ÖBB Annual Report 2023

Group Management Report 104 Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 59 The information provided in the Notes to the consolidated financial statement is compiled using software purchased by ÖBB-Holding AG specifically for this purpose. All subsidiaries provide comprehensive reporting packages with all relevant accounting data (income statement, statement of financial position, cash flow statement, notes to the consolidated financial statement) for the preparation of the consolidated financial statement. These are audited by local auditors in accordance with International Standards on Auditing (ISAs) issued by the International Auditing and Assurance Standards Board (IAASB) and the International Federation of Accountants (IFAC) and the General Conditions of Engagement for Professional Accountants. The audit is confirmed by a “Report on the IFRS Group Reporting Package”. This submission of the report is the prerequisite for the processing of the Reporting Package. This external control system constitutes a supporting element of the ICP. The Supervisory Board is informed about the economic development of the Group in regular intervals, in particular within the framework of the mandatory audit committee of ÖBB-Holding AG, by means of consolidated presentations. Opportunities and Risk Non-financial Statement Opportunities and risks with a focus on sustainability are presented in chapter H. G. Sustainability report GRI 3-3 Sustainability reporting GRI 2-3, 2-14 The ÖBB Group has published sustainability reports since 2006. These provide transparent and regular information on the Group-wide sustainability performance. This consolidated report is now the 15th and the second integrated sustainability report of the ÖBB Group to be published in the management report section of the ÖBB-Holding AG annual report. The structure of the sustainability report is based on the 17 building blocks of ÖBB’s sustainability strategy and provides an insight into the sustainability activities in 2023. The key figures included for the respective sustainability topics are generally listed for the year 2023 and, for better comparability, also for the previous year. The preparation of the voluntary sustainability report took into account all issues relevant to the ÖBB Group on the basis of the Austrian Nachhaltigkeits- und Diversitätsverbesserungsgestz (NaDiVeG, EU NFRD – Non Financial Reporting Directive). Reporting is based on the GRI Universal Standards (Global Reporting Initiative) and the EU Taxonomy Regulation (EU 2020 / 852). This sustainability report was approved by the Executive Board of ÖBB-Holding AG and was submitted in its final version to the Audit Committee of the Supervisory Board of ÖBB-Holding AG. Besides the standards and legal regulations already mentioned, the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) have also been reported on since 2021. The information on the TCFD, as well as the GRI content index with the fulfilled GRI standards are presented from page 163 onwards. The respective GRI standards are listed directly next to the relevant text passages to provide a better overview of the information. The documentation in principle covers the entire ÖBB-Group (ÖBB-Holding AG as the parent company and all fully consolidated subsidiaries), unless explicitly stated otherwise. GRI 2-2 Furthermore, ÖBB is committed to the United Nations Sustainable Development Goals (SDGs) and is an active driver for the realisation of the global development goals through its business activities. Structure and organisation of sustainability management in the ÖBB Group Achieving economic success through sustainability GRI 2-23, 3-3 The ÖBB Group understands sustainability in a holistic manner and combines successful business management with ecological compatibility and social responsibility. This achieves a sustainable corporate direction in the sense of the preventative principle. The individual components are brought into a balanced relationship – ecologically, socially and economically – in order to lead the ÖBB Group to long-term success. ÖBB centres its attention on the opportunities offered by socio-ecological change. Given the medium and long-term horizon, an increase in the monetisation of ecological measures is to be expected. This provides ÖBB with economic security. | MR59