The actions in the transition plan can be thematically assigned to four main decarbonization levers: Cooperation with Clients and Partners, Low emission construction materials, Increasing Efficiency and Effectivity, and Renewable Energy. These actions address HOCHTIEF’s main emission sources and pave the way for continuous reduction of GHG emissions in all scope categories. Responsibility for implementation lies with the operational units, and progress is tracked against targets. The actions extend across all business activities and apply to all operating regions.

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.