In 2023, in anticipation of the EU CSRD, the Group conducted a double materiality analysis covering all URW’s activities, including Viparis (see section 3.2.1.D.1 Description of the process to identify and assess material impacts, risks and opportunities). This work was undertaken jointly by the Group’s Sustainability team and Group Risk Management department. The sustainability topics were defined on the basis of the sustainability priorities highlighted by the Group’s simple materiality analysis (2022 version), the climate risk assessment, the supply chain risk assessment and a benchmark of sustainability topics covered by real estate companies to identify megatrends and sector impacts. The results of the double materiality analysis were integrated to the Group risk management processes as reflected in section 6.2.2.C Category #3 Environmental and social responsibility risks. Climate change risks for the Group (physical and transitional) form a core part of the sustainability risks analysis and are integrated in the double materiality analysis. A more detailed overview of climate risk management and, in particular, of the resilience of assets to physical climate risks is provided in section 3.2.2.B.12 Anticipated financial effects from material physical and transition risks and potential climate-related opportunities.