The Environment

With regards to environmental matters, the Group’s strategy starts with being actively aware of the impact that the Company’s activities have on its surroundings. Falabella’s businesses units have implemented diverse initiatives, such as measuring the operation’s Carbon Footprint in order to control and reduce direct and indirect emissions; constructing stores and buildings with ecologically friendly systems through LEED certification; and fostering recycling initiatives and recycling locations.

The Falabella Group is a member of the World Green Building Council, a nonprofit organization which aims to promote and encourage sustainable construction and development; the technological innovation and certification of sustainable buildings; the efficient use of energy and the use of renewable energies; the efficient use of water; the use of renewable, recyclable and non-toxic materials in construction; and the improvement of the quality of life and health of people and communities.

The metrics that the Company uses to manage its environmental impact are focused on the development of ecologically-friendly buildings and on increasing energy efficiency in order to decrease the use of electricity.

• As of December 2014, the Group had one LEED pre-certified Shopping Center, Mall Plaza Egaña, with a Gold rating. Also, Mall Plaza Copiapó, inaugurated in 2014, is in the process of certification, with a Silver rating. Additionally, 19 of the Group’s shopping centers have eco-friendly features11.
• By the end of the year, the Group had 18 LEED-certified stores and 30 eco-friendly stores, which reduce energy consumption, on average, by 20% to 25%.
• The Group’s energy consumption in 2014 was of 185 KwH/m2 12 , a 13% reduction with regards to the prior year.