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Climate-neutral by 2040

STEAG Group presents sustainability report

The STEAG Group, which since the beginning of the year has been divided into the two separately operating companies Iqony GmbH and STEAG Power GmbH, has presented its latest Group Sustainability Report. In it, the Essen-based energy company documents its commitment and guidelines with regard to the areas of "Environmental", "Social" and "Governance". Under the heading of "ESG", a comprehensive set of rules has emerged in recent years to classify the actions of companies on the basis of the criteria of sustainability and good corporate governance. The central message of STEAG's new sustainability report is the target of becoming a climate-neutral company by 2040 - five years earlier than required by law.

In addition to detailed explanations of the extent to which the company takes account of the relevant ESG criteria in all areas of its activities, the report also provides information on the extent to which STEAG also complies with other requirements and standards, such as the Global Reporting Initiative (GRI) or the Sustainable Development Goals (SDG) of the United Nations: "Long before ESG criteria were developed and defined, we as an employer have endeavored out of social responsibility to guarantee good working and thus living conditions for all our employees in Germany and abroad. This ranges from collective wage agreements, which are an expression of the appreciation of our employees' work performance, to strict and consistently monitored occupational health and safety regulations, to offers that make it easier to combine family and career in all phases of life or promote social participation," explains Dr. Andreas Reichel, Chairman of the STEAG Management Board and also the Group's Labor Director.