2023
2022
2021
2020

Annual Report 2023

Annual Report 2023

Result of the valuation

Audit with limited assurance

The very high percentages of the taxonomy-aligned revenue, CapEx and OpEx KPIs show that the business model is focused on sustainable activities as defined by the EU taxonomy.

Disclosure: Proportion of revenue from products or services associated with Taxonomy-aligned economic activities

Disclosure covering financial year 2023

 

 

 

2023

 

Substantial contribution criteria

 

DNSH criteria
(“Do No Significant Harm”)

 

Proportion of Tax­onomy-
aligned (A.1) or eligible (A.2) revenue,
Year N-1
(18)

 

Category en­abling activ­ity (19)

 

Cate­gory tran­sitional activ­ity (20)

Economic activities (1)

 

Code (2)

 

Revenue (3)

 

Pro­por­tion of
revenue,
2023 (4)

 

Cli­mate change
miti­gation (5)

 

Cli­mate change
adap­tation (6)

 

Water (7)

 

Pollu­tion (8)

 

Circular econ­omy (9)

 

Bio­diver­sity (10)

 

Cli­mate change
miti­gation (11)

 

Cli­mate change
adap­tation (12)

 

Water (13)

 

Pol­lution (14)

 

Circular econ­omy (15)

 

Bio­diver­sity (16)

 

Mini­mum
safe­guards (17)

 

 

 

 

 

 

 

thou­sand €

 

%

 

Y; N;
N/EL

 

Y; N;
N/EL

 

Y; N;
N/EL

 

Y; N;
N/EL

 

Y; N;
N/EL

 

Y; N;
N/EL

 

Y/N

 

Y/N

 

Y/N

 

Y/N

 

Y/N

 

Y/N

 

Y/N

 

%

 

E

 

T

A. TAXONOMY-ELIGIBLE ACTIVITIES

A.1 Environmentally sustainable activities (Taxonomy-aligned)

Electricity generation using solar photovoltaic technology

 

CCM 4.1

 

6

 

0

 

Y

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

Y

 

Y

 

–

 

–

 

Y

 

Y

 

Y

 

0

 

–

 

–

Freight rail transport

 

CCM 6.2

 

344,423

 

23.8

 

Y

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

Y

 

Y

 

–

 

Y

 

Y

 

–

 

Y

 

20.4

 

–

 

*

Infrastructure for rail transport

 

CCM 6.14

 

74,829

 

5.2

 

Y

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

4.4

 

E

 

–

Infrastructure enabling low carbon water transport

 

CCM 6.16

 

727,794

 

50.3

 

Y

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

55.8

 

E

 

–

Revenue of environmentally sustainable activities (Taxonomy-aligned) (A.1)

 

 

 

1,147,052

 

79.3

 

79.3

 

0.0

 

0.0

 

0.0

 

0.0

 

0.0

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

80.7

 

 

 

 

Of which enabling activities

 

 

 

802,623

 

55.5

 

55.5

 

0.0

 

0.0

 

0.0

 

0.0

 

0.0

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

60.3

 

E

 

 

Of which transitional activities

 

 

 

0

 

0

 

0

 

 

 

 

 

 

 

 

 

 

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

 

 

 

 

–

A.2 Taxonomy-Eligible but not environmentally sustainable activities (not Taxonomy-aligned activities)

 

 

 

 

 

 

 

 

EL;
N/EL

 

EL;
N/EL

 

EL;
N/EL

 

EL;
N/EL

 

EL;
N/EL

 

EL;
N/EL

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Freight rail transport

 

CCM 6.2

 

11,125

 

0.8

 

EL

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0.6

 

 

 

 

Freight transport services by road

 

CCM 6.6

 

168,280

 

11.6

 

EL

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10.6

 

 

 

 

Infrastructure for rail transport

 

CCM 6.14

 

115

 

0.0

 

EL

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0

 

 

 

 

Acquisition and ownership of buildings

 

CCM 7.7

 

59,557

 

4.1

 

EL

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3.7

 

 

 

 

Revenue of Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) (A.2)

 

 

 

239,078

 

16.5

 

16.5

 

0.0

 

0.0

 

0.0

 

0.0

 

0.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A. Revenue of Taxonomy-eligible activities (A.1+A.2)

 

 

 

1,386,130

 

95.8

 

95.8

 

0.0

 

0.0

 

0.0

 

0.0

 

0.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

B. TAXONOMY-NON-ELIGIBLE ACTIVITIES

Revenue of Taxonomy-non-eligible activities

 

 

 

60,641

 

4.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

1,446,771

 

100.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Y - Yes, taxonomy-eligible activity that is aligned with the relevant environmental target, N - No, taxonomy-eligible activity that is not aligned with the relevant environmental target

EL - 'eligible', activity eligible for taxonomy for the relevant target, N/EL - 'not eligible', activity not eligible for taxonomy for the relevant target; CCM = Climate Change Mitigation

* A very small number of runs are made with bi-mode locomotives, which can be considered as transitional activity.
Disclosure: Proportion of CapEx from products or services associated with Taxonomy-aligned economic activities

Disclosure covering financial year 2023

 

 

 

2023

 

Substantial contribution criteria

 

DNSH criteria
(“Do No Significant Harm”)

 

Proportion of Tax­onomy-
aligned (A.1) or eligible (A.2) CapEx,
Year N-1
(18)

 

Category en­abling activ­ity (19)

 

Cate­gory tran­sitional activ­ity (20)

Economic activities (1)

 

Code (2)

 

CapEx (3)

 

Pro­por­tion of
CapEx,
2023 (4)

 

Cli­mate change
miti­gation (5)

 

Cli­mate change
adap­tation (6)

 

Water (7)

 

Pollu­tion (8)

 

Circular econ­omy (9)

 

Bio­diver­sity (10)

 

Cli­mate change
miti­gation (11)

 

Cli­mate change
adap­tation (12)

 

Water (13)

 

Pol­lution (14)

 

Circular econ­omy (15)

 

Bio­diver­sity (16)

 

Mini­mum
safe­guards (17)

 

 

 

 

 

 

 

thou­sand €

 

%

 

Y; N;
N/EL

 

Y; N;
N/EL

 

Y; N;
N/EL

 

Y; N;
N/EL

 

Y; N;
N/EL

 

Y; N;
N/EL

 

Y/N

 

Y/N

 

Y/N

 

Y/N

 

Y/N

 

Y/N

 

Y/N

 

%

 

E

 

T

A. TAXONOMY-ELIGIBLE ACTIVITIES

A.1 Environmentally sustainable activities (Taxonomy-aligned)

Electricity generation using solar photovoltaic technology

 

CCM 4.1

 

138

 

0.0

 

Y

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

Y

 

Y

 

–

 

Y

 

J

 

Y

 

Y

 

0

 

–

 

–

Freight rail transport

 

CCM 6.2

 

70,215

 

20.1

 

Y

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

Y

 

Y

 

–

 

Y

 

Y

 

–

 

Y

 

24.4

 

–

 

*

Infrastructure for rail transport

 

CCM 6.14

 

29,982

 

8.6

 

Y

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

20.4

 

E

 

–

Infrastructure enabling low carbon water transport

 

CCM 6.16

 

203,494

 

58.1

 

Y

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

36.7

 

E

 

–

CapEx of environmentally sustainable activities (Taxonomy-aligned) (A.1)

 

 

 

303,829

 

86.8

 

86.8

 

0.0

 

0.0

 

0.0

 

0.0

 

0.0

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

81.6

 

 

 

 

Of which enabling activities

 

 

 

233,476

 

66.7

 

66.7

 

0.0

 

0.0

 

0.0

 

0.0

 

0.0

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

57.1

 

E

 

 

Of which transitional activities

 

 

 

0

 

0.0

 

0

 

 

 

 

 

 

 

 

 

 

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

 

 

 

 

–

A.2 Taxonomy-Eligible but not environmentally sustainable activities (not Taxonomy-aligned activities)

 

 

 

 

 

 

 

 

EL;
N/EL

 

EL;
N/EL

 

EL;
N/EL

 

EL;
N/EL

 

EL;
N/EL

 

EL;
N/EL

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Freight rail transport

 

CCM 6.2

 

1,745

 

0.5

 

EL

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0.3

 

 

 

 

Freight transport services by road

 

CCM 6.6

 

519

 

0.1

 

EL

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0.1

 

 

 

 

Acquisition and ownership of buildings

 

CCM 7.7

 

21,535

 

6.2

 

EL

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10.3

 

 

 

 

CapEx of Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) (A.2)

 

 

 

23,799

 

6.8

 

6.8

 

0.0

 

0.0

 

0.0

 

0.0

 

0.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A. CapEx of Taxonomy-eligible activities (A.1+A.2)

 

 

 

327,628

 

93.6

 

93.6

 

0.0

 

0.0

 

0.0

 

0.0

 

0.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

B. TAXONOMY-NON-ELIGIBLE ACTIVITIES

CapEx of Taxonomy-non-eligible activities

 

 

 

22,471

 

6.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

350,099

 

100.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Y - Yes, taxonomy-eligible activity that is aligned with the relevant environmental target, N - No, taxonomy-eligible activity that is not aligned with the relevant environmental target

EL - 'eligible', activity eligible for taxonomy for the relevant target, N/EL - 'not eligible', activity not eligible for taxonomy for the relevant target; CCM = Climate Change Mitigation

* A very small number of runs are made with bi-mode locomotives, which can be considered as transitional activity.
Disclosure: Proportion of OpEx from products or services associated with Taxonomy-aligned economic activities

Disclosure covering financial year 2023

 

 

 

2023

 

Substantial contribution criteria

 

DNSH criteria
(“Do No Significant Harm”)

 

Proportion of Tax­onomy-
aligned (A.1) or eligible (A.2) OpEx,
Year N-1
(18)

 

Category en­abling activ­ity (19)

 

Cate­gory tran­sitional activ­ity (20)

Economic activities (1)

 

Code (2)

 

OpEx (3)

 

Pro­por­tion of
OpEx,
2023 (4)

 

Cli­mate change
miti­gation (5)

 

Cli­mate change
adap­tation (6)

 

Water (7)

 

Pollu­tion (8)

 

Circular econ­omy (9)

 

Bio­diver­sity (10)

 

Cli­mate change
miti­gation (11)

 

Cli­mate change
adap­tation (12)

 

Water (13)

 

Pol­lution (14)

 

Circular econ­omy (15)

 

Bio­diver­sity (16)

 

Mini­mum
safe­guards (17)

 

 

 

 

 

 

 

thou­sand €

 

%

 

Y; N;
N/EL

 

Y; N;
N/EL

 

Y; N;
N/EL

 

Y; N;
N/EL

 

Y; N;
N/EL

 

Y; N;
N/EL

 

Y/N

 

Y/N

 

Y/N

 

Y/N

 

Y/N

 

Y/N

 

Y/N

 

%

 

E

 

T

A. TAXONOMY-ELIGIBLE ACTIVITIES

A.1 Environmentally sustainable activities (Taxonomy-aligned)

Electricity generation using solar photovoltaic technology

 

CCM 4.1

 

0

 

0

 

Y

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

Y

 

Y

 

–

 

–

 

Y

 

Y

 

Y

 

0

 

–

 

–

Freight rail transport

 

CCM 6.2

 

16,550

 

9.0

 

Y

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

Y

 

Y

 

–

 

Y

 

Y

 

–

 

Y

 

8.7

 

–

 

*

Infrastructure for rail transport

 

CCM 6.14

 

6,073

 

3.3

 

Y

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

2.6

 

E

 

–

Infrastructure enabling low carbon water transport

 

CCM 6.16

 

127,986

 

69.6

 

Y

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

70.9

 

E

 

–

OpEx of environmentally sustainable activities (Taxonomy-aligned) (A.1)

 

 

 

150,608

 

81.9

 

81.9

 

0.0

 

0.0

 

0.0

 

0.0

 

0.0

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

82.2

 

 

 

 

Of which enabling activities

 

 

 

134,059

 

72.9

 

72.9

 

0.0

 

0.0

 

0.0

 

0.0

 

0.0

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

73.5

 

E

 

 

Of which transitional activities

 

 

 

0

 

0

 

0

 

 

 

 

 

 

 

 

 

 

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

 

 

 

 

–

A.2 Taxonomy-Eligible but not environmentally sustainable activities (not Taxonomy-aligned activities)

 

 

 

 

 

 

 

 

EL;
N/EL

 

EL;
N/EL

 

EL;
N/EL

 

EL;
N/EL

 

EL;
N/EL

 

EL;
N/EL

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Freight rail transport

 

CCM 6.2

 

2,941

 

1.6

 

EL

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2.6

 

 

 

 

Freight transport services by road

 

CCM 6.6

 

1,210

 

0.7

 

EL

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0.8

 

 

 

 

Infrastructure for rail transport

 

CCM 6.14

 

1,859

 

1.0

 

EL

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.3

 

 

 

 

Acquisition and ownership of buildings

 

CCM 7.7

 

12,756

 

6.9

 

EL

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

N/EL

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6.0

 

 

 

 

OpEx of Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) (A.2)

 

 

 

18,766

 

10.2

 

10.2

 

0.0

 

0.0

 

0.0

 

0.0

 

0.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A. OpEx of Taxonomy-eligible activities (A.1+A.2)

 

 

 

169,374

 

92.2

 

92.2

 

0.0

 

0.0

 

0.0

 

0.0

 

0.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

B. TAXONOMY-NON-ELIGIBLE ACTIVITIES

OpEx of Taxonomy-non-eligible activities

 

 

 

14,409

 

7.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

183,783

 

100.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Y - Yes, taxonomy-eligible activity that is aligned with the relevant environmental target, N - No, taxonomy-eligible activity that is not aligned with the relevant environmental target

EL - 'eligible', activity eligible for taxonomy for the relevant target, N/EL - 'not eligible', activity not eligible for taxonomy for the relevant target; CCM = Climate Change Mitigation

* A very small number of runs are made with bi-mode locomotives, which can be considered as transitional activity.
Revenue
Revenue from sales or lettings and from services rendered, less sales deductions and VAT.

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