IBERSOL | Integrated Management Report 2022

INTEGRATED MANAGEMENT REPORT 2022 Regulatory context Environmental The food sector and in particular the catering sector will continue to be particularly affected by new EU environmental legislation in 2023 and beyond. Legislative measures continue to be published that are oriented to- wards the reduction of single-use packaging and towards the transi- tion to a circular economy, with an impact on operations and on the product. This orientation tends to materialise in two ways: - Regulation to replace single-use packaging with reusable packaging; - Regulation to establish a minimum proportion of recycled materials in packaging. Some concrete measures represent a challenge to our business mod- el and to the way of functioning of the value chains in which we oper- ate, which will have to be adjusted so that we can comply with the new legislative requirements to come into force at the end of 2023 and beginning of 2024. In Portugal, by 31 December 2023, new legislation on the mandatory separation of bio-waste and also legislation with new rules aimed at reducing food waste will come into force. On the other hand, as of 1 January 2024, it will be mandatory to provide reusable packaging in distance services (affecting take-away and delivery services), as well as the use of reusable utensils by customers in services with on- site consumption ( eat-in and counter). It should be noted that the measures linked to the mandatory availability of reusable packaging will require the implementation of a deposit system, which will also have to be duly regulated and will require various adaptations at the operational and administrative levels, namely in the logistical articulation with the drinks industry. 31