SUSTAINABLE DEVELOPMENT 4Act for the Planet (1) 3 PROPORTION OF WASTE RECYCLED AND RECOVERED 2017 current basis (92% coverage): 102 shopping centers and 4,009,731 sq.m Central Group France- Europe The coverage Belgium Italy Scandinavia Iberia & Turkey Netherlands(a) Germany Group rate RECYCLED 2015 33% 39% 52% 32% 30% 0 0 37% 86% 2016 33% 42% 52% 33% 39% 37% 67% 39% 86% 2017 28% 38% 52% 38% 36% 65% 67% 42% 92% RECOVERED 2015 80% 48% 100% 60% 62% 1 1 75% 86% 2016 80% 48% 99% 59% 66% 99% 100% 75% 86% 2017 78% 68% 100% 59% 44% 97% 99% 75% 92% (a) Because of the major work underway in 2017, Hoog Catharijne was excluded from the reporting (the values, which are overly impacted, add noise to the country’s annual trends). 3 BREAKDOWN OF WASTE BY DESTINATION 2017 current basi (94% coverage) s: 129 shopping centers and 4,740,614 sq.m EPRA: Waste-Abs Central Group France- Europe The coverage Belgium Italy Scandinavia Iberia & Turkey Netherlands(a) Germany Group rate Recycled a 5,381 3,223 3,269 3,848 2,514 1,809 293 20,336 Reused b 245 1,196 0 0 309 0 0 1,750 Composted c 79 584 670 1,610 118 48 27 3,135 Subtotal recycled a+b+c 5,704 5,004 3,938 5,458 2,941 1,857 320 25,221 Incinerated e 5,642 0 4,559 470 865 845 148 12,530 94% Any other form of recovery f 970 3,513 898 0 129 0 100 5,611 Subtotal recovered a+b+c+e+f 12,317 8,516 9,395 5,929 3,935 2,702 568 43,562 Landfill + incinerated not recovered g 10,417 6,154 369 4,281 5,171 70 358 26,820 TOTAL IN METRIC TONS 22,734 14,671 9,765 10,209 9,106 2,772 926 70,182 (a) Because of the major work underway in 2017, Hoog Catharijne was excluded from the reporting (the values, which are overly impacted, add noise to the country’s annual trends). 3 CHANGE IN BREAKDOWN OF WASTE BY DESTINATION 2017/15 like-for-like basis (71% coverage): 96 shopping centers and 3,510,408 sq.m EPRA: Waste-LfL 2017 2016 2015 Group Group Group Group In metric In metric coverage In metric tons As a % tons As a % tons As a % rate Recycled a 14,640 30% 16,856 36% 15,998 35% Reused b 1,582 3% 37 0% 222 0% Composted c 2,771 6% 1,398 3% 605 1% Subtotal recycled a+b+c 18,993 39% 18,291 39% 16,824 37% Incinerated e 9,651 20% 8,207 17% 6,916 15% 71% Any other form of recovery f 5,138 11% 8,810 19% 10,245 23% Subtotal recovered a+b+c+e+f 33,781 69% 35,309 75% 33,985 75% Landfill + incinerated not recovered g 18,111 31% 11,909 25% 11,458 25% TOTAL 51,892 100% 47,218 100% 45,443 100% In 2017, significant work leading to higher precision in waste reporting > Another pilot on optimized waste management was also launched was conducted over the entire scope for greater transparency at the Claye Souilly center. regarding the destination of waste collected (which explains the > In addition to managing final waste, the Group also wants to trends in the tables above). promote and develop initiatives to breathe new life into it by Waste management at a center involves a large number of parties, and involving each tenant in a circular economy approach. The goal this is the main reason the Group wanted to involve its partners in the is to go beyond mere waste recycling, and instead turn it into a search for innovative solutions: resource and give it a new use. Cooperation between the Klépierre > Klépierre signed a partnership with Veolia, a recognized player in teams and the retailers is thus essential to achieving this circular waste management, to make the Val d’Europe center an innovation economy goal. test bed. Lasting some six months, this pilot was intended to combine Klépierre’s expertise in running shopping centers with Veolia’s expertise in waste management in order to jointly develop the solutions of the future. (1) The authorities are responsible for the collection of waste on certain sites in Italy, France, and Turkey. These sites are not included in the reporting because the Group does not have control over the final destination of the waste and does not receive any reports from the provider, which explains the 86% coverage rate.. 186 KLÉPIERRE 2017 REGISTRATION DOCUMENT