HOCHTIEF
ESRS disclosure: ESRS E1 \ DR E1-1 \ Paragraph 16 b
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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%
- Has your company established greenhouse gas emission reduction targets, and if so, are these targets disclosed in absolute terms (either in tonnes of CO2 equivalent or as a percentage of emissions from a base year) and, where applicable, in intensity value?
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Question Id: E1-4_17
The undertaking has established GHG emission reduction targets. For Scope 1 emissions, the target is at least a 20% reduction by 2025 relative to the 2019 base year and climate neutrality by 2038. The baseline is 371,597 t CO2e (100%). Up to the end of the reporting year, absolute Scope 1 emissions were reduced by 159,493 metric tons compared to 2019, corresponding to a 43% reduction. Scope 1 intensity was reduced by no less than 52% compared to 2019.
Report Date: 4Q2024Relevance: 95%