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Climate change:

risks and opportunities for Atresmedia

Risks

Air contamination

Compliance with Law 34/2007 regarding air quality and protection of the

atmosphere; and Law 2/2002 regarding environmental assessment of the

Community of Madrid.

Other applicable legislation

Atresmedia

is governed by the General Law on Audiovisual Communication. It

is a member of Autocontrol and complies with that established in its Code of

Conduct (Advertising Regulation).

Physical risks

Extreme weather events, mainly floods, fires and storms.

Reputation

Atresmedia

is committed to retaining a positive reputation. However, in the

event of a natural disaster which damages the telecommunications network it

would be difficult to restore the service, with a high impact on its reputation.

Opportunities

Mandatory reporting of emissions

Atresmedia

has extensive experience in managing and reducing its overall

emissions into the atmosphere, so it can implement any changes in the

legislation that governs it.

Variations in the average

temperature

An increase in the average temperature would lead to a reduction in the

consumption of diesel and electricity due to it being warmer in autumn and

winter.

Changes in consumer behaviour

The

Group

is aware of the large number of people influenced by the media,

and considers it an opportunity to encourage consumers to act in an

environmentally friendly way. Specific content is developed for this (responsible

consumption, climate change, etc.).

Reputation

The

Group

's participation in environmental issues leads to

Atresmedia

’s

stakeholders seeing it as a committed, leading organisation in raising

awareness about climate change. This is important as it may translate into an

increase in sales and investment.

Atresmedia is recognised for strengthening its environmental commitment

Atresmedia

has been distinguished in the ‘Best Improver Spain’ category for being

the Spanish company that has improved most in the climate change report "Carbon

Disclosure Project (CDP) 2015", an independent non-profit organisation which has

the largest global database of corporate information on climate change.

As a result, the

Group

holds a leading position in this year's edition due to achieving

a final rating of 93C, which represents an improvement of +35 points compared

to its result in 2014, the best experienced by a Spanish company according to this

specialised index measuring the strategy of large companies in climate change issues.

ATRESMEDIA

| ANNUAL AND CORPORATE RESPONSIBILITY REPORT 2015 |

THE ENVIRONMENT

|

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