Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Environmental Impact
• Employee Treatment
• Governance Principles

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Varying maturity levels in creating and reporting on sustainability standards among utilities.
• Initial capital investment required to establish a baseline for ESG performance.

Mitigation Strategies

• Conducting a Materiality Assessment to identify key ESG focus areas and establish a baseline.
• Developing a roadmap that defines objectives and goals, aligning with investor and regulator expectations.
• Integrating ESG considerations into strategic decisions (hiring, operations, sustainable practices).

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: SASB

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Change
• Biodiversity
• Environmental Degradation
• Nature
• Adaptation

Environmental Achievements

• Raised over £26 billion through selling green gilts.
• Annual investment in low carbon sectors more than doubled in real terms over the past five years. Across 2021 and 2022 alone, over £50 billion of new investments were delivered in low carbon sectors in the U K.

Social Achievements

• Creating almost half a million new green jobs

Governance Achievements

• First G20 nation to require the largest companies and financial firms to make public how they are responding to financial risks and opportunities from climate change.

Climate Goals & Targets

Environmental Challenges

• Climate change, biodiversity loss and environmental degradation are transforming the global economy.
• To deliver on the U K’s net zero ambitions, through the late 2020s and 2030s, an additional £50-60 billion capital investment will be required each year.
• Over half the world’s G D P is generated in sectors that depend on the goods and services nature provides.
• The Bank of England projected £110 billion in additional losses for U K banks out to 2050 in their disorderly transition scenario, and 50-70% higher losses for U K insurers in their highest climate risk scenario.

Mitigation Strategies

• The Green Finance Strategy sets out how the U K Government will pursue its ambition to become the world’s first Net Zero-aligned Financial Centre – equipping the market with the information and tools necessary to drive the transition.
• Government and public sector levers to mobilise private investment
• Working with the business and investment community
• Unlocking high-integrity carbon and nature markets
• Supporting green investment in emerging markets and developing economies

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events causing damage to infrastructure and supply chains

Transition Risks

• Regulatory changes, market shifts

Opportunities

• Supplying the goods and services necessary to reach global net zero ambitions

Reporting Standards

Frameworks Used: TCFD

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed