MERLIN Properties Annual Report 2020 / English

| 67 In line with the best market practices concerning sustainability, MERLIN follows the EPRA (European Public Real Estate Association) Guidelines established it guide: Sustainability Best Practice Recommendations on Reporting (sBPR), in its third and most recent version published in 2017. In this manner, the Company is able to systematically and consistently evaluate the environmental performance of its assets over time, also ensuring that the results obtained are comparable to those reported by other companies in the sector. The EPRA sBPR uses the most recent guidelines established by the GRI (Global Reporting Initiative) in its GRI Standards as a starting point. These standards form the most important sustainability reporting standard in the world, however, as they are aimed at a wide range of companies, they are generic and broad in nature, and in certain cases do not sufficiently cover the specific characteristics of the Real Estate sector. However, the EPRA sBPR Guide provides very specific reporting criteria which detail the requirements established by the GRI Standards. In any event, the environmental information provided in the CSR Report responds to both the EPRA sBPR Guidelines and the GRI Standards. Following the recommendations of this Guide, the CSR Report, according to the tables contained in the EPRA sBPR Guide (Sustainability Best Practice Recommendations) , also includes a series of tables which provide a detailed breakdown of the portfolio’s environmental performance. The information in the CSR Report is also verified by an external auditor in accordance with the criteria established by the GRI Standards (for further information see the table “GRI Table of Contents” in chapter 8.3 of the CSR Report). Below follows the tables with the main KPIs in total and absolute terms and also in Like for Like terms. ENVIRONMENTAL PERFORMANCE OF MERLIN PROPERTIES’ PORTFOLIO