HOCHTIEF
ESRS disclosure: E1-8_02
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- Provide details regarding the type of internal carbon pricing scheme implemented by your company, as stipulated in Disclosure Requirement E1-8. This should encompass any shadow prices utilized for capital expenditure (CapEX) or research and development (R&D) investment decision-making, as well as any internal carbon fees or funds in place.
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Question Id: E1-8_02
We do not yet have internal carbon pricing. We took preliminary steps toward developing such a carbon price in the reporting year. We have developed an initial approach that has not yet been implemented but is currently being tested and analyzed. The aim is to create an effective system in the future that helps cut carbon emissions across all project phases while remaining cost-effective. Our experience in pilot projects to date shows that incorporating an internal carbon price into the subcontracting award process is a useful approach. Initial successes with taking subcontractors’ carbon footprint into account in a pilot project encourage us to take this approach further. It creates incentives for our subcontractors to develop and implement innovative and low-emission solutions.
Report Date: 4Q2024Relevance: 50%