Provide a detailed explanation of how the newly established baseline value influences the revised target, its attainment, and the depiction of progress over time. Ensure that any changes to the baseline value or base year are justified by significant alterations in either the target or the reporting boundary. Additionally, confirm that the selected base year for new targets does not precede the first reporting year of the new target period by more than three years, to maintain comparability.

Question

Accepted Answer

URW has selected a strong and robust baseline, the year 2015, to reflect the improvements in terms of carbon reduction compared to a common year of all our targets. The plan has been built in 2023 and therefore considers the performance of the year 2022 as a starting point. For more detailed information on the adjustments performed on the 2015 baseline, please see section 3.2.1.A.2 Disclosures in relation to specific circumstances.

Unibail-Rodamco-Westfield

ESRS disclosure: E1-4_21

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