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… has proven to be a reliable financial holding company and pursues a dividend policy that is geared to sustainability.” Hans Dieter Pötsch Content 4 7 To our shareholders 10 Letter to our shareholders 12… … for The relevant macro trends include, for example, Porsche SE and for the Porsche SE Group are sustainability and conservation of resources, demo- combined in this report. graphic change, urbanization… … for The relevant macro trends include, for example, Porsche SE and for the Porsche SE Group are sustainability and conservation of resources, demo- combined in this report. graphic change, urbanization… … for The relevant macro trends include, for example, Porsche SE and for the Porsche SE Group are sustainability and conservation of resources, demo- combined in this report. graphic change, urbanization… … risks”). The two types of risk may the entire risk management system. In addition to also include sustainability aspects. Every single creating a risk map, deriving generic risk strategies, department… … bonds were the first issue based on the Green Finance Framework presented by Volkswagen in March for sustainability-oriented financial instruments. The Volkswagen Group plans to increase its use of green bonds… … years we have always emphasized one principle in particular: Porsche SE’s dividend policy is geared to sustainability. We will continue to abide by this principle. The executive board and supervisory board of… … the orientation of supervisory board on the recommendations of the Government compensation toward sustainability has not been Commission on the German Corporate Governance complied with nor will it be… … the orientation of supervisory board on the recommendations of the Government compensation toward sustainability has not been Commission on the German Corporate Governance complied with nor will it be… … The relevant macro Porscheplatz 1 in 70435 Stuttgart, Germany. As of trends include, for example, sustainability and 30 September 2017, the Porsche SE Group had conservation of resources, demographic…