Unibail-Rodamco-Westfield
ESRS disclosure: ESRS E4 \ DR E4-3
Tags Tree
- 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%
- Has the undertaking utilized biodiversity offsets within its action plans? If so, provide detailed information regarding the use of biodiversity offsets in these plans.
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Question Id: E4-3_02
The Group commits to achieving a biodiversity net gain and, in case of loss of Biodiversity Units, has the possibility to finance compensation projects to raise the project's balance to a biodiversity net gain. This indicates the use of biodiversity offsets.
Report Date: 4Q2023Relevance: 80%
- Provide details regarding the use of biodiversity offsets within your action plans. Specifically, disclose the aim of the biodiversity offset and the key performance indicators employed.
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Question Id: E4-3_03
The aim of the biodiversity offset is to achieve a biodiversity net gain. The Biodiversity Metric 3.0 methodology is used to calculate biodiversity losses and gains, which serves as a key performance indicator.
Report Date: 4Q2023Relevance: 85%
- Provide details on whether biodiversity offsets are utilized within your action plans. If applicable, disclose the monetary value of both direct and indirect costs associated with these biodiversity offsets.
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Question Id: E4-3_04
The Group can finance compensation projects to achieve a biodiversity net gain, indicating the use of biodiversity offsets. However, the monetary value of costs is not disclosed.
Report Date: 4Q2023Relevance: 65%
- Provide an explanation of how significant capital expenditures (CapEx) and operational expenditures (OpEx) required to implement actions related to biodiversity and ecosystems are associated with relevant line items or notes in the financial statements, as per Disclosure Requirement E4-6 concerning anticipated financial effects from material biodiversity and ecosystem-related risks and opportunities.
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Question Id: E4-3_05
Anticipated financial effects from the consideration of biodiversity in development projects are in line with the estimates presented in section 3.2.2.A.4.2 Disclosure requirements in ESRS covered by the undertaking’s Sustainability Statement.
Report Date: 4Q2023Relevance: 35%
- Provide an explanation of the relationship between significant capital expenditures (CapEx) and operational expenditures (OpEx) necessary to implement actions taken or planned, in relation to the CapEx plan mandated by Commission Delegated Regulation (EU) 2021/2178. This should include anticipated financial effects stemming from material biodiversity and ecosystem-related risks and opportunities, as outlined in Disclosure Requirement E4-6, and actions and resources associated with biodiversity and ecosystems, as specified in Disclosure Requirement E4-3.
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Question Id: E4-3_07
Anticipated financial effects from the consideration of biodiversity in development projects are in line with the estimates presented in section 3.2.2.A.4.2 Disclosure requirements in ESRS covered by the undertaking’s Sustainability Statement.
Report Date: 4Q2023Relevance: 45%
- Provide a detailed description of whether and how local and indigenous knowledge, as well as nature-based solutions, have been integrated into your biodiversity and ecosystems-related actions.
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Question Id: E4-3_09
The Group has invested in initiatives like The Climate Fund for Nature and The Nature Impact Fund, which involve local communities and stakeholders in the design and management of projects to support biodiversity conservation and sustainable use.
Report Date: 4Q2023Relevance: 80%
- Provide a detailed account of the key stakeholders involved in your company's actions related to biodiversity and ecosystems. Specify the nature of their involvement, and identify any stakeholders who are either negatively or positively impacted by these actions. Include a description of the impacts or benefits experienced by affected communities, smallholders, indigenous peoples, or other individuals in vulnerable situations.
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Question Id: E4-3_10
Stakeholders involved include the Group sustainability team, corporate technical team, corporate development teams, technical and development local country teams, and asset teams. The policy is for internal purposes only, and no specific impacts or benefits on communities or individuals are detailed.
Report Date: 4Q2023Relevance: 50%
- Provide an explanation regarding the necessity for conducting appropriate consultations and respecting the decisions of affected communities in relation to key actions and resources concerning biodiversity and ecosystems.
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Question Id: E4-3_11
Some projects undertake an Environmental Impact Assessment (EIA) with a biodiversity component, which includes a public consultation as part of the process.
Report Date: 4Q2023Relevance: 60%
- Provide a detailed assessment of whether the key actions undertaken by your company may result in significant negative sustainability impacts on biodiversity and ecosystems, as per Disclosure Requirement E4-6 concerning anticipated financial effects from material biodiversity and ecosystem-related risks and opportunities, and in alignment with Disclosure Requirement E4-3 regarding actions and resources related to biodiversity and ecosystems.
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Question Id: E4-3_12
Anticipated financial effects from the consideration of biodiversity in development projects are in line with the estimates presented in section 3.2.2.A.4.2 Disclosure requirements in ESRS covered by the undertaking’s Sustainability Statement.
Report Date: 4Q2023Relevance: 50%