Has the company assessed the extent to which its assets and business activities are exposed and sensitive to identified transition events, considering the likelihood, magnitude, and duration of these events? Provide a detailed explanation of the processes used to identify and assess material climate-related impacts, risks, and opportunities, as required under paragraph 20 (c) of the ESRS regulations. Ensure that the disclosure aligns with the qualitative characteristics of useful information as outlined in ESRS 1 Appendix B.

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_12

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