Unibail-Rodamco-Westfield: A new ambition for Better Places 2030
July 09 2019 - 10:59AM
Paris, Amsterdam, July 9, 2019
Press release
A new ambition for Better Places
2030, Unibail-Rodamco-Westfield’s CSR
strategy
Unibail-Rodamco-Westfield, the
premier global developer and operator of flagship shopping
destinations, today presents its expanded Better Places 2030
Corporate Social Responsibility strategy.
Better Places 2030 was launched in 2016. Its
main objective was to reduce the Group’s carbon emissions by -50%
by 2030(1). With this strategy, the Group became the first listed
real estate company to address, in addition to its own direct
emissions, the various indirect emissions resulting from
construction works, tenant energy consumption and transportation of
visitors to access its assets.
One year after the formation of
Unibail-Rodamco-Westfield, the Group is taking this ambition one
step further. The programme now extends to the new regions of the
Group (the United States and the United Kingdom), making each of
its countries, assets and 3,700 employees active contributors to
its CSR objectives. Better Places 2030 rests on three pillars:
Better Spaces, Better Communities and Better Together. The Group’s
ambition to halve its carbon footprint remains central. In
addition, Better Places 2030 will tackle new challenges such as
responsible consumption and the circular economy. CSR will also be
instrumental in the Group’s HR strategy, through an increased
commitment to diversity and inclusion. All employees will have a
personal CSR objective as part of their annual targets.
Christophe Cuvillier, Group CEO at
Unibail-Rodamco-Westfield, said: “Corporate Social Responsibility
has been part of our DNA for more than a decade. I believe we have
the power to positively impact the environment and local
communities in all our regions and all our assets. Our shopping
centres welcome 1.2 billion visits annually in 12 countries, our
office buildings are home to hundreds of companies, our Convention
and Exhibition venues host millions of visitors from all over the
world. The potential is immense, so is our responsibility”.
Astrid Panosyan, Group Chief Resources Officer
at Unibail-Rodamco-Westfield, said: “In less than three years,
Better Places 2030 has significantly changed the way we do
business. Our CSR ambition is now embedded in all key decision
making processes. Our efforts have been recognised by industry
stakeholders and investors, with major international CSR awards. It
has been an inspiring journey that confirms that acting together is
key: our decision to partner with local authorities, start-ups,
corporates and local NGOs was the right one. Today, we accelerate
with an upgraded strategy, and deploy it in all the countries in
which the Group operates”.
Better Places 2030 addresses the main challenges
facing commercial real estate: moving towards a low-carbon economy
and sustainable mobility, fully integrating business activities
within local communities and empowering teams on sustainability and
diversity.
The objectives of each of the three pillars of
Better Places 2030 are the following:
1. Better Spaces - to cut carbon
emissions across the Group's value chain by -50%, by:
- minimising the environmental impact
through innovative design and construction;
- collaborating with tenants and
contractors for efficient resource use;
- ensuring access to public transport
and sustainable mobility;
- contributing to greener cities by
protecting biodiversity.
Examples of targets:
- 50% of visitors accessing its
assets by sustainable means of transport by 2030;
- Multiply the installed capacity of
on-site renewable energy fivefold by 2025.
2. Better Communities - to be a
catalyst for growth within the communities in which the Group
operates, by:
- fostering local economic
development;
- supporting local partners;
- promoting healthier and more
responsible consumption.
Examples of targets:
- 100% of owned and managed assets
with a community resilience action plan by 2020;
- 100% of flagship assets supporting
and promoting at least one sustainable consumption initiative by
2022.
3. Better together: to empower URW
employees to become sustainability and diversity change-makers,
by:
- promoting diversity and inclusion
throughout the organisation;
- developing and training
talent;
Example of target:
- 100% of Group employees with yearly
individual CSR objectives by 2020.
(1) in comparison with 2015 figures
For further information, please contact:
Investor Relations Samuel WarwoodMaarten
Otte+33 1 76 77 58 02Maarten.otte@urw.com
Media RelationsTiphaine Bannelier-Sudérie+33 1
76 77 57 94Tiphaine.Bannelier-Suderie@urw.com
About
Unibail-Rodamco-Westfield
Unibail-Rodamco-Westfield is the premier global
developer and operator of flagship shopping destinations, with a
portfolio valued at €65.2 Bn as at December 31, 2018, of which 87%
in retail, 6% in offices, 5% in convention & exhibition venues
and 2% in services. Currently, the Group owns and operates 92
shopping centres, including 55 flagships in the most dynamic cities
in Europe and the United States. Its centres welcome 1.2 billion
visits per year. Present on 2 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 3,700
professionals and an unparalleled track-record and know-how,
Unibail-Rodamco-Westfield is ideally positioned to generate
superior value and develop world-class projects. The Group has a
development pipeline of €11.9 Bn.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 an A rating from Standard &
Poor’s and from an A2 rating from Moody’s.
For more information, please visit
www.urw.comVisit our Media Library at
https://mediacentre.urw.comFollow the Group updates on Twitter
@urw_Group, Linkedin @Unibail-Rodamco-Westfield and Instagram
@urw_GroupAccess the URW 2018 report at
https://report.urw.com/2018/
- URW_Better Places 2030_09072019_FINAL
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