Sustainability Report RAG Austria AG
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Sustainability report RAG Austria AG The future interests me far more than the past, as I intend living in it. Albert Einstein ENGLISH RAG Austria AG Foreword at a glance Total number of employees 225 Dear Reader, (incl. temporary workers) total We are pleased to present our company‘s first Sustainability Report to all stakeholders. 171 | 76 % men 54 | 24 % women RAG Austria AG has been operating in Austria since the 1930s and in recent years has become the fourth largest energy storage company in Europe. We use our many years of Maternity / know-how to store natural gas in depleted natural underground gas reservoirs. In this way, Paternity leave we ensure that these depleted gas reservoirs are used sustainably and with significant economic benefits for Austria. After all, securing energy supplies for the future with sustai- 7 | 3,1 % 11 | 4,9 % maternity leave paternity leave nable and affordable energy while simultaneously reducing greenhouse gas emissions and improving energy efficiency is one of the greatest challenges facing the world today. This report is intended to give you an overview of the concrete measures we are taking to million euros Research million Euro and development Total invest- kg LNG sale positively support the achievement of the defined climate and energy goals. We see our per month 6.9 expenses 49.8 ments 40.000 role in particular in working with innovative research projects on the production of renewa- ble gas - projects that are also funded by the Austrian Climate and Energy Fund. RAG‘s sustainability strategy relates not only to our energy services themselves, but also to AFFORDABLE AND Training costs CLEAN ENERGY how we provide these services and deal with our business partners, neighbours and employees. We hope that our remarks will give you an interesting insight into our current work and our 230,000 visions for the future. Total training costs INDUSTRY, INNOVATION in euros AND INFRASTRUCTURE The Management Board of RAG Austria AG billion cubic meters 1,022 6 of storage capacity Training costs per employee in euros CLIMATE ACTION 74.32 % Markus Mitteregger Michael Längle Kurt Sonnleitner of natural gas deposits have been converted into sustain- Vienna, July 2019 50% able gas storage facilities Percentage of purchasing- relevant purchase order volume for deliveries and services in Austria 2 / ÜBER RAG AUSTRIA AG [GRI XX] [GRI 102-14] SUSTAINABILITY REPORT / 1 About this report Table of contents This publication, which is the first sus- In future, we will inform our stakeholders tainability report to be compiled by RAG regularly on our action and progress. The 04 About RAG Austria AG Austria AG, contains information on next report is planned for 2021, and will sustainability issues relating to the 2018 cover the 2019 and 2020 financial years. financial year. The company’s financial Unlike this report, the second one is to RAG‘s sustainability approach year runs from January to December. The comply with the GRI core option, and will 17 content of this report exclusively pertains be audited by an independent auditor. to its locations in Austria. The editorial deadline for this report was 1 July 2019. 28 Responsible management Transparency is one of the tenets of cor- porate social responsibility. We conform We look forward to responding to any to this principle by providing information questions or suggestions you may have on decisions and activities that affect on behalf of RAG Austria AG. 38 Safety society and the environment. This report is intended to give our stakeholders an Up-to-date information on this subject insight into our operations and high- can also be found on our website at: 49 Responsible approach to the environment light the targets and measures we have sustainability.rag-austria.at adopted to ensure that we live up to our responsibilities as a corporate citizen. However, we do not wish to conceal from 58 Sustainable products them the areas where we still see room for improvement and the action that will need to be taken in future. 68 Fair partner and good neighbour This report has been prepared in accor- dance with the GRI Standards: Option Core. The report was approved by the 74 Our responsibilities to employees RAG Austria AG Executive Board without being externally audited. 82 Glossary Elisabeth Kolm | Stefan Pestl 85 GRI Standards Index Corporate Communications Contact: [email protected] 88 Association memberships 89 Legal information 2 / RAG [GRI 102-1, GRI 102-50, GRI 102-54, GRI 102-56, GRI 102-32, GRI 102-52, GRI 102-53] SUSTAINABILITY REPORT / 3 About RAG Austria AG 4 / RAG SUSTAINABILITY REPORT / 5 Objects of business RAG Austria AG is Austria’s largest gas role in the sustainable stewardship of Locations storage operator – and hence energy Austria and Central Europe’s raw material storage provider – and one of Europe’s and energy supplies. in Austria leading storage facility operators. RAG’s goal is to provide its customers In addition to gas storage, its core busi- with safe, efficient, environmentally Headquartered in Vienna, the company’s RAG Austria AG produces gas, CNG and ness includes developing innovative new friendly and affordable energy and gas sites are primarily located in Upper Aus- LNG from classic and in future renewa- energy technologies. Its operations also storage services – sustainably and tria and Salzburg, where it is developing ble sources. In 2017, RAG built Austria‘s extend to gas production, supply and responsibly. and operating four of its own storage first LNG (Liquefied Natural Gas) filling trading, as well as the use and marketing facilities and a further two under joint station at Ennshafen in Upper Austria and of gas as a transport fuel. This enables ventures. operates – in addition to this one – two RAG Austria AG to play an indispensable public self-service CNG (Compressed Natural Gas) filling stations in Gampern and Kremsmünster. With storage capacity totalling around six billion cubic metres (bcm), RAG makes a RAG gas storage facility major contribution to security of supply RAG joint venture gas storage facility in Austria and Central Europe as a whole. RAG joint venture gas storage facility / RAG gas storage facility Underground Sun Storage / Conversion Storage connecting pipeline Oberkappel WAG PENTA WEST Baumgarten Gas transmission grid Haag Puchkirchen Pilsbach Vienna Burghausen HAG Upper Austria / Haidach 5 Haidach* Eggendorf Überackern Salzburg 7Fields ** Aigelsbrunn Ried/Innkreis Semmering Haiming Pyhrn Haag TAG Oberkling Pfaffstätt Gampern Pilsbach Gas transmission grid Auerbach Haidach Puchkirchen Austria Aigelsbrunn Vöcklabruck Weitendorf SOL Nussdorf Nord Haidach 5 Zagling Kremsmünster Nussdorf Süd * Haidach: Joint Venture with Gazprom export and Wingas ** 7Fields: Joint Venture with Uniper Gas Storage 6 / ABOUT RAG AUSTRIA AG [GRI 102-2, GRI 102-6] [GRI 102-3, GRI 102-4] SUSTAINABILITY REPORT / 7 Management structure Company structure Last updated 20 March 2019 Executive Board Supervisory Board In 2018 Rohöl-Aufsuchungs AG, Austria’s oldest-established oil and gas exploration and production, and gas storage company, was split into two new businesses: RAG Austria AG and RAG Exploration & Production GmbH. Markus Mitteregger joined the RAG Austria AG Stefan Szyszkowitz, Chairman Executive Board in 2003. He was appointed Chief Axel Wietfeld, Deputy Chairman Executive Officer and Executive Board Chairman Franz Mittermayer 50,025 % in 2008. He is responsible for the Strategy, Gas RAG Austria AG Martin Graf 29,975 % Storage, Green Gas Technology and Business ownership structure 10 % Development departments. Peter Weisbier 10 % Michael Längle was appointed Chief Financial (delegated by the works council) Officer in 2011. His responsibilities include Anneliese Neubacher the Downstream (energy trading) department, (delegated by the works council) EVN AG as well as the Group finance and accounting, Uniper Exploration & controlling, purchasing, IT and human resources Production GmbH functions. Energie Steiermark Kunden GmbH Kurt Sonnleitner became Chief Technical Officer, Salzburg AG with responsibility for the Exploration and Pro- duction departments, in 2007. RAG Austria AG goes back to Rohöl-Aufsuchungs AG. In Subsidiaries and 2018 the company decided to focus on energy storage and gas. This shift is reflected in the all-new logo design, investments which features dynamic round lettering inspired by gas pipelines. The letters a and g create an endless loop which refe- rences RAG’s sustainable business model as well as the endless cycle of energy conversion. The new logo also stands for the company’s highly-promising new areas of 100 % 100 % 100 % 100 % 50 % business, such as converting solar energy into gas. The fluid connection between the letters in the logo also symbolises the company’s collaborative rela- tionship with its business partners and workforce. RAG Energy RAG Exploration RAG Energy RAGSOL GmbH Silenos Energy Storage GmbH & Production Drilling GmbH* GmbH The tail of the final letter, g, leads underground, to where our gas storage facilities and gas reserves lie. GmbH The Austria AG baseline grows out of this g, creating a link with the start of the logo, and thus in turn a cycle from the r to the g via the a. * RAG Energy Drilling GmbH was sold to UOS United Oilfield Services on 2 July 2019. 8 / ABOUT RAG AUSTRIA AG [GRI 102-18, GRI 102-23] [GRI 102-10, GRI 102-5, GRI 102-45] SUSTAINABILITY REPORT / 9 Financial performance Figures of storage facilitites and key indicators operated by RAG The economic performance and key figures presented here include the following TWh, GW, MW ... thermal, GCV 11.30 kWh/cu m RAG Austria AG Group as a whole, including the investments shown on page 9, as of 2018. Key financial figures (in million euros) - Group in accordance with IFRS 2018 Balance sheet total 762.5 Shareholders‘ equity 262.6 Puchkirchen/Haag gas storage facility Aigelsbrunn gas storage facility Net debt 123.9 Working gas volume 12.2 TWh 1,080 mn cu m Working gas volume 1.5 TWh 130 mn cu m Revenues 509.4 Max.