Unibail Rodamco Westfield

Unibail Rodamco Westfield, a real estate services company headquartered in France, reported its latest emissions data for 2025. The company's total reported emissions for 2025 were approximately 3.53 billion kg CO2e. This includes Scope 1 emissions of about 14.56 million kg CO2e, Scope 2 emissions (market-based) of approximately 18.36 million kg CO2e, and Scope 3 emissions of around 3.50 billion kg CO2e. Key categories within Scope 3 include downstream transportation and distribution (about 2.81 billion kg CO2e), investments (about 171.06 million kg CO2e), and purchased goods and services (approximately 183.67 million kg CO2e).

Looking back, the company's total emissions were approximately 4.12 billion kg CO2e in 2024, approximately 3.03 billion kg CO2e in 2022, approximately 2.76 billion kg CO2e in 2021, approximately 2.43 billion kg CO2e in 2020, approximately 4.27 billion kg CO2e in 2019, and about 2.02 billion kg CO2e in 2018. In 2015, total emissions were not available, but Scope 1 emissions were approximately 23.43 million kg CO2e, Scope 2 market-based emissions were about 132.02 million kg CO2e, and Scope 3 emissions included approximately 3.31 billion kg CO2e from downstream transportation and distribution.

Unibail Rodamco Westfield has set several climate commitments and reduction targets. Through the Science Based Targets initiative (SBTi), the company has committed to reaching net-zero greenhouse gas emissions across its value chain by 2050.

Near-term SBTi targets include:

• Reducing absolute Scope 1 and 2 GHG emissions by 90% by 2030 from a 2015 base year.
• Reducing absolute Scope 3 GHG emissions by 50% by 2030 from a 2015 base year.
• Reducing Scope 3 GHG emissions from downstream transportation and distribution by 40% per visitor by 2030 from a 2015 base year.

Long-term SBTi targets involve:

• Maintaining at least a 90% absolute reduction in Scope 1 and 2 GHG emissions from 2030 through 2050 from a 2015 base year.
• Reducing absolute Scope 3 GHG emissions by 90% by 2050 from a 2015 base year.

Additionally, Unibail Rodamco Westfield has committed to:

• Reducing absolute emissions from Scopes 1 and 2 by 65% between 2015 and 2030.
• Reducing greenhouse gas emissions by 50% across the entire value chain by 2030 from a 2015 base year.
• Reducing emissions from construction by 35% by 2030 (from a 2015 base year).
• Reducing emissions from operations by 80% by 2030 (from a 2015 base year).
• Reducing emissions from transport by 40% by 2030 (from a 2015 base year).
• A specific carbon reduction target between 2019 and 2030 to reduce Scope 1 and 2 emissions by 45% and Scope 3 emissions by 45%. This also includes a target for 80% of visitors to arrive via sustainable transport means.