MERLIN Properties Annual Report 2023

MERLIN Properties | 75 Environmental performance data are reported both in absolute terms and in relative terms, known as intensity, i.e. absolute consumption or emissions divided by the surface area for which the consumption or emissions are reported. Environmental indicators on that basis are calculated taking into account the percentage of gross leasable area (GLA): • To measure the intensities for assets that are in operation for part of the year, each asset’s GLA is weighted according to the time it has been in operation. • In the case of assets that form part of an owners’ association, the share of equity is applied to the energy and water consumption data. In these cases, the surface area taken into account in the calculations represents MERLIN’s share of equity in the asset. • The total GLA of the assets is considered in the calculation of energy and water intensity, except in those cases where MERLIN only has control over the management of consumption in the common areas, in which case only the surface area of these common areas is considered. The data reported express the following percentage total GLA in each asset category: Offices Logistics Shopping Centres 99% 99% 77% 93% Energy % GLA Water % GLA Waste % GLA Certifications % GLA 72% 74% 62% 96% 33% 28% 10% 90%