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.

Up to the end of the reporting year, we had already reduced absolute Scope 1 emissions by 159,493 metric tons compared to 2019, our base year, corresponding to a 43% reduction. Taking into account our increased sales, we have reduced Scope 1 intensity by no less than 52% compared to 2019. We achieved this significant reduction through extensive project-level and Group-wide initiatives. Action taken to increase the efficiency of machinery, equipment, and processes has led to significant energy savings. We have also cut emissions by phasing in the use of alternative fuels (such as HVO). Switching from fossil fueled to electric (and in some cases hybrid) vehicles and equipment has also reduced emissions. This means we are well on track and we expect to further reduce emissions and achieve our targets in the years ahead.