SustainabilityClimate & Energy

Unibail-Rodamco is working to limit the impact of its activities on the climate. The Group is also adapting its portfolio to reduce its exposure to the effects of climate change. Unibail-Rodamco's CO2 reduction strategy is based on energy-efficient behaviors and equipment and an increasing reliance on low-carbon and renewable energies.

Climate change

Unibail-Rodamco has developed a long-term roadmap for climate change adaptation and mitigation. This roadmap is helping the Group to understand the scale of risks to asset value and operations and ensure compliance with existing and future legislation. The climate change risk criteria framework has been integrated into the due diligence process for acquisitions and new development projects in order to identify and minimize risks by assessing the vulnerability of potential investments. To mitigate its contribution to climate change, Unibail-Rodamco has introduced challenging energy and CO2 reduction measures. Between 2006 and 2012, the Group already achieved a cumulative -58% for the carbon intensity indicator in a like-for-like perimeter. The Group’s target for carbon mitigation is to achieve -30% for its cumulated carbon intensity by 2020 compared to the 2012 baseline. In 2014, on a cumulative basis since 2012, Unibail-Rodamco reduced its carbon intensity (gCO2e/visit) by 13% for its managed shopping centres portfolio.

Energy consumption

Energy efficiency measures are applied in every asset that the Group manages. In all cases, Unibail-Rodamco aims to reduce consumption while ensuring that the needs of its different stakeholders are met. Energy efficiency is a determining factor in the choice of technical equipment, notably for lighting, heating, cooling and ventilation, and during the design of new developments and extension/renovation projects. Active energy management and maintenance helps to reduce consumption. Unibail-Rodamco has already reached a cumulative -23% decrease in energy efficiency (kWh/visit) between 2006 and 2012. The Group is now measuring its performance in energy efficiency against a long-term target aiming to reduce kWh/visit by 25% in 2020, relative to the 2012 baseline for managed Shopping Centres. In 2014, on a cumulative basis since 2012, Unibail-Rodamco reduced its energy efficiency (gCO2e/visit) by 8% for its managed shopping centres portfolio.

Energy mix

Unibail- Rodamco works to reduce the carbon content of the energy it consumes by purchasing energy from low- carbon and renewable sources. This Group’s purchasing policy reduces the environmental impact of the Group’s operations and encourages suppliers to invest in ‘green’ power- generation technologies.

Transport

The Group focuses on assets that have central locations in major European cities and are easily accessed by sustainable modes of transport. All of the Group's office buildings and convention and exhibition centres and most of its shopping centres benefit from good connection to public transport networks. The Group cannot dictate the transport choices of its visitors and tenants, but can make it easier for visitors to access low-carbon transport. At present, efforts are focused on the creation of pedestrian footpaths and cycle tracks and the promotion of charging points for electric vehicles, shuttle connections to local transport hubs, and car-sharing schemes. In 2014, 53% of the visitors already comes to the Group’s shopping centres by a sustainable mode of transport (public transport, foot, and bicycle).