16 SBM-3–Material Impacts, Risks, and Opportunities and Their Interaction with Strategy and the Business Model In 2024, Osculati updated and expanded its materiality analysis, making it more structured and comprehensive than the one conducted in 2023. While in 2023 the Company focused primarily on identifying significant impacts from an impact materiality perspective, this year the analysis was extended to include the assessment of relevant risks and opportunities in terms of financial materiality. The results largely confirm the findings from the previous year. The double materiality assessment was carried out by also considering subtopics and sub-sub-topics, in accordance with the requirements of the CSRD. All identified IROs (Impacts, Risks, and Opportunities) are covered by ESRS disclosure requirements, with the exception of one material topic: Research, Product Development, and Innovation, which is addressed in a dedicated section as an entity-specific disclosure. MANAGEMENT OF IMPACTS, RISKS, AND OPPORTUNITIES IRO-1 – Description of the Process for Identifying and Assessing Material Impacts, Risks, and Opportunities Osculati identified the sustainability topics to be included in the reporting process based on the principle of double materiality, assessing both: • The impacts that the Company’s activities may generate on the environment and people (impact materiality), and • The implications that the management of ESG factors may have on the Company’s financial performance, resilience, and business continuity (financial materiality). A sustainability topic is considered material if it is deemed significant from the perspective of impact materiality, financial materiality, or both.
RkJQdWJsaXNoZXIy MjM2MTk=