Unibail-Rodamco-Westfield
ESRS disclosure: ESRS E4 \ DR E4.IRO-1
Tags Tree
- Provide a detailed account of the processes your organization employs to identify and assess material impacts, risks, dependencies, and opportunities related to biodiversity and ecosystems. Specifically, elucidate whether and how your organization has identified and assessed both actual and potential impacts on biodiversity and ecosystems at your own site locations, as well as within the upstream and downstream segments of your value chain. Include the assessment criteria applied in this evaluation.
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Question Id: E4.IRO-1_01
As part of its Better Places roadmap, the Group developed its Group biodiversity strategy in 2020 in collaboration with external experts. A complete study of the impacts and dependencies of the Group against biodiversity was also led in order to focus the Group strategy on appropriate actions. The study identified impacts such as land artificialisation, degradation, and fragmentation, direct exploitation of water and wood, climate change, pollution, and invasive alien species. Dependencies identified include attractiveness, climate regulation, risk mitigations, and resource supply.
Report Date: 4Q2023Relevance: 80%
- Has the company identified and assessed its dependencies on biodiversity, ecosystems, and their services at its own site locations and throughout its value chain, in accordance with the EU Biodiversity Strategy for 2030?
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Question Id: E4.IRO-1_02
The Group's study identified dependencies on ecosystem services such as attractiveness, climate regulation, risk mitigations, and resource supply. These dependencies were considered in the development of the Group biodiversity strategy.
Report Date: 4Q2023Relevance: 85%
- Provide a detailed account of the processes your organization employs to identify and assess material impacts, risks, dependencies, and opportunities concerning biodiversity and ecosystems. Specifically, disclose whether and how your organization has identified and assessed transition and physical risks and opportunities related to biodiversity and ecosystems, including the criteria used for such assessments based on your organization's impacts and dependencies.
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Question Id: E4.IRO-1_03
The Group's biodiversity strategy includes an assessment of material impacts, risks, and opportunities and their interaction with strategy and business model. The strategy is based on the IPBES and Act4Nature international methodologies.
Report Date: 4Q2023Relevance: 60%
- Provide a detailed account of the processes your organization employs to identify and assess material impacts, risks, dependencies, and opportunities related to biodiversity and ecosystems. Specifically, disclose whether and how systemic risks have been considered in these processes.
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Question Id: E4.IRO-1_04
The Group's biodiversity strategy includes a description of the process to identify and assess material impacts, risks, and opportunities, and their interaction with strategy and business model. However, specific mention of systemic risks is not explicitly detailed.
Report Date: 4Q2023Relevance: 65%
- Provide a detailed account of the processes your organization employs to identify and evaluate material impacts, risks, dependencies, and opportunities related to biodiversity and ecosystems. Specifically, disclose whether and how consultations with affected communities were conducted concerning sustainability assessments of shared biological resources and ecosystems.
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Question Id: E4.IRO-1_05
The Group's biodiversity strategy involves stakeholders such as the Group sustainability team, corporate technical team, and local country teams. However, specific consultations with affected communities are not explicitly detailed.
Report Date: 4Q2023Relevance: 60%
- Provide a detailed account of the processes your company employs to identify and evaluate material impacts, risks, dependencies, and opportunities related to biodiversity and ecosystems. Specifically, disclose whether and how your company has engaged in consultations with affected communities regarding sustainability assessments of shared biological resources and ecosystems. Include information on instances where a site, raw material production, or sourcing is likely to adversely affect biodiversity and ecosystems, and identify the specific sites, raw materials production, or sourcing activities that have negative or potentially negative impacts on these communities.
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Question Id: E4.IRO-1_06
The Group's biodiversity strategy involves stakeholders such as the Group sustainability team, corporate technical team, and local country teams. However, specific consultations with affected communities and instances of adverse effects are not explicitly detailed.
Report Date: 4Q2023Relevance: 60%
- Provide a detailed account of the processes your organization employs to identify and assess material impacts, risks, dependencies, and opportunities related to biodiversity and ecosystems. Specifically, disclose whether and how consultations with affected communities were conducted during sustainability assessments of shared biological resources and ecosystems. Additionally, elucidate how these communities were involved in the materiality assessment, particularly when they are likely to be impacted.
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Question Id: E4.IRO-1_07
The Group's biodiversity strategy involves stakeholders such as the Group sustainability team, corporate technical team, and local country teams. However, specific consultations with affected communities and their involvement in materiality assessment are not explicitly detailed.
Report Date: 4Q2023Relevance: 60%
- Provide a detailed account of the processes your organization employs to identify and evaluate material impacts, risks, dependencies, and opportunities related to biodiversity and ecosystems. Specifically, elucidate whether and how consultations with affected communities were conducted concerning sustainability assessments of shared biological resources and ecosystems. In relation to your operations, specify how negative impacts on ecosystem services relevant to these communities may be avoided. If avoidance is not feasible, outline your plans to minimize such impacts and describe any mitigation measures intended to preserve the value and functionality of priority services.
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Question Id: E4.IRO-1_08
The Group's biodiversity strategy involves stakeholders such as the Group sustainability team, corporate technical team, and local country teams. However, specific consultations with affected communities and plans to avoid or minimize negative impacts are not explicitly detailed.
Report Date: 4Q2023Relevance: 60%
- Provide a detailed description of the processes your company employs to identify and assess material biodiversity and ecosystem-related impacts, risks, dependencies, and opportunities. Include in your response whether and how consultations with affected communities were conducted regarding sustainability assessments of shared biological resources and ecosystems. Specifically, address how your operations impact ecosystem services relevant to these communities. If negative impacts are unavoidable, outline your plans to minimize these impacts and detail the mitigation measures implemented to maintain the value and functionality of priority services.
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Question Id: E4.IRO-1_09
The Group's biodiversity strategy involves stakeholders such as the Group sustainability team, corporate technical team, and local country teams. However, specific consultations with affected communities and plans to minimize impacts are not explicitly detailed.
Report Date: 4Q2023Relevance: 60%
- Has the undertaking utilized biodiversity and ecosystems scenario analysis to inform the identification and assessment of material risks and opportunities over short-, medium-, and long-term time horizons? If so, provide a detailed account of the processes employed to verify the business model(s) using a range of biodiversity and ecosystems scenarios, or other scenarios that model biodiversity and ecosystems-related consequences, with different possible pathways.
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Question Id: E4.IRO-1_10
The Group's biodiversity strategy includes an assessment of material impacts, risks, and opportunities and their interaction with strategy and business model. However, specific use of scenario analysis is not explicitly detailed.
Report Date: 4Q2023Relevance: 60%