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URW
Unibail-Rodamco-Westfield (URW) strengthens our commitment to act sustainably and to the Better Places 2030 strategy with a new five-year €3 billion sustainability-linked revolving credit facility
Last April, the Group successfully closed a new revolving credit facility with its margin linked to the Sustainable Target Score of the Group. This score is based on KPIs including energy intensity, carbon emission reductions, the percentage of assets with BREEAM In-Use certification and the percentage of URW employees that have participated in CSR training.
Our score will be evaluated annually over 5 years and if URW achieves or exceeds the objectives, the interest rate of the credit facility will be reduced.
Independent of our targets, we have pledged to invest the equivalent amount of the potential savings from this credit facility in internal CSR projects within the Group. This means guaranteed funding whether we reach the targets or not.
