MERLIN Properties Annual Report 2024

MERLIN Properties | 75 optimisation of environmental performance 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 2024. • PE Cerro de los Gamos. Buildings I and IV. • Torre Lisboa • Data Center Barcelona • Lisbon Park. Lot 14. • Valencia - Bétera MERLIN also seeks synergies among its assets to minimise and reuse waste generated during refurbishment. It is worth highlighting the reuse of building materials or building installations, or the reuse of the raised floor and carpeting in Plaza Ruiz Picasso 11, which had to be lifted based on the needs of two customers, and which have been moved to Partenon 16-18 (around 900sqm), and Las Tablas (around 350sqm). 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 developed/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.