Unibail-Rodamco-Westfield
Retail REITs
France
ESRS disclosure: E4-5_05
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- Has the undertaking determined that it directly contributes to the impact drivers of land-use change, freshwater-use change, and/or sea-use change? If so, provide the relevant metrics that measure the conversion over time of land cover, such as deforestation or mining, over periods like 1 or 5 years.
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Question Id: E4-5_05
The preliminary studies of the Group biodiversity strategy showed that one of the main drivers of biodiversity loss, according to the 2019 IPBES report, is the change in land use. It also showed that real estate companies play a major role in this driver due to the artificialisation, degradation and fragmentation of land operated in greenfield projects.
Report Date: 4Q2023Relevance: 60%