Material topics GRI 2‑14, 2‑29, 3‑1, 3‑2

Having already used an impact materiality assessment in previous non‑financial reporting cycles, the Company started with the baseline topic list from its 2024 report. This list was then refined using benchmarking against reports from companies in related industries, along with recommendations from non‑financial reporting standards and input from the Company’s experts. Internal and external stakeholders then rated the topics covering the Company’s economic, environmental, and social impacts via an online survey.

Simultaneously, the Company compiled a list of sustainability risks and opportunities for internal expert review. Each risk and opportunity was evaluated on likelihood, scale of potential consequences, time horizon, and value chain position. Risks and opportunities were then grouped into topics, and the topics were ranked by financial materiality using the highest likelihood and consequence scores.

In the final stage, a double materiality matrix was created, plotting topics against their impact materiality and financial materiality scores. This visualisation helped identify material topics that reflect both the Company’s impacts on the economy, nature, and society and its key sustainability risks and opportunities.