GRI
The Management Board of Energie AG Oberösterreich manages the Group’s affairs and represents Energie AG Group externally. In addition to the Austrian Stock Corporation Act (Aktiengesetz), the Commercial Code (Unternehmensgesetzbuch), and the Articles of Association, the actions of the Management Board and Supervisory Board are governed by their respective rules of procedure. The Rules of Procedure of the Management Board regulate the collaboration among the members of the Management Board, the Management Board’s information and reporting duties, and transactions that require approval from the Supervisory Board. The Rules of Procedure of the subsidiaries are based on those of the Management Board and contain equivalent provisions. The allocation of portfolios between members of the Management Board is approved by the Supervisory Board and defines the areas of responsibility of the individual members of the Management Board without prejudicing the Board’s overall responsibility. The topic of sustainability falls within the responsibility of the full Management Board and is coordinated by the holding unit Group Strategy as part of the strategy process. As a control body, the Supervisory Board’s statutory duties include a review of the non-financial report and presentation of the review’s finding to the General Meeting.
Energie AG has revised its strategy for the expansion of Fibre To The Home (FTTH) with the aim of continuing to promote the best possible growth in this area, and create better economic conditions for fibre-optic expansion in Upper Austria with the greatest possible coverage, despite the high degree of urban sprawl and the relating building costs. As a result, the operational unit FTTH at Energie AG Oberösterreich Telekom GmbH (Telekom GmbH) was merged with Fiber Service OÖ GmbH, an indirect wholly-owned subsidiary of the Province of Upper Austria. This led to the formation of a new entity, BBOÖ Breitband Oberösterreich GmbH (BBOÖ), which is 50% owned by the State of Upper Austria and 50% by Energie AG, and bundles the FTTH activities. The FTTH business of Telekom GmbH was spun off to this newly formed entity.
The fibre-optic backbone and the business customer sector remain with Telekom GmbH. The future focus of Telekom GmbH will be on providing the layer 2 technology (signal technology) and on backbone data transport for BBOÖ. The FTTH fibre-optic network, part of the spun-off FTTH operational unit, was transferred to BBOÖ Breitband Oberösterreich Infrastruktur GmbH, a wholly owned subsidiary of BBOÖ. Further information can be found in Social affairs, supply security and quality, as well as in the Group Management Report, Changes under corporate law and Holding & Services Segment.
The transfer of the “Metering Services” department from Telekom GmbH to Netz OÖ GmbH on 1 October 2021, which combined the gas and electricity metering in Netz OÖ GmbH, constitutes a material change in the Group’s structure. Another material change is manifest in Energie AG Oberösterreich Vertrieb GmbH (Vertrieb GmbH) selling all shares in Erdgas Oberösterreich Vertriebs GmbH (Erdgas Vertriebs GmbH) in Germany to Energie AG Oberösterreich Tech Services GmbH (Tech Services GmbH) on 15 September 2022. Following the end of gas sales activities in Germany at the end of 2021 and owing to the fact that this entity is only used to process the claim related to the damage at the Grabsleben biogas plant, Erdgas Vertriebs GmbH now comes under the relevant subsidiary within the Group.
In addition to the line and project organisation, Energie AG Group has an established crisis and emergency management system with regular drills and meetings convened as required. In the 2021/2022 fiscal year, a dedicated taskforce was formed and established to deal with the impact of the war between Russia and Ukraine on the energy market, supply situation and market position.
Further information about changes under corporate law during the 2021/2022 fiscal year can be found in the Group Management Report, Changes under corporate law.