SUSTAINABLE DEVELOPMENT Act for the Planet 4 To assess the indirvect emissions precisely, a carbon study was Increasing the number of sorting solutions conducted in 2016 to assess certain major items of Scope 3, The Group is endeavoring to increase the number of sorting solutions particularly visitor journeys and the upstream portion of retailers’ in order to grow the proportion of waste sorted on site and thereby activity (product manufacture and upstream freight). With the same reduce the overall processing cost. Over 30 different types of waste goal of precision for the Group’s carbon accounting, in 2017, Klépierre can thus be sorted at the best-performing centers. added some initially missing items (admittedly immaterial, but useful in achieving a comprehensive overall assessment of the various items) The measures taken at the centers are designed to emphasize the to its overall carbon footprint. environmental and financial benefits of on-site separation. They involve raising awareness among employees and working closely with Anticipating the adaptation required due retailers. The Group has great expertise available in this matter, for to the effects of climate change example in Scandinavia or in Germany where 100% recycling rates have been achieved thanks to highly sophisticated collection and Adapting to the effects of climate change presents some challenges separation systems. for the Group. Klépierre is ensuring it capitalizes on these experiences: the Group > The main impacts of this adaptation are financial. The actions best practices manual contains 12 operational illustrations of mentioned above all limit the consequences. They are designed exemplary practices in waste management. to reduce Klépierre’s dependence on fossil fuels and will enable the On average in Europe, 42% of waste is sorted directly at the centers, Group to guard against overly large fluctuations in energy costs. representing more than 29,000 metric tons in 2017. > The physical impacts are more limited, as Klépierre’s assets are located in the major cities in Europe. 3 WASTE SORTED AT THE CENTERS BY TYPE IN METRIC TONS Anticipating them involves dynamic risk management (see section 2017 current basis (93% coverage): 126 shopping centers 1.9.4 “Control measures addressing major risks”). Structural audits and 4,714,794 sq.m EPRA: Waste-Abs are systematically performed to warn of the impacts of extreme weather events (storms, heavy rainfall or snowfall, etc.) and the 2017 – Group In metric tons As % Group’s energy saving efforts will help it to protect itself against changes in average temperatures and higher heating or air 1. Cardboard 14,447 20.6% conditioning requirements. Finally, the Group’s property portfolio 2. Paper 4,401 6.3% is not really affected by drought (see next section 4.2.3 “Circular 3. Glass 672 1.0% economy”). 4. Hangers 37 0.1% > Possible regulatory changes associated with combating climate 5. Plastic 917 1.3% change are mainly examined by the dedicated working groups 6. Metals 216 0.3% within the professional organizations to which the Group belongs. 7. WEEE 48 0.1% 8. Pallets 21 0.0% 9. Food and organic waste 7,553 10.8% 4.2.3 Circular economy 10. Wood 522 0.7% 11. Batteries 9 0.0% Waste management 12. Bulbs and fluorescent tubes 4 0.0% 13. Other waste sorted 706 1.0% Klépierre aims for effective waste management by offering tailored Subtotal Waste sorted on site 29,553 42.1% sorting solutions for tenants and visitors, and then ensuring, with the Unsorted waste 40,630 57.9% service providers responsible for removing and processing the waste, TOTAL 70,182 100% that it reaches the proper destination. Group coverage rate 93% The operation of the Group’s shopping centers generated over 70,182 The percentage of waste recycled and recovered has risen since 2012. metric tons of waste. 99% of this waste was deemed non-hazardous. Klépierre will continue its actions to further limit the disposal of waste Bulbs, fluorescent tubes, electronic waste, electrical appliances and generated by the activities of the shopping centers and to increase paint constitute the bulk of the hazardous waste. They are separated recycling efforts. from other types of waste on site and processed through special recovery channels. The Act for Good® Action Plan provides that by 2022, 100% of waste will be diverted from landfill, meaning that it will be Klépierre is targeting food waste at its centers! recovered. In 2017, Klepierre signed a Europe-wide partnership with the start- Klépierre wants to give a new lease of life to waste and involve each up Too Good To Go. retailer in a circular economy approach. The goal is to go beyond mere Using its mobile app, Too Good To Go, restaurant chains can sell waste recycling, and instead turn it into a resource and give it a new the unsold food of the day. The unsold food is sold at rock-bottom lease of life. Cooperation with centers and retailers is thus essential prices, enhancing the affordability of products for shopping center to achieving this circular economy goal. visitors. Most of the properties in the portfolio are equipped with multi- A dozen centers in five countries have already committed and compartment bins in the common areas, also making it possible to proposed this option to their tenants. raise awareness about selective sorting among center visitors. Tenants are also made aware and ever-more frequent training on sorting waste is being given by technical directors of the centers. KLÉPIERRE 2017 REGISTRATION DOCUMENT 185