If climate change is deemed not material and ESRS E1 disclosures are omitted, provide a detailed explanation of the materiality assessment conclusions, including a forward-looking analysis of conditions that may make climate change material in the future.

If the company has determined that climate change (ESRS E1) is not material, it must provide a clear and justified explanation based on the materiality assessment process. The explanation should include: Assessment Methodology: Describe the criteria and process used to evaluate the materiality of climate-related impacts, risks, and opportunities. Specify whether both impact materiality (effects on people/environment) and financial materiality (effects on business) were assessed. Findings of the Materiality Assessment: Explain why climate change is not considered a material issue for the company. Provide evidence that climate risks do not significantly impact the company’s: Business model & value chain. Financial position, performance, or cash flows. Regulatory obligations. Stakeholder concerns. Industry & Operational Context: Clarify if the company's sector, geographical location, or business activities have a low exposure to climate risks (e.g., minimal greenhouse gas emissions, low energy dependence, absence of climate-related financial risks). Stakeholder Input & Due Diligence: Indicate whether stakeholder engagement (e.g., investors, regulators, customers) and external assessments supported the conclusion that climate change is not material. Periodic Review & Reassessment: Confirm whether climate materiality will be regularly reassessed (e.g., annually) and specify any triggers that might lead to a reassessment (e.g., regulatory changes, market shifts). Important Considerations: If a negative materiality assessment for ESRS E1 is disclosed, the company must clearly demonstrate that climate change does not present a significant risk or opportunity. A company with low direct exposure may still need to consider indirect risks (e.g., supply chain, regulatory, reputational). If climate risks could become material in the future, a statement on future monitoring efforts should be included. https://xbrl.efrag.org/e-esrs/esrs-set1-2023.html#721