Responsible and sustainable operations are part of the core business of a transmission system operator.
50Hertz considers itself as a responsible service provider to society. In addition to social andecological demands, a sustainable economic basis is needed for the successful energy transition. For this reason, 50Hertz has firmly integrated sustainability into its corporate strategy.
In the past, 50Hertz has aligned its sustainability report with the framework of the German Sustainability Code (DNK). Indicators from the Global Reporting Initiative (GRI) have already been used. For the first time this year, the 50Hertz Sustainability Report will fully comply with the GRI Core standard. We are debuting the 2018 reporting year with the publication of a joint activity and sustainability report by Elia and 50Hertz, which we intend to expand in the future. This goes hand in hand with a continuous improvement in our sustainability performance.
GRI 103-1, GRI 103-2, GRI 103-3
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„For us as a transmission system operator, sustainable and resource-conserving action is a matter of course. Conflicts of interest often arise which we have to reconcile. But above all there is the guarantee of security of supply and the expansion of the grid to meet demand. For this reason, we constantly review our guidelines, processes and the resulting actions and adapt them on an ongoing basis.“
Marco Nix – CFO
50Hertz has also extended its perspective to sustainability. In order to facilitate global sustainable development that works at economic, ecological and social levels, the United Nations has defined 17 concrete goals that apply to all countries worldwide. In order to successfully implement these Sustainable Development Goals (SDG), everyone is called upon. 50Hertz wants to contribute to the achievement of the SDGs. In a first internal step, the most appropriate SDGs were identified and clustered in 3 priority levels:
The reporting on the SDGs will successively be expanded and the activities of Elia Group will be linked to these global sustainability goals. During 2019, EliaGroup and 50Hertz will discuss the goals and their targets with its stakeholders.
GRI 102-16, GRI 102-17, GRI 102-19, GRI 102-20,GRI 102-26, GRI 102-32, GRI 102-33
For 50Hertz, business activity that is successful in the long term is achieved by acting in the best interests of the Company, as well as in the interest of society. This is reflected in the Company’s vision: “A successful energy transition – for a sustainable world”. 50Hertz has made it its mission to make the energy transition possible. The Company has set itself five strategic goals to fulfil this task in the best way possible. Thus 50Hertz wants to maintain the highest possible level of supply reliability, expand the transmission grid to meet demand, achieve a competitive and sustainable result, further improve efficiency, and foster its value-based corporate culture with a strong focus on occupational safety. The sometimes opposing objectives and interests of 50Hertz and its stakeholders are to be reconciled as much as possible. Maximum transparency, for example, which is also embodied in this report, provides the basis for this.
50Hertz expresses its commitment to responsible corporate management in its Company Charter, which lays out its intention to comply with the 10 principles of the UN Global Compact with regard to human rights, work standards, environmental protection and the fight against corruption. 50Hertz joined this global values alliance in April 2017 and since then has been active in the Global Compact Network Germany. Company documentation is also available to our employees containing all applicable guidelines, directives and manuals, work instructions, process handbooks and company agreements. The Company Charter and guidelines set out what is meant by correct corporate conduct and make clear the fact that all employees must comply with the law. These principles flow into organisational measures that are binding for the whole Company.
Under the overall responsibility of the Chief Financial Officer, the Corporate Development Department has defined a sustainability concept and a measures roadmap for the steady expansion of sustainability reporting, while the Communications and Public Affairs Department continues to define the reporting processes.
The importance of constantly expanding sustainability management is clear from its inclusion in the annual business plan, which is valid for five years. As part of the sustainability strategy, objectives, indicators and measures are systematically developed, reviewed and integrated into the corporate strategy. Acompany-wide committee at senior management level (CSR*Board) oversees this, from the development of measures to reporting presided over by the Chief Financial Officer and the Chief Human Resources Officer. The CSR Board meets twice ayear to agree on targets and processes.
The various departments, units and teams are responsible for implementing the individual measures of the Company, as well as for defining and recording the performance indicators. The core CSR team meets every quarter for this purpose. In these meetings, the progress of implementation is discussed, as well as possible critical concerns raised by stakeholders. Data controllers make performance indicators understandable and available to the whole Company on the central transparency management platform. In the regular risk analysis and at an annual risk conference, sustainability aspects are also discussed with the management and assessed. In addition, certified management systems, such as OHSAS 18001 in occupational health and safety and ISO 27001 in information security management, as well as internal management systems based on recognised standards, including environmental management (according to ISO 14001) and early public participation (according to VDI7000), are used in the core areas of CSR.
*CSR = Corporate Social Responsibility
GRI 102-15, GRI 102-46, GRI 102-47, GRI 103-1, GRI 103-2, GRI 103-3
50Hertz examined the economic, environmental and social impacts of its business activities pursuant to the Global Reporting Initiative (GRI) standards for sustainability reporting. The general aspects listed there were translated into topics that are relevant for 50Hertz and aligned with the interests of our stakeholders by means of benchmarks, peer group reports and employee surveys. A detailed survey of stakeholders was conducted in the fourth quarter of 2017 with the aim of systematically developing the materiality analysis and sustainability management. Our stakeholders include our partners, the public, non-governmental organisations (NGOs), politicians, regulatory agencies, investors, the media, customers, suppliers and representatives of 50Hertz employees. The qualitative survey confirmed the key areas of the report. In 2018, the process for obtaining a commonmateriality analysis was launched at the level of Elia Group. This process will be continued in 2019. For this reason, the further differentiation of the main topics from 50Hertz with regard to boundaries and description is postponed until the result of the joint materiality analysis.