Has the undertaking utilized climate-related scenario analysis to inform the identification of transition events and the assessment of exposure, specifically considering scenarios aligned with the Paris Agreement and limiting climate change to 1.5°C, such as those provided by the International Energy Agency or the Network for Greening the Financial System? Please detail the processes employed to identify and assess material climate-related impacts, risks, and opportunities, as stipulated in Disclosure Requirement E1-9 and ESRS 2 IRO-1.

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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_13

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