Disclosures according to the EU Taxonomy Regulation

Premiums in non-life insurance and taxonomy-eligible activities

Discretionary judgements and interpretation requirements

In view of the interpretations by the European Commission only at the end of December 2023 and the first application of the new provisions on taxonomy alignment, current market practice shows that not all details are sufficiently specified and that a common understanding and uniform application in the market need to be developed in order to achieve consistency and comparability.

Reporting principles

Under the Taxonomy Regulation, insurance companies are required to disclose an indicator in relation to their non-life insurance business. European legislators have therefore defined certain business lines of non-life insurance that are considered environmentally sustainable in relation to the environmental objective of climate change adaptation.

In non-life insurance, we carried out detailed research, according to the regulations from Annex X to the Delegated Regulation (2021/2178), on approximately 40 non-life insurance lines with respect to all premium elements, based on the premiums written, separated by direct and indirect business and before and after any reinsurance. Underwriting specialists analysed the content of insured benefits and scope of cover to establish whether they were adapted to the impacts of climate change. As a result of different cover being issued in places, the private customer business and industrial/commercial business were analysed separately and classified in relation to the insurance activity’s taxonomy eligibility and conformity. The proportion of premiums in the analysed non-life insurance lines were then combined into the categories as defined in the Delegated Regulation. Similarly, the proportion of taxonomy-eligible economic activities in relation to the total non-life insurance premiums written (before reinsurance) was then determined and, for the first time, the premium was broken down into premium proportions for climate change adaptation in accordance with the draft Commission notice on the interpretation and implementation of certain legal provisions of the Disclosures Delegated Act under Article 8 of the EU Taxonomy Regulation on the reporting of Taxonomy-eligible and Taxonomy-aligned economic activities and assets (third Commission Notice). This was based on long-term loss histories resulting from recognised climate-related risks. Technical screening criteria (TSC), compliance with minimum social safeguards (MSS) and do no significant harm (DNSH) criteria laid down in the Delegated Regulation were also checked.

Limited data availability or documentation

The abovementioned evidence could not be documented for the private customer business, standardised SME business and active reinsurance business and therefore could not be included in the Taxonomy-aligned premium. Although both the technical screening criteria and the do no significant harm (DNSH) criteria were largely met in the context of the major customer business in a tailor-made contract for partial premiums on insurance cover for natural disasters that are also linked to climate change, the proportioning approach to taxonomy-aligned premiums was also abandoned in this customer segment due to the still insufficient assurance of all the minimum social safeguards being met.

In line with the current interpretation by the European Commission, only the part which can be applied to the cover of climate-related risks was used for the calculation of the previous year’s comparative figure from the premiums. The calculation with the (split) premiums for this purpose now yields 8.51 per cent taxonomy eligibility for 2022 instead of 48.1 per cent taxonomy eligibility (see 2022 report), as shown in the previous year’s report without the premium split.

The details can be found in the table below (template according to Annex X of the Delegated Regulation).

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Reporting template: The underwriting KPI for non-life insurance and reinsurance undertakings
Economic activities	Substantial contribution to climate change adaptation			Do no significant harm (DNSH)
	Absolute premiums, 2023	Proportion of premiums, 2023	Proportion of premiums, 2022	Climate change mitigation	Water and marine resources	Circular economy	Pollution	Biodiversity and ecosystems	Minimum safeguards
	€	%	%	Y/N	Y/N	Y/N	Y/N	Y/N	Y/N
A.1. Non-life insurance and reinsurance underwriting Taxonomy-aligned activities (environmentally sustainable)	0.00	0.00	0.00	Y	Y	Y	Y	Y	N
A.1.1 Of which reinsured	0.00	0.00	0.00	Y	Y	Y	Y	Y	N
A.1.2 Of which stemming from reinsurance activity	0.00	0.00	0.00	Y	Y	Y	Y	Y	N
A.1.2.1 Of which reinsured (retrocession)	0.00	0.00	0.00	Y	Y	Y	Y	Y	N
A.2 Non-life insurance and reinsurance underwriting Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities)	369,398,784.73	8.77	8.51
B. Non-life insurance and reinsurance underwriting Taxonomy-non-eligible activities	3,844,769,986.69	91.23	91.49
Total (A.1 + A.2 + B.)	4,214,168,771.42	100.00	100.00

Investments and taxonomy-eligible activities

Discretionary judgements and interpretation requirements

The Delegated Regulation (EU) 2021/2178 specifies that insurance companies must make disclosures in relation to investments. Our Taxonomy classification is conducted with the support of the external data provider ISS STOXX. Since the 2022 financial year was the first time that non-financial undertakings were included in taxonomy alignment reporting, the taxonomy alignment KPIs for the UNIQA Group’s revenue and operating expenses are based exclusively on data from non-financial undertakings.

The published assessment criteria for the first two climate targets set under the EU Taxonomy Regulation were included.

The draft Commission notice on the interpretation and implementation of certain legal provisions of the Disclosures Delegated Act under Article 8 of the EU Taxonomy Regulation on the reporting of Taxonomy-eligible and Taxonomy-aligned economic activities and assets (third Commission Notice) dated 21 December 2023 was also critically reviewed.

We took note of FAQ 2 but kept to the IFRS consolidation basis in order to continue to ensure comparability with the consolidated financial statements. This legal view seems acceptable to us, as nothing to the contrary is stated in the Taxonomy Regulation itself.

Reporting principles

At the time of reporting, there are still different interpretations as to how to apply the EU Taxonomy Regulation and the associated Delegated Regulations. Our quantitative and qualitative disclosures therefore take into account what we currently know.

The calculation of the company-related KPIs in accordance with Article 8 of the Taxonomy Regulation refers to the investments of UNIQA Insurance Group AG (UIG) published in the UIG consolidated Group Report 2023. For the unconsolidated investment funds due to lack of control, FAQ 4 was noted and the IDW interpretation (IDW QA from 1 December 2023) was subsequently applied, which states that the fund wrap can be used. All further regulatory developments on this will be closely monitored.

Limited data availability or documentation

Instead of using the balance sheet values and the various IFRS measurement methods applied to them, the taxonomy calculation was consistently measured at fair values and the indicators were calculated.

The resulting differences to the carrying amounts reported in the consolidated financial statements are mainly from the investment properties partially measured at acquisition costs in the Consolidated Statement of Financial Position and from the associated interests accounted for using the equity method.

The assets of supranational issuers, governments, central banks and holdings of unconsolidated investment funds were also excluded for the calculation of the green investment ratio (GIR). The underlying coverage amount according to Table Annex X of Delegated Regulation 2021/2178 is €17,053 million.

Additional information regarding Annex X EU Taxonomy Regulation Article 8 KPIs

All government bonds and bonds from supranational issuers were removed from the calculation in accordance with the Delegated Acts to the EU Taxonomy Regulation.

The proportion of exposures to central governments, central banks and supranational issuers was 33.16 per cent of all investments.

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Reporting template: The proportion of the insurance or reinsurance undertaking’s investments that are directed at funding, or are associated with, Taxonomy-aligned in relation to total investments

€

The weighted average value of all the investments of insurance or reinsurance undertakings that are directed at funding, or are associated with Taxonomy-aligned economic activities relative to the value of total assets covered by the KPI, with following weights for investments in undertakings per below:

The weighted average value of all the investments of insurance or reinsurance undertakings that are directed at funding, or are associated with Taxonomy-aligned economic activities, with following weights for investments in undertakings per below:

Turnover-based:

10.88

Turnover-based:

1,855,767,902.27

CapEx-based:

0.77

CapEx-based:

131,372,367.40

The percentage of assets covered by the KPI relative to the total investments of insurance or reinsurance undertakings (total AuM). Excluding investments in sovereign entities.

The monetary value of assets covered by the KPI. Excluding investments in sovereign entities.

Coverage ratio*:

60.64

Coverage**:

17,053,157,854.29

Additional, complementary disclosures: Breakdown of the KPI denominator

The percentage of derivatives relative to total assets covered by the KPI:

0.16

The value of derivatives as a monetary amount:

26,937,490.30

The proportion of exposures to financial and non-financial undertakings not subject to Articles 19a and 29a of Directive 2013/34/EU over total assets covered by the KPI:

The value of exposures to financial and non-financial undertakings not subject to Articles 19a and 29a of Directive 2013/34/EU:

For non-financial undertakings:

3.14

For non-financial undertakings:

534,753,119.67

For financial undertakings:

8.31

For financial undertakings:

1,417,109,388.84

The proportion of exposures to financial and non-financial undertakings from non-EU countries not subject to Articles 19a and 29a of Directive 2013/34/EU over total assets covered by the KPI:

The value of exposures to financial and non-financial undertakings from non-EU countries not subject to Articles 19a and 29a of Directive 2013/34/EU:

For non-financial undertakings:

1.68

For non-financial undertakings:

286,412,134.49

For financial undertakings:

4.42

For financial undertakings:

754,019,240.78

The proportion of exposures to financial and non-financial undertakings subject to Articles 19a and 29a of Directive 2013/34/EU over total assets covered by the KPI:

The value of exposures to financial and non-financial undertakings subject to Articles 19a and 29a of Directive 2013/34/EU:

For non-financial undertakings:

27.00

For non-financial undertakings:

4,604,540,892.49

For financial undertakings:

16.80

For financial undertakings:

2,864,891,738.50

The proportion of exposures to other counterparties and assets over total assets covered by the KPI:

44.60

The value of exposures to other counterparties and assets:

7,604,925,224.48

The proportion of the insurance or reinsurance undertaking’s investments other than investments held in respect of life insurance contracts where the investment risk is borne by the policy holders, that are directed at funding, or are associated with, Taxonomy-aligned economic activities: X%

73.27

The value of insurance or reinsurance undertaking’s investments other than investments held in respect of life insurance contracts where the investment risk is borne by the policy holders, that are directed at funding, or are associated with, Taxonomy-aligned economic activities:

12,756,783,815.79

The value of all the investments that are funding Taxonomy-eligible economic activities, but not Taxonomy-aligned relative to the value of the total assets covered by the KPI: ***

The value of all investments that are funding economic activities that are not Taxonomy-eligible: ****

Turnover-based:

19.77

Turnover-based:

3,371,923,725.92

CapEx-based:

17.52

CapEx-based:

2,986,880,524.37

The value of all the investments that are funding Taxonomy-eligible economic activities, but not Taxonomy-aligned relative to the value of the total assets covered by the KPI: ***

The value of all the investments that are funding Taxonomy-eligible economic activities, but not Taxonomy-aligned: ****

Turnover-based:

5.39

Turnover-based:

919,543,933.27

CapEx-based:

1.95

CapEx-based:

332,080,020.59

Additional, complementary disclosures: breakdown of the KPI numerator

The proportion of taxonomy-aligned exposures to financial and non-financial undertakings subject to Articles 19a and 29a of Directive 2013/34/EU:

The value of taxonomy-aligned exposures to financial and non-financial undertakings subject to Articles 19a and 29a of Directive 2013/34/EU:

For non-financial undertakings:

Turnover-based:

10.88

Turnover-based:

1,855,767,902.27

CapEx-based:

0.77

CapEx-based:

131,372,367.40

For financial undertakings:

Turnover-based:

0.00

Turnover-based:

0.00

CapEx-based:

0.00

CapEx-based:

0.00

The proportion of taxonomy-aligned exposures to financial and non-financial undertakings subject to Articles 19a and 29a of Directive 2013/34/EU over total assets covered by the KPI:

Turnover-based:

10.87

Turnover-based:

1,854,468,876.52

CapEx-based:

0.76

CapEx-based:

128,771,556.68

The proportion of Taxonomy-aligned exposures to other counterparties and assets over total assets covered by the KPI*****:

The value of taxonomy-aligned exposures to other counterparties and assets over total assets covered by the KPI******:

Turnover-based:

0.00

Turnover-based:

0.00

CapEx-based:

0.00

CapEx-based:

0.00

*	For the calculation of the % coverage ratio, neither third-party funds whose risk is attributable to customers nor unconsolidated investment funds were taken into account. We refer here to the section: Reporting principles.
**	We refer here to the UNIQUA Insurance Group’s Consolidated Statement of Financial Position (Investment Property, Other Investments, Financial Assets account equity method, Investments for fundlinked life insurance) with reference to the section: Limited data availability or documentation.
***	In addition to the standard requirement, this is broken down into turnover-based % and CapEx-based %.
****	In addition to the standard requirement, this is broken down into revenue-based monetary amounts and CapEx-based monetary amounts
*****	In the absence of further details from the Commission, we declare other counterparties as entities which cannot or cannot clearly be classified as reporting for the purposes of non-financial reporting. Per the taxonomy requirements, we only include reporting entities for the auditing of taxonomy-aligned economic activities. As such, the above reasoning results in zero taxonomy-aligned exposures.
******	In the absence of further details from the Commission, we declare other counterparties as entities which cannot or cannot clearly be classified as reporting for the purposes of non-financial reporting. Per the taxonomy requirements, we only include reporting entities for the auditing of taxonomy-aligned economic activities. As such, the above reasoning results in zero taxonomy-aligned exposures.

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	%		%		%
Breakdown of the KPI numerator by environmental objective
Taxonomy-aligned activities – if the do no significant harm (DNSH) and social safeguards are assessed positively:
(1) Climate change mitigation*		a) Transitional activities:		b) Enabling activities:
Turnover-based:	100.00	Turnover-based:	0.01	Turnover-based:	0.74
CapEx-based:	100.00	CapEx-based:	0.02	CapEx-based:	0.63
(2) Climate change adaptation		a) Transitional activities:		b) Enabling activities:
Turnover-based:	0.00	Turnover-based:	0.00	Turnover-based:	0.00
CapEx-based:	0.00	CapEx-based:	0.00	CapEx-based:	0.00
(3) Sustainable use and protection of water and marine resources		a) Transitional activities:		b) Enabling activities:
Turnover-based:	n/a	Turnover-based:	n/a	Turnover-based:	n/a
CapEx-based:	n/a	CapEx-based:	n/a	CapEx-based:	n/a
(4) Transition to a circular economy		a) Transitional activities:		b) Enabling activities:
Turnover-based:	n/a	Turnover-based:	n/a	Turnover-based:	n/a
CapEx-based:	n/a	CapEx-based:	n/a	CapEx-based:	n/a
(5) Pollution prevention and control		a) Transitional activities:		b) Enabling activities:
Turnover-based:	n/a	Turnover-based:	n/a	Turnover-based:	n/a
CapEx-based:	n/a	CapEx-based:	n/a	CapEx-based:	n/a
(6) Protection and restoration of biodiversity and ecosystems		a) Transitional activities:		b) Enabling activities:
Turnover-based:	n/a	Turnover-based:	n/a	Turnover-based:	n/a
CapEx-based:	n/a	CapEx-based:	n/a	CapEx-based:	n/a

Reporting template 1 Nuclear energy and fossil gas related activities
Row	Nuclear energy related activities
1.	The undertaking carries out, funds or has exposures to research, development, demonstration and deployment of innovative electricity generation facilities that produce energy from nuclear processes with minimal waste from the fuel cycle.	Yes
2.	The undertaking carries out, funds or has exposures to construction and safe operation of new nuclear installations to produce electricity or process heat, including for the purposes of district heating or industrial processes such as hydrogen production, as well as their safety upgrades, using best available technologies.	Yes
3.	The undertaking carries out, funds or has exposures to safe operation of existing nuclear installations that produce electricity or process heat, including for the purposes of district heating or industrial processes such as hydrogen production from nuclear energy, as well as their safety upgrades.	Yes

Row	Fossil gas related activities
4.	The undertaking carries out, funds or has exposures to construction or operation of electricity generation facilities that produce electricity using fossil gaseous fuels.	Yes
5.	The undertaking carries out, funds or has exposures to construction, refurbishment, and operation of combined heat/cool and power generation facilities using fossil gaseous fuels.	Yes
6.	The undertaking carries out, funds or has exposures to construction, refurbishment and operation of heat generation facilities that produce heat/cool using fossil gaseous fuels.	Yes

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Reporting template 2 Taxonomy-aligned economic activities (denominator)
Zeile	Wirtschaftstätigkeiten		Amount and proportion (figures in monetary amounts and percentages)
			CCM + CCA		Climate change mitigation (CCM)		Climate change adaptation (CCA)
			€	%	€	%	€	%
1.	Amount and proportion of taxonomy-aligned economic activity referred to in Section 4.26 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the denominator of the applicable KPI	Turnover-based:	0.00	0.00	0.00	0.00	0.00	0.00
1.		CapEx-based:	0.00	0.00	0.00	0.00	0.00	0.00
2.	Amount and proportion of taxonomy-aligned economic activity referred to in Section 4.27 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the denominator of the applicable KPI	Turnover-based:	48,898.89	0.00	48,898.89	0.00	0.00	0.00
2.		CapEx-based:	222,198.61	0.00	222,198.61	0.00	0.00	0.00
3.	Amount and proportion of taxonomy-aligned economic activity referred to in Section 4.28 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the denominator of the applicable KPI	Turnover-based:	2,247,758.01	0.01	2,247,758.01	0.01	0.00	0.00
3.		CapEx-based:	2,173,345.62	0.01	2,173,345.62	0.01	0.00	0.00
4.	Amount and proportion of taxonomy-aligned economic activity referred to in Section 4.29 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the denominator of the applicable KPI	Turnover-based:	0.00	0.00	0.00	0.00	0.00	0.00
4.		CapEx-based:	0.00	0.00	0.00	0.00	0.00	0.00
5.	Amount and proportion of taxonomy-aligned economic activity referred to in Section 4.30 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the denominator of the applicable KPI	Turnover-based:	0.00	0.00	0.00	0.00	0.00	0.00
5.		CapEx-based:	0.00	0.00	0.00	0.00	0.00	0.00
6.	Amount and proportion of taxonomy-aligned economic activity referred to in Section 4.31 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the denominator of the applicable KPI	Turnover-based:	0.00	0.00	0.00	0.00	0.00	0.00
6.		CapEx-based:	0.00	0.00	0.00	0.00	0.00	0.00
7.	Amount and proportion of other taxonomy-aligned economic activities not referred to in rows 1 to 6 in the denominator of the applicable KPI	Turnover-based:	1,853,471,245.37	10.87	1,853,471,245.37	10.87	0.00	0.00
7.		CapEx-based:	128,976,823.17	0.76	128,976,823.17	0.76	0.00	0.00
8.	Total applicable KPI	Turnover-based:	1,855,767,902.27	10.88	1,855,767,902.27	10.88	0.00	0.00
8.	Total applicable KPI	CapEx-based:	131,372,367.40	0.77	131,372,367.40	0.77	0.00	0.00

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Reporting template 3 Taxonomy-aligned economic activities (numerator)
Row	Economic activities		Amount and proportion (figures in monetary amounts and percentages)
			CCM + CCA		Climate change mitigation (CCM)		Climate change adaptation (CCA)
			€	%	€	%	€	%
1.	Amount and proportion of taxonomy-aligned economic activity referred to in Section 4.26 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the numerator of the applicable KPI	Turnover-based:	0.00	0.00	0.00	0.00	0.00	0.00
1.		CapEx-based:	0.00	0.00	0.00	0.00	0.00	0.00
2.	Amount and proportion of taxonomy-aligned economic activity referred to in Section 4.27 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the numerator of the applicable KPI	Turnover-based:	48,898.89	0.00	48,898.89	0.00	0.00	0.00
2.		CapEx-based:	222,198.61	0.17	222,198.61	0.17	0.00	0.00
3.	Amount and proportion of taxonomy-aligned economic activity referred to in Section 4.28 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the numerator of the applicable KPI	Turnover-based:	2,247,758.01	0.12	2,247,758.01	0.12	0.00	0.00
3.		CapEx-based:	2,173,345.62	1.65	2,173,345.62	1.65	0.00	0.00
4.	Amount and proportion of taxonomy-aligned economic activity referred to in Section 4.29 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the numerator of the applicable KPI	Turnover-based:	0.00	0.00	0.00	0.00	0.00	0.00
4.		CapEx-based:	0.00	0.00	0.00	0.00	0.00	0.00
5.	Amount and proportion of taxonomy-aligned economic activity referred to in Section 4.30 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the numerator of the applicable KPI	Turnover-based:	0.00	0.00	0.00	0.00	0.00	0.00
5.		CapEx-based:	0.00	0.00	0.00	0.00	0.00	0.00
6.	Amount and proportion of taxonomy-aligned economic activity referred to in Section 4.31 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the numerator of the applicable KPI	Turnover-based:	0.00	0.00	0.00	0.00	0.00	0.00
6.		CapEx-based:	0.00	0.00	0.00	0.00	0.00	0.00
7.	Amount and proportion of other taxonomy-aligned economic activities not referred to in rows 1 to 6 in the numerator of the applicable KPI	Turnover-based:	1,853,471,245.37	99.88	1,853,471,245.37	99.88	0.00	0.00
7.		CapEx-based:	128,976,823.17	98.18	128,976,823.17	98.18	0.00	0.00
8.	Total amount and proportion of taxonomy-aligned economic activities in the numerator of the applicable KPI	Turnover-based:	1,855,767,902.27	100.00	1,855,767,902.27	100.00	0.00	0.00
8.		CapEx-based:	131,372,367.40	100.00	131,372,367.40	100.00	0.00	0.00

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Reporting template 4 Taxonomy-eligible but not taxonomy-aligned economic activities
Row	Economic activities		Amount and proportion (figures in monetary amounts and percentages)
			CCM + CCA		Climate change mitigation (CCM)		Climate change adaptation (CCA)
			€	%	€	%	€	%
1.	Amount and proportion of taxonomy-eligible but not taxonomy-aligned economic activity referred to in Section 4.26 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the denominator of the applicable KPI	Turnover-based:	24,497.43	0.00	24,497.43	0.00	0.00	0.00
1.		CapEx-based:	284,170.22	0.00	284,170.22	0.00	0.00	0.00
2.	Amount and proportion of taxonomy-eligible but not taxonomy-aligned economic activity referred to in Section 4.27 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the denominator of the applicable KPI	Turnover-based:	0.00	0.00	0.00	0.00	0.00	0.00
2.		CapEx-based:	0.00	0.00	0.00	0.00	0.00	0.00
3.	Amount and proportion of taxonomy-eligible but not taxonomy-aligned economic activity referred to in Section 4.28 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the denominator of the applicable KPI	Turnover-based:	86,156.69	0.00	86,156.69	0.00	0.00	0.00
3.		CapEx-based:	86,156.69	0.00	86,156.69	0.00	0.00	0.00
4.	Amount and proportion of taxonomy-eligible but not taxonomy-aligned economic activity referred to in Section 4.29 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the denominator of the applicable KPI	Turnover-based:	2,185,845.83	0.01	2,185,845.83	0.01	0.00	0.00
4.		CapEx-based:	988,102.09	0.01	988,102.09	0.01	0.00	0.00
5.	Amount and proportion of taxonomy-eligible but not taxonomy-aligned economic activity referred to in Section 4.30 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the denominator of the applicable KPI	Turnover-based:	4,728,231.66	0.03	4,728,231.66	0.03	0.00	0.00
5.		CapEx-based:	3,406,634.82	0.02	3,406,634.82	0.02	0.00	0.00
6.	Amount and proportion of taxonomy-eligible but not taxonomy-aligned economic activity referred to in Section 4.31 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the denominator of the applicable KPI	Turnover-based:	1,364,099.96	0.01	1,364,099.96	0.01	0.00	0.00
6.		CapEx-based:	0.00	0.00	0.00	0.00	0.00	0.00
7.	Amount and proportion of other taxonomy-eligible but not taxonomy-aligned economic activities not referred to in rows 1 to 6 in the denominator of the applicable KPI	Turnover-based:	911,155,101.70	5.34	911,155,101.70	5.34	0.00	0.00
7.		CapEx-based:	327,314,956.76	1.92	327,314,956.76	1.92	0.00	0.00
8.	Total amount and proportion of taxonomy-eligible but not taxonomy-aligned economic activities in the denominator of the applicable KPI	Turnover-based:	919,543,933.27	5.39	919,543,933.27	5.39	0.00	0.00
8.		CapEx-based:	332,080,020.59	1.95	332,080,020.59	1.95	0.00	0.00

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Reporting template 5 Taxonomy non-eligible economic activities
Row	Economic activities		€	%
1.	Amount and proportion of economic activity referred to in row 1 of Template 1 that is taxonomy-non-eligible in accordance with Section 4.26 of Annexes I and II to Delegated Regulation 2021/2139 in the denominator of the applicable KPI	Turnover-based:	0.00	0.00
1.		CapEx-based:	0.00	0.00
2.	Amount and proportion of economic activity referred to in row 1 of Template 1 that is taxonomy-non-eligible in accordance with Section 4.27 of Annexes I and II to Delegated Regulation 2021/2139 in the denominator of the applicable KPI	Turnover-based:	0.00	0.00
2.		CapEx-based:	1,629,456.46	0.01
3.	Amount and proportion of economic activity referred to in row 1 of Template 1 that is taxonomy-non-eligible in accordance with Section 4.28 of Annexes I and II to Delegated Regulation 2021/2139 in the denominator of the applicable KPI	Turnover-based:	398,628.22	0.00
3.		CapEx-based:	853,850.86	0.01
4.	Amount and proportion of economic activity referred to in row 1 of Template 1 that is taxonomy-non-eligible in accordance with Section 4.29 of Annexes I and II to Delegated Regulation 2021/2139 in the denominator of the applicable KPI	Turnover-based:	0.00	0.00
4.		CapEx-based:	0.00	0.00
5.	Amount and proportion of economic activity referred to in row 1 of Template 1 that is taxonomy-non-eligible in accordance with Section 4.30 of Annexes I and II to Delegated Regulation 2021/2139 in the denominator of the applicable KPI	Turnover-based:	0.00	0.00
5.		CapEx-based:	0.00	0.00
6.	Amount and proportion of economic activity referred to in row 1 of Template 1 that is taxonomy-non-eligible in accordance with Section 4.31 of Annexes I and II to Delegated Regulation 2021/2139 in the denominator of the applicable KPI	Turnover-based:	0.00	0.00
6.		CapEx-based:	0.00	0.00
7.	Amount and proportion of other taxonomy-non-eligible economic activities not referred to in rows 1 to 6 in the denominator of the applicable KPI	Turnover-based:	3,371,525,097.70	19.77
7.		CapEx-based:	2,984,397,217.05	17.50
8.	Total amount and proportion of taxonomy-non-eligible economic activities in the denominator of the applicable KPI	Turnover-based:	3,371,923,725.92	19.77
8.		CapEx-based:	2,986,880,524.37	17.52

Acquisition costs

The amount paid to acquire an asset in cash or cash equivalents of another form of compensation at the time of acquisition, in addition to the purchase of directly attributable costs.

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Equity method

Investment in associates is accounted for using this method. The value carried corresponds to the Group’s proportional equity in these companies. In the case of shares in companies that prepare their own consolidated financial statements, their Group equity is assessed accordingly in each case. Within the scope of ongoing measurement, this value must be updated to incorporate proportional changes in equity with the share of net income/(loss) being allocated to consolidated profit/(loss).

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