Unibail-Rodamco-Westfield
ESRS disclosure
Tags Tree
- Provide the percentage of biological materials and biofuels used for non-energy purposes in the manufacture of your products and services, including packaging, that are sustainably sourced. Include details on the certification scheme utilized and the application of the cascading principle, as part of the disclosure requirement for resource inflows when deemed a material sustainability matter.
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Question Id: E5-4_03
This part is currently being studied by URW and details should be communicated in next year’s Universal Registration Document.
Report Date: 4Q2023Relevance: 10%
- Provide a detailed description of the key products and materials resulting from your production process, specifically highlighting those designed in accordance with circular principles. Include aspects such as durability, reusability, repairability, disassembly, remanufacturing, refurbishment, recycling, recirculation by the biological cycle, or optimization through other circular business models.
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Question Id: E5-5_01
In 2023, the sustainability guidelines were updated to apply to new developments and extension and renovation projects Group-wide. Requirements for all projects include zero waste to landfill for future operation, 100% of timber with FSC or PEFC certification for both works and the building itself, and divert demolition, strip-out and construction waste from landfill with at least a 70% waste recovery rate. Requirements for large projects include minimum environmental certification level (BREEAM 'Excellent' for projects in Europe or LEED Gold in the US), feasibility assessment of bio-sourced materials for structural elements, long-term climate risks analysis, and integration of at least 2 circular economy 'concepts' from the Group's Circular Economy Framework. The use of wood in URW's development projects is always studied to both reduce the embodied carbon emission of projects and increase the carbon sinks through the lifetime of the projects. Circular economy solutions can also lead to carbon savings, through material reuse for example.
Report Date: 4Q2023Relevance: 60%
- Provide the total amount of waste generated from your operations, expressed in tonnes or kilogrammes.
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Question Id: E5-5_07
The total waste generated in 2023 for retail was 108,138 metric tonnes.
Report Date: 4Q2023Relevance: 90%
- Provide the total amount of waste generated from your operations, expressed in tonnes or kilogrammes. Include a detailed breakdown of the waste directed to disposal, categorized by treatment type, and specify the quantities of hazardous and non-hazardous waste. Enumerate the waste treatment types utilized.
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Question Id: E5-5_09
In 2023, the total waste generated for retail was 108,138 metric tonnes. Of this, 44% was recycled, 33% was recovered as waste-to-energy, and 23% was not recovered.
Report Date: 4Q2023Relevance: 60%
- Provide a detailed account of the anticipated financial effects stemming from significant risks and opportunities related to resource use and circular economy impacts. This disclosure should include a monetary quantification of these effects prior to implementing any resource use or circular economy-related actions. If such quantification is not feasible without incurring undue cost or effort, furnish qualitative information instead. For financial effects associated with material opportunities, a quantification is not mandatory if it compromises the qualitative characteristics of the information, as outlined in ESRS 1 Appendix B.
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Question Id: E5-6_02
Anticipated financial effects from the consumption of raw materials are in line with the estimates presented in section 3.2.1.4.2 Disclosure requirements in ESRS covered by the undertaking’s Sustainability Statement.
Report Date: 4Q2023Relevance: 50%
- Provide a comprehensive description of the effects considered regarding material resource use and circular economy-related risks and opportunities. Include the impacts and dependencies associated with these effects, as well as the anticipated time horizons for their materialization.
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Question Id: E5-6_03
The processes to identify and assess material resource use and circular economy-related impacts, risks, and opportunities are described in sections 3.2.1.D.1 and 6.1.2 Group Enterprise Risk Management framework, respectively, for more detailed information on the double materiality analysis and for the risk identification process.
Report Date: 4Q2023Relevance: 50%
- Provide a detailed account of the critical assumptions utilized in estimating the anticipated financial effects of material risks and opportunities associated with resource use and circular economy-related impacts. Include the sources and levels of uncertainty pertaining to these assumptions.
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Question Id: E5-6_04
Anticipated financial effects from the consumption of raw materials are in line with the estimates presented in section 3.2.1.4.2 Disclosure requirements in ESRS covered by the undertaking’s Sustainability Statement.
Report Date: 4Q2023Relevance: 50%
- Provide a comprehensive description of the anticipated financial effects stemming from material resource use and circular economy-related risks and opportunities. Include an assessment of related products and services at risk over the short-, medium-, and long-term. Explain the definitions used, the methods for estimating financial amounts, and the critical assumptions made in this context.
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Question Id: E5-6_05
Anticipated financial effects from the consumption of raw materials are in line with the estimates presented in section 3.2.1.4.2 Disclosure requirements in ESRS covered by the undertaking’s Sustainability Statement.
Report Date: 4Q2023Relevance: 50%
- Provide an explanation of how time horizons are defined, financial amounts are estimated, and critical assumptions are made in relation to anticipated financial effects from material resource use and circular economy-related risks and opportunities. Include an assessment of related products and services at risk over the short-, medium-, and long-term.
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Question Id: E5-6_06
Anticipated financial effects from the consumption of raw materials are in line with the estimates presented in section 3.2.1.4.2 Disclosure requirements in ESRS covered by the undertaking’s Sustainability Statement.
Report Date: 4Q2023Relevance: 45%
- Has the undertaking conducted a screening of its assets and activities to identify actual and potential impacts, risks, and opportunities within its own operations and across its upstream and downstream value chain? If such a screening has been performed, provide a detailed account of the methodologies, assumptions, and tools employed in this process.
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Question Id: E5.IRO-1_01
Since January 1, 2021, URW has been subject to the EU Environmental Taxonomy Regulation. The EU Taxonomy introduces a unified classification system to determine the sustainability level of investments, in order to drive capital towards financing the EU environmental transition. The sustainability of a financial vehicle is determined by the share of sustainable economic activities it finances in its portfolio. Consequently, all economic activities listed in the scope of the EU Taxonomy (i.e., 'eligible' activities) are to be screened for their environmental impacts, based on the environmental criteria ('Technical Screening Criteria' (TSC)) defined in the EU Taxonomy Delegated Acts.
Report Date: 4Q2023Relevance: 65%