Provide a detailed account of your organization's significant operational and capital expenditures necessary for the execution of your climate change mitigation transition plan, as outlined in Disclosure Requirement E1-1. This should include an explanation and quantification of investments and funding, referencing the key performance indicators of taxonomy-aligned capital expenditures, and, where applicable, the capital expenditure plans disclosed in accordance with Commission Delegated Regulation (EU) 2021/2178.

Question

Accepted Answer

In 2023, as part of the update of its Better Places roadmap, URW estimated the costs of the environmental transition for its European activities until 2030:
Net zero – Near term target: €28 million for implementing long-term energy action plans and energy mix improvement measures.
Operation: No additional CAPEX on top of the net zero – Near Term target.
Construction: Limited increase in construction cost due to embodied carbon targets and other environmentally related objectives.
Transport: No CAPEX, with the installation of EVs planned on a leasing basis.

Unibail-Rodamco-Westfield

ESRS disclosure: E1-1_04

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