2020
2020
Non-financial
group report of  
Porsche SE

Non-financial group report 
of Porsche SE
Basis of reporting 
The non-financial group report of Porsche SE aims 
to give internal and external readers a transparent 
presentation of the concepts, strategies and 
processes relating to non-financial aspects in the 
Porsche SE Group. In addition, the non-financial 
group report is intended to help analyze the 
opportunities and risks associated with these 
aspects. 
This non-financial group report of Porsche SE for 
the fiscal year 2020 follows the commercial law 
requirements of Sec. 315b German Commercial 
Code (HGB). In accordance with Sec. 289d HGB, it 
was considered which national, European or 
international frameworks could be used for the 
preparation of the non-financial group report. The 
Porsche SE Group currently opts not to use a 
framework on account of deviating definitions of 
materiality between the frameworks and the legal 
requirements as well as the unreasonable cost-
benefit ratio in light of the current corporate 
structure. The future use of a framework will be 
regularly evaluated; in particular, the current 
assessment may change with the acquisition of 
additional investments. 
 
 
Reporting covers Porsche SE and the fully 
consolidated entities included in the consolidated 
financial statements of the Porsche SE Group and 
particularly the companies of PTV Group. The 
Porsche SE Group does not have control over its 
other investments, meaning that it can encourage 
sustainable corporate governance at these 
investments only through the shareholder dialogue 
and board work. With regard to the investment in 
Volkswagen, reference is made to the Volkswagen 
Group’s own sustainability reporting. 
Reporting on the Porsche SE Group mainly focuses 
on the non-financial aspects environmental matters, 
employee-related matters, social matters, respect 
for human rights and anti-corruption and bribery 
matters. 
 
 
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2020
Non-financial group report
of Porsche SE
Business model of the  
Porsche SE Group 
Porsche SE is a holding company with investments 
in the areas of mobility and industrial technology. 
The investment in Volkswagen AG remains Porsche 
SE’s core investment. In addition to this, Porsche 
SE aims to acquire additional investments related to 
industrial production or the future of mobility in 
order to generate sustainable returns through active 
investment management. 
When it comes to identifying, implementing and 
further developing investment projects, Porsche SE 
draws on its integration into one of the world's 
largest automotive and industrial networks. 
The Porsche SE Group is, in general, organized 
along decentralized lines, the management of each 
investment is independently responsible for 
corporate governance. Porsche SE is in constant 
communication with the management of its 
investments, particularly through its board work. 
Before acquiring investments, Porsche SE 
considers how the target company manages non-
financial aspects in addition to financial aspects. 
The scope of these investigations depends 
considerably on the company’s business model  
and market coverage. 
 
 
 
In addition to the core investment in Volkswagen, 
the Porsche SE Group has over the past few years 
invested in several companies that have significant 
sustainability aspects anchored in their respective 
business models. With the data portfolio they offer 
and their software solutions, the PTV Group and 
INRIX are aiming to optimize traffic and routes, 
thereby making a significant contribution to 
reducing the consumption of resources and 
lowering emissions. The innovative 3D printing 
solutions of two of our investments should allow 
raw materials to be used more efficiently in 
development and production. 
 
 
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Materiality analysis 
A materiality analysis was performed during 
preparation of the non-financial group report of 
Porsche SE. As a result, the aspects employee-
related matters and anti-corruption and bribery 
matters (compliance) were classified as material for 
the Porsche SE Group. 
The Porsche SE Group also attaches great 
importance to the aspects environmental matters, 
social matters and respect for human rights. 
However, none of the companies relevant for the 
non-financial reporting are from manufacturing or 
commodity- and energy-intensive industries, which 
is why these aspects have been classified as 
immaterial for the Porsche SE Group in this context. 
Nevertheless, the Porsche SE Group considers 
these aspects in its investment management and 
also takes all of these into account in due diligence 
activities before an investment. 
There are currently no non-financial key 
performance indicators that are material for the 
business activities of the Porsche SE Group.  
Material non-financial aspects 
Employee-related matters 
The qualification, motivation and efficiency of the 
Porsche SE Group’s employees are key factors for 
its success. This applies both to Porsche SE as a 
holding company for successfully implementing its 
investment strategy and to the PTV Group, each 
facing fierce competition for qualified specialists. 
Attracting and retaining qualified employees and 
promoting health and advanced training are 
therefore main interests of the Porsche SE Group. 
In light of the Covid-19 pandemic, the protection of 
the health of the Porsche SE Group’s employees 
played a significant role in the fiscal year 2020. 
Hereto the Porsche SE Group took extensive 
measures. In line with the recommendations of the 
health authorities, a hygiene concept was 
developed and implemented early on. Rules of 
conduct updated to reflect the current situation 
were regularly communicated to all employees. 
Furthermore, technical and organizational 
measures, some of which were already in place, to 
enable employees to largely work remotely were 
created or optimized. Further concrete measures 
including in particular the provision of protective 
masks and the intensification of hygiene measures. 
For the employees of Porsche SE, there was also 
the possibility of getting tested for Covid-19 when 
needed. 
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2020
Non-financial group report
of Porsche SE
Employee health is also fundamentally an important 
concern of the Porsche SE Group. Offers include in 
particular occupational measures to promote 
healthcare, medical examinations and prevention 
programs as well as fitness programs located close 
to the place of work. 
There are concepts to promote additional 
employee-related matters at Porsche SE level as 
well as at PTV Group level. A key pillar of this is the 
creation of a corporate culture based on mutual 
appreciation and respect. This includes protecting 
employee rights, supported by professional 
processes in HR. Other components include 
informing employees about central developments  
in the company as well as encouraging 
communication and cross-department dialogue 
between employees by regularly holding various 
types of joint events. 
A major factor in attracting and retaining employees 
is the attractiveness of the Porsche SE Group 
companies as an employer. Alongside attractive 
remuneration, the Porsche SE Group has also set 
up options for private pension plans. There are 
opportunities for basic and advanced training 
programs for employees, comprising internal and 
external training events and workshops, attending 
conferences, subsidizing selected work-based 
training programs as well as language courses. 
Compliance 
Adherence to statutory requirements as well as 
company-internal guidelines and standards are the 
basic principles of entrepreneurial behavior in the 
Porsche SE Group. Significant components are 
therefore ensuring and promoting conduct that is in 
line with the law as well as combating corruption 
and bribery. 
The Porsche SE Group fulfills its responsibilities 
through extensive activities in the area of 
compliance. For instance, Porsche SE established a 
dedicated legal affairs and compliance board of 
management function. The Porsche SE’s member of 
the board of management responsible for legal 
affairs and compliance is tasked with reporting to 
the whole board of management on all questions 
relating to compliance, taking preventive measures, 
managing these and also monitoring and 
encouraging compliance with regulations. 
Porsche SE has established a compliance 
organization and thus a compliance management 
system. This is specifically tasked with preventing 
breaches of laws or other legal requirements and 
company-internal guidelines and regulations. An 
internal company directive of Porsche SE stipulates 
the responsible organizational units and decision-
makers in terms of procedures relating to  
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compliance. Furthermore, employees of Porsche SE 
have the opportunity to report any suspected 
breaches of law within the company anonymously 
using a compliance e-mail address. The compliance 
organization is also supported by the Internal Audit 
integrated in the risk management system. 
The PTV Group has anchored compliance with legal 
and internal regulations in its group-wide code of 
conduct. This code of conduct provides guidance 
for entrepreneurial behavior of all employees in the 
PTV Group. Management and executives are tasked 
with ensuring that their employees are aware of and 
comply with the code of conduct. Employees’ 
compliant behavior is promoted via company-wide 
information and clarification about the obligations 
and competences of their respective business 
division. Furthermore, employees of the PTV Group 
also have the opportunity to report any suspected 
breaches of law within the company using a 
compliance e-mail address. 
Risk assessment 
Significant non-financial aspects are taken into 
account in the Porsche SE Group’s risk 
management system. In particular, the risk area 
“Compliance” in the risk management system 
comprises risks from non-compliance with the 
statutory requirements as well as company-internal 
guidelines for the Porsche SE Group. As of the 
reporting date, these risks are considered low. 
Based on current estimations, there are no 
significant risks from the Porsche SE Group’s 
business activities and no significant risks 
associated with the Porsche SE Group’s business 
relationships, products or services that are very 
likely to have serious negative consequences for  
the non-financial aspects. 
 
 
 
Stuttgart, 10 March 2021 
Porsche Automobil Holding SE 
 
The board of management 
 
Hans Dieter Pötsch 
 
Dr. Manfred Döss 
 
Lutz Meschke 
 
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