Unibail-Rodamco-Westfield
Retail REITs
France
ESRS disclosure: E4-3_01
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- Provide a detailed account of how the mitigation hierarchy has been implemented concerning your company's actions related to biodiversity and ecosystems, specifically addressing avoidance, minimisation, restoration/rehabilitation, and compensation or offsets.
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Question Id: E4-3_01
The Group's biodiversity strategy aims to achieve a biodiversity net gain by avoiding and reducing impacts at the project level. The Biodiversity Metric 3.0 methodology is used to calculate biodiversity losses and gains. In case of loss of Biodiversity Units, the Group can finance compensation projects to balance the project's biodiversity net gain. The strategy includes avoiding and reducing impacts, and implementing biodiversity action plans for development projects.
Report Date: 4Q2023Relevance: 85%