Unibail Rodamco Westfield

Unibail Rodamco Westfield's reported carbon emissions

Unibail-Rodamco-Westfield (URW), a real estate services company headquartered in France, has reported significant progress towards its climate commitments. **Carbon Emissions:** * **2024:** Total emissions were approximately 4.24 billion kg CO2e. This includes Scope 1 emissions of about 14.9 million kg CO2e, Scope 2 market-based emissions of approximately 25.2 million kg CO2e, and Scope 3 emissions totalling around 4.20 billion kg CO2e. * **2023:** Total emissions amounted to approximately 2.77 billion kg CO2e. Scope 1 emissions were around 15.8 million kg CO2e, Scope 2 market-based emissions were approximately 13.5 million kg CO2e, and Scope 3 emissions were approximately 2.71 billion kg CO2e. * **2022:** Total emissions were approximately 3.03 billion kg CO2e, with Scope 1 at about 20.7 million kg CO2e and Scope 2 market-based emissions at approximately 25.5 million kg CO2e. Scope 3 emissions were reported at around 7.17 billion kg CO2e. * **2021:** Total emissions were approximately 2.76 billion kg CO2e, comprising Scope 1 emissions of around 22.6 million kg CO2e and Scope 2 market-based emissions of approximately 20.9 million kg CO2e. Scope 3 emissions were reported at about 2.71 billion kg CO2e. * **2020:** Total emissions were approximately 2.43 billion kg CO2e, with Scope 1 at around 21.3 million kg CO2e and Scope 2 market-based emissions at approximately 24.4 million kg CO2e. Scope 3 emissions were reported at approximately 2.39 billion kg CO2e. * **2019:** Total emissions were approximately 4.27 billion kg CO2e. Scope 1 emissions were about 24.1 million kg CO2e, and Scope 2 market-based emissions were approximately 70.7 million kg CO2e. Scope 3 emissions were substantial at around 4.17 billion kg CO2e. * **2018:** Total emissions were approximately 2.02 billion kg CO2e, with Scope 1 at about 12.0 million kg CO2e and Scope 2 market-based emissions at approximately 126.0 million kg CO2e. Scope 3 emissions were reported at approximately 3.94 billion kg CO2e. * **2015:** Total emissions were approximately 3.48 billion kg CO2e (sum of Scope 1, 2, and 3). Scope 1 emissions were around 23.4 million kg CO2e, and Scope 2 market-based emissions were approximately 132.0 million kg CO2e. Scope 3 emissions were about 3.33 billion kg CO2e. **Climate Commitments and Reduction Targets:** Unibail-Rodamco-Westfield is committed to significant emissions reductions, aligning with Science Based Targets initiative (SBTi) recommendations. * **Net Zero:** URW aims to achieve net-zero greenhouse gas emissions across its value chain by 2050. * **Near-Term Targets (by 2030 from a 2015 base year):** * A reduction of absolute Scope 1 and 2 GHG emissions by 90%. * A reduction of absolute Scope 3 GHG emissions by 50%. * A reduction of absolute Scope 3 GHG emissions from downstream transportation and distribution by 40% per visitor. * **Long-Term Targets (by 2050 from a 2015 base year):** * Maintenance of at least 90% absolute Scope 1 and 2 GHG emissions reductions. * A reduction of absolute Scope 3 GHG emissions by 90%. These targets are classified as 1.5°C aligned by SBTi, indicating their ambition to limit global warming to this level. The company is considered on track for its near-term and long-term targets, demonstrating proactive efforts in its sustainability journey within the real estate sector.