Overall, like any other risk, our risks are integrated in our strategy and business model through enterprise risk management processes, whereas managing our impacts is anchored in compliance with relevant legislation, as well as integration of additional policies, actions, and targets of our strategy and our business model where managing the impact requires additional efforts. We have assessed the time horizon for impacts to be the strategy period until 2028, as we lack clarity beyond that to accurately assess the materiality of impacts.

Based on an increased availability of data that covers more of our product portfolio and includes more supplier-specific data, as well as changes to the emission factors applied, we have restated the 2021 baseline for GHG emissions in Scopes 1, 2, and 3. Total Scope 1 and 2 (market-based) emissions were restated from 10,507 tCO2eq to 9,831 tCO2eq, decreasing by 6%. Total Scope 3 GHG emissions have been restated from 425,547 tCO2eq to 349,006 tCO2eq, a decrease of 18%.