Westfield UK Social Value Impact Report
URW produces annually two social value reports for both of its centres in London – Westfield London in White City and Westfield Stratford City in east London.
The reports are produced by Social Value Portal – a third party subject expert organisation that helps companies measure and track their social value contributions. It acts as a data miner, partner and advisor for companies, and provides them with an indication of how their actions, projects or initiatives are having positive societal and environmental benefits for their local communities. The study analysis the asset management, property management and supply chain in place at the building. Since 2021 our UK assets have generated £60,192,231.
Community Resilience Action Plans (CRA Plans)
The commitment forms part of URW’s UK Community Resilience Programme – an action plan that consolidates all its work in its communities aligned to URW’s global ‘Better Places’ strategy which aims to drive positive economic and social impact within our communities through employment, training, and social inclusion. The approach being to map the local community issues and identify local stakeholders to design and deliver initiatives which positive impact three themes:
- Jobs & Skills by enabling employment and upskilling in the local community.
- Social Inclusion and Health, initiatives to positively impact inclusion and health.
- Positive impact on the local environment
2023 Social Value Impact Report
Partnering with the Social Value Portal, URW's third annual report highlights substantial contributions to the economy, surrounding communities and the environment. Social value assesses the positive impacts of businesses and key highlights from the 2023 social value impact include:
- Job creation: Generating £5,731,605 at Westfield London and £5,157,714 at Westfield Stratford City.
- Work placements: Providing 143 weeks of work placements through the URW International Graduate Programme, paying above the Real Living Wage across both centres in 2023.
- Volunteering hours: Employees from URW's supply chain partners dedicated 353 hours to volunteering with community partners at Westfield London in 2023, marking a +553% increase from 2022. At Westfield Stratford City, the increase was even more substantial, with 645 hours volunteered – a +195% rise from 2022.
- Charitable donations: Offering £502,195 worth of space and digital promotion to local community and charity groups at Westfield Stratford City, and £1,957,758 at Westfield London in 2023.
Since beginning its UK social value reporting in 2021, URW has generated over £60 million in social value, demonstrating its strong commitment to community and environmental initiatives.
Key contractor partners contributing to social value in their respective areas include Mitie, Ethos Farm, Grosvenor and OCS. Additionally, URW collaborates with local organisations around its centres to enhance social value efforts. These include Westfield London’s partnership with community organisation West Youth Zone in Hammersmith and Fulham, which creates opportunities and access to learning and activities for young people, and Westfield Stratford City’s partnership with Birkbeck University to support local residents in Newham with their studies.
Westfield Stratford City also contributes to a Community Fund that has already supported 60 local grassroots organisations. Recently, it announced another year of funding to assist an additional 20 organisations. URW also marked the launch of the second year of the Culture Exchange, part of the Westfield East Bank Creative Futures Fund - this five-year, £10 million program aims to foster inclusive social and economic value in East London. The event was honoured by the presence of Her Royal Highness Princess Anne, the Princess Royal.
Social Value Impact Reports
2023
2022
2021
