Sustainable development goals
Energie AG Group is consciously exercising its responsibility in the area of sustainable development and accepts guidance from the contents and objectives of the Sustainable Development Goals (SDGs) adopted by the United Nations in 2015. These goals are intended to assist all nations in making significant progress in their sustainably development until the year 2030. All SDGs are either directly or indirectly relevant for Energy AG. The Group contributes to their achievement with its strategic positioning in combination with its individual products and service offerings, also see Sustainability at a glance.
Strategy development process
A structured annual strategy process is a prerequisite for consistent control over the Energie AG Group’s long-term business development. Strategies and measures that assure the sustainability of the Group's profitability and financial performance are derived from market development analyses, the evaluation of the business activities' effects in an economic, ecological, and social context (monitoring processes, certifications etc.), the balancing of the Group's strategic goals with the interests and expectations ascertained during the ongoing stakeholder dialogue, and changes in the energy policy environment (new statutory requirements etc.).
After identification of the resulting measures together with their opportunities and risks, the strategic decisions for Energie AG Group were made at the virtual Group strategy meetings held in April and July 2021. This included the definition and adaptation of the fundamental strategic objectives, as well as a corresponding forward-looking distribution of capex funding.
The identification and analysis of challenges in the Group's environment was part of the strategy process 2020/2021 and included the macroeconomic ramifications of the COVID-19 crisis, side-effects from the technological transition (including in connection with the progressing digitalisation), climate change and extreme weather events, as well as currently existing opportunities and challenges associated with the Renewable Energy Expansion Act (EAG).
Major sustainability issues
As part of the strategy development process, Energie AG's major sustainability issues are regularly evaluated and undergo continuous improvement with the involvement of internal interested parties and external stakeholders. Sustainability topics were rated in a materiality matrix from ”important“ to ”highly important“. The quantitative and qualitative key performance indicators to be measured were set based on this matrix. The materiality matrix was updated on 15 April 2021 at the occasion of the strategy meeting of the Management Board of Energie AG Group and adapted to the results from the strategy process 2020/2021.
The focus of the Group's commercial activities lies on the mid- and long-term positive development of the major sustainability issues of Energy AG Group. The major sustainability issues for Energie AG Group have not changed from the previous year and are discussed in the following sections:
- Partnership with equity investors and outside creditors
- Business models fit for the future & innovation
- Security and quality of supply
- Customer orientation and satisfaction
- Regional responsibility & social commitment
- Climate protection & resource conservation
- Responsible employer & Workplace health and safety
- Legal compliance and prevention of corruption