Artículo 3.7. PS 1 Paragraph 3.7

An entity’s management commentary provides management’s perspective of the factors—including sustainability-related factors—that have affected the entity’s financial performance or financial position, or that could affect the entity’s ability to create value and generate cash flows in the future: (a) the information in management commentary derives from information used by management—for example, metrics management uses to monitor aspects of the entity’s performance and position; (b) management commentary focuses on key matters identified by management, and management applies its judgement to identify information about these matters that is material to users; and (c) the insights provided about the causes or implications of a matter reflect management’s views of these causes or implications.