IBERSOL | Integrated Management Report 2022

STRATEGIC FRAMEWORK Finally, the Ibersol Group maintains permanent articulation with the in- ternational brands it represents with regard to technological solutions to support the business, also ensuring, autonomously, close monitor- ing of technological developments that may contribute to optimising business management and innovate in the methods of interaction and delivery of products and services, but also to make the Group’s tech- nological ecosystem more resilient. Global Context Risks The world geopolitical context is today unpredictable, because of a se- ries of historical circumstances and recent social, cultural, political, and military phenomena which, together with climate change and other natural disasters, give rise to situations of high uncertainty and volatil- ity in the markets. In addition to the war in Ukraine, whose effects on the global economy (shortage of goods and energy, increased inflation) and on society have been significant and may yet worsen, there are other sources of conflict that could emerge and complexify the entire global context in the medium and long term, namely the political crisis in Israel and the dispute over the territory of Taiwan by China. As in Ukraine, the potential direct involvement of states with nuclear military capability in armed conflicts always represents an existential risk for the Planet and for Humanity. However, and assuming the desir- able and likely assumption that such existential limits are not exceed- ed, the effects on the global economy of the involvement of economic and military superpowers are potentially devastating and may result in long-lasting and extremely adverse impacts on operations and busi- ness profitability. 80