We are fully aware that our company has responsibilities not only to its owners and employees, but also to the public and industry – both inside and outside Austria. Our energy storage facilities are part of the critical infrastructure for a substantial proportion of Central Europe’s energy supplies. As a responsible company, we make an important direct and indirect contribution to the Austrian economy and to the country’s economic growth – in the form of taxes and levies paid to the Austrian government, our investments in research and development, and by procuring supplies from regional businesses wherever possible.
Our corporate philosophy, and corporate governance, compliance and integrity regulations are at the heart of everything we do. Our responsibilities to our employees and other key stakeholder groups, as well as to society, and our stewardship of the environment and the climate are an integral part of our managerial decision-making processes.
The criteria for awarding contracts in connection with investment and spending decisions are not purely commercial; they also take specific account of social, environmental and safety aspects.
All of these considerations are embedded in our policies and underpin RAG’s corporate culture.
Over the next two years, we plan to revise our philosophy so that it more clearly expresses our commitment to implementing responsible business practices. The next step will involve sharing this renewed commitment with all of our employees, ensuring that it is firmly embedded within the company, and making it accessible to external stakeholder groups.