HOCHTIEF
Construction & Engineering
Germany
ESRS disclosure: ESRS E1 \ DR E1-3 \ Paragraph AR21
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- Provide an explanation of how your company's greenhouse gas emission reduction targets align with the objective of limiting global warming to 1.5°C, as stipulated by the Paris Agreement, in accordance with Disclosure Requirement E1-1 regarding the transition plan for climate change mitigation.
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Question Id: E1-1_02
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.
Report Date: 4Q2024Relevance: 85%
- To what extent does your company's ability to implement actions related to climate change policies depend on the availability and allocation of resources? Provide an explanation in accordance with Disclosure Requirement E1-3, considering the ongoing access to finance and its impact on adjustments to supply/demand changes, acquisitions, and significant R&D investments.
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Question Id: E1-3_05
The actions in the transition plan are implemented in close collaboration with clients and stakeholders, with responsibility lying with operational units. Progress is tracked against targets, and continuous adjustments are anticipated due to market innovations and regulatory requirements. The actions apply to all business activities and regions.
Report Date: 4Q2024Relevance: 60%