Has the undertaking conducted a screening to determine if its assets and business activities are potentially exposed to transition events, as part of the process to identify and assess material climate-related impacts, risks, and opportunities? Please provide an explanation of whether and how transition events have been identified over the short-, medium-, and long-term, considering that long-term may extend beyond 10 years and align with climate-related public policy goals.

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_11

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