Disclosure Requirement related to ESRS 2 SBM-3 – Material impacts, risks and opportunities and their interaction with strategy and business model
As part of its sustainability strategy, VIG promotes the impact of strengthening trust and relationships with its stakeholders through environmental, social and cultural activities. This commitment not only strengthens the brand, but also effectively supports the VIG business model: Trust fosters customer loyalty, local presence strengthens market positions and responsible conduct supports sustainable growth. Further information – including on integrating the impact of “political influence and lobbying activities” into the strategy and business model – is described in ESRS 2 SBM-3 “Material impacts, risks and opportunities and their interaction with strategy and business model”.
Disclosure Requirement related to ESRS 2 IRO-1 – Description of the processes to identify and assess material impacts, risks and opportunities in business conduct
Over the course of several expert workshops, the topics under ESRS G1 “Business conduct” were analysed and assessed in order to identify and analyse the impacts, risks and opportunities of business activities as well as in the upstream and downstream value chain. The assessment was conducted on a consolidated basis for VIG based on, among other things, the comprehensive compliance management system.