MERLIN Properties Annual Report 2021

MERLIN Properties | 67 This roadmap will be updated as soon as enough progress is made to define quantifiable targets for all five prongs of the strategy. In this regard, MERLIN is in the process of defining its Scope 1, 2 and 3 emission reduction targets in line with SBTi recommendations (1) . It is expected that they will be submitted for validation in 2022. Below is a summary of MERLIN’s emissions in 2021: (1) SBTi: Science Based Target Initiative. (2) The intensity shown includes Scope 1 and Scope 2 location-based emissions. EMISSIONS tCO 2eq 2021 2020 Location-based Scopes 1 & 2 Scope 1 Scope 2 Location-based Scope 3 Intensity tCO 2eq /sqm (2) Absolute 5,880 13,972 98,885 19,803 0.015 (0.04%) (3.5%) N/A LfL (2,4%) (2.4%) 4,552 9,145 - LfL 13,697 0.014 Absolute (8.5%) +6.0% N/A +1.0% +15.2%