IBERSOL | Integrated Management Report - 2024

NON-FINANCIAL STATEMENT Physical climate events and transition events were considered for the short, medium and long term and the assets and business activities with exposure to these events were assessed, taking into account the probability, magnitude and duration of the events and also the geolocalisation of the assets and activities for exposure to physical events. As with the other topics, the analysis of climate risks and opportunities was carried out for own operations and for the upstream and downstream value chain and for the short, medium and long term. In order to assess climate risks in the medium and long term, and taking 2030 as a benchmark, an analysis of climate scenarios was considered, as described in the table below. Analysing Climate Scenarios for 2030 a) Above pre-industrial level The scenarios and respective probabilities were based on the most recent reports from the Global Carbon Project (GCP). The effects in terms of climate risks were considered for the geographies where the Group carries out its operations and for the locations where the business sector extends. Rise in global average temperature scenario (a) Probability Impact on Physical and Transition Climate Risks Scope Frequency Intensity < = 1,5ºC 10% Low Low Low > 1,5º C e < 2º C 60% Medium Medium Medium > 2º C 30% High High High 136