MERLIN Properties Annual Report 2022

MERLIN Properties | 91 The information provided below describes the calculation of the greenhouse gas (GHG) emissions associated with electricity and fuel consumption (natural gas and diesel), district heating & cooling and the refrigerant gas recharges for the cooling systems recorded at assets under operational control, assets not under operational control, MERLIN’s headquarters in Madrid and the LOOM spaces in Huertas and Salamanca. + MERLIN continues to report its emissions under the location-based method (1) . (1) In both methods, Scope 1 emissions have been calculated considering the factors recommended by the Spanish Ministry of Ecological Transition and Demographic Challenge (MITERD). Likewise, Scope 2 location-based emissions corresponding to electricity consumption have been calculated considering the emission factor of the electricity mix for the countries of Spain and Portugal. The electricity mix emission factor is a ratio that represents the intensity of CO 2 emissions with respect to the generation of electricity consumed. It is therefore an indicator of the relevance of low-carbon energy sources in the country’s electricity production as a whole. The scope 2 location-based emissions corresponding to District Heating consumption have been obtained from the emission factor provided by Districlima, and the emissions corresponding to District Cooling consumption have been obtained considering the specific electricity consumption necessary for the chilled water service and the emission factor of the Spanish electricity mix. Location-based Scopes 1 y 2 Scope 1 Scope 2 Location-based Intensity tCO 2 eq/m 2 Scope 3 Absolute 2020 2,541 10,232 0.009 12,773 n/d 2021 Absolute 2,676 13,148 0.010 15,824 111,627 2022 Absolute 2,670 14,540 0.011 17,210 133,674 For more information on the environmental performance of MERLIN’s portfolio, and the methodology used, please refer to “Appendix I. Environmental performance reporting in accordance with the EPRA Sustainability Best Practices Recommendations (sBPR)”. SCOPE 1 AND SCOPE 2 GREENHOUSE GAS (GHG) EMISSIONS