IBERSOL | Annual Report 2021

ANNUAL REPORT 2021 areas of the Group, which attests to the commitment of the entire struc- ture to reinforce its environmental performance in managing the impact of its activities, namely by optimizing the use of natural resources, pro- tecting the environment and reducing the ecological footprint Legal Ibersol and its subsidiaries have a Management and legal advisory func- tion in permanent coordination with the other central and business func- tions, in order to preventively ensure the protection of the Group’s in- terests and the fulfillment of the legal duties and obligations within the scope of the corporate activity. Legal advice is also guaranteed, at national and international level, by external professionals of recognized competence. Sectoral The evolution of private consumption influences the sales of restaurants. The company adopted strict cost control with a monthly monitoring of market developments and the consequent review of the planning of re- sources to be used, in order to lessen the impact of eventual fluctuations in consumption. On the other hand, operating in the food industry, possible epidemics or distortions in the supply markets, changes in mobility and consumption patterns can have important impacts on contractual compliance and financial statements. 54. Description of the identification, assessment, monitoring, control and risk management process. As a structured approach, Risk Management is integrated throughout the Group’s planning process. Its purpose is to identify, evaluate and manage the opportunities and threats that Ibersol’s businesses face in pursuit of their value creation goals. In the context of strategic planning, the risks of the business portfolio, as well the risks of development of new businesses and the implementation of the most important projects are identified and assessed, and strate- gies to manage those risks are defined. At operational level, the risks of each business are identified and as- sessed and actions are planned to manage those risks. These actions are included and monitored within the scope of business plans and func- tional units. 273