Westfield Corporation creates and
operates world-class retail and
entertainment destinations in leading
markets, delivering great experiences
for retailers, brands and consumers.
We are focused on innovation and our
digital platform that converges with
our physical portfolio to better connect
retailers, brands and consumers. We
create flagship retail destinations in
London, New York, San Francisco and
Los Angeles among our portfolio of
35 centres.
Given the wide reach of our business
both geographically and commercially,
we have an unwavering commitment
to being responsible corporate citizens
and have implemented a number of
policies and programs over the last
few years to ensure that we are making
a positive contribution to the social,
environmental and economic wellbeing
of the communities that we serve and
in which we operate.
We started our journey toward
improved sustainability in 2015 by
establishing the foundation for our
Company’s sustainability program,
putting in place various policies,
programs and frameworks which would
inform our go-forward approach.
In 2016, we continued to build upon
the foundation laid the previous year,
by expanding our sustainability team
who hit the ground running, creating
a detailed strategy and implementing
initiatives to improve our reporting
procedures. Notably, our four key
sustainability pillars were established:
Environment; Our People; Community;
and Marketplace.
We remained focused in 2017 on our
sustainability efforts, working hard
to ensure we were making progress
against our objectives.
Our achievements include:
A GRESB score of 76/100, an
improvement from 59/100 last year
and outperforming our peer average
score of 68 and the average
GRESB participant score of 63
A CDP score of ‘A-’, an
improvement on our prior year
score of ‘C’, tied for the top
score with two of our peers and
outperforming the rest of our
peer set
“Most improved performance:
Climate Change” at CDP’s 2017
Australia and New Zealand Awards
A Silver Banding award for gender
in the ‘Business in the Community’
benchmark for the second year
in a row
Recognition for the second year
in a row as a Top 30 Employer by
the UK’s “Working Families Top
Employers Benchmark”
This report sets out our performance
and progress across our four key
sustainability pillars in 2017 and
outlines our objectives for 2018, which
will see further development of our
sustainability targets as a priority. As
always, we hope that our stakeholders
find this report useful and informative
and we welcome any feedback on
our sustainability program, which
can be provided by emailing us at:
corpaffairs@westfield.com.
At the time of writing this report,
Westfield Corporation is subject to
a proposed transaction with Unibail-
Rodamco SE. Should the transaction
proceed, Unibail-Rodamco may adjust
the 2018 objectives referred to in this
Report including by aligning the 2018
sustainability objectives with those of
Unibail-Rodamco.
Peter Lowy
Co-CEO
Westfield Corporation
Steven Lowy AM
Co-CEO
Westfield Corporation
Westfield Corporation | Sustainability Report 2018 | 3
1.0 CO-CEOS’ MESSAGE
WE ARE PLEASED TO PRESENT WESTFIELD
CORPORATION’S 2018 SUSTAINABILITY REPORT. THIS
IS OUR FOURTH SUSTAINABILITY REPORT SINCE THE
ESTABLISHMENT OF WESTFIELD CORPORATION.
1.0