Unibail-Rodamco-Westfield

Retail REITs

URW.AS

€ 52 3.9

Share price

$ 8 bn

Market Cap

$ 38 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.03x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

FY2022

Unibail-Rodamco-Westfield aims to reduce Scope 1 + 2 by 65% by 2030 from a base year 2015

This target is most likely outdated and the company appears to have already achieved it

1.5°C

Secondary Climate Goal

Proj. YOY change in GHG emissions (all Scopes)

Weaker than the -6.5% weighted average for S&P 500

FY2022

Unibail-Rodamco-Westfield aims to reduce all Scopes by 50% by 2030 from a base year 2015

1.5°C

GHG emissions and Carbon intensity

Unibail-Rodamco-Westfield reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 44 Kt (-2.1 /-4.7% y-o-y). Also positively, carbon intensity declined marginally to 15 t (-0.1 /-0.7% y-o-y).

Unibail-Rodamco-Westfield's Scope 3 emissions was up at 2,746 Kt (+258/+10% y-o-y). The time series has been volatile over the last few periods.

The company is committed to reducing Scope 1 + 2 by 65% by 2030 from a base year 2015, which it appears to have already achieved as of 2021. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Also, the company commits to reducing all Scopes by 50% by 2030 from a base year 2015, which translates into the estimated reduction of -29 Kt per annum over the period of FY2022 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	44	23	21	2,746	2,991	15
2020Q4	46	21	24	2,488	3,098	15
2019Q4	95	24	71	4,129	3,800	25
2015Q4	162	27	135	4,892	2,216	73