IBERSOL | Integrated Management Report | 2025

INTEGRATED MANAGEMENT REPORT 2025 For the definition of the IROs, consultation with relevant stakeholders in the value chain was also consid- ered, carried out within the scope of the materiality analysis conducted in 2022. In this analysis, taking into account national and international benchmarks of a sectoral and cross-cutting nature, the relevant stakeholders were identified, and 27 potentially important topics for the organization were selected, grouped into 8 thematic clusters. Next, the selected stakeholders were asked to rate the materiality of these topics. Based on the intersection of the stakeholder and management’s ranking of the importance of these topics, the material topics for the organization were selected. This selection of topics was taken into account in the IRO proposal presented by the sustainability team to the functional experts. A double materiality mapping proposal was thus developed and submitted to the executive committee for validation. As a result, the Sustainability Team produced a final version of the IRO mapping incorpo- rating the Executive Committee’s guidelines. All the work described above on dual materiality analysis was conducted with the support and subse- quently subject to validation by external consultants, hired to carry out a pre-auditing process within the scope of the new non-financial reporting obligations. Classification of IROs The impact classification was based on the following factors: - Time horizon: short-term (up to 1 year), medium-term (more than 1 and up to 5 years), long-term (more than 5 years), or a combination of the above; - Nature of the impact: positive or negative; real or potential; - Location in the value chain: in own operations, upstream, downstream, or a combination of the above; - Relationship of the cause to the impact: directly causes the impact, contributes to the impact, indirectly causes the impact through the value chain; - Origin or link to the Strategy and Business Model (SBM). 125