MASHINIi

HAMMERSON PLC.

HMSO.LSE | Real estate activities with own or leased property

Hammerson PLC is a real estate investment trust (REIT) that owns, manages, and develops retail properties in Europe. The company's portfolio includes shopping centers, outlet malls, and retail parks. Hammerson focuses on creating flagship destinations and curating a mix of retail, dining, and leisur...Show More

Ethical Profile

Mixed.

Hammerson PLC presents a mixed ethical profile. The company invested £2.7 million in social value in 2022, partnering with 152 charities and engaging over 8,600 individuals. It also achieved a 35% reduction in GHG emissions since 2019 and maintains 100% employee compliance in anti-bribery training. However, reports suggest employee concerns regarding limited career progression, perceived sexism, and a lack of flexibility. Critics point to the use of AI-CCTV for customer tracking, raising privacy considerations, and note that 70-80% of systems allegedly lack comprehensive security testing. As a retail REIT, its operations remain carbon-intensive.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect20
-100100
Fair Trade & Ethical Sourcing20
-100100
Honest & Fair Business30
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business-30
-100100
Respect for Cultures & Communities10
-100100
Safe & Smart Tech0
-100100
Zero Waste & Sustainable Products0
-100100

Better Health for All

0

Hammerson's core business of owning and managing retail properties has a neutral direct health impact. The company has generated substantial positive health externalities by repurposing retail spaces to facilitate health services, including a 15,000 sq ft diagnostic hub for Moorfields Eye Hospital at Brent Cross

1
and two COVID-19 vaccination centers to support the NHS rollout
2
. Between 2010 and 2017, the company supported healthcare initiatives in Haiti, contributing to a maternity unit, spinal cord rehab, and cholera center, impacting over 400,000 individuals
3
. In 2022, Hammerson collaborated with Birmingham Mind for the 'No Bull' campaign, promoting mental health discussions and engaging 385 local residents
4
. The company also introduced a 'Giving Back Day' in 2023 with over 90% employee participation
5
, focusing on employee well-being
6
.

Fair Money & Economic Opportunity

0

Hammerson PLC is a real estate investment trust that owns, manages, and develops retail properties, not a financial institution offering lending or deposit services to consumers. Therefore, KPIs related to direct financial services, such as customer share from underserved segments, pricing fairness, exploitative fees, financial inclusion lending, customer data portability, fair lending compliance, customer wealth building outcomes, customer debt burden ratios, geographic coverage of banking services, and financial product simplicity, are not applicable to its core business model. The company reported a net loss of £526.30m.

1
, making the 'profit_reinvestment' KPI unquantifiable as per the rubric's definition which requires pre-tax profit.

Fair Pay & Worker Respect

20

Hammerson PLC reported a Total Recordable Incident Rate (TRIR) of approximately 0.5 per 200,000 hours in 2024, with zero enforcement notices and no major non-conformities from ISO 45001 audits.

1
In 2024, 4% of the direct workforce was on temporary or fixed-term contracts.
2
Voluntary staff turnover was 10% in 2024.
3
The employee engagement score was 78% in 2023.
4
The median hourly pay for women in the UK was 73% of men's in 2018.
5
The company reported one non-compliance with regulations resulting in a warning in 2024.
6
, but no incidents of modern slavery or human trafficking were identified or alleged in 2023.
7

Fair Trade & Ethical Sourcing

20

Hammerson requires all its suppliers to agree to its Supplier Code of Conduct.

1
Breaches of this Code are considered a material breach of contract, allowing Hammerson to exercise legal rights and remedies, including contract termination.
2
As a real estate investment trust (REIT) that owns, manages, and develops retail properties, Hammerson's business model means it does not procure or trade physical commodities. Therefore, fair-trade certifications and high-risk material sourcing are not applicable to its direct operations.

Honest & Fair Business

30

Hammerson achieved a GRESB Public Disclosure score of 96/100, ranking first among its peers in ESG transparency.

1
The company's ESG Risk Rating is 9.3 (Negligible), placing it in the top 7% of its industry.
2
No regulatory fines or enforcement notices were reported for 2023, and no fines are mentioned in recent articles.
3
Hammerson has a Whistleblowing Policy that protects against victimization and includes a third-party provider for anonymous and confidential reporting; no concerns were raised in 2023.
4
The company maintains a zero-tolerance Anti-Bribery and Corruption Policy, which prohibits improper and facilitation payments.
5
This policy is issued to all employees and supported by mandatory induction training, achieving a 100% compliance rate in 2023.
6
The policy was also updated in 2023 to enhance processes for approving and recording gifts and entertainment.
7

Kind to Animals

0

Hammerson has a policy, updated in 2025, to protect, enhance, and restore biodiversity, with Nature Asset Plans finalized across all destinations and ecological appraisals for new developments.

1
The company has undertaken several initiatives to enhance local wildlife and habitats. In 2023, it gifted a 5-acre woodland with natural grassland to the Wildlife Trust
2
and planted 1,300 aquatic plants and installed 94m2 of floating river beds at The Oracle.
3
Italie Deux was awarded the BiodiverCity Life Label in 2022.
4
Other efforts include welcoming bees to rooftops at Union Square in 2021
5
, installing new planting for bees at Bullring
6
, and transforming an unused area at Central Retail Park into a flourishing garden, which won a Gold Scottish Green Apple Award in 2021.
7
The company also supports beehives, pollinator planting, and insect hotels at multiple destinations.
8
In 2024, a fundraising event for the Dublin Society for the Prevention of Cruelty to Animals (DSPCA) at Dundrum raised €4,100
9
and promoted animal welfare awareness.
10

No War, No Weapons

0

Hammerson PLC's operations do not include military contracts or arms-related activities, indicating 0% revenue from such sources.

1
The company explicitly states it aligns with the United Nations Guiding Principles on Business and Human Rights (UNGPs).
2
As a real estate company, many KPIs related to arms, defense, or dual-use technologies are not applicable to its core business, including dual-use technology development, sales to embargoed regimes, defense-related lobbying, and procurement from conflict zones.
3

Planet-Friendly Business

-30

Hammerson reported total Scope 1, 2, and 3 greenhouse gas emissions of 10,041 tCO2e in 2024, representing an 8.3% year-on-year reduction.

1
The company achieved a 99.9% operational waste diversion from landfill in 2023
2
and reported zero environmental enforcement notices across its portfolio in the UK, Ireland, and France for 2024.
3
Hammerson has set a Net Zero target for 2030.
4
The company's TCFD disclosures are fully adopted, included in its 2024 Annual Report, and updated to include nature-related aspects.
5
Climate scenario analysis is comprehensive, utilizing multiple pathways such as IPCC RCP Scenarios 1.9, 2.6, and 8.5.
6
Furthermore, Hammerson uses the CRREM tool to assess 23 assets for climate-related stranding risk, concluding no assets are at risk of stranding under this model.
7
However, the company's emissions reduction targets are not explicitly SBTi-validated. In 2023, 65% of landlord electricity was renewable-backed.
8

Respect for Cultures & Communities

10

Hammerson PLC reports no cultural appropriation incidents.

1
The company's operations in Europe do not typically involve indigenous populations, making Free, Prior and Informed Consent (FPIC) processes and indigenous supplier tracking not applicable. Formal routes for raising questions or complaints are available, aligning with standard grievance processes.
2
Hammerson actively protects and restores cultural and heritage sites, including historically important laneways, a National Monument, and the retention of all pre-1916 buildings along Moore Street in Dublin.
3
With no reported cultural incidents, a specific response framework is not detailed.

Safe & Smart Tech

0

Hammerson PLC has a data protection framework aligned with GDPR.

1
The company implements security measures such as Single Sign-On and Multi-Factor Authentication, and provides employee training for data privacy and cybersecurity.
2
Hammerson utilizes AI-CCTV systems to track customer engagement
3
and has trialed an AI system at Westquay shopping center to analyze visitor behavior, which maintains anonymity
4
and reflects a focus on data privacy.
5

Zero Waste & Sustainable Products

0

Hammerson achieved a 99.9% waste diversion rate from landfill across its operational waste in 2023.

1
The company has implemented multiple waste reduction initiatives, including a BioBeeBox micro-methanisation station, and a Circular Economy Project at Bullring and Grand Central which saved approximately £6,500 in waste removal costs and generated £10,800 in social value.
2
These efforts have led to awards such as the Green Apple Circular Economy award and Business Recycling Champion at the Pakman Awards 2023.
3
Hammerson has set company-wide waste reduction targets with timelines, including a target to divert 100% of waste away from landfill by 2023,
4
a 65% recycling rate by 2025,
5
and to operate on a Net Zero basis for resource use by 2030.
6
The company reported no enforcement notices or letters from local councils regarding waste disposal across its portfolio.
7
Innovative customer education programs, such as the Textile Repair Café and the Happy Cook initiative, aim to educate visitors on waste reduction and proper disposal.
8

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.