HOCHTIEF
ESRS disclosure
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- Provide a detailed account of the process your organization employs to establish targets concerning the management of material negative impacts, the promotion of positive impacts, and the handling of material risks and opportunities. Specify whether and how your organization has engaged directly with consumers and/or end-users, their legitimate representatives, or credible proxies with insight into their situation. Additionally, when disclosing targets related to consumers and/or end-users, elucidate on the stability of these targets over time, particularly in terms of definitions and methodologies, to ensure comparability.
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Question Id: S4-5_05
For HOCHTIEF, consumers are not a relevant group for ESRS purposes. For the purposes of the ESRS sustainability reporting requirements, we consider the relevant group of end-users to be those who use our projects after completion. Depending on the project, end-users may already come into contact with the end product during the construction phase.
Report Date: 4Q2024Relevance: 30%
- Provide a detailed account of the process your organization employs to establish targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities. Specify whether and how your organization has engaged directly with consumers, end-users, their legitimate representatives, or credible proxies with insight into their situation. Additionally, clearly define the standards or commitments upon which these targets are based, such as codes of conduct, sourcing policies, global frameworks, or industry codes.
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Question Id: S4-5_06
Our fundamental approach as well as the management of impacts relating to end-users are contained in the following cross-cutting HOCHTIEF Group directives:
- Occupational Safety, Health, Environmental and Climate Protection: stipulates responsibilities and requirements for occupational safety, health as well as environmental and climate protection for HOCHTIEF Aktiengesellschaft. This directive provides the basis for occupational health and safety. Its requirements apply from the design phase onward and hence also relate to construction site safety.
- Management systems at operating companies: these include stipulations regarding construction site safety and thus also include material impact S4-NI1 in relation to end-users.
- Human Rights Governance: specifies obligations to respect and monitor human rights and stipulates efforts to actively prevent human rights violations by means of due diligence processes.
Report Date: 4Q2024Relevance: 60%
- Has the undertaking ensured that all consumers and end-users who are likely to be materially impacted by its operations, value chain, products, services, and business relationships are included within the scope of disclosure under ESRS 2 SBM-3, in accordance with paragraph 48? Furthermore, provide the additional information required under this disclosure requirement.
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Question Id: S4.SBM-3_01
For HOCHTIEF, consumers are not a relevant group for ESRS purposes. The relevant group of end-users may include people who are especially vulnerable to health effects—due to a mobility impairment, for example.
Report Date: 4Q2024Relevance: 50%
- Provide a comprehensive account of whether all consumers and/or end-users potentially subject to material impacts by your undertaking, including those affected through your operations, value chain, products, services, and business relationships, are encompassed within the scope of your disclosure under ESRS 2. Additionally, furnish a succinct description of the types of consumers and/or end-users experiencing material impacts due to your operations or value chain, and specify their characteristics.
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Question Id: S4.SBM-3_02
For HOCHTIEF, consumers are not a relevant group for ESRS purposes. The relevant group of end-users may include people who are especially vulnerable to health effects—due to a mobility impairment, for example.
Report Date: 4Q2024Relevance: 50%
- Does the undertaking include all consumers and/or end-users likely to be materially impacted by its operations, products, services, or business relationships within the scope of its disclosure under ESRS 2? Additionally, provide a brief description of the types of consumers and/or end-users subject to material impacts by the undertaking's own operations or through its value chain, specifying their characteristics.
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Question Id: S4.SBM-3_03
For HOCHTIEF, consumers are not a relevant group for ESRS purposes. The relevant group of end-users may include people who are especially vulnerable to health effects—due to a mobility impairment, for example.
Report Date: 4Q2024Relevance: 60%
- Has the undertaking disclosed whether all consumers and/or end-users likely to be materially impacted by its operations, value chain, products, services, or business relationships are included within the scope of its disclosure under ESRS 2? Furthermore, in cases of material negative impacts, has the undertaking specified whether these impacts are widespread or systemic in the contexts where its products or services are sold or provided, or if they are related to individual incidents or specific business relationships?
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Question Id: S4.SBM-3_04
The material impacts were identified in the materiality assessment for 2024 conducted by HOCHTIEF in accordance with the double materiality principle. Unsecured construction sites can have negative impacts on the safety of persons near construction sites.
Report Date: 4Q2024Relevance: 40%
- Has the undertaking developed an understanding of how consumers and/or end-users with specific characteristics, or those utilizing particular products or services, may be at an increased risk of harm, as outlined in the materiality assessment of ESRS 2 IRO-1? Please disclose whether and how this understanding has been achieved, in accordance with ESRS 2 SBM-3 regarding material impacts, risks, and opportunities and their interaction with the strategy and business model.
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Question Id: S4.SBM-3_07
The relevant group of end-users may include people who are especially vulnerable to health effects—due to a mobility impairment, for example.
Report Date: 4Q2024Relevance: 60%
- Identify and disclose any material risks and opportunities that arise from impacts and dependencies on consumers and end-users, specifying if these relate to particular groups of consumers or end-users, such as specific age demographics, rather than the general consumer base.
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Question Id: S4.SBM-3_08
Unsecured construction sites can have negative impacts on the safety of persons near construction sites.
Report Date: 4Q2024Relevance: 20%
- Provide a detailed description of the significant groups of products and/or services offered by your company, including any changes in the reporting period such as new or removed products and/or services, as part of the key elements of your general strategy that relate to or affect sustainability matters.
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Question Id: SBM-1_01
HOCHTIEF is an engineering-led global infrastructure solutions provider with leading positions in North America, Australia, and Europe. The company offers services in construction management for non-residential buildings, construction of transportation and supply infrastructure, transportation infrastructure, maintenance services, building construction and civil engineering, toll road operation, and services for natural resources. In 2024, HOCHTIEF introduced a new organizational structure with segments: Turner, CIMIC, Engineering and Construction, and Abertis. This change aims to enhance transparency and align with strategic priorities.
Report Date: 4Q2024Relevance: 85%
- Provide a detailed description of the significant markets and/or customer groups your company serves, including any changes that occurred during the reporting period, such as new or removed markets and/or customer groups. This information should align with the key elements of your general strategy that relate to or affect sustainability matters, as per Disclosure Requirement SBM-1 concerning Strategy, Business Model, and Value Chain.
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Question Id: SBM-1_02
HOCHTIEF serves markets in North America, Australia, and Europe, with a focus on non-residential building construction in the United States, infrastructure construction in Australia and New Zealand, and civil engineering in Europe. The company is expanding its presence in strategic growth sectors like advanced technology, energy transition, and sustainable infrastructure. Turner's market includes the United States, with a focus on manufacturing, healthcare, education, and transportation. CIMIC operates largely in Australia and New Zealand, with selective presence in Southeast Asia. Engineering and Construction serves Europe and the U.S., focusing on civil infrastructure. Abertis focuses on toll road concessions globally.
Report Date: 4Q2024Relevance: 85%