HOCHTIEF
ESRS disclosure: ESRS E1 \ DR E1-3 \ Paragraph AR19d
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- Provide a detailed account of the decarbonisation levers identified and the key actions planned within your transition plan for climate change mitigation. This should include references to your GHG emission reduction targets and climate change mitigation actions, as specified in Disclosure Requirements E1-4 and E1-3. Additionally, elucidate any changes anticipated in your product and service portfolio, as well as the adoption of new technologies within your operations or across the upstream and/or downstream value chain.
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Question Id: E1-1_03
Following on from the annual reporting of our Scope 1 and 2 as well as selected Scope 3 emissions, 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.
Report Date: 4Q2024Relevance: 85%
- Provide detailed information on the type of adaptation solutions implemented by your company in response to climate change policies, as specified under Disclosure Requirements E1-3. Indicate whether these solutions are nature-based, engineering, or technological. Additionally, clarify if the anticipated financial effects from material physical and transition risks, as well as potential climate-related opportunities, are quantified, ensuring compliance with the qualitative characteristics outlined in ESRS 1 Appendix B.
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Question Id: E1-3_02
Collaboration with clients and business partners is essential for implementing sustainability measures. This includes proposing project-specific, low-emission solutions, promoting sustainable design, and increasing the proportion of projects with early contractor involvement. The collaboration drives the transformation of the construction and infrastructure sector toward greater sustainability. Measures include promotion of sustainable design, circular design, project certification, and sustainable travel solutions.
Report Date: 4Q2024Relevance: 50%