Provide a detailed explanation of the time horizons applied in your resilience analysis, ensuring alignment with the climate and business scenarios used to determine material physical and transition risks, as well as in setting GHG emissions reduction targets. This disclosure should correspond to the requirements outlined in paragraphs AR 11 to AR 12 and should be consistent with the information reported under Disclosure Requirement E1-4.

Question

Accepted Answer

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.

Unibail-Rodamco-Westfield

ESRS disclosure: E1.SBM-3_05

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