Corporate social responsibility (CSR) established as an integral part of the corporate strategy
Clear sustainability objectives defined in six areas
HOCHTIEF again listed in Dow Jones Sustainability Indexes
Compliance rigorously implemented throughout the Group

Sustainability at HOCHTIEF

Our future will be shaped by issues such as climate and resource protection, energy conservation and energy efficiency. A focus on sustainability is therefore a hallmark of all our activities. Our commitment supports HOCHTIEF's sustainable development while at the same time allowing us to unlock new sales potential. As a forward-looking company, we accept responsibility for the environment and the society in which we operate. Our values, vision* and guiding principles are all geared to sustainability. Corporate social responsibility (CSR) is therefore an integral part of HOCHTIEF's corporate strategy. We underlined our convictions in November 2008 by joining the United Nations Global Compact, the world's largest corporate responsibility initiative.

CSR Committee keeps up the good work

The primary aim of the CSR Committee established in 2007 is to reinforce HOCHTIEF's commitment to economic, environmental and societal issues. The Committee identifies and assesses the areas in which the Group pursues sustainability and coordinates the various projects and Group-wide activities. In the period under review, it laid the foundations for turning strategic ideas into profitable, future- proof projects by networking with the sustainability excellence team, which includes representatives from the operational units.

HOCHTIEF's sustainability activities are acknowledged by the capital market. In November 2008, we were included in the prestigious Dow Jones Sustainability Indexes for the third time in a row. No other German construction company is listed in these.

Pursuing sustainability in a wide range of areas

HOCHTIEF primarily pursues sustainability in six areas. These are:

Sustainable products and services

Through our projects, we design the spaces where people live and shape the environment for a long time to come. This brings with it an enormous responsibility. We embrace this responsibility, for example, by aiming to offer more sustainable products and services. This requires forward-looking innovations**, the intensive acquisition and transfer of know-how between the divisions as well as our commitment to green building.
→ Our objective: We aim to become the global market leader in sustainable construction and construction-related services and to do so by extending our spectrum of offerings spanning the entire life cycle of infrastructure projects, real estate and facilities.

Active climate protection

Properties account for 40 percent of energy consumption worldwide. For several years, HOCHTIEF companies such as HOCHTIEF Construction and HOCHTIEF Facility Management have been contributing to a long-term reduction in this inordinate amount. Green building – or sustainable construction – has a long history at HOCHTIEF. Through innovative energy management and the promotion of renewable energies, we are helping to both cut greenhouse gas emissions and reduce our project operating costs. As a result of the Ideas Management project introduced in 2008, we have received numerous suggestions from our employees on how we can save energy.*** Many of these ideas have now been put into practice.
→ Our objective: We aim to save CO₂ emissions together with our clients.

An attractive working environment

HOCHTIEF employs almost 65,000 people worldwide and works with around 50,000 subcontractors every year. We aim not only to offer them the highest standard of occupational health and safety, but also to do all we can to create the best possible working conditions for them. In addition, we need to implement efficient measures to tackle demographic

change and the shortage of specialist and managerial staff.*

The cross-divisional competence center for occupational safety, health and environmental protection (OSHEP) ensures that these important issues are given high priority throughout HOCHTIEF. The OSHEP Center continually optimizes the Group's integrated environmental, health and safety management systems and ensures that related measures are implemented at the HOCHTIEF companies. We have succeeded, for example, in cutting the accident rate Group-wide by over 50 percent since 2003. In 2008, it stood at 7.2 accidents per thousand employees.

At the 18th World Congress on Safety and Health at Work in Seoul, in June 2008 HOCHTIEF signed the declaration adopted at the event. This declaration aims to motivate governments, organizations and business to systematically strive to reduce occupational accidents and diseases.
→ Our objective: We aim to further extend our position as a sought-after employer and, over the long term, establish ourselves as the most attractive employer in the industry.

Corporate citizenship

HOCHTIEF is at work and therefore a local partner in all four corners of the globe. It is standard practice for us to employ mainly local people and subcontractors. We also promote a work-life balance and support social and cultural initiatives. Here, our focus is on promoting projects in education/the encouragement of young talent as well as modern/Bauhaus architecture-related projects.
→ Our objective: We aim to get involved in the community wherever our company is at work.

Compliance and ethics management

HOCHTIEF operates in countries with different value and political systems. Compliance**"with all internal and external regulations – and ethics management therefore play a major role at HOCHTIEF. All employees are obliged to adhere to our high management standards and Code of Conduct. For subcontractors and suppliers, there is a separate Code of Conduct containing binding rules. As a member of Transparency International, we condemn any form of bribery and corruption. Employees with questions

related to compliance or ethics can always turn to the HOCHTIEF compliance organization.

For anonymous reports, our employees and partners also have access to a confidential hotline if necessary. Through intensive training delivered locally and the use of e-learning programs, we ensure that employees are aware of and versed in our ethical standards. Compliance with these standards is reviewed on a regular basis. All this illustrates that we make compliance and ethics management a high priority.
→ Our objective: We aim to set standards in business ethics and do our utmost to apply those standards.

Resource protection

Construction projects require a huge amount of materials; they use and largely seal off whole areas of land, and produce considerable amounts of waste. Resource protection is therefore of particular importance to us. At inner city sites, for example, HOCHTIEF endeavors to use derelict land and gaps between existing buildings or to refurbish older properties. Waste separation and recycling are standard practice worldwide, as is renaturation. Our Australian company Thiess, for example, is at pains to ensure that, once excavated, mines are partly filled and reforested.
→ Our objective: We aim to conserve natural resources and optimize the use of resources.

Intensive communication

HOCHTIEF publishes a detailed sustainability report every two years. No other German construction company provides information on a similar scale. The next sustainability report will appear in November 2009. We report on the latest sustainability activities and events on our website.