IBERSOL | Annual Report 2020

Ibersol Group Risk Management Ibersol Group’s business context is, by its very nature, highly volatile and constantly exposed to challenges, transformations, and changes, that set a fast-paced management standard. The year of 2020, with the Covid-19 pandemic, was a year especially representative of this reality. The ability to foresee risks systemically and in relation to all business are- as allowed the group to define strategies and take steps, since the “pre- European pandemic” phase, aimed at mitigating the impact of adverse situations resulting from the pandemic and its management measures, also seeking to continue to create an environment given to sustainable and continuous improvements and the maximisation of available re- sources, within a context of extreme business restrictions. Grupo Ibersol’s risk management mechanisms, supported by internal norms and procedures and the available information – namely consoli- dated plans, goals, processes, procedures and indicators in the realm of Finance-accounting, People Management, Quality, Purchases, Logistics and Marketing – allowed for a real-time evaluation of different risk sce- narios and their evolution and, therefore, the re-evaluation and signifi- cant and continual adjustment of defined strategies and implemented plans, such as the Contingency Plan, Plans and Programmes, and Brand Budgets and the revision of processes and procedures. The risks inherent to the different activities of the Ibersol Group have been identified. Considering their specificities, some areas are managed directly by the operational departments. Quality and Food Safety Part of the scope of the Quality Board is to ensure the existence of prevention and control measures in the different domains of the Ib- ersol group business, especially in the following areas: • Qualification and Selection of Suppliers and Products and Periodical Supplier, Products and Services Control Programme; • Guaranteeing that a Tracing System is in place; 62