IBERSOL • 2023 Integrated Management Report

INTRODUCTION About this report This report represents another exercise in integrated disclosure of the Ibersol Group’s financial and non-financial performance, consolidat- ing the format adopted in recent years and preparing for a series of changes that will take place within the scope of the European Union’s new sustainability reporting requirements. The report complies with the principles and requirements of the Inter- national Financial Reporting Standards (IFRS) and the European Non- Financial Reporting Directive (NFRD) in its transposition into national law through Decree-Law 89/2017, as well as the European Union’s Green Taxonomy regulations (Regulation (EU) 2020/852 of the Euro- pean Parliament and subsequent delegated regulations). The document also uses the generic principles and specifications of the GRI ( Global Reporting Initiative ) standards as a reference, particu- larly with regard to materiality and sustainability issues. In terms of structure, the “strategic framework” section has been re- vised in order to clearly and succinctly highlight some of the aspects related to the impacts, risks and opportunities associated with issues considered emerging and material within the scope of the current sus- tainability strategy. This approach paves the way for the “sustainability demonstration” to be carried out in the next financial year, in light of the Corporate Sustainability Reporting Directive (CSRD) and the Euro- pean Sustainability Reporting Standards (ESRS), in which, through the dual materiality assessment, we will carry out a more exhaustive and systematic revision of all the topics considered relevant to the strate- gic definition of sustainability. 10