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Unibail-Rodamco-Westfield (URW) is a publicly listed company headquartered in Paris, France. URW owns, develops and operates convention and exhibition venues, shopping centres and offices in Europe and the United States. The company operates 78 shopping centres in 12 countries, including 45 that carry the Westfield brand name.
Summary
URW demonstrates clear progress on key urban sustainability topics, although it has many opportunities to improve its performance. The company discloses its materiality assessment to identify its most material sustainability topics. It also discloses that its highest governance body has expertise in environmental, social and governance (ESG) topics. Moreover, the company collaborates with local authorities to improve the socio-economic impacts of its development projects.
URW reports that it respects human and labour rights, as well as the rights of indigenous communities, and seeks their free, prior, and informed consent. However, the company could strengthen its commitment by disclosing its process for identifying and mitigating its most significant human rights risks. Additionally, in its property acquisition practices, URW should conduct due diligence to identify legitimate rights holders, particularly those who are vulnerable. On the environmental front, the company has set targets aligned with the 1.5°C pathway for reducing greenhouse gas emissions, alongside achieving consecutive reductions in energy use. It can, however, improve transparency regarding its risk assessment processes for all types of natural disasters relevant to its operations to demonstrate its preparedness for natural disasters.
Ranking position
#10
/300
Total score
33.7
/100
Measurement area
Score
Rank (0-300)
Measurement area
Governance & Strategy
Score
# 1
33.3
/100
Rank (0-300)
#5
Measurement area
Inclusive Cities
Score
# 1
30.0
/100
Rank (0-300)
#64
Measurement area
Healthy Cities
Score
# 1
24.2
/100
Rank (0-300)
#13
Measurement area
Climate Proof & Resilient Cities
Score
# 1
36.7
/100
Rank (0-300)
#5
Measurement area
Core Social Indicators
Score
# 1
44.4
/100
Rank (0-300)
#11
Industries
Industries
Real estate
#2
More about the company
Headquarters
France
Ownership structure
Public
Revenue
USD 3,162 billion (2022)
Number of employees
2660 (2022)
Website
https://www.urw.com
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