The company discloses the aspects of its business operations that have a significant impact on sustainability issues and what material impact sustainability issues have on its operations. It analyses the positive and negative effects and provides information as to how these insights are integrated into the company’s processes.
Thematic areas and understanding of materiality
The definition of key areas of sustainability is subject to an annual internal and external review and evaluation with regard to business relevance, effects and stakeholder interests. Within the framework of our CR program, we derive concrete objectives for each of our six thematic areas. The thematic areas are
1. Compliance (goal: we aim to set standards)
2. Attractive working environment (goal: We aim to further strengthen our position as a sought-after employer and, over the long term, make a name for ourselves among the most attractive employers in the industry)
3. Procurement (goal: As a partner to subcontractors, we aim to redouble our efforts to ensure fair, transparent procurement processes and further step up purchases of sustainable products and materials)
4. Sustainable products and services (goal: We aim to develop sustainable products and services for transportation infrastructure, energy infrastructure, social and urban infrastructure, and mining. For this reason, we take an integrated approach to our projects and ensure top quality from end to end)
5. Active climate and resource protection (goal: We aim to conserve natural resources and enhance resource protection. We work actively to save CO2 emissions ourselves and jointly with our clients and business partners)
6. Corporate Citizenship (goal: We aim to get involved in the community wherever our company is at work or can offer added value by virtue of its capabilities.)2018 materiality analysis
In 2018, 1,655 contributions from external and internal stakeholders were evaluated using a web dialog. We established a relevance assessment and prioritized the focus areas for HOCHTIEF. Occupational safety and health, green building, resource conservation, and respect of human rights are highly relevant in terms of both their importance to HOCHTIEF and their impacts.
The results of the materiality analysis are presented in a matrix
. Further information can be found here
As a result of our business activities and significant international presence, HOCHTIEF has to contend with risks arising from regulatory changes, particularly in the areas of tax and environmental protection.
Such risks can affect our key performance indicators and impact our earnings situation, notably in the case of projects lasting several years. HOCHTIEF continuously monitors national and international regulatory initiatives as well as any potential resultant changes which could affect the company in the various markets.
We currently do not consider there to be any significant regulatory risks for HOCHTIEF and therefore classify the risk as low.
Opportunity and risk situation in the HOCHTIEF Group: Natural and scoial environment
Our business success is inextricably linked to environmental conditions. Construction projects in particular can be hindered by exceptional weather conditions. In this context, HOCHTIEF provides ongoing training and uses modern work tools and methods to ensure occupational safety. HOCHTIEF prevents long-term environmental and social risks through ongoing monitoring and consideration of possible effects.
The increasing number of legal requirements, for example with regard to emission values and energy efficiency, can lead to rising operating costs for HOCHTIEF. Given our resources and knowledge, which enable us to meet the increased requirements, we do not see any significant risk for HOCHTIEF here.
Climate risks are treated at HOCHTIEF as part of project risks, as they can arise from environmental influences during project work. These risks are evaluated and dealt with by the project teams in cooperation with experts from the OSHEP Center and, if necessary, with external specialists during the process.
Environmental incidents are recorded and evaluated via a reporting system. This analysis provides important information about risks and enables us to adopt suitable countermeasures in order to prevent potential environmental damage.
Social and ecological opportunities result from the consistent continuation of our sustainability strategy. This potential, which is further enhanced by the sustainability debate and the public focus on it, offers HOCHTIEF great opportunities that should have a positive effect on our key figures in the medium term.