Unibail-Rodamco-Westfield
ESRS disclosure: E4-1_13
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- Provide a detailed account of any objectives or plans your company has for aligning its economic activities, specifically revenues and capital expenditures (CapEx), with the criteria set forth in the delegated regulations on biodiversity under the Taxonomy Regulation. This should include any transition plans and considerations of biodiversity and ecosystems within your strategy and business model, as required by Disclosure Requirement E4-6 regarding anticipated financial effects from material biodiversity and ecosystem-related risks and opportunities.
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Question Id: E4-1_13
The Group includes in its sustainability guidelines the requirements related to the Do not Significant Harm ("DNSH") criteria for biodiversity within the EU Taxonomy regulation. In this respect the following criteria are followed by the Group's development projects: An EIA or screening is completed in accordance with Directive 2011/92/EU34. Where an EIA has been carried out, the required mitigation and compensation measures for protecting the environment are implemented. For sites/operations located in or near biodiversity-sensitive areas (including the Natura 2000 network of protected areas, UNESCO World Heritage sites and Key Biodiversity Areas, as well as other protected areas), an appropriate assessment, where applicable, has been conducted and based on its conclusions the necessary mitigation measures are implemented.
Report Date: 4Q2023Relevance: 60%