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Sustainable financing

Led by its purpose to “Reinvent Being Together” and aligned with its Better Places ESG plan, URW’s activities and projects help to shape the cities and communities in which it operates, where it focuses on enhancing the positive contributions the company and its assets make, particularly through its ambitious ESG targets including a commitment to being net zero across scopes 1 & 2 by 2050 and across all scopes by 2050.

The Better Places plan combines ambitious objectives to reduce the company’s environmental footprint, create value for the local communities and facilitate the sustainable transition of cities.



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URW, Unibail-Rodamco-Westfield, Sustainable Financing, Green Financing

Green Financing

URW first issued a Green Financing Framework in 2014, issuing the first industry green bond on the Euro market and the first international non-Swedish green bond on the SEK Corporate market.

With the 2022 update to its Green Financing Framework, URW imposes higher standards on energy performance and updates its eligibility criteria to require buildings to meet BREEAM ‘Excellent’ rather than ‘Very Good’ and be closely connected to public transport.

Framework

2022 Framework

Framework (Green financing Criteria 2022)

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Second Party Opinion

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Investor presentation

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2014 Framework

Framework (Green bonds Criteria 2014)

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Green bonds Indicators 2014

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Outstanding green bonds

ISIN Code Framework Issue date Maturity Date Currency Size (currency) Coupon Final Terms
XS1218319702 2014 April 15, 2015 March 14, 2025 Euros 500 000 000 1.00% Download
FR001400MLN4 2022 December 11, 2023 December 11, 2030 Euros 750 000 000 4.125% Download
FR001400SIL1 2022 September 11, 2024 September 11, 2029 Euros 650 000 000 3.500% Download
FR001400SIM9 2022 September 11, 2024 September 11, 2034 Euros 600 000 000 3.875% Download
Allocation & impact reports

2023

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2022

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2021

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2020

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2019

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2018

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2017

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2016

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2015

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Post-issuance external review

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URW, Unibail-Rodamco-Westfield, Sustainable Financing, Sustainability Linked Loans

Sustainability linked financing

URW is a pioneer in the sustainability-linked loan market with the largest sustainability-linked Revolving Credit Facility for a REIT in Europe.

Outstanding financing

Type Issue date Currency Initial amount *
Credit line April 2021 EUR 3,100,000,000
Mortgage financing
Backed by Westfield CentrO
June 2022 EUR 700,000,000
Term Loans & Credit Lines 2022 and 2023 EUR 3,000,000,000
Credit Line 2024 EUR 1,950,000,000
* 100% raised amount

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