Unibail Rodamco Westfield

Unibail Rodamco Westfield's reported carbon emissions

Unibail-Rodamco-Westfield (URW), a real estate services company headquartered in France, has set ambitious climate targets. For the reporting year 2024, the company reported total emissions of approximately 4.24 billion kg CO2e. This includes Scope 1 emissions totalling around 14.9 million kg CO2e, Scope 2 market-based emissions of approximately 25.2 million kg CO2e, and substantial Scope 3 emissions amounting to about 4.20 billion kg CO2e. URW is committed to significant emissions reductions, aligning with Science Based Targets initiative (SBTi) commitments. Their near-term goals include reducing absolute Scope 1 and 2 GHG emissions by 90% by 2030, using a 2015 baseline. Additionally, they aim for a 50% reduction in absolute Scope 3 GHG emissions by 2030, also from a 2015 baseline. Looking further ahead, URW has set a long-term goal to achieve net-zero GHG emissions across their value chain by 2050, with a commitment to maintain at least a 90% absolute reduction in Scope 1 and 2 emissions from 2030 to 2050. They also have a specific target to reduce Scope 3 emissions from downstream transportation and distribution by 40% per visitor by 2030, based on 2015 levels.