Energie AG – and the entire industry – is exposed to a number of different risks. The Group-wide risk management system is tasked with identifying emerging risks and opportunities and actively managing them. Opportunities and risks are events outside of the “ordinary” business activities that entail potential positive or negative consequences. For details on the Group-wide risk management and a description of Energie AG's opportunities and risks, please see the Group Management Report and the Notes to the Consolidated Financial Statements,Management of risks and opportunities.
Due to the rising importance of sustainability issues for commercial decisions, environmental, social and governance (ESG) aspects are becoming increasingly important factors in the risk management process.
In an interactive process conducted together with the relevant business units, the most significant effects of Energie AG's activities on the issues resulting from the Austrian Sustainability and Diversity Improvement Act (NaDiVeG) were evaluated based on international standards. This provided the foundation for identifying potential risks and opportunities, which were then subjected to a qualitative assessment on the basis of Group-wide uniform evaluation criteria. Relevant mitigation measures have been implemented, and the net risks were ascertained.
This process also included an “outside-in” evaluation of the issues that resulted in the inclusion of previously omitted risks and opportunities in the risk inventory of Energy AG Group. These are dealt with accordingly and are given due consideration within the strategy.
The following table summarises the most important risks and opportunities that may arise from Energie AG's activities in relation to the NaDiVeG, as well as the associated concepts and measures: