GLOSSARY > operations in development: operations at an advanced stage of Greenhouse gases planning, in which Klépierre has obtained land ownership (an acquisition has been completed or the sale has been agreed Gases that absorb infrared rays emitted by the earth’s surface, subject to associated conditions precedent, for example, the contributing to the greenhouse effect. Increasing the concentration attainment of administrative authorizations); of greenhouse gases in the earth’s atmosphere is a decisive factor in climate change. > operations under negotiation, for which deal arrangements and negotiations are underway. Grenelle de l’environnement Diversity Charter A legislative process initiated in France in 2007, the Grenelle Environmental Forum brought together five different collegial groups An initiative undertaken in late 2004, this document formally (elected officials, business, trade unions, NGOs and the government) condemns discrimination in hiring and employment. It expresses the for the purpose of bringing about a green revolution. A draft bill known desire of the signatories to promote a better reflection of the diversity as Grenelle 1 was adopted by the French Parliament on July 23, 2009. of the French population in their workforce. The Group signed it on The Grenelle 2 Act, which specifies its application, was passed on July 31, 2010. June 29, 2010. EMS (Environmental Management System) GRESB (Global Real Estate Sustainability A management tool that allows businesses to roll out processes Benchmark) that lead to reduced environmental impacts. These systems are Non-profit organization whose primary purpose is to assess the designed to help organizations achieve lasting improvements and environmental and social performance of companies specializing in make continuous progress in the area of the environment. The ISO the real estate sector. Created in 2009, it brings together the leading 14001 standard, among others, sets forth specifications and guidelines pension fund managers and key property sector bodies, including for the use and implementation of EMS. It also defines the principles EPRA (European Public Real Estate Association) and ECCE (European and procedures governing environmental audits as well as the criteria Centre for Corporate Engagement – an international research environmental auditors must satisfy. association based in the University of Maastricht). EPRA (European Public Real Estate GRI (Global Reporting Initiative) Association) Originally established in 1997, this initiative seeks to develop the This trade association has more than 200 of Europe’s public real estate directives that are applicable internationally in the area of sustainable companies as members. It publishes recommendations intended to development and report on the economic, environmental and social ensure that the financial reporting disclosures of publicly-traded real (HR) performances of companies. It proposes a benchmark of estate companies are more standardized and more detailed. indicators that enable the measurement of progress made in corporate sustainable development programs. EPRA NNNAV Triple net asset value as calculated according to EPRA Gross rent recommendations. It corresponds to revalued net assets, excluding Contractual rent composed of minimum guaranteed rent, to which is transfer taxes, and after deferred taxes and marking to market of added any additional variable rent, which is calculated on the basis fixed-rate debt and financial instruments. More information on the of the retailer sales. methodology and on the calculation of this indicator is available in chapter 2 “Business for the year” of the present registration document. Hypermarket Extra-financial rating agencies A retail establishment that displays and sells a broad assortment of both food and non-food products over a sales space that exceeds Agencies that rate businesses on their performances in the three 2,500 sq.m. areas of sustainable development: economic, environmental and social. They provide investors with a grid for assessing businesses from an extra-financial perspective. Hypermarket mall A shopping center that generally features a limited number of shops GLA (Gross Leasable Area) whose retail mix is dominated by convenience services and whose anchor is a hypermarket. Total sales area (including the hypermarket if there is one), plus storage area and not including aisles and shared tenant space. Green lease An added clause or schedule to a lease whose aim is to encourage a more constructive dialogue between lessees and lessors on environmental issues in general and energy efficiency in particular. 304 KLÉPIERRE 2017 REGISTRATION DOCUMENT