Beyond this, no company-specific IROs were identified that exceed the topics stipulated by the ESRS. The current and anticipated financial effects of our material IROs on our business model, value chain, strategy and decision-making are described in the topic-specific chapters.
With regard to the identified material risks and opportunities, there were no events in the reporting year that led to significant effects on our results of operations, financial positions, net assets and liquidity beyond the provisions to environmental protection reported under E2. We do not expect any significant change in the next reporting period.
Changes to the materiality analysis resulted from the change in reporting framework. In previous years, we applied the Global Reporting Initiative (GRI) standard for our materiality analysis. Our 2024 materiality analysis has been conducted in accordance with the ESRS. In contrast to the GRI, the ESRS requirements stipulate that the materiality analysis must also consider financial materiality (double materiality). Another difference is that the ESRS provide a more detailed list of sustainability matters in greater detail to be considered in the analysis. For example, we identified material IROs for substances of concern. Another change compared to the previous year is that no material IROs were identified for the topics of compliance management, responsible interactions with health systems, bioethics and digital ethics, as well as innovation and technology. Therefore, we do not provide any information on these topics in this report.
Thanks to our robust business model with three business sectors operating in different markets and our clear positioning as a science and technology company, we are well positioned even in economically difficult times. In 2024, we updated our resilience analysis, focusing on climate risks and opportunities to ensure a comprehensive understanding of the challenges and prospects ahead. For details see E1.