MRM_REGISTRATION_DOCUMENT_2017

3

General information on the issuer and its share capital Management report for the year ended 31 December 2017

The Green Approach Guides recommend Green Committee meetings on a half-yearly or annual basis. The Green Committees are comprised of representatives of the lessor, tenants, technical service provider, property manager and all servicing and/or maintenance companies employed by the lessor or tenants. Green Committees are responsible for: • Studying and assessing the intrinsic environmental performance of the property and any changes to the property, the premises or their operation that could affect its environmental performance during its lifetime, as well as energy and water consumption and waste generation related to the life of the property; • Adapting and drawing up environmental targets to reduce the property’s energy consumption, carbon emissions, water consumption and waste generation through the use of eco-friendly equipment as far as possible (e.g. renewable energies, rainwater recovery, water recycling); • Monitoring and reporting on changes to environmental targets in terms of the property’s water and energy consumption and waste generation or relating to progress made in terms of achieving targets set at previous meetings; • Setting new targets to be achieved over the next six-twelve months. In 2017, a Green Committee met on several occasions and had fruitful discussions about the Nova building (M.R.M.’s last remaining office property). These Committee meetings improved communication and understanding between stakeholders and led to the rapid, efficient implementation of action plans to significantly improve the environmental performance of properties. 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 2,000 sqm. 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 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 2017, 22 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 2017. 4.2.2 Pollution and waste management Waste management for office properties owned by M.R.M. is the responsibility of the property manager. The waste collection service offered to occupants involves selective sorting of office waste baskets at source. In office properties, waste prevention, recycling and disposal measures are set out in the Green Approach Guides and by Green Committees to support and encourage tenants to set up the equipment necessary for sorting at source, to take out a selective collection agreement, to train their cleaning service provider on how to organise collections, to draw up a quarterly report on collection (quantities and decommissioning), to oversee the volumes and quality of waste generated by a monitoring group and to report on the results obtained. At the Nova property in La Garenne-Colombes, M.R.M. has further improved recycling by managing waste such as used batteries and wants to go further by extending waste collection to plastic (cups, bottles), metals (drink cans) and glass (fluorescent tubes). As regards selective waste sorting, all our shopping centres have dedicated containers for paper, plastic and other waste, provided to our tenants. M.R.M. ensures on a daily basis that retail tenants sort their waste. In the Carrefour École-Valentin shopping mall, M.R.M. raises awareness of best practice in selective sorting among its retail tenants twice a year. Generally, during and after the refurbishment or construction of a property, the Company encourages companies carrying out the work to reduce noise pollution from building sites and to strictly manage waste in order to limit the nuisance caused to the neighbourhood and any occupants of the property and to respect the area around the property.

62

M.R.M. 2017 REGISTRATION DOCUMENT