MERLIN Properties Annual Report 2023

MERLIN Properties | 79 over the lifetimes of buildings. In addition, life cycle assessments are an opportunity to identify areas where circular economy strategies such as reuse, recycling, and remanufacturing can be applied to optimise resource use and minimise waste over the building’s entire life cycle. The following table presents the life cycle assessments carried out in 2023. • Nave B Sector ST 31, Cabanillas del Campo • Nave 1 Sector UG 15, San Fernando de Henares • Building located in Preciados, 28 • Building located in Josefa Valcárcel, 48 MERLIN also seeks synergies among its assets to minimise and reuse waste generated during refurbishment. Reuse of building materials and building fixtures and soil recycling at Cerro de los Gamos can be highlighted as an example of this. The raised flooring removed from Plaza Ruiz Picasso 11 and buildings 2 and 3 at Cerro de los Gamos was reused in buildings 1 and 4 in 2023. The existing raised flooring in buildings 2 and 3 is to be refitted in those buildings and the empty floors in building 5. In addition, the boilers from Cerro de los Gamos building 3 will be recovered and reused in the asset at Castellana 93. The Group’s roadmap calls for greater circularity by its contractors in building and refurbishment projects, and the Group therefore plans to include these criteria when evaluating bids submitted in tender processes. With regard to biodiversity in developments and refurbishments, MERLIN studies the ecological value of the environment and proposes measures to preserve it, with priority given to native plant species in landscaped areas around our assets, avoiding exotic species. Likewise, although implicit in its expansion strategy, the Group avoids deforestation in its developments and refurbishments by acquiring land in urban settings or with previous uses. MERLIN is therefore committed to ensuring that: • 100% of newbuilds/refurbished assets have sustainable construction certification. • 100% of critical suppliers will be evaluated on ESG aspects. MERLIN has made progress in meeting these commitments by obtaining LEED or BREEAM certification for all newbuilds and refurbishments. Merlin is committed to not exceeding the following thresholds on embodied carbon in newbuilds: • Offices: 500 kg CO 2 /sqm. • Logistics: 400 kg CO 2 /sqm. • Shopping centres: 500 kg CO 2 /sqm.