SUSTAINABLE DEVELOPMENT 4Methodology, Concordance table and data verification Management of the changes in scope Definitions and clarifications Acquisitions, disposals and developments (extensions and/or Energy efficiency and greenhouse gas emissions of the common areas developments) may change the reporting scope and influence the and shared equipment for heating and air conditioning: the energy 2 analysis of changes in indicators. intensity indicators expressed in kWh/m and kWh/visit measure A distinction between “current basis” and “like-for-like basis” applies exclusively the heating and air conditioning consumptions of the across the board to the indicators in the “Managed Portfolio” scope. common areas. They do not measure the whole energy usage of the shopping center because of a lack of comprehensive knowledge on Current basis the private areas consumption of the tenants. With respect to urban heating networks, the energy recovery rate The current basis is used to assess the CSR impact of the property generated by waste combustion and from the reuse of industrial heat portfolio over one year. It shows the effects of management, renovation is calculated for each shopping center. and arbitrage (sales and acquisitions) policies. Intensity of energy and water usage of the whole shopping center: the It includes all shopping centers at least 25%-owned by the Group floor areas used for calculation purposes are the combined common at 12/31/Y, including those which were subject to renovation or areas plus the combined GLA at December 31 of the reporting year. extensions during the reporting period, regardless of the GLA created. Article 225 of the Grenelle II Law: the two topics “land use and water Like-for-like basis consumption” and “water supply according to local constraints” are not addressed in this Document due to the low impact of the Group The like-for-like basis is used to assess changes in performance on these issues. across an identical scope over time. It reflects the Group’s ability to manage and optimize its asset portfolio. Methodological note for social indicators The like-for-like basis includes all the shopping centers owned and managed for at least 24 months. It is calculated on the basis of the 2013 Period and reporting scope scope, which is a like-for-like basis scope over four years. It excludes shopping centers acquired or completed as well as those that were not For all social indicators, the monitoring period used is the period from managed for the entire period. Centers that are subject to an extension January 1 to December 31 in year Y. that adds 20% or more GLA are excluded from the scope. The scope for collecting the data and reporting covers all Group Reporting periods and estimates subsidiaries at December 31, 2017 in which employees have an employment contract with the Group. The major factor to be taken into account is that two different Changes in scope are the result of acquiring new entities or disposing reporting periods are used depending on the indicator. This difference of existing entities. The employees of these entities are incorporated is caused by the Group’s desire to minimize the use of estimates and into or removed from the Klépierre reporting scope with effect from to make it possible to collect and consolidate real data. the month following the transaction date. Some of the usage data for energy, water and waste production is input on the basis of bills received with a certain time lag. In order Definitions and clarifications to reflect actual consumption, the Group decided to use a one-year Workforce: total number of employees at December 31, on open-ended rolling period for the indicators built on the basis of this data. and fixed-term contracts, regardless of the type of contract, number of For all indicators related to “energy,” “waste,” “climate change,” and hours worked and period of employment during the year. “water,” and one “transportation” indicator (proportion of visits by Average workforce: average number of employees at the end of each mode of transportation), the reporting period is from 10/1/Y-1 to month during the year. 9/30/Y. The specific scope for these indicators is therefore adjusted to exclude shopping centers which were not owned or managed between Average gross wages: sum of contractual fixed annual salaries 10/1/Y and 12/31/Y. of employees at December 31, based on full-time employment For water usage, the meter reading can be done a few days before or and excluding variable compensation, divided by workforce at after the dates defined in the protocol. The dates which are closest to December 31, excluding members of the Executive Board. the start and the end of the reporting period will be used. If needed, Turnover (modification of the calculation formula in 2017 as follows): the data will be adjusted to 365 days through extrapolation. the turnover formula is: ((total number of resignations+retirements+ deaths)/ total workforce on open-ended contracts by 31/12/N). Coverage rate The coverage rate gives an indication of the comprehensiveness of published data. The coverage rate is expressed as a percentage of the total value of shopping centers included in the reporting scope. 208 KLÉPIERRE 2017 REGISTRATION DOCUMENT