MERLIN Properties Annual Report 2023

MERLIN Properties | 93 • Total like for like GHG emissions intensity (tCO 2 eq/sqm). • Total absolute GHG emissions intensity (tCO 2 eq/sqm). 2021 2022 2023 2021 2022 2023 2021 2022 2023 2021 2022 2023 0.002 0.002 0.002 0.002 0.002 0.001 0.009 0.009 0.007 0.008 0.009 0.007 2021 2022 2023 2021 2022 2023 2021 2022 2023 2021 2022 2023 0.002 0.002 0.002 0.002 0.002 0.001 0.009 0.009 0.007 0.008 0.009 0.007 • Like for like GHG scope 2 emissions by asset category (tCO 2 eq). • Absolute GHG scope 2 emissions by asset category (tCO 2 eq). 6,359 5,990 107 7,106 6,059 128 6,205 4,197 89 12,456 13,293 10,491 6,622 6,566 107 7,382 6,665 139 6,305 4,334 105 18 13,296 14,186 10,762 2021 2022 2023 2021 2022 2023 2021 2022 2023 2021 2022 2023 0.007 0.008 0.009 0.008 0.001 0.001 0.000 0.001 0.001 0.000 4,890 4,942 107 5,650 4,950 128 4,180 3,806 89 9,939 10,727 8,076 5,059 5,455 107 5,849 5,530 139 4,281 3,936 105 18 10,620 11,518 8,340 Offices Shopping centers Logistics 6,359 5,990 107 7,106 6,059 128 6,205 4,197 89 12,456 13,293 10,491 6,622 6,566 107 7,382 6,665 139 6,305 4,334 105 18 13,296 14,186 10,762 2021 2022 2023 2021 2022 2023 2021 2022 2023 2021 2022 2023 0.007 0.008 0.009 0.008 0.001 0.001 0.000 0.001 0.001 0.000 4,890 4,942 107 5,650 4,950 128 4,180 3,806 89 9,939 10,727 8,076 5,059 5,455 107 5,849 5,530 139 4,281 3,936 105 18 10,620 11,518 8,340 Offices Shopping centers Logistics SCOPE 3 GREENHOUSE GAS (GHG) EMISSIONS MERLIN has expanded the coverage of the calculation of its Scope 3 indirect greenhouse gas (GHG) emissions in accordance with its Path to Net Zero strategy. The origin of these emissions is the Company's activities at sources that are not under its direct ownership or control. MERLIN has assessed its GHG emissions in the categories defined in the Greenhouse Gas Protocol (GHG Protocol) that are most relevant for the Group's activities, as detailed below. Based on the updated criteria for calculating the Scope 1 and Scope 2 emissions, MERLIN has established the following guidelines for including indirect GHG emissions originating in its value chain for calculating Scope 3 emissions: • Emissions associated with assets where MERLIN is a lessor: emissions from fuel consumption at fixed installations in offices used to air condition lessees’ private areas or at shopping centres where it is used to air condition leased premises. The use of this fuel, the control of its use, and the bills issued are paid by the lessees. • Emissions associated with assets for which the energy consumed in the building is fully metered and billed in the name of a Group company, considering 88% of that consumption to be the tenants' own consumption in carrying on their own activities. • Emissions from the utilities of single- tenant assets held in MERLIN’s name. GHG scope 2 emissions offices GHG scope 2 emissions shopping centers GHG scope 2 emissions logistic warehouses GHG scope 2 emissions data center