Better Health for All

Unibail-Rodamco-Westfield (URW) operates shopping centers and properties. While the company has introduced initiatives such as a 50,000 sq ft Health & Wellness Village at Westfield London and a wellness kiosk at JFK Terminal 8, these are spaces leased to third-party health and wellness brands and operators, not direct health products or services provided by URW itself.

The company's core business of owning and managing retail properties does not directly involve developing medical treatments, providing preventative healthcare solutions, or championing mental and physical wellness programs as defined by the 'Better Health for All' value. The provided articles do not contain specific quantitative data on the health impact of URW's principal goods or services, revenue from health-related activities, user safety records, pricing, reach to vulnerable populations, risk transparency, health innovation investment, health externalities, health equity programs, healthcare workforce support, preventative health measures, healthcare data responsibility, global health crisis response, mental health initiatives, pharma patent flexibility, nutrition and food safety, healthcare education, addiction mitigation, or clinical trial ethics that would allow for scoring against the rubric's thresholds. Information regarding employee wellness programs and workplace safety is explicitly excluded from this value's scope.

Fair Money & Economic Opportunity

Unibail-Rodamco-Westfield (URW) is a real estate developer and operator, not a financial institution that offers lending, insurance, or deposit services to consumers.

The company's core business lies outside finance, and therefore, the KPIs under the 'Fair Money & Economic Opportunity' value, which are designed for financial service providers, are not applicable. There is no evidence of consumer credit products, APRs, fee structures, loan books, or financial literacy programs. While URW engages in extensive community support, job training, and social inclusion programs, these initiatives do not fall under the specific financial inclusion metrics of this value.

Fair Pay & Worker Respect

The company's overall employee satisfaction rating from Indeed.com reviews is 3.4 out of 5 stars, which translates to 68/100.

This score indicates a healthy workplace culture. Employee reviews also mention a high voluntary turnover rate, which aligns with a stable workforce but not exceptional retention.

Honest & Fair Business

The company scored 92/100 in the 2024 GRESB Assessment.

URW has a Whistleblowing Policy with a 24/7, multi-language Integrity Line, offering anonymity, confidentiality, and protection against retaliation. The Group Compliance Officer investigates concerns, provides receipt confirmations, and informs whistleblowers of results, with disciplinary measures taken as appropriate. 99% of URW NV's property portfolio and intangible assets were valued by independent appraisers. Morningstar Sustainalytics rated the company as 'negligible risk', placing it in the top 15% of controversy scores. URW has a Group Anti-Corruption Program, a Code of Ethics prohibiting illegal sums and restricting gifts, and conducts annual e-learning for all employees and periodic classroom training for exposed departments. The company commits to publishing extra-financial information annually, which is reviewed by an independent third party.

No War, No Weapons

Unibail-Rodamco-Westfield (URW) has been a signatory to the UN Global Compact since 2004 and aligns its human rights approach with the United Nations Guiding Principles on Business and Human Rights, the OECD Guidelines for Multinational Enterprises, the International Bill of Human Rights, and the International Labour Organization Declaration.

The company commits to undertaking due diligence on its suppliers to mitigate against modern slavery and human trafficking. All employees, managers, and directors complete a yearly e-learning module on the Code of Ethics and the Anti-Corruption Program, with periodic classroom trainings for exposed departments. The Code of Ethics sets out principles for day-to-day activities, based on compliance procedures and a zero-tolerance policy for violations. Prior to engaging with business partners, URW performs due diligence checks to identify and assess potential acts of corruption or influence peddling, and to evaluate violations related to illegal employment of migrant workers, human trafficking, and modern slavery. Failure to observe rules and principles described in the Code of Ethics could give rise to legal and/or disciplinary action against the employee concerned and may be reported to the appropriate authorities.

Planet-Friendly Business

URW has SBTi-validated net-zero targets for Scopes 1 & 2 by 2030 and Scopes 1, 2 & 3 by 2050, being the first retail real estate company in the EU to achieve this.

The company sources 100% of its electricity consumption from renewable sources group-wide since 2021. As of 2024, 30% of its European retail portfolio facilities are certified under the Better Places standard, with a goal of 100% by 2027. The company's waste sent to landfill was 22.9% in 2024, indicating a waste diversion rate of 77.1%, with a target of zero waste to landfill by 2025 in Europe. URW aims for 100% of assets in water-stressed areas to implement water reuse solutions by 2025, and 100% of the portfolio by 2030. No environmental compliance violations were mentioned across the provided articles.

Respect for Cultures & Communities

No specific, concrete data points were found in the provided articles for Unibail-Rodamco-Westfield (URW) regarding any of the KPIs related to Respect for Cultures & Communities.

Information about formal partnerships, reinvestment in local communities, cultural appropriation incidents, cultural impact assessment protocols, local employment ratios, grievance mechanisms, complaint resolution times, FPIC participation, community governance inclusion, cultural preservation investment, local procurement, indigenous suppliers, cultural site protection, social license, charitable giving for cultural heritage, community fund allocation, language inclusivity, cultural incident response, or cultural training completion was not explicitly stated for URW. While some articles mention general community engagement or sustainability efforts, they do not provide the specific quantitative data required by the rubric for URW.

Zero Waste & Sustainable Products

In 2024, the company's waste diversion rate for the Group was 77.1%, with a recycling rate of 47.2%.

This is an improvement from 2023, where 75.3% of waste was diverted. URW has a target to achieve zero waste to landfill by the end of 2025, and a 70% recycling rate by 2030. The company also aims to engage tenants to reduce waste by 15% by 2030. URW integrates circular economy solutions and bio-sourced materials in construction to reduce GHG emissions. They have implemented waste reduction initiatives, including working with waste contractors to enhance recovery channels, incentivizing tenants to limit waste, and partnering with specialized operators to limit food waste. The Carrot Insight platform was implemented in 2024 across food courts in two UK shopping centers to optimize waste management. URW organized at least one annual campaign or event in 2023 and 2024, such as the Westfield Good Festival, across 100% of its retail assets in Europe and the US to raise awareness on sustainability. 14 shopping centers were certified with the Better Places Certification in 2024, exceeding the initial objective of 10 assets, with a target to certify 100% of the European retail portfolio by 2027.