ÖBB Annual Report 2023

207 Group Management Report Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 162 Type of risk Measures set Opportunity Cross-reference to topics of the materiality matrix Group company Less investment volume available  Raise awareness of the specific impact on the capacity of the rail system and the potential for modal shift.  Further efficiency improvement programs in production (quality, attractiveness)  Increase in productivity, capacity and quality  Credibility and existing financing 1. Climate change mitigation 8. Sustainable Finance 9. Affordable and accessible mobility services 16. Economic Driver ÖBB-Group Worse conditions for ÖBB in future financing due to suboptimal sustainability assessments Financial market aligns financing with sustainability criteria. ÖBB expedites its sustainability performance in a targeted manner and plans proactive ESG ratings. See also Sustainable Finance module  Credibility  Growth opportunity, prerequisites for future financing and investment 8. Sustainable Finance 16. Economic Driver ÖBB-Group Investments do not bring the expected benefits CAPEX, Manual of Profitability Calculations Credibility and handling of funding 8. Sustainable Finance 16. Economic Driver ÖBB-Group I. Task Force on Climate-related Financial Disclosures (TCFD) In this report, ÖBB is reporting for the second time on the basis of the recommendations of the Task Force on Climate- related Financial Disclosures, better known as TCFD. This is an initiative launched in December 2015 by the Financial Stability Board (FSB), an international body established with the support of G20 members to promote international financial stability. The purpose of the TCFD is to help identify the information needed by investors, lenders and insurance companies to appropriately assess and evaluate climate-related risks and opportunities. The TCFD published its conclusive recommendations on behalf of the FSB in 2017. These recommendations provide a framework for developing more effective climate-related financial information through existing reporting processes. This report provides general climate-related information from ÖBB at the following points: – Impact of climate change on ÖBB - see chapter G.2. – Climate resilience and climate scenarios – see Chapters G.2., G.8. – Key measures for adaptation to climate change in the ÖBB Group: • Strategic measures: Climate change mitigation and adaptation are components of the ÖBB sustainability strategy (with targets, strategic approaches, key figures and portfolio of measures) – see chapters G.1., G.2., H. • The ÖBB subgroups affected by climate change (first and foremost ÖBB-Infrastruktur AG) are also implementing various operational measures - see chapters G.1, G.2., H. Specific recommendations of the TCFD on disclosure The TCFD is an advocate for the disclosure of information on climate-related opportunities and risks of companies. They are required to demonstrate how they are positioned in terms of governance, strategy, risk management and measurable objectives to take advantage of key climate-related opportunities as well as mitigating risks. ÖBB Group supports the recommendations of the TCFD on reporting specific climate-related information, discloses this information in accordance with the TCFD and also refers to relevant pages in the report with further more detailed information: MR162 |