Provide a detailed explanation of whether and how the assessment of assets and business activities deemed to be at material transition risk is integrated into the process for determining material transition risks and scenarios, as outlined in paragraphs 20 (c) and AR 11, and required under paragraphs AR 12 to AR 13. Additionally, elucidate how medium- and long-term time horizons have been defined and their connection to the expected lifetime of the undertaking’s assets, strategic planning horizons, and capital allocation plans.

Question

Accepted Answer

The transition risks are evaluated based on policy and legal risks, technology risks, market risks, and reputation risks. The assessments consider the pace of change and adaptation to renewable energy, with time horizons aligned with strategic planning and asset lifetimes.

Unibail-Rodamco-Westfield

ESRS disclosure: E1-9_19

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