Does the undertaking disclose the extent to which it utilizes carbon credits, and specify the quality criteria employed for these credits, in accordance with Disclosure Requirement E1-9? This inquiry pertains to the financing of GHG emission reduction projects outside the undertaking's value chain through the purchase of high-quality carbon credits, as outlined in paragraphs 56(b) and 59, and in relation to GHG emission reduction targets under Disclosure Requirement E1-4.

Question

Accepted Answer

URW is committed to not relying on GHG removal credits nor GHG avoidance credits to reach its GHG carbon reduction targets. Those credits will always be counted separately from the Group’s own GHG emissions. Credits from the Climate fund for Nature (MIROVA) project will be certified and audited to the highest quality standards and in accordance with VCS, CCBS, Gold Standard or equivalent other standard.

Unibail-Rodamco-Westfield

ESRS disclosure: E1-7_12

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