MERLIN Properties Annual Report 2019 / English

| 75 On a complementary basis, MERLIN carries out other actions to offset part of the emissions produced in its assets. Within this context, as in previous years, MERLIN acquired renewable energy certificates (REC) to offset part of the emissions deriving from the electricity consumption of its properties. In this way, it ensures that a proportion of the electricity consumed in its assets is offset through the production of the same amount of energy produced by renewable sources. Specifically, in 2019, 130,978.8 GJ of renewable energy were purchased for approximately 37,192€. In this way, taking this emission offsetting mechanism (REC) along with the green electricity acquired in 2019 and the renewable energy produced in MERLIN’s assets and fed into the grid into account, the Company estimates that it has avoided the emission of 18,285 tCO 2 eq (1) . Additionally, within the framework of its LEED and BREEAM certifications, MERLIN contributes to the conservation and recovery of forests, alongside the association REFORESTA, reversing their degradation and mitigating the effects of climate change. The Company has collaborated economically with reforestation initiatives, making an overall contribution of €25,808. GHG emissions in assets in which MERLIN has no operational control Additionally, MERLIN reports as Scope 3 emissions coming from assets which are from their property, but in which they do not exert any management activity (2) . These emissions have been calculated from the data related to consumption of energy and fuel of this type of assets, using the same emissions factors as the ones used by employees when calculating emissions of Scope 1 and 2, as explained in the previous section. In this way, in absolute terms, the emissions of Scope 3 reached 698 tCO 2 eq in 2019. Regarding portfolio assets, 380 tCO 2 eq were emitted (equivalent to an emissions intensity of 0.014 tCO 2 eq/sqm) in office assets, and 317 tCO 2 eq in logistic assets (equivalent to 0.006 tCO 2 eq/sqm). In the Like for Like portfolio (which consisted of two property offices for this type of assets), Scope 3 emissions accounted for 367 tCO 2 eq. (1) Taking into account all these factors, GHG emissions under a “Market based” approach, which considers the amount of green or conventional electricity produced, purchased from the grid or offset, have been equal to 12,483 tCO 2 eq. (2) This type of scope 3 emissions corresponds to category 13: “Downstream leases”, as established by GHG Protocol. Like for Like GHG Scope 2 emissions by asset category (t CO 2 eq) Absolute GHG Scope 2 emissions by asset category (t CO 2 eq) Absolute GHG scope 2 emissions asset category (t CO2 eq) Scope 2 emissions in offices Scope 2 emissions in shopping centres Scope 2 emissions in logistics assets 2017 2018 2016 4,539 12,994 14,048 7,990 3,412 39 24,394 11,349 51 23,936 9,837 51 Absolute GHG scope 2 emissions asset category (t CO2 eq) Scope 2 emissions in offices Scope 2 emissions in shopping centres Scope 2 emissions in logistics assets 2017 2018 2016 4,539 12,994 14,048 7,990 3,412 39 24,394 11,349 51 23,936 9,837 51 4,064 5,041 2017 2018 2019 3,702 23,505 4,618 22,000 5,109 16,402 2017 2018 2019 13 14 24,394 24,564 20,378 2017 2018 2019 2017 2018 2019 3,084 3,647 4,229 618 971 880 3,446 4,070 4,596 618 971 1,013 12,994 14,676 12,407 11,349 9,837 7,350 51 51 621 12,1 5 12,112 9,187 11,349 9,837 7,188 51 51 27 ,064 5,041 2017 2018 2019 3,702 23,505 4,618 22,000 5,109 16,402 2017 2018 2019 13 14 2 ,394 2 ,564 20,378 2017 2018 19 2017 2018 2019 3,084 3,647 4,229 618 971 880 3,446 4,070 4,596 618 971 1,013 12,994 14,676 12,407 11,349 9,837 7,350 51 51 621 2,105 1 ,1 2 9,187 11,349 9,837 7,188 51 51 27