MERLIN Properties Annual Report 2018 / English

ı 81 ı Annual Report 20 18 Greenhouse gas emissions The consumption of non-renewable energy in MERLIN’s assets (electricity and fuel) has greenhouse gas emissions associated. For the like for like portfolio, total greenhouse gas emission decreased to 9,249 t CO 2 eq, 10% compared to 2017. Broken down by scope, a total of 1,731 t CO 2 eq were derived from fuel consumption in the Company’s assets, while the remaining 7,518 t CO 2 eq were emitted as a result of the electricity consumption produced by the Company’s assets. This decrease is mainly has been due to, principally, the decline of the electricity mix emission factor in Spain (1) . In absolute terms, in 2018 total emissions increased to 28,761 tonnes of CO 2 , an increase of 1% on the previous year. Broken down by scope, emissions from the consumption of gas oil and natural gas (scope 1 emissions) amounted to 4,824 tonnes of CO 2 eq, while emissions from electricity consumption (scope 2 emission) have increased to 23,936 t CO 2 eq. GREENHOUSE GAS EMISSIONS (GHG) FROM MERLIN'S ASSETS (2) GHG emissions by asset category (t CO 2 eq) and intensity (3) of absolute emissions (t CO 2 eq/sqm) Like for like GHG emissions by asset category (t CO 2 eq) and intensity (3) of emissions (t CO 2 eq/sqm) GHG emissions in offices GHG emissions in shopping centers GHG emissions in logistic assets Emission intensity in offices Emission intensity in shopping centers Emission intensity in logistic assets (1) The electricity mix emission factor is the value that expresses CO 2 emissions associated with the generation of electricity consumed and is therefore 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 factors 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 was used to calculate Scope 2 GHG emissions for each year. (3) Intensity has been calculated as the total floor area of the assets. GHG emissions by asset category (t CO2 eq) and intensity of absolute emissions (t CO2 eq/m2) GHG emissions in offices GHG emissions in shopping centers GHG emissions in logistic assets 2017 2018 2016 6,029 9,479 0.001 0.020 0.021 0.025 0.028 3,412 39 16,440 11,967 51 18,036 28,761 10,674 51 0.019 0.001 0.001 28,458 0.020 GHG emissions by as et c t r (t 2 eq) and intensity of absolu emissions (t CO2 eq/m2) GHG emissions in offices GHG emissions in shopping centers GHG emissions in logistic assets 2017 2018 2016 6,029 9,479 0.001 0.020 0.021 0.025 0.028 3,412 39 16,440 11,967 51 18,036 28,761 10,674 51 0.019 0.001 0.001 28,458 0.020 GHG emissions by asset category (t CO2 eq) and like for like intensity of emissions (t CO2 eq/m2) Emission intensity in offices Emission intensity in shopping centres Emission intensity in logistics assets 2017 2018 2016 5,216 8,452 0.001 0.019 0.021 0.024 0.018 0.021 3,197 39 6,356 3,869 51 5,906 9,249 3,292 51 0.001 0.001 10,276 0.026 GHG emissions by asset category (t CO2 eq) and like for lik in ensity of emi sions (t CO2 eq/m2) Emission intensity in offices Emission intensity in shopping centres Emission intensity in logistics assets 2017 2018 2016 5,216 8,452 . 01 0.019 0.021 0.024 0.018 0.021 3,197 39 6,356 3,869 51 5,906 9,249 3,292 51 0.001 0.001 10,276 0.026