IBERSOL • 2023 Integrated Management Report

This materiality study will be revised during the 2024 financial year to ensure compliance with the requirements of the European Union’s new Corporate Sustainability Reporting Directive (CSRD) and the new European Sustainability Reporting Standards (ESRS). As part of this, a “dual materiality” study will be carried out which will assess each of the potentially material topics from two complementary per- spectives: • Impact materiality, referring to the impacts produced on the environment and society; • Financial materiality, referring to the risks and/or opportunities generated for the business. STRATEGIC FRAMEWORK 54