The Better Plan is our new framework for being a sustainable and responsible energy business. It is an integral part of our 2030 strategic business vision: to be the efficient, responsible electricity company, champion of low-carbon growth.
At the heart of The Better Plan are our six Better Energy Ambitions. These set out 16 goals and targets for improving our social, environmental and economic performance. Our commitment to delivering these goals and targets is embedded in our strategic, medium and short-term business plans.
As we set out in our Sustainable Business Policy, we are committed to publicly reporting on our sustainability strategy. We outline progress against our targets and goals on our website, in the spirit of being transparent and accountable.
Our website is intended for all of our key stakeholders, including customers, employees, business partners, suppliers, public bodies, opinion formers, trade unions and NGOs.
It is proven that trustworthy sustainability reporting on material issues is persuasive and aids stakeholder engagement. Our website provides a better understanding of the issues we face.
Reporting scope, boundary and period
The Better Plan covers the activities of EDF Energy plc., our subsidiaries, and all joint ventures in which we hold an interest of over 50%. EDF Energy plc. is a wholly owned subsidiary of EDFSA. Our headquarters are at 40 Grosvenor Place, London, SW1X 7EN.
As a subsidiary of EDF Group, EDF Energy is not listed on the London Stock Exchange, so we are not obliged by law to comply with Stock Exchange rules or to adopt the same standards as listed companies.
However, as a subsidiary of EDF Group, which is listed in Paris, we have certain obligations under Autorité Des Marches Financiers (AMF) Regulations and we always seek to operate to the highest standards.
We have voluntarily embraced the principles underlying many of these standards, including the Combined Code and the Turnbull Guidelines on risk management.
Our sustainability activities very much support the Precautionary Approach that emerged from the 1992 Rio Declaration. Principle 15 of the Declaration states:
“Where there are threats of serious or irreversible damage, lack of full scientific certainty shall not be used as a reason for postponing cost-effective measures to prevent environmental degradation.”
We believe we have been applying the Precautionary Approach through The Better Plan. These have involved significant investments in:
- the development of our low-carbon generation portfolio.
- energy-efficiency programmes for our generation plants and buildings
We have also invested in becoming fully compliant with ISO 14001 across some areas of our business, which serves to identify and mitigate against environmental degradation and environmental risks.
In terms of subject scope, our web report focuses on sustainability issues that are material to our business in the UK. We remain objective and report in an open, honest and balanced way. Content within The Better Plan has been disclosed in accordance with Global Reporting Initiative G4 Core guidance. Please click here to see our GRI Index Table.
Internal data assurance
While producing a comprehensive and balanced performance report is important, it is not enough on its own. We need to make sure that all data is robust. We have gone beyond the practice of relying solely on automatic systems as a means of assuring our data. We conduct audits internally to challenge data throughout our business. We also employ external assurance providers to carry out additional annual checks on our systems and data.
Independent assurance statement
Deloitte has carried out verification of the data and assertions in our 2016 Better Energy Ambitions performance assessment.
Please click here for the full assurance statement for our reporting period between 1 January 2016 and 31 December 2016..
Reporting measurement approaches
When it comes to collecting and processing performance data, our individual business units use the best available national or international methodologies and techniques for measurement, calculation and analysis. Our basis of reporting and methodology documents can be provided upon request only.
For example, we use the World Association of Nuclear Operators’ (WANO) definitions and approaches to report our nuclear safety performance. We also comply with Department for Environment, Food and Rural Affairs (DEFRA) approved approaches for calculating carbon emissions. We use nationally and internationally approved methodologies for employee incident rates, and manufacturers’ recommendations for eco-efficiency savings.
Our key performance indicators are defined in document form and are subject to control procedures as well as regular review.
Our Better Energy Ambitions were reviewed in 2016. Following stakeholder feedback and in response to reviewing our material issues, our ambitions have evolved. The Better Plan now has our three strategic goals at its heart: Better Lives, Better Energy and Better Experience and we will measure and report our performance against the updated Better Energy Ambition goals and targets.
Our framework for being a sustainable and responsible energy business.
The Better Plan is an integral part of EDF’s 2030 vision – to be the efficient, responsible electricity company, and champion of low-carbon growth.
We want to, deliver Better Lives, Better Experience and Better Energy for all of society.