GREAT MOMENTS FOR EVERYONE, EVERYDAY PROPERTIES 2013 SUSTAINABILITY REPORT DATA PACK.

Transcription

1 GREAT MOMENTS FOR EVERYONE, EVERYDAY PROPERTIES 2013 SUSTAINABILITY REPORT DATA PACK

2 INTRODUCTION This report provides data on the performance of Majid Al Futtaim Properties. It fulfils our aspiration to Lead by Example through increasing the transparency of our reporting. To achieve this aspiration, we report on data that is material to our operations and Sustainability Policy using consistent methodologies and, where relevant, declaring all assumptions, estimation, conversions, restatements and exclusions. This report supplements the key performance indicators and progress declared against long term targets disclosed in our 2013 Sustainability Report Transforming Tomorrow. For focus areas other than Resource Efficiency, a selection of key performance indicators is provided and we expect to report against all targets in the future. ALL REPORTING Reporting Period All data in this report covers our latest reporting year, which is the 2013 calendar year, and our two previous reporting years (2012 and 2011). Restatements Restatements have been made where data quality has improved and because new emission factors have been used in 2013 to calculate our carbon emissions (See Emission and conversion factors for more detail). Estimation No significant estimation has been made. RESOURCE EFFICIENCY REPORTING Best Practice This report is aligned with the European Real Estate Association (EPRA) Sustainability Best Practice Reporting Guidelines and the evolving requirements of the Global Real Estate Sustainability Benchmark (GRESB). Scope The absolute environmental data in this report covers 95% of the floor area of the assets over which we have operational control. Floor area is measured by Net Lettable Area for the majority of assets, but by Gross Internal Area for the Hotels portfolio because the majority of space is used by guests in this asset type. We report on electricity use in our assets, which also includes the majority of tenant electricity consumption as we purchase electricity on our tenants behalf and recharge them. We purchase a small amount of gas in our hotel assets for cooking purposes. However, the amount is converted to an equivalent electricity consumption using the Avireal methodology for reporting on energy consumption at hotels. We report on our material carbon emissions in line with the Greenhouse Gas Protocol Scope 1, 2 & 3 categories, excluding business travel and emissions from our construction sites which we hope to report on in the future.

3 INTRODUCTION continued Boundaries We report on properties where Majid Al Futtaim Properties has operational control. This means that we only report on properties where we have some form of management control, such as property management, and excludes properties where we have a financial investment but no managerial control. This means that we report on the properties where we are directly responsible for their impacts and performance. The report covers the following countries where we have operational assets: United Arab Emirates, Bahrain, Oman, Egypt and Lebanon. Exclusions The following specific exclusions apply: Kempinski Grand Bahrain City Centre and Kempinski Ixir Bahrain City Centre are not included because they were redeveloped during 2013 and data was not available for this period. The only office reported on is MAF Tower II because this is the only building here we have full data as we also occupy this building. All other offices are leased to tenants and we are not yet in a position to report on these buildings but hope to be able to do so in the future. Our community developments are excluded because they are either still in development (Al Zahia and Lebanon front City) or because we do not have operational control (The Wave). Emission and conversion factors Emissions factors for all reporting years have been updated this year to align with the DECC/DEFRA UK Government conversion factors for Company Reporting ( except for Hotels where data is provided using the Avireal calculation methodology which uses conversion factors from EcoInvent. The DEFRA factors have been selected as they are considered to be the most accurate and regularly updated source of conversion factors available. The emission factors used are declared at the bottom of each table. Where other conversions are made, they are made using internationally agreed factors. Data collection At the majority of buildings, meter readings are taken automatically through the Building Management System ( BMS ) and manual reads are also taken to verify automatic readings or close any gaps. Data is checked and verified at the building level by our Asset Managers and Facilities Managers (Dalkia) and at the portfolio level by Majid Al Futtaim Properties staff and our sustainability advisors, JLL.

4 RESOURCE EFFICIENCY SUMMARY OUR PORTFOLIO DATA SUMMARY ASSETS YEAR SHOPPING CENTRES MoE Y Y Y Deira Y Y Y Mirdif Y Y Y Bahrain Y Y Y Sharjah Y Y Y Ajman Y Y Y Muscat Y Y Y Qurum Y Y Y Maadi Y Y Y Alexandria Y Y Y Fujairah Y Y Bahrain Y MY CITY CENTRES Al Juraina Y Al Migrab Y Al Quoz Y Al Khan Y Nassiriya OFFICES City Centre Offices N N N Rigga Road N N N MAF Tower I N N N MAF Tower II Y Y Y Kempinski Hotel - Mall of the Emirates Y Y Y Pullman - Deira City Centre Y Y Y Ibis and Suite Novotel - Mall of the Emirates Novotel & Ibis - Deira City Centre Hotel Y Y Y N N Y Novotel & Ibis - Deira City Centre Residence Y Y Y IBIS Rigga Y Y Y Sheraton Mall - of the Emirates Y Y Y Bahrain Kempinski Grand Y N N Bahrain Kempinski Ixir Y N N COMMUNITY DEVELOPMENTS Al Zahia Phase 1 The Wave Lebanon front (EPRA 3.1) Fuels (EPRA 3.3) INDICATOR GHG Emissions (EPRA 3.5 & 3.6) (EPRA 3.8) Waste (EPRA 3.10) Recycled (EPRA 3.11) ENERGY & CARBON WASTE ABSOLUTE LIKE-FOR-LIKE Total MAFP-obtained 759,979,274 kwh 658,304,942 kwh of which exclusive tenant consumption Total MAFP-obtained of which exclusive tenant consumption Total Tenant - obtained SCOPE 1 0 tonnes C0 2e 0 tonnes C0 2e SCOPE 2 SCOPE 3 WATER 279,093 tonnes C0 2e 306,355 tonnes C02e 242,483 tonnes C0 2e 264,705 tonnes C02e Total MAFP-obtained 3,858,927 m 3 3,432,005 m 3 of which exclusive tenant consumption Total Recycled 328,788,565 kwh 291,565,393 kwh Total Tenant - obtained 20,345,696 kwh 20,345,696 kwh Total Waste 859,041 m 3 811,467 m 3 38,150 metric tonnes 5,056 metric tonnes

5 KPIs TENANTS & CUSTOMERS KPI Proportion of all new leases including green clauses Total number of Majid Al Futtaim Properties Green Star Ratings awarded 0 x 1 Star Rating 0 x 2 Star Rating 0 x 3 Star Rating 1 x 4 Star Rating 0 x 5 Star Rating 45% 100% 100% 30 x 1 Star Rating 25 x 2 Star Rating 43 x 3 Star Rating 1 x 4 Star Rating 0 x 5 Star Rating 0 x 1 Star Rating 5 x 2 Star Rating 1 x 3 Star Rating 0 x 4 Star Rating 3 x 5 Star Rating COMMUNITY & ECONOMIC DEVELOPMENT KPI Voluntary community investment including DUCTAC Contributions (cash and in-kind) (AED) 7,609,153 14,419,301 11,774,110 Data qualifying notes: Figures reported for 2011 and 2012 have been updated to include DUCTAC contributions. In previous sustainability reports, these have been reported as AED 6,340,153 (6.34 million) for 2011 and AED 13,319,301 (13.3 million) for PR Value generated through community initiatives (AED) (also known as advertising equivalency rate) 8,688,413 14,758,265 25,182,302 Total number of internships provided (by country) Total number of job shadowing opportunities provided (by country) UAE (8) Bahrain (7) Oman (5) Egypt (4) Lebanon (5) Total (29) UAE (11) Bahrain (8) Oman (5) Egypt (5) Lebanon (8) Total (37) UAE (40) Egypt (5) Lebanon (4) Total (49) LABOUR CONDITIONS & THE SUPPLY CHAIN KPI Accident Frequency Rate UAE & Oman Accident Frequency Rate Other Fatalities Total hours worked on construction sites 9,538,663 6,883,506 11,731,744 Total number of contractor employees living in labour Not recorded 1,044 3,177 accommodation EMPLOYEES KPI Total number of employees who have received sustainability training in calendar year Total number of employees participating in volunteering days 346

6 ABSOLUTE ENERGY & WATER CONSUMPTION* UAE BAHRAIN EGYPT OMAN LEBANON TOTAL % change 2011 to % change 2012 to MALLS SKI DUBAI Absolute Energy and water consumption by property type and region as the portfolio stood in each year (kwh for energies, m 3 for water) : EPRA 3.1, 3.5, 3.6 & ,874, ,666, ,699,709 21,345,524 22,038,612 21,304,949 56,226,282 57,701,411 55,852,564 Total MAFP-obtained 437,255, ,271, ,437,334 n/a n/a 36,517, ,702, ,678, ,812,365 4% 4% of which exclusive tenant consumption 218,463, ,923, ,575,031 49,853,733 49,409,023 50,116,019 n/a n/a n/a 29,399,195 30,876,586 29,656,095 n/a n/a 10,873, ,716, ,209, ,220,954 1% 1% Total Tenant - obtained n/a n/a n/a n/a n/a n/a 17,598,529 21,360,503 20,345,696 n/a n/a n/a n/a n/a n/a 17,598,529 21,360,503 20,345,696 16% -5% Total MAFP-obtained 15,799,688 15,990,432 15,745,248 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 15,799,688 15,990,432 15,745,248 0% -2% of which exclusive tenant consumption 15,799,688 15,990,432 15,745,248 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 15,799,688 15,990,432 15,745,248 0% -2% MY CITY CENTRES Total MAFP-obtained n/a n/a 26,659,519 n/a n/a 3,335,537 n/a n/a n/a n/a n/a n/a n/a n/a n/a ,995,056 n/a n/a of which exclusive tenant consumption n/a n/a 11,729,326 n/a n/a 1,093,037 n/a n/a n/a n/a n/a n/a n/a n/a n/a ,822,363 n/a n/a Total MAFP-obtained 63,670,260 54,509,787 61,131,168 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 63,670,260 54,509,787 61,131,168-4% 12% of which exclusive tenant consumption n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a OFFICES** GRAND TOTAL Total MAFP-obtained 3,561,987 3,211,429 3,295,437 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 3,561,987 3,211,429 3,295,437-7% 3% of which exclusive tenant consumption n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a Total MAFP-obtained 520,287, ,983, ,268, ,874, ,666, ,035,246 21,345,524 22,038,612 21,304,949 56,226,282 57,701,411 55,852, ,517, ,734, ,390, ,979,274 8% 9% of which exclusive tenant consumption 234,263, ,914, ,049,605 49,853,733 49,409,023 51,209,056 N/R N/R N/R 29,399,195 30,876,586 29,656, ,873, ,516, ,199, ,788,565 5% 5% Total Tenant - obtained n/a n/a n/a n/a n/a n/a 17,598,529 21,360,503 20,345,696 n/a n/a n/a n/a n/a n/a 17,598,529 21,360,503 20,345,696 16% -5% Coverage of applicable by of properties 14 of of of 21 1 of 3 1 of 3 2 of 4 2 of 2 2 of 2 2 of 2 2 of 2 2 of 2 2 of 2 0 of 0 0 of 0 1 of 1 19 of of of 30 n/a n/a GRAND TOTAL Fuels Fuels Total MAFP-obtained n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a of which exclusive tenant consumption n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a Total MAFP-obtained n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a of which exclusive tenant consumption n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a Total Tenant - obtained n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a Coverage of applicable by of properties n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a GREENHOUSE GAS EMISSIONS Scope 1 (tonnes CO2e/year) Scope 2 (tonnes CO2e/year) Scope 3 (tonnes CO2e/year) #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! n/a n/a 192, , ,414 39,071 39,389 38,988 9,814 10,260 9,584 18,065 18,454 17, , , , ,093 n/a n/a 212, , ,274 44,891 45,426 45,983 10,353 12,465 11,491 25,698 27,427 25, , , , ,355 4% 2% SKI MALL DUBAI S Total MAFP-obtained 1,953,979 2,030,529 2,046, , , , , , , , , ,017 n/a n/a 88,206 3,241,281 3,305,922 3,290,326 2% 0% of which exclusive tenant consumption 516, , , , , ,711 86,484 96,771 95,002 47,273 48,098 48,247 n/a n/a 29, , , ,041 7% 6% Total MAFP-obtained 59,494 76,143 69,572 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 59,494 76,143 69,572 17% -9% of which exclusive tenant consumption 59,494 76,143 69,572 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 59,494 76,143 69,572 17% -9% MY CITY CENTRES Total MAFP-obtained n/a n/a 57,035 n/a n/a 1,435 n/a n/a n/a n/a n/a n/a n/a n/a n/a ,470 n/a n/a of which exclusive tenant consumption n/a n/a 22,279 n/a n/a 0 n/a n/a n/a n/a n/a n/a n/a n/a n/a ,279 n/a n/a GRAND TOTAL OFFICES** Total MAFP-obtained 429, , ,685 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 429, , ,685 2% 15% of which exclusive tenant consumption n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a Total MAFP-obtained 1, n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1, % -2% of which exclusive tenant consumption n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a Total MAFP-obtained 2,443,988 2,490,466 2,613, , , , , , , , , , ,206 3,731,291 3,765,858 3,858,927 3% 2% of which exclusive tenant consumption 516, , , , , ,711 86,484 96,771 95,002 47,273 48,098 48, , , , ,041 7% 6% Coverage of applicable by of properties 14 of of of 21 1 of 3 1 of 3 2 of 4 2 of 2 2 of 2 2 of 2 2 of 2 2 of 2 2 of 2 0 of 0 0 of 0 1 of 1 19 of of of 30 n/a n/a Data Qualification Notes: 'Exclusive tenant consumption' is on a sub-metered and/or metered basis only. Tenants' consumption for Egypt (Maadi and Alexandria Malls) are Tenant obtained hotel energy and water consumption does not include Dubai City Centre Hotel due to development works. All the hotels we report on are based in the UAE. Kempinski Grand Bahrain City Centre and Kempinski Ixir Bahrain City Centre are not included. The only office reported on is MAFP's Head Office at MAFT2 MAF's completed Community Development (Al Zahia Phase 1 and The Wave) properties are not included as data is not yet available. Emissions factors for all reporting years have been updated for this year's report due to the availability of a more accurate and consistent data source (i.e. DEFRA emissions factors) 2013 ELECTRICITY EMISSIONS FACTORS - Scope 2 (kgco2e / kwh) 2013 ELECTRICITY EMISSIONS FACTORS - Scope 3 (kgco2e / kwh) 2013 GAS EMISSIONS FACTOR - scope 1 (kgco2e / kwh) UAE Bahrain Egypt Oman Beirut UAE Bahrain Egypt Oman 2011 ELECTRICITY EMISSIONS UAE Bahrain Egypt Oman 2012 ELECTRICITY EMISSIONS FACTORS - FACTORS - Scope 2 (kgco2e / Scope 2 (kgco2e / kwh) kwh) ELECTRICITY EMISSIONS 2012 ELECTRICITY EMISSIONS FACTORS FACTORS - Scope 3 (kgco2e / Scope 3 (kgco2e / kwh) kwh) 2012 GAS EMISSIONS FACTOR - scope GAS EMISSIONS FACTOR (kgco2e / kwh) scope 1 (kgco2e / kwh) * by property type and region + emissions ** Majid Al Futtaim Properties Headquarters N/R = not reported 2013 Sustainability Report Data Pack

7 LIKE-FOR-LIKE ENERGY & WATER CONSUMPTION* UAE BAHRAIN EGYPT OMAN LEBANON TOTAL % change 2012 to on on on on on Like-for-Like Energy and consumption by property type and region (kwh for energies, m 3 for water) : EPRA 4.4 Total MAFP-obtained 420,412, ,194,334-4% 106,666, ,699,709-1% 22,038,612 21,304,949-3% 57,701,411 55,852,564-3% n/a n/a n/a 606,819, ,051,556-3% MY CITY SKI CENTRES DUBAI MALLS of which exclusive tenant consumption 208,018, ,048,031-6% 49,409,023 50,116,019 1% n/a n/a n/a 30,876,586 29,656,095-4% n/a n/a n/a 288,304, ,820,145-4% Total Tenant - obtained n/a n/a n/a n/a n/a n/a 21,360,503 20,345,696 n/a n/a n/a n/a n/a n/a n/a 21,360,503 20,345,696-5% Total MAFP-obtained 15,990,432 15,745,248-2% n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 15,990,432 15,745,248-2% of which exclusive tenant consumption 15,990,432 15,745,248-2% n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a Total MAFP-obtained n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 0 0 n/a of which exclusive tenant consumption n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a Total MAFP-obtained 54,509,787 51,212,701-6% n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 54,509,787 51,212,701-6% of which exclusive tenant consumption n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a OFFICES** Total MAFP-obtained 3,211,429 3,295,437 3% n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 3,211,429 3,295,437 3% of which exclusive tenant consumption 0 0 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a Total MAFP-obtained 494,124, ,447,720-4% 106,666, ,699,709-1% 22,038,612 21,304,949-3% 57,701,411 55,852,564-3% n/a n/a n/a 680,531, ,304,942-3% GREENHOUSE GAS EMISSIONS GRAND TOTAL GRAND TOTAL of which exclusive tenant consumption 224,009, ,793,279-5% 49,409,023 50,116,019 1% 0 0 n/a 30,876,586 29,656,095-4% n/a n/a n/a 304,294, ,565,393-4% Total Tenant - obtained n/a n/a n/a n/a n/a n/a 21,360,503 20,345,696-5% n/a n/a n/a n/a n/a n/a 21,360,503 20,345,696-5% Coverage of applicable by of properties 13 of of 17 n/a 1 of 3 1 of 3 n/a 2 of 2 2 of 2 n/a 2 of 2 2 of 2 n/a 0 of 0 0 of 1 n/a 18 of of 25 n/a Total MAFP-obtained n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 0 0 n/a Fuels of which exclusive tenant consumption n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a Total MAFP-obtained n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 0 0 n/a Fuels of which exclusive tenant consumption n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 0 0 n/a Coverage of applicable by of properties 0 of 0 0 of 0 n/a 0 of 0 0 of 0 n/a 0 of 0 0 of 0 n/a 0 of 0 0 of 0 n/a n/a n/a n/a n/a n/a n/a Scope 1 (tonnes CO2e/year) n/a 0 0 n/a 0 0 n/a 0 0 n/a n/a n/a n/a n/a #VALUE! #VALUE! #VALUE! #VALUE! Scope 2 (tonnes CO2e/year) 185, ,761-4% 39,389 37,476-5% 10,260 9,584-7% 18,454 17,662-4% n/a n/a n/a 253, ,483-5% Scope 3 (tonnes CO2e/year) 207, ,751-7% 45,426 44,895-1% 1,280 1,196-7% 27,427 25,863-6% n/a n/a n/a 281, ,705-6% MALLS Total MAFP-obtained 1,906,231 1,922,625 1% 473, ,841 3% 554, ,969-23% 247, ,017-2% n/a n/a n/a 3,181,624 3,078,451-3% of which exclusive tenant consumption 489, ,508 2% 162, ,711 4% 96,771 95,002-2% 48,098 48,247 0% n/a n/a n/a 796, ,467 2% SKI DUBAI Total MAFP-obtained 76,143 69,572-9% n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 76,143 69,572-9% of which exclusive tenant consumption 76,143 69,572-9% n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 76,143 69,572-9% MY CITY CENTRES Total MAFP-obtained n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 0 0 n/a of which exclusive tenant consumption n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 0 0 n/a Total MAFP-obtained 382, ,680-8% n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 382, ,680-8% of which exclusive tenant consumption n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 0 0 n/a OFFICES** Total MAFP-obtained % n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a % of which exclusive tenant consumption 0 0 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 0 0 n/a GRAND TOTAL Total MAFP-obtained 2,290,025 2,276,179-1% 473, ,841 3% 554, ,969-23% 247, ,017-2% n/a n/a n/a 3,565,417 3,432,005-4% of which exclusive tenant consumption 489, ,508 2% 162, ,711 4% 96,771 95,002-2% 48,098 48,247 0% n/a n/a n/a 796, ,467 2% Coverage of applicable by of properties 13 of of 17 n/a 1 of 3 1 of 3 n/a 2 of 2 2 of 2 n/a 2 of 2 2 of 2 n/a 0 of 0 0 of 1 n/a 18 of of 25 n/a Data Qualification Notes: Fujairah Mall opened in Mall of the Emirates extension opened in September Deira City Centre extension opened in December Reporting of My City Centre assets began in 2013 therefore 2 years data is not available for L-f-L analysis. Office data includes Majid Al Futtaim Tower 2 but does not include MAF Tower 1, Rigga Road and City Centre offices as data is not yet available. Dubai City Centre Hotel was under renovation during 2011 and 2012 so was not included. All the hotels we report on are based in UAE. Kempinski Grand Bahrain City Centre and Kempinski Ixir Bahrain City Centre are not yet included. The only office reported on is MAFP's Head Office at MAFT Tenant-obtained consumptions are not included in like-for-like data. Emissions factors for all reporting years have been updated for this year's report due to the availability of a more accurate and consistent data source (i.e. DEFRA emissions factors) 2013 ELECTRICITY EMISSIONS FACTORS - Scope ELECTRICITY EMISSIONS FACTORS - Scope GAS EMISSIONS FACTOR - scope 1 UAE Bahrain Egypt Oman Beirut 2012 ELECTRICITY EMISSIONS FACTORS - UAE Bahrain Egypt Oman Scope ELECTRICITY EMISSIONS FACTORS Scope GAS EMISSIONS FACTOR - scope * by property type and region + emissions ** Majid Al Futtaim Properties Headquarters N/R = not reported

8 ENERGY & WATER INTENSITY* UAE BAHRAIN EGYPT OMAN LEBANON TOTAL Denominators for % change % change Normalisation 2011 to to 2013 Energy and water Intensity by property type and region as the portfolio stood in each year : EPRA 3.4 & 3.9 MY CITY MALLS OFFICES** CENTRES MALLS MY CITY CENTRES OFFICES* * Energy Total MAFP-obtained for shared services (kwh / m 2 / year) Total MAFP-obtained for shared services (kwh / m 2 / year) Total MAFP-obtained (kwh / m 2 / year) Total MAFP-obtained (kwh / Guest night) Total MAFP-obtained for shared services (litres / visit) Total MAFP-obtained for shared services (litres / visit) Total MAFP-obtained (litres / worker / year) Total MAFP-obtained (litres/guest night) Common parts areas 1,271 1,226 1, ,197 1,197 1,169 n/a n/a n/a 1,059 1,033 1,021-4% -1.2% of properties 5 of 5 5 of 6 6 of 6 1 of 1 1 of 1 1 of 1 2 of 2 2 of 2 2 of 2 2 of 2 2 of 2 2 of 2 0 of 0 0 of 0 0 of 1 10 of of of 12 n/a n/a Common parts areas n/a n/a 2,694 n/a n/a 2,623 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 2,685 n/a n/a of properties n/a n/a 3 of 3 n/a n/a 1 of 1 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 4 of 4 n/a n/a Floor area n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a % 2.6% of properties 1 of 4 1 of 4 1 of 4 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1 of 4 1 of 4 1 of 4 n/a n/a Guest nights n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a % 1.2% of properties 6 of 7 6 of 7 7 of 7 0 of 2 0 of 2 0 of 2 n/a n/a n/a n/a n/a n/a n/a n/a n/a 6 of 9 6 of 9 7 of 9 n/a n/a of visits n/a n/a n/a % -5.4% of properties 5 of 5 5 of 6 6 of 6 1 of 1 1 of 1 1 of 1 2 of 2 2 of 2 2 of 2 2 of 2 2 of 2 2 of 2 0 of 0 0 of 0 0 of 1 10 of of of 12 n/a n/a of visits n/a n/a 6 n/a n/a 2 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 6 n/a n/a of properties n/a n/a 3 of 3 n/a n/a 1 of 1 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 4 of 4 n/a n/a of workers 3,901 2,629 2,071 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 3,901 2,629 2,071-47% -21% of properties 1 of 4 1 of 4 1 of 4 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1 of 4 1 of 4 1 of 4 n/a n/a Guest nights n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a % 3.6% of properties 6 of 7 6 of 7 7 of 7 0 of 2 0 of 2 0 of 2 0 of 0 0 of 0 0 of 0 0 of 0 0 of 0 0 of 0 n/a n/a n/a 6 of 9 6 of 9 7 of 9 n/a n/a Data Qualification Notes: 'Exclusive tenant consumption' is on a sub-metered and/or metered basis only. Number of employees working in MAF Tower II: 314 employees in 2011, 340 employees in 2012, 422 employees in 2013 "Applicable properties" does not include properties that were not in full operation during the relevant year (e.g. Bahrain Mall opened during 2013, Dubai City Centre Hotel under renovation in 2011 and 2012, Kempinski Grand Bahrain City Centre opened in 2012, Fujairah City Centre opened in 2012, Mirdif City Centre opened during 2010, Ibis Rigga and Sheraton Mall of the Emirates opened in 2011). All the hotels we report on are based in UAE. Kempinski Grand Bahrain City Centre and Kempinski Ixir Bahrain City Centre are not included. Our two furnished hotel apartment properties are not reported on. The only office reported on is Majid Al Futtaim Properties' Head Office at MAF Tower II Progress towards hotel energy and water intensity targets is calculated using the Avireal Genuine Performance benchmark, an advanced intensity calculation that takes into account a variety of factors including guest nights, food and beverage covers and degree days. We report here a simpler intensity metric for greater comparability with other company portfolios. The EPRA energy intensity performance figures differ from Majid Al Futtaim Properties's energy performance target as that indicator is a like-for-like target based on a 2010 baseline whereas the EPRA indicator includes new properties from the first full year they are present in the portfolio. Emissions factors for all reporting years have been updated for this year's report due to the availability of a more accurate and consistent data source (i.e. DEFRA emissions factors) * by property type and region ** Majid Al Futtaim Properties Headquarters N/R = not reported

9 ABSOLUTE WASTE FOOTPRINT* UAE Bahrain Egypt Oman LEBANON TOTAL Waste by disposal route by property type and region (in tonnes and as % of total) : EPRA 3.10 & 3.11 % change 2012 to 2013 MALLS Total Waste 28,701 24,354 22,750 3,313 4,167 4,906 1,366 1,326 1,090 3,597 4,117 4,309 n/a n/a ,977 33,964 33,681-1% MY CITY CENTRES Total Waste n/a n/a 2,040 n/a n/a 456 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 2,495 n/a Total Waste 2,206 2,593 1,940 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 2,206 2,593 1,940-25% OFFICES** Total Waste n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a % GRAND TOTAL Total Waste 30,933 26,976 26,763 3,313 4,167 5,362 1,366 1,326 1,090 3,597 4,117 4,309 n/a n/a ,209 36,586 38,150 4% MALLS Total Recycled 2,784 2,931 3, n/a n/a 16 3,607 3,777 4,537 20% MY CITY CENTRES Total Recycled n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a Total Recycled n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a % OFFICES** Total Recycled n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a % GRAND TOTAL Total Recycled 2,957 3,212 3, n/a n/a 16 3,780 4,058 5,056 25% MALLS Total Landfill 25,916 21,423 19,379 3,020 3,819 4,537 1,130 1, ,303 3,830 4,034 n/a n/a ,369 30,187 29,144-3% MY CITY CENTRES Total Landfill n/a n/a 2,040 n/a n/a 456 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 2,495 n/a Total Landfill 2,044 2,331 1,445 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 2,044 2,331 1,445-38% OFFICES** Total Landfill n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a % GRAND TOTAL Total Landfill 27,976 23,764 22,874 3,020 3,819 4,993 1,130 1, ,303 3,830 4,034 n/a n/a ,429 32,528 33,095 2% MALLS % of which recycled 10% 12% 14.8% 9% 8% 7.5% 17% 16% 46.4% 8% 7% 6.4% n/a n/a 2.5% 10% 11% 13.5% 21% MY CITY CENTRES % of which recycled n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a % of which recycled 7% 10% 25.53% n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 7% 10% 25.5% 152% OFFICES** % of which recycled 41% 64% 68.00% n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 41% 64% 68.00% 6% GRAND TOTAL % of which recycled 9.56% 11.91% 14.53% 8.84% 8.36% 6.88% 17.30% 15.91% 46.44% 8.16% 6.96% 6.38% n/a n/a 2.54% 9.64% 11.09% 13.25% n/a COVERAGE Coverage by of properties 13 of of of 20 1 of 1 1 of 3 2 of 4 2 of 2 2 of 2 2 of 2 2 of 2 2 of 2 2 of 2 0 of 0 0 of 0 1 of 1 18 of of of 29 n/a Data Qualification Notes: All the hotels we report on are based in UAE. Kempinski Grand Bahrain City Centre and Kempinski Ixir Bahrain City Centre are not yet included. Our two furnished hotel apartment properties are not reported on. We report office data for only our head office in MAF Tower 2. * by property type and region ** Majid Al Futtaim Properties Headquarters N/R = not reported

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