MRM // 2022 Universal Registration Document

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Risk factors

Autres informations

11 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 floods, 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: • disruptions to shopping centre activities, lower footfall in or temporary closures of shopping centres during heatwaves, storms, floods, 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 ESG criteria into its business activities, both at a corporate level and at the level of its property asset portfolio. 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. Furthermore, M.R.M. carries out energy and biodiversity audits on its assets and implements procedures to reduce its energy consumption and improve environmental efficiency, and incorporates major environmental risks into its investment and/ or acquisition decisions. All of these elements are presented in the Statement of Non-Financial Performance included in Chapter 5 of this Universal Registration Document. Finally, M.R.M. is also insured against extreme weather events.

M.R.M. 2022 UNIVERSAL REGISTRATION DOCUMENT

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