Provide detailed information on the type of adaptation solutions implemented by your company in response to climate change policies, as specified under Disclosure Requirements E1-3. Indicate whether these solutions are nature-based, engineering, or technological. Additionally, clarify if the anticipated financial effects from material physical and transition risks, as well as potential climate-related opportunities, are quantified, ensuring compliance with the qualitative characteristics outlined in ESRS 1 Appendix B.

Question

Accepted Answer

URW implements a variety of adaptation solutions:
Nature-Based Solutions: Projects like the Climate fund for Nature (MIROVA) focusing on forest and mangrove conservation.
Engineering Solutions: Implementation of low-carbon construction rules for new development projects.
Technological Solutions: Energy audits and investments in energy-saving actions such as switching to LED, improving building management systems (BMS), and changing HVAC systems.
The anticipated financial effects from material physical and transition risks, as well as potential climate-related opportunities, are assessed through a detailed analysis of risks and opportunities at the Group level, asset level, and site-specific level. However, the document does not explicitly state if these financial effects are quantified.

Unibail-Rodamco-Westfield

ESRS disclosure: E1-3_02

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