IBERSOL • 2023 Integrated Management Report

INTEGRATED MANAGEMENT REPORT 2023 The food value chain The food value chain is one of the most important for human life and has the greatest global environmental impact. It accounts for around a third of greenhouse gas (GHG) emissions, which are having a de- cisive impact on global warming. It should be noted that 2023 was a record year in terms of the maximum and average temperatures reached globally and in various regions of the planet. Although GHG emissions from distribution, retail and catering rep- resent a very small proportion of the total footprint of the food we consume (typically less than 15%), catering companies such as the Ibersol Group play an extremely important role in the food value chain, as they carry out their business by interacting directly with final consumers, thereby influencing their consumption habits. The Ibersol Group’s activity, which is widely developed in the Iberian market (and also in Angola), in partnership with some of the world’s most recognised restaurant brands, ensures exceptional visibility of the main market trends in this type of business, while also benefiting from a scale of operations that allows it to innovate and find increas- ingly safe, efficient and sustainable solutions, including for its own brands. Business model and value creation Farming > Food industry > Distribution > Retail and restaurants > Consumption 39