IBERSOL | Integrated Management Report - 2024

INTEGRATED MANAGEMENT REPORT 2024 Risk / Opportunity Score = Magnitude x Likelihood The risks/opportunities considered to be material were those with a score of three or more (corresponding to a proportion of 60 per cent in relation to the maximum possible score of five). In the process of analysing materiality, when assessing sustainability risks and opportunities, the dimensions of the environment and society in a broad sense were assessed, incorporating all dimensions with a financial impact on the company, such as economic, financial, legal, technological and safety factors, so the associated specific risks were considered and given the same importance. The Group’s risk management process includes an overall risk assessment for the Group as a whole and a specific risk analysis for each of the businesses and central shared services functions. These assessments are developed as part of the annual plan, programme and budget work and reviewed on a quarterly basis. The analysis of risks and opportunities developed as part of the double materiality analysis for sustainability reporting will now be integrated into the Group’s risk management process, in its global and specific aspects by relevant management unit. In the double materiality analysis, the impacts were assessed for the organisation and its inherent value chain, and the risks and opportunities for the organisation. In both cases, the organisation corresponds to the Group’s own operations, including all the countries where it operates (Portugal, Spain and Angola) and all the businesses and brands it operates. The mapping of IROs from a sustainability perspective and with the scope given by the ESRS was carried out for the first time for the 2024 financial year. The company plans to carry out a future review of the materiality analysis within a maximum period of five years. 131