Annex

Scope of information
The information included in the 2021 Annual Report refers to all the activities carried out by Lar España Real Estate SOCIMI, S.A., and its subsidiaries “the Group”, from January 1, 2021 to December 31 of the same year.

 

The information presented refers to both the most relevant financial and non-financial performance of Lar España’s portfolio. In addition, this report is based on other reports to more specifically communicate certain matters, such as the Group’s Consolidated Annual Accounts for the year ended December 31, 2021, in this case, in order to reinforce the information in the economic field.

​

References and International standards for development

The contents of this report respond to the relevant issues identified by Lar España in 2021 based on the materiality analysis and have been prepared in accordance with the following principles and standards with a focus on transparency and reliability of the information that includes:

​

1. EPRA (European Public Real estate Association): The guidelines established in the most updated version of the document on “Best Practices Recommendations” for companies in the real estate sector published by the Reporting & Accounting Committee; and the EPRA Sustainability guide published in 2017, for the inclusion of non-financial content.
    

2. Global Reporting Initiative (GRI): The GRI Standards guidelines, essential option, and following the criteria and principles for defining the content and quality of the information in the report contemplated in this guide.
    

3. Marco Internacional de Reporting Integrado (IIRC): In its updated version in 2021, with the integration of the strategic approach and future orientation, information connectivity, responsiveness to stakeholders, materiality, conciseness, reliability, exhaustiveness, consistency and comparability.

The presentation of the organization’s performance in 2021 has required the application of the following principles, following the guidelines set by the GRI Standards version, for the preparation of sustainability reports:
 

• Principles to determine the content of the report: participation of interest groups, context of sustainability and exhaustiveness.

• Principles to determine the quality of the report: balance, comparability, precision, periodicity, clarity and reliability.
   

Materiality matrix
The analysis has made it possible to prioritize these 20 issues, giving them a score on a scale of 1 to 10, taking into account the internal and external perspectives. This will allow the company to focus on those issues that are most relevant to Lar España and its stakeholders: