Strategy and Materiality

As part of our commitment to the continuous improvement of our Environmental, Social, and Governance (ESG) strategy, in 2025 we carried out our first Double Materiality Analysis (DMA), in order to strengthen how we identify, assess, and manage the most relevant topics for Fibra Shop and our stakeholders.

This approach allows us to gain a comprehensive understanding of the relationship between our business model, our stakeholders, and the environmental, social, and governance challenges that influence value creation in the short, medium, and long term. In addition, it strengthens our alignment with international standards such as the International Financial Reporting Standards on sustainability (IFRS S1 and IFRS S2), the International Sustainability Standards Board (ISSB), and global best practices relating to ESG reporting.

• Review and Update:
  • The ESG Committee annually reviews the materiality assessment and updates it when necessary. This review ensures that material topics remain relevant and aligned with the evolving business environment and emerging risks.
• Risk Management:
  • The ESG Committee is responsible for analyzing any imminent risk related to the defined material topics. This analysis includes categorizing the risk into the following categories:
    • Low impact
    • Medium impact
    • High impact
  • For each risk category, an action plan and resolution timeline are developed. This plan includes specific measures to mitigate the risk and ensure the integration of actions into the company’s overall strategy.
• Approval and Supervision:
  • Executive Committee: The Executive Committee reviews and determines the feasibility of the action plans proposed by the ESG Committee. It also provides its endorsement for the implementation of these plans.
  • Other Committees: If necessary, other FibraShop committees may participate in the review and approval of action plans to ensure a comprehensive perspective and additional support.
• Formal Commitment:
  • The results of the materiality assessment are signed by the members of the ESG Committee, ensuring a formal commitment to the findings and the implementation of the corresponding measures.
• Transparency:
  • The process of how identified risks are specifically linked to material topics will be documented and shared with stakeholders.

Our sustainability strategy is structured around three fundamental pillars, which guide the management of ESG risks and opportunities and the generation of sustainable value throughout our value chain:

1. Wellbeing and talent development: We strengthen the overall wellbeing of our employees through physical, emotional, and financial health programs, as well as tools that allow us to assess their experience within the organization. This pillar helps mitigate risks associated with human capital and enhance productivity and organizational performance.
2. Social value in communities and stakeholder groups: We generate value in the communities where we operate through our Life Centers and initiatives that promote social interaction, culture, and social development. This pillar strengthens our relationships with stakeholders while helping us identify opportunities to create positive impact and support business growth.
3. Environmental management and operational efficiency: We manage our environmental impacts through the responsible use of resources and the implementation of prevention, mitigation, and adaptation measures addressing multiple environmental aspects, with a particular focus on climate change. This pillar helps reduce environmental risks and improve the operational efficiency of our portfolio.