Unibail-Rodamco-Westfield
Retail REITs
France
ESRS disclosure: E4-4_03
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- Provide a detailed account of whether ecological thresholds and allocations of impacts were considered when establishing targets related to biodiversity and ecosystems. If entity-specific thresholds were applied, elucidate the methodology employed in determining these thresholds.
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Question Id: E4-4_03
The Group's sustainability guidelines include requirements related to the Do Not Significant Harm ("DNSH") criteria for biodiversity within the EU Taxonomy regulation. This involves ensuring that new construction is not built on certain types of land, such as arable land with high soil fertility or land that serves as a habitat for endangered species. The methodology employed involves conducting an EIA or screening in accordance with Directive 2011/92/EU/334 and implementing necessary mitigation and compensation measures.
Report Date: 4Q2023Relevance: 60%