impact non-profit CDP*.
In 2016, we launched our Better Places 2030 strategy, building on the objectives outlined in the Paris Climate Agreement and taking them one step further. We were the first listed real estate company to engage in such a comprehensive strategy, incorporating CSR into our entire value chain with the ambition to reduce our carbon footprint by 50% by 2030.
Our strategy and actions are 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 has recognized our efforts and results in 2018 to cut emissions, mitigate climate risks and develop the low-carbon economy.
CDP is an international non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted number one climate research provider by investors and working with institutional investors with assets of US$87 trillion, CDP leverages investor and buyer power to motivate companies to disclose and manage their environmental impacts.
The Climate Change A List is published by CDP each year, alongside similar lists for leadership on protecting forests and water security. CDP assesses companies on the comprehensiveness of their disclosure, their awareness and management of environmental risks and their demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets.
* The Westfield acquisition was finalised after CDP’s assessment. This assessment covers the Continental European perimeter only. For their 2018 results, Westfield scored A- in the CDP Climate Change List.