Industry-first association launch Sustainable Retail Index Association

25 Feb Industry-first association launch Sustainable Retail Index Association

(Oilandgaspress) – Unibail-Rodamco-Westfield (URW) and Ingka Centres today announce the launch of the Sustainable Retail Index Association, an independent organization that will establish a recognized common standard for measuring and improving sustainability across retail real estate portfolios. The association will equip retail landlords with comprehensive insights on tenant sustainability performance to drive measurable progress.

The SRI Association will create a coalition of real estate stakeholders to advance transparency and shared accountability in sustainability. By promoting the adoption of the Sustainable Retail Index as an industry standard, the association aims to accelerate meaningful engagement between landlords and retailers on sustainable practices.

Alongside URW and Ingka Centres, Sonae Sierra will join the Association, demonstrating its sustainability leadership and shared commitment to leveraging the unique influence retail landlords have to engage tenants and drive critical change.

The Sustainable Retail Index is a collaborative assessment tool designed to help landlords and retailers better understand and improve sustainability commitments and performance across company, product and operational levels. URW began implementing the index in 2023, and it now covers more than 73% of eligible revenues across URW’s portfolio of shopping centres. Beyond informing business decisions, the index supports more transparent dialogue with retailers, helps identify shared opportunities for improvement and strengthens engagement with consumers around more sustainable choices.

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