Provide a detailed explanation of the scope, methodologies, and frameworks applied in achieving your net-zero target, as disclosed alongside gross GHG emission reduction targets in accordance with Disclosure Requirement E1-4, paragraph 30. Additionally, describe how you intend to neutralize residual GHG emissions, following a reduction of approximately 90-95%, with allowances for justified sectoral variations aligned with a recognized sectoral decarbonisation pathway. Include information on the role of GHG removals within your operations and throughout your upstream and downstream value chain.

Question

Accepted Answer

URW is committed to reaching net zero on its Scopes 1 and 2 by 2030 and on its Scopes 1, 2 and 3 by 2050. The Group is prioritising the reduction of its own GHG emissions, through ambitious reduction targets (at least -90% by 2030 on Scopes 1 and 2 and by 2050 on Scopes 1, 2 and 3, with both targets from a 2015 baseline in absolute value of carbon emissions equivalent). URW will continue exploring opportunities to deal with its Scope 3 residual emissions (for 2050 onwards) prioritising removals within its own value chain. In any case, URW does not and will not rely 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.

Unibail-Rodamco-Westfield

ESRS disclosure: E1-7_20

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