The document does not provide a detailed account of the extent to which the sustainability statement encompasses the undertaking's upstream and downstream value chain.

Our double materiality assessment identified material impacts, risks, and opportunities (IROs) at Group level and across our entire business activities. Some of the IROs identified cover all stages of the value chain, from upstream procurement of construction materials to the company’s own operations and downstream activities. The material IROs confirm and reinforce HOCHTIEF’s strategic priorities. Even before carrying out the double materiality assessment, our strategy was already geared to promoting sustainable construction and infrastructure projects wherever possible, integrating high environmental and social standards ever more closely into our daily work, and developing innovative solutions to construction challenges.