Unibail-Rodamco-Westfield
More information available in H2-2024

"Unibail-Rodamco-Westfield's net zero target involves reducing its carbon footprint by 50% by 2030, compared to its 2015 level. Net Zero Tracker
This includes a reduction of emissions from operations by 80%, construction by 35%, and transport by 40% by 2030. Net Zero Tracker
The company's target covers scope 1, 2, and 3 emissions and is limited to carbon dioxide. Net Zero Tracker
An interesting fact about their environmental policy is their plan to eliminate deforestation by 2030. Net Zero Tracker
They also plan to announce enhanced decarbonisation targets in 2023. Net Zero Tracker
In addition, you can check out the …"

Current Score (vs. LY)

30.0 pts (-)

Last Update: Dec. 12, 2023

Current Rankings

Global: #121

CAC40: #31

Real Estate: #3

33.3%

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

25.0%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

33.3%

Results

Results and actions to deliver on commitments for real

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email


Net Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email


Net Zero Future Commitments

There is no net zero target recorded in our database. Email us to report missing information Email


Science-based Targets (SBTI)

Date Published / Updated :01/10/2023

Near-term Long-Term Net Zero Standard
Targets Set : 1.5°C by 2030 Targets Set : 1.5°C by 2050 Yes by 2050
Unibail-Rodamco-Westfield is a member of the Business Ambition for 1.5 campaign (link here )

Overall Net-Zero Target
Unibail-Rodamco-Westfield commits to reach net-zero GHG emissions across the value chain
by 2050.

Near-Term Targets
Unibail-Rodamco-Westfield commits to reduce absolute scope 1 and 2 GHG emissions 90% by
2030 from a 2015 base year. Unibail-Rodamco-Westfield also commits to reduce absolute
scope 3 GHG emissions 50% within the same timeframe.
Unibail-Rodamco-Westfield commits to reduce absolute scope 3 GHG emissions beyond the
minimum boundary from downstream transportation and distribution 40% per visitor by 2030
from a 2015 base year.

Long-Term Targets
Unibail-Rodamco-Westfield commits to maintain at least 90% absolute scope 1 and 2 GHG
emissions reductions from 2030 through 2050 from a 2015 base year.
Unibail-Rodamco-Westfield also commits to reduce absolute scope 3 GHG emissions 90% by
2050 from a 2015 base year.

Data source: SBTI

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for Unibail-Rodamco by zerotracker.net: March 22, 2023
Planning to use external offset credits Yes
Separate targets for emission reductions and removals No
Conditions on use of offset credits
  • No conditions specified
Plans for carbon dioxide removal (CDR) Not Specified

Additional notes: 'Commitment to high-quality carbon offsets as close as possible to our business' Aim to improve the state of local nature and focus on creating green spaces such as green roofs, green walls and green parking lots eg Westfield London and Westfield Stratford City, exhibit over 1,500 sqm of living walls containing close to 50,000 individual plants of over 20 varying species. However, there is no direct mention of nature based solutions for carbon dioxide removal https://report.urw.com/2020/assets/documents/english/UNIBAIL-Annual-Report-2020-ENG-Web-Chapter-2.pdf (Page 91).

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points) 		Max
(points) 		Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 0.0 10.0 -
2 Scope 3 emissions are fully reported and externally-verified 0.0 10.0 -
3 CDP score demonstrates the level of transparent disclosures 10.0 10.0 -
Transparency 10.0 30.0 -
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 0.0 10.0 -
5 Net Zero targets demonstrate a high-level of emergency 0.0 10.0 -
6 Emission reduction targets on a forward-looking basis are ambitious 0.0 10.0 -
7 Targets are science-based as validated by SBTi 10.0 10.0 -
Commitments 10.0 40.0 -
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 -
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 -
10 Implied Temperature Rating by MSCi 10.0 10.0 -
Results 10.0 30.0 -
Total 30.0 100.0 -


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? NC 0.0 / 5.0 -
Are S1+S2 figures verified by a 3rd-party for the last reporting year? NC 0.0/ 5.0 -
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? NC 0.0 / 5.0 -
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? NC 0.0 / 5.0 -
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? A 10.0 / 10.0 -
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? NC 0.0 / 3.0 -
Does the net zero target include an intermediate target by 2030? NC 0.0 / 3.0 -
Does the net zero target include all the emissions? NC 0.0 / 4.0 -
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? NC 0.0 / 5.0 -
Target year for achieving net zero emissions for S1+S2+S3 combined? NC 0.0 / 5.0 -
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2?
0.0 / 5.0 -
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?
No target found
 0.0 / 5.0 -
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? Targets Set 1.5°C 10.0 / 10.0 -
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
The last reporting year could not be found
 0.0 / 5.0 -
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
The last reporting year could not be found
 0.0 / 5.0 -
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
The last reporting year could not be found
 0.0 / 5.0 -
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
The last reporting year could not be found
 0.0 / 5.0 -
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 1.4°C 10.0 / 10.0 -
Total 30.0 / 100.0 -


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