5.4. Impact of climate issues on the Group operations
The Group has not identified any major impact of the climate action agenda, aimed at achieving climate neutrality in compliance with Regulation (EU) 2021/1119 of the European Parliament and of the Council of 30 June 2021 establishing the framework for achieving climate neutrality and amending Regulations (EC) No 401/2009 and (EU) 2018/1999 (‘European Climate Law’), at the current and foreseeable future operations of the Group.
Specifically, the 2023 Budget and the 2025 Strategy of the Group do not provide for a major impact of climate issues on the business run by the Group.
The Group neither directly owns assets for which there would be a duty to redeem CO2 emission allowances, nor has been imposed with a duty to reduce its carbon footprint. The Group does not possess its own sources of electric energy or gas, either.
All property, plant and equipment comply with environmental requirements, both the currently binding ones and those expected in the future. The Group has not currently identified any requirement that would be imposed on it by the EU regulations (including the one referred to above) to invest in or modernise the possessed assets.
The impact of environmental risks on the financial data disclosed in these statements has been presented in note 36.6.