Logista’s risk management system includes climate change among its environmental risk, and no relevant environmental risks have been identified as of the date of this report, excluding the climatic risks detailed in the table below.

Climate change risks are prioritized according to the methodology described in the risk management section of the corporate governance chapter. For climate change risks, in general, a period of between 5 and 7 years is considered, since, for longer periods, there is greater uncertainty; although depending on the type of risk to be assessed, a longer period may be considered. The process of prioritization of climate-related risks follows the same phases as the company’s risk management process, although taking into consideration the casuistry and particularities of the TCFD recommendations.

For the evaluation of opportunities, a proprietary methodology has been developed, taking the risk assessment as a reference and adapting it to assess the positive impacts on the company as a result of efforts to mitigate and adapt to climate change.

The criteria used to determine the impact of the opportunities are economic, reputational, strategic context and environmental improvement.

After examining the physical risks and climate- related transition risks, a total of 24 inherent physical risks and 16 inherent transition risks with a potential impact for Logista were identified. Following their assessment, 3 significant inherent risks have been identified (detailed in the table below) but no residual physical or transitional risks were found to be significant.

With respect to opportunities, 18 opportunities have been identified, 3 of which stand out for their highest significance value. The significance of an opportunity is defined by its positive impact and its ability to be implemented within the company.

We continually work to reduce emissions by optimising routes and renewing transport fleet agreements, including efficiency criteria, promoting a gradual increase in the number of more eco-friendly vehicles in the fleet and acquiring vehicles with greener credentials and promoting the use of biofuels.

In this regard, in 2024, we have seven electric trucks for the long-distance transport. In addition, Nacex has electric vehicles for the last mile distribution segment.

In particular, we set ourselves the target of increasing to 90% the distance travelled (km) by low-emission vehicles during the period 2024-206 (vehicles with Euro 6 motor managed by the main transport businesses of Logista; Logista Freight, Logista Parcel, Nacex, Transportes El Mosca y Carbó Collbatallé).

For this reason, we promote the fleet renewal towards more efficient and less contaminating vehicles, such as mega trucks or duo-trailers for long distances or electric vehicle for last mile distribution. We work in different lines of action such as promoting intermodal transportation through the combined use of rail corridors and road transport, having acquired specific adaptable semi-trailers through Logista Freight. Furthermore, there is a compromise within Logista to increase the consumption of biofuels in its transport businesses favouring the reduction of CO₂e emissions. We have also launched initiatives to optimise transport routes, with which we hope to achieve significant reductions in the number of kilometres travelled in the next financial year.

In terms of energy consumption, we foster the use of renewable energy in all of Logista’s facilities.

Additionally, the measures taken to improve energy efficiency, and the use of renewable energy also help reduce greenhouse gas emissions.

We continue to monitor our emissions reduction indicator within the framework of the Science- Based Target (SBTi) initiative, to which Logista is a member with an objective aligned with keeping the global average temperature below 2oC degrees based on the GEVA methodology (Greenhouse Emissions per Unit of Added Value).

This indicator shows the overall performance of Logista’s emissions because it considers scope 1 (which includes transport activities with operational control), scope 2 (which includes imported energy) and scope 3 (which include all emissions related to transport activities without operational control: upstream and downstream emissions), as well as emissions from franchise transport.

We have considered CDP recommendations concerning year-on-year reduction and have set an annual emissions reduction target of 2.1% in relative terms. The result is an overall target that accounts for and includes 98% of all Logista’s emissions (considering scopes 1+2+3). To calculate the reduction in emissions, a relative ratio is used in accordance with the GEVA method, based on the value added and the kilometres travelled. The formula for this ratio is as follows:

Setting a target in relative terms is in line with the organic and inorganic growth strategy pursued by the company. The connection between total emissions in absolute terms (the numerator in this indicator) and the increase in the company’s activity (denominator) is drawn using two variables, one financial and one operational. Bearing in mind that around 97% of Logista’s emissions come from transportation processes, we have chosen the number of kilometres travelled as the operating variable. Under the methodology described, during the year 2024 a reduction of 8% was achieved, reaching an ERI of 0.83, compared to the year 2023 which registered an ERI of 0.90. The initial emission reduction index for the year 2013 was a total of 1.51. This figure includes the acquisitions made in 2023, recalculating accordingly 2023’s figure.

We are carrying out various action plans aimed at reducing the amount of fuel and energy used, such as optimising routes, upgrading fleets, optimization of existing infrastructure based on volumes, setting local targets and reduction initiatives at our main warehouses, implementing energy efficiency criteria in both new and existing sites, etc.

We regularly conduct energy audits of our principal processes and at our main warehouses to identify and prioritise actions to reduce consumption.

Other actions undertaken to reduce energy consumption include, among others:

• All of our newly built facilities are LEED/ BREEAM certified. We have established a mandatory internal requirement that all new facilities are LEED/BREEAM certified, with a minimum efficiency classification of LEED silver or BREEAM Very Good.
• The continuous implementation of corporate and local projects (monitoring consumption, lighting replacements, improving insulation, updating equipment, etc.).

The warehouses in Spain, Italy, France and Portugal, and the main warehouses in Poland work on renewable energy with guarantee of origin certification or with low carbon electricity.

In 2024, our electricity consumption has decreased to 55,247 MWh⁵, with the purchase of renewable energy corresponding to 53,658 MWh. In 2023, we consumed 56,328 MWh⁶, of which 51,371 MWh corresponded to the purchase of renewable energy. This renewable energy consumption represents an estimated saving of 10,983 metric tons of CO₂e compared to conventional energy consumption, taking into account the different emission factors by country.

Electricity consumption

-2%

In relation to noise pollution, each of our facilities has been designed taking into account the levels established by environmental regulations. Light pollution is not significant, and as such we have made no specific arrangements for this aspect.

We are fully aware of how important it is to use resources efficiently. As such, we compile and analyse information about water consumption, waste and about the materials ⁷that are most relevant for Logista.

As for raw materials^11,12,13 consumed, the following are the main materials, and their quantities consumed:

Some of the efficiencies made to improve the use of raw materials include the recovery of reusable cardboard boxes. The project was launched in Spain in 2012 and has been gradually rolled out to other areas and countries.

We have reduced waste and emissions produced by our operations through the use and recovery of reusable cardboard boxes in the tobacco and related business line, via a system already implemented at Logista’s centres in Spain, France, Italy and Portugal, and in its specialist express courier service for parcels and documents. Due to the nature of its operations, the main types of waste currently generated by the company are paper and cardboard, wood (pallets), municipal waste, plastics and oils, among others.