sociated with transition variables, and based on the various scenarios mentioned above in combination with the various factors involved in the iden tification of risks (e.g. the competitive landscape, the long-term outlook for the industry, materiality analyses, etc.), we analyzed the trends in the following driv ers and related potential risks and oppor tunities: (i) prioritizing the phenomena of greatest relevance in terms of climate change; (ii) distinguishing between the short term (less than term (3-5 years), and long term (beyond 5 years); and (iii) connecting these driv ers to the TCFD recommendations for the classification of risks and opportu nities.