Unibail-Rodamco-Westfield
ESRS disclosure
Tags Tree
- Provide the carbon prices applied per metric tonne of greenhouse gas emission, specifying the type of scheme and the critical assumptions used to determine these prices. Include the source of the applied carbon prices and the rationale for their relevance to the chosen application. Optionally, disclose the calculation methodology, indicating whether scientific guidance was utilized and how future developments align with science-based carbon pricing trajectories.
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Question Id: E1-8_04
As of today, URW does not apply any internal carbon pricing scheme.
Report Date: 4Q2023Relevance: 20%
- Provide the percentage of gross Scope 1 greenhouse gas emissions that are covered by the internal carbon pricing scheme, as required under Disclosure Requirement E1-8. Include the current year's approximate gross GHG emission volumes in metric tonnes of CO2eq for Scopes 1, 2, and, where applicable, Scope 3, and indicate their share of the undertaking's overall GHG emissions for each respective Scope.
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Question Id: E1-8_06
As of today, URW does not apply any internal carbon pricing scheme.
Report Date: 4Q2023Relevance: 20%
- Provide the percentage of gross Scope 2 greenhouse gas emissions that are covered by your internal carbon pricing scheme, as outlined in Disclosure Requirement E1-8, including the current year's approximate gross GHG emission volumes in metric tonnes of CO2eq for Scopes 1, 2, and, where applicable, Scope 3, and their respective share of the undertaking's overall GHG emissions.
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Question Id: E1-8_07
As of today, URW does not apply any internal carbon pricing scheme.
Report Date: 4Q2023Relevance: 25%
- Has the undertaking assessed the anticipated financial effects for assets and business activities at material physical risk? If so, provide a detailed explanation of the scope of application, time horizons, calculation methodology, critical assumptions, parameters, and any limitations of the assessment.
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Question Id: E1-9_10
URW's approach to climate risks and opportunities involves assessments at various levels, including Group level analysis to identify and prioritize climate-related risks and opportunities, site-specific assessments to evaluate vulnerabilities, and analysis of correlations between business indicators and climate events. The assessments are conducted in alignment with regulatory requirements and recommendations, using scenarios such as SSP2-4.5 and SSP5-8.5 for climate-related physical risks.
Report Date: 4Q2023Relevance: 65%
- Does the assessment of assets and business activities deemed to be at material physical risk rely on, or form part of, the process to determine material physical risk and climate scenarios? Provide an explanation of how medium- and long-term time horizons have been defined, and how these definitions are associated with the expected lifetime of the undertaking’s assets, strategic planning horizons, and capital allocation plans.
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Question Id: E1-9_11
The assessments are conducted using scenarios such as SSP2-4.5 and SSP5-8.5, with time horizons defined as baseline (1981-2010), 2030 (average between 2025 and 2034), and 2050 (average between 2035 and 2064). These timeframes are aligned with the expected lifetime of the assets and strategic planning horizons.
Report Date: 4Q2023Relevance: 85%
- Has the undertaking assessed the potential effects on future financial performance and position for assets and business activities at material transition risk? If so, provide an explanation detailing the scope of application, calculation methodology, critical assumptions and parameters, and any limitations of the assessment.
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Question Id: E1-9_18
URW's approach to transition risks includes policy and legal risks, technology risks, market risks, and reputation risks. The assessments are aligned with TCFD recommendations and consider various factors such as regulatory changes, technological advancements, market dynamics, and reputational impacts.
Report Date: 4Q2023Relevance: 60%
- Provide a detailed explanation of whether and how the assessment of assets and business activities deemed to be at material transition risk is integrated into the process for determining material transition risks and scenarios, as outlined in paragraphs 20 (c) and AR 11, and required under paragraphs AR 12 to AR 13. Additionally, elucidate how medium- and long-term time horizons have been defined and their connection to the expected lifetime of the undertaking’s assets, strategic planning horizons, and capital allocation plans.
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Question Id: E1-9_19
The transition risks are evaluated based on policy and legal risks, technology risks, market risks, and reputation risks. The assessments consider the pace of change and adaptation to renewable energy, with time horizons aligned with strategic planning and asset lifetimes.
Report Date: 4Q2023Relevance: 65%
- Provide an estimation of the percentage of potentially stranded assets, in relation to the total assets, that are at material transition risk. This estimation should cover the reporting year through 2030 and extend from 2030 to 2050. Include monetary amounts and percentage values, considering different climate and policy scenarios, including alignment with a 1.5°C climate change limit. Stranded assets refer to active or firmly planned key assets with significant locked-in greenhouse gas emissions over their operational lifetime, with firmly planned assets being those likely to be deployed within the next five years.
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Question Id: E1-9_21
The document mentions 'locked-in GHG emissions' but does not provide specific percentages or monetary amounts for potentially stranded assets.
Report Date: 4Q2023Relevance: 30%
- Provide the total carrying amount of real estate assets for which energy consumption is determined using internal estimates, as per Disclosure Requirement E1-9. This pertains to assets at material transition risk, where energy efficiency is represented by either energy consumption ranges in kWh/m² or EPC label class, and where obtaining precise data is not feasible.
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Question Id: E1-9_22
The document discusses energy efficiency but does not specify the carrying amount of real estate assets using internal estimates.
Report Date: 4Q2023Relevance: 30%
- Provide the number of Scope 1 GHG emission allowances within regulated emission trading schemes, including the cumulative number of stored emission allowances from previous periods at the start of the reporting period, as part of the assessment of potential future liabilities from material transition risks.
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Question Id: E1-9_24
The document provides GHG emissions data but does not specify the number of Scope 1 GHG emission allowances or stored emission allowances.
Report Date: 4Q2023Relevance: 20%