Unibail-Rodamco-Westfield
ESRS disclosure
Tags Tree
- Provide a detailed account of whether ecological thresholds and allocations of impacts were considered when establishing targets related to biodiversity and ecosystems. If entity-specific thresholds were applied, elucidate the methodology employed in determining these thresholds.
-
Question Id: E4-4_03
The Group's sustainability guidelines include requirements related to the Do Not Significant Harm ("DNSH") criteria for biodiversity within the EU Taxonomy regulation. This involves ensuring that new construction is not built on certain types of land, such as arable land with high soil fertility or land that serves as a habitat for endangered species. The methodology employed involves conducting an EIA or screening in accordance with Directive 2011/92/EU/334 and implementing necessary mitigation and compensation measures.
Report Date: 4Q2023Relevance: 60%
- Provide details on whether ecological thresholds and allocations of impacts to your organization were considered when establishing biodiversity and ecosystem targets. If applicable, specify the manner in which responsibility for adhering to these identified ecological thresholds is distributed within your organization.
-
Question Id: E4-4_04
The Group's sustainability guidelines include requirements related to the Do Not Significant Harm ("DNSH") criteria for biodiversity within the EU Taxonomy regulation. This involves ensuring that new construction is not built on certain types of land, such as arable land with high soil fertility or land that serves as a habitat for endangered species. The responsibility for adhering to these thresholds involves conducting an EIA or screening in accordance with Directive 2011/92/EU/334 and implementing necessary mitigation and compensation measures.
Report Date: 4Q2023Relevance: 80%
- Is the target informed by relevant aspects of the EU Biodiversity Strategy for 2030, and is it aligned with the Kunming-Montreal Global Biodiversity Framework and other biodiversity and ecosystem-related national policies and legislation?
-
Question Id: E4-4_05
The Group's biodiversity strategy is informed by the IPBES report and Act4Nature international methodologies. The policies related to biodiversity and ecosystems are based on these methodologies, which may align with broader frameworks like the EU Biodiversity Strategy for 2030.
Report Date: 4Q2023Relevance: 65%
- Provide a detailed disclosure on the relationship between the established targets and the identified impacts, dependencies, risks, and opportunities concerning biodiversity and ecosystems within your own operations, as well as throughout your upstream and downstream value chain.
-
Question Id: E4-4_06
The Group developed its biodiversity strategy by identifying impacts and dependencies on biodiversity. Impacts include land artificialisation, degradation, fragmentation, and greenhouse gas emissions. Dependencies include climate regulation and resource supply. The strategy aims to address these impacts and dependencies through objectives like achieving a biodiversity net gain and implementing renaturation projects. The strategy involves collaboration with stakeholders across the value chain to manage these impacts and dependencies.
Report Date: 4Q2023Relevance: 85%
- Provide the geographical scope of the targets related to biodiversity and ecosystems as required by Disclosure Requirement E4-4, in accordance with paragraph 29.
-
Question Id: E4-4_07
The geographical scope of the targets related to biodiversity and ecosystems includes all High Biodiversity Stakes ("HBS") assets in Europe. Assets are considered HBS if located within 1.5 km from a protected area in Europe. The US assets will progressively be deployed in the context of the BREEAM In-Use certification.
Report Date: 4Q2023Relevance: 85%
- Has the undertaking utilized biodiversity offsets in the establishment of its targets related to biodiversity and ecosystems, as mandated by Disclosure Requirement E4-4?
-
Question Id: E4-4_08
In case of loss of Biodiversity Units, the Group has the possibility to finance compensation projects creating enough Biodiversity Units off site to raise the project's balance to a biodiversity net gain. This indicates the use of biodiversity offsets in the establishment of its targets.
Report Date: 4Q2023Relevance: 90%
- Identify the specific layer within the mitigation hierarchy to which the biodiversity and ecosystems target is allocated, as per Disclosure Requirement E4-4. This includes categorization into avoidance, minimisation, restoration and rehabilitation, or compensation and offsets.
-
Question Id: E4-4_09
The biodiversity and ecosystems target is allocated to avoidance, minimisation, and compensation and offsets. The Group commits to limiting impacts by aiming to achieve a biodiversity net gain, avoiding and reducing impacts at the project level, and financing compensation projects to create Biodiversity Units off site.
Report Date: 4Q2023Relevance: 90%
- Does the target address any shortcomings related to the Substantial Contribution criteria for Biodiversity, as defined in the delegated acts pursuant to Article 15(2) of Regulation (EU) 2020/852? Additionally, if the Do No Significant Harm (DNSH) criteria for Biodiversity, as outlined in the delegated acts pursuant to Articles 10(3), 11(3), 12(2), 13(2), and 14(2) of Regulation (EU) 2020/852, are not met, does the target address any shortcomings related to these DNSH criteria?
-
Question Id: E4-4_10
The Group includes in its sustainability guidelines the requirements related to the Do Not Significant Harm ("DNSH") criteria for biodiversity within the EU Taxonomy regulation. This involves ensuring that new construction is not built on certain types of land and implementing necessary mitigation and compensation measures, addressing any shortcomings related to the DNSH criteria.
Report Date: 4Q2023Relevance: 60%
- Has your company determined that it directly contributes to the impact drivers of land-use change, freshwater-use change, and/or sea-use change? If so, provide the relevant metrics that measure these impacts.
-
Question Id: E4-5_04
The preliminary studies of the Group biodiversity strategy showed that one of the main drivers of biodiversity loss, according to the 2019 IPBES report, is the change in land use. It also showed that real estate companies play a major role in this driver due to the artificialisation, degradation and fragmentation of land operated in greenfield projects.
Report Date: 4Q2023Relevance: 60%
- Has the undertaking determined that it directly contributes to the impact drivers of land-use change, freshwater-use change, and/or sea-use change? If so, provide the relevant metrics that measure the conversion over time of land cover, such as deforestation or mining, over periods like 1 or 5 years.
-
Question Id: E4-5_05
The preliminary studies of the Group biodiversity strategy showed that one of the main drivers of biodiversity loss, according to the 2019 IPBES report, is the change in land use. It also showed that real estate companies play a major role in this driver due to the artificialisation, degradation and fragmentation of land operated in greenfield projects.
Report Date: 4Q2023Relevance: 60%