The resilience analysis is conducted in alignment with various regulations and sustainability frameworks such as the EU Taxonomy and the TCFD. For climate-related physical risks, the set of indicators studied, as well as the time horizons (baseline, 2030, 2050) and the scenarios (SSP2-4.5, SSP5-8.5) chosen as part of the study are aligned with the various regulatory requirements and recommendations (EU Taxonomy, CDP, TCFD and CSRD among others). For the transition risks and opportunities component, the choice of time horizons (2025, 2030, 2050) and scenarios – Nationally Determined Scenario ("NDCs") which corresponds to business as usual and net zero 2050 – followed the same logic.