The document refers to the Group's biodiversity strategy and its integration with the business model, mentioning the identification of material impacts, risks, and opportunities. However, it does not provide a comprehensive list of material sites.

The document discusses the Group's biodiversity strategy and its impacts, risks, and opportunities but does not provide a specific list of material sites or locations affecting biodiversity-sensitive areas.

The document outlines the Group's approach to biodiversity but does not provide a detailed breakdown of material sites or their ecological status.

The document discusses biodiversity impacts and strategies but does not specify material sites or biodiversity-sensitive areas impacted.

The document mentions 'Change in land use' including land artificialisation, degradation & fragmentation, and degradation of habitats from material production as impacts on biodiversity loss.

The document refers to biodiversity strategies and impacts but does not explicitly mention operations affecting threatened species.

Since 2020, the Group adopted a Circular Economy Framework to guide the development teams in the incorporation of circular economy design solutions in their projects. This practical framework allows them to better understand and apply the right circular economy solution for their projects. As part of its pioneering commitment to reducing its construction carbon footprint by -35% between 2015 and 2030, the Group focuses on the choice and use of materials for its development projects. Specifically, it involves: adopting a 'lean material construction' approach right from the design phase (structure, façade, false ceilings, fixtures and fittings, etc.); using new solutions and optimised low-carbon materials (low-carbon cement and concrete, bio-sourced materials, recycled materials, etc.); asking subcontractors to put forward alternative solutions with low-carbon content; and adopting a purchasing policy that includes criteria for the carbon content of products and construction materials (requiring environmental and H&S certification – Environmental Product Declarations). In 2019, the Group also developed guidelines on low-carbon interior design to help from the very beginning the interior architect design teams to choose the best material options for interior design of shopping centres based on their carbon performance and therefore also promoting reuse. The Group’s priority is to work towards reducing the carbon impact of the most significant items, beginning with the structure and foundations of the building. The Group studies the use of low-carbon concrete for all its development projects and the use of materials or use of materials with recycled content when possible.

The policies in place in relation to resource use and circular economy are listed in the table below. Policy: Circular economy framework. Description of key contents: Include the key concepts of circular economy for the development projects, split in three themes (Circular design, Sustainable sourcing and Resource management). Description of scope of policy and its exclusions: Development projects. Description of most senior level in organisation that is accountable for implementation of policy: The Management Board (MB) and the Executive Committee (EC). Disclosure of third-party standards or initiatives that are respected through implementation of policy: Cradle to Cradle Products Innovation Institute. Description of consideration given to interests of key stakeholders in setting policy: Stakeholders involved: Group sustainability team, the corporate development teams and the development local country teams. Explanation of how policies made available to potentially affected stakeholders and stakeholders who need to help implement it: The policy is for internal purposes only.

The total volume of waste generated in a building, whatever its use, is mostly dependent on the level of activity of the tenants, i.e. sales for shopping centres and occupancy for office buildings. This means that the Group has a limited impact on the total volume of waste generated onsite. Nevertheless, the Group is committed to waste management efficiency measures, such as increasing waste sorting, raising awareness among tenants, as well as reducing the amount of waste generated, disposed, and implementing innovative waste management solutions. Improving Waste Sorting in Collaboration with Tenants and Waste Service Providers: Suitable waste segregation facilities are in place in all assets and most assets are equipped with specific sorting facilities and treatment solutions for organic waste, which represents a significant share of the total amount of waste generated by the Group. Tenants are regularly informed and made aware of local on-site waste management policies and processes and of the importance of sorting waste through tenants’ on-site discussions or the communication of site-level waste sorting guidelines. Both supplier purchasing contracts and tenant lease clauses establish the minimum requirements to be met for waste sorting and recycling. In Europe, waste management service providers must monitor and submit a monthly progress report, with details of tonnages collected by type of waste and recycling percentages achieved. Furthermore, they are asked to regularly submit a waste management improvement plan or propose available opportunities, such as upgrades in material recovery facilities, or modified equipment when the tenant mix changes to site management teams, to ensure the efficient management of each location’s waste streams. Shopping centre technical managers meet with waste management service providers on a frequent basis to monitor progress and performance. The waste solution providers’ remit, however, extend beyond just management and reporting, also focusing heavily on tenant engagement and communications.

Since 2020, the Group adopted a Circular Economy Framework to guide the development teams in the incorporation of circular economy design solutions in their projects. This practical framework allows them to better understand and apply the right circular economy solution for their projects. As part of its pioneering commitment to reducing its construction carbon footprint by -35% between 2015 and 2030, the Group focuses on the choice and use of materials for its development projects. Specifically, it involves: adopting a 'lean material construction' approach right from the design phase (structure, façade, false ceilings, fixtures and fittings, etc.); using new solutions and optimised low-carbon materials (low-carbon cement and concrete, bio-sourced materials, recycled materials, etc.); asking subcontractors to put forward alternative solutions with low-carbon content; and adopting a purchasing policy that includes criteria for the carbon content of products and construction materials (requiring environmental and H&S certification – Environmental Product Declarations). In 2019, the Group also developed guidelines on low-carbon interior design to help from the very beginning the interior architect design teams to choose the best material options for interior design of shopping centres based on their carbon performance and therefore also promoting reuse. The Group’s priority is to work towards reducing the carbon impact of the most significant items, beginning with the structure and foundations of the building. The Group studies the use of low-carbon concrete for all its development projects and the use of materials or use of materials with recycled content when possible.