After two years marked by an unprecedented global emergency due to the COVID-19 pandemic, a crisis of great magnitude erupted in 2022 with the invasion of Ukraine and the drastic reversal of the international geopolitical context, and all it subsequent consequences. From the perspective of social responsibility, Saba carries out actions to support the people and territories affected by the war.
In this framework of uncertainty we find variables with a significant economic impact, such as high inflation, the increase in the cost of supplies and raw materials, the cost of energy and the increase in interest rates. In this sense, Saba is attentive to monetary and fiscal policies and to the adjustment and stability measures that are adopted and that serve to constantly monitor the impact, both financial and non-financial, of these factors.
As an example of Saba's proactive approach, actions are developed with the aim of reducing the risks posed by high energy prices. In recent years, the Group has been able to safeguard against volatility and contain increases thanks to the policy of electricity purchases in futures markets, thus ensuring greater stability. For the coming years, work will be done to minimise price volatility.
