For the second year in a row, Unibail-Rodamco-Westfield has been highlighted as a global leader on corporate climate transparency and action by environmental impact non-profit Carbon Disclosure Project (CDP), achieving a score of “A” for its 2019 climate change response, the highest in the CDP Climate Change assessment.
The group said that the top grade is 'another signal of the relevance and strength of its CSR Strategy and a recognition of its commitment for climate'.
Better Places 2030 was launched in 2016. Its main objective was to reduce the Group’s carbon emissions by -50% by 20301. 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.
In addition, Better Places 2030 now tackles new challenges such as responsible consumption and the circular economy. CSR is also instrumental in the Group’s HR strategy, through an increased commitment to diversity and inclusion.
CDP is an international non-profit organisation that monitors and encourages companies and governments in their efforts to reduce greenhouse gas emissions, safeguard water resources and protect forests. The Climate Change “A List” is published by CDP each year, alongside similar lists for leadership on protecting forests and water security. CDP assesses companies on the comprehensiveness of their disclosure, their awareness and management of environmental risks and their demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets.