Unibail-Rodamco-Westfield: CARBON DISCLOSURE PROJECT (CDP) AWARDS HIGHTEST GRADE TO UNIBAIL-RODAMCO-WESTFIELD
December 07 2021 - 11:45AM
Paris, Amsterdam, December 7, 2021
Press release
CARBON DISCLOSURE PROJECT (CDP)
AWARDS HIGHTEST GRADE TO
UNIBAIL-RODAMCO-WESTFIELD FOR THE FOURTH CONSECUTIVE
YEAR.
Selected out of approximately 12,000
institutions, URW is included in
the CDP’s "A list" of
organizations committed to tackling climate
change.
For the fourth year in a row,
Unibail-Rodamco-Westfield’s Better Places 2030
Corporate Social Responsibility (CSR) strategy received an “A”
grade for its ambitious targets to reduce greenhouse gas emissions,
mitigate climate risks and develop a low-carbon economy. Committed
to addressing the main challenges facing commercial real estate,
the strategy aims at a 50% reduction of its emissions across the
entire business value chain by 2030 compared to 2015 levels (-35%
in construction, -80% in operations and -40% in transport).
In addition to this recognition, as a member of
the Ambition for 1.5°C campaign, URW has already set emissions
reduction targets across all relevant scopes, in line with 1.5°C
emissions scenario, which were validated by the Science Based
Targets Initiative (SBTi). The Group has also recently stepped
forward joining the Net Zero Initiative (NZI) led by Carbone 4, to
develop a framework for collective carbon neutrality. The Net Zero
Initiative (NZI) project is at the crossroads of climate science
and the business community and aims to define an ambitious climate
action plan for companies wishing to contribute to net zero and
align on key priorities.
Jean-Marie Tritant, Chief Executive
Officer at Unibail-Rodamco-Westfield, said: “We are very
proud to be included again this year in the list of the best
performing companies on climate change. This rating distinguishes
all the initiatives taken within the Group, and I would like to
thank our teams who have worked on them on a daily basis. While it
is an important recognition, it more importantly drives us to go
further and always do our best to enable Unibail-Rodamco-Westfield
to be a force for sustainability and to have a positive impact in
the community”.
Paul Simpson, Chief Executive
Officer at the CDP, said: “Many congratulations to all the
companies on this year’s A List. Taking the lead on environmental
transparency and action is one of the most important steps
businesses can make, even more so in the year of COP26 and the
IPCC’s Sixth Assessment Report. The scale of the risk to businesses
from climate change can no longer be ignored, and we know the
opportunities of action far outweigh the risks of inaction”.
To achieve this award, a detailed and
independent methodology is used by CDP to assess participating
companies, allocating a score of A to D- based on the
comprehensiveness of disclosure, awareness and management of
environmental risks and demonstration of best practices associated
with environmental leadership, such as setting ambitious and
meaningful targets. More information on the methodology and
criteria is available on the CDP’s website at:
https://www.cdp.net/en/companies/companies-scores.
For further information please contact:
Investor RelationsSamuel Warwood+33 7 60 44 10
25Samuel.Warwood@urw.com
Media RelationsPauline Duclos-Lenoir+33 7 60 30
63 54Pauline.Duclos-lenoir@urw.com
About Unibail-Rodamco-Westfield
Unibail-Rodamco-Westfield is the premier global
developer and operator of Flagship Destinations, with a portfolio
valued at €55.0 Bn as at June 30, 2021, of which 86% in retail, 7%
in offices, 5% in convention & exhibition venues and 2% in
services. Currently, the Group owns and operates 86 shopping
centres, including 53 Flagships in the most dynamic cities in
Europe and the United States. Present on two continents and in 12
countries, Unibail-Rodamco-Westfield provides a unique platform for
retailers and brand events and offers an exceptional and constantly
renewed experience for customers.
With the support of its 2,900 professionals and
an unparalleled track-record and know-how,
Unibail-Rodamco-Westfield is ideally positioned to generate
superior value and develop world-class projects.
Unibail-Rodamco-Westfield distinguishes itself
by its Better Places 2030 agenda, that sets its ambition to create
better places that respect the highest environmental standards and
contribute to better cities.
Unibail-Rodamco-Westfield stapled shares are
listed on Euronext Amsterdam and Euronext Paris (Euronext ticker:
URW), with a secondary listing in Australia through Chess
Depositary Interests. The Group benefits from a BBB+ rating from
Standard & Poor’s and from a Baa2 rating from Moody’s.
For more information, please visit www.urw.com.
Visit our Media Library at https://mediacentre.urw.comFollow the
Group updates on Twitter @urw_group, Linkedin
@Unibail-Rodamco-Westfield and Instagram @urw_group
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