>
>
61To Our Shareholders
Supervisory Board
Year in Review
Combined Group Management Report
Additional Information
Market Units
Corporate Governance
Consolidated Financial Statements
Tables and Explanations
Corporate Responsibility ("CR")
CR is becoming an increasingly important issue, both in our
view and that of the general public. The framework for our CR
efforts is the continually changing economic, environmental,
and social landscape within which we operate as well as the
many and varied expectations and interests of our stakeholders.
We strive to be an energy-industry leader in CR. Our aim is to
earn, maintain, and enhance our stakeholders' trust and to
anticipate changes in our business environment and incorpo-
rate these insights into our decision-making processes, enabling
us to actively manage commercial opportunities and risks
and maximize shareholder value and the benefit to society.
We enlarged our CR organization in 2007 with the aim of
making CR an even more integral part of our corporate cul-
ture and business processes. We added staff, including staff
with international experience, to the CR department in the
Corporate Center to give it the resources to engage in the
strategic development and groupwide implementation of
our CR strategy. Our CR Council, which was formed in 2005,
is our groupwide committee for CR issues. It is composed of
board members from our market units, professional staff
from departments in the Corporate Center, and an employee
representative. The council advises and supports the E.ON
Board of Management in identifying groupwide CR focus
areas and setting objectives. CR managers and departments
at our market units are responsible for overseeing the imple-
mentation of CR initiatives.
We defined a groupwide climate-protection target in 2007.
By 2030 we aim to halve our specific carbon-dioxide emissions
compared with 1990 levels. To meet this target, we plan to
make substantial investments in renewables and in more
efficient power plants. In 2007, we also redesigned our group-
wide "Energy for Children" initiative, which focuses on early
childhood education in energy and environmental issues. We
plan to launch the initiative in 2008.
E.ON's commitment to transparent reporting is demonstrated
by the CR Report we published in May 2007, which received
an A+ rating--the highest rating possible--from the interna-
tionally recognized Global Reporting Initiative. This rating
was one of the reasons E.ON was for the first time included
in the Dow Jones Sustainability World and STOXX indices as
a responsible company. Our performance in other external
ratings improved, as well. For example, we moved from 25th
to 16th position in Accountability's international rating of
Fortune 100 companies.
In 2008, we will roll out a revamped CR strategy that better
embeds CR in our corporate strategy. Going forward, one of
our key tasks will be to integrate the new market units into
our CR effort.
Our new CR Report will be published in May 2008 and will
also be available at www.eon.com.