IBERSOL | Integrated Management Report - 2024

INTEGRATED MANAGEMENT REPORT 2024 company and the sector in which it operates significantly harms the size of species populations or harms species at risk of extinction, or impacts or depends on any particular natural ecosystem. The table above shows that there were 27 subtopics with impact materiality and 10 subtopics with financial materiality, corresponding to 73 per cent and 27 per cent of the total subtopics, respectively. The high incidence of impact materiality led to a high incidence of overall materiality, also expressed by 27 material subtopics, corresponding to 73 per cent of the total. Below is a set of considerations regarding the IRO assessment process for each of the environmental thematic topics. Double Materiality Analysis for topic E1 - Climate Change [DR ESRS E1.IRO-1] To assess the impact on climate change, the Sustainability team calculated the Group’s carbon footprint in accordance with the Greenhouse Gas Protocol (GHP) guidelines. In particular, to determine the sources of greenhouse gases (GHG) in its own operations and in the value chain, the list of activities that from a conceptual point of view are included in each scope of emissions analysis (scopes 1, 2 and 3) was followed. When assessing climate risks, the guidelines of the Task Force on Climate-related Financial Disclosures (TCFD) were taken into account, and in particular the concepts of physical risks and transition risks and opportunities were followed. To assess physical climate risks, the classification of negative physical climate events in the European Commission’s Delegated Regulation 2021/2139 was taken into account. For the analysis of transitional climate risks and opportunities, reference was made to the examples of climate transition events from the TCFD, also summarised in AR 12 of ESRS E1. 135