Provide a detailed description of the expected decarbonisation levers and their overall quantitative contributions towards achieving the GHG emission reduction targets, as outlined in Disclosure Requirement E1-4 concerning climate change mitigation and adaptation. Include specific strategies such as energy or material efficiency, consumption reduction, fuel switching, utilization of renewable energy, and the phase-out or substitution of products and processes.

Question

Accepted Answer

All those mitigation efforts ensure that URW's business model is compatible with the transition towards a sustainable economy, in line with 1.5°C pathways set in the Paris Agreement and with the objective of achieving global climate neutrality by 2050. The levers and hypothesis regarding the reduction of the Scopes 1 and 2 carbon emissions include:
Sufficiency (8%)
Energy efficiency (41%)
Energy Mix (40%)
Fugitive emissions (11%)
The plan has been built in 2023 and therefore considers the performance of the year 2022 as a starting point.

Unibail-Rodamco-Westfield

ESRS disclosure: E1-4_23

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