Unibail-Rodamco-Westfield
ESRS disclosure: ESRS E1 \ DR E1-6
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- Provide the total greenhouse gas emissions, expressed in metric tonnes of CO2 equivalent, for Gross Scopes 1, 2, and 3, as well as the overall total GHG emissions, in accordance with Disclosure Requirement E1-6.
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Question Id: E1-6_01
The total greenhouse gas emissions for 2023 are as follows: Gross Scope 1 GHG emissions: 15,835 tCO2eq, Gross Scope 2 GHG emissions: 117,989 tCO2eq, Gross Scope 3 GHG emissions: 2,953,588 tCO2eq, Total GHG emissions (location-based): 3,071,578 tCO2eq.
Report Date: 4Q2023Relevance: 90%
- Provide a comprehensive disclosure of the company's total greenhouse gas emissions, categorized under Scopes 1, 2, and 3, in accordance with both financial and operational control frameworks. Present this data in a tabular format, ensuring clarity and precision in the representation of each scope's contribution to the overall emissions profile.
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Question Id: E1-6_02
Year Scope 1 GHG emissions (tCO2eq) Scope 2 GHG emissions (tCO2eq) Scope 3 GHG emissions (tCO2eq) Total GHG emissions (location-based) (tCO2eq) 2023 15,835 117,989 2,953,588 3,071,578 Report Date: 4Q2023Relevance: 85%
- Provide a detailed disaggregation of your company's greenhouse gas (GHG) emissions. This disaggregation should be categorized by country, operating segments, economic activity, subsidiary, GHG category (including CO2, CH4, N2O, HFCs, PFCs, SF6, NF3, and any other GHGs considered by your company), or source type (such as stationary combustion, mobile combustion, process emissions, and fugitive emissions). Ensure that this information aligns with the guidance outlined in ESRS 1 chapter 3.7, and note that a quantification of financial effects from opportunities is not required if it does not meet the qualitative characteristics of useful information as specified in ESRS 1 Appendix B.
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Question Id: E1-6_03
The sources of emissions included in the Group's total carbon footprint are broken down per Scope and influence level as follows:
- Scope 1: Direct emissions from stationary combustion (gas and fuel consumption in common areas), direct emissions from mobile combustion (fuel used for company vehicles), direct fugitive emissions (leaks of refrigerant gas/fluid).
- Scope 2: Indirect emissions linked to electricity consumption in common areas (linked to production only), indirect emissions from cold or hot steam consumption (centralised cooling and heating provided by district heating and cooling networks).
- Scope 3: Emissions from energy production not included in Scopes 1 and 2 (extraction, production and transport of fuel, electricity, hot and cold steam), upstream emissions and transport and distribution losses of energy consumed by common areas, purchased products and services (expenses for daily operation of sites, such as cleaning, maintenance, security, waste management, energy and fluid provision, marketing expenses (OPEX), office supplies (headquarters)), capital equipment (IT equipment on site, company vehicles), waste-on-site waste management, employee commuting (URW employees’ transportation from home to work), business travel (URW employees’ travel by plane and train), investments (expenses related to development projects), visitor and customer transport (upstream and downstream travel of visitors, customers and/or occupants to the Group’s shopping centres and offices), downstream leased assets (electricity consumption of private areas (production, transportation and distribution)).
Report Date: 4Q2023Relevance: 65%
- Provide a detailed account of the anticipated financial effects arising from material physical and transition risks, as well as potential climate-related opportunities. Ensure that the disclosure aligns with the qualitative characteristics of useful information as outlined in ESRS 1 Appendix B. When calculating gross Scope 3 GHG emissions, identify and disclose significant Scope 3 categories based on the magnitude of their estimated GHG emissions. Utilize criteria from the GHG Protocol Corporate Value Chain (Scope 3) Accounting and Reporting Standard (Version 2011, p. 61 and 65-68) or EN ISO 14064-1:2018 Annex H.3.2, including financial spend, influence, related transition risks and opportunities, or stakeholder views.
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Question Id: E1-6_04
URW carried out 3 assessments targeting climate-related risks and opportunities at different levels:
An analysis at Group level, aimed at identifying and prioritising climate-related risks and opportunities the Group could be exposed to as part of the transition to a low-carbon economy (risks and opportunities of transition) and resulting from climate events (physical risks and opportunities).
A deep dive on physical risks that could impact its assets. This assessment covered 95 different assets (Shopping Centres, Convention & Exhibition Centres, Offices) across Europe and was followed-up by 9 site visits to evaluate the local vulnerabilities and support the development of adaptation plans.
An analysis to evaluate potential correlations between various business indicators (seasonal attendance, seasonal revenues) and climate events.
Report Date: 4Q2023Relevance: 60%
- Provide a detailed account of the anticipated financial effects resulting from material physical and transition risks, as well as potential climate-related opportunities, in accordance with Disclosure Requirement E1-9. Note that quantification of financial effects from opportunities is not mandatory if it fails to align with the qualitative characteristics of useful information as outlined in ESRS 1 Appendix B. Additionally, present the Scope 3 GHG emissions, ensuring they are categorized according to the indirect emission categories specified in EN ISO 14064-1:2018.
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Question Id: E1-6_05
URW carried out 3 assessments targeting climate-related risks and opportunities at different levels:
An analysis at Group level, aimed at identifying and prioritising climate-related risks and opportunities the Group could be exposed to as part of the transition to a low-carbon economy (risks and opportunities of transition) and resulting from climate events (physical risks and opportunities).
A deep dive on physical risks that could impact its assets. This assessment covered 95 different assets (Shopping Centres, Convention & Exhibition Centres, Offices) across Europe and was followed-up by 9 site visits to evaluate the local vulnerabilities and support the development of adaptation plans.
An analysis to evaluate potential correlations between various business indicators (seasonal attendance, seasonal revenues) and climate events.
Report Date: 4Q2023Relevance: 65%
- Provide a comprehensive disclosure of the total greenhouse gas (GHG) emissions, disaggregated by Scopes 1, 2, and 3, across the entire value chain, including upstream, own operations, transport, and downstream activities. Ensure that this information aligns with the qualitative characteristics of useful information as outlined in ESRS 1 Appendix B. Additionally, while quantification of financial effects from opportunities is not mandatory if it does not meet these qualitative characteristics, graphical representation of the GHG emissions distribution, such as bar or pie charts, is encouraged within the sustainability statement.
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Question Id: E1-6_06
The total greenhouse gas emissions for 2023 are as follows: Gross Scope 1 GHG emissions: 15,835 tCO2eq, Gross Scope 2 GHG emissions: 117,989 tCO2eq, Gross Scope 3 GHG emissions: 2,953,588 tCO2eq, Total GHG emissions (location-based): 3,071,578 tCO2eq.
Report Date: 4Q2023Relevance: 85%
- Provide the gross Scope 1 greenhouse gas emissions in metric tonnes of CO2 equivalent, as stipulated under Disclosure Requirement E1-6, paragraph 44 (a), concerning Gross Scopes 1, 2, 3, and Total GHG emissions.
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Question Id: E1-6_07
The gross Scope 1 greenhouse gas emissions for 2023 are 15,835 tCO2eq.
Report Date: 4Q2023Relevance: 90%
- Provide the gross location-based Scope 2 greenhouse gas emissions in metric tonnes of CO2 equivalent as part of the disclosure requirement E1-6 concerning gross Scopes 1, 2, 3, and total GHG emissions, as stipulated in paragraph 44 (b).
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Question Id: E1-6_09
The gross location-based Scope 2 greenhouse gas emissions for 2023 are 117,989 tCO2eq.
Report Date: 4Q2023Relevance: 90%
- Provide the gross market-based Scope 2 greenhouse gas emissions in metric tonnes of CO2 equivalent as required by Disclosure Requirement E1-6, paragraph 44 (b), concerning Gross Scopes 1, 2, 3, and Total GHG emissions.
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Question Id: E1-6_10
The gross market-based Scope 2 greenhouse gas emissions for 2023 are 29,385 tCO2eq.
Report Date: 4Q2023Relevance: 90%
- Provide the gross Scope 3 greenhouse gas emissions, as mandated by Disclosure Requirement E1-6, including the total GHG emissions in metric tonnes of CO2 equivalent from each significant Scope 3 category identified as a priority for the undertaking.
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Question Id: E1-6_11
The gross Scope 3 greenhouse gas emissions for 2023 are 2,953,588 tCO2eq.
Report Date: 4Q2023Relevance: 50%