MRM - 2018 Registration document

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General information on the issuer and its capital Management report for the year ended 31 December 2018

Finally, because of the low number of employees, the Company did not take any measures in favour of the employment and integration of disabled persons. As M.R.M.’s business is based in France, it is not directly bound by the International Labour Organization’s fundamental conventions on the elimination of forced or compulsory labour and the effective abolition of child labour because French law already prescribes prohibitions in these areas. 4.2.1 General environmental policy While continuing to prioritise the restructuring and value- enhancement of its property portfolio, during the 2018 financial year the Company pursued its commitment to development which reconciles environmental conservation and economic efficiency. In its operations, the Company adheres to and sees that its service providers adhere rigorously to environmental regulations in all stages of property investment (acquisition, design, property management). This concerns, for example, detecting asbestos and other harmful or hazardous materials contained in properties considered for acquisition, drawing up and updating technical reports on asbestos for properties in the portfolio, replacing equipment operating on R22 gas, observing insulation standards, and optimising the energy efficiency of buildings undergoing restructuring. As to the properties being renovated, M.R.M. pays great attention to the treatment of common areas and landscaped spaces. M.R.M. plans to reposition its properties in their environment by incorporating the changes in town planning and the enhancement of natural landscaped surroundings. However, the Company does not believe that its property activity causes any releases to soil that could seriously affect the environment. In addition, SCC and Accessite, both of which provide property management and operational asset management services for M.R.M. retail assets, are signatories of the lessor-tenant charter of the Conseil National des Centres Commerciaux (“CNCC”). The applicant is also planning to offer its tenants a “green” lease that includes an environmental rider: the CNCC lessor-tenant charter, which requires stakeholders to engage in a collective, consensus-based approach to drive progress. The environmental issue has become a major requirement for commercial complexes, involving all lessors and retailers but also the consumers using them every day. It is therefore important for stakeholders in commercial property to formalise their reciprocal commitments and to contribute to achieving the environmental targets that France has set itself. 4.2 Environmental information

The purpose of the CNCC lessor-tenant charter is to define the sustainable development principles to be used in commercial leases. This educational text recommends a series of measures to be implemented covering a range of issues such as reducing the centre’s energy consumption, carbon footprint, waste and water treatment and recycling, air quality, etc. Lastly, the building located at 5 avenue Kléber, which M.R.M. rents for its head office, was designed, refurbished and is operated in accordance with the principles set by the HQE (High Environmental Quality) standard. One of the aims of this standard is to improve the environmental quality of buildings throughout their life cycles from works scheduling to operation to demolition. The Company is keen to involve its personnel as building users in best practice as regards respecting and protecting the environment (selective sorting, recycling, reasonable use of paper, etc.). Environmental appendix to leases Since 2012, an environmental appendix must be attached to all new or renewed lease agreements for all office or retail properties with an area over 2,000m 2 . From 14 July 2013, this appendix became mandatory for all current leases. The environmental Appendix must include the following information, provided by the lessor: • a description of the energy characteristics of the equipment and systems in leased premises (e.g. waste treatment, heating, cooling, ventilation, lighting); • actual water and energy consumption; • the amount of waste generated by the property. This appendix may also include obligations imposed on tenants to reduce energy consumption in the relevant premises. As of 31 December 2018, 14 leases included an environmental appendix. This approach allows M.R.M. to involve tenants in how resources are used. As a result, the Company and its tenants bring together economic and energetic performances. The Company aims to roll out the environmental appendix to its existing tenants gradually as their leases are renewed. Environmental risks As M.R.M.’s real estate activity does not present any particular environmental risk, no provision was recorded for this as of 31 December 2018.

M.R.M. 2018 REGISTRATION DOCUMENT

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