HOCHTIEF
ESRS disclosure: ESRS ESRS 2 \ DR BP-2 \ Paragraph 17 b
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- Has your company, with an average of fewer than 750 employees during the financial year, opted to omit information as per Appendix C of ESRS 1 regarding ESRS E4, ESRS S1, ESRS S2, ESRS S3, or ESRS S4? If so, confirm whether these sustainability topics have been deemed material following your materiality assessment. For each topic identified as material, provide a concise description of any time-bound targets established, the progress made towards these targets, and specify if the targets related to biodiversity and ecosystems are grounded in conclusive scientific evidence.
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Question Id: BP-2_24
Following on from the annual reporting of our Scope 1 and 2 as well as selected Scope 3 emissions (3.1 Purchased products and services, 3.5 Waste generated in operations, and 3.6 Business travel) and publication of the first TCFD paper, we devised and rolled out the HOCHTIEF Sustainability Plan 2025 Group-wide in 2022. In this plan, alongside targets for all ESG dimensions, we notably formulated our climate targets and consolidated our Group-wide commitment to climate neutrality (net zero) by 2045. The reduction targets are science-based, align with the 1.5 degree target under the Paris Climate Agreement and the requirements of the Science Based Targets initiative (SBTi), and have been formally adopted by the HOCHTIEF Executive Board. Our climate change mitigation strategy and the associated transition plan are based on these commitments and the additional milestones set in 2023 for 2030.
Report Date: 4Q2024Relevance: 30%