MERLIN Properties Annual Report 2017 / English

ı 81 ı Annual Report 2017 Greenhouse gas (GHG) emissions from MERLIN’s assets (2) Absolute GHG emissions by asset category (t CO 2 eq) and absolute emission intensity (t CO 2 eq/m 2 ) Like-for-like GHG emissions by asset category (t CO 2 eq) and like-for-like emission intensity (t CO 2 eq/m 2 ) GHG emissions in offices GHG emissions in shopping centers GHG emissions in logistic assets GHG emissions intensity in offices GHG emissions intensity in shopping centers GHG emissions intensity in logistic assets (1) The electricity mix emission factor is the value that expresses CO 2 emissions associated to the generation of electricity and is thus an indicator of the energy sources used to produce electricity. The lower the factor, the higher the contribution from low-carbon energy sources. (2) The emission factor recommended by the Ministry of Agriculture and Fisheries, Food and Environment for gas-oil and natural gas were used to calculate Scope 1 GHG emissions. The emission factor recommended by Red Eléctrica de España for the electricity mix has been used for the calculations of Scope 2 GHG emissions Greenhouse gas emissions Greenhouse gas (GHG) emissions associated with MERLIN’s buildings derive from the energy (power and fuel) consumed. In 2017, these emissions were the result of gas-oil and natural gas consumption (Scope 1 emissions) and electricity consumption (Scope 2 emissions), amounting to 26,131 t CO 2 eq. This represents an increase of 175% on the previous year. As with energy consumption, it is attributable to the growth in the number of portfolio assets. In the like-for-like portfolio, GHG emissions totalled 8,625 t CO 2 eq, which is 19.5% up on 2016. Emissions rose above energy consumption due to the rise in the electricity mix emission factor in Spain in 2017 (1) . 2016 2017 2015 40 6,682 3,758 10,480 39 3,412 6,044 51 10,318 15,762 26,131 9,495 0.001 0.001 0.001 0.020 0.025 0.025 0.018 0.018 0.21 2016 2017 2015 40 4,970 3,688 8,698 39 51 3,197 3,981 3,869 4,705 7,217 8,625 0.001 0.001 0.001 0.020 0.023 0.021 0.017 0.019 0.022