What: Westfield London and Westfield Stratford City malls contributed nearly £19 million in social value to the UK economy, communities, and environment in 2023.

Why it is important: This significant contribution highlights the role of retail centers in generating economic, social, and environmental benefits, underscoring the importance of corporate responsibility in modern business practices.

Unibail-Rodamco-Westfield (URW) has released its third annual Social Value Impact report, revealing that Westfield London and Westfield Stratford City malls collectively generated £18.76 million in social value in 2023. The report, produced in partnership with the Social Value Portal, outlines substantial contributions in job creation, work placements, and volunteer hours. Key highlights include generating over £5.73 million and £5.16 million in job creation at Westfield London and Stratford City, respectively, and significant increases in volunteer hours. Additionally, the malls provided over £2.46 million worth of space and digital promotion to community and charity groups. Since 2021, URW has generated over £60 million in social value, reflecting its commitment to community and environmental initiatives.

Westfield UK releases strong social impact report for 2023