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Sustainability
at Bilfinger

 

 

We make
Sustaina­bility work

 

Sustainability is a significant part of our corporate strategy. To determine the essential fields of action for our own behavior, we have for years regularly conducted materiality analyses in dialog with our stakeholders. The resulting materiality matrix defines the sustainability topics of Bilfinger.

 

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We have firmly anchored the concept of sustainability in our corporate structures. It is defined as a goal in our Mission Statement and is an integral part of our Code of Conduct as well as a number of internal Group Policies. We have been reporting on our sustainability activities annually in sustainability reports since 2011, in particular in the areas of HSEQ, Compliance, Procurement and Human Resources.

Bilfinger has published an externally audited non-financial Group declaration since 2018, the company is a member of the UN Global Compact initiative, supports the UN Sustainable Development Goals and issues an annual declaration of conformity with the German Sustainability Code.   

With regard to sustainability, Bilfinger is evaluated by several external institutions; we are in regular active contact with MSCI-ESG, ISS-ESG, Sustainalytics, CDP and Ecovadis, among others.

Sustainability management

 

The Executive Board is responsible for sustainability. Sustainability management at Group level is coordinated and aligned within the SustaiNet sustainability network, which is coordinated by Corporate Treasury & Investor Relations under the responsibility of Executive Board member Christina Johansson (Chief Financial Officer).

 

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Members of SustaiNet are heads of selected corporate departments whose areas of responsibility relate to sustainability issues (including Strategy, Compliance, Human Resources, Procurement, Communications, Accounting & Controlling), heads of other functional units with a Group-wide governance function (HSEQ, Business Development) as well as managing directors of operational regional and divisional management teams.

SustaiNet meets at least twice a year as scheduled; in addition, meetings are convened on an ad-hoc and project-related basis. In addition to the formal exchange in the sustainability network, the members as well as employees in their functional areas are in regular contact on individual sustainability topics.

Bilfingers' materiality matrix

Determination of materiality

To determine the main areas of action for our own conduct, we have for years regularly conducted  materiality analyses in dialog with our Group’s stakeholders. The resulting materiality matrix defines our Group’s sustainability topics. 

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In 2020, Bilfinger SustaiNet conducted a new materiality analysis with the involvement of the Group’s stakeholders. The results of the survey were reviewed again by SustaiNet and the Board of Directors in the 2021 reporting year. To review the content of our Non-Financial Group Declaration, we looked at these areas of activity both in terms of their business relevance and in terms of their impact on the materiality of the economic, environmental and social consequences listed in the HGB. In particular, we looked at the costs and risks associated with the topics, the extent to which they affect our business and our environment, and the degree to which we are able to influence each aspect. 

The principal sustainability topics were confirmed. The dialog with the Group’s stakeholders – employees, customers, suppliers and capital market representatives as well as social institutions – did not result in any new topic clusters.  

The relationship of the topics to each other and the absolute positioning in the matrix were updated for selected points as compared to the previous year.  

The result of the 2021 materiality analysis is presented in our current materiality matrix.

Sustainability goals of the Bilfinger Group



Sustainability goals
of the Bilfinger Group

 


 

In its commitment to sustainability, Bilfinger acknowledges defined targets for each of its sustainability topics. 

The Bilfinger Sustainability Commitment

People


Occupational safety
Zero is possible

Supply Chain
Broader scope of code of conduct and its Enforcement

Planet


Energy & emissions
Become “net zero” in GHG Scopes 1 and 2 by 2030 at the latest

Customers


Sustainable industrial services
Target revenue of €1 bn by 2024

Governance


Compliance
Never compromise on integrity

People

The physical well-being of all our employees is our top priority, which is why occupational safety is such a crucial factor in all our activities. It is our goal to be a leader in occupational safety in our industrial sector. Our ‘Zero is possible’ objective serves as a guideline for continuously improving occupational safety in all areas and preventing as many occupational accidents as possible.

We firmly believe that suppliers play a vital role in achieving sustainability goals. This also applies to us as part of our customers’ supply chain. We therefore want to further strengthen the issues of human rights and the environment in our Code of Conduct. With our established compliance system, we have an effective tool to meet growing supply-chain-related requirements.

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Planet

In the course of our daily work, we pay close attention to the careful use of valuable resources and address the urgent task of limiting climate change to the greatest extent possible. The focus in this regard is on efforts to reduce our own energy consumption, gradually substitute the use of fossil fuels with renewable energy sources and thus sustainably limit atmospheric pollution with harmful greenhouse gases. In terms of GHG emissions caused by our activities, our target is to achieve ‘net zero’ for Scopes 1 and 2 by 2030 at the latest.

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Customers

We want to deliver services that help our customers achieve their sustainability goals. We will therefore further expand our product range in high-growth markets. This includes measures to enhance energy efficiency and reduce CO2 emissions at our customers’ existing production sites, plants for the use of hydroelectric power and district heating as well as nuclear energy. New technologies such as the production and transport of hydrogen, carbon capture and storage as well as the construction and maintenance of production facilities for electric battery components are also generating growth potential for us.

Our objective is to double our revenue from these sustainable industrial services from the current level of around €500 million to around €1 billion by 2024.

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Governance

Responsible conduct is essential for us in our dealings with all of the company’s stakeholders. We never compromise when it comes to integrity and compliant behavior. We will vigorously maintain and further develop our first-class Compliance System.

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SDGs at Bilfinger

With our sustainability approach, we support ten of the United Nation’s seventeen Sustainable Development Goals.

Risk reporting

The identification and evaluation of risks that arise from the company’s business operations and  that affect the reportable aspects are the responsibility of risk management. The focus is on the question of which risks arise from our business activities and relationships or from our products  and services that have an impact on these aspects. Significant risks that are likely to have or will have serious negative impacts on them must be reported.

We have not identified any reportable risks related to the relevant topics. 

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Our Group-wide risk management system is described in the management report of the Annual Report. Corporate Accounting, Controlling & Tax, is responsible for Bilfinger’s Group-wide risk management system and conducted a survey of the Group’s sustainability risks at the end of the 2021 financial year. In order to identify and assess these risks, the operating units and the heads of the corporate departments concerned were surveyed about them and they were assessed at the regular meeting of the Bilfinger Risk Committee. The assessment of risks was based on the probability of occurrence and the possible extent of damage.

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