Better Places 2030 builds on the United Nations Sustainable Developpement Goals. With our CSR 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.
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.
In 2020, the new Group Biodiversity Strategy brought details and operational guidance for this commitment on both High biosdiversity stakes assets and action plans.
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.
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.
In 2020, a Group-wide CSR e-Learning was designed to be delivered to employees in 2021. Additionally, dedicated technical training was offered to relevant teams, including carbon footprint assessment methodology for Development projects and Sustainable Consumption training for the Leasing department.
CDP Climate Change A List
CDP is an international non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. For the third year in a row, Unibail-Rodamco-Westfield scored a place on the Climate Change A List by CDP.
FTSE4Good (member since 2005)
The FTSE4Good Index Series is a set of market capitalization-weighted indexes to measure the performance of companies that meet globally recognized corporate social responsibility standards. The June 2020 Index Review confirmed Unibail-Rodamco-Westfield as a member of the Series.
Ethibel Sustainability Index (Excellence since 2011, Pioneer since 2013)
The Ethibel Sustainability Index (ESI) contains companies that display the best performance in terms of corporate social responsibility. Unibail-Rodamco-Westfield has been reconfirmed as a constituent of both the ESI Excellence Europe and the ESI Excellence Global since September 2019.
ECPI Indices (since 2007)
ECPI is a leading rating and index company dedicated to ESG Research (Environmental, Social and Governance). In 2019, Unibail-Rodamco-Westfield was confirmed for inclusion in the following ECPI® indices: ECPI Global Eco Real Estate & Building Liquid, ECPI World ESG Equity, ECPI Euro ESG Equity, ECPI Global Ethical Equity, ECPI EMU Ethical Equity, and ECPI Euro Ethical Equity.
Global Real Estate Sustainability Benchmark (GRESB)
Unibail-Rodamco-Westfield has been ranked 2nd in the Retail Listed Europe sector, with a score of 93/100, and has been recognised Global Listed Development Sector Leader for Diversified - Office/Retail portfolios, with a score of 94/100.
Unibail-Rodamco-Westfield also achieved a GRESB 5 Star rating for the 10th year in a row.
ISS ESG is one of the world’s leading rating agencies. The Group was rated B for its ESG practices in June 2020. Unibail-Rodamco-Westfield received again the Prime status, awarded to companies with an ESG performance above the sector-specific Prime threshold, which means that they fulfil ambitious absolute performance requirements. We are also ranked in the 1st decile.
Vigeo Eiris is a European expert in the assessment of companies and organisations with regard to their practices and performance on environmental, social and governance issues. Unibail-Rodamco-Westfield was ranked as “Top performer” for Europe in the 2019 Real Estate Sector ESG assessment. In June 2019, the Group was also confirmed in the Euronext Vigeo indexes: World 120, Eurozone 120, Europe 120 and France 20.
MSCI ESG indices, ratings and awards
MSCI is a leading provider of critical decision support tools and services for the global investment community. The Group received a rating of AAA (on a scale of AAA-CCC) in the MSCI ESG indices, ratings and awards assessment.
CDP Supplier Engagement Leaderboard
Unibail-Rodamco-Westfield was awarded a position on the Supplier Engagement Leaderboard (recognised to be among the top 3% of organisations assessed by CDP).
For the first time in 2019, Unibail-Rodamco-Westfield was rated by Standard Ethics, an independent sustainability rating agency aiming to promote sustainability and governance standard principles from the European Union, the OECD and the United Nations, and obtained an EEE- ‘Excellent’ grade (on a scale of EEE to F).
EPRA Gold Award
The EPRA (European Public Real Estate Association) has developed its Best Practices Recommendations on Sustainability Reporting (sBPR). For the ninth time in a row, Unibail-Rodamco-Westfield received the EPRA Gold Award in 2020 for completing its 2019 reporting in accordance with the EPRA Sustainability BPR.
In November 2020, Unibail-Rodamco-Westfield received an ESG Risk Rating of 7.4 and was assessed by Sustainalytics to be at Negligible risk of experiencing material financial impacts from ESG factors.
URW’s ESG Risk Rating places it at the 4th rank and in the 1st percentile of the Real Estate Industry assessed by Sustainalytics, as well as at the 13th rank in the Global rated universe (12,000+ companies). URW’s management score of ESG issues assed by Sustainalytics is strong (71.5/100).
More information on Sustainalytics here.