'(1) Scope 1 and Scope 2 as well as related Scope 3 gross emission reduction targets (-50% by 2030) have been confirmed by SBTi in 2023

'(2) Scope 3 related to portfolio usage gross emission reduction targets (-55% by 2030) are confirmed by SBTi in 2023. Methodology for reporting Category 13 emissions changed in 2022 (base year 2020 to be adjusted)

'(3) Scope 3 emissions related to Group development activities. Currently being analysed for relevant CO2 reduction potential/target

'(4) Carbon emission reductions enabled in the broader economy through grid-injection of renewable energy (as opposed to energy consumption)

*Considerations for the evaluation of the scope 1 emissions: Part of the Scope 1 emissions are fuels used for heating. For Austria, Hungary, Latvia, The Netherlands, Serbia and France the fuel use has been based on extrapolation. Explain how the extrapolation was made The extrapolations were made by making an average between Belgium's and Luxembourg's VGP office surface and natural gas consumption. Part of the Scope 1 emissions are the emissions of company cars. To calculate the emissions from company cars the KM's driven (estimates derived from lease contracts or employee statements) and the used Liters of fuel consumed were used. Extrapolations have been made to come to the fuel use of Rome (Italy), Slovakia, Serbia and France. The extrapolation was made by multiplying an average of other sites that have evidence, and the number of employees of the respective site.

** Considerations for the evaluation of the scope 2 emissions: Part of the Scope 2 emissions is the energy consumption of offices - for the calculation of the total, extrapolations were made for the offices in Rome (Italy), Austria, Hungary, Latvia, The Netherlands, Madrid (Spain), Serbia and France. The extrapolation was made based on surface area of the offices multiplied by an average that was calculated based on all the other offices that have evidence for their consumption. Part of the Scope 2 emissions is the electricity used for electric vehicles - the data for Serbia and France in the calculation of the total have been based on extrapolation. The extrapolation was based on multiplying an average of other sites that do report values backed by evidence and the number of employees for Serbia and France. For the calculation of the Austrian market based emissions a production mix was used instead of the residual mix (recommended by the GHG Protocol). The difference observed in market based and location based emissions scope 2 from 2020 to 2021 is related to a change in the methodology of calculation for emissions in 2021 (updated factors of emissions).

*** The CO₂ performance of the portfolio in use (Category 13: downstream leased assets) has been updated from previously reported due to
improved gross-up calculation (taking into account tenant industry segment)

As part of its ESG strategy, the Group commits to cutting carbon emissions across its value chain between 2020 and 2030. This commitment includes, in addition to its Scopes 1 and 2 emissions, the Group’s Scope 3 emissions:

• Our own operating carbon emissions cover our own operations under Scope 1 and 2 and our own emissions under Scope 3
• Within our agreed Science Base Targets, we are committed to reducing the absolute carbon emissions of our own operations by 50% by 2030 (compared to a 2020 baseline of 946 tCO2e), in line with a 1.5°C scenario
• Carbon emissions from our portfolio includes the carbon emissions generated from heating and cooling of warehouses and offices, energy consumed for tenants’ business operations and electricity consumed for EV charging at our park locations
• Within our agreed Science Base Targets, we are committed to reducing the absolute carbon emissions of our portfolio by 55% by 2030 (compared to a 2020 baseline of 67,456 tCO2), in line with a 1.5°C
• By 2025 we aim to bring the portfolio in compliance on a Paris-aligned 1.5°C pathway until 2050 based on the CRREM-tool, taking into account contracted photovoltaic pipeline projects
• Within our submitted Science Base Targets, we are committed to reduce the absolute embodied carbon of new developments by 20% by 2030, against a 2020 baseline based on a strategy to reduce carbon intensity per m² delivered

(1) Waste emissions for FY2021 are mainly calculated based on an extrapolation of data from offices with known data

(2) Total waste emissions are 2 tCO2e, or 0,1% of total emissions. 56% of waste emissions result from residual waste, paper waste caused 35% of waste emissions and 64% of waste generation 

In 2021, water consumption at owned and managed warehouses increased by 15% compared with 2020 on an absolute and 4.4% a like-for-like basis. This evolution is most likely mainly due to the activity recovery following the impact of the COVID-19 health crisis on 2020 consumption due to business activity closures. The average water consumption in our buildings is 0.107 m³/m² but this is mainly concentrated in a number of semi-industrial and retail related warehouses (top 10 accounting for 40% of total), median water usage across all warehouse space was 0.060 m³/m² gross lettable area. Total reported water consumption in 2021 was 222,856 m³.