Unibail-Rodamco-Westfield
Retail REITs
France
ESRS disclosure: E1.IRO-1_05
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- Has your company defined short-, medium-, and long-term time horizons in relation to anticipated financial effects from material physical and transition risks, as well as potential climate-related opportunities? Additionally, explain how these definitions are linked to the expected lifetime of your assets, strategic planning horizons, and capital allocation plans, in accordance with the processes to identify and assess material climate-related impacts, risks, and opportunities.
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Question Id: E1.IRO-1_05
The timeframes are considered, consistent with the expected lifetime of the activity and the indications of the EU Taxonomy and CSRD: Baseline: average 1981 and 2010 – To understand current exposure; 2030: average between 2021 and 2040 – This timeframe is commonly used for defining climate adaptation planning and budgets; 2050: average between 2035 and 2064 – This timeframe is commonly used for strategic decisions, such as changing the business model or the geographic presence and long-term investments, such as building a new site.
Report Date: 4Q2023Relevance: 85%