COINDU | Sustainability Report 2023

Materiality assessment Materiality analysis is a crucial step in creating a comprehensive sustainability report aligned with the Global Reporting Initiative (GRI) Standards. To ensure that sustainability reporting achieves its pur- pose, COINDU carried out a materiality analysis with the support of an external consultancy team. A materiality assessment is a process in which the ESG topics and identified and prioritized based on the most significant risks and op- portunities to our business. The process began with an analysis of the COINDU context and cur- rent and potential impacts. The analysis of the organization’s context considered the activities performed, business relationships, its sus- tainability context and stakeholders. 7. Materiality assessment Selection of the most relevant topics for the organization 1. Context 2. Identification and classification of topics and type of impact(s) 3. Significance Assessment 4. Material topics · Comprehending COINDU context, including its industry, stakeholders, and business environment · List of topics · Type of impacts · Assessing the dimension(s) in wich the impact(s) occur · Topic assessement based on impact(s) severity, likelihood and risk · Priorization of topics based on the signifi - cance assessment 66