MRM - 2020 Universal Registration Document

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Risks factors

Main risk factors

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CLIMATE CHANGE

Description of the risk and its impacts

Risk mitigation measures

We have observed many climatic variations due to climate change, including increased temperatures and an increase in the number of extreme weather events, including oods, storms, heatwaves and droughts. M.R.M.’s property assets could potentially be exposed to damage caused by the impacts of climate change, such as: • disruption to shopping centre activities, lower footfall in or temporary closure of shopping centres during heatwaves, storms, oods, etc.; • damage to buildings and higher construction or operating costs; • changes in consumer habits.

Over recent years, M.R.M. has prioritised the integration of environmental, social and governance (ESG) criteria into its business activities, both at a corporate level and at the level of its property asset portfolio. An overview of these topics can be found in Sections 4.1 and 4.2 of the management report, which appears in Section 3.6 of this Universal Registration Document. In 2020, M.R.M. took a further step by formalising its strategic commitments in terms of corporate social responsibility (CSR), by mapping its climate change risks, and by introducing a coherent operational action plan, in line with the Company’s goal of reducing its carbon footprint. The structural aspects of this strategy can be found in Section 4.3 of the management report, which appears in Section 3.6 of this Universal Registration Document. Furthermore, M.R.M. carries out energy audits on its assets and implements procedures to reduce itsenergyconsumption and improve environmental efficiency, and incorporates major environmental risks into its investment and/or acquisition decisions. Finally, M.R.M. is also insured against extreme weather events.

M.R.M. 2020 UNIVERSAL REGISTRATION DOCUMENT

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