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.

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