Unibail Rodamco Westfield Sustainability Profile
Unibail-Rodamco-Westfield (URW) is a leading global developer and operator of flagship shopping destinations, headquartered in France. Established in 1960, the company has evolved through significant milestones, including the merger of Unibail and Rodamco in 2007, followed by the acquisition of Westfield Corporation in 2018. URW primarily operates in Europe and the United States, focusing on retail, office, and leisure spaces. The company is renowned for its innovative approach to creating vibrant shopping centres that blend retail with entertainment and dining experiences. URW's portfolio includes iconic properties such as Westfield London and Les Quatre Temps in Paris, positioning it as a market leader in the retail real estate sector. With a commitment to sustainability and community engagement, Unibail-Rodamco-Westfield continues to redefine the shopping experience while maintaining a strong competitive edge.
DitchCarbon Score
How does Unibail Rodamco Westfield's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Real Estate Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Unibail Rodamco Westfield's score of 91 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Unibail Rodamco Westfield's reported carbon emissions
In 2024, Unibail Rodamco Westfield reported total carbon emissions of approximately 4,244,604,000 kg CO2e. This includes 14,917,000 kg CO2e from Scope 1 emissions, 25,168,000 kg CO2e from Scope 2 (market-based), and a significant 8,499,899,000 kg CO2e from Scope 3 emissions. The company has set ambitious targets to reduce its carbon footprint, committing to a 90% reduction in absolute Scope 1 and 2 emissions by 2030 from a 2015 baseline, and a 50% reduction in absolute Scope 3 emissions within the same timeframe. Furthermore, Unibail Rodamco Westfield aims to achieve net-zero GHG emissions across its value chain by 2050. In 2023, the company reported total emissions of approximately 2,917,164,000 kg CO2e, with Scope 1 emissions at 15,835,000 kg CO2e, Scope 2 emissions (market-based) at 13,530,000 kg CO2e, and Scope 3 emissions at 5,841,388,000 kg CO2e. The trend indicates a proactive approach to managing and reducing emissions, aligning with industry standards for climate action. Unibail Rodamco Westfield's commitments are supported by the Science Based Targets initiative (SBTi), which validates their targets as consistent with the reductions required to limit global warming to 1.5°C. The company is also focused on reducing emissions associated with downstream transportation and distribution by 40% per visitor by 2030. These initiatives reflect a comprehensive strategy to address climate change and enhance sustainability within the real estate sector.
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| 2015 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 23,434,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 132,018,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 4,938,601,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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Unibail Rodamco Westfield's Scope 3 Categories Breakdown
Unibail Rodamco Westfield's Scope 3 emissions, which increased by 46% last year and increased by approximately 72% since 2015, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Downstream Transportation & Distribution" being the largest emissions source at 39% of Scope 3 emissions.
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Unibail Rodamco Westfield's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Unibail Rodamco Westfield has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Unibail Rodamco Westfield's sustainability data and climate commitments