Unibail-Rodamco-Westfield
ESRS disclosure: E1-4_24
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- Has the undertaking considered a diverse range of climate scenarios, including at least one scenario compatible with limiting global warming to 1.5°C, to identify relevant environmental, societal, technology, market, and policy-related developments and determine its decarbonisation levers, as required under Disclosure Requirement E1-4? Additionally, if applicable, provide an explanation of the anticipated financial effects from material physical and transition risks and potential climate-related opportunities as outlined in Disclosure Requirement E1-9, ensuring that the disclosure aligns with the qualitative characteristics of useful information as specified in ESRS 1 Appendix B.
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Question Id: E1-4_24
As the IEA (International Energy Agency) NZE (Net Zero Emission) 2050 scenario does not cover all Group emissions, it has been supplemented by the IEA B2DS scenario. As a reminder, URW’s objectives are aligned with a 1.5°C trajectory. In addition, the IEA B2DS and IEA CPS (current policies scenario) scenarios have been used for operations and transport carbon reduction targets. The scenarios have been identified in order to help the Group assess and confirm its GHG emission reduction targets. They were selected specifically to assess the Group’s ability to achieve its GHG emission reduction targets by applying the levers already identified under different scenarios (feasibility analysis). They have also been used to ensure Group targets are in line with the expectations set forth in the Paris Agreement (ambition validation).
Report Date: 4Q2023Relevance: 85%