Net Zero Tracker+Coverage Notes+Unibail-Rodamco-Westfield N.V.+2024+values
The Scope 3 target is different to the Scope 1&2 target.
Scope 3 emissions include:
Greenhouse gas (GHG) emissions generated in the construction of its
development projects;
• GHG emissions due to the private energy consumption of its tenants;
and
• Emissions due to transport of building occupants and especially
visitors to the Group shopping centres.
The carbon reduction targets of the Group cover all of its activities (except airports and exhibition centres), worldwide, including in the UK and the US.
In 2020, all the Group’s reduction targets (except the one for construction which has not been submitted) have been approved by the Science Based Targets initiative (SBTi) as consistent with levels required to meet the goals of the Paris Agreement.
In addition to its existing Better Places 2030 carbon reduction targets, the Group commits to reduce absolute emissions from Scopes 1 & 2 by -65% between 2015 and 2030.
This new target has been approved by the SBTi, in connection with the target to reduce absolute Scopes 1, 2 and 3 GHG emissions by -50% by 2030 from a 2015 base year.
Reaffirming our Operations target including Tenant energy emissions (Scope 3) of -80%(2) in 2030 https://cdn.urw.com/-/media/Corporate~o~Sites/Unibail-Rodamco-Corporate/Files/Homepage/INVESTORS/Financial-Information/Other-Presentation/Investor-Day-2022/20220330-5-Leading-the-environmental-transition.ashx?revision=44b6de6c-e205-4a73-8ea3-210503ba9327