Provide a detailed explanation of how significant capital expenditures (CapEx) and operational expenditures (OpEx), necessary for implementing actions taken or planned, relate to the capital expenditure plan as mandated by Commission Delegated Regulation (EU) 2021/2178, in accordance with Disclosure Requirement E1-3 concerning actions and resources in relation to climate change policies.

Question

Accepted Answer

URW's capital expenditure plan includes significant investments to support the Better Places transition roadmap until 2030. The CapEx requirements are:
Net Zero Target: €28 million for energy action plans and energy mix improvements.
Operation: No additional CapEx required beyond the net zero near-term target.
Construction: Limited increase in costs due to embodied carbon targets.
Transport: No CapEx as EV installations are planned on a leasing basis.
These expenditures are part of the Group's climate mitigation plan, ensuring alignment with the capital expenditure plan as mandated by the regulation.

Unibail-Rodamco-Westfield

ESRS disclosure: E1-3_08

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