Does the company's transition plan incorporate biodiversity offsets, and if so, where are these offsets intended to be utilized, what is their extent in relation to the overall transition plan, and has the mitigation hierarchy been considered?

Question

Accepted Answer

In case of loss of Biodiversity Units, the Group will have the possibility to finance compensation projects creating enough Biodiversity Units off site to raise the project's balance to a biodiversity net gain. The requirement has been added in the 2023 update of the sustainability guidelines for development projects.

Unibail-Rodamco-Westfield

ESRS disclosure: E4-1_14

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