About this report
This report is intended to give our stakeholders an insight into our operations and provide details of the material sustainability-related topics that RAG Austria AG is focusing on. In 2022, we reviewed these topics to ensure that they were still relevant, in line with the Global Reporting Initiative (GRI) Oil and Gas Sector 2021 Standard. The associated management approaches show how we deal with potential and actual impacts of our activities, and the measures we have taken in order to continuously improve.
This is RAG Austria AG’s third Sustainability Report, following on from the 2018 and 2020 editions. The contents relate to the company’s locations in Austria and – as in the previous report – extend exclusively to RAG Austria AG including its major subsidiaries. The reporting period is the 2021 and 2022 financial years. The financial year lasts from 1st January to 31st December. From the 2025 financial year onwards, RAG Austria AG will be obligated to integrate its sustainability reporting into its operating and financial review. This will require sound preparation, adjustments where necessary, and strict implementation of current sustainability processes. Consequently, from 2025 onwards we plan to publish subsequent reports within the legal framework that will come into effect for RAG at that time.
RAG is currently not obligated to prepare a sustainability report and have it audited by an external body, but sees the process as a valuable opportunity to use the auditor’s findings for quality assurance purposes and to generate new impulses for
achieving its sustainability-related goals. This report refers to the 2021 GRI Standards and was reviewed by Quality Austria. The report was approved by the members of the RAG Austria AG Executive Board, Markus Mitteregger and Michael Längle.
If you have any questions or suggestions, please do not hesitate to contact us at RAG Austria AG. We look forward to your feedback!
About RAG Austria AG