IBERSOL | Annual Report 2021

Environmental Performance These activities are covered by section 7 of the Delegated Regulation (EU) 2021/2139 on “Real estate and construction activities”, both for objective “1. Climate change mitigation” and for objective “2. Adaptation to climate change”, unless the immediate goal of the real estate con- struction was not its sale or lease, but its use or exploration. However, considering this real estate becomes the property of the Ibersol Group it is taken for granted that the Group’s responsibility is applicable to the Taxonomy simply because it can be sold at any given moment. A detailed analysis of the aforementioned construction and real es- tate activities, the following sub-activities were identified as eligible for Green CAPEX tracing: • 7.1. Construction of new buildings During the year 2021, the Ibersol Group built 8 new restaurants and entered into 4 lease contracts in new developments in which it en- sured all the final works for the opening of new restaurants; these 12 properties meet the energy requirements of Taxonomy in the “significantly contribute” aspect, having obtained energy certifi- cate A or B. However, the compliance with the “no significant harm” criteria regarding the use of water resources is not fully guaran- teed. Therefore, this specific activity was globally considered “non- aligned” in terms of Green CAPEX. However, in the same context, it was possible to track “aligned” components related to construction waste recovery services, energy design services for buildings and other specific sub-activities described below (7.4. and 7.6.). • 7.2. Renovation of existing buildings During the year 2021, the Ibersol Group carried out refurbishment or upgrading works in 18 restaurants, however, there is no evidence or guarantee that these properties meet the energy requirements of Taxonomy. Therefore, this specific activity was globally consid- ered “non-aligned” in terms of Green CAPEX. Even so, for purposes of Green CAPEX, it was possible to track the “aligned” component related to construction waste recovery services. 158