MERLIN Properties Annual Report 2019 / English

| 77 Waste management Within the framework of the ISO 14001 Environmental Management System certification, MERLIN has adopted a systematic approach to handle portfolio waste and separate waste into hazardous and non-hazardous. Given the type of activity performed by the company, very little hazardous waste has been generated by its assets. Specifically, the waste generation in the portfolio in Like for Like terms (1) has amounted to 2,039 tonnes in 2019, mainly generated by the shopping centres portfolio (76.4%), particularly in the Arenas shopping centre. Similarly, within this portfolio, waste management also took place in the logistic assets portfolio (23.5%), corresponding to Coslada, and to a minor extent in offices (0.1%). The increase with respect to the previous year has been of a 10.4%, derived mainly from the increase in the generation of waste in Coslada in 2019, after the entry of a new tenant. At the same time, the waste generated in absolute terms reached 7,258 tonnes in 2019, of which 91.0% was generated in shopping centres while logistic assets and offices accounted for 6.6% and 2.4%, respectively. In absolute terms, the increase in the volume of waste managed amounted to 89.0% compared with 2018. This increase results from the addition of new assets included in the scope of reporting, especially shopping centres (Thader, Larios, Artea, El Saler and Vilamarina). (1) Like for Like reporting includes only those assets for which there is a record of waste generated for 2017, 2018 and 2019