IBERSOL | Integrated Management Report 2022

ANNEXES TO THE MANAGEMENT REPORT EU Green Taxonomy Framework The European Union’s (EU) priority objectives are to redirect capital flows towards sustainable investments, to promote the systematic integration of sustainability into risk management and to increase transparency in economic and financial operations through an agreed definition of “green” activities. It is in this context that the “EUGreenTaxonomy”, whichwewill hereafter refer to as Taxonomy, emerged through the publication of Regulation (EU) 2020/852 of the European Parliament and of the Council of 18 June 2020, alongside other relevant initiatives linked to non-financial reporting (CSRD) and sustainable finance reporting (SFDR). Taxonomy is an activity classification system that translates the EU’s climate and environmental objectives into criteria for investment in certain economic activities considered green or environmentally sustainable. This system is applicable to companies subject to the obligation to publish a non-financial statement, as is the case of the Ibersol Group, besides also targeting all financial market players (including unlisted issuer companies) that offer financial products. Under the Taxonomy, for those economic activities considered eligible, all organisations covered are expected to indicate whether, in addition to complying with a set of minimum social safeguards, they make a substantial contribution and/or do not significantly harm each of the following six environmental objectives: 1. Climate change mitigation 2. Climate change adaptation 3. Sustainable use and protection of water and marine resources 4. Transition to a circular economy 5. Pollution prevention and control 6. Protection and restoration biodiversity and ecosystems 238