Unibail-Rodamco-Westfield
ESRS disclosure
Tags Tree
- Provide a detailed disclosure on whether and how your company's targets are aligned with the reduction of water consumption. Include an explanation of how these targets are relevant to areas identified as being at water risk, particularly those experiencing high water-stress, in accordance with Disclosure Requirement E3-3 regarding targets related to water and marine resources.
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Question Id: E3-3_03
In 2023, the Group has committed two new targets on water: 100% of retail (Shopping Centres) assets in water stressed areas with water reuse solutions by 2025, and 100% of URW’s portfolio by 2030; and Reduce water consumption by -20% in intensity per footfall compared to 2019. The first target focuses on water stressed areas where water conservation and preservation issues are more material. “Water stressed areas” are defined according to the WWF Water Risk Filter, using the water scarcity risk KPI. For assets located in these areas (12 assets as per the WWF risk filter in 2023), the reuse of water is a priority to limit the consumption of municipal water. The second target has the same objective but with a different timeframe for URW’s assets not located in water stressed areas. The Group prioritises the use of non-drinkable or reused water over drinkable water wherever possible. In 2023, 12 shopping centres collected 180,000 m3 of rainwater and groundwater or greywater on site, which was used for cleaning and for watering green spaces. Projects are also planned in the environmental actions plans of some of the Group’s assets to increase water reuse, using underground water for cooling towers or extending roof rainwater harvesting systems for landscape areas with additional water tanks.
Report Date: 4Q2023Relevance: 95%
- Provide information regarding any targets your company has set concerning the reduction of water withdrawals, as per Disclosure Requirement E3-3, in the context of anticipated financial effects from material water and marine resources-related risks and opportunities, as outlined in Disclosure Requirement E3-5.
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Question Id: E3-3_09
URW does not anticipate any material financial effects from material water and marine resources related risks and opportunities.
Report Date: 4Q2023Relevance: 25%
- Provide the total water consumption in cubic meters (m³) for your own operations as per Disclosure Requirement E3-4.
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Question Id: E3-4_01
The total water consumption for 2023 is 5,747,427 m³.
Report Date: 4Q2023Relevance: 95%
- Provide the total water consumption in cubic meters for your operations located in areas identified as being at water risk, including those experiencing high-water stress.
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Question Id: E3-4_02
In 2023, 12 shopping centres collected 180,000 m³ of rainwater and groundwater or greywater on site.
Report Date: 4Q2023Relevance: 75%
- Provide the total volume of water recycled and reused, measured in cubic meters, as part of the disclosure requirement E3-4 concerning water consumption within your own operations.
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Question Id: E3-4_03
In 2023, 12 shopping centres collected 180,000 m³ of rainwater and groundwater or greywater on site, which was used for cleaning and for watering green spaces.
Report Date: 4Q2023Relevance: 90%
- Provide the water intensity ratio by disclosing the total water consumption within your operations, measured in cubic meters per million EUR of net revenue, as stipulated under Disclosure Requirement E3-4 concerning water consumption.
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Question Id: E3-4_08
The water intensity of standing assets per million EUR net revenue for 2023 is 2,730 m³ for retail, 180 m³ for offices, and 1,892 m³ for convention & exhibition.
Report Date: 4Q2023Relevance: 50%
- Provide detailed information on the anticipated financial effects stemming from significant water and marine resources-related risks and opportunities, as outlined in Disclosure Requirement E3-5. Additionally, disclose water consumption data in accordance with Disclosure Requirement E3-4, ensuring the inclusion of breakdowns by sector or segments, where applicable.
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Question Id: E3-4_09
URW does not anticipate any material financial effects from material water and marine resources related risks and opportunities.
Report Date: 4Q2023Relevance: 50%
- Provide a detailed disclosure of the anticipated financial effects, expressed in monetary terms, stemming from material risks and opportunities associated with water and marine resources-related impacts. This disclosure should be made prior to considering any actions related to water and marine resources. If quantification is not feasible without incurring undue cost or effort, furnish qualitative information instead. For financial effects arising from opportunities, quantification is not mandatory if it would lead to a disclosure that fails to meet the qualitative characteristics of information as outlined in ESRS 1 Appendix B.
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Question Id: E3-5_01
URW does not anticipate any material financial effects from material water and marine resources related risks and opportunities.
Report Date: 4Q2023Relevance: 10%
- Provide a detailed disclosure of the anticipated financial effects stemming from material risks and opportunities associated with water and marine resources-related impacts. This disclosure should include a quantification of these financial effects in monetary terms, prior to considering any water and marine resources-related actions. If quantification is not feasible without incurring undue cost or effort, furnish qualitative information instead. For financial effects arising from opportunities, quantification is not mandatory if it would lead to a disclosure that fails to meet the qualitative characteristics of information as outlined in ESRS 1 Appendix B.
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Question Id: E3-5_02
URW does not anticipate any material financial effects from material water and marine resources related risks and opportunities.
Report Date: 4Q2023Relevance: 50%
- Provide a detailed account of the anticipated financial effects arising from material risks and opportunities related to water and marine resources. Include a description of the effects considered, the associated impacts and dependencies, and the time horizons within which they are expected to materialize.
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Question Id: E3-5_03
URW does not anticipate any material financial effects from material water and marine resources related risks and opportunities.
Report Date: 4Q2023Relevance: 30%