IBERSOL | Integrated Management Report 2022

INTEGRATED MANAGEMENT REPORT 2022 About this report This report marks the transition to a new cycle in the Ibersol Group’s annual integrated management report, in which the intention is to increasingly value the non-financial aspects of the business, while maintaining all the rigour in terms of financial information, to convey a more complete, explicit and relevant message about the different dimensions of the organisation and activity to all stakeholders. The report respects the principles and requirements of the Interna- tional Financial Reporting Standards (IFRS) and the European Non- financial Reporting Directive (NFRD) in its transposition into national law through Decree-Law No. 89/2017, as well as the European Union Green Taxonomy Regulations (Regulation (EU) 2020/852 of the Eu- ropean Parliament and of the Council and Commission Delegated Regulation (EU) 2021/2139). The document also uses as reference the generic principles and specifications of the GRI (Global Report- ing Initiative) standards, namely regarding the topics linked to mate- riality and sustainability. In view of the expected changes in sustainability reporting that will be imposed by the new European directive CSRD (Corporate Sus- tainability Reporting Standard) and the ESRS (European Sustainabil- ity Reporting Standards), in addition to the traditional components of the management report, this document introduces a new “stra- tegic framework” section, in which information is consolidated on the business context, the Group’s identity matrix, the value creation model, the sustainability programme and all aspects related to risk management. On the other hand, more explicit emphasis is given to the three environmental, social and governance (ESG) pillars in the main body of the report, without prejudice to the inclusion, within the scope of the GRI standards, of a referencing of these issues in 11