Unibail-Rodamco-Westfield
ESRS disclosure: ESRS E2
Tags Tree
- Indicate whether and how your policies address mitigating negative impacts related to pollution of air, water, and soil, including prevention and control, within your own operations and across your upstream and downstream value chain.
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Question Id: E2-1_01
The Group material impacts related to pollution have been identified as pollution due to the operations (existing shopping centres) of URW and pollution due to the construction activities of URW. It includes the pollution of air linked to carbon monoxide and fine particles emitted by buildings construction and also, for the buildings in operation, through the visitors' transportation. It also covers the pollution of water and soil throughout the value chain linked to waste deposits, leakage and spills of hazardous products. For those identified pollution sources, URW has set specific policies to mitigate the negative impacts related to those pollutions. The Considerate construction charter aims to mitigate pollution of air, water, soil, fauna, and flora for all major development projects throughout the Group. The Health, Safety ("H&S") and security management policy aims to prevent and limit any pollution within URW operations.
Report Date: 4Q2023Relevance: 85%
- Does the undertaking's policy address substituting and minimizing the use of substances of concern, and phasing out substances of very high concern, particularly for non-essential societal use and in consumer products, within its own operations and its upstream and downstream value chain?
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Question Id: E2-1_02
URW does not produce, use, distribute, commercialise nor import/export substances of concern or substances of very high concern.
Report Date: 4Q2023Relevance: 50%
- Does the undertaking's policy framework encompass measures for preventing incidents and emergency situations, and, in the event of their occurrence, outline strategies for controlling and mitigating their impact on both people and the environment within its operations and across its value chain?
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Question Id: E2-1_03
The Considerate Construction Charter includes requirements and recommendations intended to optimise its worksites' environmental quality while minimising pollution. The Group complies with all applicable environmental legislation across all its activities. The Group's acquisition process incorporates an assessment of technical, regulatory H&S and environmental risks, including soil pollution, water protection and climate change, as part of its preacquisition due diligence. The H&S and security management systems enable the Group to monitor and assess its performance regarding risk prevention on a day-to-day basis and maintain a strong risk management culture embedded within operating and management teams.
Report Date: 4Q2023Relevance: 65%
- Provide a detailed account of any contextual information regarding the relationship between the policies your organization has implemented and their contribution to the EU Action Plan "Towards a Zero Pollution for Air, Water, and Soil." Include descriptions of any material incidents and deposits where pollution has negatively impacted the environment or is anticipated to affect your organization's financial cash flows, financial position, and financial performance across short-, medium-, and long-term horizons.
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Question Id: E2-1_04
Anticipated financial effects from material pollution-related risks and opportunities are in line with the estimates presented in section 3.2.1.D.2 Disclosure requirements in ESRS covered by the undertaking's Sustainability Statement.
Report Date: 4Q2023Relevance: 30%
- Identify the specific layer within the mitigation hierarchy to which the action and resources related to pollution can be allocated, as per Disclosure Requirement E2-2.
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Question Id: E2-2_01
The actions and resources related to pollution are allocated to the 'Considerate construction charter' and 'Health, Safety ('H&S') and security management'.
Report Date: 4Q2023Relevance: 50%
- Provide a detailed account of any actions and resources related to pollution that extend to upstream or downstream value chain engagements. Include a description of material incidents and deposits where pollution has negatively impacted the environment or is anticipated to affect the undertaking's financial cash flows, financial position, and financial performance over short-, medium-, and long-term periods.
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Question Id: E2-2_02
The Considerate construction charter describes the requirements and recommendations aimed at optimizing the worksite's Environmental Quality whilst minimizing its forms of pollution both for the staff of contractors working at the site and for the neighboring area and the natural environment. The Health, Safety ('H&S') and security management document details the processes in place for the annual audits and the expectations from the asset teams to prepare and follow-up on those audits.
Report Date: 4Q2023Relevance: 45%
- Specify the layer within the mitigation hierarchy to which actions and resources related to pollution are allocated, in accordance with Disclosure Requirement E2-2.
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Question Id: E2-2_03
The actions and resources related to pollution are allocated to the 'Considerate construction charter' and 'Health, Safety ('H&S') and security management'.
Report Date: 4Q2023Relevance: 50%
- Provide a detailed account of any site-level action plans that have been implemented to address pollution, including a description of material incidents and deposits where pollution has negatively impacted the environment or is anticipated to affect the company's financial cash flows, financial position, and financial performance across short-, medium-, and long-term horizons. This information should align with the undertaking's pollution-related policy objectives and targets.
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Question Id: E2-2_04
Since 2011, the Group's Considerate Construction Charter is applied to all greenfield/brownfield construction, renovation and extension projects in Continental Europe. It describes the Group's requirements and recommendations intended to optimize its worksites' environmental quality while minimizing pollution for the contractors working on site, the neighboring area and the natural environment. The application of the charter to all construction contractors has been a specific requirement of the Sustainability Brief since 2020, and therefore applies throughout the Group since then.
Report Date: 4Q2023Relevance: 60%
- Indicate whether and how your targets relate to the prevention and control of air pollutants and their respective specific loads, as required by Disclosure Requirement E2-3.
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Question Id: E2-3_01
The Group took several commitments to limit its environmental impacts related to pollution:
- Targets related to operational waste
- Targets related to the mitigation of the carbon emissions (including transport related carbon emissions)
- See Section 3.2.2.B.2 Transition plan for climate change mitigation.
Report Date: 4Q2023Relevance: 50%
- Indicate whether and how your targets relate to the prevention and control of emissions to water and respective specific loads, as required by Disclosure Requirement E2-3 concerning targets related to pollution.
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Question Id: E2-3_02
With regards to the pollution of water and soil through waste deposit, URW is committed to zero waste to landfill throughout its operation by 2025, to limit the global quantity of waste generated in its shopping centres by 2030 and to improve the total recycle rate of its operational waste by 2030.
Report Date: 4Q2023Relevance: 50%