IBERSOL • 2023 Integrated Management Report

STRATEGIC FRAMEWORK is increasing the risks of the spread of fake news and disinformation. This circumstance is difficult to control and has quickly risen to the top of the concerns of major public, private and non-governmental organisations. Finally, the Ibersol Group is in constant articulation with the interna- tional brands it represents, to develop technological solutions for busi- ness support, thereby independently ensuring that it closely follows developments that can contribute to the optimisation of business management and innovative interaction and product and services de- livery methods, as well as making the Group’s technological ecosys- tem more resilient. Geopolitical Context The current geopolitical global context is unpredictable, due to a number of historical circumstances and recent social, cultural, and political events, along with climate change and other natural disasters, that create situations of heightened uncertainty and market volatility. In addition to the war in Ukraine and the conflict in the Gaza Strip and neighbouring territories, the effects of which on the global economy (shortages of goods and energy, logistical disruptions, rising inflation) and on society have been significant and may yet worsen, other areas of conflict could still emerge and make the whole global context more complex in the medium and long term, namely the dispute over the territory of Taiwan by China. As in Ukraine, the potential direct involvement in armed conflicts of states with nuclear military capability always represents an existential risk for the planet and for humanity. However, and on the desirable and probable assumption that such existential limits are not exceeded, the effects on the global economy of the involvement of economic and military superpowers are potentially devastating, and can have long- lasting and extremely adverse impacts on operations and business profitability. 76