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. This task falls in the remit of the group-wide risk management system, which is taken with ascertaining and actively managing the arising risks at an early point in time. 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.
Based on international standards, the most significant effects of Energie AG’s activities on the issues resulting from the Austrian Sustainability and Diversity Improvement Act (NaDiVeG) were evaluated in an interactive process conducted together with the relevant business units. The opportunities and risks identified in this way were subjected to a qualitative assessment using a group-wide uniform assessment method. Opportunities and risks were presented as net risks and commensurate measures to reduce these risks were taken.
The focus in the 2021/2022 fiscal year was on further developing the ESG risk management system. The activities pursued by other organisational units within the Group and their significant impact on matters regulated under the NaDiVeG were integrated into the group-wide ESG risk management system. This 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, measures and relevant SDGs: