ÖBB Annual Report 2025

Group Management Report 88 Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 45 As part of the update to the Double Materiality Analysis in accordance with ESRS in 2025, the total number of IROs was significantly reduced. This was achieved primarily by summarizing and aggregating individual topics. Notable adjustments and additions relate in particular to the subtopic “Energy” (energy generation) and the subtopic “Climate change mitigation” (release of harmful substances from refrigerants into the atmosphere) within the environmental area (E1). Within the social area, a significant addition was made in S1 under the subtopic “Equal treatment and opportunities for all” and in S4 under the subtopic “Social inclusion of consumers and/or end-users.” Within the G1 area, cyber security incidents were newly considered a material risk. All other adjustments, such as those relating to the nature of impacts, risks and opportunities, time horizons and disclosures along the value chain, are minor compared to the prior year and are therefore not presented separately. ESRS 2.SBM-3.48.g The outcome of the double materiality analysis and the findings on material impacts, risks and opportunities have been incorporated into the update of the Group-wide ÖBB sustainability strategy in 2025. ESRS 2.SBM-3.48.b Information specifically related to the requirement from ESRS 2 SBM-3 “Material impacts, risks and opportunities and their interaction with strategy and business model” can be found in the sub-chapters of the same name in the following standards topics: – E1 Climate change – E4 Biodiversity and ecosystems – S1 Own workforce – S2 Workers in the value chain – S3 Affected communities – S4 Consumers and end-users In the course of disclosing the expected financial effects, the ÖBB Group makes use of the transitional provision in accordance with ESRS 1 “General Requirements,” Appendix C “List of phased-in disclosure requirements.” ESRS 2.SBM-3.48. e With regard to the current financial effects of the material risks and opportunities on the financial position, financial performance and cash flows, as well as the material risks and opportunities for which there is a significant risk of a material adjustment to the carrying amounts of the assets and liabilities recognized in the related financial statements in the next reporting period: if a present obligation from a past event and an outflow of resources is probable, a provision is recognized in the consolidated balance sheet, provided a reliable estimate can be made, taking into account inherent risks and uncertainties (see Note 26). Obligations whose amount cannot be reliably estimated or whose occurrence is unlikely are reported as contingent liabilities (see Note 28). All other risks and opportunities are captured outside the -Statement of Financial Position within the Group-wide opportunity and risk management system, which aims to identify and actively manage relevant developments at an early stage. ESRS 2.SBM-3.48.d ÖBB is robustly positioned and resilient due to its long-term investments in rail operations and infrastructure. The opportunity and risk management system regularly assesses potential risks such as natural events and climate change and takes appropriate actions. The sustainable development of the rail system along with the continuous improvement of capacity and quality, is a key focus. As part of the European railway network, ÖBB assumes responsibility for reliable mobility and logistics solutions. The Group’s policy is non-current and future-oriented. ESRS 2.SBM-3.48.f Impact, risk and opportunity management Information on the procedure for the materiality analysis Description of the processes to identify and assess material impacts, risks and opportunities The process for identifying material impacts, risks and opportunities for the ÖBB Group and the upstream and downstream value chain is based on EFRAG’s “Implementation Guidance – EFRAG IG 1 – Materiality Assessment.” ESRS 2.IRO-1.53.b The materiality analysis has been a fixture of the ÖBB Group’s sustainability strategy for many years and was adapted to the requirements of the ESRS regarding the identification of impacts, risks and opportunities for the first time in 2024. This was carried out with the involvement of the stakeholders. Continuous further development is also planned for the future. The results of the double materiality analysis are evaluated regularly and provide important insights into the ÖBB Group’s approach to sustainability issues. ESRS 2.IRO-1.53.h | MR45 E.  Non-financial statement E.1. General information E.2. Environmental inform ation E.3. Social information E.4. Governance information E.5. ESRS index