Sidenor 2022 Sustainability Report

71 Sidenor has obtained the EcoVadis silver medal with an outstanding rating of 90/100 in the area of Environment In order to control and minimize the environmental and energy impacts of our activity, Sidenor has implemented a Management System aligned with ISO 14001 and ISO 50001 standards, which provides for the analysis of all our industrial activities. By means of this system, we ensure the evaluation, planning and environmental monitoring of our entire process. Among the risks identified, Sidenor also monitors environmental noise and light pollution as part of its own operational controls of the environmental management system according to ISO 14001 although, due to the nature of our own activity, this type of pollution is not considered material. During the first quarter of each year, the Environment and Energy department organizes specific meetings with each production area in order to establish the annual action plan, according to the results obtained and the ones expected for the new financial year. Likewise, the entire value chain is increasingly interested in sustainable and resilient solutions, opportunities and business models. For this reason, during 2022 and following the TFCD (Task force on Climate-related Financial Disclosures) methodology, we have initiated the analysis of the risks and opportunities derived from climatic transition and affecting our business, which aims at properly managing such risks and opportunities and is centered around four areas: governance, strategy, risk management as well as metrics and objectives, in order to:  Anticipate and adapt to the climatic risks which affect business, as well as seize the opportunities that might arise.  Measure the financial impacts of Climate Change according to various scenarios and possible futures. Besides, as we are also concerned by Law 26/2007 on Environmental Responsibility, we provided the administrations with the relevant risk analyses and responsible statements in order to establish financial guarantees for priority-2 installations. We also have a civil and environmental liability insurance so as to mitigate the consequences of any incident which might derive from our activities. In 2022, just like in 2021, no complaint was received, and no procedure was initiated against Sidenor which might entail a liability of the Company in environmental matters. Environmental management and energy system Environmental program and monitoring 2022 2021 Nº of Environmental Plan Actions 1,102 1,093 Nº of Climate Change Plan Actions 357 154 Nº of internal audits 151 142 Nº of external audits 17 16