Universal Registration Document 2025

Board of directors

DOUBLE MATERIALITY ANALYSIS

Risk

Negative Impact

Positive Impact

Opportunity

Double materiality analysis
DMA TOPICS UPSTREAM Own Operations / Activities DOWNSTREAM Timescale
E1 Climate change

IRO* 1

 

Increased costs related to carbon pricing mechanisms

LT

IRO 2

 

Energy consumption increase (SC.1 & 2) due to business needs, incl. AI**

ALL

IRO 3

Carbon emissions in the supply chain

 

ALL

E5 Circular Economy

IRO 4

   

Circular Economy & waste management

ALL

S1 Own Workforce

IRO 5

 

Increased personnel costs due to competition for talent

ST/MT

IRO 6

 

Demanding corporate culture & employee well-being

ALL

IRO 7

 

Progressive social practices improving loyalty & attractivity

MT/LT

IRO 8

 

Socially impactful programs stimulate innovation & performance

MT/LT

IRO 9

 

An absence of social equity can create internal employee well-being

ALL

IRO 10

 

Acts of discrimination or harassment impact employee well-being

ALL

IRO 11

 

Gen AI tools are improving productivity and profitability

ALL

S2 Workers in the value chain

IRO 12

Suppliers' non-compliance with Human rights

 

ALL

S4 End-users, consumers

IRO 13

   

Misleading marketing practices create legal and reputational risks

ALL

IRO 14

   

Noncompliant marketing can generate social & environmental impacts

ALL

IRO 15

   

Data protection and security impacts on consumers

ALL

IRO 16

 

AI impacts on end-users rights

ALL

IRO 17

 

AI-based marketing solutions are creating revenue opportunities

ST/MT

G1 Business Ethics

IRO 18

 

Client sectors could impact reputation and talent attractivity

ALL

IRO 19

 

Anti-corruption, anti-bribery and fraud risks

ALL

IRO 20

Cyber-risks could affect IP*** and activities

 

ALL

IRO 21

IT dependencies could create operational disruptions

 

ALL