Unibail-Rodamco-Westfield
Retail REITs
France
ESRS disclosure: E5.IRO-1_01
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- Has the undertaking conducted a screening of its assets and activities to identify actual and potential impacts, risks, and opportunities within its own operations and across its upstream and downstream value chain? If such a screening has been performed, provide a detailed account of the methodologies, assumptions, and tools employed in this process.
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Question Id: E5.IRO-1_01
Since January 1, 2021, URW has been subject to the EU Environmental Taxonomy Regulation. The EU Taxonomy introduces a unified classification system to determine the sustainability level of investments, in order to drive capital towards financing the EU environmental transition. The sustainability of a financial vehicle is determined by the share of sustainable economic activities it finances in its portfolio. Consequently, all economic activities listed in the scope of the EU Taxonomy (i.e., 'eligible' activities) are to be screened for their environmental impacts, based on the environmental criteria ('Technical Screening Criteria' (TSC)) defined in the EU Taxonomy Delegated Acts.
Report Date: 4Q2023Relevance: 65%