Does the assessment of assets and business activities deemed to be at material physical risk rely on, or form part of, the process to determine material physical risk and climate scenarios? Provide an explanation of how medium- and long-term time horizons have been defined, and how these definitions are associated with the expected lifetime of the undertaking’s assets, strategic planning horizons, and capital allocation plans.

Question

Accepted Answer

The assessments are conducted using scenarios such as SSP2-4.5 and SSP5-8.5, with time horizons defined as baseline (1981-2010), 2030 (average between 2025 and 2034), and 2050 (average between 2035 and 2064). These timeframes are aligned with the expected lifetime of the assets and strategic planning horizons.

Unibail-Rodamco-Westfield

ESRS disclosure: E1-9_11

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