Appendices

In particular, it has to be noted that the activity CE 5.5. “Product as a service and other circular service models oriented to use and results” is related to the acquisition and rental of POS (point of sale terminals) through a service model, as part of the solutions provided by Logista Strator. Additionally, the withdrawal of these devices due to breakdown would be eligible under activities CE 2.3. “Collection and transport of hazardous and non-hazardous waste” and PPC 2.1. “Collection and transport of hazardous waste”, while the sale of these devices after their rental stage constitutes another eligible activity, under activity CE 5.4. “Sale of second-hand goods”.

Once the above eligibility analysis was carried out, we have consequently proceeded to carefully determine: (I) compliance with the technical selection criteria relating only to the climate change mitigation objective (in terms of substantial contribution to said objective and in terms of not significantly harming any of the remaining environmental objectives), since no activity associated with the climate change adaptation objective has been identified and the regulation does not require in this first exercise to carry out said evaluation for the rest of the new objectives disclosed; and (II) compliance with the minimum safeguards.

Technical selection criteria

The following analysis is carried out in accordance with the provisions of Annex I of Commission Delegated Regulation (EU) 2021/2139 of 4 June 2021, which develops the technical selection criteria, which serve as a guide to conclude that an economic activity contributes substantially to, in this case, the mitigation of climate change, and to determine whether that economic activity does not cause significant harm to any of the other environmental objectives:

a. Criteria for substantial contribution to climate change mitigation

To determine the substantial contribution, the technical characteristics of each eligible activity with respect to the climate change objective have been analysed, as listed in the previous section “2. Identification of eligible activities”, in order to conclude whether or not they comply with the criteria for a substantial contribution to said objective. Throughout this evaluation, we have been gathering the necessary information to demonstrate compliance with this technical criterion.

The summary of this assessment, activity by activity of the taxonomy, is as follows:

CCM 5.5. Collection and transport of non-hazardous waste in source segregated fractions
In relation to this activity, it has been ensured that waste managers who collect used boxes reuse or recycle these boxes. This ensures compliance with the substantial contribution criterion applicable to this activity.

CCM 6.4. Operation of personal mobility devices, cycle logistics
The purchase of electric vehicles meets the applicable substantial contribution criterion.

CCM 6.5. Transport by motorcycles, passenger cars and light commercial vehicles
Logista has light electric vehicles and light plug-in hybrid electric vehicles in its fleet, therefore, these vehicles has zero direct emissions, and meet the substantial contribution criterion.

CCM 6.6. Freight transport services by road
Logista has electric freight vehicles in its fleet, and therefore these vehicles have zero direct emissions and meet the substantial contribution criteria.

CCM 7.3. Installation, maintenance and repair of energy efficiency equipment
In relation to the installation of heating and cooling equipment, it has been evaluated whether they meet the substantial contribution criterion, studying whether “they are classified in the two highest energy efficiency classes” corresponding to the type of equipment used “in accordance with the Regulation (EU) 2017/1369 and (its) delegated acts.”

In relation to the installation of lighting systems, LED systems are considered to be “energy efficient”, and therefore, are of substantial contribution.

CCM 7.4. Installation, maintenance and repair of charging stations for electric vehicles in buildings (and parking spaces attached to buildings)
The activity is the installation of electric vehicle charging points, so it meets the applicable substantial contribution criterion.

CCM 7.6. Installation, maintenance and repair of renewable energy technologies
The activity is the installation of photovoltaic panels on Logista assets, and therefore meets the applicable substantial contribution criterion.

CCM 8.1. Data processing, hosting and related activities
As regards this activity, the criteria for substantial contribution applicable to this activity, which is highly technically complex, have not been demonstrated. Although energy certifications are available for some of the facilities with data servers (ISO 50001), there is no certification as defined in the substantial contribution criteria (the European code of conduct on energy efficiency in data centres or the CLC TR50600-99-1 document from CENCEnelec). “Data centre facilities and infrastructures – Part 99-1: Recommended practices for energy management”).

b. Do no significantly harm any of the environmental objectives (DNSH – “Do No Significant “Harm ”)

The second set of technical criteria requires that, for each of the potentially aligned activities (i.e., the company’s eligible activities that meet point 1 of substantial contribution), it is assessed and evidenced that they do not significantly harm any of the other 5 environmental objectives.

Compliance with the DNSH criteria for climate change adaptation has been carried out at the corporate level, while compliance with the other DNSH criteria has been carried out for those activities for which a substantial contribution has been demonstrated, at least partially. These are the activities under the climate change mitigation objective: CCM 5.5., CCM 6.5., CCM 6.6., CCM 7.4. and CCM 7.6.

Compliance with DNSH criteria for climate change adaptation:

In order to comply with this DNSH criterion, Logista has carried out corporate-type work in which, firstly, all the climatic hazards indicated in the table in Appendix A of Annex I of Delegated Regulation 2021/2139 have been evaluated through a “screening”, determining those risks that were relevant to the type of activities carried out by Logista. Next, the degree of incidence of all physical risks considered material for the Company has been assessed. For this purpose, the IPCC scenarios: RCP 4.5 and RCP 8.5 have been used, evaluating the incidence of future climatic hazards in the short term (up to 20 years), medium term (21 to 40 years) and long term (41 to 100 years).

Once this step was completed, the economic- financial impact of climate risks was studied and assessed, categorising them based on the magnitude of the impact. In response to the risks with the most significant economic-financial impacts, Logista has begun to propose a series of mitigating measures to ensure that the residual risk is kept to a minimum.

Compliance with the remaining DNSH criteria (sustainable use and protection of water and marine resources; transition towards a circular economy; prevention and control of pollution, protection and recovery of biodiversity and ecosystems):

These DNSH criteria have been assessed by activity in the taxonomy. Specifically, with regard to the objectives of: “sustainable use and protection of water and marine resources” and “protection and recovery of biodiversity and ecosystems”, as indicated in Delegated Regulation 2021/2139, it is not appropriate to assess this DNSH criterion in any of the activities in the taxonomy indicated, given the characteristics of this type of economic activity. Consequently, the DNSH criteria in terms of the transition towards a circular economy and pollution prevention and control have been studied, reaching the conclusion that the activities assessed, which meet the criteria of substantial contribution that apply to them, also meet the applicable DNSH criteria.

In particular, with regard to CCM activity 5.5. “Collection and transport of non-hazardous waste in source segregated fractions”, it has been ensured that the waste collected in this activity is not mixed with other waste or materials with different properties.

Regarding activities CCM 6.5. “Transport by motorcycles, passenger cars and light commercial vehicles” and CCM 6.6. “Freight transport services by road”, in order to assess compliance with the DNSH criteria, it has been verified that the vehicles are approved for marketing in the European Union. In addition, it is assessed whether the tyres used comply with the requirements for external rolling noise and the coefficient of rolling resistance established in the corresponding technical criterion.

Regarding activity CCM 7.3. “Installation, maintenance and repair of energy efficiency equipment”, the compliance of the installed equipment with the RoHS directive and the REACH regulation has been assessed.

Regarding activities CCM 7.4. “Installation, maintenance and repair of electric vehicle charging stations in buildings (and in parking spaces attached to buildings)” and CCM 7.6. “Installation, maintenance and repair of renewable energy technologies”, none of the DNSH criteria need to be assessed except for the climate change adaptation criteria, so these activities comply with the technical application criteria.

Minimum Safeguards

This requirement involves demonstrating that the economic activity under evaluation is carried out in compliance with minimum social safeguards. To this end, it has been ensured that all procedures implemented by the company guarantee that our activities are carried out in accordance with the OECD Guidelines for Multinational Enterprises and the United Nations Guiding Principles on Business and Human Rights, including the principles and rights set out in the eight core conventions referred to in the International Labour Organization Declaration on Fundamental Principles and Rights at Work, and the International Bill of Human Rights (as indicated in Article 18 of Regulation 2020/852).

To assess compliance with the minimum safeguards, we have conducted an analysis of the policies and procedures implemented at Logista, analysing the four dimensions into which the requirement is divided: (1) human rights, including labour rights; (2) corruption and bribery; (3) taxation and (4) fair competition.

In relation to human rights, including the labour rights of workers, Logista has a code of conduct, a human rights policy, a supply chain due diligence policy on human rights and the environment, which demonstrate the Company’s commitment to human rights and establish the criteria and procedures to be followed to ensure respect for them, and has also established the general principles of supplier behaviour, in order to implement respect for Human Rights in all of the group’s suppliers.

In addition, we have a reporting channel operating through a secure platform that can be accessed from the corporate website, or also by email and post, through which all employees, managers, or authorized third parties (suppliers, clients, subcontractors, former employees, etc.) can confidentially and anonymously report any possible irregularity, non-compliance or behavior contrary to Logista’s ethical principles and values. This channel also has its own policy that has been designed to harmonize it with the standard on the reporting channel management system: UNE-ISO 37002:2021, as well as the requirements of Law 2/2023, of February 20, regulating the protection of people who report regulatory violations and the fight against corruption. In addition, in accordance with Logista’s training plan, employees receive training on respect for human rights.

On the other hand, Logista carries out an analysis and evaluates the human rights risks in its own operations. We have incorporated a tool that allows us to evaluate these risks in suppliers and third parties as an initial phase of the due diligence process, which is being developed during this fiscal year. This tool allows us to carry out a screening of the potential impact of risks on human rights. In this way, it facilitates the development of action and monitoring plans, potentially being useful for the development of impact management plans in the next fiscal years.

In terms of the fight against corruption and bribery, we have an anti-corruption policy, which establishes a series of general rules of conduct to prevent it, including guidelines in relations with business partners. At the level of internal control, the board of directors determines the risk control and management policy, from which we articulate a robust and proven internal control system, aimed at preventing criminal conduct, including the crimes of corruption, bribery and money laundering. Additionally, the compliance committee carries out the tasks of supervising and controlling the operation of the compliance system developed by Logista. Regarding the awareness- raising work carried out, Logista regularly trains its professionals in the prevention of money laundering and terrorist financing.

In terms of taxes, we have developed a high level of control in this area and we have the certification of the tax compliance management system, UNE 19602:2019. We recently updated Logista’s tax policies to incorporate aspects derived from regulatory changes. In addition, we regularly submit a Transparency Report to the Spanish Tax Agency.

Finally, in terms of fair competition, the group has developed a compliance programme in relation to the defence of competition, in accordance with the guidelines established in the Guide on compliance programmes in relation to competition rules of the National Commission of Markets and Competition (CNMC), dated June 10, 2020, and Standard UNE 19603:2023, on compliance management systems in the area of free competition of the Spanish Association for Standardization, dated November 22, 2023. As a main element of this programme, Logista has approved a competition policy. In addition, training programmes have been carried out for employees, including specific sessions for managers and the Management Committee. Additionally, a matrix of specific risks in terms of competition has been developed, and controls have been designed regarding these risks.

Furthermore, Logista has verified that there is no ongoing litigation against Logista that could constitute a violation of any of the areas indicated in the framework of minimum safeguards (human rights, corruption and bribery, taxation and fair competition).

Regarding the year-on-year evolution of the data, there is an increase in the alignment percentages, as a result of recognizing revenues from the “Green Boxes” system. In addition, there is an increase in the eligibility percentages, which is a consequence of the greater importance of logistic activities in the Group’s income after the acquisition of Transportes El Mosca and Carbó Collbatallé. The increase in the eligibility percentage is also influenced by the entry of a new income-generating activity: CE 5.5. “Product as a service and other circular service models oriented towards use and results”.

Additional information:

Given the particularities of Logista’s business, most of our revenues are derived from the sale and purchase of the products we supply, as a wholesaler, to tobacconists and other convenience stores. Consequently, in order to provide additional information that will help the reader to evaluate Logista’s performance compared to companies that are exclusively dedicated to transport and logistics without intermediating in the purchase and sale of products, we propose to use the gross profit as figure of reference, due to the gross profit excludes from ordinary revenues the procurement item, which is the result of Logista’s activity as a wholesaler. According to this, we report that the eligible gross profit is a 7.5%, and the aligned gross profit is a 0.1% in the fiscal year 2024 (vs. 4.5% and 0.002%, respectively, in the financial year 2023).

The gross profit is also called economic sales in this report, because it is a nomenclature that Logista uses for this variable.

The result obtained is consistent with the type of operating expenses incurred by the group and with the relevance of procurement expenses compared to other operating expenses.

Consequently, and considering the provisions of section 1.1.3.2 of Annex I of the Delegated Regulation of July 6, 2021, we report the numerator of the OpEx key indicator (OpEx KPI) equal to zero.