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2022 Corporate Responsibility Report

Risk and opportunity management

For us, comprehensive risk and opportunity management also means considering the opportunities and risks arising from ecological or social aspects, or from the management of our company (environment, social and governance – ESG img). We actively and systematically involve relevant stakeholders img in order to identify which current and potential ESG risks and opportunities are important for Deutsche Telekom. We also participate in a number of working groups and committees. We continuously track ESG issues and systematically ascertain our stakeholders’ positions on these matters.

Important tools we use for this purpose are:

  • Our risk management system, which systematically identifies, evaluates, and adresses relevant risks
  • Our (annual) evaluation of emerging risks, which provides an overview of new and long-term trends in external risks
  • Our extensive analysis of physical and transitory risks (risks resulting from sudden adjustments to economic sectors due to climate change), which we align with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD img)
  • Our involvement in working groups and committees, numerous national and international business associations, and social organizations (GeSI img, Federation of German Industries, Bitkom, econsense, and the German National Association of Senior Citizen’s Organizations, for example)
  • Stakeholder dialog formats organized by us
  • Our various publications, such as the media review and newsletters
  • Our internal compliance evaluation, which also examines the most important sustainability risks
  • We continue to develop our materiality process. Key factors for further development in 2022 included changed requirements laid down in the GRI standards in 2021, as well as requirements stipulated in the CSRD img. In response, we also assessed our financial sustainability opportunities and risks, among others

In our annual report, we also provide information about the following issues, which we have identified as key aspects of our risk-and-opportunity management process:

Reporting against standards

     

Global Reporting Initiative (GRI) 

  • GRI 2-23 (General Disclosures)

Global Compact

  • Principle 7 (Support a precautionary approach to environmental challenges)
  • Principle 10 (Work against corruption in all its forms of, including extortion and bribery)