The Code of Ethics describes values and principles that every employee of the Group must observe in the course of their work. These rules of conduct guide our behaviour when acting within or on behalf of Unibail-Rodamco-Westfield.

In particular, the Code of Ethics strictly prohibits the offering or receiving of illegal sums, establishes clear restrictions on the giving and/or receiving of gifts and requires employees to comply with applicable laws and regulations. An annual training campaign (e-learning) is organized to raise the awareness of employees of the Group’s ethical principles. Any violation of these principles may result in disciplinary actions and legal proceedings.

Complete information about matters relating to the URW Code of Ethics and the Compliance Program is detailed in the 2023 Universal Registration Document.