Company: GIFLF
Filing Date: 2025-02-26
Form Type: 6-K
Source: 0001104659-25-017501
Chunk: 51

Company: Grifols SA
Filing Date: 2025-02-26
Form: 6-K
Chunk 51
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 and intensity of heavy rainfall and flooding, and reduced water availability in 
 operations and the supply chain.                                                
 Climate change adaptation                                                       
 measures                                                                        
 The first and most critical step is the analysis and identification of          
 climate-related physical risks that could impact Grifols. As outlined at the    
 beginning of this section, the company conducts an annual Climate Risk and      
 Opportunity Analysis. In collaboration with insurers, Grifols also conducts     
 periodic assessments of its key assets to identify adaptation measures          
 that enhance the resilience of its most critical infrastructure. In turn, this  
 approach reinforces the climate resilience of Grifols’ business model.          
 In line with its internal risk management procedures, Grifols diversifies its   
 production sites, establishes contingency and emergency plans, selects          
 durable materials and designs new facilities to ensure its infrastructure       
 is well prepared for extreme weather events, including strong winds and         
 flooding.                                                                       
 For example, Grifols’ production plant in Barcelona is located near a river.    
 While there is no historical record of flooding at the site and its probability 
 remains low, Grifols has taken preventive measures to mitigate any potential    
 impact. Similarly, in the United States, the company has reinforced roof        
 structures in facilities vulnerable to high winds.                              
 Additionally, when selecting locations for new facilities, Grifols prioritizes  
 geographic areas that are less exposed to natural hazards, reducing the         
 risk of flooding and other physical climate-related threats. The company’s      
 Environmental Program also includes additional adaptation measures to           
 further enhance its resilience to climate-related risks.                        
 More information on the achievement of targets set in                           
 environmental programs: “Climate Change Mitigation” section.                    
 Climate change                                                                  
 mitigation                                                                      
 The key risks associated with climate change mitigation align with the          
 transition risks identified in the Climate Risk and Opportunity Analysis.       
 Specifically, six material risks were recognized: failure to meet greenhouse    
 gas (GHG) reduction targets; the need to implement changes in water             
 management within operations; changes in regulatory and reputational            
 requirements for emissions reduction; the transition to low-emission            
 technologies; suppliers failing to meet the company’s climate targets; the      
 need to implement changes in waste management within operations; and            
 increased costs associated with the corporate carbon footprint.                 
 Mitigation efforts focused on the following points to ensure alignment of       
 Grifols’ strategy and business model with the transition to a sustainable       
 economy, as well as the Paris Agreement’s goal of limiting global warming to    
 1.5°C and achieving climate neutrality by 205