IBERSOL | Integrated Management Report 2022

The Ibersol Group’s formal approach toSustainabilitybegan several years ago through the systematisation of a series of social and environmental initiatives that are directly linked to the business and operations and not merely philanthropic in nature. The creation of an internal structure dedicated to training and develop- ing people (Ibersol Academy), the implementation of an environmental management system, the development of projects and tools to pro- mote savings and operational efficiency, or the active participation in business forums in the sector are just some examples of how the Ibersol Group has approached Sustainability by involving its internal and exter- nal stakeholders. Additionally, the Ibersol Group published its first Sus- tainability Report in 2007, which reveals a long-standing concern with sharing ESG information with its stakeholders and society in general. On the other hand, it is clear that we are all living through a challenging moment in history, in which we see an accelerated growth of demog- raphy and the world economy, while a series of natural and non-natu- ral systemic phenomena emerge, increasing the risks of financial crisis, public health, physical safety and food security, among others. This scenario calls for firmaction by States, organisations, and individuals themselves. Through its Sustainability Strategy, the Ibersol Group intends to make firm commitments to minimise its negative impacts and, above all, to make a positive contribution to solve some of the biggest challenges faced by Humanity and the Planet today, not only within its institutional boundaries, but also through direct action and influence within the value chain in which it operates. Given the described context, the defined vectors and the results of the double materiality analysis, several initiatives and projects were defined, with expected relevant effects on the environmental, social and governance performance, to be included in the Group’s strategic plans Sustainability strategy STRATEGIC FRAMEWORK 58