Double materiality assessment

We conducted a double materiality assessment, evaluating impacts, risks, and opportunities to better understand which sustainability topics are most relevant to our business and stakeholders. The Double Materiality Assessment was carried out in accordance with the steps recommended in the EU Voluntary

Sustainability Reporting Standard for Small and Medium-sized Enterprises (VSME*).

The assessment covered two dimensions:

• Impact materiality, where Qufora has significant actual or potential impacts on people and the environment; and
• Financial materiality, where ESG topics may influence our business performance, risks, or opportunities.

The process followed the following steps:

• Mapping Qufora’s business model and value chain
• Stakeholder assessment
• Identification of ESG topics over time, the value chain, and stakeholder perspectives
• Prioritisation and rating of identified impacts, risks, and opportunities

The process involved cross-functional collaboration, stakeholder analysis, and input from external experts. It resulted in a clear materiality map that outlines our key ESG priorities.

This analysis not only sharpens our focus – it supports risk management, enhances transparency, and helps integrate sustainability into core business decisions. It also aligns with the expectations of our investors and partners, including Impilo, who place emphasis on structured ESG governance and long-term value creation.