Sustainability organisation
The corporate function for innovation and sustainability is responsible for sustainability issues as well as environmental and climate protection in the EVN Group. A central component of these activities is the Group-wide and strategic coordination of sustainability and, in particular, the implementation of new legal requirements. The central management by these corporate functions is intended to ensure compliance with high sustainability standards throughout the EVN Group. It will also support the operational development and implementation of new ESG aspects like the application of the CSRD.
An extensive exchange of information between the innovation und sustainability corporate function and the responsible Executive Board member takes place every four to six weeks within the framework of management meetings and more frequently if required.
The full Executive Board is informed of sustainability programmes and plans at the quarterly meetings of the sustainability steering committee. This committee deals with current ESG issues, approves major ESG activities and, due to its broad composition, ensures that the addressed strategies, measures and goals are rolled out and implemented in operations throughout the Group.
In addition to continuous exchange with internal experts, the Executive Board and Supervisory Board can draw on several advisory boards in which external experts from various disciplines contribute their expertise and outside perspectives on ESG issues: the Sustainability Advisory Board, the EVN Social Advisory Board and the EVN Art Advisory Board.
Both the Executive Board and the Supervisory Board receive regular information and, at the same time, training on sustainability issues. The Supervisory Board plays an important role in sustainability reporting. Quarterly and annual reports are presented to the Audit Committee and the full Supervisory Board prior to publication and discussed by
the Executive Board and Supervisory Board. The Remuneration Committee is responsible for monitoring the achievement of sustainability targets in connection with remuneration policy, remuneration practices and remuneration-related incentive structures. In addition, the Executive Board provides the Supervisory Board with up-to-date information on ESG issues at every meeting.
For further information on the sustainability organisation please see EVN Full Report.