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Involvement of management and the highest governance body in sustainability issues

The continuous development of the corporate strategy and the preparation and revision of corporate guidelines and policy statements is the responsibility of EVN’s Executive Board. This work is carried out in close coordination with the Supervisory Board and is supported by steering committees and working groups that are established for specific topics. A CSR steering committee was installed to deal with issues related to sustainability. It comprises the entire management team, including the Executive Board, and therefore reflects European best practice standards. The committee’s broad composition allows for the targeted management of CSR issues and continuous coordination with the corporate strategy and the operating segments’ goals.

The CSR advisory team provides organisational and content-related support through its work as an interface and link between strategic decisions and operational implementation. The team assists the various departments in developing goals, measures and standards that are presented to the CSR steering committee for approval. It also identifies current trends and developments in the area of sustainability. The involvement of all corporate units and the identification of further CSR development opportunities are ensured by the nomination of CSR network officers in all departments. These network officers ensure that previous CSR activities are regularly reviewed and current activities and opportunities for improvement are discussed and realised. The handling of CSR issues by EVN’s subsidiaries in Bulgaria, Macedonia, Croatia and Germany is supported by the implementation of individual CSR organisations that are based on the Austrian model.

The spokesman of the Executive Board represents the company on issues related to CSR management.

  • GRI indicators: Sustainability management process – responsibilities and process for delegation by the highest governance body (G4-35); Reporting on economic, environmental and social topics to the highest governance body (G4-36); Role of the executive board regarding economic, ecological and social impacts, risks and opportunities (G4-42)

The Supervisory Board is provided with extensive information on current economic, ecological and social issues that are relevant for EVN at an annual closed conference. The focal points of this conference in 2015/16 were trends in the energy sector and innovation at EVN. In addition, the heads of internal audit, accounting, risk management and corporate compliance management report to the Supervisory Board twice each year at meetings of the Audit Committee. The compliance-relevant subjects discussed at these meetings can also include critical issues involving the Supervisory Board. Independent of these meetings, the Supervisory Board receives additional information on any initial suspicions of violations that may represent an economic risk to the company or damage to its reputation. The Audit Committee of the Supervisory Board is informed of any initial suspicions of violations that may have material economic effects or cause damage to the company’s reputation. The chairman of the Supervisory Board is notified directly if there are any suspicions of severe compliance violations involving the Executive Board members or if the Executive Board fails to take action. No critical issues were reported to the Supervisory Board during the reporting year.

  • GRI indicators: Measures taken to develop and enhance the highest governance body’s collective knowledge of economic, environmental and social topics (G4-43); Process for communicating critical concerns to the highest governance body (G4-49); Nature and total number of critical concerns communicated to the highest governance body (G4-50)

The remuneration scheme for key EVN managers was adjusted during 2010. Among others, the adjustment included the following points:

  • Inclusion of value-oriented indicators
  • Inclusion of sustainable development factors for the respective areas

EVN’s shareholders have an opportunity to express their views on management’s remuneration and the remuneration scheme at the Annual General Meeting.

  • GRI indicator: Stakeholders’ views on management remuneration (G4-53)

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