Unibail-Rodamco-Westfield
Retail REITs
France
ESRS disclosure: E1-3_04
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- Provide a detailed account of the actions and resources allocated towards climate change policies, specifically highlighting the achieved and anticipated reductions in greenhouse gas emissions, as stipulated under Disclosure Requirement E1-3.
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Question Id: E1-3_04
URW has allocated resources towards several climate change policies:
- Energy Efficiency Policy: Aims to reduce energy intensity across all Group assets with a long-term energy action plan.
- GHG Emissions Reduction Policy: Focuses on setting and tracking carbon reduction targets with updated environmental action plans.
- Climate Resilience Policy: Increases the resilience of URW's portfolio to climate-related risks with updated adaptation frameworks.
- Low Carbon Mobility Policy: Improves connectivity to sustainable transport with updated mobility action plans.
The achieved and anticipated reductions in GHG emissions include a 32% reduction in Scope 1, a 37% reduction in Scope 2, and a 40% reduction in Scope 3 emissions from 2015 to 2023.
Report Date: 4Q2023Relevance: 20%