Industria de Diseno Textil SA

The Sustainability Committee is the delegated body of the Board of Directors responsible for supervising and monitoring sustainability proposals in the social, environmental and product health and safety areas. It is also responsible for fostering the commitment to the Sustainable Development Goals and relations with the various stakeholders in this regard. The Sustainability Committee, along with the Audit and Compliance Committee, is also responsible for overseeing the information included in the Statement on Non-Financial Information and other public documentation on matters within its purview. The Audit and Compliance Committee—as the body responsible for overseeing and controlling the effectiveness of the internal risk control and management systems—is entrusted with monitoring and assessing the risks arising from the Group's actions in relation to the Sustainability Policy. Furthermore, the Group has an Ethics Committee, an internal body reporting to the Board of Directors, which oversees compliance with the standards of conduct, and a Social Advisory Board, an external sustainability advisory body in operation since 2002. The Social Advisory Board is made up of independent and external persons and institutions and its mission is to institutionalise dialogue with key stakeholders from civil society where we develop our business model.

Policy on Public Policy i G1"
"At its meeting on 9 December, the committee gave a favourable report on: (i) the Inditex Group's new Policy on Public Policy, and (ii) the proposed amendment to the Enterprise Risk Management Policy, approved in 2015 and last amended in 2020. Both proposals were approved by the Board of Directors at its meeting on 10 December 2024.

Inditex's Code of Conduct and Responsible Practices expressly stipulates that all dealings between Inditex and governments, authorities, institutions and political parties must be framed by the principles of lawfulness and neutrality. Any contributions made by the Company, whether in cash or in-kind, to political parties, institutions or public authorities must be made in accordance with prevailing legislation. So as to guarantee transparency in this respect they must be preceded by a report from the legal advisory department certifying their absolute lawfulness.

Outstanding relationship and dialogue tools

We have had a Sustainability Committee since 2019. It is a delegated committee of the Board of Directors, whose responsibilities include the supervision of our stakeholders' engagement in the sustainability field. [...] On the other hand, since 2002 we have had a Social Advisory Board which acts as an advisory body on sustainability matters, and comprises independent external members, whose responsibilities include arranging and institutionalising dialogue with key stakeholders in civil society.

The Statement on Non-Financial Information was prepared by the Board of Directors of Inditex, following the favourable report by the Audit and Compliance Committee and the Sustainability Committee, both of which are responsible for the verification and supervision of the information included in it, each in their respective areas of competence. The SNFI has also been endorsed by Inditex's Social Advisory Board (the Group's external advisory body on sustainability matters, consisting of independent external members). It will subsequently be submitted to the Group's Annual General Meeting to be examined and, in the event, approval as a separate item on the agenda. [...] The Sustainability Committee, as an informative and advisory Board committee, is responsible for monitoring our social and environmental sustainability strategy and practices, as well as fostering a commitment to the Sustainable Development Goals. In accordance with article 9.2 of the Sustainability Committee Regulations, the members of the Sustainability Committee shall be appointed, especially its chair, with the knowledge, skills and experience appropriate to the functions they are called upon to perform, including, among others, in matters of sustainability, social action initiatives, sustainable resource management and the design of stakeholder communication policies. Hence, it liaises directly with the Sustainability Department, which is responsible for defining the Group's sustainability strategy and which reports, at least quarterly, on the degree of achievement of the strategic objectives and proposals in the areas of human rights, social, environment, and health and safety of our products. Moreover, the Chief Sustainability Officer is a member of Inditex's Management Committee. This body reviews the strategy and business and investment plans also in this field and, at the same time, liaises directly with the various corporate and business areas responsible for executing the sustainability strategy and proposals. [...] Meanwhile, one of the main duties of the Audit and Compliance Committee is to oversee and assess financial and non-financial risks, such as those arising from the Group's actions in relation to its social, environmental and other sustainability practices. The members of the Sustainability Committee, including its Chair, also serve on the Audit and Compliance Committee. The overlapping presence of directors on both committees and the report that the Chair of the Sustainability Committee submits to the Board of Directors regarding the main issues discussed at their respective meetings ensure that the most relevant social and environmental sustainability issues are taken into consideration in the deliberations of the Audit and Compliance Committee and of the Board, allowing for a better identification of the risks and opportunities associated with these matters. [...] Furthermore, Inditex has a Social Advisory Board. It is the Company's permanent external body which acts in an advisory and consultative capacity in matters of social and environmental sustainability. It is made up of persons external to and independent of the Group. It arranges and institutionalises dialogue with those spokespersons considered key in the civil society in which we develop our business model and plays, in addition, an important role in determining the materiality analysis, in which it participates in collaboration with our stakeholders.

The Policy has been approved by Inditex's Board of Directors, following a report from the Sustainability Committee, and with the participation of the Social Advisory Board. [...] The Sustainability Committee is responsible for overseeing compliance with the Policy. [...] The Sustainability Department and the Chief Sustainability Officer (CSO) who heads it, are ultimately responsible for implementing, executing, and managing this Policy. Their duties include: / Effectively implementing the Policy by taking the appropriate action, including setting in train an oversight system, with regular reviews and follows-up., using follow-up mechanisms allowing to assess and monitor the achievement of the aspirations and commitments hereunder set out. / Planning and managing training and awareness-raising about the Policy. / Liaising with the Compliance Department, assisting the Ethics Committee as necessary with the investigation of concerns or reports relating to any breach of this Policy, with the drafting of investigation reports, and with the implementation of the measures to be taken, including, if appropriate, any disciplinary measures relating to anyone at Inditex, the termination of trade relations with third parties and/or their reporting to competent authorities. / Regularly reviewing the Policy, together with the Legal Department, to ensure that is aligned with applicable laws. [...] Compliance Department, within the General Counsel's Office, is tasked with: / Coordinating the reviews and updates of the Policy, in collaboration with the Sustainability Department. / Assisting the Ethics Committee where necessary to handle and resolve concerns, reports, or questions about the Policy, with the support of internal areas or the relevant external resources. / Ensuring that the due diligence process, designed to identify potential risks and impacts and implement the required measures to prevent and handle them, is aligned with applicable laws, the Due Diligence Policy and the remaining Internal Regulations. [...] Inditex Group will be subject to periodic reviews and controls, including audits carried out by the Internal Audit Department, to assess overall compliance with the Policy.

Inditex's Code of Conduct and Responsible Practices expressly stipulates that all dealings between Inditex and governments, authorities, institutions and political parties must be framed by the principles of lawfulness and neutrality. Any contributions made by the Company, whether in cash or in-kind, to political parties, institutions or public authorities must be made in accordance with prevailing legislation. So as to guarantee transparency in this respect they must be preceded by a report from the legal advisory department certifying their absolute lawfulness.

The Sustainability Committee is a body of the Board of Directors that oversees sustainability proposals and stakeholder relations. [...] Inditex's Sustainability Policy contains robust mechanisms for supervision and guidance in this area. In this regard, the Sustainability Committee is a delegated body of the Board of Directors that supervises and controls proposals in the areas of sustainability, human rights, social, environmental, and product health and safety. It is also responsible for promoting commitment to the Sustainable Development Goals and stakeholder relations in the area of sustainability. In addition, the Sustainability Committee, together with the Audit and Compliance Committee, oversees the Non-Financial Information Statement (NFS) and other public documentation related to its areas of responsibility. [...] The Inditex Group also has an Ethics Committee, which reports to the Board of Directors and oversees compliance with the norms of conduct, and a Social Advisory Board, an external body that advises on sustainability. The Social Advisory Board, which has been operating since 2002, is made up of independent external persons and institutions. Its purpose is to institutionalise dialogue with key stakeholders from the civil society where we implement our business model."
"The Committee of Ethics that reports to the board of directors through the Audit and Compliance Committee, is responsible for overseeing compliance with the Model of Criminal Risk Prevention and the effectiveness and appropriate implementation of the controls therein set [...] the GCO-OCCO being responsible for the material performance thereof -, and with ensuring that such Model meets the prevailing legal requirements from time to time in force. [...] To duly oversee the Model, the Committee of Ethics submits to the Audit and Compliance Committee at least twice a year a report reviewing the findings of the supervision of the Model of Criminal Risk Prevention. In turn, such board committee reports on this issue to the board of directors on a quarterly basis and whenever the board requests so.

The Committee also oversees and reviews, at least annually, the company's public policy agenda, its position on significant public policy matters, political contributions and lobbying activities. [...] The North America Operating Unit Vice President of Public Policy, Federal Government Relations & Political Engagement is responsible for management of our public policy agenda and political engagement [...] Sustainability Committee [...] The main mission of the Sustainability Committee is to support the Board of Directors in aspects relating to the Group's sustainability practices, by supervising its strategy and overseeing proposals in this area, in the social, environmental areas and the area of health and safety of the products marketed by the Company, or by any Group company, as well as to foster the commitment to the Sustainable Development Goals. It is also the body responsible for overseeing effective liaisons with stakeholders in the field of sustainability. [...] The Committee is also vested with certain powers in connection with the supervision of the process of preparing the sustainability information that the Company discloses publicly (with the scope and limitations detailed below). [...] Audit and Compliance Committee [...] The main mission of the Audit and Compliance Committee is to oversee and monitor the independence of the statutory auditor and the effectiveness of the enterprise risk management system covering both financial and non-financial risks — without prejudice to the ultimate responsibility of the Board of Directors. It also has powers of oversight and assessment over the process of compiling and presenting the financial and non-financial (sustainability and corporate governance) information included in the mandatory annual reports, and of the independent verification of that information. These tasks are carried out in coordination with the Sustainability Committee in connection with the matters within its purview (as described below). [...] Sustainability governance [...] Board of Directors Body responsible for approving Inditex's sustainability strategy. [...] ADVISORY BODIES Sustainability Committee Audit and Compliance / Addresses all aspects related to the operation of the / Body in charge of Committee business: defining the sustainability strategy. overseeing and controlling / Reports at least quarterly to the Board of Directors. sustainability proposals in and assessing financial and non connection with human financial risks, such as those rights, social, environment arising from the Group's actions and the health and safety in relation to its social, of our products. environmental and other [...] Chief Sustainability Officer / Monitoring sustainability sustainability practices, including strategy and practices. climate change risks. / The Chief Sustainability Officer is part of the Senior Management of Inditex and / Measuring and achieving member of the Management Committee. sustainability objectives. / Reports hierarchically to the CEO and / Body in charge of liaising reports to the Sustainability Committee on with stakeholders in the a quarterly basis and, where appropriate, field of sustainability. to the Board of Directors and to the Audit / Overseeing and evaluating and Compliance Committee on the preparation of sustainability, including social, regulated and non environmental and product health and regulated non-financial safety issues, and in relation to climate information. change and associated risks. / Reports to the Board of / Establishes the strategy and identifies Directors on a quarterly tolerance to risks (approved by the Board) basis. related to sustainability, including climate / Oversees the implementation of the sustainability strategy and the achievement of associated objectives.

The Sustainability Committee is the delegated body of the Board of Directors responsible for supervising and monitoring sustainability proposals in the social, environmental and product health and safety areas. It is also responsible for fostering the commitment to the Sustainable Development Goals and relations with the various stakeholders in this regard. The Sustainability Committee, along with the Audit and Compliance Committee, is also responsible for overseeing the information included in the Statement on Non-Financial Information and other public documentation on matters within its purview. The Audit and Compliance Committee—as the body responsible for overseeing and controlling the effectiveness of the internal risk control and management systems —is entrusted with monitoring and assessing the risks arising from the Group's actions in relation to the Sustainability Policy. Furthermore, the Group has an Ethics Committee, an internal body reporting to the Board of Directors, which oversees compliance with the standards of conduct, and a Social Advisory Board, an external sustainability advisory body in operation since 2002. The Social Advisory Board is made up of independent and external persons and institutions and its mission is to institutionalise dialogue with key stakeholders from civil society where we develop our business model. [...] This governance system is based on a number of policies and strategies that guide our activities and our decision making, and that lay the groundwork to ensure that sustainability is integrated throughout our business model. These include, in particular, our Sustainability Policy, which comprises the principles adopted by the Group in relations with our stakeholders, encouraging integration of sustainability practices within the business model and ensuring that its business activity is carried out with full respect for people, the environment and the community at large, based upon the commitment the company has made to respecting human rights and to sustainable development. This Policy, approved by the Board of Directors on 14 December 2020, builds on and updates the previous Corporate Social Responsibility Policy and Environmental Sustainability Policy, consolidating them into a single text. [...] The commitment to sustainability by the governing bodies and the entire Company is crystallised in the definition of ambitious goals and specific targets, including linking the variable remuneration of different areas within the Group to sustainability objectives. [...] 15% of the variable annual remuneration of the Group's Executive Chairman and Chief Executive Officer is linked to the fulfilment of the sustainability policies. This progress is measured in accordance with a set of indicators, such as the increase in the percentage of Join Life products, among others. We have a long-term incentive plan for members of the management team and other employees for the 2019-2023 period. This includes sustainability metrics which, in turn, represent 10% of the aggregate incentive. In our new long-term incentive plan for 2021-2024, approved by the Annual General Meeting in July 2021, the weighting of sustainability metrics has been increased to 25%. The variable remuneration of all office employees in linked to sustainability metrics."
"The organisation and coordination of Compliance System management corresponds to the Compliance Function, represented by the Ethics Committee, which acts as the decision-making body, and by the General Counsel's Office – Compliance Office (hereinafter, 'General Counsel's Office –Chief Compliance Office' or 'SG-DCN' by its Spanish acronym), which is responsible for the system's operational management. [...] Periodic reporting: carried out by (i) all departments with compliance functions to SG-DCN in regard to those critical aspects that might impact Inditex from a compliance standpoint; and (ii) by SG-DCN, having consolidated the information compiled in a report that is approved, on a half yearly and yearly basis, by the Ethics Committee and is submitted to the Board of Directors by the Audit and Compliance Committee. [...] In addition to the half-yearly reports, the Compliance Office, reports to each meeting of the Audit and Compliance Committee and, through the latter, to the Board of Directors. This direct dialogue with the Board of Directors guarantees the independence of the Compliance Function from Senior Management, ensuring that the ultimate control of the efficacy of the Compliance System depends exclusively on the Board."
"Inditex's Code of Conduct and Responsible Practices expressly stipulates that all dealings between Inditex and governments, authorities, institutions and political parties must be framed by the principles of lawfulness and neutrality. Any contributions made by the Company, whether in cash or in-kind, to political parties, institutions or public authorities must be made in accordance with prevailing legislation. So as to guarantee transparency in this respect they must be preceded by a report from the legal advisory department certifying their absolute lawfulness."
"The board of directors approved on 14 December 2020 the Policy on Disclosure of Economic-Financial, Non-Financial and Corporate Information that seeks to establish a framework for action and define the overarching principles that will govern the disclosure by the Company of Economic-Financial, Non-Financial and Corporate Information via Regulated and non-Regulated Channels. Under such Policy, the board of directors, being the highest supervisory body responsible for overseeing economic-financial, non-financial and corporate information, shall ensure the largest circulation and the highest quality of the information provided to the stakeholders in accordance with a set of principles, including: transparency, objectivity, accuracy, immediacy and symmetry in disclosure of information."
"The Remuneration Committee is responsible for considering and reviewing the Directors' and Senior Managers' Remuneration Policy and for enforcing it. Those professionals whose activity may have a material impact on the risks' profile of the Company are included among them. [...] All members of the Remuneration Committee also sit on the Audit and Compliance Committee. Therefore, the Chair of the Remuneration Committee is a member of the Audit and Compliance Committee. This ensures that risks associated to remuneration are considered in the course of the debates of the Remuneration Committee and of the Audit and Compliance Committee and in motions submitted by both Committees to the Board of Directors, on both the determination and the process to assess annual and multi-year incentives. [...] Likewise, three ordinary members of the Remuneration Committee also sit on the Sustainability Committee. In particular, the Chair of the Sustainability Committee is a member of the Remuneration Committee. The Sustainability Committee is responsible for overseeing and monitoring motions in the field of sustainability, on social and environmental issues, of health and safety of the products that the Company places on the market, and the relations with the different stakeholders in the field of sustainability. Thus, the fact that the same directors sit on different committees allows ensuring that alignment with the Group's priorities in the field of sustainability for all its stakeholders is considered upon establishing and enforcing the Remuneration Policy.

The Sustainability Committee is the delegated body of the Board of Directors responsible for supervising and monitoring sustainability proposals in the social, environmental and product health and safety areas. It is also responsible for fostering the commitment to the Sustainable Development Goals and relations with the various stakeholders in this regard. The Sustainability Committee, along with the Audit and Compliance Committee, is also responsible for overseeing the information included in the Statement on Non-Financial Information and other public documentation on matters within its purview. The Audit and Compliance Committee—as the body responsible for overseeing and controlling the effectiveness of the internal risk control and management systems —is entrusted with monitoring and assessing the risks arising from the Group's actions in relation to the Sustainability Policy. Furthermore, the Group has an Ethics Committee, an internal body reporting to the Board of Directors, which oversees compliance with the standards of conduct, and a Social Advisory Board, an external sustainability advisory body in operation since 2002. The Social Advisory Board is made up of independent and external persons and institutions and its mission is to institutionalise dialogue with key stakeholders from civil society where we develop our business model."
"The organisation and coordination of Compliance System management corresponds to the Compliance Function, represented by the Ethics Committee, which acts as the decision-making body, and by the General Counsel's Office – Compliance Office (hereinafter, 'General Counsel's Office –Chief Compliance Office' or 'SG-DCN' by its Spanish acronym), which is responsible for the system's operational management. In this regard, the Compliance Function has a dual purpose: - Coordination: implemented by SG-DCN in collaboration with the various areas and departments with compliance duties, to identify potential non-compliance risks and to define and implement controls tending to prevent the materialisation of those risks. - Periodic reporting: carried out by (i) all departments with compliance functions to SG-DCN in regard to those critical aspects that might impact Inditex from a compliance standpoint; and (ii) by SG-DCN, having consolidated the information compiled in a report that is approved, on a half yearly and yearly basis, by the Ethics Committee and is submitted to the Board of Directors by the Audit and Compliance Committee. In addition to the half-yearly reports, the Compliance Office, reports to each meeting of the Audit and Compliance Committee and, through the latter, to the Board of Directors. This direct dialogue with the Board of Directors guarantees the independence of the Compliance Function from Senior Management, ensuring that the ultimate control of the efficacy of the Compliance System depends exclusively on the Board."
"Inditex's Code of Conduct and Responsible Practices expressly stipulates that all dealings between Inditex and governments, authorities, institutions and political parties must be framed by the principles of lawfulness and neutrality. Any contributions made by the Company, whether in cash or in-kind, to political parties, institutions or public authorities must be made in accordance with prevailing legislation. So as to guarantee transparency in this respect they must be preceded by a report from the legal advisory department certifying their absolute lawfulness.

The Sustainability Committee shall have the following duties: ∕ Powers relating to the relations with the different stakeholders: (i) to oversee and evaluate – in coordination with the Audit and Compliance Committee, with regard to issues that fall under its purview – the strategy on communication and relations with shareholders – including small and medium shareholders – investors, proxy advisors and other stakeholders, and the enforcement of the Policy on Disclosure of Economic-Financial, non-Financial and Corporate information, and (ii) to oversee –in coordination with the Audit and Compliance Committee- the process for preparing and releasing the regulated and non-regulated non-financial information, as well as the integrity and clarity thereof, with regard to the issues that fall under its purview. ∕ Other powers entrusted to the committee: (i) to report on the appointment and removal of the members of the Social Advisory Board of the Company before the report issued by the Nomination Committee, assessing the suitability, competences, knowledge, experience and other occupations of the prospective candidates, (ii) to assess the draft bills and the amendments of national as well as foreign or international regulations on sustainable development, corporate social responsibility and related issues, and their potential impact on the Group's activity, and (iii) to issue reports on the internal regulations of the Company on matters that fall within its purview.

The Policy has been approved by the Board of Directors following a report from the Sustainability Committee, with the participation of the Social Advisory Board. [...] The Sustainability Committee is responsible for overseeing compliance with the Policy. [...] The duties of the Sustainability Department and the Chief Sustainability Officer (CSO) include: / Effectively implementing the Policy by taking the appropriate action, including setting in train an oversight system, with regular reviews and follows-up, using follow-up mechanisms allowing to assess and monitor the achievement of the aspirations and commitments hereunder set out. / Liaising with the Compliance Department, assisting the Ethics Committee as necessary with the investigation of concerns or reports relating to any breach of this Policy, with the drafting of investigation reports, and with the implementation of the measures to be taken, including, if appropriate, any disciplinary measures relating to anyone at Inditex, the termination of trade relations with third parties and/or their reporting to competent authorities. [...] Inditex Group shall be subject to regular reviews and monitoring, including audits carried out by the Internal Audit Department to assess compliance with the Policy.

The Sustainability Committee is the delegated body of the Board of Directors responsible for supervising and monitoring sustainability proposals in the social, environmental and product health and safety areas. It is also responsible for fostering the commitment to the Sustainable Development Goals and relations with the various stakeholders in this regard. [...] The Sustainability Committee, along with the Audit and Compliance Committee, is also responsible for overseeing the information included in the Statement on Non-Financial Information and other public documentation on matters within its purview. The Audit and Compliance Committee—as the body responsible for overseeing and controlling the effectiveness of the internal risk control and management systems—is entrusted with monitoring and assessing the risks arising from the Group's actions in relation to the Sustainability Policy. [...] Furthermore, the Group has an Ethics Committee, an internal body reporting to the Board of Directors, which oversees compliance with the standards of conduct, and a Social Advisory Board, an external sustainability advisory body in operation since 2002. The Social Advisory Board is made up of independent and external persons and institutions and its mission is to institutionalise dialogue with key stakeholders from civil society where we develop our business model.

Since 2020, we have put in place a new coordinating body for our Global Framework Agreement with IndustriALL Global Union: the Global Union Committee representing the various IndustriALL Global Union members across our production chain, as well as the Spanish trade unions CCOO and UGT. [...] Over the course of 2020 we have continued with our transformation of the supply chain, implementing our Workers at the Centre 2019-2022 social strategy and developing various initiatives in its seven priority impact areas. [...] Inditex and IndustriALL have undertaken to work together on the textile industry recovery plans. [...] Cooperation between the two parties was again materialised in 2020 upon formalising the Global Union Committee of the Global Framework Agreement, a new coordinating body where the different IndustriALL Global Union affiliates in our production chain are represented, as well as the Spanish trade unions CC.OO. and UGT. Similarly, we issued a joint statement in August 2020 with the goal of reaffirming our mutual commitment to work collaboratively to support the economic and social recovery of the global clothing industry to combat the crisis arising from covid -19, together with global and national stakeholders. [...] At Inditex, we believe that Human Rights related to collective bargaining and freedom of association are fundamental for workers in the supply chain to freely negotiate their working conditions and also for them to have suitable mechanisms for the defence of the rest of their rights. This conviction is clearly laid down in our Code of Conduct for Manufacturers and Suppliers. [...] Guaranteeing effective worker representation mechanisms. We foster and participate in a variety of programmes to encourage workers in the supply chain to have effective mechanisms of representation. Our participation in the International Labour Organization Better Work programme is noteworthy. [...] Raising awareness on social dialogue and worker participation. We deem it necessary for workers and factory management to have the necessary tools and skills to maintain social dialogue that enables them to establish mature industrial relations required for collective bargaining. Accordingly, training sessions and programmes are undertaken to promote social dialogue at the various levels where our strategy is deployed, from the factory to the industry as a whole. [...] An example of the importance of collaboration between stakeholders in the field of worker participation is the work we do under the aegis of the ACT initiative. In that regard, a dispute resolution mechanism pilot was implemented in 2020 among representatives of ACT brand suppliers in Myanmar and IndustriALL's associate in the country, IWFM. This mechanism enables a procedure to be established to resolve any incident in compliance with the guidelines on freedom of association agreed in 2019 between the parties.

Inditex's Code of Conduct and Responsible Practices expressly stipulates that all dealings between Inditex and governments, authorities, institutions and political parties must be framed by the principles of lawfulness and neutrality. Any contributions made by the Company, whether in cash or in-kind, to political parties, institutions or public authorities must be made in accordance with prevailing legislation. So as to guarantee transparency in this respect they must be preceded by a report from the legal advisory department certifying their absolute lawfulness.

Prior to their execution and approval by Inditex's board of directors, the terms of such lease agreements have been reviewed first by the Audit and Compliance Committee, on the basis of valuation reports issued by independent experts. The committee seeks to establish that these transactions have been carried out on an arm's length basis, are fair and reasonable from the Company's perspective and in the interest of the Company. Likewise, such lease agreements have been disclosed in the relevant annual report on related party transactions that the Company issues every year in accordance with Recommendation 6 GGC. [...] The Audit and Compliance Committee is responsible for reporting on the transactions that involve–or are likely to involve–any conflict of interest, and the Nomination Committee is responsible for reporting on the authorisation or release by the Board of Directors of the obligations stemming from the duty of loyalty of directors, where said responsibility is not incumbent upon the General Meeting of Shareholders.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Our engagement activities are selected on a case-by-case basis taking into account our Global Energy, Water and Biodiversity Strategy frameworks, sustainability targets (sustainability roadmap commitments, SBTs).

Other value chain partners are key external stakeholders and the dialogue with them is crucial to define and prioritize the strategy ensuring the sustainability of our business model. The Sustainability Committee oversees and evaluates the processes of relations with the different stakeholders of the Company and its Group concerning climate change issues. Moreover, the Committee also makes proposals aimed at improving the Company's reputation, the image of its different commercial brands, the transparency and the ethical standards that guide the Group's activity when establishing relationships with the different stakeholders.