G1 Business conduct

The governance model of the Energie AG Group is based on a transparent and clearly defined governance structure that ensures responsible and sustainable corporate management. This structure is shaped by the formal decision-making of the relevant bodies – such as the Management Board, the Supervisory Board and the General Meeting of Shareholders – as well as by the rules applicable throughout the Group. These include in particular:

• Partnership agreements and articles of association that define the statutory environment and responsibilities of each Group company
• Rules of procedure that structure internal processes and decision-making pathways and ensure effective cooperation between the governing bodies and their members
• Group policies that define common standards and codes of conduct for all employees and senior executives, thereby contributing to compliance

These governance tools together form the foundation for strategic and operational governance, which is geared towards long-term value creation, risk mitigation and the integration of environmental and social aspects. Regular reviews and adjustments ensure that the governance model meets the changing needs of the market, legislation and stakeholders (see also GOV-1 – The role of the administrative, management and supervisory bodies).

The Group policies are issued by the Management Board of Energie AG Oberösterreich and form a central part of the company-wide governance and control structure. Both the Management Board of Energie AG Oberösterreich and the management of the respective Group companies are responsible for complying with these policies. This ensures that company-wide standards and legal requirements are consistently implemented and adhered to.