To accomplish all of these goals, E.ON brought together a wide range of specialist functions: Strategy, Finance, Accounting, Risk Management, IT, Investor Relations, HR and the Sustainability team. The Finance team in particular played a key role during the implementation. Deloitte Germany also relied on experts from various teams to make sure all of these processes work together seamlessly: Audit & Assurance, Financial Advisory to model alternative management tools, Risk Advisory to include sustainability metrics in the risk management strategy, and Management Consulting for issues relating to strategy, workflows, systems, and management.
Given the complexity of the project, a series of challenges had to be mastered.. E.ON was already tracking more than 400 indicators relating to the environment (e.g., CO2 emissions, water consumption, waste management), social issues (e.g., diversity and inclusion, compliance, occupational safety), and governance (management structure, executive board compensation, shareholder rights). It was therefore of utmost importance to focus on those factors that were equally relevant to investors and corporate management. Deloitte Germany worked with E.ON to cut back the number of indicators to 28 key ones and integrate them quality-assured into the Group’s capital market communications.