Has your company identified transition events over short-, medium-, and long-term time horizons, and assessed whether its assets and business activities are exposed to these events, in accordance with Disclosure Requirement E1-9 and ESRS 2 IRO-1? Please provide an explanation of the processes used to identify and assess material climate-related impacts, risks, and opportunities, ensuring alignment with climate-related public policy goals where applicable.

Question

Accepted Answer

Transition risks and opportunities are those associated with the pace and extent at which an organisation manages and adapts to the internal and external pace of change to reduce GHG emissions and transition to renewable energy. As required by the TCFD, the following transition risks have been analysed for URW: Policy and legal risks, Technology risk, Market risk, Reputation risk. Transition opportunities evaluated include: Resource efficiency, Energy source.

Unibail-Rodamco-Westfield

ESRS disclosure: E1.IRO-1_10

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