Unibail-Rodamco-Westfield
ESRS disclosure
Tags Tree
- Provide metrics that measure multiple species within an ecosystem, focusing on species richness and abundance indicators. These metrics should assess the development of native species composition within the ecosystem, comparing it to the reference state at the beginning of the first reporting period and the targeted state as outlined in the Kunming-Montreal Global Biodiversity Framework. Additionally, include an aggregation of species' conservation status if applicable.
-
Question Id: E4-5_26
The table below contains the performance of the reporting year against the Group’s objective:
URW objectives Performance 100% new development projects to achieve a biodiversity net gain 2023 100% of standing assets to implement renaturation projects by 2030 N/A URW internal policies:
URW internal policies Performance 100% development projects to implement a biodiversity action plan 2023 100% standing assets with high biodiversity stakes to implement a biodiversity action plan 100% Report Date: 4Q2023Relevance: 30%
- Provide metrics reflecting the structural components of ecosystem condition, specifically focusing on habitat connectivity, if material impacts related to ecosystems have been identified.
-
Question Id: E4-5_27
The table below contains the performance of the reporting year against the Group’s objective:
URW objectives Performance 100% new development projects to achieve a biodiversity net gain 2023 100% of standing assets to implement renaturation projects by 2030 N/A URW internal policies:
URW internal policies Performance 100% development projects to implement a biodiversity action plan 2023 100% standing assets with high biodiversity stakes to implement a biodiversity action plan 100% Report Date: 4Q2023Relevance: 50%
- Provide a detailed account of the anticipated financial effects stemming from material risks and opportunities related to biodiversity and ecosystem impacts and dependencies. This disclosure should include a monetary quantification of these effects before considering any biodiversity and ecosystem-related actions, unless such quantification would incur undue cost or effort. In cases where quantification is not feasible, qualitative information should be provided. For financial effects arising from material opportunities, quantification is not mandatory if it compromises the qualitative characteristics of the information as outlined in ESRS 1 Appendix B. The monetary quantification may be presented as a single figure or a range.
-
Question Id: E4-6_02
Anticipated financial effects from the consideration of biodiversity in development projects are in line with the estimates presented in section 3.2.2.A.4.2 Disclosure requirements in ESRS covered by the undertaking’s Sustainability Statement.
Report Date: 4Q2023Relevance: 45%
- Provide a detailed account of the anticipated financial effects arising from material biodiversity and ecosystem-related risks and opportunities. Include a description of the effects considered, the associated impacts and dependencies, and the time horizons within which these are expected to materialize.
-
Question Id: E4-6_03
Anticipated financial effects from the consideration of biodiversity in development projects are in line with the estimates presented in section 3.2.2.A.4.2 Disclosure requirements in ESRS covered by the undertaking’s Sustainability Statement.
Report Date: 4Q2023Relevance: 50%
- Provide a detailed account of the processes your organization employs to identify and assess material impacts, risks, dependencies, and opportunities related to biodiversity and ecosystems. Specifically, elucidate whether and how your organization has identified and assessed both actual and potential impacts on biodiversity and ecosystems at your own site locations, as well as within the upstream and downstream segments of your value chain. Include the assessment criteria applied in this evaluation.
-
Question Id: E4.IRO-1_01
As part of its Better Places roadmap, the Group developed its Group biodiversity strategy in 2020 in collaboration with external experts. A complete study of the impacts and dependencies of the Group against biodiversity was also led in order to focus the Group strategy on appropriate actions. The study identified impacts such as land artificialisation, degradation, and fragmentation, direct exploitation of water and wood, climate change, pollution, and invasive alien species. Dependencies identified include attractiveness, climate regulation, risk mitigations, and resource supply.
Report Date: 4Q2023Relevance: 80%
- Has the company identified and assessed its dependencies on biodiversity, ecosystems, and their services at its own site locations and throughout its value chain, in accordance with the EU Biodiversity Strategy for 2030?
-
Question Id: E4.IRO-1_02
The Group's study identified dependencies on ecosystem services such as attractiveness, climate regulation, risk mitigations, and resource supply. These dependencies were considered in the development of the Group biodiversity strategy.
Report Date: 4Q2023Relevance: 85%
- Provide a detailed account of the processes your organization employs to identify and assess material impacts, risks, dependencies, and opportunities concerning biodiversity and ecosystems. Specifically, disclose whether and how your organization has identified and assessed transition and physical risks and opportunities related to biodiversity and ecosystems, including the criteria used for such assessments based on your organization's impacts and dependencies.
-
Question Id: E4.IRO-1_03
The Group's biodiversity strategy includes an assessment of material impacts, risks, and opportunities and their interaction with strategy and business model. The strategy is based on the IPBES and Act4Nature international methodologies.
Report Date: 4Q2023Relevance: 60%
- Provide a detailed account of the processes your organization employs to identify and assess material impacts, risks, dependencies, and opportunities related to biodiversity and ecosystems. Specifically, disclose whether and how systemic risks have been considered in these processes.
-
Question Id: E4.IRO-1_04
The Group's biodiversity strategy includes a description of the process to identify and assess material impacts, risks, and opportunities, and their interaction with strategy and business model. However, specific mention of systemic risks is not explicitly detailed.
Report Date: 4Q2023Relevance: 65%
- Provide a detailed account of the processes your organization employs to identify and evaluate material impacts, risks, dependencies, and opportunities related to biodiversity and ecosystems. Specifically, disclose whether and how consultations with affected communities were conducted concerning sustainability assessments of shared biological resources and ecosystems.
-
Question Id: E4.IRO-1_05
The Group's biodiversity strategy involves stakeholders such as the Group sustainability team, corporate technical team, and local country teams. However, specific consultations with affected communities are not explicitly detailed.
Report Date: 4Q2023Relevance: 60%
- Provide a detailed account of the processes your company employs to identify and evaluate material impacts, risks, dependencies, and opportunities related to biodiversity and ecosystems. Specifically, disclose whether and how your company has engaged in consultations with affected communities regarding sustainability assessments of shared biological resources and ecosystems. Include information on instances where a site, raw material production, or sourcing is likely to adversely affect biodiversity and ecosystems, and identify the specific sites, raw materials production, or sourcing activities that have negative or potentially negative impacts on these communities.
-
Question Id: E4.IRO-1_06
The Group's biodiversity strategy involves stakeholders such as the Group sustainability team, corporate technical team, and local country teams. However, specific consultations with affected communities and instances of adverse effects are not explicitly detailed.
Report Date: 4Q2023Relevance: 60%