IBERSOL • 2023 Integrated Management Report

STRATEGIC FRAMEWORK Risk assessment and management Due to the nature of its business, the Ibersol Group’s reality is highly volatile and permanently exposed to challenges, transformations and changes which require a fast pace of management. An early view of risks, systematically and across all business areas, has allowed the Group to define strategies and develop actions to minimise potentially devastating impacts, as in the case of post- pandemic management or armed conflicts in Europe and the Middle East. In particular, measures were taken to strategically supply some of the foodstuffs that would suffer from shortages and generalised price increases, as well as to negotiate long-term energy tariffs. The risk control mechanisms established at the Ibersol Group, supported by internal management standards, and the information available – namely plans, goals, processes, procedures and indicators that have already been consolidated in the Financial-Accounting, Staff Management, Quality, Purchasing, Logistics and Marketing areas – have made it possible to assess the different risk scenarios and their evolution in good time and, as a result, to significantly and continuously reassess and adjust the defined strategies and the implemented plans, as embodied in the Contingency Plan, Brand Plans and Programmes and Budgets, and to review processes and procedures. There is also a constant concern to monitor national and international sources, both sectoral and general, of a technical, commercial or economic nature, such as the Davos Economic Forum. The Ibersol Group’s internal risk management process is based on guidelines common to the main risk management frameworks, considering a cyclical approach composed of five main stages: 56