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Aciturri's Sustainability Report 2022 is a comprehensive review of the company's economic, environmental and social performance and results.

This document, the Aciturri Sustainability Report 2022, is a comprehensive review of the company's economic, environmental and social performance and results. It covers the period from January 1 to December 31, 2022 (consistent with the financial report), and is the sixth to be published (annually, since 2017).

This report was drawn up in accordance with the GRI Standards, a key aspect to us. We also took into account at all times the provisions under Law 11/2018, of December 28, an amendment to the Code of Commerce. This revised text of the Capital Corporations Act was approved by Royal Legislative Decree 1/2010, of July 2, and Law 22/2015, of July 20, on accounts auditing regarding non-financial information and diversity. This means that this report is also the company’s Non-financial Information Statement for 2022.

This document on non-financial statements was included as a separate item on the agenda for its approval by the Board of Directors, held last March 31, 2023. It will be made public after its filing with the Commercial Registry, together with the annual accounts (as of July 1, 2023).

The most significant change compared to the 2021 Sustainability Report is the corporate reorganization and the acquisition of Malichaud Atlantique.

The entities included in this Sustainability Report are Aciturri Aeronáutica, S.L.U., Aciturri Aerostructures, S.L.U., Aciturri Engineering, S.L.U., and Aciturri Aeroengines, S.L.U. As the parent company, Aciturri Aeronáutica, S.L.U. wholly owns the others.

There are other companies related to Aciturri Aeronáutica; namely, Caetano Aeronautic, S.A., owned at 50%; Payload Aerospace, S.L., owned at 15.39%; and Bound 4 Blue S.L., owned at 3.18%. All of them are independent organizations, in whose management Aciturri is not involved. This is why this report includes no information about them, unless otherwise specified.

Likewise, this document includes no information about Alestis Aerospace, S.L. because this company and Aciturri Aeronáutica, S.L.U. keep their own management and governing bodies each company has its own Board of Directors. Therefore, Alestis Aerospace, S.L. has its own independent report.

Neither does it include information on the French company Malichaud Atlantique, acquired on November 21, 2022, given its recent incorporation (it is considered that the non-financial information it may provide is not significant for Aciturri's non-financial indicators).

Nacho Fernandez, Head of Communications and CSR at Aciturri, is the contact person for questions about this document (This email address is being protected from spambots. You need JavaScript enabled to view it.).

The most significant change in relation to the 2021 Sustainability Report in the organization's activities and value chain is the corporate reorganization (merger of the companies Aciturri Aerostructures, S.L.U. -absorbing company-, Aciturri Assembly, S.A.U., Aciturri Additive Manufacturing, S.L.U. and Aciturri Getafe S.L.U. -absorbed companies-), as well as the acquisition of Malichaud Atlantique.

The contents of this report (and the previous ones presented by the company) have been selected based on the stakeholders’ principles of inclusion, sustainability context, materiality and thoroughness. We started compiling the content with two things in mind—the analyses the company had carried out among stakeholders, as well as their needs and expectations (dialogue model with these interest groups); and the commitments we took on as signatories of the United Nations Global Compact.

There are other companies related to Aciturri Aeronáutica: Caetano Aeronautic, Payload Aerospace and Bound 4 Blue. All of them are independent organizations, in whose management Aciturri is not involved.

On this basis few members of the organization were selected to represent stakeholders in the 2017 report. The specific group was chosen on account of their ongoing dialogue with those same stakeholders. These people individually assessed the relevance of the economic, environmental and social impact of each of the topics proposed by the GRI Standards, and also how much influence these three aspects have on the stakeholders’ evaluations and decisions. 51
For the 2020 report, this analysis was completed, and the concept of risk management was introduced. This way, the impact assessment (consequences × probability) is modified, and adds value thanks to the company’s risk management on each area.

From that moment on, and on an annual basis, a new review of the matrix is carried out, from the risk management point of view. The materiality matrix for 2022 is shown in the image.

51. Standard 207 (taxation) was not assessed at the time because it had not been published yet, and although its impact on the organization and its influence on stakeholders don’t justify its relevance for the organization at the present time, information on this topic is reported in this report (see GRI 207-4).

Materiality Matrix

The material issues are those that appear on the graph above the curve. They are listed below. There have been no changes with respect to the 2021 Sustainability Report.

Economic standards

  • 1
    Economic performance
  • 2
    Market presence
  • 3
    Indirect economic impacts
  • 4
    Procurement practices
  • 5
  • 6
    Anti-competitive behavior
  • 7
    Water & effluents
  • 8

Environmental standards

  • 9
  • 10
  • 11
  • 12
    Effluents and waste
  • 13
    Environmental compliance
  • 14
    Supplier environmental assessment

Social standards

  • 15
    Occupational health and safety
  • 16
    Training and education
  • 17
    Diversity and equal opportunity
  • 18
  • 19
    Freedom of association and collective bargaining
  • 20
    Local communities
  • 21
    Supplier social assessment
  • 22
    Customer health and safety
  • 23
    Marketing and labeling
  • 24
    Customer privacy
  • 25
    Socioeconomic compliance
  • 26
  • 27
    Labor/Management relations
  • 28
    Human rights assessment
  • 29
    Public policy
  • 30
    Occupational health and safety
  • 31
    Forced or compulsory labor
  • 32
    Rights of indigenous people

This document has been externally verified, by an independent third party, with respect to the contents required by Law 11/2018, of December 28, but not with respect to GRI, by decision of the company's Management. The verification report is presented in Annex I of this document.